Lightpath Technologies, Inc. · NASDAQ:LPTH
Lightpath Technologies — Investor Presentation (February 2023)
22 slides from Lightpath Technologies's investor presentation, Feb 22, 2023
Slide 1: LightPath Investor Presentation February 2023
LightPath INVESTOR PRESENTATION February 2023
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategie
Slide 3: About LightPath
About LightPath NASDAQ: LPTH Share Price! $1.25 Market Cap! $33.7M FY 2022 Revenue $35.5M Backlog? $31.0M High Performance Custom Optical Multispectral Thermal eee 27.0M Components Assemblies Camera Float 227M Insider Holdings 27% Employees ~350 (-<.) & S =] g we Headquarters Orlando, FL 7 Se ? —s —
Slide 4: Markets Served Overview
Markets Served Overview Optics can be modified for different applications allowing LightPath to deliver solutions to a diverse market of verticals “The beauty of Photonics is, that as an enabling technology that is embedded in products across many industries, it provides us with a built-in diversifi
Slide 5: Market Opportunity — Multispectral Imaging
Market Opportunity — Multispectral Imaging Multispectral cameras will be able to replace multiple camera modules in each application Market data on thermal cameras Global Thermal Camera Market (in $ millions) estimates a 7% CAGR to ~$9 billion sane $7160 market by 2026. sean $776 Increasing adoption
Slide 6: Engineering a New LightPath
Engineering a New LightPath LightPath is transitioning to a solutions-oriented approach for high value customers geared towards driving higher gross margins Legacy LightPath LightPath 2.0 LightPath 3.0 Components Supplier Solutions Provider Imaging Systems Creator ite «aj = — + 20% of sales backlog
Slide 7: Case: MANTIS
ase: MANTIS BEES Highlights: id - Camera combines functionality of a Mid wavelenetil Infrared (MWIR) and Long Wavelength Infrared (LWIR) camera in one housing. tile - Camera covers 2-12um wavelengths. Ir pled - Able to image MWIR wavelengths without an expensive cryogenic cooling mechanism. or - 2.5
Slide 8: First Imaging System Release: MANTIS
First Imaging System Release: MANTIS Diverse po tential use cases ile Detection Muzzle Flash Detection Smigtering Slow; flgmelé form of combustion 1ANTIS imaging smoldering Smoldering material fire's extinguished [ Legacy Technology Legacy Technology ] [ Legacy Technology [Requires acostic sensors o
Slide 9: Key Technology — Chalcogenide Glass
Key Technology — Chalcogenide Glass + Amade-in-the-USA cost effective alternative to Germanium + Germanium is defined by DoD and the White House as a key Strategic mineral with a potential supply chain liability + The ONLY GLASS that enables the use of multi-spectral cameras reducing the size, weigh
Slide 10: Key Technology — Chalcogenide Glass
Key Technology — Chalcogenide Glass LightPath Black Diamond™ — Proprietary Chalcogenide Glass Solution * Common Aperture multiband Short Wave Infrared camera reduces weight, size and Camera (SwiR) cost + Key enabling technology behind MANTIS Med Wave Infrared + Eliminates the need for crystal Sarner
Slide 11: Key Technology — Freeform Optics
Key Technology — Freeform Optics Custom optics that reduce the number of lenses needed + Announced availability of MN.) technology in November 2021 \ r} Py + Ability to produce components in me rerr m PRIS -{ almost any shape preterm 7 y shop TN AWARDS 22.06 oe + Reduces the number and size of eae 7
Slide 12: Recent Developments: Automotive Applications
Recent Developments Automotive Applications Thermal Imaging is being added to existing automotive pedestrian detection systems Simpler and lower risk than LIDAR, as the system is only used as a simple sensor and connects to the existing braking systems LightPath thermal imaging assembly has been qua
Slide 13: Recent Developments: Government & Defense
Recent Developments Government & Defense Qualified as Infrared Optics Supplier December 2022 Multiple funding opportunities from various government agencies to accelerate material and capabilities developments. Each opportunity >$1.0 million Fundings received from DoD and European Space Agency total
Slide 14: Operations - Complete Vertical Integration
Operations - Complete Verte Integration CLightPath 14
Slide 15: Operations — Global Capabilities
Operations — Global Capabilities Headquarters Orlando, Florida Riga, Latvia Zhenjiang, China 6a oral 2022 $2.6M of company capex of up 2021 $2.2M invested in 2920 $1.8M Jnvested to $3.2M to be invested in capacity & capability in capacity efficiency & clean room expansion CLightPath 5
Slide 16: Investment Goals & Opportunities
Investment Goals & Opportunities Industry Opportunity + Core markets are diversified and experiencing solid secular growth + Multi-billion market for infrared imaging boosted by growing use of LIDAR + LightPath’s BD - Black Diamond Glass is a US-produced alternative to Germanium LightPath’s Strategi
Slide 17: Revenue Breakdown — Fiscal 2020-2022
Revenue Breakdown -— Fiscal 2020 -2022 Decreasing reliance of supplying lower value components in China China sales yen China sales primarily low margin components supplier Large opportunity in US and Europe to drive higher value assemblies, solutions and systems | > US/EUR growing as a percent / of
Slide 18: Management Team
Management Team Joined Company in 2020 Buen 25 Ye in Optic ieee ‘ears in Optics Revenue Growth of Prior Chief Executive Offic Owner / Exec / Sales / R&D / M&A pt $30M to $500M Joined Company in 2021 Albert Miranda 22 Years in Optics ical Chief Financial Officer Finance / GM / Exec / M&A Revenue Grow
Slide 19: Contact Us LightPath
Contact Us LightPath Brian M. Prenoveau, CFA Investor Relations LPTH@mzgroup.us 561-489-5315 Engage With Us TWITTER LINKEDIN @lightpathtech | ~ DO NOT DISTRIBUTE
Slide 20: Appendix
Appendix CLightPath
Slide 21: Balance Sheet
Balance Sheet CLig htPath Technologies LIGHTPATH TECHNOLOGIES, INC. Condensed Consohdsea Halance Shoes {unauated) eves Curent assets ‘Cash and cash equivalents ‘rade accounts recetvabe, et of alowance of $41,240 and $36,313. Inventories, net Other receivables Propaid expenses and other assets abies
Slide 22: Income Statement
Income Statement LIGHTPATH TECHNOLOGIES, INC. Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) ‘Three Months Ended ‘Six Months Ended December 31, seems m2 20a Revenue, net BAITS TORT TCO TCT Cost of sales 6,443,328 _ 10,381,523 _ 12,374,736 Gross margin 798,846 5.458257 —
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