Arbe Robotics Ltd. · NASDAQ:ARBE
Arbe Robotics — Q3 2022 Earnings Presentation
22 slides from Arbe Robotics's earnings presentation, Nov 14, 2022
Slide 1: Q3 2022 Earnings
Radar Revolution. Delivered. Q3 2022 Earnings
Slide 2: Disclaimer
v Disclaimer This presentation and the earnings call contain "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "int
Slide 3: Moving Into Mass Production Phase
Moving Into Mass v Production Phase A mass quantity preliminary order from Hirain, a leading Chinese Tier 1 supplier. v v Moving Arbe into the mass production phase. 3 3
Slide 4: Securing Resilience in Current Market Conditions
Securing Resilience in Current Market Conditions v Focusing on Reducing driver assistance costs v v and safety Ensuring we are prepared for the longer time frames of L2+ and L3 4
Slide 5: Impact via Tier 1 Partnerships
Impact via Tier 1 Partnerships v Tier 1 • Innovative radar algorithms Breakthrough Imaging • Radar system development Radar Chipset • Tech integration for OEMs v v • Go to market Advanced radar systems providing unrivalled safety to the industry 5
Slide 6: Tier 1 Partnerships: Veoneer
Tier 1 Partnerships: Veoneer A world leader in automotive safety Chris Van Dan Elzen EVP of Radar Product Area Chose to partner with Arbe after five years of extensive research among 4D radar chipset developers across the globe. 6
Slide 7: Veoneer quote on radar market growth
Veoneer is now passing 50M radars produced and we see the overall market growing to roughly 250M per year by the end of the decade. As this market grows overall and the imaging radar segment of the market rapidly grows within it, we are looking forward to the journey together with Arbe.” CHRIS VAN D
Slide 8: Tier 1 Partnerships: Valeo
Tier 1 Partnerships: Valeo The world’s leading ADAS tier-1 player Martin Mandry Vice President Ranging Sensors Selected Arbe’s chipset for their radar systems. 8
Slide 9: Tier 1 Partnerships: Weifu Group
Tier 1 Partnerships: Weifu Group Weifu High Technology Group, a major tier 1 supplier in the Chinese automotive market Mr. Xu Yunfeng President China, the largest vehicle market in the world, is leading the way toward an autonomous vehicle future Developing radar systems based on Arbe’s chipset. 9
Slide 10: China vehicle and imaging radar market estimate
v We estimate there will be 33M vehicles manufactured in China in 2030. Over 40% of the new vehicles will be equipped with radars, of which, 20% will use next Radar Revolution. Delivered. generation imaging radar. v v We believe Weifu with Arbe’s chipset will assume a leadership position at 15-20% s
Slide 11: Tier 1 Partnerships: HiRain Technologies
Tier 1 Partnerships: HiRain Technologies • A leading Chinese ADAS tier-1 supplier • - Expects to reach full mass production by 2023 • Placed a preliminary order for 340,000 chipsets • - A significant step toward moving Arbe into the • mass production phase • Selected by the Port of RiZhao in Shandon
Slide 12: Tier 1 partners broaden our outreach and accelerate our path to market
Tier 1 partners broaden our outreach and accelerate our path to market 12
Slide 13: Market Recognition
Market Recognition v Lynx - industry’s 1st Surround Imaging Radar v v AutoSens Award 2022 Hardware Development of the Year 13
Slide 14: Proactively Adjusting to Market Dynamics
Proactively Adjusting to Market Dynamics v Prepared for global uncertainties via focus on safety and Tier 1 v v relationships 14
Slide 15: Financial Results
Radar Revolution. Delivered. Financial Results Q3 2022 15
Slide 16: Revenue
Revenue v Revenue ($M) Gross Margin 1.3 72.5% v v 0.6 30.3% Q3 2021 Q3 2022 Q3 2021 Q3 2022 16
Slide 17: Profitability
Profitability v Expenses ($M) Net Loss ($M) Adjusted EBITDA ($M)* Includes Includes $5.0M ($1.0M) 11.8 financial financial -2.7 expenses income -3.3 -3.7 -4.1 v v 8.5 -6.4 -8 -8.6 -8.4 -9.9 -9.5 8.6 7.4 -13.3 -12 Q3 2021 Q3 2022 Q3 2021 Q3 2022 Q2.20 Q3.20 Q4.20 Q1.21 Q2.21 Q3.21 Q4.21 Q1.22 Q2.22 Q
Slide 18: Balance Sheet | Sep 30, 2022
Balance Sheet | Sep 30, 2022 v $ 63.2M v v Cash and cash equivalents with no debt. 18
Slide 19: Guidance
Guidance v $ Revenue 4M-$7M v v ($ 34M)-($38M) Adjusted EBITDA* 19 * Adjusted EBITDA - a Non-GAAP measurement, which excludes expenses for non-cash share-based compensation and for non-recurring items.
Slide 20: The State of The Automotive Industry Chat
The State of The Automotive Industry Chat v Thilo Koslowski , Board Member, Arbe Previous positions: Porsche Digital | Founder and CEO Gartner Group | founder and VP of automotive v v Kobi Marenko, CEO, Arbe 20 20
Slide 21: Q&A
v Radar RadarRevolution. Revolution.Delivered. Delivered. v v Q&A Q3 2022 21
Slide 22: Thank You
v Radar Revolution. Delivered. Thank v v You investors@arberobotics.com 22