Mobix Labs, Inc. · NASDAQ:MOBX
Mobix Labs — SPAC Merger (November 2022)
39 slides from Mobix Labs's SPAC merger presentation, Nov 16, 2022
Slide 1: Investor Presentation November 2022
Investor Presentation November 2022 Shaping Tomorrow’s Connectivity TM
Slide 2: Disclaimer
2 7LETMRK8SQSVVS[ ƅ W 'SRRIGXMZMX] 81 Disclaimer 2 Cautionary Notes This presentation (together with oral statements made in connection herewith, this “Presentation”) is provided for informatio nal purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offe
Slide 3: Disclaimer (Cont'd)
Shaping Tomorrow’s Connectivity TM Disclaimer (Cont’d) 3 Forward - Looking Statements (Cont’d) Many factors could cause actual future events to differ materially from the forward - looking statements in this Presentation, inc luding, but not limited to: ( i ) the risk that the Potential Business Com
Slide 4: Disclaimer (Cont'd) Participants in Solicitation
4 7LETMRK8SQSVVS[ ƅ W 'SRRIGXMZMX] 81 Disclaimer (Cont’d) 4 Participants in Solicitation Mobix and Chavant and their respective directors and officers and other members of management may, under SEC rules, be deemed to be participants in the solicitation of proxies from Chavant’s stockholders with th
Slide 5: Mobix Labs Team
Shaping Tomorrow’s Connectivity TM Mobix Labs Team Day - to - Day Execution Independent Board of Directors Phil Sansone VP Sales Kirby Lam ):4 )RKMRIIVMRK Alex Gorbachov Senior Fellow, RF Systems and Architecture Kristen Schmidt VP Sales Operations Mark Wong EVP Marketing Keyvan Samini 4VIWMHIRX'*3
Slide 6: The Chavant Team has Comprehensive Investing Expertise and Operating Experience
6 7LETMRK8SQSVVS[ ƅ W 'SRRIGXMZMX] 81 The Chavant Team has Comprehensive Investing Expertise and Operating Experience Five PhDs in Electrical Engineering, Material Science Physics, and Chemistry, who have identified, created and operated technology category leaders, with over 150 years of collective
Slide 7: Transaction Summary
Shaping Tomorrow’s ConnectivityTM 7 Transaction Summary Transaction Overview Pro forma enterprise value of $276.4 million Transaction includes $30 million fully committed common stock PIPE at $10.00 per share The committed PIPE combined with an equity line of credit1 and other financing that M
Slide 8: Investment Highlights
8 Shaping Tomorrow’s Connectivity TM Investment Highlights Unique investment opportunity in a next generation, disruptive wireless semiconductor and connected solutions provider 8 Highly integrated RF, mixed signal, & analog solutions for next generation wireless networks Addressing emerging $155Bn+
Slide 9: Mobix Labs at a Glance
9 Shaping Tomorrow’s Connectivity TM Mobix Labs at a Glance Overview ▪ Industry veterans from top semiconductor companies ▪ In volume production with Active Optical Cables (“AOC”) since 2017 ▪ Next generation wireless ICs moving to sampling and testing with customers Fabless semiconductor company de
Slide 10: Digital Revolution is Flooding the World with Data
10 Shaping Tomorrow’s Connectivity TM 10 Discontinued Investment Highlights Digital Revolution is Flooding the World with Data The current explosion of data necessitates a vast increase in infrastructure 1G 1982 First Cell Phones 2G 1992 Texting 9.6 KB/s 3G 2001 Online Multi - Media 2 MB/ s 4G 2012
Slide 11: The Promise of "True" 5G
11 Shaping Tomorrow’s Connectivity TM Network 11 Investment Highlights The Promise of “True” 5G 5G is expected to meet the network needs of increasing data growth and realize the vision of new applications and user experi enc es Applications / Experiences 10x Experienced Throughput Decrease in Laten
Slide 12: Mobix Labs Products and Solutions Designed to Deliver "True" 5G
12 Shaping Tomorrow’s Connectivity TM Mobix Labs Products and Solutions Designed to Deliver “True” 5G Designed to deliver high speed, low latency solutions to enable the realization of next generation connected products and app lic ations Products Features Connectivity Solutions ▪ HDMI 18G / 48G ▪ D
Slide 13: Addressing Large, Growing Markets
13 Shaping Tomorrow’s Connectivity TM Addressing Large, Growing Markets TAM Growth ($bn) SAM Expansion ($bn) $155.2 $211.3 $309.2 $409.2 $560.3 2022 2023 2024 2025 2026 Addressable Markets: 5G Antenna LEO/SATCOM AOC 2026 SAM $149.0 2022 SAM $73.0 TAM and SAM poised for rapid growth and scaling of ne
Slide 14: Extensive Intellectual Property Portfolio
14 Shaping Tomorrow’s Connectivity TM 49 2 6 41 Pending Issued Pending Issued 52 17 17 11 United States Taiwan WIPO Other Extensive Intellectual Property Portfolio Status of Patent Portfolio Wireless AOC Patent Filings by Location 1. Other includes China, European Patent Convent, Hong Kong, Japan, a
Slide 15: Wireless Solutions
15 Shaping Tomorrow’s Connectivity TM Wireless Solutions
Slide 16: Challenges of 5G
16 Shaping Tomorrow’s Connectivity TM Challenges of 5G 5G Network Example Deployment ▪ Prohibitively expensive with current technology ▪ Top 5G performance only possible with mmWave ▪ mmWave requires ultra dense network deployment Signal Integrity ▪ mmWave has limited range of ~1000 ft ▪ Signal easi
Slide 17: Mobix Labs Value Proposition
17 Shaping Tomorrow’s Connectivity TM Mobix Labs Value Proposition Designed to accelerate and “future proof” 5G 17 Mobix Labs solutions intended to significantly reduce time - to - market and cost of deployment Performance ▪ Worldwide 5G frequency coverage ▪ High efficiency for longer battery life ▪
Slide 18: Mobix Labs True5G Universal Chipset
18 Shaping Tomorrow’s Connectivity TM Mobix Labs True5G TM Universal Chipset Mobix Labs Enables “ True ” 5G Every 5G connected device requires a wireless radio Typical 5G Radio Block Design Transmit Receive Beamformer Up Converter Beamformer Down Converter Synthesizer Baseband CPU 28 GHz 28 GHz Tran
Slide 19: Wireless Technology Which Can Scale
19 Shaping Tomorrow’s Connectivity TM Wireless Technology Which Can Scale Scalable solution offers opportunity for 160+ pcs of Mobix Labs products PA LNALNA Filter Filter PA LNA LNA Filter Filter PA LNA LNA Filter Filter PA LNA LNA Filter Filter PA LNA LNA Filter Filter PA LNA LNA Filter Filter PA L
Slide 20: Wireless Products and Derivative Strategy
20 Shaping Tomorrow’s Connectivity TM Wireless Products and Derivative Strategy MIC2xx MIC3xx MIC6xx MIC6xx Frequency Converter C - Band + mmWave Synthesizer C - Band + mmWave Beamformer C - Band Broadband Beamformer mmWave MIC2xx MIC3xx MIC6xx MIC4xx MIC5xx Frequency Converters mmWave Synthesizers
Slide 21: Competitive Landscape
21 Shaping Tomorrow’s Connectivity TM Competitive Landscape Company A Company B Company C Company D Company E Process Technology CMOS SiGe SOI SOI CMOS/SOI CMOS+SMDs Smallest Size Scalable Solution Low - Cost Structure Worldwide Frequency Coverage Supports Infrastructure and Mobile Handsets Dual Pol
Slide 22: Wireless Solutions Address Multiple End Markets
22 Shaping Tomorrow’s Connectivity TM Wireless Solutions Address Multiple End Markets Significant opportunity for revenue generation in the Infrastructure and CPE end markets Infrastructure CPE Automotive Other ▪ Small Cells ▪ Repeaters ▪ Access Points ▪ Routers ▪ Laptops ▪ Tablets ▪ TVs ▪ Handhelds
Slide 23: Wireless Go-to-Market Strategy / Engagement
23 Shaping Tomorrow’s Connectivity TM ▪ Design - win ▪ Receiving revenue for production order ▪ 10% of EAU ▪ First PO ship date ▪ Covers pre - production or Engineering Validation Test (EVT) / Design Validation Test (DVT) / Production Validation Testing (PVT) builds ▪ Recognize revenue when Mobix La
Slide 24: Connectivity Solutions
24 Shaping Tomorrow’s Connectivity TM Connectivity Solutions
Slide 25: Mobix Labs True Xero AOC Technology
25 Shaping Tomorrow’s Connectivity TM Mobix Labs True Xero TM AOC Technology ▪ AOC technology uses telecom optical fiber technology to transmit video, audio and data signals over long distances over an al l - i n - one cable solution ▪ Mobix Labs patented True Xero TM AOC technology miniaturizes opt
Slide 26: True Xero Active Optical Cables
26 Shaping Tomorrow’s Connectivity TM True Xero TM Active Optical Cables ▪ Maximum distance: 330ft (100 meters) ▪ Single cable, plug - and - play ▪ Thin, flexible, light weight ▪ Simplest cable solution on the market Bandwidth: 4K video (18Gbps) High - Bandwidth Extension Solution Comparison PC Disp
Slide 27: True Xero AOC Product Line
27 Shaping Tomorrow’s Connectivity TM 8VYI<IVS Ʀ %3'4VSHYGX0MRI ▪ 18 Gbps ▪ Supports ARC, CEC, and HDCP ▪ EMI/RFI Resistant ▪ 5mm Bend Radius Products Features Benefits Applications ▪ No External Power Required ▪ Thin, Flexible & Lightweight ▪ Multiple Lengths Available ▪ Medical Devices/Systems ▪ S
Slide 28: Connectivity Solutions Target End Markets
28 Shaping Tomorrow’s Connectivity TM Connectivity Solutions Target End Markets Mobix Labs currently sells into CPE applications and addresses other applications Infrastructure CPE Automotive 3XLIV ▪ Remote Radio Heads ▪ Base Stations ▪ Small Cells ▪ Professional Audio ▪ Video Commercial / Residenti
Slide 29: AOC Go-to-Market Strategy / Customer Opportunities
Shaping Tomorrow’s Connectivity TM ▪ Design - win ▪ Receiving revenue for production order ▪ 10% of EAU ▪ First PO ship date ▪ Covers pre - production or EVT/DVT/PVT builds ▪ Recognize revenue when Mobix Labs ships to distributors ▪ Design - in ▪ Customer confirms Mobix Labs will be used for project
Slide 30: Growth Strategy
30 Shaping Tomorrow’s Connectivity TM Growth Strategy
Slide 31: Execution Strategy and Growth Plan
31 Shaping Tomorrow’s Connectivity TM 31 Execution Strategy and Growth Plan 2022 2023 2024 2025+ ▪ Execute capitalization plan ▪ Sample wireless products ▪ Recruit design centers ▪ Announced acquisition of EMI Solutions ▪ Wireless products production launch ▪ Add strategic development partner ▪ Add
Slide 32: Mobix Labs to Acquire EMI Solutions
32 Shaping Tomorrow’s Connectivity TM Mobix Labs to Acquire EMI Solutions Transaction Overview ▪ On September 27, 2022, Mobix Labs announced it has signed a definitive agreement to acquire EMI Solutions ▪ EMI Solutions adds leading electromagnetic interference (“EMI”) filtering products in complemen
Slide 33: Appendix
Shaping Tomorrow’s Connectivity TM Appendix
Slide 34: M&A Strategy
34 7LETMRK8SQSVVS[ ƅ W 'SRRIGXMZMX] 81 34 M&A Strategy Identified acquisition pipeline to accelerate future growth ▪ Focused on cash flow generating target companies ▪ Opportunities to eliminate operating expenses ▪ Not focused on R&D technologies ▪ Key employees retained ▪ Entice smaller targets wi
Slide 35: Risk Factors
35 Shaping Tomorrow’s Connectivity TM Risk Factors 35 These Risk Factors are being provided to certain accredited investors for potential investment in Chavant Capital Acquisition Co rp. (“Chavant”) in connection with a proposed business combination (the “Business Combination”) between Chavant and M
Slide 36: Risk Factors (Cont'd)
36 Shaping Tomorrow’s Connectivity TM Risk Factors (Cont’d) Risks Related to Mobix Labs’ Business and Industry (Cont’d) 11. We may not be able to scale our business quickly enough to meet our customers’ needs or in an efficient manner, which could h arm our operating results. 12. The markets for wir
Slide 37: Risk Factors (Cont'd)
37 Shaping Tomorrow’s Connectivity TM Risk Factors (Cont’d) 37 6MWOW6IPEXIHXS1SFM\0EFW ƅ &YWMRIWWERH-RHYWXV]'SRX ƅ H 3YVKVS[XLMRMXMEXMZIWQE]TVSZIQSVIGSWXP]XLER[IGYVVIRXP]ERXMGMTEXIERH[IQE]RSXWYGGIIHMRVEMWMRKJMRERGMRKSVMRG VIE WMRKSYVVIZIRYIMREREQSYRXWYJJMGMIRXXSGSZIVXLIGSWXWSJXLIWIMRMXMEXMZIWERHXSEG
Slide 38: Risk Factors (Cont'd) Legal and Regulatory Risks
38 Shaping Tomorrow’s Connectivity TM Risk Factors (Cont’d) 38 Legal and Regulatory Risks Related to Mobix Labs’ Business 1. We are subject to governmental export and import control laws and regulations. Our failure to comply with these laws and regu lat ions could have an adverse effect on our busi
Slide 39: Shaping Tomorrow’s Connectivity TM
Shaping Tomorrow’s Connectivity TM