Navitas Semiconductor Corporation · NASDAQ:NVTS
Navitas Semiconductor — Investor Day (December 2023)
112 slides from Navitas Semiconductor's investor day presentation, Dec 12, 2023
Slide 1: Investor Day 2023
Investor Day 2023 Stephen Oliver VP Corporate Marketing & Investor Relations December 2023 Copyright Navitas Semiconductor, 2023 1
Slide 2: Welcome to Planet Navitas!
Welcome to Planet Navitas! • Tuesday December 12th, 2023, Navitas HQ, Torrance CA. • 12:30 pm Discover tech, sales, financial updates • 3:00 pm Voices of the Customers • 4:00 pm Explore Planet Navitas (tour) • 6:00 pm Travel to evening event • Investor Website: ir.navitassemi.com • Presentation slid
Slide 3: Disclaimers
Disclaimers CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as “we expect” or
Slide 4: Disclaimers
Disclaimers NON-GAAP FINANCIAL MEASURES This presentation includes financial measures that are not calculated in accordance with generally accepted accounting principles (“GAAP”), which we refer to as “non-GAAP financial measures.” Each of these non-GAAP financial measures are adjusted from GAAP res
Slide 5: Electrifying Our World
Electrifying Our World ™ Gene Sheridan Co-Founder & Chief Executive Officer December 2023 Copyright Navitas Semiconductor, 2023 5
Slide 6: The Year in Review … What a Year!
The Year in Review … What a Year! Financial Market Strategic Technology Performance Development Investments Development • 100%+ growth vs ‘22 • $1B+ pipeline • Acquisition of Elevation • Gen 4 GaNSense single & (Si controllers) half-bridge ICs • 2,129% growth (‘20-’22) • Expansion in EV, solar/ESS,
Slide 7: Achievements, Awards & Recognition!
Achievements, Awards & Recognition! First & Only Fasting Growing Tech Company in Pure-Play, Next-Gen Best Small Cap Financial North American (#89) Power Semi Performance 2,129% growth in Company last 3 years 125M GaN Shipped First Semiconductor Company Favorite Semiconductor Industry’s First & Only
Slide 8: Electrify Our World: Opportunity
Electrify Our World™: Opportunity Displacement of Si in Electrified Applications • Existing $22B/yr1 power semi market • Primarily mobile, consumer, data center, some appliance/industrial (except heating/cooling, cooking) • Driven by energy savings, miniaturization, faster charging, de-materializati
Slide 9: Electrify Our World: The $1T+ Opportunity
Electrify Our World™: The $1T+ Opportunity • Transition to a fully-electrified1 planet Industrial HV motors, $7 • Use technology available today Industrial LV motors, $39 Data center power supplies, $41 • Create a $1,300B+ opportunity2 Heat pumps, $31 for next-gen GaN + SiC power semis Wind power, $
Slide 10: What will it take? Pioneering the Path
What will it take? Pioneering the Path Critical Enablers Key Drivers Navitas Capability Highest efficiency, Technology frequency, integration Reliability Designed-in, lab-tested, prod’n-tested, field-proven reliability High-freq / integration (BOM), System Cost smallest chip size, manufacturing cost
Slide 11: Upcoming Agenda & Speakers
Upcoming Agenda & Speakers • Leading Operations, Leading Technology – Dan Kinzer, COO / CTO • SiC Technology Excellence – Sid Sundaresan, SVP of SiC Tech & Operations • System Design Centers: • Mobile & Appliance/Industrial - Jason Zhang, VP of Tech Mkg & Applications • Data Center & EV– Hao Sun, Sr
Slide 12: Exploring Planet Navitas
Exploring Planet Navitas • Customer Testimonials • Leaders in mobile charging, electric vehicles, energy storage & more! • Planet Navitas Tour • Design GaN, Design SiC, Reliability & Test, Applications and Systems Engineering • Demo area • Past and Present Power Electronics • Electrify Studio • The
Slide 13: Leading Operations, Leading Technology
Leading Operations Leading Technology Dan Kinzer Co-Founder & COO, CTO December 2023 Copyright Navitas Semiconductor, 2023 13
Slide 14: Decade of Disruptive, Displacement Technology
Decade of Disruptive, Displacement Technology The Pure-Play, Up to Up to Up to Up to Up to Up to Next-Gen Power 20x 3x 40% 3x 3x 25% Semiconductor Faster Switching(1) Smaller & Lighter(1) Energy Savings(1) Higher Power Density(1) Faster Charging(1) Lower System Cost(2) Company GaN and SiC Replacing
Slide 15: 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 16: $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 17: Efficient, Flexible Supply Chain: Fabless to Fablite
Efficient, Flexible Supply Chain: Fabless to Fablite GaNFast Power ICs Leading SiC Devices Tier-1, Low-Cost Packaging Tier-1, Low-Cost Packaging Multiple, major suppliers qualified Multiple, major suppliers qualified Finished SiC Wafer Finished GaN Wafer NEW: SiCPAK Tier-1, Low-Cost Foundry Tier-1,
Slide 18: Sustainable, Competitive Advantage
Sustainable, Competitive Advantage Key Patents in GaN and SiC 250+ patents issued or pending encompassing key aspects of GaN power circuitry, analog and digital integration, and SiC device design and fabrication Proprietary Design & Process Led by pioneers in SiC and GaN, the Navitas team has a prop
Slide 19: Copyright Navitas Navitas Semiconductor, Semiconductor, 2023
19 Copyright Navitas Copyright Navitas Semiconductor, Semiconductor, 2023 2023
Slide 20: GaNSense Half-Bridge: Cutting-Edge Performance
GaNSense™ Half-Bridge: Cutting-Edge Performance Discrete GaN Half-Bridge GaNSense Half-Bridge IC 61% fewer components 64% smaller footprint Complete integration • GaNSense™lossless current-sensing • Most advanced GaN power ICs on the market • Small, fast, quiet, efficient, reliable, easy-to-use • Pr
Slide 21: Advanced GaNSense Control AC-DC Platform
Advanced GaNSense™ Control AC-DC Platform 21 CopyrightNavitas Copyright NavitasSemiconductor, Semiconductor, 2023 2023
Slide 22: 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 • Traditional power semis (MOSFETS, IGBTS) are uni-directional (one-way conduction or isolation) • Several applications need two-way (bi-directional, or pos
Slide 23: The World's Most Protected GaN Power Semi
: The World’s Most Protected GaN Power Semi Patented Trench-Assisted Planar SiC MOSFETs GaN enters high-power Data Center, Solar/ESS and EV 23 CopyrightNavitas Copyright NavitasSemiconductor, Semiconductor, 2023 2023
Slide 24: GeneSiC: Highest Performance, Voltage Range & Ruggedness
GeneSiC: Highest Performance, Voltage Range & Ruggedness Patented Trench-Assisted Planar-Gate SiC MOSFETs Based on Navitas testing of 1200V SiC MOSFETs vs. competitor products 24 CopyrightNavitas Copyright NavitasSemiconductor, Semiconductor, 2023 2023
Slide 25: SiC Technology Excellence
SiC Technology Excellence Sid Sundaresan, PhD SVP SiC Technology & Operations December 2023 Copyright Navitas Semiconductor, 2023 25
Slide 26: Broadest SiC Portfolio (650 V to 6,500 V)
Broadest SiC Portfolio (650 V → 6,500 V) ✔ 60+ MOSFETs ✔ Discrete ✔ Bare Die ✔ Power Modules 26 CopyrightNavitas Copyright NavitasSemiconductor Semiconductor
Slide 27: The Planar Limitation
The Planar Limitation 27 CopyrightNavitas Copyright NavitasSemiconductor Semiconductor
Slide 28: The Trouble with Trench in SiC
The Trouble with Trench in SiC 28 CopyrightNavitas Copyright NavitasSemiconductor Semiconductor
Slide 29: Best of Both: Trench-Assisted Planar Gate
Best of Both: Trench-Assisted Planar Gate 29 CopyrightNavitas Copyright NavitasSemiconductor Semiconductor
Slide 30: Industry-Leading SiC MOSFET Performance
Industry-Leading SiC MOSFET Performance Static Performance (1200 V) Switching Performance (1200 V) On-Resistance vs. Temperature RON x EOSS at 125°C (mΩ-µJ) 18% Lower RDS(ON) ❑ Gen3 Fast technology offers 10% -18% lower on-resistance at 175°C ❑ 20% - 50% better switching figure-of-merit ❑ Enables lo
Slide 31: SiC Product Roadmap (2024 – 2025)
SiC Product Roadmap (2024 – 2025) Gen4 SiC MOSFET Chips “SDC” Power Modules EV Traction EV Traction 750 V Proprietary 750 V 200 - 400 kW 1200 V 1200 V 200 - 400 kW 10% - 20% FoM Improvement Smallest Form-Factor & Superior Thermal Electric Vehicles Gen3F (G3 Fast) SiC MOSFETs Top Side Cooled SiC MOSF
Slide 32: GeneSiC Technology Roadmap
GeneSiC Technology Roadmap ❑ Reduce RON x Chip Area (Increases Amp/Area and Reduces $/Amp) ❑ Improve performance over the entire operating temperature range ❑ Continuously Optimize Design/Process for enhanced robustness and automotive-grade quality 2018 2021 2023 2024 Gen2 Gen3 Gen3 Fast Gen4 Gen5 ❑
Slide 33: System Design Centers: Mobile & Appliance/Industrial
System Design Centers: Mobile & Appliance/Industrial Jason Zhang Co-founder & VP Applications December 2023 Copyright Navitas Semiconductor, 2023 33
Slide 34: Accelerating Time-to-Market: Unique System Design Centers
Accelerating 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-specifi
Slide 35: Navitas Leads Mobile Power
Navitas Leads Mobile Power 华硕 300 W Dell 60 W Xiaomi 100 W Dell 90 W Lenovo ThinkPlus 90 W Dell Honor Lenovo HP Samsung LG 135 W 65 W 60 W 100 W 100 W 100 W 65 W 2020 2021 2022 2023 #1 GaN supplier - adopted by all major OEMs 35 Copyright Navitas Semiconductor, 2023
Slide 36: 140 W Case Study: Significant Size and Cost Reduction
140 W Case Study: Significant Size and Cost Reduction Prior GaN Benchmark (Navitas) • Navitas’ 3-stage • Navitas’ 2-stage • Same efficiency • 25% smaller • $2.8 BoM cost reduction 36 Copyright Navitas Semiconductor, 2023
Slide 37: Compact 180 W Laptop Adapter
Compact 180 W Laptop Adapter 28% more power – for same size and cost as 140 W PD3.1 36 V new platform 95% 37 Copyright Navitas Semiconductor, 2023
Slide 38: Gaming Laptop & Console Adapter
300 W Gaming Laptop & Console Adapter 23.5mm PFC 2 LLC TX PFC 1 LLC Lr 132mm 2x smaller than OEM adapter at the same cost 38 Copyright Navitas Semiconductor, 2023
Slide 39: Navitas wins 100% Milestones
Navitas wins 100% Milestones 39 Copyright Navitas Semiconductor, 2023
Slide 40: Wide Range of Scalable GaNFast Solutions for Motor Drive
Wide Range of Scalable GaNFast Solutions for Motor Drive Industrial fans, pumps, drives and factory automation Heating, ventilation, air conditioning, home automation Consumer home appliances 6 single switches 3 half-bridges 40 W 100 W 800 W 2 kW >4 kW 40 Copyright Navitas Semiconductor, 2023
Slide 41: GaN Revolutionizes Motor Drive Efficiency
GaN Revolutionizes Motor Drive Efficiency 80% less Power Loss (W) 70% less 6 kHz 20 kHz 6 kHz 20 kHz 6 kHz 20 kHz IGBT MOSFET GaN GaN •80% less power loss •No heatsink •2% higher motor efficiency 41 Copyright Navitas Semiconductor, 2023
Slide 42: Cool and Compact Motor Drives
Cool and Compact Motor Drives 150 W, No heatsink 500 W, No heatsink 42 Copyright Navitas Semiconductor, 2023
Slide 43: World's Most Protected GaN Power
World’s Most Protected GaN Power Patented Trench-Assisted Planar SiC MOSFETs Automotive Grade Package 43 Copyright Navitas Semiconductor, 2023
Slide 44: GaN Accelerates into High Power
GaN Accelerates into High Power 10 MW+ Grid SiC Power Rail Wind Power 1 MW Power $9.3B Application Power 800 V EV Power Train Commercial Solar Medical 100 kW Imaging GaN / SiC Industrial Commercial Industrial UPS EV Charging Robotics 10 kW $6.1B Factory Residential 400 EV OBC Automation Solar and DC
Slide 45: System Design Centers: Data Center & EV
System Design Centers: Data Center & EV Hao Sun Sr Dir. EV Design Center December 2023 Copyright Navitas Semiconductor, 2023 45
Slide 46: AI Accelerating Data Center Power, Efficiency
AI Accelerating Data Center Power, Efficiency • AI driving power, and power density(1) • EU “Titanium” spec demanding higher efficiency(3) • Privacy concerns, edge traffic: drive localized data centers(2) Today: AC-DC = 100 W/in3 1. Cerebras white paper / website 2. TD Cowen, per “AI to drive data c
Slide 47: Data Center Future Powered by SiC & GaN
Data Center Future Powered by SiC & GaN >97%, 98% Titanium Platinum 96% >150 W/inch^3 Efficiency 94% 120 W/inch^3 80 ~100 W/inch^3 60 W/inch^3 ~200% 40 W/inch^3 170~180% Power Density 140~160% 110~130% ~20 ms Peak Power 16~18 ms 10~12 ms Hold up Time Yesterday Today Tomorrow 47 CopyrightNavitas Copy
Slide 48: NVTS 3.2 kW Sets New Density, Efficiency Levels
NVTS 3.2 kW Sets New Density, Efficiency Levels • Data center AC-DC 12 V high performance PSU • CRPS185 form factor Discrete GaN Power 3,000 W 3,200 W PFC 8 x 32 mΩ GaN 4 x 60 mΩ SiC 33% fewer DC-DC 4 x 32 mΩ GaN 4 x 45 mΩ GaN power components Total 12 x 8x . GaNpx™ TOLL . True 3,200 W CRPS185 ~100
Slide 49: NVTS 4.5 kW AI Server Pushes Even Higher
NVTS 4.5 kW AI Server Pushes Even Higher • Data center AC-DC 54 V AI/GPU Server PSU • CRPS185 form factor Company A Company Navitas Power 3,200 W 4,500 W DC-DC <150 kHz Si/SiC 300 kHz GaN 40% Higher Power PD 98 W/inch^3 138 W/inch^3 Density Eff ~96.3% >97% ~138 W/in3 >97% Efficiency +40% Hold-up Pow
Slide 50: EV are Demanding GaN and SiC
EV are Demanding GaN and SiC GaN / SiC Enable Efficient Power Conversion Significant Impact on System Efficiency… System Benefits from GaN / SiC Power Semiconductors FASTER CHARGING SMALLER & LIGHTER SYSTEMS GaN & SiC play a key ENERGY SAVINGS role in the EV power HIGHER POWER DENSITY trend GREATER
Slide 51: GaN & SiC Drive Power Density
GaN & SiC Drive Power Density Power density (kW/L) • Power density & high efficiency are key to faster charging, extended driving range with smaller size, weight & cost 6.0 • GaN & SiC, combined with new topologies, enable >5x power density SiC & GaN improvements <1.9L 5.0 Si & SiC & GaN 3.9 <2.5 L
Slide 52: High Performance 6.6 kW OBC 2in1 Combo
High Performance 6.6 kW OBC 2in1 Combo 70mm 67mm 61mm NVTS Competitor B Competitor A 1-Phase CCM AC/DC (100 kHz) + Bi-directional CLLC (500k~1.2 MHz) + HV-LV DC/DC (65 kHz) SiC+GaN Hybrid Design， Pek_EFF: > 95.5% ，Power Density: 3.9 kW/L Magnetic integrated design 52 CopyrightNavitas Copyright Navit
Slide 53: High Performance 22 kW OBC 2IN1 Combo
High Performance 22 kW OBC 2IN1 Combo 3.5 kW/L 115mm 155mm 107mm 3-Phase 6-Switches CCM AC/DC (60 kHz) + Bi-directional CLLC (120~250 kHz) + + HV-LV DC/DC (65 kHz) All-SiC Design， Pek_EFF: > 95.5% ，Power Density: 3.5 kW/L Magnetic integrated design 53 CopyrightNavitas Copyright NavitasSemiconductor,
Slide 54: Growing the Pipeline
Growing the Pipeline David Carroll SVP Worldwide Sales December 2023 Copyright Navitas Semiconductor, 2023 54
Slide 55: Customer Pipeline Up 65% to $1.25B
Customer Pipeline(1) Up 65% to $1.25B $1.25B Mobile/Consumer, $150 Data Center, Mobile/Consumer, $0.76B $70 EV/eMobility, $400 $100 Data Center, EV/eMobility, $60 $300 Appliance/Industrial, $150 Appliance/Industrial, Solar/ESS, $150 Solar/ESS, $250 $380 Category values in $M May 2023 December 2023 (
Slide 56: EV/Emobility: Accelerating Adoption
EV/Emobility: Accelerating Adoption • Pipeline +34% to $400M+, 130+ projects • Diverse applications: • On-board chargers (OBC), roadside chargers, traction • Fuel-cell systems, eBikes, eScooters • SiC revenue today, GaN from 2025 • Diverse regions: US, Korea, Europe, SE Asia & China • Advantage: • S
Slide 57: Solar / Energy Storage: Sustainable Energy Independence
Solar / Energy Storage: Sustainable Energy Independence • Pipeline +66% to $250M+, 70+ projects • SiC (string inverters) revenue today, GaN (micro-inverters) revenue from 2024 • Diverse regions: US, Europe & China • Advantage: • Size, weight, efficiency & system cost for easier, lower-cost installat
Slide 58: Appliance / Industrial: Fast, Broad Si Displacement
Appliance / Industrial: Fast, Broad Si Displacement • Pipeline +250% to $360M+, 200+ projects • Significant Tier-1 momentum for motor drive and auxiliary power • Diverse regions: US, Europe, SE Asia & China • Engaged with 7/10 top appliance manufacturers • Shipping in haircare market leader flagship
Slide 59: Data Center: AI Driving Power Density, Efficiency
Data Center: AI Driving Power Density, Efficiency • Pipeline +17% to $80M+ • AI processors drive aggressive 3x increase in rack power • Power system customers meeting this AI opportunity with high power density GaN and hybrid SiC / GaN designs • Data Center design center’s CRPS platform designs, cus
Slide 60: Mobile/Consumer: Going Mainstream
Mobile/Consumer: Going Mainstream • Pipeline +50% to $150M+ (300+ projects phone, notebook, desktop PC, gaming, TV) • Mass production in 10/10 top mobile OEMs • 5 largest mobile phones OEMs, 5 largest notebook OEMs • GaN displacing Si in mainstream applications – major market shift underway • Xiaomi
Slide 61: Driving Financial Excellence
Driving Financial Excellence Ron Shelton, SVP & CFO December 2023 Copyright Navitas Semiconductor, 2023 61
Slide 62: 2023 Financial Recap
2023 Financial Recap What We Said Results(1) Revenues more than double Expected to increase 108% 40.6% in Q4’22 Expand gross margins 42.5% in Q4’23 137% in Q4’22 Op Ex decline as % of revenue 75% in Q4’23 Inventory turns: 1.6x → 3.6x Improving working capital Cash-Conversion Cycle: 122 68 days NVT
Slide 63: Strong Revenue Growth & Margin Expansion
Strong Revenue Growth & Margin Expansion1 Revenue / Gross Margin (Annual) Revenue / Gross Margin (/Q) $90 50% $30 43.0% $80 45% 40% $25 42.5% $70 Quarterly Revenue ($M) Annual Revenue ($M) 35% 42.0% Gross Margin (%) Gross Margin (%) $60 $20 30% $50 41.5% 25% $15 $40 41.0% 20% $30 15% $10 40.5% $20 1
Slide 64: Continued Diversification
Continued Diversification • Rapid end market diversification: 100% mobile/consumer in ‘21 to <20% of pipeline opportunities today • Less volatile & more predictable, combined with margin expansion opportunities • Appliance and industrial markets ready for disruption – displacement, decommoditization
Slide 65: Gross Margin Expansion
Gross Margin Expansion 50%+ Continuous technology advantages • Rapid generational introductions • Advances in frequency, efficiency, integration End Market Diversification • Growing pipeline • Expansion into higher margin end markets Strategic Manufacturing Investments 42.5% • SiC epi investment ann
Slide 66: Growth Drives Operating Leverage
Growth Drives Operating Leverage • Investing for future growth while revenue scale drives operating leverage • Operating efficiency up >100% in last 8 quarters • During same period, OpEx up 51% in absolute dollars • Revenue growth over time drives OpEx to target levels (1) Non-GAAP basis. Reflects m
Slide 67: Target Long-Term Operating Model
Target Long-Term Operating Model 2023E Long-term Revenue 6-10x • Growing and diversified pipeline ~100% Growth market2 • Extending GaN leadership; accelerating SiC market share Non-GAAP • Market/product/technology mix 42% 50%+ Gross Margin • Strategic manufacturing investments Non-GAAP • Continued i
Slide 68: Investment and Capital Allocation
Investment and Capital Allocation • R&D focused on leading-edge GaN, SiC, eco–system and system engr Commitment to • Accelerate investments for multi-generational lead innovation and growth • Continue to benefit from operating leverage • Capital efficient investments with higher ROI / leverage Strat
Slide 69: Q & A
Q&A Gene Sheridan CEO & Co-founder Dan Kinzer COO/CTO & Co-founder Ron Shelton CFO Dave Carroll SVP Worldwide Sales December 2023 Copyright Navitas Semiconductor, 2023 69
Slide 70: Voices of the Customers
Voices of the Customers 70
Slide 71: Traction Inverter for New-Energy Vehicles 1200V SiC MOSFET Modules
Homepage Product Application News About us Join us Contact us Higher Performance, Lower Loss. Traction Inverter for New-Energy Vehicles 1200V SiC MOSFET Modules AccoPower has achieved SOP delivery of automotive APD SiC power modules in April 2022. The equipped model is the first all-electric SUV “Sm
Slide 72: Voices of the Customers
Voices of the Customers 72
Slide 73: Belkin Investor Day 2023
belkin Investor Day 2023 @® Navitas
Slide 74: R&D and Innovation, Sustainability, Community and Education
R&D and Innovation Sustainability Community and Education © 2023 Belkin – Confidential and proprietary 74
Slide 75: Belkin commits to a lifelong journey to build products responsibly
Belkin commits to a lifelong journey to find more responsible ways to build products. 65% Greenhouse Gas 100% Plastic-free Packaging Reduction since 2009 for all new products 28,524 tons of E-Waste 72-75% incorporation of PCR Recycling funded since 2009 for existing and all-new products © 2023 Belki
Slide 76: Belkin is tackling its Scope 3 emissions
Belkin is tackling its Scope 3 emissions by replacing virgin plastic with PCR for existing best-sellers and all-new products. 67% CO2-eq emissions reduction in product housing (phase 1) © 2023 Belkin – Confidential and proprietary 76
Slide 77: Partner Relationships and Influence on Technology Industry
Partner Relationships and Influence on Technology Industry Belkin has foundational, deep and trusted development relationships with key partners that developed over the past 40 years that allows Belkin to delight customers around the world with first-to-market innovations. Apple Special Event 2003:
Slide 78: EPR GaN Laptop Wall Charger
EPR GaN Laptop Wall Charger 140W Single GaN USB-C Belkin BoostCharge Pro Wall Charger 4-Port GaN Wall Charger 140W Same size with Single Port Fast charge 4 devices 4-port Output simultaneously Output Made from post-consumer recycled plastic Plastic Free Packaging One Fast Charger For Everything © 20
Slide 79: Dual USB-C GaN Laptop Wall Charger
Dual USB-C GaN Laptop Wall Charger Belkin BoostCharge Pro Belkin BoostCharge Pro Dual USB-C GaN Wall Charger 68W Dual USB-C GaN Wall Charger 65W Unit Size: 66*62.3*30mm Unit Size: 40.8*38.2*52.5mm with Size reduced by 35% Lighter by 26% Reduced Plastic Usage by 18% © 2023 Belkin – Confidential and p
Slide 80: Belkin GaN in the News
Belkin GaN in the News 2023 Earned Coverage “While this isn’t an ad, I cannot recommend this thing enough. It’s MUCH smaller than Apple’s default charger and offers dual USB- C charging ports so I’m able to bring less with me when I travel.” @will.mov 141.8K TikTok “With 140W of power in a single po
Slide 81: Slide 81
Slide 82: Thank You
belkin = Thank You
Slide 83: Voices of the Customers
Voices of the Customers 83
Slide 84: Copyright Navitas Navitas Semiconductor, Semiconductor, 2023
84 CopyrightNavitas Copyright NavitasSemiconductor, Semiconductor, 2023 2023
Slide 85: Voices of the Customers
Voices of the Customers 85
Slide 86: World's #1 Mobile Charging Brand
World’s #1 Mobile Charging Brand
Slide 87: Zero Plastic in Packaging
ZERO PLASTIC IN PACKAGING 2027
Slide 88: 4 Billion Charging Accessories Shipped Every Year
4 BILLION CHARGING ACCESSORIES SHIPPED EVERY YEAR
Slide 89: 300,000 Tons of E-Waste
4 BILLION CHARGING ACCESSORIES SHIPPED EVERY YEAR 300,000 TONS OF E-WASTE
Slide 90: 300,000 Tons of E-Waste
4 BILLION CHARGING ACCESSORIES SHIPPED EVERY YEAR 300,000 TONS OF E-WASTE
Slide 91: USB Type-C
=) USB TYPE-C
Slide 92: USB Type-C
=) USB TYPE-C
Slide 93: Anker and Navitas GaN
AANKER- GaN @) Navitas allium Nitride
Slide 94: GaN: Gallium Nitride
Anker PowerCore Fusion PD GaN Gallium Nitride
Slide 95: GaN: Smaller, More Efficient, Faster Charging
30% SMALLER GaN GaN Gallium Nitride Gallium Nitride MORE COMPACT LESS PLASTIC MORE EFFICIENT FASTER CHARGING
Slide 96: Anker 747 Charger (GanPrime 150-Watt)
Anker 747 Charger (GanPrime 150-Watt) Features Navitas GanFast Power ICs 3 USB-C Ports / 1 USB-A Port Powerful Enough to Charge 2 Laptops at High Speed 38% Smaller Than Apple’s 140W Charger
Slide 97: Anker and Navitas GaN
AANKER- GaN @) Navitas allium Nitride
Slide 98: Voices of the Customers
Voices of the Customers 98
Slide 99: Microgrid, EV-Charging and Data-Center UPS Solutions
Microgrid Solution EV-Charging Solution Data-Center UPS Solution CopyrightCompany Confidential ⓒ 2023 DG ⓒ 2023 All rights reserved. Reproduction in part or in whole is prohibited. Matrix Corporation. Subject to change at the discretion of DG Matrix
Slide 100: Cleaner, Safer, Cheaper, More Reliable Grid
Cleaner, Safer, Cheaper, More Reliable Grid Complex, Inefficient, and Unscalable Simple, Sustainable, and Safe Without DG Matrix With DG Matrix Copyright ⓒ 2023 DG Matrix Corporation. All rights reserved. Reproduction in part or in whole is prohibited. 100
Slide 101: Solution: DG Matrix
Solution: DG Matrix The world’s first “power utility” device to power anything, anywhere, with any energy source to redefine versatility, reliability, and size. Eliminating the Size, Speed, and Scale Constraints Ultimate flexibility and reliability: Any energy source, any load of Today’s Electrifica
Slide 102: Competitive Landscape
4-10X higher power density than Competitive Landscape competitors Brand B Brand T Brand C Brand T DG Matrix DG Matrix 200-kW Unit 400-kW Unit 350-kW Unit 400-kW Unit Total volume: Total volume: Total volume: Total volume: 55,332 in3 138,624 in3 20,000 in3 320,880 in3 267,347 in3 35,000 in3 461 in3/k
Slide 103: Brand C vs. DG Matrix: 1.2-MW Fleet Charging Station
Brand C vs. DG Matrix: 1.2-MW Fleet Charging Station Copyright ⓒ 2023 DG Matrix Corporation. All rights reserved. Reproduction in part or in whole is prohibited. 103
Slide 104: 15-20X Power Density with Line-Replaceable Modules
15-20X Power Density with Line-Replaceable Modules At 300 W/in3, DG Matrix’s power modules offer >1400% greater power density than competition. 19-X Smaller 15-X Lighter 667 Copyright ⓒ 2023 DG Matrix Corporation. All rights reserved. Reproduction in part or in whole is prohibited. 104
Slide 105: Why SiC, Why Navitas
Why SiC, Why Navitas Why SiC Why Navitas Best-in-class Low RDS(on) efficiency Robust and High voltage reliable breakdown Compact Mission design alignment Copyright ⓒ 2023 DG Matrix Corporation. All rights reserved. Reproduction in part or in whole is prohibited. 105
Slide 106: $1B Sales Pipeline with Pilots Beginning January 2024
$1B Sales Pipeline with Pilots Beginning January 2024 Channel Partners OEMs Users Engineering + Construction Electrical equipment Fleet operators Installers manufacturers Charge point operators Energy integration and Automakers Charging-as-a-service service providers Existing EV ch
Slide 107: Thank you to our partner customers
Thank you to our partner customers 107
Slide 108: Pure-Play GaN & SiC Are Electrifying Our World
Pure-Play GaN & SiC Are Electrifying Our World • NVTS stock growth up 115% (>2x SOXX, YTD) • 4 major tech platforms • Diverse $1.25B pipeline, up 65% • $1.3T electrification opportunity • One of fastest growing semi companies: Target 6x-10x market 108 CopyrightNavitas Copyright NavitasSemiconductor,
Slide 109: Discover Planet Navitas
Discover Planet Navitas 1. Past & Present (blue team start) 2. Electrify Studio 3. SiC Design (green team) 4. GaN IC Design 5. Applications (yellow team) 6. Test & Characterization 7. Quality & Reliability (red team) 8. Meet the C-suite • Thank you to those on livestream. • Video tour available via
Slide 110: Thank you to Everyone
Thank you to Everyone For more information: Ir.navitassemi.com ir@navitassemi.com 111
Slide 111: Appendix
Appendix — 112
Slide 112: Reconciliations GAAP - non-GAAP
Reconciliations GAAP - non-GAAP NAVITAS SEMICONDUCTOR CORPORATION RECONCILIATION OF GAAP RESULTS TO NON-GAAP FINANCIAL MEASURES (dollars in thousands) FY20 FY21 FY22 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 GAAP net revenues $ 11,849 $ 23,736 $ 37,943 $ 6,740 $ 8,611 $ 10,243 $ 12,349 $ 13,3