Slide 1: Tech that sees the human side of things
Tech that sees the human side of things
Slide 2: Well positioned for profitable growth
INVESTMENT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG TERM TIER 1 RELATIONS Series-production customer needs industr
Slide 3: Swedish tech company with patented waveguide technology
GAPWAVES IN BRIEF Swedish tech company with patented waveguide technology What we do Markets Value chain position Our main TIER 2 SUPPLIERS focus Example companies Radars for Automotive, Mobility and Smart City TIER 1 SUPPLIERS Example companies High-performance CAR antenna solutions Wireless commun
Slide 4: Q4 summary
Q4 summary 2024
Slide 5: Q4 Highlights: Financial summary
Q4 HIGHLIGHTS Financial summary Q4 FY24 • Strong topline growth, primarily driven by increased number of Net Sales Net Sales customer engagements SEK 17.6 m SEK 66.1 m • Improved earnings due to strong sales growth and limited +164% y-o-y +140% y-o-y increase in OPEX • Y-o-y growth excluding sale of
Slide 6: Highlights Q4
HIGHLIGHTS Q4 Highlights Q4 OCT NOV DEC DEC Q4 New joint New pilot-line New American New product Net Sales development and production Tier 1 sales supply agreement facility customer agreement MSEK 17.6 Adj. EBITDA MSEK -7.8 FY24 Net Sales MSEK 66.1 Adj. EBITDA MSEK -32.0
Slide 7: We grow together with our customers
BUSINESS MODEL AND STRATEGY We grow together with our customers Start of Revenue Prototypes Phase Design / NRE Agreement production Technology1) delivery model (SOP) Phase 3 2024 IMW Royalty Phase 3 2024 MLW Product sales Phase 3 2024 IMW Product sales Phase 3 2025 IMW Product sales (Automotive) Pha
Slide 8: Scalable and flexible with minimal Capex
BUSINESS MODEL AND STRATEGY Scalable and flexible with minimal Capex Gothenburg SWEDEN Antenna design and development Tianjin CHINA European supply chain Prototypes Flex line – Work in progress Chuzhou CHINA Industrialization Production Lower volume production High-volume production Partners Volume
Slide 9: Market potential
Market potential Automation drives radar growth
Slide 10: Regulation and consumer needs are strong drivers – Automation drives radar growth
MARKET POTENTIAL Regulation and consumer needs are strong drivers – Automation drives radar growth Market drivers Product impact Industry impact Automotive Radar forecast (million units) 350 > 3 radars NCAP1) Higher resolution Increasing demand per car 300 & Legislation & performance for Waveguide E
Slide 11: Strategic initiative in radar
BUSINESS MODEL AND STRATEGY Strategic initiative in radar Hugin D1 To elevate in value chain and expand into new segments 30% ownership in Sensrad AB Highly advanced radar sensor with new Gapwaves antenna technology Agreement with Tianyi (China) in ITS Sales growth and pipeline Several eva
Slide 12: Well positioned for profitable growth
INVESTMENT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG TERM TIER 1 RELATIONS Series-production customer needs industr
Slide 13: Q&A
Q&A
Slide 14: For more information
CONTACT For more information Jonas Ehinger Robert Berhof CEO CFO jonas.ehinger@gapwaves.com robert.berhof@gapwaves.com
Slide 15: Thank you!
Thank you! Follow us Gapwaves AB (publ) Corp. Reg. No. 556840-2829 Headquarters: Nellickevägen 22 SE-412 63 Gothenburg, Sweden Tel: +46 31 762 60 40 E-mail: info@gapwaves.com www.gapwaves.com