Elliptic Laboratories Asa · OSL:ELABS
Elliptic Laboratories Asa — Elliptic Labs — Investor Presentation (May 2022)
24 slides from Elliptic Laboratories Asa's investor presentation, May 30, 2022
Slide 1: AI Virtual Smart Sensor Platform
AI Virtual Smart Sensor Platform TM Laila Danielsen, CEO Investor Presentation| May 30, 2022
Slide 2: Sensors touch every aspect of life and drive the digital transformation
Sensors touch every aspect of life and drive the digital transformation Our vision is to build the leading software platform for all sensors, making every device smarter, more human- and environmentally-friendly
Slide 3: Our AI Virtual Smart Sensor Platform makes devices intelligent
Our AI Virtual Smart Sensor PlatformTM makes devices intelligent Leveraging existing single Elliptic Labs’ purpose sensors Virtual Smart SensorsTM Microphones AI Virtual Smart Speakers Sensor Platform™ Virtual Proximity Virtual Presence Sensor Sensor Time-of-flight Software technology Touch using AI
Slide 4: Billions of devices use hardware sensor components
Billions of devices use hardware sensor components Our USD 5.5 billion market opportunity USD 1-2bn USD 1.1 – 1.8bn USD 1bn USD 1bn USD 140 – 350m Smartphones PCs, Laptops & tablets IoT IoT - Smart TVs Automotive 4
Slide 5: The market is dominated by single-purpose hardware sensor
The market is dominated by single-purpose hardware sensor Hardware sensor components Hardware sensors technology cost Cost per unit (USD) $ 10 - 20 • Microphone and speaker − In most devices for standard audio and voice control • Infrared Proximity Sensor: − Mature and incumbent technology in most s
Slide 6: We reduce cost, risk & environmental footprint while adding more capabilities
We reduce cost, risk & environmental footprint while adding more capabilities Replacing hardware sensor components Reducing environmental footprint • AI Virtual Smart Sensor Platform™ can replace Decrease Reduce emissions and infrared, time-of-flight and radar sensors for component waste environment
Slide 7: The smartphone market
Our first vertical The smartphone market 1.4 billion units USD 140-350 million market opportunity
Slide 8: Experiencing continued strong demand and growth in Smartphones
Experiencing continued strong demand and Announced 16 smartphone launches YTD 2022 AI Virtual Proximity SensorTM growth in Smartphones Models launched 55 Cumulative 50 45 Q1 2022: 13 models 40 Subsequent: 3 models 35 30 25 20 15 10 5 0 Q1’ Q1’ Q1’ Q1’ Q1’ Q1’ Q1’ 16 17 18 19 20 21 22 • Leading marke
Slide 9: Majority of current revenue comes from smartphones
Majority of current revenue comes from smartphones Revenue from contracts with customers NOK million, LTM +83% • Strong year-on-year revenue growth in smartphones vertical • Flexible pricing model − Volume based license fee per unit/device 54.6 58.4 − Subscription fee 44.0 − Enterprise/annual licens
Slide 10: The PC, laptop & tablet market
Our next growth vertical The PC, laptop & tablet market 460 million units USD 1.1-1.8 billion market opportunity
Slide 11: Uniquely positioned to expand in PC market through aligned roadmaps with Intel, AMD and Qualcomm
Uniquely positioned to expand in PC market through aligned roadmaps with Intel, AMD and Qualcomm Aligned roadmaps with key CPU partners Other 81% 19% 0.1% 0.5% Laptop Market • Intel, AMD and Qualcomm representing share over 99% of total CPU market combined • Enabling our platform for all PC manufact
Slide 12: PC market concentrated by few high-volume companies
PC market concentrated by few high-volume companies PC/laptop market 1 Market share Q1 20221, Units FY 20212 • Approximately 341 million units of Desktops and Notebooks shipped in 2021 17% 20% • Elliptic’s partnership with key CPU manufacturers enables our software on all laptops • Competing hardwar
Slide 13: First software-only presence sensor launched on top-selling Lenovo laptop
First software-only presence sensor launched on top-selling Lenovo laptop Lenovo ThinkPad T14 with new functionality Elliptic’s AI Virtual Presence Sensor debut on Lenovo’s ThinkPad T14 • Initial functionality − Presence detection reusing existing microphone and speaker (ultrasound technology) − Ell
Slide 14: Multiple opportunities for expansion
More Virtual Multiple opportunities Smart Sensors for expansion Launched with Lenovo and signed agreements for future expansion on +20 laptop models Laptops example More More +20 applicable in all verticals customers models 14
Slide 15: Building a position in the IoT market
Additional growth opportunity Building a position in the IoT market 2.1 billion units USD 1 billion market opportunity
Slide 16: IoT market entry through license agreement with Bosch
IoT market entry through license agreement with Bosch First step penetrating the IoT market On target to deliver on our first IoT product: Bosch Spexor • Elliptic Labs and Syntiant to bring always-on, ultra- low-power experiences to Bosch’s Spexor device − Improvements driven by Elliptic Labs’ Virtu
Slide 17: Clear path towards significant revenue
Clear path towards significant revenue Key value drivers 2023 revenue target • Revenue growth: − PCs, Laptops & Tablets: Positioned to be the standard − Smartphones: Established and growing market position Building position in the IoT market − IoT: Entered through license agreement − Increased price
Slide 18: Q&A - 2023 targets
Q&A 2023 targets Building position in the IoT market Revenue 500 NOK million Laptops our next key growth vertical EBITDA >50% Continued Smartphone expansion 18
Slide 19: Disclaimer - Important information
Disclaimer - Important information The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its content
Slide 20: Appendix
Appendix ellipticlabs
Slide 21: Investment highlights
Investment highlights Scalable AI software platform company with global customers and partners • Providing Virtual Smart Sensors that make devices smarter, more human- and environmentally-friendly • Commercial success with global tier 1 manufacturers in the smartphone, PC and IoT markets • Semicondu
Slide 22: Wide-ranging opportunities across significant markets
Wide-ranging opportunities across significant markets Smartphones PCs, Laptops & tablets IoT Smart TVs Automotive Number of units 1.4bn 460m 2.1 bn 400m 100m x Price of Infrared Time-of-Flight / Radar Time-of-Flight/Infrared Time-of-Flight Radar alternatives USD 0.10 – 0.25 USD 2.5 – 4.0 USD 0.10 –
Slide 23: Sensors touch every aspect of life and drive the digital transformation
Sensors touch every aspect of life and drive the digital transformation Our vision is to build the leading software platform for all sensors, making every device smarter, more human- and environmentally-friendly Significant opportunity in prioritized markets AI Virtual Smart Sensor Platform™ Virtual
Slide 24: AI Virtual Smart Sensor Platform
AI Virtual Smart Sensor PlatformTM Laila Danielsen, CEO laila@ellipticlabs.com Lars Holmøy, CFO & Investor Relations lars.holmoy@ellipticlabs.com