Investment opportunity

RacerRacer A love story. An obsession. Racer. A love story. An obsession

Racer is a heart stopping original screenplay by Oscar nominee and Bafta winning writer Ronan Blaney. A feature film inspired by the early life of legendary motorcycle racing star, Joey Dunlop. Joey, from Ballymoney in Northern Ireland, was at the height of his sporting prowess from the dramatic and politically charged 1970s right through to his death in 2000, winning the world renowned Isle of Man TT Races a record breaking, and not yet beaten, 26 times. Our film portrays the early life of a conflicted and quiet man who remained true to himself whilst allowing his enormous skill as a racer and his track record to do the talking.

Racer Ali MacPhail Note from the Producer

Racer has the dual commercial power of being a thrilling sports movie and an original love story.

This film will show the strength of the family bond and how extraordinarily conflicted a character can become. How can Joey leave his wife and babies at home and immerse himself in this lethal sport?

Joey witnessed first his friend and then even closer to home, his brother-in-law, being killed in horrific crashes in road racing but yet still couldn’t give up the most dangerous motor sport of all.

The racers ride at speeds of up to 190 miles per hour on country roads with nothing but lamp posts, trees and dry-stone dykes for natural crash barriers. At the beginning of the TT Race, the riders pass through the middle of a council estate – a bizarre setting for a world-famous race – and a detail which many people will be unaware. We’ll capture the excitement these racers feel when they’re riding at high speed, the tussle for position, the cat and mouse of their contest, the physicality and strength demanded. The is the story of one man’s obsession with a sport which will ultimately kill him.

We expect this feature to attract a 20+ male/female audience domestically and internationally. With interest in Joey Dunlop’s career undimmed over the years and his extraordinarily loyal fan base due to his phenomenal race record, we naturally expect the audience to be male skewed. However, the love story element, the pure sexiness of racing, the humanity of these lives and loves will also help lock-in the female demographic.

Comparable films Racer Racer – Key Team

John Matthews – Director Ali MacPhail – Producer Award winning documentary producer-director who has dedicated his film Ali has over 20 years experience in producing and executive producing and TV career to motorsport. high-end international TV drama, entertainment and film projects.

Consulting widely for film and television organisations, Ali is a BAFTA Credits include: television committee member and has mentored emerging television Trained to Kill – 2nd Unit Director for Roger Corman and film talent. Joey – The Man who Conquered the TT – ITV Deadliest Crash, Grand Prix the Killer Years, Credits include: Madness on Wheels BBC – distributed internationally Human Remains, Dr Terrible’s House of Horrible, Cruise of the God’s, Uncle Nighty Night, John won a Royal Television Society Student Award, Killer Years was The Mighty Boosh – BBC longlisted for a BAFTA, Deadliest Crash nominated for King of Fridges – ITV a Grierson Award & also won a BBC Top Gear Film Of Starlings – Sky The Year award. Gifted – Sky Arts Timeless – Sky Arts A keen motorbike rider since 9, John is passionate about bringing the Common Ground – Sky Atlantic story of Joey Dunlop to the big screen, no doubt the most amazing Ali has embraced the story of the little man from Ballymoney and has great motorbike (and unusual) racer of all time. enthusiasm to deliver this emotive and gritty tale of love, loyalty and deadly obsession.

Racer Racer – Key Team

Sheryl Trinh – Executive Producer Ronan Blaney – Writer Sheryl has worked in the independent TV production and film industry Ronan Blaney is a Bafta award winning and Academy Award nominated overseeing business and commercial operations, production and writer with a wealth of compelling work behind him. His most recent development in both factual and drama for 20 years, with particular film A Good Woman is Hard to Find, 2019, set in Northern Ireland was success in financing and managing the successful delivery of large recently praised by the New York Times as a ‘Minor Miracle’. scale, high budget drama series. Other credits and awards include Boogaloo and Graham with Michael Credits include: Lennox which won a BAFTA for ‘Best British Short Film 2014’ and also Walking With Monsters, Ocean Odyssey and Space Odyssey, nominated for an Academy Award for ‘Best Live Action Short’. One Humanity – BBC Another of his films won a Royal Television Society Award and the Prehistoric Park, Pickles – The dog who won the World Cup, Premio Pianific Prize at the Locarno Film Festival. Frankenstein – ITV Perfect Disasters – Discovery John Sorapure – Director of Photography (TBC) Sinbad - Sky 1 Movie credits: Paddington Bear, Paddington Bear 2, More recently Sheryl has worked within Bally Bee Pictures and with Horrible Histories – The Movie, Bunny & The Bull, Fat Slags, independent producers and companies structuring film, TV and event George Michael – A Different Story, Round Ireland with a Fridge. projects on a freelance basis.

Sheryl, who has Northern Irish roots and grew up in South East London during the 70’s and 80’s is thrilled to be working on this seminal and exciting film, set in that era charting the inspiring story of one of the greatest racers of all time. Racer Racer – Key Team

Kevin Riddle – Casting Director David Mousley – Executive Producer Credits: Mamma Mia!, The Hatton Garden Job, Swung, David is the former CEO of Red Vision, which grew from a small team in The Woman in Black, Angel of Death, Strawberry Fields, Manchester when he joined in 1996 to become one of the most highly The Wolfman, The Infidel, Misfits, Tomorrow, Second Life, regarded UK Visual Effects and CGI companies, winning two BAFTA Combat Kids, The Enemy Within, How Do You Solve and two Royal Television Society awards for excellence and innovation. a Problem Like Camilla? and The Rivals. David, who lives on the Isle of Man, is the Director of Business Kieran Clarke – Stunt Performer Development, Isle of Media (the private sector media development Credits: Mission Impossible: Rogue Nation, Transformers: The Last partner to the Department of Enterprise, Isle of Man Govt). David Knight, The Mummy, Eat Locals, Mary Poppins Returns Mission advises on media, games and entertainment businesses and the Impossible: Fallout overall development of this sector.

Racer

Note from the director John Matthews John Racer is Rush meets The Fighter and Drive, with Northern Soul, The Goob and Dark River sprinkled over the top.

Style Hand held camera, vérité in style, it will look and feel authentic, the camera moving around dynamically, very much based on personal experience self-shooting racers.

Contrasting lighting will bring dark, gloomy low-lit garage shots, Joey’s cigarette glowing in the darkness. The colour palette will be the blue and green saturation of the 70’s, with those lovely drudge browns. The racing shots will be full of jeopardy, the bike looking like it’s about to fall to pieces in similar vein to Grand Prix.

Music and sound will be phenomenal, high pitched engine noises, a rider being dragged 180 miles per hour down tarmac, gravel ripping leathers and skin, the terrible thuds and screeching tyres.

The tender moments, Joey and his love affair, delicate in between the mayhem, will be complemented with classical piano harmonies, glam rock playing on the radio in the background. In the 1970’s Punk Rock flourished in Belfast; rebel sounds against the violence of ‘The Troubles’.

Racer CASTING

Joey Dunlop (Age 17–28) Linda Dunlop (Age 17–28) An oddness, edgy but shy, conflicted, quiet, modest raw talent Strong, nurturing and protective

Paul Mescal Anthony Boyle Fionn Whitehead Dean Eileen O’Higgins Niamh Algar Saoirse Ronan Lianne Harvey Charles-Chapman

Walter Desmond (age 50 – 60) Merv ‘Robbo’ Robinson Scary, shrewd, cunning and clever Dashing, vulnerable, Joey’s best pal

Stellan Skarsgard Brian Cox Liam Cunningham Peter Mullan Aaron McCusker Aiden Turner Domhnall Gleeson Jamie Dornan

THE RIDERS Kieran Clarke, who doubled for Tom Cruise in the Mission Impossible films, is our main stunt rider and will bring with him a team of tried and trusted world class riders. Racer TIMELINE

David Mousley is engaged Early development – Film Idea as Financing Executive Isle of Man Govt confirm support Bill Holroyd CBE invests in early is devised by John L. Matthews Producer in The Isle of Man and assistance for film project stage development activity who invests.

2020 2019 2018 2017       Ali MacPhail & Sheryl Trinh join as A catalogue of IP is built and a successful Support is given by Co-producing partners read through is staged in Soho in London Northern Ireland Screen gathering a lot of film industry interest Jul 2020 A major Bill Holroyd CBE is engaged and invests distributor’s offer of significant development funding into this 20% (£600k) is  film production venture, taking an early-bird received against position on the film investment raise. the film budget. Northern Ireland Screen, film  production funding pledged (£200k)  Aug–Sept 2020 Sept 2020 Apr 2021 Key team and Heads of Department TT Race organisers April 27th – 1st day of Racer are engaged and a budget and confirm access and principal photography production schedule is produced for support for filming at 2021 planned filming in April-May 2021 Racer Investment Opportunity for Investors into our Film Production funding proposal

Angel/hnw/Private Investor Opportunity – £780,000 £3,057m We are thrilled to open this unique investment opportunity to Angel & HNW investors within the UK. A detailed recoupment schedule is attached to this IM for further information, however, a summarised model is provided below for information. The anticipated close date is 12th December 2020 and we will be holding investor meetings between now and then.

Angel/HNW/Private Investors £ 780 Day One – Investment Apr 21 £ (100,000) Distribution/Sales Advance £ 610 Return of capital from gross receipts £ 100,000 British Film Institute £ 500 +18 months UK Film Tax Credit £ 572 25% premium paid from gross receipts £ 25,000

Gap Funding/Production Loan £ 305 50% share of net profits Ongoing TBC Northern Ireland Screen Film Funding £ 200 Isle of Man Production Funding £ 60 Post Production Deal £ 30 Total Funding £ 3,057

As an investor in this film there are of course a range of other benefits on offer. We are happy to speak to individuals and companies during this fundraise in order to put together more bespoke packages and to make this movie making experience an inclusive and Racer rewarding experience for all involved. SUMMARY PRODUCTION BUDGET

1 X 90’ Production Budget Racer £3,050,000 (Budget – Subject to revision based upon the precise content of completed screenplay, schedule, locations and support/deferments) ABOVE THE LINE COSTS – 31% OVERALL BUDGET Development costs, writer, director, producers, artists (cast/stunts) £950,000 DESIGN COSTS –20% OVERALL BUDGET Art department, builds, dressing, action props,studio rental. locations, facilities, SFX £622,000 POST PRODUCTION – 9% OVERALL BUDGET All aspects of post-production including music + CGI £252,000 INDIRECT COSTS – 12% OVERALL BUDGET Bond fee, overheads, insurances, legals, production contingency etc £381,000 ALL OTHER COSTS – 28% OVERALL BUDGET Labour (all departments), technical equipment, wardrobe, travel/transport, hotel/living (ind. catering) etc £845,000

TOTAL £3,050,000

Racer financial projections

We are awaiting sales estimates from a distributor however, we have had an indicative view of gross sales of between £10 - £15m.

Final negotiations are currently underway with a distributor. These figures will be confirmed in the coming weeks once a distributor has been assigned. $98m

Comparable recently released films are Eddie the Eagle, Rush and Le Mans 1966.

EXAMPLE RECOUPMENT SCHEDULE LOW MID HIGH GOAL!

GROSS RECEIPTS 5,000,000 7,000,000 10,000,000 15,000,000

LESS COMMISSION & COSTS 2,432,500 3,057,500 3,995,000 5,557,500 ADJUSTED GROSS 2,567,500 3,942,500 6,005,000 9,442,500 $46m

LESS GAP OR PRODUCTION LOANS 426,476 426,476 426,476 426,476 LESS PRIVATE EQUITY INVESTORS REPAYMENT & PREMIUMS, PLUS BFI, NIS 1,738,906 1,738,906 1,738,906 1,738,906 LESS DEFERRED FEES/ BONUSES 400,000 400,000 400,000 400,000

NET PROFITS 2,118 1,377,118 3,439,618 6,877,118

50% TO PRIVATE EQUITY INVESTORS (PARRI PASSU) 1,059 688,559 1,719,809 3,438,559 50% TO PRODUCERS 1,059 688,559 1,719,809 3,438,559

$225m Racer ‘Tim Richards, the Vue chief executive, believes when some form of normality returns the cinema business will boom, with a glut of delayed releases to fill the schedule’

‘By 2022, we are going to be firing on all cylinders again as an industry,” Richards said. “And by 2023 we are going to be setting records again, particularly given the film slate. Once the Covid lid is lifted you are going to see record-breaking numbers come out because we know there is a pent-up demand.’ Racer We are now opening this unique opportunity to outside investment with the creative team holding virtual presentations during November 2020.

We intend on closing the investment round by 21st December 2020 with the first day of principal photography anticipated to be 1st May 2021.

A more detailed Investment Memorandum is available on request. Contact details for the creative team can be found below.

John L. Matthews [email protected]

Sheryl Trinh [email protected]

Ali MacPhail [email protected]

Racer appendix 1 RECOUPMENT SCHEDULE ‘WATERFALL’ Theatrical Non-theatrical Home Entertainment Television VOD Other income income income income income income       Gross receipts CAM (Collection Agent Management 5%k fee Sales agents commission, distribution + 1% commission up to 2m then 0.75% + Guild costs/trade association costs advance recoupment, distributor’s commission expenses capped at 1.5k per annum) (assume 0.5%) + expenses including P&A costs Adjusted gross receipts 1 Production loans or gap financier repaid + interest (TBC) Private equity film investors repaid 100% BR (British Film Institute) – if used – film NIS (Northern Ireland Screen) film 2 + 25% premium production funding repaid 100% production funding repaid 3 Deferments – 100% of ‘in budget’ deferred fees or bonuses 4 Completion bonder repaid any costs incurred to deliver (assume N/A) Net profits Producer’s 50% net profit share Private equity investor’s/BR – if used – 50% parri passu share

Producer’s net profits Writer’s Life rights Executive Other Producer’s net % share owner Producer’s share participants % share % share Racer