Slide 1: Q1 2022 Earnings Presentation
Q1 2022 Earnings Presentation 11th May, 2022
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: Innoviz Selected By One of Three Largest Global Vehicle Groups
Innoviz Selected By One of Three Largest Global Vehicle Groups for High Volume Series Production Increases Order Book by $4 Billion, Increasing to $6.6 Billion • Multiple Brands, International deployment, over 10-year contract • Innoviz will provide InnovizTwo and perception software for series prod
Slide 4: Solidifies Innoviz's Position as the Leading Direct Supplier (Tier1)
Solidifies Innoviz’s Position as the Leading Direct Supplier (Tier1) Having all the needed pieces of the puzzle to succeed Automotive-Grade Superior Certified Technology Performance Qualified Direct Tier1 Supplier Most Advanced Automotive-Grade Perception Affordable Supported Globally Pricing *New p
Slide 5: New Design Win Impact to Forward Looking Orderbook
New Design Win Impact to Forward Looking Orderbook OEM Car Sales1 (>10M per year) Estimated Penetration2 (1-14%) Known ASP Evolution3 30%– 40% Gross $ 4B (Expected Growth4) Margins 1. Per brand and model as predicted by Independent Market Research (IHS Markit for the Consumer Automotive Industry) &
Slide 6: Positioned to Capture Robust Sales Funnel
Positioned to Capture Robust Sales Funnel TODAY 2022 TARGETS 3 9 12 10 Serial Production Pre-production RFIs & RFQ in different stages Pre-production programs Program (+1) Programs (+1) of discussions (+2) expected in 2022 1+ $6.6B Automotive commercial agreement in 2022 New Order Book + Third Major
Slide 7: Business Strategy
Business Strategy Automotive and Beyond © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 7
Slide 8: Strategic Priorities
Strategic Priorities SOLIDIFY EXPAND INVEST our position as a leading supplier our market share beyond in our technology and for autonomous vehicles the passenger vehicle perception software © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document M
Slide 9: A Sustainable Strategy & Path to Profitability: Automotive
A Sustainable Strategy & Path to Profitability Automotive • Long Sales Cycle • High Switching Cost • Enterprise Level Deals • Delayed Revenues STRATEGY: BUILD AUTOMOTIVE MARKET SHARE FOR LONG TERM GROWTH SCALE IN NON-AUTOMOTIVE WHEN THE MARKET IS RIPE Ramp Production Non-Automotive Market Penetratio
Slide 10: A Sustainable Strategy & Path to Profitability: Automotive, Non-Automotive
A Sustainable Strategy & Path to Profitability Automotive Non-Automotive • Long Sales Cycle • Short Sales Cycle • High Switching Cost • Low Switching Cost • Enterprise Level Deals • Fragmented • Long Term Revenues • Near Term Revenues STRATEGY: BUILD AUTOMOTIVE MARKET SHARE FOR LONG TERM GROWTH SCAL
Slide 11: Financial Results
Financial Results Eldar Cegla, Chief Financial Officer
Slide 12: Cash Position – Providing Confidence & Resources
Cash Position – Providing Confidence & Resources Maintain high liquidity level of $275M in Revenues for Q1 2022 cash, short-term deposits, and marketable securities $1.8M Innoviz operating cash burn in Q1 2022 was within planned budget Revenues for Q1 2022 were $1.8M, versus $0.7M in Q1 2021 $0.7M 2
Slide 13: Innoviz Positioned to Lead
Innoviz Positioned to Lead Significant Contracted Cutting-Edge, Proven Perception Capital to Execute Order Book and Large & Mature Technology Software Strategy Pipeline Industrialization Automotive Product Line Capabilities Experience © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietar
Slide 14: Thank You!
Thank You! © INNO VIZ TECHNOLOGIES