Valens Semiconductor Ltd. · NYSE:VLN

Valens Semiconductor — Investor Day (December 2024)

43 slides from Valens Semiconductor's investor day presentation, Dec 23, 2024

  1. Slide 1: Investor Day Tel Aviv 23.12.24

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  2. Slide 2: Forward-Looking Statements

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  3. Slide 3: Forward-looking statements continued

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  4. Slide 4: Non-GAAP and GAAP

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  5. Slide 5: Dr. Peter Mertens, Chairman of the Board

    Wratens Dr. Peter Mertens Chairman of the Board Valens Semiconductor Wratens

  6. Slide 6: wr 71740 pan ann

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  7. Slide 7: TV TVW T1191 TV

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  8. Slide 8: N/V AANA OA ONIN WANA

    N/V AANA OA ONIN WANA Valens

  9. Slide 9: JUTING AT INN 3117119 b 1177

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  10. Slide 10: Valens

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  11. Slide 11: 117Y AMNXT NADIR

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  12. Slide 12: Founding companies

    ‫החברות המייסדות‬ ‫▪‬ ‫▪‬ ‫▪‬

  13. Slide 13: Video conferencing devices market $350M

    ▪ $400 $350 ▪ $300 ▪ $250 $200 ▪ $150 $100 $50 $- 2024 2025 2026 2027 2028 2029 $350M 1 Future source: Conference Cameras Outlook, Aug 2021; Frost and Sullivan: State of the Global Video Conferencing Devices Market, Dec 2023 2 Frost and Sullivan: State of the Global Video Conferencing Devices Market

  14. Slide 14: A group of people in a room Description automatically generated

    A group of people in a room Description automatically generated

  15. Slide 15: 1900 wa nindin n1n7xXn

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  16. Slide 16: Valens

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  17. Slide 17: A-PHY

    A-PHY Platform Vendors Camera & Radar Module Vendors IP & Development Tool Vendors Silicon & SIP Vendors 4

  18. Slide 18: Automotive market $4.5B

    $5,000 $4,500 ▪ $4,000 ▪ $3,500 $3,000 ▪ $2,500 ▪ $2,000 $1,500 $1,000 $500 $- 2024 2025 2026 2027 2028 2029 $4.5B Source: S&P Autonomy Level (Sales) Data, Jan 2023

  19. Slide 19: The MIPI A-PHY ecosystem

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  20. Slide 20: INA NVwWyNin W1wWI Ninn Nin7xXn

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  21. Slide 21: Industrial machine vision market $460M

    $500 $450 $400 $350 ▪ $300 ▪ $250 ▪ $200 $150 $100 $50 $- 2024 2025 2026 2027 2028 2029 $460M 1 Imaging for Industrial – Machine Vision 2024, Yole Intelligence; custom research, PwC, Apr 2024

  22. Slide 22: 2024 Investor Day - D3 Embedded

    WWvalens NYSE (VLN) 2024 Investor Day Scott Reardon, CEO D3 Embedded

  23. Slide 23: Endoscope devices market

    ▪ ▪ ▪ 1 Endoscope devices, Grand View Research, Feb 2024; custom research, PwC, Apr 2024

  24. Slide 24: JWR WD INR 111217119

    JWR WD INR 111217119 vs100 11D VvS2000 7111D VAGO0OO 31NTD Vvs3000 711TD VA7000 31TD VS6320 -1 1aw TAN ow nw usB rn navi WR WRI 197 Tw NTT IT TING AND Wwn7 oxin 11w mwarr wna MET-VTINA Iw Wy owIN owe waXNn drain mdwnd yavin HDMI 2.0 Way DInNT W1'N7 MIP! A-PHY OMNI) OVI] 71 WNIT 1717 NX ANAT pinna mw

  25. Slide 25: TVTNIN T0119 11470

    TVTNIN T0119 11470 “Valens

  26. Slide 26: Revenue 2019 to 2029

    $100 $90.7 $90 $84.2 $16.2 $80 $70.7 $70 $26.8 $7.9 $60.0 $56.9 $60 $1.0 $50 $2.1 $41.2 $40 $74.5 $62.8 $16.6 $30 $59 $54.8 $57.4 $41.2 $20 $24.6 $10 $0 2019 2020 2021 2022 2023 YTD Sep 2024 2029

  27. Slide 27: Annual and quarterly revenue

    $30 $25 $24.2 $23.5 $23.9 $23.1 $100 $22.5 $21.6 $21.9 $90.7 $20.7 $3.5 $3.7 $90 $84.2 $4.1 $20 $19.1 $7.5 $8.7 $2.2 $16.2 $4.9 $6.1 $80 $17.5 $2.0 $16.0 $70.7 $70 $26.8 $2.0 $7.9 $15 $60.0 $14.2 $13.6 $60 $56.9 $13.4 $1.0 $6.6 $1.7 $11.6 $50 $2.1 $4.5 $5.5 $41.2 $10 $20.0 $19.4 $4.4 $40 $18.6 $18.4

  28. Slide 28: Margins by year

    1.7% 3.7% 11.2% 17.9% 31.8% 40.3% 100% 79.0% 76.4% 80% 80.8% 71.6% 69.9% 79.5% 77.9% 78.4% 77.1% 98.3% 73.9% 62.5% 96.3% 58.8% 88.8% 82.1% 60% 68.2% 59.7% 40% 36.2% 30.7% 31.1% 20% 21.2% -26.4% -6.3% 0% 2019 2020 2021 2022 2023 YTD Sep 2019 2020 2021 2022 2023 YTD Sep 2019 2020 2021 2022 2023 YTD Se

  29. Slide 29: Customer concentration

    Customer A 16% Customer A Other 17% 34% Other 35% Customer B 6% Customer B 11% Customer C 8% Customer C Customer D 8% 8% Customer H Customer E Customer D 7% 1% Customer H 8% 5% Customer G Customer F Customer E 7% Customer G Customer F 13% 2% 7% 5%

  30. Slide 30: 41.2 16.0 13.6 11.6 84.2 24.6 9.4 8.1 7.2 57.4 16.6 6.6 5.5 4.4

    41.2 16.0 13.6 11.6 84.2 24.6 9.4 8.1 7.2 57.4 16.6 6.6 5.5 4.4 26.8 58.8% 56.4% 61.4% 59.0% 62.5% 73.9% 70.2% 75.4% 77.2% 77.1% 36.2% 37.0% 40.9% 29.1% 31.1% (17.4) (5.1) (5.2) (7.1) (10.3) (0.28) (0.10) (0.08) (0.10) (0.19) 16.0-16.3 ▪ 57.2-57.5 ▪ 58.0%-62.0% ▪ 58.0%-60.0% ▪ ▪ ▪ (4.9)- (4.0) (22.3

  31. Slide 31: ‫‪200‬‬ ‫‪180‬‬ ‫‪174.4‬‬ ‫‪30.0‬‬ ‫‪200.0‬‬ ‫‪160‬‬ ‫‪148.4‬‬ ‫‪183.3‬‬ ‫‪142.0‬‬ ‫‪180.0‬‬ ‫‪133.1‬‬ ‫‪163.7 158.8‬…

    ‫‪200‬‬ ‫‪180‬‬ ‫‪174.4‬‬ ‫‪30.0‬‬ ‫‪200.0‬‬ ‫‪160‬‬ ‫‪148.4‬‬ ‫‪183.3‬‬ ‫‪142.0‬‬ ‫‪180.0‬‬ ‫‪133.1‬‬ ‫‪163.7 158.8‬‬ ‫‪140‬‬ ‫‪25.0‬‬ ‫‪23.8‬‬ ‫‪160.0‬‬ ‫‪120‬‬ ‫‪140.0‬‬ ‫‪136.1‬‬ ‫‪20.0‬‬ ‫‪100‬‬ ‫‪120.0‬‬ ‫מיליונים‬ ‫מיליונים‬ ‫מיליונים‬ ‫‪80‬‬ ‫‪15.0‬‬ ‫‪13.8‬‬ ‫‪100.0‬‬ ‫‪11.7‬‬ ‫‪80.0‬‬ ‫‪60

  32. Slide 32: 6-9 36-60 6-12 9-12 60-72 0 12 24 36 48 60 72 84 96

    6 6-9 36-60 0 12 24 36 48 60 72 84 96 108 120 6-12 9-12 60-72 0 12 24 36 48 60 72 84 96 108 120 12-18 24-30 60-72 0 12 24 36 48 60 72 84 96 108 120

  33. Slide 33: ADAS, Deployment & Single Use Endoscopy

    ADAS Deployment & Single Use Endoscopy ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

  34. Slide 34: ‘Welcorvie!

    ‘Welcorvie! Wratens - 7m nv7 0110 nNwNn 2025 NWN ‘7Nn ANNA 65%-75% "N'A NII mmnin ON 7 XM NINA aD ® NI V7"V1 ,VS632071 Tw YIN * WTA TINw VIN - eT aw iw nz * rani aAovnA omMNn. or7n TATTI-1 T1NG 71 mp1971 $90-$100 $31.8-$32! mpidn "ay 2029 2024 Jrnewyna NAwninnA AMR INT 11 Mw OMEN M0397 71017"

  35. Slide 35: -71nin ANY7 NVoINA NNyN

    -71nin ANY7 NVoINA NNyN TNIV WYN NAWNINN AX) 2027 -2026 N1W1 ANNA 55% - 65% N14 NIN mmnin IW 131 VS63207 11W YIN'X * "X17 7711 VA7000 Trnvewynn nawninnn or7n mp1 $35-$50 $1 — monn "ax 2029 2024

  36. Slide 36: Wratens

    Wratens - 71m nvb7 n01779 nNwn 2027-2028 D1W1 NNT 35% - 45% "714 N11 mmnin ADAS*DD1IN O'7TIN Non * A-PHY]7N YIN'X ® or7n 15) m01971 $65-$110 $21.4-$21.5 mpi "ay 2029 2024

  37. Slide 37: Acroname acquisition

    NWI OAlN MINX W971 -“- ACRONAME TUNTANN 177711 WYNN 11141713991 XIN :bninnA onw1n mavwyn D"7W "YNNX INIT NT TIN opin maw yTn1 (WET TINA 71WI ATAYA NX PNW7 91717 WARXN 2parwD Acroname 7W 11j7"727 DATA AMIN mTWVIA SOY T1097 W717 WN 3: 7yN -(2024 111711 ON 7) :2024 11971 Wratens MIDIDDR .S =e } nrro770

  38. Slide 38: TBD TBD

    65%-75% 2025 90–100 31.5-31.6 55%-65% 2026-2027 35–50 1.0 35%-45% 2027-2028 65–110 21.4-21.5 50%-60% 2025-2026 30–40 3.3-3.4 (*) TBD 2027-2028 TBD 50%-60% $220–$300 $57.2-$57.5 15%-20%

  39. Slide 39: Wratens

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  40. Slide 40: Latest News

    Latest News: an all-cash transaction valued at $242.5 million NXP to Acquire Automotive Networking Pioneer Aviva Links, Accelerating ▪ Asymmetrical ASA Multi- Gigabit Connectivity in ▪ Software – Defined Vehicles ▪

  41. Slide 41: BWIA TNIV NmMmN

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  42. Slide 42: Wmtin

    Wmtin

  43. Slide 43: Quarterly data Q1/23 to Q3/24

    Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 15,793 14,934 8,338 13,527 6,815 8,344 9,045 58 118 114 121 116 180 446 187 197 198 207 231 243 238 16,038 15,249 8,650 13,855 7,162 8,767 9,729 -5,377 -4,582 -12,492 2,790 -10,042 -8,869 -10,355 379 414 400 439 456 480 823 3,822 3,987 3,708 3,509 3,764 3,73

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