Cyngn Inc. · NASDAQ:CYN
Cyngn — Investor Presentation (February 2022)
31 slides from Cyngn's investor presentation, Feb 23, 2022
Slide 1: Autonomous vehicle software for industrial and commercial enterprises
Autonomous vehicle software for industrial and commercial enterprises
Slide 2: Cautionary Note on Forward-Looking Statements
However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed or indicated by the forward - looking statements. Forward - looking statements are subject to risks and uncertainties that coul
Slide 3: Company Overview
COMPANY OVERVIEW • TICKER : • RECENT STOCK PRICE : • SHARES OUTSTANDING: • MARKET CAP : • HEADQUARTERS : • EMPLOYEES : • WEBSITE : 3 NASDAQ: CYN $1.58 (as of 1/31/2022) 26.4 million (as of 11/17/2021) $41.7 million Menlo Park, Calif. 33 (as of 10/21/2021) www.cyngn.com Cyngn is an autonomous vehicle
Slide 4: Our Mission and Vision
OUR MISSION AND VISION Our mission is to develop and deploy autonomous driving software , built to serve a broad spectrum of industrial applications, from logistics to mining. Our solutions will give our customers a competitive advantage in the race to efficiency, safety, and productivity. Our visio
Slide 5: Investment Highlights
• Cyngn's Enterprise Autonomy Suite (EAS) is a proprietary, full - stack software solution for operating fleets of autonomous vehicles in various industrial applications (Beta stage). • Cyngn's technology is capable of operating a wide range of vehicle types, creating unique opportunities for produc
Slide 6: Recent Milestones
6 Columbia Vehicle Group announces it is building a fleet of autonomous industrial vehicles that use Cyngn's AV technology ( link ). BUILDING WITH AN OEM SUCCESSFUL PILOT RECENT MILESTONES Cyngn files for patent of a sensor module that streamlines deployment of DriveMod's self - driving technology a
Slide 7: But Companies Need Consistency: The Problem of Human Error
BUT COMPANIES NEED CONSISTENCY Industrial tasks involve repetitive physical activities that require accuracy at high rates . T his applies to a wide range of industries, including warehouse logistics, manufacturing and assembly, construction, mining, and air/seaports. V ehicles such as tuggers, stoc
Slide 8: High Costs Associated with Human Labor
HIGH COSTS ASSOCIATED WITH HUMAN LABOR • 900,000 material handlers, stock pickers, and industrial vehicle drivers in the United States.¹ • Estimated $140 billion spent on human labor across 20,000 warehouses in the US alone.² • Bureau of Labor Statistics: "Employer Costs For Employee Compensation –
Slide 9: The Solution Is Automation
INCREASED PRODUCTIVITY REDUCED DEPENDENCE ON LABOR LOWER COST OF LABOR INCREASED SAFETY Automation enables new forms of competitive advantage EVOLVE OR BE DISRUPTED FORWARD - LOOKING ENTERPRISES THAT HARNESS AUTOMATION BENEFIT FROM: THE SOLUTION IS AUTOMATION 9
Slide 10: Autonomous Vehicles Drive ESG Impact
• Investment in robots contributed 10% of growth in GDP per capita in OECD countries from 1993 to 2016.¹ • The impact of adding robots to industrial productivity is assessed to be higher than introducing steam technology was in the 19th century.² Centre of economic performance study found: PRODUCTIV
Slide 11: Disruptive Enterprises Are Surging Ahead
DISRUPTIVE ENTERPRISES ARE SURGING AHEAD 4,000,000 commercial robots estimated to be working in 50,000 warehouses globally by 2025.¹ • ABI Research - " 50,000 Warehouses to Use Robots by 2025 as Barriers to Entry Fall and AI Innovation Accelerates" • IEEE Spectrum - "Foxconn To Replace Human Workers
Slide 12: Cyngn's Opportunity Today
• 883,000 vehicles x 4,174 hours/yr x $32.34/hr = $119B • ABI Research Whitepaper: "Trends In Supporting And Scaling Modern Automation" • Bureau of Labor Statistics: "Employer Costs For Employee Compensation – June 2021" 883,000 units shipped in 2019 by the top 10 material handling vehicle manufactu
Slide 13: Wide Adoption of Autonomous Vehicles Starts with Industrial Applications
MORE COMMONALITY FROM SITE TO SITE CONTROLLED INTERACTIONS WITH TRAINED HUMANS PREDICTABLE WORKFLOWS MORE STRUCTURED OPERATION LOWER SPEED REQUIREMENTS LOWER REGULATORY HURDLES LESS COMPLEX ROUTES Compared to Passenger Vehicles, Industrial Vehicles Offer: WIDE ADOPTION OF AUTONOMOUS VEHICLES STARTS
Slide 14: Cyngn's Enterprise Autonomy Suite (EAS)
DRIVEMOD Full - Stack Autonomous Driving Software System Intelligent Control Center CYNGN INSIGHT CYNGN EVOLVE Data Optimization Tools • Fleet management system • Human - machine interfaces: web, mobile, on - vehicle • Operational analytics • Teleoperation • Real - time diagnostics • Data pipeline •
Slide 15: DriveMod: See, Decide, Act
• Multi - modal sensor fusion • AI/ML powered perception • Existence - based virtual bumper • High - definition semantic maps • Laser - accurate localization SEE 15 Robotaxi Brain in an Industrial Vehicle DRIVEMOD DECIDE • Abstracted behavioral decision framework • Context - aware prediction • Thous
Slide 16: Cyngn Insight
Fleet Management and Diagnostics Business and Operational Insight Remote Support and Teleoperation Fleet monitoring and management to maximize asset utilization: operate, observe, and analyze CYNGN INSIGHT 16
Slide 17: Cyngn Evolve
Machine Learning Infrastructure & Data Pipeline Hybrid Simulation & Automatic Grading Frameworks Autonomous Vehicle Performance Analytics How Cyngn expands its autonomous vehicle capabilities CYNGN EVOLVE 17
Slide 18: The Competitive Landscape: A Fragmented Solution Space
• Supports a single use case, but industrial customers have diverse vehicle fleets. • Narrow focus limits opportunity for data collection to advance and expand AI and V2V capabilities. • Results in duplicate bring up and support cost to the customer. • Single - frame, record and rerun or free - spac
Slide 19: Our Competitive Advantage
19 OUR COMPETITIVE ADVANTAGE YOUR VEHICLE POWERED BY OUR SOFTWARE MULTIPLE APPLICATIONS ADVANCED AUTONOMY • Developed for robotaxi capability by using leading technology like AI, sensor fusion, and abstract decision making. • Takes advantage of sensor and compute advancements that are driven by high
Slide 20: We Bring the Best of Autonomous Driving Technology to Industrial Applications
Long Haul Trucking Robotaxis Highway Automation WE BRING THE BEST OF AUTONOMOUS DRIVING TECHNOLOGY TO INDUSTRIAL APPLICATIONS Billions of dollars in funding and long years of research have focused on robotaxis, trucking, and highway automation, which are not being built to address industrial needs.
Slide 21: Industry Peers
21 INDUSTRY PEERS Source: Bloomberg 2020 Revenue -- $1.8M -- -- NASDAQ Ticker CYN TSP AUR EMBK Market Cap $41.7 M $4.0 B $5.5 B $1.4 B Business An autonomous vehicle technology company focused on addressing industrial uses for autonomous vehicles A global autonomous driving technology company develo
Slide 22: Train Hard, Drive Easy
Autonomous electric utility vehicles at an International Container Terminals Services (ICTSI) container port in the Philippines. 2017 22 2016 Autonomous electric shuttle busses at the Loblaw corporate headquarters in Canada. 2019 Began developing AV solutions in complex mixed traffic to overshoot th
Slide 23: Collaborative Go-to-Market Approach
23 COLLABORATIVE GO - TO - MARKET APPROACH An ecosystem designed to support scaled, high - quality autonomous fleet deployments
Slide 24: Cyngn EAS Will Be Offered as SaaS via Annual License per Vehicle
CYNGN EAS WILL BE OFFERED AS SAAS VIA ANNUAL LICENSE PER VEHICLE Pricing Factors: • Target Vehicle • Utilization • End Application • Number of Vehicles Remember: the top 10 material handling manufacturers shipped 883,000 units in 2019. 24
Slide 25: Land & Expand
PHASE 1 PHASE 2 PHASE 3 PHASE 4 LAND & EXPAND The path to multi - million dollar accounts • Multiple Sites • 1 Vehicle Type • 10s of Vehicles • 1 Site • 1 Vehicle Type • <10 Vehicles 2022 2023 2024 2025 • Multiple Sites • Multiple Vehicle Types • 100s of Vehicles • Many Sites • Many Vehicle Types •
Slide 26: Balance Sheet Highlights
26 BALANCE SHEET HIGHLIGHTS Following the completion of its IPO in October 2021, Cyngn is well capitalized with $25.0 million in cash and cash equivalents on the balance sheet. 12.31.20 9.30.21 9.30.21 Pro Forma Includes IPO Proceeds Cash & Cash Equivalents (including restricted cash) $6.5m $1.7m $2
Slide 27: Material Handling Is Just the Beginning
In the future, we can expand our offering to public roadway: Our technology already applies to additional industrial applications • Management estimate from Bureau of Labor Statistics data . See slide 11 . MATERIAL HANDLING IS JUST THE BEGINNING Industrial and commercial autonomous applications shar
Slide 28: Management Team
Lior Tal CEO SINCE 2016 Previously: Director of international growth and partnerships at Facebook, co - founder and VP of business development at Snaptu (acquired by Facebook), partner at Barzam, Tal, Lerer Attorneys at Law and Patent Attorneys. Held leadership roles at Actimize (acquired by NICE),
Slide 29: Board of Directors
BOARD OF DIRECTORS Karen MacLeod INDEPENDENT DIRECTOR Currently: Market Leader — Interim Solutions of Korn Ferry. Previously: CEO of the Arete Group. Board member FWA of New York, member and chair of Track Group Inc.'s audit committee. President of Tatum, Randstand Holdings NV Company, president of
Slide 30: Key Takeaways
An opportunity to invest in a company focused on practical applications in the growing automation market that addresses the very real problem of dependence on a human workforce, particularly in an ongoing pandemic environment. Proprietary, innovative technologies for operating various industrial veh
Slide 31: Thank You / IR Contacts
www.cyngn.com THANK YOU IR CONTACTS At Cyngn Don Alvarez, CFO 831.239.5625 dalvarez@cyngn.com At The Equity Group Carolyne Sohn, VP 415.568.2255 investors@cyngn.com csohn@equityny.com