Elliptic Laboratories Asa · OSL:ELABS
Elliptic Laboratories Asa — Q2 2021 Earnings Presentation
24 slides from Elliptic Laboratories Asa's earnings presentation, Aug 5, 2021
Slide 1: Quarterly Presentation Q2 2021
Quarterly Presentation Q2 2021 August 5, 2021 AI Software Empowering the Next Billion Devices 1
Slide 2: 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 3: Agenda
Agenda Introduction and Q2 2021 highlights Financials Summary and Outlook 3
Slide 4: Q2 Highlights
Q2 HIGHLIGHTS Expanding into new vertical and geographical markets • Enhanced financial performance compared with Q2 2020: • Operating revenues up from NOK 6,3M to NOK 7,6M: a 20% increase YoY • EBITDA improved from NOK -5,9M to NOK -3,7M • Net cashflow from operation NOK -12,8M compared to NOK -11M
Slide 5: Elliptic Labs develops smart software sensors that use AI and ultrasound
Elliptic Labs develops smart software sensors that use AI and ultrasound to sense you and your surroundings 5
Slide 6: 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 and more environmentally-friendly 66
Slide 7: We Are the Ultrasound Leader for the Consumer Market
We Are the Ultrasound Leader for the Consumer Market Global AI software company with presence in Norway, Asia and USA. Who Established in 2006. AI virtual software sensors for presence, 3D gestures, and heartbeat What detection for consumer and automotive markets Our Deployed in software is 100M+ de
Slide 8: Expanding Critical User Experiences into Smartphone, Laptop, IoT & Automotive Markets
Expanding Critical User Experiences into Smartphone, Laptop, IoT & Automotive Markets Virtual Smart Sensor Platform Making Sensors More Intelligent Proximity Presence Gesture Positioning Connection Breathing Heartbeat 8
Slide 9: Major Milestone Reached in IoT Market: Smart Security Device by Bosch grow platform
Major Milestone Reached in IoT Market: Smart Security Device by Bosch grow platform • Contract with Bosch’s subsidiary “grow platform GmbH,” headquartered in Germany • Bosch, with distribution in over 150 countries, plans for “spexor” to be distributed globally • Elliptic replaces 3 very high cost,
Slide 10: Strengthened Market Opportunities
Strengthened Market Opportunities Tight supply chain impacts hardware sensor availability and pricing, improving our competitive advantage PC/LAPTOP/ MARKETS SMARTPHONE SMART TV IOT AUTOMOTIVE TABLET Total Market Size 1.6B 460M 400M 1B++ 100M (Units) Competing Hardware Infrared Sensor Time-of-Flight
Slide 11: More Launches - Added New Customer
More Launches - Added New Customer Smartphone market 1.6B smartphones use a proximity sensor to turn screen off/on when users are making calls • Most smartphones use hardware sensors for proximity, which we are replacing with our smart software sensors • Customers partner with us to reduce supply ch
Slide 12: PC Market Is the Next Growth Vertical
PC Market Is the Next Growth Vertical 2020 PC/Laptop CPU Market Share 2020 PC/Laptop/Tablet Volumes (Revenue) (Millions of units — Mu) ~$300M Qualcomm $6.4B 87 Mu AMD Lenovo ~$100M 200.5 Mu Other Other 67.8 Mu HP $40B Intel 50.5 Mu Dell 20 Mu 16.2 Mu Huawei 16.4 Mu Acer *AMD does not separate revenu
Slide 13: Converting POCs to License agreements
Converting POCs to License agreements PC market Signed Enterprise License Agreement with Top-3 OEM for Mid-Tier, High-Volume Laptops • Completed PoC in 1H/21 • Converted into signed Enterprise License Agreement in July/21 Target PC/Laptop/ Tablet Our software sensors meet both the price-point and pe
Slide 14: Elliptic Labs Leverages Strong Ecosystem Built Over Years
Elliptic Labs Leverages Strong Ecosystem Built Over Years Years of dedication and networking enables Elliptic Labs to access new markets, new verticals, and capitalize on market momentum 14
Slide 15: Financials
Financials Lars Holmøy, CFO & IR 15 15
Slide 16: Elliptic Labs KPIs per Q2 2021
Elliptic Labs KPIs per Q2 2021 # Number of granted and filed patents Cumulative number of partner-agreements 102 18 93 86 15 77 70 56 52 # Patents 32 41 46 9 # Partner-Agreements 7 (granted and filed) (general market) 4 38 40 41 46 36 2017 2018 2019 2020 2021.Q2 2017 2018 2019 2020 2021.Q2 Granted F
Slide 17: Q2 2021 P/L
Q2 2021 P/L Q2 2021 Q2 2020 Δ% 1H 2021 1H 2020 Δ% (Amounts in 000 NOK) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Q2 Comments Revenue 4 809 2 604 84,7% 6 528 2 606 150,5% Other operating income 2 813 3 731 -24,6% 5 626 7 742 -27,3% • Customer revenue significantly up Total revenue 7 621 6 334 2
Slide 18: Q2 2021 Balance Sheet and Cash Flow
Q2 2021 Balance Sheet and Cash Flow Solid Balance Sheet After Q2 2021 • Cash position reduced from 95.4M Q1 2021 to NOK 78,5M Q2 2021 within expectation from management • Account receivables and other current assets is up 7,7M since Q1 2021 • NOK 1M reduction of interest-bearing debt in the quarter
Slide 19: Clear Path Towards Significant Revenue Uplift
Clear Path Towards Significant Revenue Uplift • Increase in smartphone revenue due to new customers and from marketing new technology features to current customer • Larger fixed-volume contracts on units/devices — increases revenue certainty • Laptops are the largest revenue driver in the near futur
Slide 20: Shareholder Structure as per July 28, 2021
Shareholder Structure as per July 28, 2021 SHAREHOLDER NAME #Shares % SHAREHOLDER NAME #Shares % Passesta AS (Chairman, Tore Engebretsen) 1 194 416 12,4% Shares owned by Board of Directors 2 087 849 21,8% MP PENSJON PK 887 993 9,3% Shares owned by Mgmt. and Employees 595 903 6,21 % Alden AS (Board M
Slide 21: Summary and Outlook
Summary and Outlook Laila Danielsen, CEO 21 21
Slide 22: Elliptic Labs Is Well-Positioned for Growth
Elliptic Labs Is Well-Positioned for Growth Proven business model with software deployed at large scale New agreements in place in multiple verticals and geographical markets Continued launching with new and current customers in the smartphone market Strengthened partner collaborations with
Slide 23: Thank You
Thank You and Welcome to Q3 Presentation: November 10, 2021 23
Slide 24: ellipticlabs
ellipticlabs
Elliptic Laboratories — Q2 2021 Earnings Presentation on 6ix