Elliptic Laboratories Asa · OSL:ELABS
Elliptic Laboratories Asa — Elliptic Labs — Investor Presentation (March 2022)
26 slides from Elliptic Laboratories Asa's investor presentation, Mar 3, 2022
Slide 1: AI Virtual Smart Sensor Platform
AI Virtual Smart Sensor Platform TM Laila Danielsen, CEO Investor Presentation| March 2022
Slide 2: Sensors touch every aspect of life and drive the digital transformation
Sensors touch every aspect of life and drive the digital transformation Our vision is to build the leading software platform for all sensors, making every device smarter, more human- and environmentally-friendly
Slide 3: Our AI Virtual Smart Sensor Platform makes devices intelligent
Our AI Virtual Smart Sensor PlatformTM makes devices intelligent Leveraging existing single Elliptic Labs’ purpose sensors Virtual Smart SensorsTM Microphones AI Virtual Smart Speakers Sensor Platform™ Virtual Proximity Virtual Presence Sensor Sensor Time-of-flight Software technology Touch using AI
Slide 4: Billions of devices use hardware sensor components
Billions of devices use hardware sensor components Our USD 5.5 billion market opportunity USD 1-2bn USD 1.1 – 1.8bn USD 1bn USD 1bn USD 140 – 350m Smartphones PCs, Laptops & tablets IoT IoT - Smart TVs Automotive
Slide 5: The market is dominated by non-intelligent hardware sensor components
The market is dominated by non-intelligent hardware sensor components Hardware sensor components Hardware sensors technology cost Cost per unit (USD) $ 10 - 20 • Microphone and speaker − In most devices for standard audio and voice control • Infrared Proximity Sensor: − Mature and incumbent technolo
Slide 6: We reduce cost, risk & environmental footprint while adding more capabilities
We reduce cost, risk & environmental footprint while adding more capabilities Replacing hardware sensor components Reducing environmental footprint • AI Virtual Smart Sensor Platform™ can replace Decrease Reduce emissions and infrared, time-of-flight and radar sensors for component waste environment
Slide 7: The smartphone market
Our first vertical The smartphone market 1.4 billion units USD 140-350 million market opportunity
Slide 8: Increasing adoption rate in smartphone market after a decade of development
Increasing adoption rate in smartphone market after a decade of development Penetrating the smartphone market 47 announced1 models using our Three announced1 launches in Q4’21 software • Developed high software 47 Xiaomi precision and credibility through 42 Redmi Note 11 Redmi Note 11 pro years of e
Slide 9: Majority of revenues are based on smartphones
Majority of revenues are based on smartphones Smartphone revenue development NOK million, LTM 44.0 • Strong year-over-year revenue growth in smartphones vertical 34.1 31.9 30.2 • Flexible pricing model 23.1 − Volume based license fee per unit/device − Subscription fee − Enterprise/annual license fee
Slide 10: The PC, laptop & tablet market
Our next growth vertical The PC, laptop & tablet market 460 million units USD 1.1-1.8 billion market opportunity
Slide 11: Uniquely positioned to expand in PC market through aligned roadmaps with Intel, AMD and Qualcomm
Uniquely positioned to expand in PC market through aligned roadmaps with Intel, AMD and Qualcomm Aligned roadmaps with key CPU partners Other 81% 19% 0.1% 0.5% • Intel, AMD and Qualcomm representing over 99% of total CPU market combined Laptop Market share • Enabling our platform for all PC manufact
Slide 12: PC market concentrated by few high-volume companies
PC market concentrated by few high-volume companies 2021 laptop market volumes1 Million units 102 • Lenovo is the market leading OEM with ~20% market share in a 500+ million-unit market 74 • Elliptic’s partnership with key CPU manufacturers 60 enables our software on all laptops • Competing hardware
Slide 13: First software-only presence sensor launched on top-selling Lenovo laptop
First software-only presence sensor launched on top-selling Lenovo laptop Lenovo ThinkPad T14 with new functionality Elliptic’s AI Virtual Presence Sensor debut on Lenovo’s ThinkPad T14 • Initial functionality − Presence detection reusing existing microphone and speaker (ultrasound technology) − Ell
Slide 14: We are set to grow along multiple dimensions
We are set to grow along multiple dimensions More customers AI Virtual Smart More customer models Sensor Platform™ Software technology using AI, ultrasound and sensor-fusion Sensing you and your surroundings More Products
Slide 15: Our software platform enables significant value creation for laptop manufacturers and end-users
Our software platform enables significant value creation for laptop manufacturers and end-users Reducing cost, risk and environmental footprint PoC agreements open large growth opportunities Number of Proof-of-Concept (PoC) Agreements in Laptops • Meeting price-point & performance for broad 9 deploy
Slide 16: Building a position in the IoT market
Additional growth opportunity Building a position in the IoT market 2.1 billion units USD 1 billion market opportunity
Slide 17: IoT market entry through license agreement with Bosch
IoT market entry through license agreement with Bosch First step penetrating the IoT market On target to deliver on our first IoT product: Bosch Spexor • Elliptic Labs and Syntiant to bring always-on, ultra- low-power experiences to Bosch’s Spexor device − Improvements driven by Elliptic Labs’ Virtu
Slide 18: Deployed in hundreds of millions devices and growing
Deployed in hundreds of millions devices and growing Global AI software company headquarter in Norway with presence Europe, Asia, and USA. Established in 2006. AI Virtual Smart Sensors for proximity, presence, 3D gestures, heartbeat Elliptic Labs’ detection, and other features applicable for multipl
Slide 19: Clear path towards significant revenue
Clear path towards significant revenue Key revenue drivers 2023 revenue target • PCs, Laptops & Tablets: First enterprise agreement signed − Positioned to be the standard Building position in the IoT market − Vertical to become the largest revenue driver • Smartphones: Established market position −
Slide 20: Investment highlights
Investment highlights Scalable AI software platform company with global customers and partners • Providing Virtual Smart Sensors that make devices smarter, more human- and environmentally-friendly • Commercial success with global tier 1 manufacturers in the smartphone, PC and IoT markets • Semicondu
Slide 21: AI Virtual Smart Sensor Platform
AI Virtual Smart Sensor PlatformTM Laila Danielsen, CEO laila@ellipticlabs.com Lars Holmøy, CFO & Investor Relations lars.holmoy@ellipticlabs.com
Slide 22: Appendix
Appendix ellipticlabs
Slide 23: Wide-ranging opportunities across significant markets
Wide-ranging opportunities across significant markets Smartphones PCs, Laptops & tablets IoT Smart TVs Automotive Number of units 1.4bn 460m 2.1 bn 400m 100m x Price of Infrared Time-of-Flight / Radar Time-of-Flight/Infrared Time-of-Flight Radar alternatives USD 0.10 – 0.25 USD 2.5 – 4.0 USD 0.10 –
Slide 24: KPI dashboard
KPI dashboard Patents Partner-agreements Proof-of-Concept Contracts Models launched 56 12 52 46 32 41 20 12 42 15 12 9 27 51 9 18 38 36 40 41 7 7 5 4 5 7 1 3 1 1 1 3 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Granted General market Smartphones
Slide 25: Disclaimer - Important information
Disclaimer - Important information The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its content
Slide 26: AI Virtual Smart Sensor Platform
AI Virtual Smart Sensor PlatformTM