Slide 1: Seeing Machines: Scaling Human-Centred AI
SEEING MACHINES Scaling Human-Centred AI Paul McGlone | CEO Martin Ive | CFO August 2026
Slide 2: Company Introduction
COMPANY INTRODUCTION 2 | London Roadshow, August 2026
Slide 3: Executive summary
Executive summary Regulation-driven inflection point here: EU General Safety Regulation (GSR) mandates camera-based DMS for all new EU vehicle registrations in place as of 7 July 2026, with OEM production ramp accelerating through FY2027. Market leadership at scale: Seeing Machines is the global lea
Slide 4: About Seeing Machines
Global leader in Human-Centred AI About Seeing Machines Seeing Machines uses Advanced AI to help machines understand people and the environments where they operate. From transport and automotive to robotics and our purpose: industrial automation, we are solving for safe and powering safe, intuitive
Slide 5: FY2026 Operational Highlights
FY2026 Operational Highlights AUTOMOTIVE LEADERSHIP POSITION 8.2+ M CARS ON ROAD WITH SEEING MACHINES DMS/OMS INSTALLED 3.4 M UNITS PRODUCED H2 FY2026, 212% INCREASE ON H1 FY2026: 1.1M FY2026 PRODUCTION 4.5 MILLION UNITS, 195% INCREASE ON FY2025: 1.5M PRODUCTION VOLUME 2.1M+ OEM COUNT INCREASES IN J
Slide 6: Regulations expanding globally
Regulations expanding globally Driver and occupant monitoring is moving from a regional requirement to a global safety expectation – with more functionality required over time. Europe China Japan USA ESTABLISHED ESTABLISHED PENDING – 2029 EXPANDING • Regulation already in place • Regulation in place
Slide 7: Strategic partnerships to extend reach
Strategic partnerships to extend reach • World leading brands support ongoing Technology Capital / Technology Collaborations Collaboration development and access to new markets • Mitsubishi Electric Mobility Corporation: Capital and technology collaboration, referral partner for Guardian, adjacent m
Slide 8: Automotive solved the hard problems — unlocking new markets
Automotive solved the hard problems — unlocking new markets 25 years of automotive innovation has created a proven Human-Centred AI platform, world-class data and production-ready technology that can now be deployed across robotics, industrial automation and beyond. OCCULA NPU licenced, in mass Prov
Slide 9: Financials
FINANCIALS 9 | London Roadshow, August 2026
Slide 10: FY2026 Financial Snapshot: A much stronger second half and a better revenue mix
FY2026 Financial Snapshot: A much stronger second half and a better revenue mix Amounts quoted are in US$ FY26 Adjusted Revenue* Gross margin* Adjusted EBITDA* Range $76.3m 75% to 77% ($2.0m) to ($3.0m) +45% on FY25 Up on stronger mix (FY25: 62.9%) Materially improved vs FY25 ($30.1m) *Indicative on
Slide 11: Growing vehicle adoption drives Automotive Revenue
Growing vehicle adoption drives Automotive Revenue Automotive Adjusted Revenue - US$m Quarterly Automotive Production Volumes 45.0 2.5 Millions 251% 40.0 2.0 35.0 30.0 1.5 25.0 US $m 20.0 10% 3% 11% 29% 20% 22% 1.0 15.0 10.0 0.5 5.0 0.0 0.0 H1 FY2023 H2 FY2023 H1 FY2024 H2 FY2024 H1 FY2025 H2 FY2025
Slide 12: Aftermarket Revenue FY2026
Aftermarket Revenue FY2026 Guardian hardware sales volumes increasing resulting in revenue growth and additional recurring services revenue which continues to accumulate Annual Recurring Revenue US$m Aftermarket Revenue - US$m 16.0 30 87% 28 15.0 26 24 100% 22 14.0 20 23% 18 31% 30% 10% US $m US $m
Slide 13: Adjusted Revenue bridge
Adjusted Revenue bridge 80.0 10.0 76.3 (2.3) 70.0 19.5 60.0 52.8 50.0 6.2 (3.2) US$ m (6.7) 40.0 30.0 20.0 10.0 - FY25 Magna Licensing NRE Projects Guardian Auto Royalties Accelerated Other FY26 Adj. Revenue Program License Adj. Revenue 13 | London Roadshow, August 2026
Slide 14: Adjusted EBITDA bridge
Adjusted EBITDA bridge Cost reduction 10.0 4.4 (0.4) 4.6 (0.4) (2.2) (3.0) (6.6) 19.2 3.4 (30.1) (3.2) Magna Exclusivity Auto Royalties Other Margin NRE Cost OPEX FY2026 (Draft) FY2025 Guardian Margin Accelerated NRE Revenue Asaphus OPEX FX Impact Program License 14 | London Roadshow, August 2026
Slide 15: H2 FY2026 Cash Generation
H2 FY2026 CASH GENERATION 15 | London Roadshow, August 2026
Slide 16: Cost management H2 FY2026
Cost management H2 FY2026 Resources - Employees and Contractors 600 • Total Resource Reduction of 9.1% compared to 500 H2 FY25 400 • -3.5% resource reduction compared to H1 FY26 driving ongoing efficiency optimisation. 300 • Asaphus employees fully integrated into Seeing Machines structure 200 • No
Slide 17: Revenue growth and mix FY2025 vs FY2026
Revenue growth and mix FY2025 vs FY2026 80.0 100% NRE NRE 90% NRE 70.0 Hardware Sales Hardware Sales 80% 60.0 Hardware Sales Monitoring 70% Monitoring Services 50.0 Services NRE 60% Monitoring US $m US $m 40.0 50% Services Licensing Hardware Sales Licensing 40% 30.0 Monitoring Services Licensing 30%
Slide 18: Revenue growth and mix H1 FY2026 vs H2 FY2026
Revenue growth and mix H1 FY2026 vs H2 FY2026 60.0 100% NRE NRE 90% Hardware Sales NRE 50.0 Hardware Sales 80% Hardware Sales Monitoring Services Monitoring 70% 40.0 Services 60% Licensing Monitoring US $m US $m 30.0 Licensing 50% Services 40% NRE 20.0 Hardware Sales 30% Monitoring Royalties Royalti
Slide 19: Business Model
BUSINESS MODEL 19 | London Roadshow, August 2026
Slide 20: Automotive model
Automotive model PRODUCTS CHANNELS SEGMENTS REVENUE STREAMS ROYALTIES DRIVER AND OCCUPANT AUTOMOTIVE TIER 1’S AUTOMOTIVE MONITORING SYSTEM SOFTWARE LIBRARY NON-RECURRING ENGINEERING SILICON COMPANIES REGULATIONS AUTOMATION RESEARCH & DEVELOPMENT DRIVER MONITORING SYSTEM OPERATIONAL EFFICIENCY + SAFE
Slide 21: Aftermarket model
Aftermarket model PRODUCTS CHANNELS SEGMENTS REVENUE STREAMS 24/7 MONITORING GUARDIAN DRIVER MONITORING DIRECT SALES TEAM SYSTEM AFTER FLEET HARDWARE SALES MANUFACTURE DISTRIBUTOR/ CHANNEL BACKUP-DRIVER MONITORING PARTNERS INSTALLATION FEES SYSTEM (BDMS) SAFETY REGULATIONS NON-RECURRING ENGINEERING
Slide 22: Leading engagements underpin Aviation use cases
Leading engagements underpin Aviation use cases POTENTIAL END STATES REDUCED CREW & SINGLE PILOT OPERATIONS CONTROLLED REST AND REAL-TIME ALERTS TODAY World first capability in operational service FATIGUE RISK MANAGEMENT SYSTEM (FRMS) AND REAL-TIME ALERTS FLIGHT CREW TRAINING AND SIMULATION RESEARCH
Slide 23: Emerging
EMERGING 23 | London Roadshow, August 2026
Slide 24: Adjacent market potential with Mitsubishi Electric Mobility
Adjacent market potential with Mitsubishi Electric Mobility New technologies Digital education Store monitoring Smart building Medical care Railways Existing construction New markets equipment markets Security Digital Healthcare* Smart factory * Health monitoring during driving Insurance The size of
Slide 25: Human Intelligence for Future Mobility
Human Intelligence for Future Mobility • Human Intelligence platform for Software-Defined Vehicles (SDVs), Level 4 autonomous systems and intelligent EVs. What Seeing Machines enables • Enables vehicles to understand the people inside the cabin not just the environment around them. Driver Cabin Huma
Slide 26: Shared technology
Shared technology Automotive Industrial Automation/ Automotive Humanoid Robotics Technical Strategy Core Algorithms Foundational Datasets Know-How Autonomy 26 | London Roadshow, August 2026
Slide 27: Summary
SUMMARY 27 | London Roadshow, August 2026
Slide 28: Summary
SUMMARY • Materially improved financial performance in FY2026 and cashflow positive in H2 FY2026 • Balance sheet to benefit from refinancing of Magna Convertible Note: indicative terms agreed and Company is now in an exclusive negotiation period to refinance the Convertible Loan Note obligation befo
Slide 29: Thank you
THANK YOU
Slide 30: Disclaimer
Disclaimer This document (Presentation) is confidential and has been prepared by Seeing Machines Limited (Seeing Machines) as at 10 August 2026 solely on the basis that you (Recipient) agree in favour of Seeing Machines, its advisers (Advisers), their respective related bodies corporate (as defined