Enovix Corporation · NASDAQ:ENVX

Enovix — Investor Presentation (December 2021)

18 slides from Enovix's investor presentation, Dec 7, 2021

  1. Slide 1: Enovix: From Mobile Electronics to EVs

    Exhibit 99.3 Enovix: From Mobile Electronics to EVs Cameron Dales General Manager and Chief Commercial Officer December 7, 2021 ©2021 ENOVIX

  2. Slide 2: Disclaimer

    Disclaimer This presentation (this “Presentation”) is provided solely for information purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity or debt. The information contained herein does not purport to be all-inclusive.

  3. Slide 3: The Enovix Advantage

    The Enovix Advantage Step-Change Increase in Validation from Category-Leading Patented Battery Architecture and 100% Active Silicon Anode Energy Density Process Technology Customers Scaling Up Production with Focused on Premium Markets Attractive Financial Profile Commercial Production in Q1 2022 Mu

  4. Slide 4: Enovix 3D Silicon Cell Architecture

    Enovix 3D Silicon™ Cell Architecture 1 Enovix 3D Silicon Lithium-ion Cell Photomicrograph Cross-Section Silicon Anode Material Capacity 2 1800 mAh/cc Conventional Wound Lithium-ion Cell Illustrated Cross-Section Graphite Anode Material Capacity 3 800 mAh/cc 2 ¹Source: Enovix Corporation. De-rated fr

  5. Slide 5: ©2021 ENOVIX

    ©2021 ENOVIX 5

  6. Slide 6: ©2021 ENOVIX

    ©2021 ENOVIX 6

  7. Slide 7: ©2021 ENOVIX

    ©2021 ENOVIX 7

  8. Slide 8: Step-Change Increase in Energy Density

    1 Step-Change Increase in Energy Density 9 Years EX-3 = 1255 Wh/I EX-2 = 1030 Wh/I EX-1 = 900Wh/I 5 Years 4.36% Average Annual Increase in Li-ion Battery Energy Density 1991 - 2020 1 Actual and projected (continued 4.36% improvement) energy density metrics for a median cell-phone-size battery and En

  9. Slide 9: Enovix 'Drop-In' Battery Production Process

    Enovix ‘Drop-In’ Battery Production Process Electrode Fabrication Cell Assembly Package, First Charge & Test Separator Pre-lithiation Laser Patterning and High-Speed Stacking Anode 1 (Silicon ) Package First Charge Test Separator Roll-to-Stack Cell Assembly Cathode 1 ©2021 ENOVIX 9 100% Active Silic

  10. Slide 10: Novel Patterning and Stacking Approach

    Novel Patterning and Stacking Approach Industry Standard Enovix 3D Cell Direct Assembly Industry Standard 1 Electrode Fabrication (40% of Mfg Process) and Pre-lithiation (30%) Cell Packaging (30%) Laser Patterning High Speed Stacking 1 Replaces industry standard electrode winding and flattening 10 p

  11. Slide 11: Commercialization Roadmap

    Commercialization Roadmap PROJECTED 2022 2023 2024 2025 Fab 1 Fab 2 Fab 3 254 MWh Capacity 1.53 GWh Capacity Auto JV or Licensing Q2 2022 First Revenue Q2 2023 First Revenue 2025 First Revenue 2025E Units: 45M 2025E Units: 89M ©2021 ENOVIX 11

  12. Slide 12: Strategy to Win in $75B Market

    Strategy to Win in $75B Market Premium segments $13B 2 AR/VR : $0.2B 1 3 $75B Wearables : $3.0B Mobile computing CAGR 11% TAM $13B 4 Compute : $1.8B ASP $0.36-$4.00/Wh Lithium-ion Cell TAM $45B 5 Mobile Comm : $8.2B 6 Electric vehicles/other TAM $62B ASP $0.10-$0.36/Wh 1 Avicenne Energy, “The Worldw

  13. Slide 13: Design Wins with Market Leaders

    Design Wins with Market Leaders 1 Laptop market leader 1 Laptop market: $102B (2017) Funded Product development. 2 Land mobile radio (LMR) market leader (public safety, EMS) 3 LMR market: $18B in 2019 to $25B in 2022 Product development. Funded 4 Smartwatch market leader 5 Smartwatch market: 19.6% C

  14. Slide 14: Enovix EV Program

    Enovix EV Program ©2021 ENOVIX 14

  15. Slide 15: Structurally and Electrochemically Stabilized Si-rich Anodes for EV Applications

    Structurally and Electrochemically Stabilized Si-rich Anodes for EV Applications Awarded up to $3.2M, 3 Year DOE Grant in 2020 INITIAL NMC-622 CELL DATA CURRENT NMC-622 CELL DATA 248 mAh (27 mm x 19 mm x 3.3 mm) 267 mAh (29 mm x 17 mm x 3.4 mm) 514 Wh/l packaged energy density (863 Wh/l core) 541 Wh

  16. Slide 16: EV Pack Model Advantages

    EV Pack Model Advantages - Incorporating Results of a 3rd Party Study 8 7 Manufacturability Fast Charge Energy Density ~4.6x cell thermal conductivity for Low swell, tight tolerance cells >30% higher cell VED at EV 4 equivalent pouch cells 2 Simplified interconnect and thermal relevant scales & form

  17. Slide 17: Next Steps

    Next Steps Actively investing Building dedicated team Seeking partners info@enovix.com © ©2 202 021 1 E ENO NOV VIX IX 17

  18. Slide 18: Thank You

    Thank You © ©2 202 021 1 E ENO NOV VIX IX 18

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