Navitas Semiconductor Corporation · NASDAQ:NVTS
Navitas Semiconductor — Roth New York (November 2024)
30 slides from Navitas Semiconductor's conference presentation, Nov 19, 2024
Slide 1: Corporate Update Nov. '24
Corporate Update Nov. ’24 ir@navitassemi.com Rev 11-19-24 for Roth New York © Navitas Semiconductor, 2024 1 1 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024 © Navitas Semiconductor 2023
Slide 2: © Navitas Navitas Semiconductor, Semiconductor, 2024
2 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 3: The Fossil Fuel Challenge
The Fossil Fuel Challenge 3 3 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 4: The Electrified World
The Electrified World 4 4 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 5: Pure-Play, Next-Gen Power Semiconductors
Pure-Play, Next-Gen Power Semiconductors Up to Up to Up to Up to Up to Up to 20x 3x 40% 3x 3x 25% Faster Smaller & Energy Higher Faster Lower Switching(1) Lighter(1) Savings(1) Power Density(1) Charging(1) System Cost(2) GaN and SiC replacing Si in next-generation power applications 1. Statistical d
Slide 6: $22B+ GaN & SiC 'Pure-Play' Opportunity
$22B+ GaN & SiC ‘Pure-Play’ Opportunity (1) 10 MW+ SiC (1) Industrial UPS $9.3B Wind Grid 1 MW Commercial EV Charging Commercial Rail Solar 100 kW Application Power GaN / SiC (1) 800 V EV Industrial Power Train Robotics Medical $6.1B Data Centre PSU Factory Industrial Motor Drive Imaging 10 kW 400 E
Slide 7: Sustainable, Competitive Advantage
Sustainable, Competitive Advantage Key Patents in GaN and SiC 300+ Patents issued or pending encompassing key aspects of GaN power circuitry, analog and digital integration, and SiC device design and fabrication(1) Proprietary Design & Process Led by pioneers in SiC and GaN, the Navitas team has a p
Slide 8: Faster Time-to-Market: Unique System Design Centers
Faster Time-to-Market: Unique System Design Centers Power System Platform Design High Frequency, High Efficiency, High Density, High Integration System design Electrical, thermal, evaluation & mechanical, EMI, BOM feedback cost, manufacturing and yields Customer Semi Design Application-specific GaN
Slide 9: GaNFast Integration Drives Performance
GaNFast Integration Drives Performance 9 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 10: © Navitas Navitas Semiconductor, Semiconductor, 2024
10 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 11: Industry's Only 20-Year Warranty
Industry’s Only 20-Year Warranty TOLL TOLT 11 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 12: AI: Navitas Delivers The Power
AI: Navitas Delivers The Power Up to 120 kW per rack • Power roadmap for Hopper-Blackwell-Rubin AI GPUs End Customer Targets • Power per-rack increasing from 30 to 480 kW • Revenue ramping from Q3 2024 • 60 active customer developments 12 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 13: AI: Navitas Delivers Innovation & Performance
AI: Navitas Delivers Innovation & Performance • Intelliweave PFC digital control (patented) •Precision current-sharing, ultra-fast dynamic response and minimal phase error •Up to 30% energy savings (PFC): highest efficiency across load range, with 99.3% peak PFC efficiency • Benchmark 8.5 kW, 3-phas
Slide 14: New MV GaNFast expands TAM by $1B+
New MV GaNFast expands TAM by $1B+ • Medium-voltage (MV) GaNFast range • 80-200V for 48V applications, 100s to 1,000s Watts • Samples expected Q4’24Q1’25, mass production target Q4’25 • Dual-sourcing arrangement with Infineon Technologies • Reciprocal access (cross-licensing) to GaN patent portfolio
Slide 15: Patented Trench-Assisted Planar SiC MOSFETs
Largest range of SiC FETs & diodes (650 V to 6.5 kV) Patented Trench-Assisted Planar SiC MOSFETs Highest efficiency hard-switch, soft-switch Lowest RDS(ON) at high temperature (Lowest EON, EOFF, EZVS losses) (25% lower than industry typical) Highest published capability to handle World-class surviva
Slide 16: Best of Both: Trench-Assisted Planar Gate
Best of Both: Trench-Assisted Planar Gate 16 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 17: High-Speed, Cool Running: AI Enabling
High-Speed, Cool Running: AI Enabling • GeneSiC vs. competitor SiC FET • GeneSiC vs. competitor SiC FET » 1200 V, 20 mΩ, TO-247-4L » 1200 V, 40 mΩ, D2pak in half-bridge » Higher drain current » 150 kHz switching = ~10x faster than Si IGBT » Lower conduction losses » 30% lower FET loss vs. other SiC
Slide 18: AEC-Q101
AEC-Q101 18 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 19: EV: Customer Pipeline +25% to 200+ Projects
EV: Customer Pipeline +25% to 200+ Projects 22 kW, OBC 3-in-1 107 mm • 400V and 800V battery solutions; GaN + SiC • Up to 3x smaller, 40% lighter, 30% energy savings • 200+ customer projects in development • 6 new design wins in Q3 19 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 20: © Navitas Navitas Semiconductor, Semiconductor, 2024
20 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 21: © Navitas Navitas Semiconductor, Semiconductor, 2024
21 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 22: Mobile: GaN Goes Mainstream
Mobile: GaN Goes Mainstream • Xiaomi, OPPO “30% GaN in 2024”; Samsung expand from Galaxy S to Galaxy A, +Fold, + Flip • Three new Tier-1 OEM wins start ramp Q2 ‘25 • GaNSlim with 26 new wins in Q3 22 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 23: World's First Bi-Directional GaN Power IC
World’s First Bi-Directional GaN Power IC Up to 9x smaller die 2x very large Si MOSFETs 2x GaNFast 1x Bi-directional power ICs GaNFast power IC • For bi-directional operation, traditional power semis need many, large devices • Proprietary, ‘bi-directional’ GaNFast power ICs: • Smallest, most efficie
Slide 24: Solar / Storage: First GaN Micro-inverters
Solar / Storage: First GaN Micro-inverters • 100+ customer projects in development • GaN for residential micro-inverters • SiC for higher-power, higher-voltage string inverters • SiC for energy storage systems • Majority of top-10 string inverter OEMs engaged or in production • Major US GaN micro-in
Slide 25: © Navitas Navitas Semiconductor, Semiconductor, 2024
25 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024
Slide 26: Appliance & Industrial: Growing Pipeline for 2025-26 Ramp
Appliance & Industrial: Growing Pipeline for 2025-26 Ramp • Diverse GaN & SiC portfolio for a diverse market • Diverse customers, regions, applications: • 7 / top 10 appliance leaders • Motors, pumps, air-con, heat pumps, compressors, chargers, fans, conveyors, robots, auxiliary supplies… • 25 new p
Slide 27: Accelerating Sustainability
Accelerating Sustainability Navitas Corporate GHG Scope 2, 3 (GaN only) Navitas Corporate GHG Scope 2, 3 (GaN + SiC) Feb ’22 World’s first GaN May ’22 World’s first semiconductor Aug ’22 First 100,000 tons CO2 saved Oct ’22 Recognized as Industry- Nov ’23 Consolidated GaN + SiC Sustainability Report
Slide 28: Customer Pipeline Over $1.6B
Customer Pipeline(1) Over $1.6B August 2024 Highlights >$1.6B December 2023 $1.25B • Data Center (GaNSafe, Gen-3 ‘Fast SiC) • 60+ customer projects in development May 2023 • New LV-GaN platform to ramp Q4’25 $0.76B • EV (GaNSafe, Gen-3 ‘Fast SiC) • 50%+ pipeline growth vs. $400M in Dec’24 • Mobile/C
Slide 29: Navitas: Growing Faster than the Market
Navitas: Growing Faster than the Market • Q3 2024 Financial Report (November 5th, 2024) • Q3’24 Revenue $21.7M (up 22% YTD vs ‘23) • Cash ~$100M, no debt Q4E • ~187M shares outstanding • Customer pipeline >>$1.6B • Good position to scale to long-term growth and profitability “Our leading-edge techno
Slide 30: © Navitas Navitas Semiconductor, Semiconductor, 2024
30 30 ©Navitas © NavitasSemiconductor, Semiconductor, 2024 2024 © Navitas Semiconductor 2023
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