Slide 1: Investor Overview
INVESTOR OVERVIEW March 10, 2022
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes, and any related discussion may include, forward-looking statements regarding future events or results within the meaning of the Private Securities Litigation Reform Act. All statements other than statements of historical fact may be forward-look
Slide 3: About Smith Micro
ABOUT SMITH MICRO OUR TECHNOLOGY 40 Years CUSTOMERS NASDAQ: SMSI LEADERSHIP Wireless Service Providers and HQ: Pittsburgh, PA Smith Micro device agents or apps OEMs around the world Global Operations deployed worldwide 373 Employees SOLUTIONS Family Location & Parental Controls Consumer IoT & Moneti
Slide 4: Smith Micro's Mission
SMITH MICRO’S MISSION Enriching Connected Lifestyles with Carrier-Grade Solutions PROTECT Digital Lifestyle Connected MANAGE IoT Devices Voice ENHANCE Messaging Smart Retail OPTIMIZE Experience
Slide 5: Product Lineup
Bl PRODUCT LINEUP SurruMiero a 0 SafePath @CommSuite ViewSpot
Slide 6: Innovative Product Platform
INNOVATIVE PRODUCT PLATFORM A proven, carrier-grade Extend voice messaging voicemail client Bringing people and their beyond the device to Location and Parental Parental Controls and Screen installed on tens of the connected devices together where, when, and how you Controls made easy for Time manag
Slide 7: Market Leader – Best-in-Class Solution
MARKET LEADER –BEST-IN-CLASS SOLUTION Acquired Circle Media Carrier Business – February 2020 Acquired Avast Family Safety (Location Labs) – April 2021 Added Major Multiple Carrier Customers with Transactions Worldwide Added Leading Acquired Technology to Deliver SafePath 7 to the Market
Slide 8: Family Safety Is a Primal Need
FAMILY SAFETY IS A PRIMAL NEED Maslow’s Hierarchy of Needs in a digital world and the companies that fulfill them SELF- REALIZATION ESTEEM BELONGING SAFETY PHYSIOLOGICAL
Slide 9: Multi-Generational Connected Life Vision
MULTI-GENERATIONAL CONNECTED LIFE VISION Family is more than just people – it’s also every connected device that is a part of the everyday family digital lifestyle Children Car Elderly Home Network Pets/Things
Slide 10: SafePath G2M and Success Strategy
SAFEPATH G2M AND SUCCESS STRATEGY Key Family Safety Use Cases Screen Time Location Features Content Filters Driver Safety Management Partnership Strategy Monetization Strategy Go-To- Market Strategy White Label Co-Branding Revenue Share Free Trials Model Multi-channel marketing approach DIGITAL acce
Slide 11: SafePath 7 Key Takeaways
SAFEPATH 7 KEY TAKEAWAYS • Robust Parental Controls with full feature parity between Android and iOS • Parental controls extended to in-home Wi-Fi devices such as gaming consoles, tablets, smart TVs, and laptops • New location-based features • Support for additional consumer IoT devices
Slide 12: Those Who May Wander Won't Be Lost with SafePath Family
THOSE WHO MAY WANDER WON'T BE LOST WITH SAFEPATH® FAMILY Location and parental controls made easy for the entire family Safety Areas Notifications Family Alert Parental Controls Phone Security
Slide 13: Introducing SafePath Drive
INTRODUCING SAFEPATH DRIVE • Device-less connected car solution • Multiple deployment options – as add-on for SafePath Family or as stand-alone, white- label driver safety app • Provides automatic collision detection, high- speed alerts, personal driver scores, gamification, and more • Increases dri
Slide 14: SafePath IoT: A Platform for All Things Connected
SAFEPATH IoT: A PLATFORM FOR ALL THINGS CONNECTED SafePath IoT brings people and their devices together under a single common experience. Children Wearables Elder Care Home Pets Vehicles
Slide 15: SafePath Home: Extend Parental Controls to In-Home Devices
SAFEPATH HOME: EXTEND PARENTAL CONTROLS AND SCREEN TIME MANAGEMENT TO IN-HOME DEVICES • Manage and control internet traffic at network level • Profile-based approach enables uniform parental controls inside and outside the home • Powerful management capabilities via smartphone app or web-based dashb
Slide 16: The Next Generation of Visual Messaging
The Next Generation of Visual Messaging
Slide 17: 18M+ Devices in the Field
18M+ Devices in the Field 150+ Device Models 1B Messages Per Quarter Amazon Alexa Integration Branded UI Experience Proven Revenue Generator
Slide 18: CommSuite Harmonizes with the New Connected Lifestyle
COMMSUITE HARMONIZES WITH THE NEW CONNECTED LIFESTYLE OF TODAY’S CONSUMER We know what the next generation of users want and expect from voice message services. Deliver Create additional voice-to-text to Synchronize mobile revenue with empower users messaging across targeted ads or and provide multi
Slide 19: Next-Gen Visual Messaging
NEXT-GEN VISUAL MESSAGING A proven, carrier-grade A clientless service for Extend voice messaging voicemail client installed on accessing voice messages beyond the device to where, tens of millions of devices from any device or platform when, and how you want it
Slide 20: Smart Retail for Mobile Carriers
Smart Retail for Mobile Carriers
Slide 21: Bring In-Store Devices to Life with ViewSpot
BRING IN-STORE DEVICES TO LIFE WITH VIEWSPOT ViewSpot enables consumer brands to deliver compelling in-store retail experiences through interactive dynamic pricing, digital content management, and data analytics. Deliver Increase Behavior-based Consistent and Customer Business Compelling Engagement
Slide 22: Unleash the Power of In-Store Devices
UNLEASH THE POWER OF IN-STORE DEVICES
Slide 23: ViewSpot Studio
VIEWSPOT STUDIO Centrally Manage and Update On-Device Content ViewSpot Studio simplifies retail display management (RDM) for wireless carriers by streamlining the design and customization of demo device experiences on both smartphones and tablets.
Slide 24: ViewSpot Touchless Solution
VIEWSPOT TOUCHLESS SOLUTION Smart Retail Technology | The ViewSpot Platform is quickly evolving and leveraging the latest technology to support mobile operators as they reopen retail stores across the globe. Touchless Price Cards Face Detection Sanitization Notifications Voice Recognition
Slide 25: Financial Trends
FINANCIAL TRENDS ($ in thousands, except earnings per share)
Slide 26: Revenue Trends
REVENUE TRENDS • Acquisition of Avast family safety mobile business in the 2nd $16,443 $15,919 Quarter of 2021 drove uplift in $14,679 Family Safety Revenues. $12,416 $11,381 • Company is now the provider of white-label Family Safety applications to all three of the U.S. Tier One Carriers. • CommSui
Slide 27: Operating Expense Trends
OPERATING EXPENSE TRENDS $12,875 $12,863 $12,979 • Current level of Research & Development costs reflects $9,479 $9,148 investment to migrate customers acquired in Avast family safety mobile business to SafePath platform. • Opportunity to reduce level of Research & Development costs post-migration.
Slide 28: Operating Expense Reconciliation
OPERATING EXPENSE RECONCILIATION Stock Intangibles Acquisition Other (IP / Non- GAAP Com pensation Am ortization Costs CFO) GAAP Q4-21 Selling and marketing expenses $ 1,973 $ (239) $ 1,181 $ - $ - $ 2,915 Research and development expenses 8,460 (260) (1,322) - - 6,878 General and administrative exp
Slide 29: Investment Thesis
Investment Thesis • Dominant Player in white-label Family Safety Mobile application space • Existing contracts with all three Tier One Wireless Carriers in the United States • Significant untapped available market allows for significant growth potential • Recurring revenue stream with 70%+ Gross Mar