Weebit Nano Ltd. · ASX:WBT
Weebit Nano — Investor Presentation (November 2024)
49 slides from Weebit Nano's investor presentation, Nov 14, 2024
Slide 1: Accelerating Progress with Commercial Deals
For personal use only Accelerating Progress with Commercial Deals 14 November 2024 Investor Presentation
Slide 2: Important notice and disclaimer
Important notice and disclaimer IMPORTANT: You are advised to read the following carefully before making any use of the information contained in this presentation. SUMMARY INFORMATION For personal use only This presentation has been prepared by Weebit Nano Limited (ACN 146 455 576) ('Issuer' or ‘Wee
Slide 3: Important notice and disclaimer
Important notice and disclaimer NOT FOR RELEASE TO U.S. WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES This presentation may not be released to U.S. wire services or distributed in the United States. This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, an
Slide 4: Important notice and disclaimer
Important notice and disclaimer The financial information in this presentation is presented in an abbreviated form insofar as it does not include all the presentations and disclosures, statements or comparative information as required by the AAS and other mandatory professional reporting requirement
Slide 5: Important notice and disclaimer
Important notice and disclaimer Investors are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and geopolitical tensions such as the Middle East and Russian-Ukrainian military conflicts. Forward-looking statements are
Slide 6: Important notice and disclaimer
Important notice and disclaimer The lead manager and its respective Beneficiaries: • have not independently verified any of the information in this presentation and take no responsibility for any part of this presentation or the capital raising; • have not authorised, permitted or caused the issue,
Slide 7: Important notice and disclaimer
Important notice and disclaimer EFFECT OF ROUNDING A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figure set out in this pre
Slide 8: Introduction
For personal use only Introduction Weebit Nano Proprietary 8
Slide 9: Weebit: Leading Vendor of ReRAM IP
Weebit: Leading Vendor of ReRAM IP Advanced Non-Volatile Memory (NVM) Now Entering Production For personal use only Founded: 2015 Multiple commercial deals Located: Israel & France AU $1million revenues received 50 personnel(1) (90% Ongoing discussions & evals engineers/scientists; 13 PhDs) with >12
Slide 10: Semiconductors Represent an Incredible Opportunity
Semiconductors Represent an Incredible Opportunity Semiconductors are everywhere, driving world markets For personal use only Most of the world’s top companies design or make semiconductors2 1. Microsoft 2. Apple 3. Nvidia 4. Alphabet 5. Amazon 6. Meta 7. TSMC 8. Berkshire Hathaway 9. Eli Lilly 10.
Slide 11: Investment in Semiconductors Ramping up Globally
Investment in Semiconductors Ramping up Globally A growing opportunity for IP solutions A record number of new fabs are coming Fab costs are skyrocketing; even the largest For personal use only online over the next couple of years1 product companies license IP and use foundries3 Samsung Taylor, 3nm;
Slide 12: Strong Board With World-renowned Semiconductor Industry Experience
Strong Board With World-renowned Semiconductor Industry Experience For personal use only David (Dadi) Perlmutter Dr. Yoav Atiq Raza Naomi Simson Ashley Krongold Coby Hanoch Nissan-Cohen NON-EXEC. NON-EXEC. NON-EXEC. CEO CHAIRMAN NON-EXEC. DIRECTOR DIRECTOR DIRECTOR DIRECTOR Copyright 2024 Weebit Nan
Slide 13: Strong & Experienced Management
Strong & Experienced Management For personal use only Coby Hanoch Ishai Naveh Ilan Sever Amir Regev Issachar Eran Briman Alla Felder CEO CTO VP R&D VP QUALITY & Ohana VP MARKETING & CFO RELIABILITY CRO BUSINESS DEV. Copyright 2024 Weebit Nano, Ltd. 13
Slide 14: The ReRAM Difference
The ReRAM Difference ReRAM is the Emerging Memory Best Positioned to Lead the Next NVM Wave For personal use only eFlash MRAM PCM ReRAM Weebit is the Reliability High-temp reliability only independent provider of Radiation immunity qualified ReRAM EMI immunity Performance Low power consumption We ca
Slide 15: Recent Achievements
For personal use only Recent Achievements Weebit Nano Proprietary 15
Slide 16: Significant Progress in Last Months
Significant Progress in Last 12 Months As of Sept. 2023 As of Sept. 2024 For personal use only • 2 commercial deals • 1 commercial deal Business • Evals with >20 foundries/IDMs/fabless cos worldwide • Engaged with a few foundries and IDMs Engagements • Partnering with Efabless • Extending China ecos
Slide 17: Proceeding Towards Qual with Second Foundry to Adopt Weebit ReRAM
Proceeding Towards Qual with Second Foundry to Adopt Weebit ReRAM A global top-tier foundry HQ in South Korea For personal use only One of world’s top-tier foundries for analog & power ICs Annual revenue of US$1.3 billion DB HiTek licensed Weebit ReRAM for customer integration Targeting 130nm
Slide 18: Weebit ReRAM on GF 22nm FD-SOI Wafers
Weebit ReRAM on GF 22nm FD-SOI Wafers Live demo of ReRAM module prototype on GlobalFoundries’ 22FDX® wafers Highlights some of the many advantages of Weebit ReRAM For personal use only E.g., scalability, low power, speed Shows ReRAM is a viable solution in this advanced geometry where embedded flash
Slide 19: IP Business Model
IP Business Model Foundry Process IP For personal use only License + NRE $ $ $ $ Copyright 2024 Weebit Nano, Ltd. 19
Slide 20: IP Business Model: Benefits of IP Model
IP Business Model Benefits of IP Model Foundry Process IP Low COGS For personal use only Direct costs are License + NRE $ associated with supporting and maintaining IP $ Royalties $ No inventory $ $ $ Royalties High gross and Design IP Paid directly to Weebit operating margins Royalties License + NR
Slide 21: Every Foundry Deal Represents Multiple Customer Opportunities
Every Foundry Deal Represents Multiple Customer Opportunities For personal use only FOUNDRY FOUNDRY Coming Coming Soon Soon FOUNDRY FOUNDRY Product Company Copyright 2024 Weebit Nano, Ltd. 21
Slide 22: Huge Opportunities Ahead
For personal use only Huge Opportunities Ahead Weebit Nano Proprietary 22
Slide 23: Addressing Fast-Growing Semiconductor Markets
Addressing Fast-Growing Semiconductor Markets $207.17 Billion TAM in Customer Markets For personal use only Power Management ICs Automotive Semiconductors $61.7B by 2032 Mixed-Signal $84.3B by 2028 6.9% CAGR Power Management 11.9% CAGR Automotive IoT Microcontrollers IoT / MCUs Semiconductor Aerospa
Slide 24: The Growing Opportunity for ReRAM
The Growing Opportunity for ReRAM Embedded ReRAM growing rapidly across numerous applications 1,200 $1,000 Total Embedded ReRAM Market For personal use only $900 1,000 $800 $700 800 $600 Units: 75% CAGR 600 $500 Revenues: 177% CAGR 2023-2029 $400 400 $300 $200 200 $100 0 $0 2019 2020 2021 2022 2023
Slide 25: The Transformation of the Embedded NVM Market
The Transformation of the Embedded NVM Market The market has transitioned over the last 1-2 years, and today it is clear to everyone that ReRAM is it! 2022 – The Transformation Begins For personal use only Automotive 2023 – Broadening Applications MCU 28nm 2023 – Market Momentum Power Mgmt. Infineon
Slide 26: ReRAM to Drive Innovation for Edge AI and Future Neuromorphic Compute
ReRAM to Drive Innovation for Edge AI and Future Neuromorphic Compute CPU I/Os For personal use only CPU I/Os In-Memory-Compute System SRAM AI Engine CPU I/Os System SRAM NVM (ReRAM) AI Engine System SRAM SRAM Future ReRAM-based Neuromorphic AI Engine Computing ReRAM-based Near-Memory Systems: mimic
Slide 27: We've Got What it Takes
We’ve Got What it Takes State-of-the-art ReRAM requires intimate cooperation between the different disciplines For personal use only Precise characterization and rigorous testing ensure continuous improvements Device Test and characterization team enables fast adjustments higher reliability/yield
Slide 28: What's coming next?
For personal use only What’s coming next? Weebit Nano Proprietary 28
Slide 29: Progressing with Foundries, IDMs and Product Companies
Progressing with Foundries, IDMs and Product Companies In different levels of evaluation/negotiation with most of the top foundries and IDMs For personal use only Increasingly moving from technical Leading Foundries and Integrated Device Manufacturers* evaluations to business discussions Infineon Ma
Slide 30: Weebit Nano Key Targets for CY 2025
Weebit Nano Key Targets for CY 2025 For personal use only Fabs Products Qualification Three new Three new Complete licensing agreements with qualification at agreements product companies DB HiTek Delivering on these milestones will continue to cement Weebit’s position as the leading independent prov
Slide 31: Equity Capital Raising
For personal use only Equity Capital Raising Weebit Nano Proprietary 31
Slide 32: Equity Raising Overview
Equity Raising Overview A fully committed and partially underwritten ~$50.0 million institutional placement1 of approximately 16.1 million new Size and shares equating to ~8.5% of existing Weebit shares on issue, falling within the Company’s existing placement capacity Structure under ASX Listing Ru
Slide 33: Sources and Uses
Sources and Uses Sources Uses For personal use only Continued improvement of Placement 50.0 24.0 WBT’s ReRAM technology Advance commercialisation of 24.0 WBT’s technology Transaction costs 2.0 Total 50.0 Total 50.0 Copyright 2024 Weebit Nano, Ltd. 33
Slide 34: Indicative Placement Timeline
Indicative Placement Timeline Event Date For personal use only Announcement of Placement Thursday, 14 November 2024 Bookbuild in respect of Placement completes Announcement of results of Placement Thursday, 14 November 2024 Settlement of Placement shares Thursday, 21 November 2024 Allotment of Place
Slide 35: Key Risks
For personal use only Key Risks Weebit Nano Proprietary 35
Slide 36: Key Risks
Key Risks An investment in Weebit involves general risks associated with an investment in the share market. The price of New Shares may rise or fall. There are also a number of risk factors, both specific to Weebit and of a general nature, which may affect the future operating and financial performa
Slide 37: Key Risks (cont'd)
Key Risks (cont’d) (b) Conflict in Middle East, Ukraine and growing uncertainty in geopolitical environment Uncertain geopolitical conditions that impact the global economy, including the ongoing conflicts in Ukraine and the Middle East, have led to, and may continue to result For personal use only
Slide 38: Key Risks (cont'd)
Key Risks (cont’d) 1.2 Risks in respect of Weebit’s current operations (a) Existing technology risks For personal use only Current memory storage technologies like DRAM, NAND Flash and NOR Flash face technological barriers to meet long term customer requirements and demands. These barriers include t
Slide 39: Key Risks (cont'd)
Key Risks (cont’d) (d) Competition and new technologies The industry in which Weebit is involved is subject to increasing domestic and global competition which is fast-paced and fast-changing. There are various companies working to develop alternative memory and data storage solutions, including the
Slide 40: Key Risks (cont'd)
Key Risks (cont’d) (g) Reliance on key management For personal use only The responsibility of overseeing Weebit’s day-to-day operations and the execution of its growth strategy depends substantially on its senior management and Directors. The market for talented personnel in the semiconductor indust
Slide 41: Key Risks (cont'd)
Key Risks (cont’d) (j) Protection of intellectual property rights Weebit continues to pursue intellectual property protection in the form of patents for newly developed technologies. However, if Weebit fails to protect its intellectual property rights, For personal use only competitors may gain acce
Slide 42: Key Risks (cont'd)
Key Risks (cont’d) 1.3 Offer Risks (a) Offer risks For personal use only There is a risk that the amount of proceeds that may be raised by Weebit may be adversely impacted by one or more events which may or may not be within the control of Weebit including in respect of the underwritten amount of th
Slide 43: Key Risks (cont'd)
Key Risks (cont’d) • ASX announces that the Shares will be delisted, removed from quotation, withdrawn from admission to trading status or suspended from quotation (for the avoidance of doubt, excluding a trading halt requested to facilitate the Placement); • ASX notifies Weebit, the Lead Manager, o
Slide 44: Key Risks (cont'd)
Key Risks (cont’d) • Weebit withdraws the Placement or any component of it; • Weebit indicates that it does not intend to or is unable to proceed with the Placement or any component of the Placement; • responses to the due diligence questionnaire or any other information supplied by or on behalf of
Slide 45: Key Risks (cont'd)
Key Risks (cont’d) • any of the following occurs: • a general moratorium on commercial banking activities in Australia, New Zealand, Hong Kong, Singapore, China, the United Kingdom, Canada, the European Union or the United States is declared by the relevant central banking authority in those countri
Slide 46: Key Risks (cont'd)
Key Risks (cont’d) (e) General economic risks Weebit is exposed to economic factors in the ordinary course of business. A number of economic factors / conditions, both domestic and global, affect the performance of financial markets generally, which could affect the price at which the Weebit’s secur
Slide 47: Key Risks (cont'd)
Key Risks (cont’d) (j) Changes in applicable law and regulations Weebit is subject to usual business risks such as there being changes in laws, regulations and government policy which may affect its operations and/or financial performance. Such changes may impact income or operational expenditure. W
Slide 48: Key Risks (cont'd)
Key Risks (cont’d) (o) Insurance and uninsured risks Although Weebit maintains insurance to protect against certain risks in such amounts as it considers to be reasonable, its insurance will not cover all the potential risks For personal use only associated with its operations and insurance coverage
Slide 49: Thank You!
Thank You! www.weebit-nano.com For personal use only