Slide 1: Full Year 2022 Earnings Presentation
Full Year 2022 Earnings Presentation March 1, 2023
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: Vision
VISION Become the World’s Leading Tier 1 Direct Supplier of LiDAR & Perception Software
Slide 4: 2023 SOP on Track
2023 SOP on Track Volumes ramp in 2H23 Meaningful milestone for Innoviz Volumes expected to ramp into back half of the year BMW and Shuttle on track for 2023 OEM L3 Consumer Vehicle Program • Awarded April 2018 • Partnered with Magna • LIDAR hardware + perception software • Multiple vehicle models A
Slide 5: Focused on Growing Our Relationship with Volkswagen Group
Focused on Growing Our Relationship with Volkswagen Group In advanced discussions exploring additional platforms Program remains on track for a mid-decade launch Currently in advanced discussions exploring additional driving platforms Volkswagen Group is sizeable, with multiple brands and multiple p
Slide 6: New Munich Office for Innoviz
New Munich Office for Innoviz © Innoviz Technologies Ltd. 2023 All Rights Reserved – Proprietary & Confidential. No Part Of This Document May Be Reproduced Or Disclosed In Any Manner. ‹#›
Slide 7: Innoviz and Audi at EcoMotion
Innoviz and Audi at EcoMotion May 23, 2023 Join us at the EcoMotion Week conference in May for a fireside chat between Innoviz CEO Omer Keilaf and Audi AG ADAS/AD Executive Vice President Gero Kempf © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Do
Slide 8: Exciting Growth in the Pipeline
Exciting Growth in the Pipeline Strong momentum with customers Majority of automotive OEM share likely to be awarded in Innoviz Pipeline 1 the next year or so 10-15 Programs Concentrated ultimately expected to >20 million LIDAR in total be a winner takes most, Potential for $150-250m of NRE across p
Slide 9: Expanding Our Automotive Expertise
Expanding Our Automotive Expertise Accelerating our path to being an industry- leading Tier 1 LIDAR direct supplier While I already had a positive view of Innoviz’s technology before I started Added Steven Most recently Chief working with the company, after my recent work and the time I spent Schond
Slide 10: Innoviz360 Unveiled at CES
Innoviz 360 Unveiled at CES One year from announcement to debut INNOVIZ360 Went from announcing the product at CES 2022 to a live point cloud, early sample units, and customer conversations at CES 2023 Very high levels of customer interest following the press release – there appears to be a strong a
Slide 11: Distributor Summit & CES Non-Automotive
Distributor Summit & CES Non-Automotive Building a foundation of partners Hosted 9 companies at our Distributor Summit Hosted 30 non-automotive & industrial distributors at CES Distribution partners are a key part of our growth strategy in non-automotive © Innoviz Technologies Ltd. 2022 All Rights R
Slide 12: We Beat Every Target in 2022
We Beat Every Target in 2022 Building a foundation of consistently delivering on our targets 14 (10) 2 (1) Pre-production Automotive programs expected design wins in in 2022 2022 +165% (+30%) Increase to Forward Looking Order Book © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary &
Slide 13: 2023 Targets
2023 Targets Leverage momentum for more production wins +1-2 +2 Additional New Series Goals are consistent with how we are Programs with Production running the company internally Existing Awards with Customers New Customers Our goal is to exit 2023 as the clear market leader in automotive LIDAR Our
Slide 14: Full Year 2022 Financial Update
Full Year 2022 Financial Update Eldar Cegla, Chief Financial Officer
Slide 15: Record Volumes Following Upgrades
Record Volumes Following Upgrades Major step-up in volumes, as indicated Component Assembly & Testing All-time record volumes in 4Q22 Movie 4Q volumes up +170% QoQ and +164% YoY 2022 volumes up +99% YoY Device Calibration & Testing This reflects the progress we’ve made on the manufacturing side over
Slide 16: Cash Position & Financial Update
Cash Position & Financial Update We maintain significant liquidity, with $186M in cash, short-term deposits, and Revenues for Full Year 2022 marketable securities $6.0M Innoviz operating cash burn in 2022 was within planned budget $5.5M Revenues for 2022 were $6.0M, versus $5.5M in 2021, +10.2% YoY
Slide 17: Q&A and Upcoming Calendar
Q&A Upcoming Calendar March 13-14: Roth Conference, Laguna Beach CA March 22-23: London & Edinburgh NDR April TBD: Virtual NDR May 22-24: EcoMotion Week Conference, Tel Aviv & Virtual May 22-24: JP Morgan Global TMT Conference, Boston May 25: Evercore ISI Auto Tech & AI Virtual Conference Contact: I
Slide 18: Thank You!
Thank You! © INNO VIZ TECHNOLOGIES