Ouster, Inc. · NASDAQ:OUST
Ouster — Q3 2022 Earnings Presentation
15 slides from Ouster's earnings presentation, Nov 7, 2022
Slide 1: Third Quarter 2022 Earnings Update
Third Quarter 2022 Earnings Update November 7, 2022 Palm Drive, Stanford Captured with REV7 OS1 1
Slide 2: Disclaimers: Forward Looking Statements
Disclaimers Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities law. Such statements are based upon current plans, estimates and expectations that are subject to various risks and uncertainties that could cause actual results
Slide 3: Disclaimers: Additional Information
Disclaimers Additional Information In connection with the proposed transaction, Ouster and Velodyne plan to file with the SEC and mail or otherwise provide to their respective stockholders a joint proxy statement/prospectus regarding the proposed transaction. INVESTORS AND OUSTER’S AND VELODYNE’S RE
Slide 4: Continued momentum across verticals in the third quarter of 2022
Differentiated Technology Diversified Business Continued momentum Proven Ability to Execute across verticals in the third quarter of 2022 4 4
Slide 5: L3 Chip
The power of Digital Lidar silicon is a step L3 Chip change in affordability and performance 5
Slide 6: REV7 is the highest performing family of sensors on the market
REV7 is the highest performing family of sensors on the market and doubles Ouster’s SOM1 OSDome OS0 OS1 OS2 Hemisphere Short-Range Mid-Range Long-Range Hemispheric 180° 1.5x more range than More than 2x more range Over 200m 10% range, field-of-view with 4x higher competitors with 6x higher than comp
Slide 7: REV7 met with fantastic early customer response as production ramps
REV7 met with fantastic early customer response as production ramps Industrial traction Smart infrastructure traction Signed a multi-year SCA for several One of the world’s largest companies will hundred OS1 and OS0 REV7 sensors through deploy several hundred sensors across 2023 to equip commercial
Slide 8: Bringing Digital Lidar to Automotive
Bringing Digital Lidar to Automotive Solid-state short, medium, and long-range sensors for series production vehicles Digital Flash Series powered by Chronos silicon SYSTEM ON A CHIP PROGRESSION 40nm XXnm Godzilla Chronos 2021 2023 8
Slide 9: Ouster is well positioned to capture fast-growing markets
Ouster is well positioned to capture fast-growing markets Four major catalysts for growth 1 2 3 4 L3 CHIP DF SERIES CERTIFICATIONS SOFTWARE ECOSYSTEM Our single biggest Developing cutting Progress towards Developer tools, performance jump, ever edge, automotive-ready ASIL-B, SIL-2, and partners, and
Slide 10: Proposed Merger of Equals with Velodyne expected to:
Proposed Merger of Equals with Velodyne expected to: Accelerate Lidar Adoption Complementary customers, partners, distribution channels Reduced product costs Strengthen Financial Position Operational synergies to drive efficient cost-structure Extend cash runway and drive path to profitability 10
Slide 11: Q3 2022 Results
$11.2 Million in Revenue 44% increase over the third quarter of 2021 8% increase over the second quarter of 2022 33% Gross Margins Up from 24% in the third quarter of 2021 Up from 27% in the second quarter of 2022 2,136 Sensors Shipped 31% increase over the third quarter of 2021 7% increase over the
Slide 12: Multi-market approach eliminates dependency on a single market
Approximately 80 84 Strategic Customer 700+ customers1 new customers Agreements across 50 countries across verticals in Q2 Q3 revenue driven by: Multi-market approach eliminates dependency 38% 37% Industrial Robotics on a single market 1 12 “Customer” is defined as having purchased a sensor within t
Slide 13: Full Year 2022 Guidance
Reiterate 2022 Revenue Guidance $40 to 55 Million in Revenue Full Year 2022 Reiterate 2022 Gross Margin Target Guidance 25 to 30% Margins 13 1 7 3
Slide 14: Focused on three key areas to strengthen our business
Strategic Fundraising Drew remaining $20 million on term loan facility Raised approximately $1.8 million through ATM2 Targeted Spend Initiatives to improve cost structure Manufacturing efforts to reduce our bill of materials and improve margins Focused on three key areas Accelerated Growth to streng
Slide 15: Winery, California Central Valley Captured with REV7 OS1
Winery, California Central Valley Captured with REV7 OS1 15