Slide 1: Q4 2024 Investor Presentation
Q4 2024 Investor Presentation 1 Copyright © D-Wave
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information express
Slide 3: D-Wave at a Glance
D-WAVE AT A GLANCE MARKET LEADER ESTABLISHED PRODUCT PORTFOLIO: • World’s largest Quantum Computer • Accessible through production-grade cloud service • Peer-reviewed publication of quantum supremacy GROWING COMMERCIAL ADOPTION: Quantum Annealing Real-Time Quantum Cloud Open-Source Python Tools Cust
Slide 4: Beyond Classical: D-Wave First to Demonstrate Quantum Supremacy on Useful, Real-World Problem
BEYOND CLASSICAL: D-WAVE FIRST TO DEMONSTRATE QUANTUM SUPREMACY ON USEFUL, REAL-WORLD PROBLEM New landmark peer-reviewed paper published in Science, “Beyond-Classical Computation in Quantum Simulation,” unequivocally validates D-Wave achievement of the world’s first and only demonstration of quantum
Slide 5: New On-Premises Offering Introduced with First Advantage System Purchase by Julich Supercomputing Centre
NEW ON-PREMISES OFFERING INTRODUCED WITH FIRST ADVANTAGE SYSTEM PURCHASE BY JULICH SUPERCOMPUTING CENTRE Introduced an on-premises systems offering to enable customers to push the boundaries of quantum-fueled experimentation, development and usage Julich Supercomputing Centre is the first high-perfo
Slide 6: Quantum Uplift Program Offers Incentives to Organizations Dissatisfied with Competitive Quantum Systems
QUANTUM UPLIFT PROGRAM OFFERS INCENTIVES TO ORGANIZATIONS DISSATISFIED WITH COMPETITIVE QUANTUM SYSTEMS Program to address organizations’ disappointment with competitor quantum systems that have proven to be incapable of solving practical real-world problems and lack reliable uptime and availability
Slide 7: New "Quantum Realized" Brand Campaign Showcases D-Wave's Tangible and Differentiated Value
NEW “QUANTUM REALIZED” BRAND CAMPAIGN SHOWCASES D-WAVE’S TANGIBLE AND DIFFERENTIATED VALUE Launched the new “Quantum Realized” brand campaign to showcase the benefits of today’s quantum computing and presented a framework to help customers evaluate a quantum company’s relative value Campaign will sp
Slide 8: Rapidly Growing Collection of Customer Applications Tackling Quantum Optimization and Quantum AI Use Cases
RAPIDLY GROWING COLLECTION OF CUSTOMER APPLICATIONS TACKLING QUANTUM OPTIMIZATION AND QUANTUM AI USE CASES Worked with customers on a variety of quantum and hybrid quantum applications including: drug discovery with Japan Tobacco; insurance portfolio optimization with Leithà, the technology and data
Slide 9: Reseller Partnership with Carahsoft Opens Opportunities with Public Sector Customers
RESELLER PARTNERSHIP WITH CARAHSOFT OPENS OPPORTUNITIES WITH PUBLIC SECTOR CUSTOMERS Announced a partnership with Carahsoft Technology Corp., enabling the companies to co-market D-Wave’s comprehensive solutions to the public sector through Carahsoft’s reseller network Solutions include real-time acc
Slide 10: Leap Quantum LaunchPad Introduced to Accelerate Adoption of D-Wave Technology
LEAP QUANTUM LAUNCHPAD INTRODUCED TO ACCELERATE ADOPTION OF D-WAVE TECHNOLOGY Initiated the Leap Quantum LaunchPad program designed to accelerate the exploration and development of quantum and hybrid-quantum applications Program structured as a free 3-month trial that provides access to D-Wave’s pro
Slide 11: Qubits 2025 User Conference to Highlight Product Roadmap, Scientific Advancements and Customer Success Stories
QUBITS 2025 USER CONFERENCE TO HIGHLIGHT PRODUCT ROADMAP, SCIENTIFIC ADVANCEMENTS AND CUSTOMER SUCCESS STORIES Qubits 2025, the company’s annual user conference, will take place March 31 and April 1 in Scottsdale, Arizona Themed “Quantum Realized,” the event will feature company executives, customer
Slide 12: Quantum Realized: Only by D-Wave
QUANTUM REALIZED: ONLY BY D-WAVE COMMERCIAL APPLICATIONS COMPUTATIONAL SUPREMACY 70+ re ve nue ge ne ra ting comme rcia l cus tome rs D-Wa ve : De mons tra te d s upre ma cy on importa nt/us e ful proble ms • Dire ct a pplica tion to ma te ria ls s imula tion Bus ine s s a pplica tions in production
Slide 13: 2024 Financial Update
2024 FINANCIAL UPDATE Quarterly Bookings Annual Bookings - Total # of Customers $20 MILLIONS $18.3M $30 MILLIONS $23.9M 150 133 135 $20 100 $10 Including Including $10.5M 27 Forbes 28 Forbes $10 50 Global 2000 Global 2000 $3.0M $- $- 0 Q4 2023 Q4 2024 FY 2023 FY 2024 2023 2024 GAAP Gross - Profit Se
Slide 14: D-Wave Investment Considerations
D-WAVE INVESTMENT CONSIDERATIONS TECHNOLOGY LEADERSHIP ANNEALING ADVANTAGE CUSTOMER TRACTION PRODUCTION-GRADE OFFERINGS • Designed, developed and • Annealing quantum • Business applications in • Scalable production-grade operating the world’s largest computers that outperform production commercial s
Slide 15: 15 Copyright © D-Wave
D::WAIVC QUANTUM REALIZED. D:\WoOUe