Slide 1: Unleash the Power of 5G mmWave
UNLEASH THE POWER OF 5G mmWAVE FOURTH QUARTER AND FULL YEAR 2021 EARNINGS CALL Copyright © 2022 Peraso Inc. 1
Slide 2: Safe Harbor and Forward-Looking Statements
SAFE HARBOR AND FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding the completion of business combination, the future results of operations, business
Slide 3: Company Overview
COMPANY OVERVIEW • Became Public through merger with MoSys, Inc. in 2021 • 12 years of experience in mmWave RF Antenna design • Field Proven high-performance mmWave phased array - Advanced Beamforming • Fully integrated solutions; mmWave antennas, RF phased array transceivers, on-the-fly calibration
Slide 4: 5G Wireless Demand Is Outpacing Network Capacity
5G WIRELESS DEMAND IS OUTPACING NETWORK CAPACITY Demand Capacity for Data in U.S. Networks • Video set to dominate traffic with apps such as TikTok, Facebook Reels, Netflix and Twitch • Video resolution continues to increase to 4k and eventually 8k Source: Mobile Experts: 5G Business Case Dec 2021 •
Slide 5: Established and Sustainable Advantages
ESTABLISHED AND SUSTAINABLE ADVANTAGES Performance Experience Customer Switching Costs Cost Advantages Relationships Platform of Volume Customers Proven execution Deep mmWave RF production of shipping in mmWave RF engagement with circuits coupled mmWave RF equipment circuits where customers with pro
Slide 6: Technology Backed by Strong IP & Patent Portfolio
TECHNOLOGY BACKED BY STRONG IP & PATENT PORTFOLIO mmWave RF in Silicon Essential Claims High-performance, highly Peraso has participated in integrated mmWave RF mmWave standard circuits and systems in development and has silicon essential claim patents Most Comprehensive mmWave Antennas Software Sup
Slide 7: Market Advantages of Beamforming / Beam-Steering
MARKET ADVANTAGES OF BEAMFORMING / BEAM-STEERING • Enables longer distance links for mmWave RF devices • Provides an excellent countermeasure to cybersecurity attacks • Limits interference, which is important for the user experience in applications like AR/VR • Allows more access points in a given a
Slide 8: Vertical Integration >> Premier Module Solutions
VERTICAL INTEGRATION >> PREMIER MODULE SOLUTIONS Software Stack mmWave Antenna System Design Production Test mmWave RF circuits mmWave Baseband PCB/BOM Design Vertical Integration offers competitive cost structure, reduced time-to-market Copyright © 2022 Peraso Inc. 8
Slide 9: mmWave Shipping into Broad and Growing Applications
mmWAVE SHIPPING INTO BROAD AND GROWING APPLICATIONS 5G/Fixed Wireless Consumer Electronics Access Multi-gigabit, low latency Metaverse, laptops, tablets, hotspots, Internet connectivity video conferencing Copyright © 2022 Peraso Inc. 9
Slide 10: Proven Solutions for Fixed Wireless Access
PROVEN SOLUTIONS FOR FIXED WIRELESS ACCESS • SHIPPING mmWave chipsets to the fixed wireless market since 2017 • PRICE/PERFORMANCE advantage over competition in 60GHz Fixed Wireless Access • 29km links - estimated to be 10X longer than the competition* Customer Deployment Using Peraso: 29km * Peraso
Slide 11: 5G Fixed Wireless Access
5G FIXED WIRELESS ACCESS • Natural EVOLUTION from existing 60GHz products • Offers COMPETITIVE ALTERNATIVE to fixed line internet access in both urban and rural deployments • mmWave is a CRITICAL component of 5G and 5G Fixed Wireless Access ecosystem • Peraso solutions TARGETING 5G Fixed Wireless Ac
Slide 12: Consumer Electronics
CONSUMER ELECTRONICS • mmWave provides high-performance, low latency links for consumer applications • Shipping into consumer devices requiring high speed wireless links • 5G represents a major opportunity in terms of wireless network access for laptops, tablets Consumer Electronics Adding to Peraso
Slide 13: Metaverse
METAVERSE • Providing carriers with new content delivery options • 5G mmWave provides low latency access, enabling real-time and near real-time applications • UHD 4K streams going to 8K and 16K for lifelike visuals • AR/VR/XR → 95 million users by 2022 (Statista) • Very low latency (<5ms) at Ultra-h
Slide 14: Memory Products
MEMORY PRODUCTS • Memory IC product line acquired through combination with MoSys • Silicon Accelerator Engine and Intelligent Memory ICs • Bandwidth Engine and Programmable HyperSpeed Engine • High-speed, serial-attached, optimized for Intel/Xilinx FPGA applications Bandwidth Engine IC • Products ar
Slide 15: Financial Update
FINANCIAL UPDATE Copyright © 2022 Peraso Inc. 15
Slide 16: Income Statement and Non-GAAP Reconciliation
Income Statement and Non-GAAP Reconciliation Income Statement Non-GAAP Reconciliation and Adjusted EBITDA PERASO INC. PERASO INC. Reconciliation of GAAP and Non-GAAP Financial Information CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands; unaudited) (In thousands, except per share amount
Slide 17: Balance Sheet and Capitalization
Balance Sheet and Capitalization Q4 - Dec 31, 2021 Q4 - Dec 31, 2021 Balance Sheet Capitalization ($ in millions) (shares in millions) Cash & Investments $18.1 TSO (2) 19.8 Total Assets (1) $48.0 Escrow shares (3) 1.8 Debt - Warrants 0.1 Total Liabilities $5.9 Options & RSUs 1.7 Stockholders’ Equity
Slide 18: Summary
SUMMARY • Increase in 5G wireless demand has strained the existing wireless spectrum • The use of mmWave in 5G networks is inevitable. Existing ‘beachfront’ property is disappearing • Peraso is a leader in mmWave technology with a clear and defensible competitive advantage • Peraso is a pure play in
Slide 19: Copyright © 2022 Peraso Inc.
Copyright © 2022 Peraso Inc. 19