Slide 1: The New Industry Standard for Immersive Wireless Sound
NASDAQ: WISA The New Industry Standard for Immersive Wireless Sound August 19, 2021 Benzinga Reopening Stocks Summit
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of Summit Wireless Technologies, Inc. (NASDAQ: WISA) (the “Company” or “WISA”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amen
Slide 3: Summit Wireless
Summit Wireless Summit Wireless is a leading provider of immersive, wireless sound technology for intelligent devices & next-generation Summit Wireless home entertainment systems NASDAQ: WISA Markets and sells ASICS, Association with 70+ modules & IP that is leading CE brands integrated into leading
Slide 4: WiSA Association: Building a Standard
WiSA Association: Building a Standard The WiSA Association has 70+ member brands implementing worldwide standards for high definition, multi-channel, low latency audio using our WiSA global interoperability standard TVs AVRs Consumers Win •- Greater simplicity - •- Greater access to content - Window
Slide 5: Strong Q2 2021 Accomplishments
Strong Q2 2021 Accomplishments • Won 5th TV brand • Launched SoundSend Android TV app for Sony, Toshiba, Sharp, Hisense, Insignia, etc. • Increased adoption: 2M visitors expected in 2021 • Opened first WiSA storefront www.amazon.com/wisa • Joined Russell Microcap® Index • Raised $10M gross proceeds
Slide 6: Why Now?
Why Now? Annual Website Traffic Revenue Growth YOY ~180% number of visitors ~2,000,000 41% 365,800 31% 26,200 2019 A 2020 A 2021 E 2019 A 2020 A 2021 E NASDAQ: WISA 6
Slide 7: 25+ Brands Shipping Summit Wireless' Technology
25+ Brands Shipping Summit Wireless’ Technology 2021 Shipping Display Brands 2021 Shipping Soundbar & Speaker Brands 6th Display Brand System Audio A/S Strategic Partners NASDAQ: WISA 7
Slide 8: LG, Hisense & Toshiba WiSA TVs
LG, Hisense & Toshiba WiSA TVs WiSA Ready Certified WiSA SoundSend Certified Program REGZA is the first certified product family QNED, OLED, Nanocell, Laser Launched SoundSend Android TV app NASDAQ: WISA 8
Slide 9: Multiple New Speakers
Multiple New Speakers Bang and Olufsen (B&O) Harman Radiance Lithe for Dolby Atmos Onkyo SOUND SPHERE NASDAQ: WISA 9
Slide 10: Today's Sound Experience Options
Today’s Sound Experience Options WiSA’s Advantage Home Theater Discreet Speakers / Spatial Sound • Better Sound Field Soundbar + Subwoofer + Simulated Dolby Digital/Atmos • Simple Installation • Lower Prices Soundbar + Subwoofer Soundbar TV $799 $1,300 $1,800 $899+ Premium Soundbar Systems (i.e. Son
Slide 11: Primary Growth Drivers
Primary Growth Drivers WiSA Wave SoundSend • 2M visitors universal, low-cost projected for 2021 WiSA connectivity • Amazon Storefront increases ease of WiSA CertifiedTM sale Discovery: Next-Gen Wi-Fi Module Wi-Fi tech broadening the market through lower cost NASDAQ: WISA 11
Slide 12: WiSA's Award-Winning Unifier
WiSA’s Award-Winning Unifier Your Smart TV WiSA SoundSend Amazing Speakers Works with 100s of millions of Universal transmitter easily connects to Amazing WiSA Certified speakers TVs with ARC/eARC your TV and sends HD audio to speakers from great brands NASDAQ: WISA 12
Slide 13: WiSA Wave Benefits Brands and Consumers
WiSA Wave Benefits Brands and Consumers Brands: • Ad cost covers multiple brands Annual Website Traffic • Displays WiSA as a Category number of visitors Consumers: ~2,000,000 • Educates on WiSA benefits • Directs them to “learn more” or shopping sites Marketing: • Identifies an audio consumer • Tags
Slide 14: WiSA Wave Leveraging Digital Marketing
WiSA Wave Leveraging Digital Marketing Brands or retailers remarket using WiSA Wave analytics. For example: • Demographics • Geography • Repeat visitors • Shoppers vs researchers • Time on site • Consumer vs audiophile shopper NASDAQ: WISA 14
Slide 15: Expanding the Ecosystem
Expanding the Ecosystem Opening Retail Storefronts Establishing Various Price Points www.amazon.com/wisa Audiophile Brands $2,000 - $20,000 Mainstream $1,098 - $1,495 Entry Level $799 - $999 Milan 5.1 with WiSA SoundSend NASDAQ: WISA 15
Slide 16: Beyond Premium Audio: Driving 2022 Growth
Beyond Premium Audio: Driving 2022 Growth Home Entertainment • Next Gen Expands to IoT and IP Licensing • Immersive Sound Expands to Wi-Fi enabled smart devices: • Soundbars with Wireless Speakers • Smart TVs • Smart Speakers • Smart Phones Discovery: • Tablets Next-Gen • Gaming PCs and Consoles Mob
Slide 17: Large, Growing Wireless Markets
Large, Growing Wireless Markets Projected TAM* Audio Configuration Gen 1: 5.1 Gen 2: 5.1 WW Smart TVs (Ms) 90 269 Audio Attach Rate 15% 30% Audio Systems Sold (Ms) 14 81 WiSA Share 10% 50% WiSA Systems (Ms) 1.4 40.4 Speakers per configuration 6 3 Transmitters per system 1.0 0.5 Module TAM (Ms) 9.5 1
Slide 18: 354% Q2 2021 Revenue Growth
354% Q2 2021 Revenue Growth Q2 ‘21 Revenue & Gross Margin • $1.6M revenue, up 350+% vs. Q2 ’20 ($ in M) $6.5 to $7.0 • 29.0% gross margin, up from 3.4% in Q2 ‘20 • $3.3M opex, including $0.4M of non-cash, vs. 28% $2.0M, including $0.1M of non-cash in Q2 ’20 to 30% • $3.4M net loss, including $0.6M o
Slide 19: Expanding WiSA Ecosystem Driving Growth
Expanding WiSA Ecosystem Driving Growth Joined Russel Microcap® Index More TV More Strengthening Balance Sheet Integration Consumers Cash & Cash Equivalents Driving • $10.3M at 6/30/21 Revenue Lower More • $9.2M net cash raised in July Entry Growth Speaker Prices Brands • $13M - $15M expected at 12/
Slide 20: Expanding Ecosystem, Fueling Growth
Expanding Ecosystem, Fueling Growth # of Website Visitors • Building the standard, like HDMI ~2,000 Immersive Sound • Protected IP and WiSA trademark Huge Market • Soundbars, Smart TVs, Wireless Speakers, Opportunity Headphones, Smartphones 366 26 Increasing WiSA • ~900k website visitors through H1
Slide 21: www.summitwireless.com
Investor Relations Greg Falesnik, CEO - MZ North America 949-385-6449, WISA@mzgroup.us Kirsten Chapman, MD - LHA Investor Relations 415-433-3777, summit@lhai.com Summit Wireless Technologies, Inc. 6840 Via Del Oro, Suite 280 San Jose, CA 95119 www.summitwireless.com
Slide 22: Summit Leadership
Summit Leadership Brett A. Moyer George Oliva Tony Ostrom Tony Parker James Cheng Keith Greeney Ed Green Founders/Executives CEO, Pres. & Chair CFO President, VP, Bus. Dev. VP of Worldwide Sales VP of Engineering VP of Operations WiSA Association & Strategy • Focus Enhancements, • Hardesty LLC • Aml
Slide 23: Potential Warrant Proceeds
Potential Warrant Proceeds Warrants Outstanding Exercise Price Potential Proceeds 227,679 $ 2.32 $ 528,215 824,486 $ 2.55 $ 2,102,439 540,000 $ 2.61 $ 1,409,400 1,811,200 $ 3.25 $ 5,886,400 100,000 $ 3.90 $ 390,000 305,419 $ 4.20 $ 1,282,760 250,000 $ 4.46 $ 1,115,000 20,400 $ 6.40 $ 130,560 4,553 $