Navitas Semiconductor Corporation · NASDAQ:NVTS

Navitas Semiconductor — Corporate Update (May 2022)

22 slides from Navitas Semiconductor's corporate update, May 17, 2022

  1. Slide 1: Navitas Semiconductor Corporate Update May 2022

    Navitas Semiconductor (Nasdaq: NVTS) Corporate Update May 2022 Includes Q1’22 financials “Electrify Our World™” © Navitas Semiconductor May 17th, 2022 Contact: ir@navitassemi.com Note disclaimers at end of presentation. Information is as of the date specified only.

  2. Slide 2: The Enabling Force

    The Enabling Force Up To Up To 20x 3x 40% 3x 3x 20% Faster Smaller & Energy Higher Faster Lower Switching Lighter Savings Power Density Charging System Cost Note: Statistical data is based on Navitas estimate of GaN-based power systems compared to Si-based systems in the 2024-2025 timeframe. Based o

  3. Slide 3: Second Revolution in Power

    Once every 40 years… Second Revolution in Power Linear Switching Switching HF Switching Regulators Regulators Regulators Regulators 50 Hz 30 kHz 65 kHz 1 MHz 100 Si BJT Si FETs Power Density (W/in3) 95-98% (AC-DC converters ~300W) New Magnetics New Controllers New Topologies 10 2x Energy Savings 90

  4. Slide 4: Speed and Efficiency Drive Value

    Speed and Efficiency Drive Value Size, Weight Energy Savings 1.0x 40% Silicon GaN IC 0.6x GaN Discrete GaN 20% Discrete GaN IC Silicon 0.35x 100 kHz 1 MHz 85-90% 88-92% 90-95% (Switching Frequency) Speed Energy Efficiency GaN power ICs enable up to 3x smaller, lighter (1) GaN ICs save 40% energy (2)

  5. Slide 5: Critical Integration: GaN Discrete to GaN Power IC

    Critical Integration: GaN Discrete  GaN Power IC Passive GaN Discrete Components System GaN IC IC (MCM) 50W Passive 45W Components Speed Shrinks Passives System GaN Discrete IC in Multi-Chip- Module (MCM) GaN ICs 65 kHz 400 kHz Bobbin Transformer (23 mm thick) 6x Faster Planar Transformer (8 mm thi

  6. Slide 6: GaNFast Evolution

    GaNFast Evolution with Silicon FET Unprotected GaN • Old, slow technology • Exposed gate  Internal gate • High Qg • External gate drive  Integrated gate drive • High COSS • dV/dt sensitivity  dV/dt immunity • FSW < 100 kHz • Layout sensitivity  Layout insensitive • ESD sensitivity  2KV ESD rati

  7. Slide 7: Innovation Drives System Value & Cost

    Innovation Drives System Value & Cost $0.12 System Price Parity By 2023 $0.08 Silicon $0.04 Navitas GaN $0.00 2010 2015 2020 2025 2030 • Industry pioneer in GaN ICs • New generation every year • Proprietary AllGaN™ • Gen 3 GaNSense™ in production Process Design Kit (PDK) • VDS upgraded to 700V (800V

  8. Slide 8: High-Volume, Low-Cost, High-Reliability Manufacturing

    High-Volume, Low-Cost, High-Reliability Manufacturing Navitas’ 20+ years of GaN experience Solved complex issues with: GaNFast Power ICs • Manufacturing • Reliability • Materials Finished Wafer Tier-1, Low-Cost Packaging • Capacity Multiple, major suppliers qualified • Cost GaN Epi Layer Multi-sourc

  9. Slide 9: GaN: An Expansive Market Opportunity

    GaN: An Expansive Market Opportunity 1MW+ GaN SiC EV Inverters Utility Wind 100kW Turbines EV On-board Chargers Lateral Vertical Device Application Power & DC/DC Converters Solar Structure String Traction 10kW 5G Base Inverters Yes GaN $13.1B+ Station Circuit (Power + No Market Integration Analog) (

  10. Slide 10: Big Batteries, Fast Charging Need GaN

    Big Batteries, Fast Charging Need GaN USB-PD 3.1 Extended Range to 240W ? 210 6,000 Screen Size and Battery Capacity 200 Incl. Xiaomi, OPPO, vivo, OnePlus, RealMe, Samsung, Apple, Huawei, Google Smartphone OEM Charger Power 190 5,500 GaN 180 5,000 170 160 4,500 150 S22 Ultra GaNGaN 140 4,000 GaN 130

  11. Slide 11: Now Ultra-Fast Chargers

    Now Ultra-Fast Chargers • New, fast-growth market: $1B opportunity by 2025(1) • Full charge in <10 mins (150W), <20 mins (120W) • Increased GaN potential per charger • World’s highest power density 120W, 150W Realme GT Neo 3, 150W Xiaomi Note 11 Pro+, 120W vivo iQOO 9, 120W RedMi F1 Mercedes AMG, 12

  12. Slide 12: Beyond Chargers: $1B+ Potential Markets

    Beyond Chargers: $2B EV* $1B+ Potential Markets $1B Data Center* $1B Solar $2B Consumer $2B Mobile* “It's the end of the road for silicon.” “GaN offers >10x frequency, significant cost advantages” Enphase Fast Chargers Ultra-Fast “Navitas advantages: simplicity of driving, high-speed, reliability &

  13. Slide 13: © Navitas Semiconductor © Navitas

    © Navitas Semiconductor © Navitas 2022Semiconductor 2022 12

  14. Slide 14: Pioneering Growth: #1 in GaN

    Pioneering Growth: #1 in GaN 50M Shipped Zero Failures Industry-First Headcount, Valuation & Revenues 145+ Patents 40M Shipped World’s 20M EV Zero Failures Smallest Shipped Design World’s Thinnest 300W Zero Center Mass 45W USB-PD 120+ Data World’s Failures Production Patents Center Smallest Design 3

  15. Slide 15: © Navitas Semiconductor 2022

    © Navitas Semiconductor 2022 14

  16. Slide 16: Electrify Our World

    Electrify Our World™ © Navitas Semiconductor 2022 15

  17. Slide 17: Industry-Leaders in Sustainability

    Industry-Leaders in Sustainability Every IC saves(3) 4 kg CO2 GaN industry’s first Sustainability Report to quantify the positive First semiconductor company worldwide to achieve impact of GaN on climate change, per global standards CarbonNeutral® company status 4x-10x lower component CO2 footprint

  18. Slide 18: 2x Revenue Plan

    2x Revenue Plan $50 Revenue ($M) $45 (1100% CAGR 2018-2022) $40 Annual Revenue ($M) $35 Q3+Q4 Guidance $30 $25 $20 $15 Q2 Guidance $10 $5 Q1 $Rev $- 2018 2019 2020 2021 2022 * Guidance valid only at time of Q1’22 earnings (May 12th, 2022). No updates provided outside of earnings. © Navitas Semicondu

  19. Slide 19: Navitas Fundamentals

    Navitas Fundamentals • #1 Market share in a $13B market • Strong Financial Performance • 9/10 top mobile customers in production • Q1’22 revenue +27% yr-on-yr #1 • 10/10 in development • 50Mu shipped, zero GaN-related field failures • Expansion markets on track • Guiding $48M (2x) revenue in ‘22 • Q

  20. Slide 20: Disclaimer

    Disclaimer rev, 4-20-22 FORWARD-LOOKING STATEMENTS This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such a

  21. Slide 21: Disclaimer, continued

    Disclaimer rev, 4-20-22, continued IMPORTANT INFORMATION AND WHERE TO FIND IT Navitas files quarterly, annual and periodic reports as well as other information with the U.S. Securities and Exchange Commission (“SEC”), which are available at Navitas’ Investor Relations website at https://ir.navitasse

  22. Slide 22: Thank You

    Thank You info@navitassemi.com © Navitas Semiconductor 2022 21 21

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