Slide 1: Q2 2024 Earnings Presentation
Q2 2024 Earnings Presentation August 7, 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements within the Many factors could cause actual future events, and, in the case of our forward- meaning of the federal securities laws, including statements regarding the looking revenue and NRE bookings, actual orde
Slide 3: Our Vision
OUR VISION Become the World’s Leading Tier 1 Supplier of LiDAR & Perception Software © Innoviz Technologies Ltd. 2024 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be 3 Reproduced or Disclosed in Any Manner.
Slide 4: Q2 2024 Highlights
Q2 2024 Highlights Continued strong performance on all fronts Engaging with new and existing customers • Revenues of $6.7m, compared to $1.5m in Q2 2023 across the globe • Above guidance range of $4-5m Offering short-range LiDAR for more prospective Reached an important agreement with a major custom
Slide 5: Innoviz to Supply a Major Platform Partner
Innoviz to Supply a Major Platform Partner Reached agreement in which a major platform partner will integrate Innoviz short- and long-range LiDARs to its Level 4 platform SOP commencing in 2026 Multiple InnovizTwo short- and long-range LiDARs; quicker generation of significant volumes Platform was a
Slide 6: Delivering Short- and Long-Range LiDAR Solutions
Delivering Short- and Long-Range Expanding our offerings leveraging maturity of the InnovizTwo platform LiDAR Solutions Customers benefit from single supplier; lower cost and time with smaller risk Providing short- and long-range bundle to X3-6 X4-6 a credible partner with higher income per InnovizT
Slide 7: Maturing InnovizTwo and Progressing Industrialization
Maturing InnovizTwo and Progressing Industrialization Introduced more compact configuration of InnovizTwo B Sample Production process updates expected to be complete during Q3 2024 Large orders for new InnovizTwo configuration already placed, will be able to ship to customers once production capacit
Slide 8: Providing Advantage with AI Perception Software
Providing Advantage with AI Perception Software Advanced AI Perception Software has been updated to be compatible with InnovizTwo, just finished first tour to show customers Notable OEMs impressed by unique long- and short-range LiDARs coupled with our AI Perception Software - a key differentiator S
Slide 9: Level 3 and Level 4 Market Activity
Level 3 and Level 4 Market Activity Level 3 programs have higher vehicle volumes with 1-2 LiDARs per vehicle; X1-2 Level 4 volumes are growing and have 6 or more LiDARs per vehicle, depending on vehicle type Level 4 programs feature short- and long-range, Level 3 is long-range only Combined volumes
Slide 10: InnovizTwo to be deployed in The Indoor Lab's airport portfolio
InnovizTwo to be deployed in The Indoor Lab’s airport portfolio Program aims to keep passengers safe, improve operational efficiencies at airports, and mitigate damage to airport property InnovizTwo will be deployed in the Denver International Airport, the Nashville International Airport, and the Ta
Slide 11: Pipeline Update
Pipeline Update Increased number of programs with higher level of short-range activity More than 15 50% in RFQ stage New RFQ with Level 4 trucking programs currently important potential opportunity in the pipeline, all customer for second progressing with large require long-range, generation Level 3
Slide 12: Broader Market Observations
Broader Market Observations Customers require technology that meets safety standards, solves issues and provides seamless autonomous experience Potential customers recognizing advantages of Innoviz’s technology Engaged in various stages of conversations with potential customers to replace their curr
Slide 13: Q3 2024 Targets
Q3 2024 Targets Continued confidence in achieving Full Year Targets Reiterating Reiterating 2-3 $20-70M $3.5-5M 3Q24 Quarterly Additional Customer 2024 New NRE Revenue Programs in 2024 Bookings Compared to $3.5M 3Q23 Revenue © Innoviz Technologies Ltd. 2024 All Rights Reserved – Proprietary & Confid
Slide 14: Q2'24 Financial Update
Q2’24 Financial Update Eldar Cegla, Chief Financial Officer
Slide 15: Q2 2024 Financial Update
Q2 2024 Financial Update Liquidity of $106.4M* Q2 2024 Revenues $21.6M $6.7M $6.7M Decreased cash used in Revenues were $6.7M, operations and capital compared to revenues of expenditures of $21.6M, $1.5M in Q2 2023 compared to $27.6 million in Q2 2023 and $23M in Q1 2024 $1.5M Decreased operating R&
Slide 16: Key Takeaways
Key Takeaways Reached an Reached Delivered agreement with Continued agreement with revenues major platform progress in The Indoor Lab above partner for its pipeline; ~50% to deploy Innoviz guidance Level 4 Platform in RFQ stage LiDARs in airport range portfolio High multiples Updated AI Maintaining
Slide 17: Upcoming IR Calendar
Upcoming IR Calendar August 27-28 Jefferies Semiconductor, IT Hardware & Communications Technology Conference - Chicago September 11 Jefferies Tech Trek 2024 – Tel-Aviv, Israel Contact Investors@innoviz-tech.com © Innoviz Technologies Ltd. 2024 All Rights Reserved – Proprietary & Confidential. 17 No
Slide 18: Thank You!
Thank You! ro) INNOVIZ TECHNOLOGIES