Elliptic Laboratories Asa · OSL:ELABS
Elliptic Laboratories Asa — Elliptic Labs — Q3 2021 Earnings Presentation
24 slides from Elliptic Laboratories Asa's earnings presentation, Nov 10, 2021
Slide 1: Elliptic Labs Quarterly Presentation — Q3 2021
Elliptic Labs Quarterly Presentation — Q3 2021 November 10, 2021 AI Virtual Smart Sensors Empowering the Next Billion Devices 1
Slide 2: Disclaimer – Important Information
DISCLAIMER – IMPORTANT INFORMATION The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its content
Slide 3: Agenda
Agenda Introduction and Q3 2021 Highlights Financials Summary 3
Slide 4: Q3 Highlights: Solid progress in multiple verticals
Q3 HIGHLIGHTS Solid progress in multiple verticals • Continued improvement of financial performance compared with Q3 2020: • Operating revenues up from mNOK 7.1 to mNOK 16.2, a 127.6% increase YoY • Q3 revenue (mNOK16.2) exceeded 1H revenue (mNOK12.1) • EBITDA improved from mNOK -6.2 to mNOK -0.4 •
Slide 5: Elliptic Labs develops Virtual Smart Sensors using AI, ultrasound and sensor-fusion
Elliptic Labs develops Virtual Smart Sensors that use AI, ultrasound, and sensor-fusion to sense you and your surroundings 5
Slide 6: Sensors touch every aspect of life and drive digital transformation
Sensors touch every aspect of life and drive the digital transformation Our vision is to build the leading software platform for all sensors, making every device smarter, more human- & environmentally-friendly 6
Slide 7: We Are the Virtual Smart Sensor Leader for the Consumer Market
We Are the Virtual Smart Sensor Leader for the Consumer Market Global AI software company headquarter in Norway with presence Who Europe, Asia, and USA. Established in 2006. AI Virtual Smart Sensors for proximity, presence, 3D gestures, heartbeat What detection, and other features applicable for mul
Slide 8: Expanding Critical User Experiences into Smartphone, Laptop, IoT & Automotive Markets
Expanding Critical User Experiences into Smartphone, Laptop, IoT & Automotive Markets AI Virtual Smart Sensor Platform™ Making Sensors More Intelligent Proximity Presence Gesture Positioning Connection Breathing Heartbeat 8
Slide 9: Strengthened Market Opportunities
Strengthened Market Opportunities Tight supply chain impacts hardware sensor availability enterprise IoT and pricing, improving our competitive advantage PC/LAPTOP/ MARKETS SMARTPHONE IOT SMART TV AUTOMOTIVE TABLET Total Market Size 1.4B 460M 1B++ 400M 100M (Units) Competing Hardware Infrared Sensor
Slide 10: Increased Business with Xiaomi
Increased Business with Xiaomi Overview: • Xiaomi, second largest smartphone vendor based on worldwide shipments • Signed a substantial enterprise license contract • Becoming Xiaomi’s de facto proximity standard Value: • Elliptic Labs eliminates sourcing risk while reducing costs • Xiaomi uses our s
Slide 11: Smartphone Market
Smartphone Market Signed more license contracts 1.4B smartphones use a proximity sensor to turn screen off/on when users are making calls • Most smartphones use hardware sensors for proximity, which we are replacing with our smart software sensors • Customers partner with us to reduce supply chain,
Slide 12: PC Market Is the Next Large Vertical
PC Market Is the Next Large Vertical 2020 PC/Laptop CPU Market Share 2020 PC/Laptop/Tablet Volumes (Revenue) Partners (Millions of units — Mu) Customers ~$300M Qualcomm $6.4B 87 Mu AMD ~$100M Lenovo Other 200,5 Mu Other 67,8 Mu HP $40B Intel 50.5 Mu Dell 20 Mu 16,4 Mu 16.2 Mu *AMD does not separate
Slide 13: PC Status – On Target to Deliver in Mass Production
PC Status – On Target to Deliver in Mass Production Overview • First enterprise license contract signed • Expanding PC sales and support footprint in USA, Taiwan, China and Japan • An enterprise license agreement enables all departments to purchase under this contract Value: • Elliptic Labs eliminat
Slide 14: Strong Interest from PC market
Strong Interest from PC market Tight hardware sensor supply chain enhances our position Signed Enterprise License Agreement Market Impact • Accelerate interest from other PC vendors • More visibility and greater interest from the partner eco-system Target PC/Laptop/ Tablet Our value: Our software se
Slide 15: Elliptic Labs KPIs per Q3 2021
Elliptic Labs KPIs per Q3 2021 # Number of granted and filed patents Cumulative number of partner-agreements 107 19 93 86 15 77 70 56 52 # Patents 32 41 46 9 # Partner-Agreements (granted and filed) 7 (general market) 51 4 38 36 40 41 2017 2018 2019 2020 2021.Q3 2017 2018 2019 2020 2021.Q3 Cumulativ
Slide 16: Agenda
Agenda Introduction Financials Summary 16 16
Slide 17: Q3 2021 P/L
Q3 2021 P/L Q3 2021 Q3 2020 Δ% YTD 2021 YTD 2020 Δ% (Amounts in 000 NOK) Notes (Audited) (Unaudited) (Audited) (Unaudited) Q3 Comments Revenue 13 401 3 538 278,7% 19 929 6 144 224,4% Other operating income 2 813 3 585 -21,5% 8 438 11 327 -25,5% • Customer revenue significantly Total revenue 2 16 213
Slide 18: Q3 2021 Balance Sheet and Cash Flow
Q3 2021 Balance Sheet and Cash Flow Q3 2021 Q3 2020 2020 Solid Balance Sheet After Q3 2021 30/09/21 30/09/20 31/12/20 (Amounts in 000 NOK) Notes (Audited) (Unaudited) (Audited) • Cash position increased after capital injection of mNOK 150 in September Non-current assets Deferred tax assets 7 66 129
Slide 19: Clear Path Towards Significant Revenue Uplift
Clear Path Towards Significant Revenue Uplift • Increase in smartphone revenue from current and new customers • Laptops to become the largest revenue driver • Establish Elliptic Labs' technology in IoT markets for long-term revenue growth OEMs and chipset No established Increased price Increasing ve
Slide 20: Shareholder Structure as per November 5th, 2021
Shareholder Structure as per November 5th, 2021 SHAREHOLDER NAME #Shares % SHAREHOLDER NAME #Shares % Passesta AS (Chairman, Tore Engebretsen) 12 280 480 11,9% Shares owned by Board of Directors 21 214 810 20,6% MP PENSJON PK 9 073 950 8,8% Shares owned by Mgmt. and Employees 4 922 470 4,77% Alden A
Slide 21: Agenda
Agenda Introduction Financials Summary 21 21
Slide 22: Elliptic Labs Well-Positioned for Multi-Vertical Growth
Elliptic Labs Well-Positioned for Multi-Vertical Growth ü Proven business model with software deployed at large scale delivers an attractive value proposition across multiple verticals ü Signed first significant enterprise license agreement with a top-three PC manufacturer ü Signed three substantial
Slide 23: Thank You
23 Thank You allipticlabs
Slide 24: allipticlabs
24 allipticlabs