Slide 1: Integrated Lidar and Software Solution for ADAS L3 and L2+
Integrated Lidar and Software Solution for ADAS L3 and L2+ M i c ro V i s i o n Q 1 2 0 2 2 F i n a n c i a l Re s u l t s a n d U p d ate April 27, 2022
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation of MicroVision, Inc. (“MicroVision,” “the Company,” “we,” or “our”), and any accompanying oral presentation, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exc
Slide 3: MicroVision Quarterly Update
MicroVision Quarterly Update ▪ Ongoing Engagement with OEMs and Tier 1s ▪ Key differentiators for our product: - Highway Pilot capabilities with high resolution and low latency - Low system costs - Edge Computing powered proprietary software on custom ASIC ▪ 2022 Milestones - Highway Pilot feature t
Slide 4: MicroVision High-Tech Software and Lidar Hardware Company
MicroVision High-Tech Software and Lidar Hardware Company • Core technology developed and • Delivered technologies to • Established semi-conductor • Strong leadership roots delivered to U.S. military leading global tech giants partnership network Microsoft Uniquely positioned to win in ADAS Leading
Slide 5: MicroVision's Solution Provides Compelling Advantages to OEMs
MicroVision’s Solution Provides Compelling Advantages to OEMs Superior Highway Pilot functionality Saved development cost & time • Capable up to 130km/h 1 2 • No training required for Lidar/radar • Fewer restrictions than existing systems sensor fused output • Reduced training requirements for OEMs
Slide 6: Focused on the ADAS Level 2+/3 Market
Focused on the ADAS Level 2+/3 Market Forecasted MicroVision SAM, vehicles produced with Lidar potential (millions) Growth drivers 20.0 17.2 3.9 ~100M1 ~$80B2 Rapidly decreasing cost and cumulative cumulative 14.3 3.4 higher scalability of Lidar-based potential Lidar potential revenue units opportun
Slide 7: Our Measures of Future Success
Our Measures of Future Success Cumulative metrics through 2030 Partnerships Sales Volume Revenue EBITDA 2+ OEMs ~25 – 30M+ ~$2 – $4B+ ~$1 – $2B units Source: IHS Markit, company estimates. EBITDA is a non-GAAP measure useful to management and investors as a performance measure and for comparison to
Slide 8: Our Unique Approach
Our Unique Approach MicroVision’s Offering How MicroVision Integrates into the ADAS Stack Lidar Radar Camera Ultrasonic High-fidelity Lidar Lidar, Custom ASIC and Inputs acts as primary source Software MicroVision with radar used for Sensor Fusion verification OEM Sensor Fusion Lidar and radar fused
Slide 9: Our Lidar Outperforms Others in the Market
Our Lidar Outperforms Others in the Market Data rate Frame latency Max field of Range Sun/Lidar Module Wavelength (pts/sec) (Hz) view (H x V)1 (m @ 10% refl.) interference cost2 (nm) Lowest while Example OEM specs ≥ 4,000,000 24 100° x 25° 200 Immune meeting spec. N/A 10,800,000 30 100° x 25° 220 Im
Slide 10: We Are Testing our Lidar Solution at Highway Speeds
We Are Testing our Lidar Solution at Highway Speeds Equipped a test vehicle with our latest lidar system, including a dynamic lidar sensor and a short-to- medium range sensor Testing multiple highly complex scenarios at highway speeds © 2021 MICROVISION, INC. ALL RIGHTS RESERVED. 9
Slide 11: Financial Results Overview
Financial Results Overview e MicroVision
Slide 12: Q1 2022 Financial Results Highlights
Q1 2022 Financial Results Highlights ($ in millions) Q1 2022 Q1 2021 ▪ Revenue: License and royalty revenue of $0.4 million earned Income Statement under license agreements to our PicoP® scanning technology with License & Royalty Revenue $0.4 $0.5 Microsoft. No cash was received for this royalty rev
Slide 13: Key Investment Highlights
Key Investment Highlights Large SAM 1 Uniquely positioned to capture the cumulative potential revenue opportunity of $80 Billion through 2030 Best-in-Class Lidar Highway Pilot capabilities up to 130 km/h enabled by our MEMS-based Lidar and edge computing 2 1 Specifications with significantly reduced
Slide 14: Thank you
Thank you e MicroVision