Slide 1: Entering 2022 from a Position of Strength
Entering 2022 from a Position of Strength Q4 2021 March 2, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz’s products, the markets in which Innoviz ope
Slide 3: Meeting 2021 Targets
Meeting 2021 Targets Entering 2022 From a Position of Strength +1 Series Production Design Win Announced InnovizTwo Qualified as a Direct Supplier Ramp-Up of a New High-Volume 30x Performance | 70% cost Reduction with Large Automaker Automotive Production Line: InnovizOne Reached InnovizOne New Prod
Slide 4: Last Quarter
Last Quarter © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 4
Slide 5: © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part
© Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 5
Slide 6: Since Our Last Earnings Call
Since Our Last Earnings Call Signed 5 New L2/L3 RFQs +$200M Order Book InnovizTwo Samples Innoviz360 Announced Pre-Production Deals Strong Momentum Towards Shuttle Program Launch Ready on time! New Category LiDAR Nomination Time + New RFQs Expected Beginning of next year Level 3 Standardization MIT
Slide 7: Strong Momentum in Pre-Development Programs
Strong Momentum in Pre-Development Programs Signed 5 New Pre-Production Deals Japan-based engineering and construction Israel-based developer of system augmenting tower company cranes with autonomous operating capabilities Innoviz LiDARs selected for automated tower InnovizOne integrated into auto
Slide 8: Positioned to Capture Robust Sales Funnel
Positioned to Capture Robust Sales Funnel TODAY 2022 TARGETS 2 8 12 10 Serial Production Pre-production RFIs & RFQ in different stages of Pre-production programs expected Programs discussions in 2022 Program (+5) (+3) 1+ $2.6B Automotive commercial agreement in 2022 Current Order Book Total lifetime
Slide 9: Business Strategy
Business Strategy Automotive and Beyond © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 9
Slide 10: Strategic Priorities
Strategic Priorities SOLIDIFY EXPAND INVEST our position as a leading supplier our market share beyond in our technology and for autonomous vehicles the passenger vehicle perception software Identify fastest Study Design Industrialize and 10X growing TAM requirements building blocks build needs Impr
Slide 11: Solidify Our Position as a Leading Supplier for Autonomous Vehicles
Solidify Our Position as a Leading Supplier for Autonomous Vehicles Innoviz is Well Positioned for Current Opportunities in Automotive LiDAR Market TAM PRESENT DAY Market Opportunity • L2+ / L3 Market decision • Largest LiDAR market TAM making in 2022 through 2030 • Market consolidation until 2025 •
Slide 12: Solidify Our Position as a Leading Supplier for Autonomous Vehicles
Solidify Our Position as a Leading Supplier for Autonomous Vehicles Innoviz is Well Positioned for Current Opportunities in Automotive LiDAR Market TAM PRESENT DAY Market Opportunity • L2+ / L3 Market decision • Largest LiDAR market TAM making in 2022 through 2030 • Market consolidation until 2025 •
Slide 13: Solidify Our Position as a Leading Supplier for Autonomous Vehicles
Solidify Our Position as a Leading Supplier for Autonomous Vehicles Innoviz is Well Positioned for Current Opportunities in Automotive LiDAR Market TAM PRESENT DAY Market Opportunity • L2+ / L3 Market decision • Largest LiDAR market TAM making in 2022 through 2030 • Market consolidation until 2025 •
Slide 14: Expand Our Market Share Beyond Passenger Cars
Expand Our Market Share Beyond Passenger Cars Innoviz is Well Positioned for Current Opportunities in Automotive LiDAR Market TAM PRESENT DAY Market Opportunity • Level4 RFQs already started discussions • 2nd Largest TAM in Automotive $55bn +L4/L5 CARS + L2+/L3 DEMOCRATIZATION + L4 TRUCKS $20bn SEVE
Slide 15: Expand Our Market Share Beyond Passenger Cars
Expand Our Market Share Beyond Passenger Cars Innoviz is Well Positioned for Current Opportunities in Automotive LiDAR Market TAM PRESENT DAY Market Opportunity • Level4 RFQs started in • Largest LiDAR market TAM discussions through 2030 • Decisions in 2023 • High customer loyalty Market Requirement
Slide 16: Expand Our Market Share Beyond Passenger Cars
Expand Our Market Share Beyond Passenger Cars Innoviz is Well Positioned for Current Opportunities in Automotive LiDAR Market TAM PRESENT DAY Market Opportunity • Level4 RFQs started in • Largest LiDAR market TAM discussions through 2030 • Decisions in 2023 • High customer loyalty INNOVIZTWO INNOVIZ
Slide 17: Innoviz Positioned to Capture Growing Market Opportunity
Innoviz Positioned to Capture Growing Market Opportunity Innoviz is Setting Up to Succeed in All Growing Markets TAM PRESENT DAY Market Opportunity • 3D market size will eventually exceed the 2D Market • Many untapped applications and territories • Early stage $55bn $20bn Non-Automotive Automotive 2
Slide 18: Innoviz Positioned to Capture Growing Market Opportunity
Innoviz Positioned to Capture Growing Market Opportunity TAM PRESENT DAY Market Opportunity • 3D market size will eventually exceed the 2D Market • Many untapped applications and territories • Early stage Market Requirements • Lower cost sensitivity (in some applications) • Seamless Integration $55b
Slide 19: Innoviz Positioned to Capture Growing Market Opportunity
Innoviz Positioned to Capture Growing Market Opportunity TAM PRESENT DAY Market Opportunity • 3D market size will eventually exceed the 2D Market INNOVIZTWO INNOVIZAPP INNOVIZ360 INNOVIZNEXT Control Software • Many untapped applications and territories • Early stage Market Requirements • Lower cost
Slide 20: Innoviz Software Offering
Innoviz Software Offering L2-L3 Highway L4-L5 Urban Non-Automotive SOFTWARE • Single Driving Direction • L3 Package • Object Detection and PACKAGE • Object Detection and Classification • Multi Driving Direction Classification • Movement Detection • Multiple LiDAR Sensors Fusion • Movement Detection
Slide 21: Cash Position
Cash Position Throughout 2021, raised $370M in cash At the end of 2021, Innoviz had more than $300M in cash, short term deposits and Marketable securities Innoviz has smart cash management and secured sufficient inventory to meet expected 2022 demand Innoviz operating cash burn in 2021 was within pl
Slide 22: Innoviz Pillars to Succeed
Innoviz Pillars to Succeed Position to Lead Significant Order Book Cutting-Edge, Proven Perception Capital to Execute and Large Pipeline & Mature Technology Software Strategy Industrialization Automotive Product Line Capabilities Experience © Innoviz Technologies Ltd. 2022 All Rights Reserved – Prop
Slide 23: R&D Update
R&D Update OREN BUSKILA Chief R&D Officer
Slide 24: Fast and Disruptive
Fast and Disruptive INNOVIZTWO #LINES 800 Automotive LiDARs ❖ No Compromise on Quality 720 )High Definition( INNOVIZONE ❖ Low Cost 256 ❖ Design For Manufacturing 128 128 360° Non- ❖ Perception Software Automotive LiDARs 64 ❖ Meeting all Automotive Standards 4 2016 2020 2022 © Innoviz Technologies Lt
Slide 25: InnovizTwo: Improved Performance at a Lower Cost
InnovizTwo Improved Performance at a Lower Cost InnovizOne InnovizTwo SHIPPING TODAY ENGINEERING SAMPLES 0.1° x 0.1° (256 lines) 0.05° x 0.05° (800 lines) Performance Improvements 115°x25° 120°x40° 70% Price & fit for Level 3-5 Cost Reduction Longer range Price & fit for Level 2-5 © Innoviz Technolo
Slide 26: InnovizTwo Progress
InnovizTwo Progress Preliminary samples (“B0”) revealed in January, meeting the performance targets: • FOV - 120° x 40° • Resolution - 0.05° x 0.05° • Range > 200m (for 10% reflectivity target) • Frame Rate - 10 FPS Samples with improved design (“B1”) Single frame output from InnovizTwo B0 planned f
Slide 27: © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part
© Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 27
Slide 28: InnovizTwo
InnovizTwo The first lidar from Innoviz to include optional on-board perception • Each Sensor process its own raw data locally Distributed • Innoviz Perception SW runs on the InnovizTwo lidar Architecture • Lidar output includes both raw-point cloud and object list • Reduces compute load on central
Slide 29: Point cloud from InnovizTwo B0-sample
Point cloud from InnovizTwo B0-sample © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 29
Slide 30: Innoviz360
Innoviz360 Set to disrupt the surround-view lidar markets #LINES Setting New Definitions of HD INNOVIZ360 1280 1080 )Full High Definition( HD RESOLUTION Slick & Affordable 720 )High Definition( (360⁰ x 64⁰) Leveraging the same optical engine of the iTwo, with scanning mechanism optimized for 360° co
Slide 31: Competitor A vs INNOVIZ360
Standard Resolution HD Resolution 128 lines 1280 lines Performance dog cat ? ? 360°x40° 360°x64° 128 Lasers + 128 Detectors Significant Cost 1 Laser +1 Detector Competitor A Reduction INNOVIZ360 *simulated point clouds © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential
Slide 32: Next-Generation Components
Next-Generation Components New chipset will enable future products, and enhance the existing ones NEXT-GENERATION ASIC NEXT-GENERATION DETECTOR Features Features • Increased pixel-rate • Best-in-class sensitivity • Max range extended to 500m • Increased range • Improved resolution • Support for addi
Slide 33: Perception Software
Perception Software Ongoing SRS (Safety Related Scenarios) Testing InnovizOne lidar in the most demanding scenarios defined by our customers Data collection in • “Endurance Runs” started – worldwide campaign for collecting detailed recordings of hundreds of the wild thousands of miles • Started once
Slide 34: Summary of RnD 2022 Targets
Summary of RnD 2022 Targets • Complete production validation of InnovizOne towards start of volume automotive production • InnovizTwo design for manufacturing • First engineering samples for Innoviz360 • Maintain and increase Innoviz technology leadership © Innoviz Technologies Ltd. 2022 All Rights
Slide 35: Thank You!
Thank You! © INNO VIZ TECHNOLOGIES