Slide 1: Enovix Shareholder Presentation
Enovix Shareholder Presentation Enovix Compensation Committee June 10, 2025 Confidential │ ©2025 ENOVIX
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding our ability to build and scale our advanced silicon-anode l
Slide 3: Enovix At a Glance
A t a G la n c e 1 4 2 3 Fremont, CA, USA Hyderabad, India 1 2 • C orpora te H Q /C en ter for • R &D Innovation • A I/M L M od e lin g to S u pport • P roc e s s E ng ine e ring M ate rials R es ea rc h • M ate rials R es ea rc h • A u tom otive R &D Penang, Malaysia Nonsan City, South Korea 3 4 •
Slide 4: An Advanced Silicon Battery Company
An Advanced Silicon Battery Company Customers in Mobile, IoT, Innovative Product Established Manufacturing EV and Defense Markets Architecture Capability Contracts with OEM leaders in the Patented design and manufacturing Patented Laser Patterning and Electrode smartphone, IoT and EV sectors. Mass p
Slide 5: Board of Directors
Board of Directors T.J. Rodgers | Chairman Pegah Ebrahimi Joined Board 2012 Joined Board 2021 Founder & 34-year tenure as CEO of Cypress Co-Founder and Managing Partner of FPV Ventures Semiconductor Investor and Advisor to Canva, Guild, Snyk & PsiQuantum CEO and Chairman of SunPower (f/k/a Complete
Slide 6: Compensation Program is Rigorous and Emphasizes Performance
Compensation Program is Rigorous and Emphasizes Performance CEO Compensation is ~95% at risk; average of ~90% compensation at risk for other NEOs Strategic alignment for long- term shareholder value Short-term incentives Long-term incentives § Short-term incentives drive § Short Term incentive plan
Slide 7: Competitive Compensation Strategy
Competitive Compensation Strategy Performance-driven pay that attracts and retains top talent Strategic Context 2024 Target Compensation Structure Competing with established companies requires competitive compensation to attract talent while maintaining fiscal responsibility and ensuring long-term s
Slide 8: Strategic Governance Structure Since July 2021
Strategic Governance Structure Since July 2021 Supermajority voting Industry Benchmark The Board regularly reviews protects shareholder our governance practices to Majority of recently IPOed interests at recently public ensure continued alignment companies have companies with shareholder interests s
Slide 9: Enovix Sustainability Report
Enovix Sustainability Report Sustainability Highlights Ø We received multiple safety certifications across global subsidiaries Ø Began tracking both energy and water use data at each of our operational locations in Company needs to remove Fremont, India, Korea and Malaysia supermajority voting Ø Pub