Slide 1: Q3 2022 Earnings Presentation
Q3 2022 Earnings Presentation November 9th, 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: Vision: Leading Tier 1 Supplier of LiDAR & Perception Software
VISION Become the World’s Leading Tier 1 Supplier of LiDAR & Perception Software
Slide 4: New Asia-Based OEM Production Win
New Asia-Based OEM Production Win 5 important takeaways from our fourth production win 4th 2nd Fast 1st 2nd Production win Tier 1 win Ramp-up Nomination Tech platform All targeting Level 3-4 Validates our Revenues expected to in Asia partner programs strategy to become begin in 2024 Growing rapidly
Slide 5: Production wins with two of three leading autonomous driving platforms
We now have production wins with two of the three leading autonomous driving platforms Lidar Lidar sensor sensor ECU Lidar Lidar sensor sensor © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 5
Slide 6: Why We Are Winning
Why We Are Winning Winning in automotive and non-automotive for the same reasons Price & Performance Automotive Grade • Range • Form Factor / Size • Resolution • Product Weight • Field of View • Weather Tolerance • Power Consumption • Vibration & Heat Tolerance • 905nm Price Point • Quality & Reliab
Slide 7: L2+ to L3 Autonomy Megatrend is Emerging
L2+ to L3 Autonomy Megatrend is Emerging Exactly where Innoviz is focused LEVEL 0 Warning Systems LEVEL LEVEL LEVEL 1 2+ 3 LEVEL 4 LEVEL 5 Driver Assistance Full Self Driving/ Robotaxi High Level Driving LEVEL Automation 2 Conditional Driving Automation Partial Automation Conditional Driving Driver
Slide 8: We Have a Robust Pipeline
We Have a Robust Pipeline Entirely L2+ to L3 1-3 OEMs likely to Currently doing business or actively decide in next competing for business with OEM’s that 6 months represent ~57% of global production ~42% 11 OEMs Majority ~15% Across Asia, North of OEM share America and Europe likely to be 3 OEMs ~4
Slide 9: Shipped D-Sample Units to Customers
Shipped D-Sample Units to Customers Final step before full series production Test A-Samples B-Samples C-Samples D-Samples Full Series Units Shipped Production © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in
Slide 10: Production Throughput Enhancements
Production Throughput Enhancements Meaningful upgrades made to production processes Component Assembly & Testing Leveraged downtime from HQ Removes a key move in Q3 to make multiple bottleneck in Movie changes to our calibration and production testing process Meaningful improvement in Will unlock mo
Slide 11: Reaching 30+ Global Partners and Distributors
Reaching 30+ Global Partners and Distributors 3D digital mapping solutions for a broad range of applications including HD maps, robotics, construction, surveying, and "digital twinning" and "industrial metaverse" applications Being used at ports across China, including on autonomous trucks and AGVs,
Slide 12: Leadership in Automotive Makes us More Competitive in Non-Automotive
Leadership in Automotive Makes us More Competitive in Non-Automotive Leading Position – Light Vehicle Automotive Increasing Presence – Industrial & Non-Automotive CONSUMER VEHICLES Automotive Positives: ROBOTAXIS & TRUCKING MAPPING • High Volume SHUTTLES • Long-Term Revenues • Enterprise Level Deals
Slide 13: Demos, Product training, Hands-on workshops, Ecosystem development
Demos ● Product training ● Hands-on workshops ● Ecosystem development © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 13
Slide 14: Q3'22 Financial Update
Q3’22 Financial Update Eldar Cegla, Chief Financial Officer
Slide 15: Cash Position & Financial Update
Cash Position & Financial Update Maintain high liquidity level of $218M in Revenues for Q3 2022 cash, short-term deposits, and marketable securities $2.1M Innoviz operating cash burn in Q3 2022 was within planned budget Revenues for Q3 2022 were $0.9M, versus $2.1M in Q2 2021, impacted by our $0.9M
Slide 16: Well Ahead of 2022 Targets
Well Ahead of 2022 Targets TODAY 2022 TARGETS 4 14 11 10 (14) Serial Production Pre-production RFIs & RFQs in different stages Pre-production programs Program Programs of discussions expected in 2022 (+1 in 3Q22) (+2 in 3Q22) (-1 with new win) MILESTONE UPDATES 1+ (2) Automotive design wins in 2022
Slide 17: Q&A
Q&A © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 17
Slide 18: Investors@innoviz-tech.com
Investors@innoviz-tech.com © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 18
Slide 19: Thank You!
Thank You! © INNO VIZ TECHNOLOGIES