Slide 1: Webcast Q2 2025
Webcast Q2 2025
Slide 2: Well positioned for profitable growth
INVESTMENT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG TERM TIER 1 RELATIONS Series-production customer needs industr
Slide 3: Q2 Highlights
Q2 Highlights 2025
Slide 4: Highlights Q2: Transformation underway
HIGHLIGHTS Q2 Transformation underway Q2 Net Sales Strong growth momentum sustained, driven by increased number of development projects and sale of production equipment MSEK 24.1 +66% Y-o-Y Improved profitability, reflecting solid revenue growth combined with disciplined cost control Improved
Slide 5: Start of Production
HIGHLIGHTS Q2 Start of Production Valeo SOP, first series delivery on July 1st In-house production facility in Gothenburg Valeo is gaining market share in the ADAS and radar area
Slide 6: Further geographical expansion in customer base
HIGHLIGHTS Q2 Further geographical expansion in customer base Progress in Asian market Collaboration with Desay SV, a leading Tier-1 supplier in China
Slide 7: Continued momentum for Sensrad
HIGHLIGHTS Q2 Continued momentum for Sensrad Commercial and technological progress continue Largest customer during the year to date is within the defence industry (autonomous vehicles)
Slide 8: Business model & strategy
Business model & strategy We grow together with our customers
Slide 9: Attractive business model
BUSINESS MODEL AND STRATEGY Attractive business model - generating revenue at every step Phase 1 Phase 2 Phase 3 6-18 months 9-36 months 6-8 years Prototype Contractual Product Start of Volume Pre-study project work development production production Non-recurring engineering revenue (NRE) Product sa
Slide 10: Scalable and flexible production setup - with minimal Capex
BUSINESS MODEL AND STRATEGY Scalable and flexible production setup - with minimal Capex Volume production Prototype production European Research & Development supply chain – Work in progress Gothenburg Tianjin, China Chuzhou, China Industrialization High-volume Antenna design Prototypes Lower volume
Slide 11: Market potential
Market potential Automation drives radar growth
Slide 12: Regulation and consumer needs are strong drivers
MARKET POTENTIAL Regulation and consumer needs are strong drivers – Automation drives radar growth Market drivers Product impact Industry impact Automotive radar forecast (million units) 350 > 3 radars NCAP1) Higher resolution Increasing demand per car 300 & Legislation & performance for Waveguide E
Slide 13: Regulation and consumer needs are strong drivers
MARKET POTENTIAL Regulation and consumer needs are strong drivers – Automation drives radar growth One Tier 1 customer Market drivers Product impact Industry impact Radar Indicative NCAP1) Higher resolution Increasing demand type volumes & Legislation & performance for Waveguide Million antennas & &
Slide 14: Well positioned for profitable growth
INVESTMENT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG-TERM TIER 1 RELATIONS Series-production customer needs industr
Slide 15: Q&A
Q&A
Slide 16: For more information
For more information CONTACT Jonas Ehinger CEO jonas.ehinger@gapwaves.com
Slide 17: Thank you!
Thank you! Follow us Gapwaves AB (publ) Corp. Reg. No. 556840-2829 Headquarters: Nellickevägen 22 SE-412 63 Gothenburg, Sweden Tel: +46 31 762 60 40 E-mail: info@gapwaves.com www.gapwaves.com