Slide 1: Q2 2023 Earnings Presentation
Q2 2023 Earnings Presentation August 2, 2023
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz’s products, the markets in which Innoviz ope
Slide 3: Our Vision
OUR VISION Become the World’s Leading Tier 1 Supplier of LiDAR & Perception Software © Innoviz Technologies Ltd. 2023 All Rights Reserved – Proprietary & Confidential. 3 No Part of this Document May be Reproduced or Disclosed in Any Manner.
Slide 4: First Generation BMW Program Production Units
First Generation Began shipping SOP ramping Pursuing production units through the back integration with BMW Program in 3Q23 half of 2023 additional models Production Units Shipped Deploying on the BMW 7 Series © Innoviz Technologies Ltd. 2023©All Innoviz RightsTechnologies Reserved – Proprietary Ltd
Slide 5: Second Generation LiDAR Development for BMW
Second Generation LiDAR Development for BMW Strong vote of confidence from a major OEM Beginning development of Opportunity for substantial B-Samples for second- NRE and sample generation BMW LiDAR shipments program Developing a much broader Will enable BMW Group to suite of solutions – LiDAR, decid
Slide 6: New InnovizCore AI Compute Module
New InnovizCore AI Compute Module A platform for future software growth Decentralized compute power dedicated to advanced LiDAR-based software solutions – offers Innoviz a base for further expansion of AI-driven software Most advanced Convolutional Neural Network (CNN) accelerators available, design
Slide 7: Minimum Risk Maneuver (MRM) Software
Minimum Risk Maneuver (MRM) Software Growing our software mix Moving up the Deepens A potential new first Financial software stack integration with for LiDAR tailwind First instance where customers Aiming to be the first Increased software mix Innoviz software will be Further assimilates our instanc
Slide 8: Second Generation Custom ASIC
Second Generation Custom ASIC Unlocks new levels of performance Meaningfully better point cloud – more points per second Extends maximum detection range to over 450 meters Unlocks increased software functionality Enables us to support more configurations with one product Major source of competitive
Slide 9: Rapidly Advancing Our Resolution
Rapidly Advancing Our Resolution 2016 PROTOTYPE I A key competitive advantage 2017 PROTOTYPE II 40x performance 70% Cost Reduction 2018 INNOVIZ PRO 20x Performance 60% Cost Reduction 2020 INNOVIZONE 20x Performance 60% Cost Reduction 2022 INNOVIZTWO 30x Performance 70% Cost Reduction © Innoviz Techn
Slide 10: Able to Support Multiple LiDAR Configurations With One Architecture
Able to Support Multiple LiDAR Configurations With One Architecture Increases our volumes and drives structural cost leadership © Innoviz Technologies Ltd. 2023 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 10
Slide 11: New Light Commercial Vehicle Program
New Light Commercial Vehicle Program Revenues expected to grow in 2H23 with accelerated deployment path Sample units began shipping end of 2Q23, expected to ramp in 2H23 Test vehicles with our units replacing development stage competitor’s units; should be on the road later this year SOP targeting m
Slide 12: Market Capture Window 2023-24
Market Capture Window 2023-24 Opportunity to solidify clear leadership position Majority of automotive OEM share likely to be awarded in Innoviz Pipeline 1 the next 12-18 months 10-15 Programs in Concentrated ultimately expected to RFI or RFQ be a winner takes most, ~2-3 player market - Safety Criti
Slide 13: Q2'23 Financial Update
Q2’23 Financial Update Eldar Cegla, Chief Financial Officer
Slide 14: Cash Position & Financial Update
Cash Position & Financial Update Revenues for Q2 2023 Liquidity of $130M in cash and cash equivalents, short-term deposits, short term restricted cash and marketable securities as of June 30, 2023 YoY QoQ Innoviz operating cash burn in the second quarter of 2023 was within planned budget $1.5M $1.8M
Slide 15: Raising 2023 Targets
Raising 2023 Targets Sources of Pre- Solid progress YTD Production Income Customer Targets Sample Units +1-3 +2 Much higher ASPs than production units – typically $5,000-15,000 Additional Programs with New Series Production Existing Customers Awards with New Customers Non-Automotive Sales Previously
Slide 16: Strong Momentum on Multiple Fronts
Strong Shipped production units Launched B-Samples for second generation Expanding our product offering with Momentum on for first development development of generation BMW program at BMW compute module Multiple Fronts and MRM Upgraded ASIC AI powered tools Light commercial unlocks increased enable
Slide 17: Upcoming IR Calendar
Upcoming IR Calendar August 9-10 J.P. Morgan 2023 Auto Conference, NYC August 22-23 3rd Annual Needham SemiCap and EDA 1x1 Conference, Virtual September 6-8 Citi's 2023 Global Technology Conference, NYC September 11-13 Jefferies Israel Tech Trek Conference Contact Investors@innoviz-tech.com © Innovi
Slide 18: Thank You!
Thank You! © INNO VIZ TECHNOLOGIES