Cerence Inc. · NASDAQ:CRNC
Cerence — Investor Presentation (November 2025)
30 slides from Cerence's investor presentation, November 2025
Slide 1: Investor Presentation November 2025
Investor Presentation November 2025 © 2025 Cerence Inc.
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation, as well as oral statements made by Cerence management from time to time, regarding: Cerence’s future performance, results and financial condition; expected growth, profitability and cash flow; outlook and momentum; transformation plans and
Slide 3: Cerence AI Company Overview
Cerence AI Company Overview © 2025 Cerence Inc. 3
Slide 4: Cerence AI – Automotive and Beyond
Cerence AI – Automotive and Beyond Automotive Two-Wheeler Autonomous Truck Wearables IoT Enterprise HealthCare OUR EXPERTISE & INNOVATION FOUNDATION CUSTOMER EMPOWERMENT 80+ 60B+ 525M+ Customization & Integration Global OEMs Tokens Cars shipped with and Tier1s (Dataset) Cerence tech Control of Data
Slide 5: Experienced Leadership Team Driving the Future
Experienced Leadership Team Driving the Future Brian Krzanich Jennifer Salinas Nils Schanz President Executive Vice President, Chief Executive Vice President, & Chief Executive Officer Administrative Officer & General Counsel Product & Technology Christian Mentz Tony Rodriquez Executive Vice Preside
Slide 6: Cerence AI Board of Directors
Cerence AI Board of Directors Brian Krzanich Kristi Ann Matus Marianne Budnik Douglas Davis President Chairperson of the Board Director Director & Chief Executive Officer Marion Harris Marcy Klevorn Alfred Nietzel Arun Sarin Director Director Director Director © 2025 Cerence Inc. 6
Slide 7: Deep Partnerships with Leaders in Mobility and Beyond
Deep Partnerships with Leaders in Mobility and Beyond ADJACENCIES AND AUTOMOTIVE AUTOMOTIVE TIER-1S TECHNOLOGY & MEDIA NON-TRANSPORTATION & © 2025 Cerence Inc. 7
Slide 8: Cerence AI Automotive Portfolio
Cerence AI Automotive Portfolio © 2025 Cerence Inc. 8
Slide 9: Today's Challenges
Today’s Challenges Increasing digital complexity FRAGMENTED UI COGNITIVE DATA PRIVACY CHALLENGES APPROACH SMARTPHONE-LIKE UI OVERLOAD RESTRICTIONS Need to navigate Large touch screens Number and complexity Restricted data leverage between native UI and with many icons require of features cause reduc
Slide 10: Building the Next Gen User Experiences
Building the Next Gen User Experiences Trustworthy Multimodal Models (LMMs / SLMs) are the new computing engine, enabling a single conversational interface to work across applications to complete tasks based on user preferences. 1 AUTO FIRST EXPERIENCES Intuitive, personalized & reliable user intera
Slide 11: Our Vision
Our Vision The Vehicle as your AI companion Human-like Proactive and Holistic Powered by GenAI Interaction Personalized Brand Experience and tailored for automotive © 2025 Cerence Inc. 11
Slide 12: Our Solutions Portfolio
Our Solutions Portfolio Conversational & Audio & Generative AI Communication AI Full stack Gen AI-based voice assistant, Best-in-class audio applications, including voice activation, natural voice enhancing in-car experiences by input and output, hybrid conversational reducing environmental noise an
Slide 13: AI-Driven Solutions for Automotive
AI-Driven Solutions for Automotive Conversational & Generative AI Audio & Communication AI xUI Speech Signal Enhancement CaLLM Multi-Seat & Multi- Zone Intelligence Cerence Assistant “Plus” In-Car Communication Chat Pro Audio Boost Car Knowledge Exterior Vehicle Speech Output & Interaction Input Jus
Slide 14: Selected Automotive Credentials
Selected Automotive Credentials By seamlessly integrating ChatGPT into the backend of Mercedes-Benz User Experience, or MBUX, can be By bringing Cerence into our architecture, we can our voice assistant, we are now offering drivers the controlled in several ways, including voice, touch, steering dif
Slide 15: Cerence AI Q4 FY25 Earnings Presentation
Cerence AI Q4 FY25 Earnings Presentation Brian Krzanich, CEO Tony Rodriquez, CFO November 19, 2025 © 2025 Cerence Inc. 15
Slide 16: Q4FY25 Results
Q4FY25 Results Q4FY24 Q4FY25 Q4FY25 Guidance Total Revenue $54.8M $60.6M $53M - $58M Gross Margin 63.7% 72.6% 68% - 69% Net Income (Loss) $(20.4)M $(13.4)M $(22)M - $(18)M EPS – diluted $(0.49) $(0.31) $(0.52) - $(0.43) Adjusted EBITDA(a,b) $(1.9) $8.3 $2M - $6M Cash Provided by Operating Activities
Slide 17: Detailed Revenue Breakdown
Detailed Revenue Breakdown Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 In millions Total License: $25.3 $22.7 $51.4 $34.2 $32.3 Variable(a) $25.3 $22.7 $29.9 $34.2 $31.6 Total Fixed(b) $— $— $21.5 $— $0.7 Connected Services: $12.1 $13.7 $12.6 $12.8 $14.2 Connected Services(c) $12.1 $13.7 $12.6 $12.8 $14.2 Pr
Slide 18: Operational Metrics and Variable License Revenue
Operational Metrics and Variable License Revenue In millions FY24 FY25 Operational Metrics: Q4 Q1 Q2 Q3 Q4 Pro Forma $41.9 $36.7 $39.7 $43.2 $40.1 Royalties(a) Consumption of $16.6 $14.0 $9.7 $9.1 $8.5 Fixed Contracts(b) Variable License Revenue $25.3 $22.7 $29.9 $34.2 $31.6 IHS Production (units) 2
Slide 19: Q4 FY25 KPI Performance
• Adjusted Total Billings TTM(a) of $236M, an increase of 8.4% compared to the same period last year. • Percent of worldwide auto production with Cerence Technology – 52% (TTM) Q4 FY25 KPI(e) • Approximately 12 million units shipped with Cerence technology in Q4 Performance • • An increase of 10.4%
Slide 20: Fiscal Q1 and FY26 Guidance
Fiscal Q1 and FY26 Guidance(d) Q1FY26 FY26 a. Adjusted EBITDA excludes goodwill impairment, amortization of acquired Guidance Guidance intangible assets, restructuring expense, and stock-based compensation. b. Refer to the Appendix for more information on GAAP to non-GAAP In millions except per shar
Slide 21: Appendix
Appendix © 2025 Cerence Inc. 21
Slide 22: License Business Revenue Recognition
License Business Revenue Recognition Type of Contract Description GAAP Revenue Recognition Cash Receipt Quarter car is produced. Based on Quarter following GAAP revenue Variable License applied at production volume recognition Full value of contract at signing. Standard payment terms for full Fixed
Slide 23: Connected and Professional Services Revenue Recognition
Connected and Professional Services Revenue Recognition Connected Services Typical Period GAAP Revenue Recognition Cash Receipt Billed/collected full amount at start of Subscription Term 1 – 5 years Amortized evenly over subscription period subscription period (value added to deferred revenue) Recog
Slide 24: KPI Measures – Definitions
KPI Measures – Definitions We believe that providing key performance indicators (“KPIs”) allows investors to gain insight into the way management views the performance of the business as well as a potentially new KPI, Average PPU. We further believe that providing KPIs allows investors to better und
Slide 25: Non-GAAP Financial Measures – Definitions
Non-GAAP Financial Measures – Definitions Discussion of Non-GAAP Financial Measures We believe that providing the non-GAAP information, in addition to the GAAP presentation, allows investors to view the financial results in the way management views the operating results. We further believe that prov
Slide 26: Non-GAAP Financial Measures – Definitions
Non-GAAP Financial Measures – Definitions Adjusted EBITDA. Adjusted EBITDA is defined as net income attributable to Cerence Inc. before net income (loss) attributable to income tax (benefit) expense, other income (expense) items, net, depreciation and amortization expense, and excluding amortization
Slide 27: Non-GAAP Financial Measures – Definitions
Non-GAAP Financial Measures – Definitions Stock-based compensation. Because of varying valuation methodologies, subjective assumptions and the variety of award types, we exclude stock-based compensation from our operating results. We evaluate performance both with and without these measures because
Slide 28: Q4 FY25 Reconciliations of GAAP to Non-GAAP Results
Q4 FY25 Reconciliations of GAAP to Non-GAAP Results Twelve months ended September (unaudited - in thousands) (unaudited - in thousands) Three months ended September 30, 30, 2025 2024 2025 2024 GAAP revenue $ 60,639 $ 54,805 $ 251,781 $ 331,504 GAAP gross profit $ 43,995 $ 34,895 $ 183,136 $ 244,272
Slide 29: Q1 FY26 and Full Year FY26 Reconciliations of GAAP to Non-GAAP Guidance
Q1 FY26 and Full Year FY26 Reconciliations of GAAP to Non-GAAP Guidance (unaudited - in thousands, except per share data) Q1 2026 FY2026 Low High Low High GAAP revenue $ 110,000 $ 120,000 $ 300,000 $ 320,000 GAAP gross profit $ 93,497 $ 103,497 $ 236,205 $ 256,205 GAAP gross margin 85 % 86 % 79 % 80
Slide 30: Thank You.
Thank You. Contact: cerence@pondel.com © 2025 Cerence Inc. 30