Slide 1: Commercial Quantum Computing: Q3 Investor Presentation
COMMERCIAL QUANTUM COMPUTING Q3 Investor Presentation 1 COPYRIGHT © D-WAVE
Slide 2: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS Certain statements in this presentation are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expres
Slide 3: Our Mission
OUR MISSION TO UNLOCK THE POWER OF QUANTUM COMPUTING TO BENEFIT BUSINESS AND SOCIETY STARTING TODAY 3 COPYRIGHT © D-WAVE
Slide 4: D-Wave at a Glance
4 D-WAVE AT A GLANCE ESTABLISHED PRODUCT PORTFOLIO: MARKET LEADER • World’s largest quantum computer • Accessible through production-grade cloud service • Demonstrated advantage over classical computing Quantum Annealing Real-Time Quantum Cloud Open-Source Python Tools Customer PS On-Ramp GROWING CO
Slide 5: Value Creation Through the Ongoing Introduction of New Use Cases
VALUE CREATION THROUGH THE ONGOING INTRODUCTION OF NEW USE CASES $100B Market Opportunity* $100B Opportunity Market Opportunity 2023 2024 2025 2026 2027 2028 2029 20… Production Scheduling & Routing Allocation & Risk Management Machine Learning Defense & Aerospace Process & Flow Advanced Use Cases A
Slide 6: D-Wave Differentiators
D-WAVE DIFFERENTIATORS 1 QUANTUM 2 FULL STACK 3 REAL-TIME QUANTUM ANNEALING PROVIDER CLOUD SERVICE Required for Annealing & gate systems, for in-production applications optimization problems cloud service, software tools, professional services 4 FIVE GENERATIONS 5 THREE MILLION 6 FIRST MOVER ON-TIME
Slide 7: Choosing the Right Quantum Technology
CHOOSING THE RIGHT QUANTUM TECHNOLOGY COMBINATORIAL LINEAR ALGEBRA DIFFERENTIAL OPTIMIZATION & FACTORIZATION EQUATIONS Employee Scheduling Machine Learning Designer Drugs Autonomous Vehicle Routing Cryptography New Materials Peptide Design Drug Toxicity Longer-Life Batteries Fraud Detection Global W
Slide 8: Leading the Commercialization of Quantum Tech
LEADING THE COMMERCIALIZATION OF QUANTUM TECH Experimental / Research Product Commercialization Advantage™ Advantage System Performance Advantage2™ Advantage3™ System System System D-Wave D-Wave D-Wave One™ D-Wave Two™ D-Wave 2X™ 2000 ™ 2000Q LN System System System System System ANNEALING PROCESSOR
Slide 9: There Is Already Strong Demand for Quantum Solutions
THERE IS ALREADY STRONG DEMAND FOR QUANTUM SOLUTIONS 33% 80% OF COMPANIES plan to increase quantum computing (QC) commitment in next 2-3 years1 42% OF BUSINESS LEADERS see QC as key for logistics/supply chain management1 OF COMPANIES FORSEE ANNUAL QC BUDGETS OF $15M OR HIGHER 1 31% OF ENTERPRISES ha
Slide 10: Go-to-Market Approach Accelerating Commercial Adoption
GO-TO-MARKET APPROACH ACCELERATING COMMERCIAL ADOPTION MARKET AG I L E & S C A L E D PA R T N E R S E G M E N TAT I O N S A L E S O P E R AT I O N S ENABLEMENT Target vertical markets identified Vertically-focused sales model Priority on SIs and ISVs for rapid deployment Government and public sector
Slide 11: Focus on Logistics and Manufacturing Followed by AI/Machine Learning
FOCUS ON LOGISTICS AND MANUFACTURING FOLLOWED BY AI/MACHINE LEARNING LO G I S T I C S M A N U FAC T U R I N G A I / M AC H I N E LEARNING Vehicle Routing Job Shop Scheduling Employee/Crew Scheduling Factory Planning Feature Selection Shipping Container Logistics Project Scheduling Prompt Optimizatio
Slide 12: Customers Realizing Tangible Business Results with D-Wave Technology
CUSTOMERS REALIZING TANGIBLE BUSINESS RESULTS WITH D-WAVE TECHNOLOGY E-commerce driver Tour routing Radar scheduling Customer rewards delivery scheduling 12 C O P Y R I G H T © D - W A V E
Slide 13: Optimized Driver Scheduling
OPTIMIZED DRIVER SCHEDULING Canada’s largest Western-based provider of food and health products is moving multiple quantum hybrid applications into production. The first, an e-commerce driver delivery scheduling application, is now in production to create schedules that serve over 100 stores. This a
Slide 14: Automated Tour Routing
AUTOMATED TOUR ROUTING Identifying optimal routes for promotional tours is critical to ensuring all client requirements and federal regulations are considered. The Interpublic Group worked with D-Wave to identify routes that reduce the costs of producing and running these tours. D-Wave’s technology
Slide 15: Enhanced Radar Scheduling
ENHANCED RADAR SCHEDULING Davidson, a technology services company that provides innovative engineering, technical and management solutions for the Department of Defense, aerospace and commercial customers, has been working with D-Wave on several quantum- hybrid applications to advance national defen
Slide 16: Optimized Customer Rewards Program
OPTIMIZED CUSTOMER REWARDS PROGRAM Satispay is the leading Italian fintech unicorn focused on revolutionizing mobile payments. Together we’ve built a quantum-hybrid application that optimizes customer rewards initiatives. Using D-Wave’s constrained quadratic model hybrid solver, the application show
Slide 17: Production Application Deployments on the Near-Term Horizon
PRODUCTION APPLICATION DEPLOYMENTS ON THE NEAR-TERM HORIZON 26 # of Multiple Applications More Customer Deployments Fuel Proofs of Concept Production Deployments Moving Into Production QCaaS Usage and Expected in Built for Customers Now Growth Next 2 Quarters 17 C O P Y R I G H T © D - W A V E
Slide 18: Shaping Government Quantum Programs for Inclusivity and Near-Term Application Support
SHAPING GOVERNMENT QUANTUM PROGRAMS FOR INCLUSIVITY AND NEAR-TERM APPLICATION SUPPORT Ensuring reauthorization of U.S. National Quantum Initiative quickly Supporting legislation that explicitly includes all quantum technologies – annealing, gate model and hybrid Encouraging support for near-term app
Slide 19: Tech & Products Driving Customer Use Cases
TECH & PRODUCTS DRIVING CUSTOMER USE CASES 2 2 Performance Update 3, … Systems Platform Software Innovation BQM, DQM, CQM Next-gen Targeted Hybrid Universal Solvers Solvers Solver Solvers $100B Market $100B Market Opportunity Opportunity Opportunity * 2023 2024 2025 2026 2027 2028 2029 20… Productio
Slide 20: A Product Roadmap Built to Deliver Customer ROI
A PRODUCT ROADMAP BUILT TO DELIVER CUSTOMER ROI GREATER INCREASED RELIABILITY PROCESSING POWER SOFTWARE VALUE AND ACCESS ADVANTAGE2 PROCESSOR LEAP™ SERVICE FULL STACK • Increased processor • Advancement of • Software and hardware performance with quantum-hybrid enhancements to drive Advantage2 syste
Slide 21: Ever-Increasing Advantage System Performance, Engineered for Business
EVER-INCREASING ADVANTAGE SYSTEM PERFORMANCE, ENGINEERED FOR BUSINESS ADVANTAGE2 SYSTEM ADVANTAGE SYSTEM (FORTHCOMING) • Proven to improve solution quality faster than classical • Fueling customer success with greater qubit coherence alternatives (i.e. scaled polynomial speed-up) on a class of and c
Slide 22: Advancements in Coherence and Connectivity Also Show Business Benefits
ADVANCEMENTS IN COHERENCE AND CONNECTIVITY ALSO SHOW BUSINESS BENEFITS Value of quantum systems doesn’t rest solely on number of qubits We’re progressing important work in qubit coherence (ability to maintain a quantum state) and connectivity Qubit Count Coherence Announced notable progress in devel
Slide 23: Reaching Milestones on the Path to Quantum Supremacy
REACHING MILESTONES ON THE PATH TO QUANTUM SUPREMACY We believe D-Wave will be the first quantum company to definitively demonstrate quantum supremacy in significant and meaningful problems, beyond random number generation Research efforts are underway, with a number of significant achievements alre
Slide 24: Leap Real-Time Quantum Cloud Service and Advancing Hybrid Solvers
LEAP REAL-TIME QUANTUM CLOUD SERVICE AND ADVANCING HYBRID SOLVERS UNLOCKING NEW USE CASES Launched new algorithmic updates to our Constrained Quadratic Model hybrid solver • Increased performance for existing binary problem classes, including offer allocation, portfolio optimization, and satisfiabil
Slide 25: Production-Grade Reliability Reflects Our Commercial Maturity
PRODUCTION -GRADE RELIABILITY REFLECTS OUR COMMERCIAL MATURITY Focused on delivery of secure, reliable, and production-grade quantum tech stack at scale and across geographies to support customers’ production deployments • Introduced new administration features that give 99% customers the ability to
Slide 26: D-Wave Quantum Patent Portfolio Ranked as 3rd Largest in World
D-WAVE QUANTUM PATENT PORTFOLIO RANKED AS 3RD LARGEST IN WORLD 500+ granted and pending patents worldwide, including: • 220+ US granted patents • 210+ granted and pending patents worldwide (non-US) 60%+ of the portfolio applies to both gate model and annealing quantum computing Portfolio covers hard
Slide 27: Q3 Financial Update
Q3 FINANCIAL UPDATE Significant Growth in Bookings, Revenue, Commercial Traction & Cash Quarterly Bookings (1) First 9 Months Bookings Quarterly Revenue $4 $12 $3 $2.6M MILLIONS MILLIONS MILLIONS $3 $2.9M $9 $8.4M $2 $1.7M $1.9M 55% $2 $6 $3.8M $1 $1 $3 20% Professional Pro Services Services $- $- $
Slide 28: Commercial Quantum Computing
COMMERCIAL QUANTUM COMPUTING 28 C O P Y R I G H T © D - W A V E