Saverone 2014 Ltd. · TASE:SVRE-L
Saverone 2014 — Investor Presentation (June 2024)
27 slides from Saverone 2014's investor presentation, Jun 3, 2024
Slide 1: VRU solution – pitch deck
VRU solution – pitch deck Making roads safer for drivers, passengers, and pedestrians
Slide 2: Legal notice
Legal notice 2 This investor deck contains forward - looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . All statements other than statements of historical fact in this deck are forward - looking statements, including but not
Slide 3: We are SaverOne
Israel Headquarters 2014 Year Founded SVRE Nasdaq & TASE listed since 2020/22 50+ Employees 100+ A c ti v e C u s t o m e r s 20+ diverse IP Portfolio registered & pending We are SaverOne 3 3
Slide 4: Focus of this pitch
Focus of this pitch In - cabin driver distraction prevention Driver safety solution designed to combat distracted driving by identifying and monitoring cell phones located in the driver’s vicinity and selectively blocking distracting apps Vulnerable Road User safety solution Detection & localization
Slide 5: Our experienced leadership team
Our experienced leadership team V P R & D C T O Senior Manager D i r e ct o r o f Finance D i sc l osu r e & Reporting controller Ori Gilboa Chief Executive Officer Yossi Cohen Chief Operating Officer & C o - Found e r Yoav Zilber Head of Business Development Aviram Meidan V i c e P res i d e n t Re
Slide 6: Vulnerable road users (VRU) require special attention & protection
6 Vulnerable road users (VRU) require special attention & protection Non - motorised road users such as pedestrians (especially children), cyclists, motor - cyclists and persons with disabilities/ reduced mobility & orientation are unprotected in case of collisions Source: European commission
Slide 7: Vulnerable road users are still at risk today
7 Despite developments in vehicle safety, vulnerable road users (VRUs) are still at risk today Distribution of deaths by road user type, globally 2 3 % 3 0 % Powered 2/3 wheelers 21% 6% Cyclist Pedestrians 4 - w hee l e r s Others 1 21% ~1.2mn road traffic fatalities p.a. Source: Global status repor
Slide 8: Existing sensors cannot detect VRUs in non-line-of-sight
8 Existing sensors today… … cannot detect VRUs in non - line - of - sight Detection of potential VRU is blocked by bus stop – no information about VRU and potential collision can be provided to driver While the industry is aware of the issue, current solutions cannot detect VRUs in non - line - of -
Slide 9: Watch a video of how it works
9 W a t c h a v i de o of ho w i t w o r k s - 1 0 7 . 7 d Bm - 5 7 . 4 d Bm RF ray power scale index A ca r a pp r o ac h e s t h e 1 crosswalk Pedestrian at bus stop, in non - line - of - sight of vehicle 2 6 SaverOne algorithm issues information to vehicle ECU in case of potential collision RF si
Slide 10: RF-based sensor could detect rear overtaking vehicles or VRUs in the future
Our radiofrequency - based sensor could even detect rear overtaking vehicles or VRUs in the future 1 - 0 1 0 7 . 7 d Bm - 5 7 . 4 d Bm RF ray power scale index A tr uck cha n ges l anes to pass another truck in adverse weather 1 SaverOne algorithm calculates vector information to vehicle ECU 4 of mo
Slide 11: VRU solution detects VRUs around corners or hidden by obstacles
The VRU solution can specifically detect VRUs around corners or hidden by obstacles – and in the future, also rear blindspots Blind spot detection Detection of cars and VRUs in blind - spots (especially relevant for trucks or in poor weather/ lighting) VRUs around corners Pedestrian approaching road
Slide 12: No other sensor set-up today can do this
No other sensor set - up today can do this – our solution is required to detect VRUs in non - line - of - sight Individual sensors L i D A R Rada r Ca m e ra R F VR U so l u t i o n Radar + L i D A R + camera Safety use case Radar + ca m e ra + Rada r + camera VRU in non - line - of - sight 1 1 1 Re
Slide 13: The VRU solution in a nutshell
The VRU solution in a nutshell Technical details Detection, classification, localization, tracking of VRUs and notification of driver in case of potential collision Reception and analysis of radiofrequency signals 1 Operating range up to 150 meters Capacity Up to 50 phones High accuracy with <1 mete
Slide 14: The VRU solution in a nutshell (alternative 2)
The VRU solution in a nutshell Technical details Detection, classification, localization, tracking of VRUs and notification of driver in case of potential collision Reception and analysis of radiofrequency signals 1 Operating range up to 150 meters Capacity Up to 50 phones High accuracy with <1 mete
Slide 15: Our VRU solution addresses a new market of ~1.5bn USD in 2035
15 Our VRU solution addresses a new market of ~ 1.5 bn USD in 2035 2035 0 .4 1 .5 +54% p.a. 2035 TAM 2 consists of…. Source: Market model, expert survey, expert interviews Global automotive RF - sensor market for VRU detection 1 , in USDbn ~ 31m passenger cars light commercial vehicles tr u cks ~ 3
Slide 16: We address core pain points of our customers
16 We address core pain points of our customers Core value proposition Passenger car OEMs S tro n g a pp l i c a bi l i ty f or c u s tomer L i mited a pp l i c a bi l i ty f or c u s tomer N o a pp l i c a bi l i ty Truck & Bus OEMs Robo - taxis Enhanced safety, improving value and selling proposit
Slide 17: Target customers show a high willingness to pay
17 Target customers show a high willingness to pay for a new sensor technology like ours Source: Expert survey with n = 24 Premium OEM Mass - market OEM Tier - 1 s u ppl ier Truck company Bus company R o b o - taxi 1 0 0 U S D 2 0 0 U S D “ If there was a working VRU detection sensor, there would fo
Slide 18: The VRU solution could save insurance claim costs
18 The VRU solution could save insurance claim costs of up to ~ 260+ USD over the lifetime of a passenger car 7x Potential value of up to ~ 1,875 USD on average for taxis generally given higher utilization and even further upside for robotaxis due to no breaks required 3 0 x Potential value of up to
Slide 19: There is no direct competition
There is no direct competition – our solution is the only one that protects VRUs even if they do not have an app W o r ks w i t ho u t a n a pp f o r t he VR U No i n s t a ll a t i o n r e q u i r e d o n VR U - e n d e . g . , s p eci f i c a pp , m a p s apps, or firmware package 1 Independent of
Slide 20: Revenue potential of >480m USD by 2035
We have strong ambitions and estimate a revenue potential of >480m USD by 2035 11m Sensors sold 2035 2028 First revenues 1 ~ 160 ~ 485 +49% p.a. ~30% Gross margin 2035 51M NPV 3 , in USD Business plan Revenues , in USDm 2030 Profitability reached 2 20 ~ 30 2028 30 2035 1. From premium passenger cars
Slide 21: We will spin-off the VRU business into a separate entity
We will spin - off the VRU business into a separate entity – and are looking for a financial investment to support product development Strategic partner 1 21 N e w Co VRU 1. Will contribute technical expertise (e.g., chip design, sourcing, industrialization, manufacturing, logistics), commercial exp
Slide 22: We are ready to start, and will get the product MVP to customers in 2025
We are ready to start, and will get the product MVP to customers in 2025 Hardware production with a partner Q1 2025 Demo & testing mid - 2025 MVP demo to customers Project initiation Si m ulation First customer feedback This approach seems very interesting I could imagine installing the VRU solution
Slide 23: We need ~35m USD to develop the commercial VRU solution
We need ~ 35m USD to develop the commercial VRU solution and win first customers 4 2 23 F und i ng need in USDm Marketing & Sales General and administrative cost Capital need until product commercialization 2028 35 • Business development and first sales activities • Project management • Build - up o
Slide 24: Investment highlights in a nutshell
24 Investment highlights in a nutshell 1.5bn USD Market opportunity 1 st ADAS sensor to look beyond line - of - sight >485m USD Revenue opportunity 2035 24 ~30bn USD Annual economic cost of VRU injuries in US & EU 1 >50 USD Willingness to pay by OEM customers 2 ~59m USD EBITDA opportunity 2035 Sourc
Slide 25: APPENDIX
25 APPENDIX S SAVERONE
Slide 26: Our product is addressing the market for active safety and ADAS/AD
Our product is addressing the market for active safety and ADAS/AD Passive Safety Active Safety SAE levels 1 2 2 + 3 4 5 Examples of systems Occupants Airbag Adaptive Cruise Control Automatic emergency braking system Car - to - Car Lane Centering Mitigation of impact of collisions for Avoidance of c
Slide 27: Our VRU solution addresses the most important unsolved problems in vehicle safety
27 Our VRU solution addresses the most important unsolved problems in vehicle safety Largest unsolved problems in vehicle safety today, (5 being highest) Road infrastructure C y bersecu r i t y E m e r gen cy R esponse 3.1 Driver distraction and inattention 2.8 Safety assist (active safety and ADAS