Slide 1: Radar Revolution. Delivered. Arbe's Q4 & FY 2021 Earnings
v v v Radar Revolution. Delivered. Arbe’s Q4 & FY 2021 Earnings March 2022
Slide 2: Disclaimer
v v v D isclaimer This presentation contains certain “forward - looking statements” within the meaning of the Securities Act of 1933 and the Securit ies Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words “expect,” “believe,” “estimate,” “intend,”
Slide 3: Arbe is the first company to develop an imaging radar based on a proprietary chipset
v v v Arbe is the first company to develop an imaging radar based on a proprietary chipset Offering the best performance in the industry, enabling free space mapping for truly safe Level 2.5 - Level 5
Slide 4: About Arbe: First Mover & Market Leader in 4D Imaging Radar
v v v 4 Strategic Relationships with Global Tier 1 s and Auto / Industrial OEMs $2.8B in 2025E 30 In 2025 $312M Projected Revenue Projected Order Book $11B in 2025E Projected Automotive Radar TAM Founded in 2015 team members 130 R&D ʫʣʘ Nasdaq listed ARBE World ’ s First Perception radar algorithms
Slide 5: The Market
v v v The Market 5 OEMs • 2025 and up • Level 2.5 / Level 3 • High volume • Innovation and safety Trucks • 2023 and up • Level 2.5 / Level 3 • Low volume • Safety and efficiency Delivery robots • 2023 and up • Level 4 • Mid volume • Efficiency RoboTaxi • 2024 and up • Level 4 • Low volume • Not clea
Slide 6: Perception Imaging Radar: A Radar of Firsts
v v v Perception Imaging Radar A Radar of Firsts 6 First to accomplish Free Space Mapping and object tracking in all corner cases First to achieve Simultaneous Location and Mapping (SLAM) First to eliminate false alarms from phantom objects First to leverage velocity & turn rate data to sense what t
Slide 7: The Only Automotive HD, 4D Imaging Radar Solution
v v v The Only Automotive HD, 4 D Imaging Radar Solution ▪ Enabling free space mapping for safe L 2.5 and L 3 without LiDAR ▪ Functional in various weather and lighting conditions ▪ Long - range and wide field of view ▪ 4 D ultra high - resolution – 12 x better than the competition ▪ Mass production
Slide 8: Production Timeline
v v v Production Timeline Q 4 2022 Q 1 2023 Q 2 2023 Q 3 2023 Q 4 2023 Chip Production China System Production Europe & USA System Production 8 Q ʥ 2022 Q ʦ 202 ʥ Based on current estimations
Slide 9: Guaranteed Capacity with Global Semiconductor Foundry
v v v Latest 4 D Imaging Radar technology Experienced Multi - billion Global semiconductor foundry Guaranteed Capacity • Qualify and characterize • Guaranty AEC - Q 100 qualification • Lead production line • Fully own final chip testing • Manage chipset supply chain GlobalFoundries will Guaranteed s
Slide 10: Large & Growing Radar TAM Opportunity
v v v $4B $6B $2B $4B $11B 2020E 2025E Large & Growing Radar TAM Opportunity Industrial 2025 E TAM 1 $ 4 B Automotive 2025 E TAM 1 $ 11 B Aerospace & Defense 2025 E TAM 1 $ 13 B CAGR: 21 % CAGR: NM CAGR: 8 % Largest, Fastest Growing Segment of the Automotive Sensor Market 1 Industry and Wall Street
Slide 11: Radar Sales Forecast
v v v Radar Sales Forecast (In Millions) • 3 D/ 4 D Radar forecasted from 2024 • Part of LRR will also merge with 3 D/ 4 D Radar split Frost & Sullivan, December 2021 Unit Sales in 2020 Unit Sales in 2024 Unit Sales in 2028 Unit Sales in 2030 SRR/MRR LRR SRR/MRR LRR 3D/4D Radar SRR/MRR LRR 3D/4D Rad
Slide 12: Automotive Radar TAM Growth Drivers
v v v # of Sensors per Vehicle 1 % of Cars in 2025 E 2 Automotive Radar TAM 2025 E 2 Growth Drivers Camera Radar LIDAR 1 NXP Automotive Radar Teach In, August 26 , 2020 2 Industry and Wall Street research estimates 12 6 - 10 6 - 8 1 - 3 $0.1B < 1 % Level 4 - 5 + 5 6 - 8 0 - 1 $ 1 B 10 % Level 3 3 -
Slide 13: Review of Q4 & 2021 Business Achievements
v v v 13 Review of Q 4 & 2021 Business Achievements Pilot Program RoboTaxi TOP 10 OEM AI - based radar tech for perception TOP 5 OEM Pre - production Current Customers OEM Tier 1 s Developing and Shipping Arbe - based Automotive Radar Systems Design - in Top ADAS tier 1 Non - automotive Shipping sam
Slide 14: Business Growth 2020 - 2021
v v v Business Growth 2020 - 2021 New Orders + 12 Customer Pilots New Short - listed Projects + ʤʪ x 6.7 X 4.7 Revenue Growth YoY 14 14
Slide 15: Organizational Growth
v v v Organizational Growth 15 73 to 112 53 % Total Team 62 to 90 45 % R&D + + 11 to 22 100 % SG&A +
Slide 16: Q4 Financial Results
v v v Q 4 Financial Results 3.279 11.58 0.311 0.677 0.301 1.916 Q4 2020 Q4 2021 0.194 0.52 Q4 2020 Q4 2021 R&D S&M G&A 3.891 14.173 OpEx ($M) Revenue ($M)
Slide 17: FY Financial Results
v v v Q 4 Financial Results 0.332 2.249 2020 2021 OpEx ($M) Revenue ($M) 12.794 28.564 1.063 1.814 1.093 3.709 2020 2021 R&D S&M G&A 14.95 34.087
Slide 18: 2022 Business Goals
v v v 2022 Business Goals 8 Design Wins Customers 2 Top Tier 1 s in the US and Europe Tier 1 s 18 Began working with Arbe
Slide 19: Outlook
v v v Outlook $ 7 M to $ 11 M Revenues ($ 34 M) to ($ 38 M) Adjusted EBITDA
Slide 20: On Track to 2025
v v v On Track to 2025 On track to achieve our $ 312 million revenue goal for 2025 20
Slide 21: The Road Ahead
v v v The R o ad Ahead • High - definition imaging radar will change the auto market • Our solution is miles ahead of the competition • A range of new vertical opportunities will open • We intend to win significant market share by 2025 21
Slide 22: Thank You
v v v Radar Revolution. Delivered. Thank You Kobi Marenko, CEO kobi.m@arberobotics.com