Slide 1: Integrated Lidar and Software Solution for ADAS L3 and L2+
Integrated Lidar and Software Solution for ADAS L3 and L2+ MicroVision Q3 2022 Financial Results and Update October 27, 2022
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation of MicroVision, Inc. (“MicroVision,” “the Company,” “we,” or “our”), and any accompanying oral presentation, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exc
Slide 3: MicroVision Quarterly Update
MicroVision Quarterly Update ▪ Achieved all milestones announced earlier this year: - Track testing of our highway pilot feature for complex highway driving scenarios - Achieved Class 1 compliance in Q3 and initiated sample sales to OEMs and Tier 1s in Q4 ▪ Near and Medium-Term Priorities - Well pos
Slide 4: MicroVision High-Tech Software and Lidar Hardware Company
MicroVision High-Tech Software and Lidar Hardware Company • Core technology developed • Delivered technologies to • Established semi-conductor • Strong leadership roots and delivered to U.S. military leading global tech giants partnership network Microsoft Uniquely positioned to win in ADAS Leading
Slide 5: MicroVision's Solution Provides Compelling Advantages to OEMs
MicroVision’s Solution Provides Compelling Advantages to OEMs Superior Highway Pilot Saved development cost & time functionality 1 2 • No training required for • Capable up to 130km/h Lidar/radar sensor fused output • Fewer restrictions than existing • Reduced training requirements systems for OEMs
Slide 6: Focused on the ADAS Level 2+/3 Market
Focused on the ADAS Level 2+/3 Market Forecasted MicroVision SAM, vehicles produced with Lidar potential Growth drivers (millions) 20.0 Rapidly decreasing cost and 17.2 3.9 ~100M1 ~$80B2 higher scalability of Lidar-based cumulative cumulative 14.3 3.4 systems makes it viable for potential Lidar pote
Slide 7: Our Measures of Future Success
Our Measures of Future Success Cumulative metrics through 2030 Partnerships Sales Volume Revenue EBITDA 2+ OEMs ~25 – 30M+ ~$2 – $4B+ ~$1 – $2B units Source: IHS Markit, company estimates. EBITDA is a non-GAAP measure useful to management and investors as a performance measure and for comparison to
Slide 8: Our Unique Approach
Our Unique Approach MicroVision’s How MicroVision Integrates into the ADAS Stack Offering Lidar Radar Camera Ultrasonic High-fidelity Lidar Lidar, Custom ASIC Inputs acts as primary and Software MicroVisio source with radar n Sensor Fusion used for verification OEM Sensor Fusion Lidar and radar Fusi
Slide 9: Financial Results Overview
Financial Results Overview e MicroVision
Slide 10: Q3 2022 Financial Results Highlights
Q3 2022 Financial Results Highlights ($ in millions) Q3 2022 Q3 2021 Income Statement ▪ Revenue: License and royalty revenue of $0.0 earned under License & Royalty Revenue $0.0 $0.7 license agreements with Microsoft R&D Expense $7.5 $5.8 ▪ R&D Expense: $7.5 million for 2022 included higher salary SG
Slide 11: Key Investment Highlights
Key Investment Highlights Uniquely positioned to capture the cumulative potential revenue opportunity of $80 Billion Large SAM 1 through 2030 Best-in-Class Lidar 2 1 Highway Pilot capabilities up to 130 km/h enabled by our MEMS-based Lidar and edge Specifications computing with significantly reduced
Slide 12: Thank you
Thank you e MicroVision