Slide 1: Elliptic Labs Presentation
Elliptic Labs Presentation May 27, 2021 AI software empowering the next billion devices 1
Slide 2: Disclaimer – Important Information
DISCLAIMER – IMPORTANT INFORMATION The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its content
Slide 3: Agenda
Agenda Introduction Financials Summary 3
Slide 4: Elliptic Labs develops smart software-sensors that use AI and ultrasound
Elliptic Labs develops smart software-sensors that use AI and ultrasound to sense you and your surroundings 4
Slide 5: Sensors touch every aspect of life and drive the digital transformation
Sensors touch every aspect of life and drive the digital transformation Our vision is to build the leading software platform for all sensors, making every device smarter and more environmentally-friendly 55
Slide 6: Today we are the ultrasound leader for consumer market
Today we are the ultrasound leader for consumer market Who Global AI software company with presence in Norway, Asia and USA AI Virtual software sensors for presence, 3D gestures and heartbeat What detection for consumer and automotive markets Deployed Our in 100M+ devices Well-invested and -develope
Slide 7: We enable critical user experiences for smartphone, laptop, IoT & automotive markets
We enable critical user experiences for the smartphone, laptop, IoT & automotive markets Virtual Smart Sensor Platform Making Sensors More Intelligent Proximity Presence Gesture Positioning Connection Breathing Heartbeat 7
Slide 8: Strengthened market opportunities
Strengthened market opportunities Tight supply chain impacts hardware sensor availability and pricing, improving our competitive advantage PC/LAPTOP/ MARKETS SMARTPHONE SMART TV IOT AUTOMOTIVE TABLET Total market size units 1.6B 460M 400M 1B++ 100M Time of Competing Hardware Infrared Sensor Time of
Slide 9: Smartphone market
Smartphone market More smartphone launches – added new customer 1.6B smartphones have a proximity sensor turning screen off/on when users are making calls: • Most smartphones are using hardware sensors for proximity, that we are replacing with our smart software sensors • Customers partner with us t
Slide 10: PC market is the next large vertical
PC market is the next large vertical 2020 PC/Laptop CPU Market Share 2020 PC/Laptop/Tablet Volumes (Revenue) (Millions of units - Mu) ~$300M Qualcomm $6.4B 87 Mu AMD ~$100M Lenovo Other 200,5 Mu Other 67,8 Mu HP $40B Intel 50.5 Mu Dell 20 Mu 16.2 Mu Huawei 16,4 Mu Acer *AMD does not separate revenue
Slide 11: PC market opportunity
PC market opportunity Positioned to be standard provider for presence detection Laptop OEMs want presence detection on all their devices: • Our software sensors meet both the price-point and performance needed to broadly deploy presence-sensing capabilities to all tiers of a laptop manufacturer’s pr
Slide 12: Aligning roadmaps with current and new chipset partners
Aligning roadmaps with current and new chipset partners for easier deployment of our solutions for joint customers Platform • Established partnership with Cadence, a leader in electronic design automation, optimized Elliptic machine learning algorithms on Cadence Tensilica HiFi DSPs. Jointly enablin
Slide 13: Go-to-market partners continue to progress
Go-to-market partners continue to progress Continued joint promotion and marketing to new and current customers and markets: • Smartphone • PC • SmartTV • SmartAppliances 13
Slide 14: Agenda
Agenda Introduction Financials Summary 14 14
Slide 15: Key Elliptic Labs KPIs per Q1 2021
Key Elliptic Labs KPIs per Q1 2021 # Number of granted and filed patents Cumulative number of partner-agreements 93 99 86 16 # Patents 77 15 70 41 45 # Of partner- (granted and 40 36 agreements filed) 38 9 7 general markets 46 52 54 41 32 4 2017 2018 2019 2020 Q1 2021 2017 2018 2019 2020 Q1 2021 Gra
Slide 16: 2021 Outlook
2021 Outlook • Significantly stronger top line Quarterly Revenue 30 (2020: NOK 45m) 25 • Positive EBITDA for the year 20 (2020: NOK -5m) NOKm 15 • Stronger second than first half 10 • Solid balance sheet with cash 5 position NOK 95m per Q1 2021 0 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 16
Slide 17: Clear path towards significant revenue uplift
Clear path towards significant revenue uplift • Revenue from smartphone to increase from new customers and new features to existing and new customers • Larger fixed volume contracts on units/devices – increases revenue certainty • Laptops are the largest revenue driver the nearest future as: OEM’s a
Slide 18: Shareholder Structure as per May 25, 2021
Shareholder Structure as per May 25, 2021 SHAREHOLDER NAME #Shares % SHAREHOLDER NAME #Shares % Passesta AS (Chairman, Tore Engebretsen) 1,194,416 12.4% Shares owned by Board of Directors 2,087,849 21,8 % MP Pensjon PK 890,093 9.3% Shares owned by Mgmt. and Employees 814,868 8,5 % Alden AS (Board Me
Slide 19: Agenda
Agenda Introduction Financials Summary 19
Slide 20: Elliptic Labs is well positioned for growth
Elliptic Labs is well positioned for growth ✓ Solid foundation for growth with software deployed at large scale in the smartphone market ✓ Launched on more smartphone models and added one large customer ✓ Strengthened partner collaborations with leading semiconductors for PC and IoT ✓ New office in