Ondas Inc · NASDAQ:ONDS
Ondas — Q1 2022 Earnings Presentation
24 slides from Ondas's earnings presentation, May 11, 2022
Slide 1: First Quarter 2022 Earnings Release
First Quarter 2022 Earnings Release Ondas Holdings (NASDAQ: ONDS) May 11, 2022
Slide 2: Disclaimer
DISCLAIMER This presentation may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intends,"
Slide 3: Leadership Team
LEADERSHIP TEAM Eric Brock Derek Reisfield Stewart Kantor Reese Mozer Chairman and CEO President and CFO President CEO Eric is an entrepreneur with Derek is an experienced Stewart brings 20 years of Reese is an entrepreneur over 25 years of executive with over 30 years experience in the wireless and
Slide 4: Introduction
INTRODUCTION Business development on track at Ondas Networks and American Robotics 900 MHz Network leading to expanded opportunities American Robotics demonstrating industry leadership for customers Ondas is investing to win with its partners and ecosystem
Slide 5: Agenda
AGENDA 1 | Progress on Key Priorities 2 | Financial Review 3 | Strategic Review 4 | Outlook 5 | Investor Q&A
Slide 6: Progress on Key Priorities
PROGRESS ON KEY PRIORITIES Launch orders mark transition to platform delivery Launch orders secured in preparation for initial 900 MHz deployments 900 MHz use case expansion beyond ATCS MC-IoT Rail lab delivered for MxV Rail (AAR) Siemens partnership continues to broaden Contract manufactu
Slide 7: Financial Review
FINANCIAL REVIEW Key Priorities and Accomplishments for Ondas Networks and American Robotics
Slide 8: Financial Review | Q1 2022
FINANCIAL REVIEW | Q1 2022 Key Takeaways: P&L reflects preparation for larger commercial rollouts in 2022 for Ondas Networks and American Robotics OPEX increase reflects addition of American Robotics post-acquisition OPEX, includes non-cash expenses of $2.4 million for Q1 2022 and $1.5 million
Slide 9: Financial Review | Q1 2022
FINANCIAL REVIEW | Q1 2022 Key Takeaways: Balance sheet healthy Investments reflect upfront leasehold improvements paid in Q1 2022 and building of Scout Systems Businesses are capital light from a CapEx perspective ATM in place to support broadening of customer solutions
Slide 10: Strategic Review
STRATEGIC REVIEW Key Priorities and Accomplishments for Ondas Networks and American Robotics
Slide 11: Strategic Review | Ondas Networks
STRATEGIC REVIEW | ONDAS NETWORKS Launch orders mark transition to platform delivery Multiple 900 MHz launch orders secured and delivered 3rd major launch order pending; new application for 900 MHz Rail lab constructed and has been delivered to MxV Rail Siemens engagement remains strong Ca
Slide 12: Path from Launch to Scaled Deployment
PATH FROM LAUNCH TO SCALED DEPLOYMENT Broader Deployments Applications expand beyond ATCS Centralized Train Control (CTC) Interlocking Vital Links Highway Crossings Voice Positive Train Control (PTC) Launch Orders Drone C2, Hi-Rail, Sensors Processes being established with Rails and Siem
Slide 13: FullMAX Enables Automation
FullMAX™ ENABLES AUTOMATION Communications Bandwidth The Digital Railroad Automated Train Moving Block Operations (ATO) Operations (longer trains, reduce Fixed Block headway) Operations Time FullMAX™ is critical communications platform
Slide 14: Strategic Review | American Robotics
STRATEGIC REVIEW | AMERICAN ROBOTICS Scaling up operations & widening moat in target markets Progressing through initial deployments with Fortune 100 customers Maturing operations and manufacturing capacity to support 100s and eventually 1000s of units Cementing leadership position within indu
Slide 15: Franchise Customer Engagements
FRANCHISE CUSTOMER ENGAGEMENTS Progressing with key customers towards fleet deployments Demonstrating safety and KPIs Working with Fortune 100 customers to prove “demonstrated safety” in the field New technology must be vetted before adopting on a large scale Will become another differentiatin
Slide 16: Industry Leadership Position Grows
INDUSTRY LEADERSHIP POSITION GROWS Industry leadership, advocacy, and influence continues to grow U.S. regulatory leadership AR granted 7 new sites for Automated BVLOS operations, demonstrating scalability of waivers AR invited to join FAA BVLOS Aviation Rulemaking Committee (ARC) AR CEO, Rees
Slide 17: Constructing Payload & AI Portfolio for Industrial Markets
CONSTRUCTING PAYLOAD & AI PORTFOLIO FOR INDUSTRIAL MARKETS Positioning product roadmap to be long-term leader Close customer partnerships at both corporate and operations level Structuring long-term partnerships with near and long-term goals Wide variety of applications and field environments –
Slide 18: Outlook Summary
QUTLOOK SUMMARY ONDAS
Slide 19: Outlook | Key Business Targets
OULOOK | KEY BUSINESS TARGETS Expect to secure orders from at least 5 Railroads Maintain $20 million bookings goal for 2022 Secure new European Track-to-Train development program Secure purchase order for International market Expect to secure Scout System™ orders from at least 10 customers
Slide 20: Scaling Industrial Technology Platforms
SCALING INDUSTRIAL TECHNOLOGY PLATFORMS Balance sheet remains healthy Cash OPEX expected to be approximately $7.0 - $7.5 million for Q2 2022 ATM offering announced provides flexibility to accelerate technology investments; based upon customer demands Expect additional ecosystem opportunities
Slide 21: Closing Remarks
CLOSING REMARKS Business development on track at Ondas Networks and American Robotics 900 MHz Network leading to expanded opportunities American Robotics demonstrating industry leadership for customers Ondas is investing to win with its partners and ecosystem
Slide 22: Investor Q&A
INVESTOR Q&A eS LR AMERICAN ROBOTICS ONRAS
Slide 23: Thank You for Listening
THANK YOU FOR LISTENING Please visit our websites and social media pages to stay updated with company progress. www.ondas.com www.american-robotics.com www.linkedin.com/company/ondasnetworks/ www.linkedin.com/company/american-robotics-inc www.twitter.com/OndasNetworks www.twitter.com/AmericanRobotic
Slide 24: Stay on Offense - Cement and Extend Leadership
STAY ON OFFENSE - CEMENT AND EXTEND LEADERSHIP Delivery on Opportunity Leverage the Ondas / AR platform • Management • Technical & regulatory expertise • Balance sheet • Shared ecosystem Broader customer solutions • Applications • Data analytics (AI/ML) • Payload extensions • Infrastructure DEEPEN T