Slide 1: Neonode Inc. Second Quarter 2021 Presentation
Neonode Inc. Second Quarter 2021 Presentation Dr. Urban Forssell, CEO Mr. Fredrik Nihlén, CFO Mr. David Brunton, Head of Investor Relations August 11, 2021
Slide 2: Disclaimer
2 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Disclaimer This presentation contains oral and written statements of Neonode Inc. (“Neonode” or the “Company”) and its management and ma y contain, forward-looking statements within the meaning of the Private Securities Litigation Reform
Slide 3: Introduction
3 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Introduction
Slide 4: Team On This Call
4 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Team On This Call Dr. Urban Forssell CEO Mr. David Brunton Head of IR Mr. Fredrik Nihlén CFO
Slide 5: Fredrik Nihlén
5 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Fredrik Nihlén Previous Positions: Finance Director Nordics Group CFO Head of Finance Finance need to be a true business partner Transform data to information driven decisions Always strive be more effective and develop
Slide 6: Summary and Highlights
6 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Summary and Highlights • We continue to execute on our strategies and build our business pipeline • The COVID - 19 pandemic still negatively impacts our business, but despite this we continue our growth journey • Sales revenues during th
Slide 7: 2Q 2021 Financials Update
7 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 2Q 2021 Financials Update
Slide 8: 2Q 2021 Financial Update – Revenues
8 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 2Q 2021 Financial Update – Revenues 0 200 400 600 800 1,000 1,200 AMER APAC EMEA AMER APAC EMEA AMER APAC EMEA AMER APAC EMEA AMER APAC EMEA AMER APAC EMEA Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Thousands Revenues by Revenue Stream and Regi
Slide 9: 2Q 2021 Financial Update – Operating Expenses
9 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 2Q 2021 Financial Update – Operating Expenses -4,000 -3,500 -3,000 -2,500 -2,000 -1,500 -1,000 -500 0 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Thousands Operating Expenses OPERATING EXPENSES $3.3 million 38% YoY
Slide 10: 2Q 2021 Financial Update – Gross Profit/Margin
10 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 2Q 2021 Financial Update – Gross Profit/Margin 0% 20% 40% 60% 80% 100% 120% 0 500 1,000 1,500 2,000 2,500 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Thousands Gross Profit/Margin Total Gross Profit Gross Margin GROSS MA
Slide 11: 2Q 2021 Financial Update – Cash
11 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 2Q 2021 Financial Update – Cash NET CASH BURN OPERATING ACTIVITES $1.4 million 29% QoQ CASH AND ACCOUNTS RECEIVABLES $7.8 million $4.4 million H1 -2,500 -2,000 -1,500 -1,000 -500 0 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q
Slide 12: Strategy and Business Update
12 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Strategy and Business Update
Slide 13: VISION: To transform the way humans interact with machines
13 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 VISION: To transform the way humans interact with machines
Slide 14: Application Areas and Market Focus
14 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Application Areas and Market Focus TOUCH OBJECT DETECTION CONTACTLESS TOUCH GUESTURE CONTROL SCENE ANALYSIS ELEVATORS INTERACTIVE KIOSKS MEDICAL MILITARY & AVIONICS INDUSTRIAL AUTOMATION DIGITAL SIGNAGE AUTOMOTIVE CONSUMER ELECTRONICS M
Slide 15: What Is Contactless Touch?
15 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Contactless, but “touch - like”, interaction with displays, keypads, buttons and holographic images. With our Touch Sensor Modules natural, easy - to - use contactless touch features can be created in a simple and cost - effective way.
Slide 16: Why Contactless Touch?
16 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Why Contactless Touch? The average self - check kiosk in an airport contains around 253,857 colony - forming units (CFU) Much of the bacteria found on surfaces in public areas originates from people’s intestines, gut, nose, mouth, throa
Slide 17: Why Neonode?
17 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Why Neonode? Solution Neonode Contactless Touch IR T ouch F rame Projected Capacitive Camera s Interaction via M obile P hone Voice Control Foot P edals Overall look and feel 9 8 9 8 8 8 8 Total cost of owner - ship* $ $ $ $$ $ $ $$
Slide 18: Elevators
18 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Elevators Neonode Touch Sensor Modules help to create a safer environment for health care providers and patients in Canada • Leading supplier of elevator fixtures and elevator car interiors, MAD Elevators, creates the PHANTOM Touchless
Slide 19: Airport Self-Service Kiosks
19 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Airport Self - Service Kiosks Neonode Touch Sensor Modules selected for contactless kiosk trials by global airport solution provider in Japan • Japan Aerospace Corporation, a Neonode value - added reseller, was selected by a major airpo
Slide 20: Quick Service Restaurant Self-Ordering Kiosks
20 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Quick Service Restaurant Self - Ordering Kiosks Neonode contactless touch solution for self - service kiosks trialed in Europe for a global burger chain • Neonode Touch Sensor Modules selected over camera - based solutions to avoid impl
Slide 21: Self-Checkout Kiosks In Retail
21 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Self - Checkout Kiosks In Retail NEC award Neonode with Letter of Appreciation • NEC chose Neonode Touch Sensor Modules for use in self - checkout terminals • NEC award Neonode with letter of appreciation for our efforts and co - operat
Slide 22: Smart AI Kiosks
22 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Neonode technology combined with AI in proof of concept for smart kiosks • The smart kiosk concept developed by MiTAC combines contactless touch and artificial intelligence • Seamless integration with facial recognition, contactless tou
Slide 23: Our Values
23 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Our Values
Slide 24: Operational Excellence
24 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Operational Excellence Engineering Sales Marketing Operations People : • Retaining and recruiting talent • Establishing an efficient organization • Training and up skilling Process: • Formal processes • Informal ways - of - working Prod
Slide 25: Go-To-Market Strategy
25 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Large OEMs Broad market customers ; small tech companies , engineering firms etc . Mid size OEMs, system integrators , engineering firms , and maintenance companies Large , often multi - national, corporations with v olume potential >10
Slide 26: Sales Cycle and Market Potential
26 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Sales Cycle and Market Potential Retrofits New Installs R&D Highest volume End - user decision makers Shortest sales cycle Partner solutions Sales Cycle OEM decision maker Medium sales cycle Engineering resources Longest sales cycle Sol
Slide 27: Summarizing Remarks
27 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Summarizing Remarks Σ
Slide 28: Summarizing Remarks
28 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Summarizing Remarks • We see a high and increasing demand for our contactless touch solutions and our Touch Sensor Modules • Our main focus continues to be » Elevators » Interactive Kiosks • We are well positioned to accelerate growth a
Slide 29: Q&A with Company Analysts
29 NASDAQ: NEON www.neonode.com Copyright Neonode © 2001 - 2021 Q&A with Company Analysts ?
Slide 30: Thank You
Thank You info@neonode.com neonode.com