Slide 1: Q2 2022 Earnings Presentation
Q2 2022 Earnings Presentation August 10th, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz ope
Slide 3: Vision
VISION Become the World’s Leading Tier 1 Supplier of LiDAR & Perception Software
Slide 4: Milestone Event Achieved
Milestone Event Achieved Nominated by Volkswagen Group to Supply LiDAR And Perception Software Across the Company’s Brands as a Direct Supplier! LiDAR Hardware Integration Perception Software Integration Automated Driving Platform 2022 2023 2024 2025/6 Nomination, '00 LiDARs sales '00- '000 LiDARs s
Slide 5: Innoviz Key Differentiators to Win Additional Programs
Innoviz Key Differentiators to Win Additional Programs Price & Rich Automotive Product Tier1 Value Proposition Performance Experience Maturity & Capabilities © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in
Slide 6: Innoviz Collaboration with Market Leaders
Innoviz Collaboration with Market Leaders 3D Perception for Autonomous Driving AUTOMOTIVE ECO SYSTEM Dr. Richard Rau Co-Hosted by EVENT Vice President of Autonomous Innoviz & NVIDIA Driving, Sensors, Integration Platforms and Cooperations, BMW Group Mr. Alejandro (Alex) WORKSHOP at ECCV 2022 Vukotic
Slide 7: Already Today We Are Realizing Our Vision
We Are Realizing Innoviz was selected by two of the world’s leading car Our Vision makers which together represent Already 15% of the Automotive Market Today © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in
Slide 8: Leveraging Our Success in Germany to Global Footprint Expansion
Leveraging Our Success in Germany to Global Footprint Expansion EU Germany China Japan USA 01 02 • Focused in the German OEMs • Built and strengthen local sales teams • Penetrated the Most Leading Vendors in US and Japan • Nominated by the TOP 2 German OEMs • Supporting 12 opportunities globally as
Slide 9: Tier1 (Innoviz) Tier2 Business Model
Direct Supplier Business Model Tier1/Tier2 Model Direct Model (Tier1) a Win-Win GM *ASP = Average Selling Price Tier1 Lower ASP* Program Cost Reduces Cost to the Customer GM Production Cost Program Cost Gross Margin (GM) Tier2 (Innoviz) Increased Program Cost Revenue Production Cost Contribution to
Slide 10: No Additional Investment for Volume Manufacturing
No Additional Investment for Volume Manufacturing Design for Automation Volume Production through Supplier • All Assembly, Tests and • Reliance on Contract Calibration Processes are Fully Manufacturing Automated • No Capex Investment • Reuse of InnovizOne Capabilities Component Assembly Device Devic
Slide 11: Leveraging Solution Maturity to Support Additional Use Cases and Market Segments
While our Focus Remains the Automotive Market, We will Leverage the Maturity of our Solution and the Market need to support additional use cases and market segments Leading Position Increasing Presence Increasing Presence New Opportunity CONSUMER VEHICLES ROBOTAXIS & TRUCKING LOGISTICS SHUTTLES INNO
Slide 12: Non-Automotive End Markets will be a Key Driver for Revenues
Strong Momentum with Non-Automotive Partnerships Non-Automotive End Markets will be a Key Driver for Revenues • Announced a cooperation agreement with Joowon • InnovizOne LiDAR sensors were selected by Japan Post Industrial to construct digital maps on their postal delivery cars • Joowon will serve
Slide 13: Positioned to Capture Robust Sales Funnel
Positioned to Capture Robust Sales Funnel TODAY 2022 TARGETS 3 12 12 10 (12) Serial Production Pre-production RFIs & RFQ in different stages Pre-production programs Program Programs (+3) of discussions expected in 2022 1+ $6.6B 15% (+12%) Automotive commercial agreement in 2022 Order Book Automotive
Slide 14: Technology Leadership
Technology Leadership INNOVIZTWO INNOVIZ360 Ramping up volume First Integration Engineering production of B1 sample – of B sample Samples available – Beginning of 2023 during Q3/Q4 22 End of 2022 © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Docum
Slide 15: © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part
© Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 15
Slide 16: Q2'22 Financial Update
Q2’22 Financial Update Eldar Cegla, Chief Financial Officer
Slide 17: New Design Win Impact to Forward Looking Orderbook
New Design Win Impact to Forward Looking Orderbook OEM Car Sales1 (>10M per year) Estimated Penetration2 (1-14%) Known ASP Evolution3 30%– 40% Gross $ 4B (Expected Growth4) Margins 1. Per brand and model associated to the program as predicted by Independent Market Research (IHS Markit for the Consum
Slide 18: Cash Position – Providing Confidence & Resources
Cash Position – Providing Confidence & Resources Maintain high liquidity level of $246M in Revenues for Q2 2022 cash, short-term deposits, and marketable securities $1.8M Innoviz operating cash burn in Q2 2022 was within planned budget Revenues for Q2 2022 were $1.8M, versus $1.0M in Q2 2021 $1.0M 2
Slide 19: Closing Notes
Closing Notes © Innoviz Technologies Ltd. 2022 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner. 19
Slide 20: Any Questions?
Any Questions? ro) INNOVIZ TECHNOLOGIES
Slide 21: Thank You!
Thank You! © INNO VIZ TECHNOLOGIES