Slide 1: Q1 2023 Earnings Presentation
Q1 2023 Earnings Presentation May 17, 2023
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: Our Vision
OUR VISION Become the World’s Leading Tier 1 Direct Supplier of LiDAR & Perception Software © Innoviz Technologies Ltd. 2023 All Rights Reserved – Proprietary & Confidential. 3 No Part of this Document May be Reproduced or Disclosed in Any Manner.
Slide 4: New Light Commercial Vehicle Program
New Light Commercial Vehicle Program Meaningful revenues begin 2H23 with accelerated deployment path Revenues expected to begin 2H23 Series production targeted mid-decade Moving much faster than prior programs Framework agreed, pending final requirements and commercial terms Collaboration with a maj
Slide 5: Advancing Discussions With NVIDIA For Hyperion Platform
Advancing Discussions With NVIDIA For Hyperion Platform Potential to accelerate customer momentum In discussions with NVIDIA about being integrated into series production programs leveraging the Hyperion platform In conjunction with RFI/RFQs we are supporting and multiple OEMs planning on an NVIDIA
Slide 6: Quoting Minimum Risk Maneuver (MRM) Software & Hardware
Quoting Minimum Risk Maneuver (MRM) Software & Hardware Moving up the software stack Compute Box Computer MRM Vision Point Driving Cloud Decision Requested as part of a bid Quoting both the for a leading global hardware and software automotive OEM Increases revenue and Could be the first instance of
Slide 7: Additional Growth Opportunities with Volkswagen
Additional Growth Opportunities with Volkswagen Expanding our reach Multiple programs Accelerating the For future automated under discussion integration of LiDAR driving functions, we selected systems Innoviz as our LiDAR partner not only because of their automotive Confident we can experience and t
Slide 8: Our Lead vs. Competitors is Accelerating
Our Lead vs. Competitors is Accelerating BMW and Shuttle Program on target for 2H23 SOP Existing Series Production Awards New Program Pipeline 10-15 Programs + Tier 1 Direct RFI/RFQ Pipeline OEM L3 Consumer OEM L2+/L3 Consumer Supplier Vehicle Program Vehicle Program Working with 8 of the Top 10 Ann
Slide 9: The Flywheel is Accelerating
The Flywheel is Accelerating Several customer decisions expected by end of 2023 Volkswagen L2+/L3 LV L4 Light CV Production Program Award BMW L3 Asian EV Three to Five LV Production L4 Shuttle OEM L3 LV Decisions Company Award Production Production Expected Before Founded Award Award End of 20231 20
Slide 10: Updating 2023 Targets
Updating 2023 Targets Sources of Pre- Solid progress YTD Production Income Customer Targets Sample Units +1-3 +2 Much higher ASPs than production units – typically $5,000-15,000 Additional Programs with New Series Production Existing Customers Awards with New Customers Non-Automotive Sales Raised fr
Slide 11: Q1'23 Financial Update
Q1’23 Financial Update Eldar Cegla, Chief Financial Officer
Slide 12: Cash Position & Financial Update
Cash Position & Financial Update Revenues for Q1 2023 Liquidity of $156.5M in cash and cash equivalents, short-term deposits, short term restricted cash and marketable securities as of $1.8M March 31, 2023 Innoviz operating cash burn in the first quarter of 2023 was within planned budget $1.0M Reven
Slide 13: Innoviz and Audi at EcoMotion
Innoviz and Audi at EcoMotion Fireside chat with Gero Kempf Join us at the EcoMotion Week conference in May for a fireside chat between Innoviz CEO Omer Keilaf and Audi AG ADAS/AD Executive Vice President Gero Kempf May 23, 2023 at 3:35pm IDT / 8:35am ET Watch online at Ecomotionweek.com © Innoviz T
Slide 14: Recapping What You Heard
Recapping New L4 LCV program Displaced a development-stage Record number of What You competitor RFQs (>5) Heard One late-stage Discussion of new Development of discussion, multiple collaboration with new MRM product Strong momentum advanced NVIDIA that could increase on multiple fronts discussions A
Slide 15: Upcoming IR Calendar Q&A Contact
Upcoming IR Calendar May 21 Oppenheimer Annual Israel Conference May 22-24 EcoMotion Week Conference, Tel Aviv & Virtual Fireside chat with Audi May 23 May 23: Q&A NDR Boston, MA May 24 JP Morgan Global TMT Conference, Boston May 25 Evercore ISI Auto Tech & AI Virtual Conference June 7 Needham Virtu
Slide 16: Thank You!
Thank You! © INNO VIZ TECHNOLOGIES