Slide 1: Q4 2024 Earnings Presentation
Q4 2024 Earnings Presentation February 26, 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements within the but not limited to, the ability to implement business plans, forecasts, and other meaning of the federal securities laws, including statements regarding the expectations, the ability to convert design
Slide 3: Our Vision
OUR VISION Become the World’s Leading Tier-1 Supplier of LiDAR & Perception Software © Innoviz Technologies Ltd. 2025 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or 3 Disclosed in Any Manner.
Slide 4: Highlights: Strong 2024 revenue and cash performance
Strong 2024 revenue and cash performance Recent • Revenues of $24.3M, above midpoint of guidance range of $23.5M - 25.0M HIGH • Further decreased cash used in operations and capital expenditures from $99.6M in 2023 to $81.4M in 2024 Entered into an ~$80M multi-year NRE payment plan with key customer
Slide 5: Innoviz Transforms Financial Position: ~$80M Multi-Year NRE Payment Plan
Innoviz NRE payments are Press Release Transforms expected in 2025-2027, Innoviz Bolsters Financial Position with with the majority of Financial payments expected in Approx. $80M through Multi-Year NRE Payment Plan with Key Customers Position 2025 and 2026 ($40M+ expected in 2025) Approx. $80M throu
Slide 6: Innoviz Transforms Financial Position: Registered Direct Offering
Innoviz Transforms Proceeds of registered Financial direct offering of $40M Position (gross) to be used in funding business Raised ~$40M gross in growth moving forward registered direct offering and optimized Provides operational operations runway and resilience ahead of SOP and volume ramps in 2026
Slide 7: Mobileye to Use Innoviz LiDARs in its Mobileye Drive AV Platform
Mobileye to Use Innoviz LiDARs in Press Release its Mobileye VW ADMT ID. Buzz Drive AV Schaeffler cz Platform Verne 2-Seater Holon Robotaxi People Mover Innoviz LiDARs enable Mobileye L4 application InnovizTwo Long-Range 3 units per vehicle InnovizTwo Short-Range 6 units per vehicle Full 3600 covera
Slide 8: VW ADMT ID. Buzz
VW ADMT ID. Buzz 3x InnovizTwo Long-Range (roof mount) Autonomous shuttle (L4) Planned operation Europe, North-America and Middle-East ADAS system LiDAR sensors suite • 3x InnovizTwo Long Range detection • 6x InnovizTwo Short-Range surrounding detection Project schedule • Test vehicles in operation
Slide 9: Holon People Mover Public Transportation
iTwo SR iTwo iTwo SR Holon “People Mover” Public Transportation Division of Benteler Corporation, Germany iTwo Benteler is a vendor of automotive components and modules Vehicle will carry up to 15 passengers ADAS System Sensors Suite iTwo SR iTwo iTwo SR • 3x InnovizTwo Long-Range detection • 6x Inn
Slide 10: Schaeffler Public Transportation
Schaeffler Public Transportation Key Facts • Traditional German Tier-1 • Partner with VDL Dutch OEM for trucks and busses • Mobileye Drive L4 drive kit • First test vehicles planned for 2025 © Innoviz Technologies Ltd. 2025 All Rights Reserved – Proprietary & Confidential. No Part of this Document M
Slide 11: Verne 2-seater Robotaxi Public Transportation
Verne 2-seater Robotaxi InnovizTwo Public Transportation Long-Range Offering Hail-Riding Operation • Located in Croatia, R&D in the UK ADAS System Sensor Suite • 3x InnovizTwo Long-Range detection • 6x InnovizTwo Short-Range surrounding detection • 6x radars • 12x cameras Key Facts • Fully autonomou
Slide 12: Volkswagen Group Programs Advancing
Volkswagen Group Programs Advancing Continued work on existing programs: • In addition to Level 4, Innoviz is working with VW on Level 3 programs • Engagement encompasses multiple VW brands Development process progressing well: • Innoviz passing various audits and development gates successfully • On
Slide 13: Leveraging NVIDIA DRIVE AGX Orin and Hyperion platforms
Leveraging the NVIDIA DRIVE AGX Orin and Hyperion 8 platforms, Innoviz will be able to offer OEMs a powerful combination of LiDAR sensors and perception software Innoviz Perception Software Optimized to Run with NVIDIA DRIVE AGX Orin Platform © Innoviz Technologies Ltd. 2025 All Rights Reserved – Pr
Slide 14: Opportunities with Multiple Leading OEMs
Opportunities with Multiple Leading OEMs Innoviz is maintaining a robust pipeline of RFIs and RFQs across the globe North American customer activity accelerating; various RFIs and RFQs including Level 3 and Level 4 programs In various stages of sourcing processes; expecting to hear back from several
Slide 15: Smart Applications
Smart Applications Our technology is highly transferable to areas outside the automotive domain Opportunities in areas such as security, smart infrastructure, airports, and ground truth data collection Markets that could benefit from our mature and robust LiDAR and expanding production capacity © In
Slide 16: 2025 Targets
2025 Targets Expanding revenue via NREs, new programs, and sales of LiDAR Growing Revenue Adding Adding $50-60M 1-3 $20-50M Positive GM New NRE Bookings Revenue 2x+ 2024 levels Programs © Innoviz Technologies Ltd. 2025 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be
Slide 17: 2024 Financial Update
2024 Financial Update Eldar Cegla, Chief Financial Officer
Slide 18: 2024 Financials
2024 Financials Cash used in $24.3M Revenues Operations & Capital Revenues grew to $24.3M, Expenditures compared to $20.9M in 2023 $81.4M $99.6M Cash used in operations and capital expenditures of $81.4M, $24.3M $81.4M compared to $99.6M in 2023 $20.9M Reduced operating expenses to $100.8M, a 17% de
Slide 19: Key Takeaways
Key Takeaways Mobileye Made meaningful announced that it With addition of Working to progress with VW, will integrate NVIDIA, can serve converge various and potentially Innoviz LiDARs OEMs across all late-stage RFQs, expanding into the Mobileye major platforms including with relationship across Driv
Slide 20: Thank You!
Thank You! fo) INNOVIZ TECHNOLOGIES