Ondas Inc · NASDAQ:ONDS
Ondas — FY2022 Earnings Presentation
23 slides from Ondas's earnings presentation, Mar 14, 2023
Slide 1: Fourth Quarter and Full Year 2022 Earnings Release
Fourth Quarter and Full Year 2022 Earnings Release Copyright 2023. All rights reserved. NASDAQ: ONDS | March 2023
Slide 2: Disclaimer
Nasdaq: ONDS This presentation may contain "forward - looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intend
Slide 3: Non-GAAP Financial Measure
Nasdaq: ONDS As required by the rules of the Securities and Exchange Commission (“SEC”), we provide a reconciliation of Adjusted EBITDA, the non - GAAP financial measure, contained in this presentation to the most directly comparable measure under GAAP, which reconciliation is set forth in the table
Slide 4: Ondas positioned for a breakout 2023
Nasdaq: ONDS Leading technology developer and service provider for commercial drone markets Global leader in hyper - growth commercial drone market Provider of next - generation private industrial wireless networking technologies for critical industrial markets Next - gen data platform upgrade cycle
Slide 5: Leadership Team
Nasdaq: ONDS STEWART KANTOR PRESIDENT Stewart brings over 20 years of experience in the wireless industry to Ondas Networks . ERIC BROCK CHAIRMAN & CEO Eric is an entrepreneur with over 25 years of management and investing experience . DEREK REISFIELD CFO Derek is an experienced executive with over
Slide 6: Agenda
Nasdaq: ONDS Ondas positioned for a breakout 2023 Agenda • Introduction • Financial Review & Outlook • Business Update • Ondas Networks • Ondas Autonomous Systems • Closing Remarks • Q&A 6
Slide 7: Introduction
Nasdaq: ONDS Ondas transitioning to broad platform adoption; Revenue ramp in 2023 7 Introduction • Secured largest commercial orders to - date • Ondas Networks dot16 platform supports important Rail safety and efficiency applications • Ondas Autonomous Systems installing world’s first autonomous dro
Slide 8: Q4 2022 Financial Review
Nasdaq: ONDS Q4 2022 Financial Review KEY FINANCIAL INSIGHTS: • P&L reflects preparation for larger commercial rollouts in 2023 for Ondas Networks and OAS • OPEX increase reflects : • Increased R&D and field operations with AR • Increased general & administrative expenses including transaction expen
Slide 9: FY 2022 Financial Review
Nasdaq: ONDS FY 2022 Financial Review KEY FINANCIAL INSIGHTS: • P&L reflects preparation for larger commercial rollouts in 2023 for Ondas Networks and OAS • OPEX increase reflects: • Full period of American Robotics and increased R&D post - acquisition • Transaction expenses for Airobotics • OPEX in
Slide 10: Select Cashflow Data Financial Review
Nasdaq: ONDS Select Cashflow Data 10 Financial Review KEY FINANCIAL INSIGHTS: • Strong cash position at year - end • Cash used in investing activities includes money loans to Airobotics in advance of purchase • Debt position primarily related to Convertible Notes due November 2024 • Businesses are c
Slide 11: Financial Outlook
Nasdaq: ONDS Ondas positioned for a breakout 2023 Financial Outlook • Significant revenue growth expected in 2023 and beyond • Reaffirming outlook: • $26 – $30 million 2023 revenue target • $19 – $24 million Adjusted EBITDA • Cash utilization improves: • Ondas Networks operating leverage • Integrati
Slide 12: Business Unit Review
Nasdaq: ONDS Business Unit Review 12
Slide 13: Class I Railroads dot16 commercial adoption begins
Nasdaq: ONDS Class 1 Railroads dot16 commercial adoption begins 13 Progress on 900 MHz Rollout Rail Safety a Key Focus RAILROAD BEGIN 900 LAUNCH • Producing for initial BNSF & CSX demand • Deliveries accelerate in Q2 • Bookings expand in 2023 with: • BNSF & CSX deepening rollout • New railroads laun
Slide 14: Network is Backbone for Rail Safety
Nasdaq: ONDS Applications are data intensive; requiring more robust wireless networks Network is Backbone for Rail Safety IEEE 802.16 evolution moves towards ratification FCC Report & Order – 900 MHz SELECT WORKING GROUP PARTICIPANTS dot16 RAIL LAB • MxV Rail working on application integration • Net
Slide 15: Bandwidth Enables Safety
Nasdaq: ONDS Bandwidth Enables Safety Existing and new applications creates explosion of edge activity RAILROAD INFRASTRUCTURE • Private, Owned& Operated • Secure, Reliable, QoS • Flexible; interoperable • Backwards compatible • Nationwide coverage • Lower cost PRIVATE NETWORKS Onboard Telemetry 450
Slide 16: Strong Foundation for 2023
Nasdaq: ONDS STRONG FOUNDATION FOR 2023 • UAE fleet launches proceeding • Semi fab customer validates platform • Closed Iron Drone; c - UAS system launched • Marketing efforts expanding T H I S I S RAIDER T H I S I S OPTIMUS 16
Slide 17: Optimus and Raider shine at World Police Summit
Nasdaq: ONDS Optimus and Raider shine as leading autonomous solutions at World Police Summit World Police Summit WPS held in Dubai on March 7th – 9th • Airbotics launched the Raider c - UAS system • Optimus vision prominently displayed by Dubai Police • Garnered significant interest in both Optimus
Slide 18: Urban Infrastructure Ramping
Nasdaq: ONDS Customer validation with fleet adoption highlights massive growth opportunity Dubai setting pace for Urban Public Safety / HLS • Installed units under full operation • Max utilization of the Optimus system capacity • Discussions about new Optimus deployment for 2024 SkyGo JV to define S
Slide 19: Iron Drone Launched
Nasdaq: ONDS Iron Drone Launched 19 Irone Drone acquisition closed | c - UAS system launched amidst significant customer interest Key system features • Fully automated pod and high - speed autonomous racer drones • Physical kinetic drone capture with designated net; designated parachute to reduce co
Slide 20: Strong year ahead
Nasdaq: ONDS Leverage winner - take - most platforms Strong year ahead • Plan to monetize the significant investments in FullMAX and Optimus platforms o Expect safety upgrades to accelerate Rail adoption o Fleet deployments of Optimus will demonstrate long - term leadership in huge market • Revenue
Slide 21: Q&A
21 Nasdaq: ONDS Q&A Investor Presentation | March 2023 Copyright 2023. All rights reserved. Nasdaq : ONDS
Slide 22: Appendix
Nasdaq: ONDS 22 Appendix See the “Non - GAAP Financial Measure” section above.
Slide 23: Thank you
Thank you Copyright 2023. All rights reserved. NASDAQ: ONDS | March 2023