Slide 1: 2023 Business Overview
2023 Business Overview Lidar hardware & software company 1 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation of MicroVision, Inc. (“MicroVision,” “the Company,” “we,” or “our”), and any accompanying oral presentation, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exc
Slide 3: Uniquely Positioned to Win in ADAS and Capture Additional Revenues from Non-Auto Markets
Uniquely Positioned to Win in ADAS and Capture Additional Revenues from Non-Auto Markets Hamburg, Germany Detroit, Michigan, USA Nuremberg, Germany Delivered technologies to leading Redmond, Washington, USA global tech giants Microsoft 350+ employees Comprehensive automotive product portfolio Strong
Slide 4: Key Investment Highlights
Key Investment Highlights LARGE Uniquely positioned in attractive markets with high growth rates; Market size of ~$200(1) Billion in cumulative revenue potential REVENUE 1 (through 2030) in ADAS and non-Automotive industries POTENTIAL BEST-IN-CLASS 2 1 Highway Pilot capabilities up to 130 km/h enabl
Slide 5: 2023 Milestones
2023 Milestones Expected automotive Launch custom ASIC to design win in 2023 support automotive sales Enable ADAS L3 and L2+ with Proprietary ASIC for MAVIN roofline lidar integration for Automotive OEMs Expected automotive Drive revenue from Accelerate revenue Demonstrate Sensor Fusion Design win i
Slide 6: Only Lidar Company in the Market with 50+ Years of Experience
Only Lidar Company in the Market with 50+ Years of Experience 2014 1996 Sony licenses 3rd NASDAQ Listed Generation display module 2019 Microsoft contract HoloLens 2 2011 2023 1998 Start of lidar 2021 MVIS joins U.S. Military contract R&D MAVIN unveiled at IAA forces with IBEO 2017 Valeo 1998 2007 20
Slide 7: Expanded Product Portfolio Focused on ADAS
Expanded Product Portfolio Focused on ADAS MAVIN for highspeed highway pilot Validation software suite Flash lidar Sensor & Algorithm Dynamic view lidar and perception OEMs & Tier 1 validation partners Multi-market focus and short-range validation software for automotive OEMs automotive OEM applicat
Slide 8: Focus on Large and High Growth Markets – ADAS
Focus on Large and High Growth Markets – ADAS Forecast Vehicles Produced in Millions (L2+ and L3) Level 3 Level 2+ 3.9 3.4 2.8 2.2 1.6 16.1 13.9 1.0 11.5 9.2 7.0 4.8 2025 2026 2027 2028 2029 2030 L2+ systems to require 1 long-range lidar and 2 short-range lidars per vehicle L3 systems to require 2 l
Slide 9: Focus on Large and High Growth Markets - Non-Automotive
Focus on Large and High Growth Markets - Non-Automotive Industrial TAM Smart Infrastructure TAM Robotics TAM in billion USD in billion USD in billion USD 15.0 10.8 13.7 9.3 7.7 9.0 7.1 5.5 6.0 5.5 3.9 3.3 4.2 2.8 4.0 2.5 1.8 2.7 2025 2026 2027 2028 2029 2030 2025 2026 2027 2028 2029 2030 2025 2026 2
Slide 10: Focus on High Growth ADAS – Validation software suite for OEMs
Focus on High Growth ADAS – Validation software suite for OEMs Enabler for Ground Truth Data Generation Key Features ▪ Offers the complete toolchain from a single source ▪ Includes MVIS Auto Annotation software • Automatically annotates objects and lanes • Scalable due to cloud-compatible architectu
Slide 11: Financial Model – 2023 Objectives
Financial Model – 2023 Objectives Gross Profit Net Cash Used in Revenue Operations Margins $10 – 15 M over 30% $50 – 55M High growth year with scalable cost structure & industry leading cash burn per employee 11 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.
Slide 12: Financial Model – Measures of Success Through 2030
Financial Model – Measures of Success Through 2030 Potential Cumulative Potential Cumulative Potential Cumulative Sales Volume through Revenue through 2030 EBITDA through 2030 2030 ~75 – 90M+ ~$3.5 – $5.0B+ ~$1.5 – $2.0B units Improved MicroVision combined company potential due to the IBEO acquisiti
Slide 13: 735 Issued and Pending Patents
MicroVision is a More Mature Company with Deep IP Portfolio Number of Patent Families 280 735 Issued and Pending Patents 735 Issued and Pending 106 Patents 87 50 30 18 MicroVision Competitor A Competitor B Competitor C Competitor D Competitor E Source: Company records and public filings for peers. N
Slide 14: Q1 2023 Summary Financial Performance
Q1 2023 Summary Financial Performance Revenue Growth ($ in ‘000s) ▪ Includes revenue from hardware and software $782 ▪ 60% lidar with customers in the hardware revenue stream include a major automotive OEM along with other Revenue customers in the industrial and agricultural applications ▪ 40% softw
Slide 15: Thank you
Thank you NASDAQ: MVIS 15 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.