Slide 1: Webcast Q1 2025
Webcast Q1 2025
Slide 2: Well positioned for profitable growth
INVESTMENT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG-TERM TIER 1 RELATIONS Series-production customer needs industr
Slide 3: Swedish tech company with patented waveguide technology
GAPWAVES IN BRIEF Swedish tech company with patented waveguide technology What we do Markets Value chain position High-performance antenna solutions Main focus TIER 2 SUPPLIERS Example companies Radars for Automotive, Mobility and Smart City TIER 1 SUPPLIERS Example companies CAR Wireless communicat
Slide 4: Q1 Highlights
Q1 Highlights 2025
Slide 5: Strong growth initiates a transformative year
Q1 HIGHLIGHTS Strong growth initiates a transformative year Production New development orders from ramp-up existing and new Tier 1 customers Strong growth momentum sustained, driven by increased number of Q1 Net Q1 Adj. development projects Sales EBITDA Improved profitability, reflecting solid reven
Slide 6: Business model & strategy
Business model & strategy We grow together with our customers
Slide 7: We grow together with our customers
BUSINESS MODEL AND STRATEGY We grow together with our customers - generating revenue at every step Phase 1 Phase 2 Phase 3 6-18 months 9-36 months 6-8 years Prototype Contractual Product Start of Volume Pre-study project work development production production Non-recurring engineering revenue (NRE)
Slide 8: Scalable and flexible with minimized Capex
BUSINESS MODEL AND STRATEGY Scalable and flexible with minimized Capex Volume production Prototype production European Research & Development supply chain – Work in progress Gothenburg Tianjin, China Chuzhou, China Industrialization High-volume Antenna design Prototypes Lower volume CUSTOMERS and de
Slide 9: Market potential
Market potential Automation drives radar growth
Slide 10: Regulation and consumer needs are strong drivers – Automation drives radar growth
MARKET POTENTIAL Regulation and consumer needs are strong drivers – Automation drives radar growth Market drivers Product impact Industry impact Automotive radar forecast (million units) 350 > 3 radars NCAP1) Higher resolution Increasing demand per car 300 & Legislation & performance for Waveguide E
Slide 11: Regulation and consumer needs are strong drivers – Automation drives radar growth
MARKET POTENTIAL Regulation and consumer needs are strong drivers – Automation drives radar growth One Tier 1 customer Market drivers Product impact Industry impact Radar Indicative NCAP1) Higher resolution Increasing demand type volumes & Legislation & performance for Waveguide Million antennas & &
Slide 12: Well positioned for profitable growth
INVESTMENT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG-TERM TIER 1 RELATIONS Series-production customer needs industr
Slide 13: Q&A
Q&A
Slide 14: For more information
For more information CONTACT Jonas Ehinger Robert Berhof CEO CFO jonas.ehinger@gapwaves.com robert.berhof@gapwaves.com
Slide 15: Thank you!
Thank you! Follow us Gapwaves AB (publ) Corp. Reg. No. 556840-2829 Headquarters: Nellickevägen 22 SE-412 63 Gothenburg, Sweden Tel: +46 31 762 60 40 E-mail: info@gapwaves.com www.gapwaves.com