Slide 1: Think like a robot, perceive like a human
Creators of Think like a robot, perceive like a human.
Slide 2: Disclaimer
Disclaimer General "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been statements are predictions, projections and other
Slide 3: Disclaimer
Disclaimer Financial Information Additional Information and Where to Find It The financial and operating forecasts and projections contained herein represent certain estimates of AEye as of This Presentation relates to the Transaction. This Presentation does not constitute an offer to sell or exchan
Slide 4: Transaction Summary
Transaction Summary PIPE to facilitate CF Finance Acquisition Corp. III (“CFAC III”) business combination with AEye at a pre-merger valuation of $1.52 billion Transaction Highlights ▪ $232 million cash in trust from CF Finance Acquisition Corp III (Nasdaq: CFAC)(1) Transaction Size ▪ $225 million PI
Slide 5: Overview of Sponsor
Overview of Sponsor Cantor Fitzgerald, founded in 1945, is Cantor is the largest broker-dealer a leading Investment Bank led by a private partnership on Wall Street highly experienced executive team in with over $300 trillion of financial Howard Lutnick, Chairman and CEO transactions annually coveri
Slide 6: Experienced Senior Leadership Team
Experienced Senior Leadership Team Blair LaCorte Luis Dussan Bob Brown Rick Tewell Dr. Allan Steinhardt Jordan Greene CEO Founder & CTO CFO COO Chief Scientist Founder & VP of Corp. Dev. 35+ years public and 25+ years electro-optics 30+ years public and 30+ years of 35+ years electro-optics 10+ year
Slide 7: Backed by Leading Strategic Investors
Backed by Leading Strategic Investors Financial Partners OEMs Technology Investors Creators of Think like a robot, perceive like a human. 7
Slide 8: Differentiated Technology and Approach
Differentiated Technology and Approach Founded in 2013 to create AI-driven sensing systems that perform better than the human eye and visual cortex – focusing on information that matters Key Principles of Differentiated Approach ▪ Modular architecture leveraging mature components ▪ Edge processing e
Slide 9: Delivering Groundbreaking Capabilities and Performance
Delivering Groundbreaking Capabilities and Performance AEye’s patented sensor platform delivers real-time integration of high-performance LiDAR and HD cameras – exceeding industry requirements for performance, reliability and cost Creators of Think like a robot, perceive like a human. 9
Slide 10: Recipient of Prestigious Industry Awards
0 Recipient of Prestigious Industry Awards \ \ AI 50 \ Most Innovative Autonomous America’s Most Promising Most Innovative Sensor Driving Platform Artificial Intelligence Technology 2019 Companies 2019 AE110 – Winner \ Outstanding Innovation in LiDAR Award \ \ \ Most Exciting Start-Up 2018 \ Creator
Slide 11: Investment Highlights
Investment Highlights Massive Market Opportunity P ▪ Broad adoption of LiDAR for automotive, industrial, and mobility applications ▪ $42+ billion TAM opportunity by 2030(3) Select Strategic Differentiated Technology Automotive Partners(1) P ▪ Single modular hardware platform to address all markets ▪
Slide 12: Massive Market Opportunity
Massive Market Opportunity Creators of Think like a robot, perceive Creators likeof a human. Think like a robot, perceive like a human. 12
Slide 13: AEye LiDAR Will Drive Adoption Using Edge Intelligence
AEye LiDAR Will Drive Adoption Using Edge Intelligence Like a military targeting system, AEye’s intelligent sensor identifies and focuses on relevant objects Intelligent Detection and Ranging 1. Search Everywhere 2. Revisit Critical Objects 3. Acquire and Classify 4. Track What Matters Creators of T
Slide 14: LiDAR Will Be Everywhere
LiDAR Will Be Everywhere Large ADAS commitments expected in the next 18 months will drive down component costs and establish the foundation for AEye’s growth across other markets Automotive Industrial & Mobility Foundational market for LiDAR Use cases across numerous large addressable markets ADAS T
Slide 15: Differentiated Technology
Differentiated Technology Creators of Think like a robot, perceive Creators likeof a human. Think like a robot, perceive like a human. 15
Slide 16: AEye System Design is Modular and Adaptive
AEye System Design is Modular and Adaptive Proprietary system architecture enables high performance 1 2 3 Modular Hardware Design AEye Software on a Chip Standalone Software Modules Camera AEye Design Partner Algorithms Pose Drivable Path Estimation AEye Design Laser 3D Object Agile SLAM Detection T
Slide 17: AEye's Platform – Elegant Design Employing Embedded AI
AEye’s Platform – Elegant Design Employing Embedded AI Core building blocks enable real-time intelligence processed at the edge Fiber Laser – Amplifiable Energy Advanced Receiver – Strong Signal • 1550nm eye safe laser • Bistatic design (1cm to 1000m) • Optimal photon budget (100x 900nm lasers) • Pi
Slide 18: Solving the Most Difficult Industry Challenges
Solving the Most Difficult Industry Challenges Intelligent sensing allows AEye to see better in the highest risk situations P Long Range P High Resolution P Low Latency Small Object Hidden Complex Animal at Distance Pedestrian Traffic Crossing P Software Configurable P Edge Artificial Intelligence P
Slide 19: Detection of Small Hazardous Objects
Detection of Small Hazardous Objects Creators of Think like a robot, perceive like a human. 19
Slide 20: Ensuring Pedestrian Safety
Ensuring Pedestrian Safety Creators of Think like a robot, perceive like a human. 20
Slide 21: AEye Platform Delivers Superior Detection & Acquisition
AEye Platform Delivers Superior Detection & Acquisition Company A Company B Company C Company D 1. Core Platform Laser Wavelength 1550nm 1550nm 905nm 905nm 880nm Software Configurable ✓ ✓ ✓ Artificial Intelligence on the Edge ✓ Automotive Grade ✓ ✓ ✓ 2. LiDAR Specifications (Search)
Slide 22: Partnering with the Automotive Industry to Drive Mass Adoption of LiDAR
Partnering with the Automotive Industry to Drive Mass Adoption of LiDAR Creators of Think like a robot, perceive Creators likeof a human. Think like a robot, perceive like a human. 22
Slide 23: Unique Business Model Leveraging a Common Product Platform
Unique Business Model Leveraging a Common Product Platform Channel Model for Automotive and Direct Sales for Industrial and Mobility Tier 1 Partners OEMs Automotive (ADAS) Auto Grade Tier 2 Suppliers Shuttles Laser Scanner ITS Receiver SoC Software Delivery Rail ✓ Single Product Platform Industrial
Slide 24: AEye Selected as Continental's Long-Range LiDAR Partner
AEye Selected as Continental’s Long-Range LiDAR Partner Continental Partnership Status • Selected by Continental to meet premium OEM requirements • Automotive product line targeted launch in 2024 • Planning manufacturing line ADAS supplier to 25 OEMs, • Applied engineering, operations and sales reso
Slide 25: Financial Overview
Financial Overview Creators of Think like a robot, perceive Creators likeof a human. Think like a robot, perceive like a human. 25
Slide 26: Large and Rapidly Growing Projected Market Opportunity
Large and Rapidly Growing Projected Market Opportunity ’25-’30 LiDAR TAM Illustrative Use Cases > $42bn CAGR Automotive (ADAS) ADAS opportunities over the next 3 years are expected 43% to drive revenue $18bn over the next Passenger Commercial 8-10 years Industrial 11% $14bn $17bn Rail Mining Aerospa
Slide 27: Projecting High-Growth Revenue Opportunity
Projecting High-Growth Revenue Opportunity Commentary Revenue ($ in millions) ▪ Series production wins generate ADAS licensing revenue starting in 2024 $605 ▪ ADAS revenue driven by licensing/royalties from our Tier 1 partners ▪ Near-term growth primarily from Industrial and Mobility markets $290 ▪
Slide 28: Attractive Projected Profitability & Cash Flow Growth
Attractive Projected Profitability & Cash Flow Growth Commentary Gross Profit ($ in millions) 84% ▪ Industry-leading gross margins and Gross Profit 79% 82% EBITDA margins Gross Margin $509 ▪ Substantial BOM cost reduction $237 expected over the next 5 years as $126 volume ramps $0 $3 $17 2021E 2022E
Slide 29: Robust Financial Profile
Robust Financial Profile Summary Financials ($ in millions) 2021E 2022E 2023E 2024E 2025E 2026E Revenue $3 $12 $34 $159 $290 $605 %YoY Growth 69% 362% 179% 363% 82% 109% Gross Profit $0 $3 $17 $126 $237 $509 % Margin 7% 27% 49% 79% 82% 84% Selling, General & Administrative $25 $24 $37 $45 $52 $60 Re
Slide 30: Transaction Summary – Pro Forma Equity Ownership
Transaction Summary – Pro Forma Equity Ownership ($ in millions, unless otherwise stated) Sources & Uses Pro Forma Valuation Sources Uses SPAC Cash in Trust $232 AEye Rollover Equity $1,526 Pro Forma Shares Outstanding 204.4 PIPE Capital $225 Deal Expenses $50 Equity Value $2,044 Debt Repayment $16
Slide 31: Think like a robot, perceive like a human
Creators of Think like a robot, perceive like a human.