D-wave Quantum Inc. · NYSE:QBTS

D-wave Quantum — Investor Day (January 2024)

63 slides from D-wave Quantum's investor day presentation, Jan 23, 2024

Slide 1: Welcome - Analyst Day 2024
WELCOME ANALYST DAY 2024 JOHN MARKOVICH, CFO, D-WAVE
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS 2 COPYRIGHT © D-WAVE Certain statements in this presentation are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from th
Slide 3: Agenda
AGENDA 3 COPYRIGHT © D-WAVE TIME (PST) SUBJECT PRESENTING 9:00 am Welcome and Agenda John Markovich, CFO 9:10 am Opening Keynote Dr. Alan Baratz, CEO 9:40 am Customer Presentations: Pattison Food Group Lindsay Dukowski, Sr. Manager, Data & Analytics Davidson Technologies Dale Moore, President IPG /
Slide 4: Leading Quantum's Transformation of the Enterprise
ANALYST DAY 2024 LEADING QUANTUM’S TRANSFORMATION OF THE ENTERPRISE DR. ALAN BARATZ, CEO, D-WAVE
Slide 6: Our Mission
TO UNLOCK THE POWER OF QUANTUM COMPUTING TO BENEFIT BUSINESS AND SOCIETY OUR MISSION STARTING TODAY 6 COPYRIGHT © D-WAVE
Slide 7: This Is a Pivotal Moment
THIS IS A PIVOTAL MOMENT FROM EXPERIMENTATION TO OPERATIONAL USE FROM TOY PROBLEMS TO ENTERPRISE SCALE FROM POTENTIAL IMPACT TO QUANTIFIABLE ROI
Slide 8: Annealing Quantum Computing: The Only Market-Ready Quantum Computing Technology
Source: NIST 8 COPYRIGHT © D-WAVE ANNEALING QUANTUM COMPUTING: THE ONLY MARKET-READY QUANTUM COMPUTING TECHNOLOGY
Slide 9: D-Wave at a Glance
D-WAVE AT A GLANCE ESTABLISHED PRODUCT PORTFOLIO: World’s largest Quantum Computer Accessible through production-grade cloud service Demonstrated advantage over classical GROWING COMMERCIAL ADOPTION: 1st commercial Quantum Computing company 30+ proven business use cases Initial applications moving i
Slide 10: Product and use case roadmap
BQM, DQM, CQM Solvers Next-gen Solver 2 Universal Solvers 3, … Platform Innovation Opportunity 2023 2026 2024 20… Workforce Scheduling Job Shop Scheduling Vehicle Routing Scheduling & Routing Wireless Infrastructure Optimization Network Flow Optimization Supply Chain Optimization Process & Flow Mode
Slide 11: Advantage2 System: A Giant Step in Performance
ADVANTAGE2 SYSTEM WILL FEATURE: HIGHER CONNECTIVITY (degree 20) architecture HIGHER COHERENCE IC fabrication process 7000+ QUBIT QPU EARLY BENCHMARKS DEMONSTRATE: Doubled coherence time for faster time-to-solution 10x increase with error mitigation techniques More than 40% increase in energy sca
Slide 12: Pathway to Proving Quantum Supremacy
12 COPYRIGHT © D-WAVE PATHWAY TO PROVING QUANTUM SUPREMACY: QUANTUM EFFECTS ACCELERATING OPTIMIZATION MILESTONES ACHIEVED RESEARCH NEARING COMPLETION Proven scaling performance advantage in theory and measurements of COHERENT QUANTUM ANNEALING Demonstrated with ADVANTAGETM quantum computers Demonstr
Slide 13: Progress Accelerating on Gate Model Program
PROGRESS ACCELERATING ON GATE MODEL PROGRAM 13 COPYRIGHT © D-WAVE Demonstrated FAST, SCALABLE READOUT FOR FLUXONIUM Completed layout of LOGICAL QUBIT PROTOTYPE Built fluxonium qubits with demonstrated QUANTUM PROPERTIES COMPARABLE TO THE BEST SEEN TO DATE in peer-reviewed scientific literature RECEN
Slide 14: Software Advancements for Accelerating Quantum Commercialization
SOFTWARE ADVANCEMENTS FOR ACCELERATING QUANTUM COMMERCIALIZATION 14 COPYRIGHT © D-WAVE Only quantum computing service with REAL-TIME ACCESS Continuing to harden LeapTM Service for GROWING SET OF PRODUCTION APPLICATIONS PRODUCTION LEADERSHIP Powerful combination of CLASSICAL AND QUANTUM RESOURCES Rap
Slide 15: D-Wave Quantum Patent Portfolio
15 COPYRIGHT © D-WAVE 220+ US granted patents 210+ granted and pending patents worldwide (non-US) 60%+ OF THE PORTFOLIO applies to both gate model and annealing quantum computing Portfolio covers hardware and software, including systems, qubits and other devices, fabrication, architecture, system so
Slide 16: Strong Enterprise Demand for Quantum Solutions
80% OF COMPANIES plan to increase quantum computing (QC) commitment in next 2-3 years1 42% OF BUSINESS LEADERS see QC as key for logistics/supply chain management1 31% OF ENTERPRISES have abandoned complex problems because of time to solve2 CATALYSTS FOR ADOPTION: business process efficiencies, incr
Slide 17: Production Application Deployments on the Near-Term Horizon
PRODUCTION APPLICATION DEPLOYMENTSON THE NEAR-TERM HORIZON 17 COPYRIGHT © D-WAVE # of Proofs of Concept Built for Customers Multiple Applications Now Moving Into Production More Customer Production Deployments Expected in Next 2 Quarters Deployments Fuel QCaaS Usage and Growth 26
Slide 18: Customers Realizing Tangible Business Results
CUSTOMERS REALIZING TANGIBLE BUSINESS RESULTS WITH D-WAVE TECHNOLOGY COPYRIGHT © D-WAVE 18 HVAC DESIGN RADAR SCHEDULING TOUR SCHEDULING E-COMMERCE DRIVER DELIVERY SCHEDULING PRESIDENT DALE MOORE CHIEF TECHNOLOGY OFFICER, MOMENTUM JASON SNYDER SENIOR MANAGER, DATA & ANALYTICS LINDSAY DUKOWSKI DATA SC
Slide 19: Shaping Government Quantum Programs
SHAPING GOVERNMENT QUANTUM PROGRAMS FOR INCLUSIVITY AND NEAR-TERM APPLICATION SUPPORT NATIONAL DEFENSE AUTHORIZATION ACT (NDAA) Now includes annealing, gate model and hybrid Tasks DoD with creating near-term quantum application pilot program NATIONAL QUANTUM INITIATIVE (NQI) Includes near-term appli
Slide 20: Capitalizing on Tailwinds
CAPITALIZING ON TAILWINDS 20 COPYRIGHT © D-WAVE VERTICALIZATION GOVERNMENT LEGISLATION SUPREMACY
Slide 21: This Is Truly a Remarkable Moment
THIS IS TRULY A REMARKABLE MOMENT D-WAVE REMAINS UNIQUELY POSITIONED TO CAPITALIZE ON IT 21 COPYRIGHT © D-WAVE
Slide 22: Scheduling Optimization - Pattison Food Group
SENIOR MANAGER, DATA & ANALYTICS LINDSAY DUKOWSKI 22 COPYRIGHT © D-WAVE SCHEDULING OPTIMIZATION
Slide 26: Customer Q&A
CUSTOMER Q&A ANALYST DAY 2024
Slide 27: Growth and Sales
IRWAN OWEN, VICE PRESIDENT, D-WAVE ANALYST DAY 2024 GROWTH AND SALES
Slide 28: Commercial Momentum & Wins
COMMERCIAL MOMENTUM & WINS MOVING INTO PRODUCTION 28 COPYRIGHT © D-WAVE POC DEVELOPMENT PRODUCTION DEPLOYMENT
Slide 29: Worldwide Go-To-Market Strategy
WORLDWIDE GO-TO-MARKET STRATEGY 29 COPYRIGHT © D-WAVE LAND NEW CUSTOMERS AND EXPAND EXISTING BASE ENGAGE PARTNERS FOR INCREASED BREADTH AND SPEED REDUCE TIME TO PRODUCTION PURSUE GOVERNMENT SALES AND GRANTS PRIORITIZE KEY VERTICAL MARKETS
Slide 30: Land New Customers While Progressing Current Customers
Delivery process improvement and implementation Creation of vertical-specific use-case templates for rapid PoCs Dedicated team for customer success and account management Deliver a delightful end-to-end experience Focus on increasing production usage and identify further expansion LAND NEW CUSTOMERS
Slide 31: Reduce Time to Production
REDUCE TIME TO PRODUCTION APPLICATIONS ACCELERATE TIME TO PRODUCTION THROUGH VERTICAL SPECIFIC POCs, “lite” POCs and standardized offering to facilitate rapid deployment 31 COPYRIGHT © D-WAVE 2024 CURRENT POCs VERTICAL SPECIFIC POCs 2025 CUSTOMER REQUESTED POCs VERTICAL SPECIFIC POCs “LITE” POCs “ST
Slide 32: Prioritizing Verticals and Use Cases
PRIORITIZING VERTICALS AND USE CASES 32 COPYRIGHT © D-WAVE MANUFACTURING LOGISTICS RESOURCE ALLOCATION JOB SHOP SCHEDULING FACTORY PLANNING RESOURCE SCHEDULING VEHICLE ROUTING LABOR ALLOCATION KEY VERTICALS USE CASES
Slide 33: Job Shop Scheduling Demo
33 COPYRIGHT © D-WAVE SENIOR DIRECTOR, ALGORITHMS, PERFORMANCE AND TOOLS, D-WAVE ALEX CONDELLO JOB SHOP SCHEDULINGDEMO
Slide 34: Engage Partners for Increased Breadth and Speed
ENGAGE PARTNERS FOR INCREASED BREADTH AND SPEED 34 COPYRIGHT © D-WAVE VARs ISVs SIs RESELLERS
Slide 35: New Deloitte & D-Wave Collaboration in Canada
NEW DELOITTE & D-WAVE COLLABORATION TO FUEL QUANTUM ADOPTION IN CANADA 35 COPYRIGHT © D-WAVE
Slide 36: Pursue Government Sales & Grants
PURSUE GOVERNMENT SALES & GRANTS GRANT FUNDING LEAP POWER USERS & SYSTEM PLACEMENTS PUBLIC SECTOR SALES OPPORTUNITIES WITH NATIONAL LABS 36 COPYRIGHT © D-WAVE FOUNDATIONAL POLICY WORK IS ENABLING PUBLIC SECTOR SALES EXPANSION
Slide 37: Demand Gen and Marketing
DEMAND GEN AND MARKETING MICHELLE MAGGS, VICE PRESIDENT, D-WAVE ANALYST DAY 2024
Slide 38: Our Progress and Focus
OUR PROGRESS “As the only quantum hardware developer in the quantum annealing market, D-Wave is in a unique position of being able to provide enterprises with a quantum computing infrastructure-as-a-service (QCIaaS) offering that is designed to address the needs of enterprises interested in becoming
Slide 39: Demand Generation to Fuel Sales Pipeline Growth
designed to INFORM, INFLUENCE AND EXPEDITE purchase, driving double-digit lead generation growth DEMAND GENERATION TO FUEL SALES PIPELINE GROWTH AGGRESSIVE DEMAND GEN PROGRAMS 39 COPYRIGHT © D-WAVE
Slide 40: Vertical-Specific Marketing Efforts Underway
VERTICAL-SPECIFIC MARKETING EFFORTS UNDERWAY TO GENERATE HEIGHTENED INTEREST AMONG KEY TARGETS in logistics optimization and automation, empowering you to MAKE QUANTUM-INFORMED DECISIONS in logistics efficiency, reaching new levels of operational agility, profitability, and competitiveness D-WAVE IS
Slide 41: Lunch & Lab Tour
LUNCH & LAB TOUR ANALYST DAY 2024
Slide 42: Quantum Technologies and Systems Products
MARK JOHNSON, SENIOR VICE PRESIDENT, D-WAVE QUANTUM TECHNOLOGIES AND SYSTEMS PRODUCTS ANALYST DAY 2024
Slide 43: Driving Customer Use Cases
2 3, … BQM, DQM, CQM Solvers Next-gen Solver Targeted Hybrid Solvers 2 2023 2026 2024 20… 2028 2025 2027 2029 DRIVING CUSTOMER USE CASES $100B Market Opportunity* 43 COPYRIGHT © D-WAVE Workforce Scheduling Job Shop Scheduling Vehicle Routing Scheduling & Routing Wireless Infrastructure Optimization
Slide 44: Advantage2 System: A Giant Step in Performance
ADVANTAGE2 SYSTEM WILL FEATURE: A new HIGHER CONNECTIVITY (degree 20) architecture A new HIGHER COHERENCE IC fabrication process A larger 7000+ QUBIT QPU 4800 qubit prototype ready for test ADVANTAGE2 SYSTEM: A GIANT STEP IN PERFORMANCE 44 COPYRIGHT © D-WAVE Q2 2022 – 500+ QUBIT PROTOTYPE of new
Slide 45: 1200 Qubit Advantage2 Prototype Delivers Performance Boost
1200 QUBIT ADVANTAGE2 PROTOTYPE DELIVERS PERFORMANCE BOOST ON HARD PROBLEMS 45 COPYRIGHT © D-WAVE ENERGY SCALE INCREASED BY MORE THAN 40% Delivers more high-quality solutions DOUBLED COHERENCE TIME Faster time-to-solution EXAMPLE: PERFORMANCE ON SAT PROBLEMS Advantage2 prototype beats Advantage syst
Slide 46: Error Mitigation on Advantage2 Prototype
Not a replacement for the error correction needed for gate model systems Residual Energy Mitigated curve has lower energy ERROR MITIGATION ON ADVANTAGE2 PROTOTYPE SHOWS GREATLY INCREASED QUBIT COHERENCE 46 COPYRIGHT © D-WAVE ALLOWS US TO ACHIEVE PERFORMANCE OF A MORE COHERENT PROCESSOR Nearly 10X IN
Slide 47: Quantum Effects Accelerating Optimization
Demonstrated on hard MATERIAL SIMULATION problem instances THEORY EXPERIMENT *Lower and steeper are better QUANTUM EFFECTS ACCELERATING OPTIMIZATION 47 COPYRIGHT © D-WAVE Proven performance scaling advantage in theory and measurements of COHERENT QUANTUM ANNEALING Demonstrated with ADVANTAGETM quant
Slide 48: Pathway to Proving Quantum Supremacy
PATHWAY TO PROVING quantum supremacy: QUANTUM EFFECTS ACCELERATING OPTIMIZATION 48 COPYRIGHT © D-WAVE Classical simulations performed on FRONTIER AND SUMMIT SUPERCOMPUTERS AT OAK RIDGE NATIONAL LAB EXPONENTIAL ADVANTAGE over state-of-the-art classical techniques (tensor networks, neural networks, he
Slide 49: Quantum Annealing Technology Accelerates Gate Model Development
QUANTUM ANNEALING TECHNOLOGY ACCELERATES GATE MODEL DEVELOPMENT 49 COPYRIGHT © D-WAVE SUPERCONDUCTING Fabrication Design & Test @VLSI Scale CONTROL / READOUT Electronics CRYOGENIC PACKAGING Superconducting PCB CRYOGENIC SYSTEMS ENGINEERING Run-Times Measured in Years CRYOGENIC FILTERING & I/O Magnet
Slide 50: Progress Accelerating on Gate Model Program
D-Wave fluxonium qubit PROGRESS ACCELERATING ON GATE MODEL PROGRAM 50 COPYRIGHT © D-WAVE Demonstrated FAST, SCALABLE READOUT FOR FLUXONIUM Completed layout of LOGICAL QUBIT PROTOTYPE Built fluxonium qubits with demonstrated QUANTUM PROPERTIES COMPARABLE TO THE BEST SEEN TO DATE in peer-reviewed scie
Slide 51: Leap Service, Ocean SDK, and Hybrid
LEAP SERVICE, OCEAN SDK, AND HYBRID TREVOR LANTING, SENIOR VICE PRESIDENT, D-WAVE ANALYST DAY 2024
Slide 52: Tech Driving Customer Use Cases
TECH DRIVING CUSTOMER USE CASES BQM, DQM, CQM Solvers Next-gen Solver 2 Universal Solvers 3, … Platform Innovation Opportunity 2023 2026 2024 20… Workforce Scheduling Job Shop Scheduling Vehicle Routing Scheduling & Routing Wireless Infrastructure Optimization Network Flow Optimization Supply Chain
Slide 53: Software Advancements for Accelerating Quantum Commercialization
SOFTWARE ADVANCEMENTS FOR ACCELERATING QUANTUM COMMERCIALIZATION 53 COPYRIGHT © D-WAVE Only quantum computing service with REAL-TIME ACCESS Continuing to harden Leap service for GROWING SET OF PRODUCTION APPLICATIONS PRODUCTION LEADERSHIP Powerful combination of CLASSICAL AND QUANTUM RESOURCES Rapid
Slide 54: Production Leadership Supports Increasing Customer Deployments
PRODUCTION LEADERSHIP SUPPORTS INCREASING CUSTOMER APPLICATION DEPLOYMENTS GROWING SET OF CUSTOMERS IN PRODUCTION EMPLOYEE SCHEDULING AND DRIVER SCHEDULING use cases currently running Increasing numbers of customers to DEPLOY PRODUCTION APPLICATIONS in 2024 Infrastructure allows for ZERO DOWNTIME du
Slide 55: Hybrid Solver Innovation Expands Commercial Value
COMBINE CLASSICAL AND QUANTUM RESOURCES to solve commercial optimization problems Flagship hybrid solver CQM - CONSTRAINED QUADRATIC MODEL - supports optimization problems with up to half a million variables Professional services engagements and growing set of use cases provide powerful LIBRARY OF R
Slide 56: Next-Generation Hybrid Solver Unlocks Higher Performance
Prototype next-generation solver performance on ‘Travelling Salesperson Problem’ NEXT-GENERATION HYBRID SOLVER UNLOCKS HIGHER LEVEL OF PERFORMANCE 56 COPYRIGHT © D-WAVE ENHANCEMENTS IN UNDERLYING DATA MODEL: COMPACT REPRESENTATION of complex and constrained non-linear optimization problems Completed
Slide 57: Full Stack Support for Advantage2 System
FULL STACK SUPPORT FOR ADVANTAGE2 SYSTEM 57 COPYRIGHT © D-WAVE ADVANTAGE2 SYSTEM Advantage2 QPUs: MOST COHERENT, most HIGHLY CONNECTED annealing QC technology Supporting hybrid solvers on significantly MORE POWERFUL ADVANTAGE2 PROCESSORS in 2024 Planning improvements to REDUCE SYSTEM LATENCY to deli
Slide 58: Synchronizing Product and Sales
SYNCHRONIZING PRODUCT AND SALES 58 COPYRIGHT © D-WAVE CUSTOMER SUCCESS FOCUS SEAT-BASED PRICING model gives customers all the access and resources needed for developing applications and moving to production Support for open-source IDEs expands EASE OF TECHNOLOGY ADOPTION SOC 2®️ TYPE 2 compliance dr
Slide 60: D-Wave: Blazing the Trail for Commercial Quantum Computing
D-WAVE: BLAZING THE TRAIL FOR COMMERCIAL QUANTUM COMPUTING 60 Opportunity 2023 2026 2024 20… 2028 2025 2027 2029 $100B Market Opportunity $100B Market Opportunity* $100B Market Opportunity* STRONG PRODUCT ROADMAP driving improved performance and increased use case applicability QUANTUM SUPREMACY cre
Slide 61: Q&A Session
Q&A SESSION ANALYST DAY 2024
Slide 62: Closing Remarks
CLOSING REMARKS ANALYST DAY 2024 JOHN MARKOVICH, CFO, D-WAVE

D-Wave Quantum — Investor Day (January 2024) on 6ix

D-wave Quantum — Investor Day (January 2024)

Slide 1: Welcome - Analyst Day 2024

Slide 2: Forward-Looking Statements

Slide 3: Agenda

Slide 4: Leading Quantum's Transformation of the Enterprise

Slide 5: eee .

Slide 6: Our Mission

Slide 7: This Is a Pivotal Moment

Slide 8: Annealing Quantum Computing: The Only Market-Ready Quantum Computing Technology

Slide 9: D-Wave at a Glance

Slide 10: Product and use case roadmap

Slide 11: Advantage2 System: A Giant Step in Performance

Slide 12: Pathway to Proving Quantum Supremacy

Slide 13: Progress Accelerating on Gate Model Program

Slide 14: Software Advancements for Accelerating Quantum Commercialization

Slide 15: D-Wave Quantum Patent Portfolio

Slide 16: Strong Enterprise Demand for Quantum Solutions

Slide 17: Production Application Deployments on the Near-Term Horizon

Slide 18: Customers Realizing Tangible Business Results

Slide 19: Shaping Government Quantum Programs

Slide 20: Capitalizing on Tailwinds

Slide 21: This Is Truly a Remarkable Moment

Slide 22: Scheduling Optimization - Pattison Food Group

Slide 23: Radar Scheduling - Davidson Technologies

Slide 24: Tour Scheduling - Momentum

Slide 25: HVAC Design - VINCI Energies

Slide 26: Customer Q&A

Slide 27: Growth and Sales

Slide 28: Commercial Momentum & Wins

Slide 29: Worldwide Go-To-Market Strategy

Slide 30: Land New Customers While Progressing Current Customers

Slide 31: Reduce Time to Production

Slide 32: Prioritizing Verticals and Use Cases

Slide 33: Job Shop Scheduling Demo

Slide 34: Engage Partners for Increased Breadth and Speed

Slide 35: New Deloitte & D-Wave Collaboration in Canada

Slide 36: Pursue Government Sales & Grants

Slide 37: Demand Gen and Marketing

Slide 38: Our Progress and Focus

Slide 39: Demand Generation to Fuel Sales Pipeline Growth

Slide 40: Vertical-Specific Marketing Efforts Underway

Slide 41: Lunch & Lab Tour

Slide 42: Quantum Technologies and Systems Products

Slide 43: Driving Customer Use Cases

Slide 44: Advantage2 System: A Giant Step in Performance

Slide 45: 1200 Qubit Advantage2 Prototype Delivers Performance Boost

Slide 46: Error Mitigation on Advantage2 Prototype

Slide 47: Quantum Effects Accelerating Optimization

Slide 48: Pathway to Proving Quantum Supremacy

Slide 49: Quantum Annealing Technology Accelerates Gate Model Development

Slide 50: Progress Accelerating on Gate Model Program

Slide 51: Leap Service, Ocean SDK, and Hybrid

Slide 52: Tech Driving Customer Use Cases

Slide 53: Software Advancements for Accelerating Quantum Commercialization

Slide 54: Production Leadership Supports Increasing Customer Deployments

Slide 55: Hybrid Solver Innovation Expands Commercial Value

Slide 56: Next-Generation Hybrid Solver Unlocks Higher Performance

Slide 57: Full Stack Support for Advantage2 System

Slide 58: Synchronizing Product and Sales

Slide 59: Key Takeaways

Slide 60: D-Wave: Blazing the Trail for Commercial Quantum Computing

Slide 61: Q&A Session

Slide 62: Closing Remarks

Slide 63: Commercial Quantum Computing