Slide 1: Investor Presentation
Investor Presentation August 2022 Atomera Incorporated 1
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements concerning Atomera Incorporated (““Atomera,” the “Company,” “we,” “us,” and “our”). The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” and s
Slide 3: Investment Overview
Investment Overview ► Mears Silicon Technology (MST®) is a thin film used to enhance semiconductors § Results in higher performance, lower power, and lower costs for ICs ► Capital-light IP and technology licensing business ► Engaged with 50% of world’s top semiconductor makers ► Licenses with five c
Slide 4: MST Technology
MST Technology Potential Benefits ► Improved Efficiency § Higher transistor performance § Lower power consumption § Better reliability ► Lower cost § Reduced die size § Improved yield § Higher throughput ► Same benefits as a node shrink Atomera Incorporated 4
Slide 5: Strong and Growing IP Portfolio
Strong and Growing IP Portfolio 318 Patents Granted and Pending Discoverable These distinctive layers are visible on products using MST 122 US Patents 94 28 Pending 66 US Foreign 102 Foreign Patents Core MST Method and Device MST Enabled Devices/Architecture Extensive know-how Next-Gen Architectures
Slide 6: Target Customers & Partners
Target Customers & Partners Integrated Device Manufacturers Foundry Fabless Tool Suppliers (Partners) Atomera Incorporated 6
Slide 7: Customer Engagement & Revenue Model
Customer Engagement & Revenue Model v Customer Wafer Manufacturing Atomera MST® Deposition Customer MST® Deposition 1. Planning 2. Setup 3. Integration 4. Installation 5. Qualification 6. Production Phase Engineering Service • MST deposition on customer wafers Fees • Integration consulting • Integra
Slide 8: Customer Pipeline
Customer Pipeline • 20 customers, 26 engagements • 10 of the top 20 (IC Insights, McClean Report 2021) • Working with 50% of the world’s top semiconductor makers* ^ End of year engagement count, plus CY quarters Atomera Incorporated 8
Slide 9: MST Key Benefits Across Nodes
MST Key Benefits Across Nodes Leading Analog & Mainstream FinFET GAA RF SOI Planar Mobility 8% 20% 25% 10% 15+% Dopant Engineering 20% 15% 15% 15% 20% Reliability (TDDB/BTI) 25% 25% 25% 25% 180nm 130nm 90nm 65nm 40nm 28nm 22nm 16/14nm 10nm 7nm 5nm 2nm These Benefits are ADDITIVE & COMPLEMENTARY to o
Slide 10: MST technology focus areas
MST technology MST-SP focus areas MST for RF-SOI MST for Advanced Nodes Atomera 10
Slide 11: Royalty Opportunity
Royalty Opportunity ► ~410 wafer fabs operating worldwide ► Adoption of MST in one fab can make Atomera profitable from royalties alone § 2022 non-GAAP OPEX guidance is $14.75M - $15.25M Example 1 | Worldwide Average Fab Example 2 | Leading Foundry, 28nm Fab Monthly Fab Capacity1 Monthly Fab Capacit
Slide 12: MST Customer Business Opportunity
MST Customer Business Opportunity ► Foundry economics Wafer GM$ MST Wafer Price GM% Increase Royalty Cost 28nm HP wafer $ 3,300 45% $ - $ - $ 1,815 28nm HP+ wafer $ 3,450 45% $ 68 $ - 5% higher price for +15% performance boost 28nm HP wafer with MST $ 3,600 47.0% $ 208 $ 72 $ 1,907 30% performance b
Slide 13: Financial Review
Financial Review Income Statement Three Months Ended ($ in thousands, except per-share data) June 30, 2022 March 31, 2022 June 30, 2021 REVENUE $ - $ 375 $ - Gross Profit - 294 - OPERATING EXPENSES Research & Development 2,433 2,339 2,069 General and Administration 1,667 1,648 1,506 Selling and Mark
Slide 14: Summary
Summary ► High margin, recurring revenue financial model ► Strong technology, patent position, and balance sheet ► Traction with many top industry players and growing licensee base ► Ramping commercial license revenues Atomera Incorporated 14
Slide 15: Thank You
Thank You Atomera Incorporated 15