Slide 1: The New Industry Standard for Immersive Wireless Sound
NASDAQ: WISA The New Industry Standard for Immersive Wireless Sound Summit Wireless Q3 2021 Investor Call November 10, 2021
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of Summit Wireless Technologies, Inc. (NASDAQ: WISA) (the “Company” or “WISA”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amen
Slide 3: Summit Wireless
Summit Wireless Summit Wireless is a leading provider of immersive, wireless sound technology for intelligent devices & next-generation Summit Wireless home entertainment systems NASDAQ: WISA Markets and sells ASICS, Association with 70+ modules & IP that is leading CE brands integrated into leading
Slide 4: WiSA Association: Building a Standard
WiSA Association: Building a Standard The WiSA Association has 70+ member brands implementing worldwide standards for high definition, multi-channel, low latency audio using our WiSA global interoperability standard TVs AVRs Consumers Win •- Greater simplicity - •- Greater access to content - Window
Slide 5: More Accomplishments
More Accomplishments • Rolling Stone “Best Home Theater System” to Platin Milan 5.1 • Former HDMI executives increasing traction and monetizing the WiSA Standard WiSA Online Storefronts • Launched numerous WiSA Certified™, WiSA Ready™ and WiSA SoundSend Certified™ products and designs • LG Electroni
Slide 6: Why Now?
Why Now? Annual Website Traffic Revenue Growth YOY ~160% number of visitors ~2,000,000 41% 365,800 31% 26,200 9 mo.s 9 mo.s 2019 A 2020 A 2021 E 2019 A 2020 A 2021 A/Est. NASDAQ: WISA 6
Slide 7: Today’s Sound Experience Options
Today’s Sound Experience Options WiSA’s Advantage Home Theater Discreet Speakers / Spatial Sound • Better Sound Field Soundbar + Subwoofer + Simulated Dolby Digital/Atmos • Simple Installation • Lower Prices Soundbar + Subwoofer Soundbar TV $799 $1,300 $1,800 $899+ Premium Soundbar Systems (i.e. Son
Slide 8: Best Home Theater System: Platin Milan 5.1
Best Home Theater System: Platin Milan 5.1 Rolling Stone Essentials 2021 NASDAQ: WISA 8
Slide 9: Spatial Audio Has Arrived
Spatial Audio Has Arrived Articles in “Apple Music’s Spatial Audio and Lossless Streaming are Now Available on Android” “Verizon Has Its Own Version of Spatial Audio and It’s Already Pushing It on Phones” “Netflix is Finally Adding Support for Spatial Audio on iPhone and iPad” The company is rolling
Slide 10: What’s Next? Spatial Audio for the World
What’s Next? Spatial Audio for the World Mobile Gaming Wireless Headset Audio Bulb PC Movie Smart TV, Home Theater, STB, Wearable Game Console Pandora Multi-room NASDAQ: WISA 10
Slide 11: Primary Growth Drivers
Primary Growth Drivers WiSA Wave SoundSend • 2M visitors universal, low-cost projected for 2021 WiSA connectivity • 7 National retailers opening virtual storefronts increasing ease of WiSA CertifiedTM sales Discovery: Next-Gen Wi-Fi Module Wi-Fi tech broadening the market through lower cost NASDAQ:
Slide 12: WiSA’s Award-Winning Unifier
WiSA’s Award-Winning Unifier Your Smart TV WiSA SoundSend Amazing Speakers Works with 100s of millions of Universal transmitter easily connects to Amazing WiSA Certified speakers TVs with ARC/eARC your TV and sends HD audio to speakers from great brands NASDAQ: WISA App for Android OS TVs: Sony, Sha
Slide 13: WiSA Wave Benefits Brands and Consumers
WiSA Wave Benefits Brands and Consumers Brands: • Ad cost covers multiple brands Annual Website Traffic • Displays WiSA as a Category number of visitors Consumers: ~2,000,000 • Educates on WiSA benefits • Directs them to “learn more” or shopping sites ~1,200,000 Marketing: • Identifies an audio cons
Slide 14: WiSA Wave Leveraging Digital Marketing
WiSA Wave Leveraging Digital Marketing Brands or retailers remarket using WiSA Wave analytics. For example: • Demographics • Geography • Repeat visitors • Shoppers vs researchers • Time on site • Consumer vs audiophile shopper NASDAQ: WISA 14
Slide 15: Expanding the Ecosystem: 7 Storefronts
Expanding the Ecosystem: 7 Storefronts 7 Online Retail Storefronts Opening Establishing Various Price Points Audiophile Brands $2,000 - $20,000 Mainstream $1,098 - $1,495 Entry Level $799 - $999 Milan 5.1 with WiSA SoundSend NASDAQ: WISA 15
Slide 16: Soundbar Opportunity: Low Hanging Fruit
Soundbar Opportunity: Low Hanging Fruit Soundbars Units* 52.1 2022 Projected Soundbar SAM** (in Ms) 48.3 Audio Configuration Gen 1: 5.1 Soundbar units (Ms) 41.8 44.9 WiSA Share 5% 41.8 WiSA Systems (Ms) 2.1 38.7 Speakers per configuration 6 Transmitters per system 1 35.8 Module TAM (Ms) 14.6 Module
Slide 17: Beyond Premium Audio: Driving 2022 Growth
Beyond Premium Audio: Driving 2022 Growth Home Entertainment • First Gen Technology established WiSA as multi-channel wireless technology brand with a complete ecosystem of TVs/transmitters and speakers • Next Gen extends WiSA to all smart devices with massive TAM Discovery: • Immersive Sound Expand
Slide 18: Former HDMI Team to Evangelize and Monetize the WiSA Standard
Former HDMI Team to Evangelize and Monetize the WiSA Standard Industry Veterans Bring Extensive Experience in Developing, Launching, and Licensing Multiple Standards-based Technologies • Co-founder and GM of unit of Silicon Image that launched and built the HDMI standard • Drove revenue from both IP
Slide 19: 198% Q3 2021 Revenue Growth
198% Q3 2021 Revenue Growth Q3 ‘21 Revenue & Gross Margin • $1.8M revenue, up 198% vs. Q3 ’20 ($ in M) $6.3 to $6.5 • 28.0% gross margin, up from 17.1% in Q3 ‘20 28% to • $3.4M opex, including $0.4M of non-cash, vs. 30% $3.1M, including $0.7M of non-cash in Q3 ’20 • $2.1M net loss, including $0.9M b
Slide 20: Expanding WiSA Ecosystem Driving Growth
Expanding WiSA Ecosystem Driving Growth Investing in strategic marketing and innovation More TV More Integration Consumers Strong balance sheet Driving Cash & Cash Equivalents Revenue Lower More • $16.1M at 9/30/21 Entry Growth Speaker • ~$13M expected at 12/31/21 Prices Brands Well Capitalized for
Slide 21: Expanding Ecosystem, Fueling Growth
Expanding Ecosystem, Fueling Growth # of Website • Building the standard, like HDMI Visitors Immersive Sound • Protected IP and WiSA trademark (in $000s) ~2,000 Huge Market • Soundbars, Smart TVs, Wireless Speakers, Opportunity Headphones, Smartphones 366 9 mo.s 26 Increasing WiSA • ~1.2Mk website v
Slide 22: Stay Home and Save with Stadium Surround Sound
Stay Home and Save with Stadium Surround Sound Shop WiSA Certified™ products at numerous locations and online storefronts To save $100 on either the Milan 5.1 or Monaco 5.1 systems, both shipping with the WiSA SoundSend NASDAQ: WISA included, use the discount code WISA$100 at www.platinaudio.us 22
Slide 23: www.summitwireless.com
Investor Relations Greg Falesnik, CEO - MZ North America 949-385-6449, WISA@mzgroup.us Kirsten Chapman, MD - LHA Investor Relations 415-433-3777, summit@lhai.com Summit Wireless Technologies, Inc. 6840 Via Del Oro, Suite 280 San Jose, CA 95119 www.summitwireless.com
Slide 24: Summit Leadership
Summit Leadership Brett A. Moyer George Oliva Tony Ostrom Tony Parker James Cheng Keith Greeney Ed Green Founders/Executive CEO, Pres. & Chair CFO President, VP, Bus. Dev. VP of Worldwide Sales VP of Engineering VP of Operations WiSA Association & Strategy • Focus Enhancements, • Hardesty LLC • Amlo