Slide 1: Valens Semiconductor (NYSE: VLN) August 2023
Valens Semiconductor (NYSE: VLN) August 2023
Slide 2: Pushing the Boundaries of Connectivity. Everywhere.
Pushing the Boundaries of Connectivity. Everywhere. Leading Provider of Semiconductor Products in the Large and Growing Automotive and Audio-Video Markets Enabling Resilient, Ultra High-speed Wired Connectivity Over Simple, Low-Cost Infrastructure 2
Slide 3: Disclaimer
Disclaimer Forward-Looking Statements Certain statements in this presentation (this "Presentation") are “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
Slide 4: Valens Semiconductor At a Glance
Valens Semiconductor At a Glance Notable Track Record in the Audio-Video and Automotive Markets Audio-Video Automotive Leveraging Our Superior Connectivity, Deployed Across Multiple Critical Technology for ADAS 1 and Autonomous Connectivity Verticals Driving Cars Technology Across Both Businesses Mu
Slide 5: Leveraging Disruptive Connectivity Offerings Across Both Business Segments
Leveraging Disruptive Connectivity Offerings Across Both Business Segments Audio-Video Automotive The incumbent solution for high-speed long reach audio-video connectivity. Unique technology – the only high-speed connectivity solution supporting multi-gigabit The de-facto industry standard, supporte
Slide 6: Powering Millions of Audio-Video Products Globally
Powering Millions of Audio-Video Products Globally Samsung’s “The Wall” Logitech Rally PLUS Samsung “Terrace” Digital Signage Ultra-HD System Outdoor TV Dräger Evita® V800 Crestron FLEX Video Siemens Healthineers Epson BrightLink Interactive Ventilator Conferencing 3D Imaging Mobile C-Arm Ultra Shor
Slide 7: Florida Modernizes Classrooms with Valens Semiconductor Audio-Video Connectivity Products
Florida Modernizes Classrooms with "Florida's largest public school district's schools and teachers can now provide learning experience to a much broader audience. Logitech's Valens Semiconductor Audio-Video superb camera technology, coupled with Valens Semiconductor's extension solution are empower
Slide 8: Growing Diversity of Business Opportunities in Audio-Video Connectivity
Growing Diversity of Business Opportunities in Audio-Video Connectivity Video Conferencing in Command and Control Corporations and Education Industrial Medical Imaging Signage Providing seamless video conferencing Industry 4.0 increasingly relies on Integrated in diagnostic equipment, Commercial adv
Slide 9: Automotive Connectivity Market – Key Drivers
Automotive Connectivity Market – Key Drivers Valens Semiconductor Will Play an Essential Role in Reliable ADAS & Autonomous Driving Today’s Car Architecture has Been Pushed to its Limits • Space, weight and complexity • Driving a growing need for increased bandwidth, zero latency, and long- reach co
Slide 10: Future Proof Connectivity Technology with a Holistic Offering
Valens Provides a Future Proof Connectivity Technology, and is Well-Positioned with a Holistic Offering The Only High-speed Connectivity Solution Supporting Multi-gigabit Connectivity Over Unshielded Harness Infotainment & Telematic Units (2Gbps VA6xxx chipset family) Symmetric Data Connectivity (EC
Slide 11: Valens' First Generation VA6000 Validated By Automotive Leaders
“One of Daimler’s strategic focuses is to be a technological Valens’ First Generation VA6000 leader in ‘green’ technologies, safety, autonomous driving Validated By Automotive Leaders and connectivity. Valens Automotive is a perfect fit as its architectural benefits, reliability and robustness lead
Slide 12: VA6000 Validated By Automotive Leaders: Stoneridge Partnership
Valens’ First Generation VA6000 Validated By Automotive Leaders Valens Partnered with Stoneridge, a Leading Truck Technology Manufacturer, to Solving a Critical Safety Hazard for Drivers and Fleets Solve a Tractor Trailer Connectivity Challenge Reducing Fleet Operating Costs Tackle Visibility Limita
Slide 13: Valens Semiconductor VA7000 Chipsets Gaining Traction
Valens Semiconductor VA7000 Chipsets Gaining Traction Participating in Bids, Moving Towards Adoption by Automotive OEMs Progressing Towards Mass Industry Standard-Setter Valens VA7000 Strong Ecosystem Momentum Production Defining A-PHY Connectivity Industry-First Expanding Adoption Design Wins First
Slide 14: Addressable Market Fueled by Growing Adoption of ADAS and Autonomous Driving
Valens’ Addressable Market Will be Further Fueled by the Growing Adoption of ADAS and Autonomous Driving High-Speed Video Connectivity Today Future ADAS1 Automotive TAM (2025-2026) Level 2/2+ Level 3 Level 4 Level 5 ~ 100 million cars2 are expected to be manufactured per year Eyes Off Mind Off Feet
Slide 15: Maximizing ESG Opportunities and Managing ESG Risks
Maximizing Environmental, Social and Governance (ESG) Opportunities Key Accomplishments and Managing ESG risks Environmental Target carbon work plan neutrality by 2039 Mission Enhance and accelerate connectivity in “Our goal is to push the the dynamic and growing automotive and audio-video markets b
Slide 16: UN Sustainable Development Goals (SDGs)
UN Sustainable Development Goals (SDGS) Valens Semiconductor’s Core Business and ESG Strategies are Applicable to the Below SDGs: GOOD HEALTH AND WELL- INDUSTRY, INNOVATION & CLIMATE ACTION BEING INFRASTRUCTURE • Help reduce the emissions and overall • Key enabler of lifesaving ADAS • Contribute to
Slide 17: Second Quarter Financial Highlights
Second Quarter Financial Highlights Second Quarter 2023 vs. Second Quarter 2022 › Revenue: $24.2 million › Revenue: $22.5 million › Gross profit1: $14.9 million › Gross profit1: $15.8 million › Gross margin: 61.8% (non-GAAP2: 63.1%) › Gross margin: 70.2% (non-GAAP2: 71.0%) › Adjusted EBITDA3: $(0.8)
Slide 18: Focused on Delivering Value to Our Stakeholders: Guidance
Focused on Delivering Value to Our Stakeholders Third Quarter 2023 Guidance1 Full Year 2023 Guidance1 › Revenue: $14.0-$14.2 million › Revenue: $83.8-$84.2 million › Gross margin: 57.6%-58.0% › Gross margin: 62.2%-62.5% › Adjusted EBITDA1,2: $(12.2)-$(11.9) million › Adjusted EBITDA2: $(16.2)-$(15.6
Slide 19: Valens Semiconductor - Track Record of Market Leadership
Valens Semiconductor - Track Record of Market Leadership Large addressable markets - Automotive and Audio-Video Disruptive connectivity technology across both businesses Industry standard setter – at the forefront of the industry Compelling financial model 19
Slide 20: Thank you
Thank you investors@valens.com www.valens.com
Slide 21: Appendix
\Wratens Appendix
Slide 22: Reconciliation of Net Loss to Adjusted EBITDA
Reconciliation of Net Loss to Adjusted EBITDA Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Net Loss (4,582) (9,995) (9,959) (15,045) Adjusted to exclude the following: Change in fair value of (22) (1,538) (1,529) (4,142) Forfeiture Shares Financial expense (601) 3,560 (7