Slide 1: Valens Semiconductor (NYSE:VLN) Q3-2024
Valens Semiconductor (NYSE:VLN) Q3-2024 We Push the Boundaries of Connectivity. Everywhere.
Slide 2: We Push the Boundaries of Connectivity. Everywhere.
We Push the Boundaries of Connectivity. Everywhere. WW V
Slide 3: The High-Performance Connectivity Company
The Highest Bandwidth High-speed connectivity for a variety of applications, with no latency. The High-Performance Connectivity The Longest Reach Unprecedented flexibility for system Company Design over the simplest wiring infrastructure. The Lowest Error Rate Reliable, error-free connectivity for S
Slide 4: Valens Semiconductor at a Glance
Multi-Billion Disruptive Addressable Connectivity Market Technology Valens in automotive (ADAS 1, AD 2) and diversified with 15+ year track record of Semiconductor audio-video verticals standard setting innovation at a Glance Broadly Fortress Balance Deployed Sheet $133.1M Cash across a variety of B
Slide 5: Growing diversity and business opportunities in audio-video connectivity
Growing diversity and business opportunities in audio-video connectivity Combined verticals represent ~$1B AV TAM per annum Video conferencing Industrial Medical imaging Command and control in corporations and signage education Providing seamless video- Industry 4.0 increasingly relies Integrated in
Slide 6: Constantly evolving audio-video market presents new opportunities
Constantly evolving audio-video market presents new opportunities Long-reach extension of USB3.2 peripherals, the VS6320. A new untapped large market opportunity ▪ Target verticals: corporate, education, industrial, and medical ▪ Emerging Market: well-positioned to capture substantial market share ▪
Slide 7: Constantly evolving Audio-Video market presents new opportunities
Constantly evolving Audio-Video market presents new opportunities Multi-camera videoconferencing for a unified meeting room experience ▪ Bridging the physical and virtual divide in remote/hybrid meetings ▪ Developing a flexible, efficient, high-performance connectivity solution ▪ Leveraging our auto
Slide 8: Playing a pivotal role in the mission to make roads safer
Playing a pivotal role in the mission to make roads safer ADAS & autonomous In cabin experience Long vehicles driving Enabling OEMs to level up and Providing flawless in-cabin 360° visibility for maximum safety. provide enhanced safety as data experiences in cars which are no Delivering an unparalle
Slide 9: Automotive connectivity market – key drivers
Automotive connectivity market – key drivers Valens Semiconductor will play an essential role in reliable ADAS & autonomous driving Today’s car architecture Enhanced connectivity Future proof technology Best-in-class EMC has been pushed to its and processing required to enable performance limits cap
Slide 10: Valens' VA7000 chipsets are gaining traction
Valens’ VA7000 chipsets are gaining traction Industry standard-setter Valens VA7000 Strong ecosystem Proven Progressing defining A-PHY connectivity an industry first momentum resilience towards mass expanding adoption successful production tests design wins 2020 2021 2021 2022 2023 Today Valens’ IEE
Slide 11: Three Automotive Design Wins from Leading European OEMs
Valens Semiconductor Announces Three Automotive Design Wins from Leading European OEMs for its VA7000 MIPI A-PHY Chipsets What does it mean for the industry What does it mean for Valens ▪ Answers the industry need for a standard ▪ Ramping up to over ten million dollars in annual for high-speed senso
Slide 12: Addressable market fueled by growing adoption of ADAS and autonomous driving
Valens’ addressable market will be further fueled by the growing adoption of ADAS and autonomous driving High-Speed Sensor Connectivity Today Future ADAS Automotive TAM (2028-2029) Level 2/2+ Level 3 Level 4 Level 5 >90 million cars1 are expected to be manufactured per year Feet Off Hands Off Eyes O
Slide 13: Maximizing ESG opportunities and managing ESG risks (FY2022 Report)
Maximizing Environmental, Social and Governance (ESG) opportunities and managing ESG risks (FY2022 Report) Mission ▪ Establish cutting-edge products that can power resilient, ultra-high- Key Accomplishments performance wired connectivity for automotive and audio-video markets Encouraging dialogue wi
Slide 14: UN sustainable development goals (SDGs)
UN sustainable development goals (SDGs) Valens Semiconductor’s core business and ESG strategies are applicable to the following SDGs: GOOD HEALTH AND WELL- INDUSTRY, INNOVATION & CLIMATE ACTION BEING INFRASTRUCTURE ▪ Help reduce the emissions and overall ▪ Key enabler of lifesaving ADAS ▪ Contribute
Slide 15: Third quarter financial highlights exceeds all guidance metrics
Third quarter financial highlights exceeds all guidance metrics Third Quarter 2024 vs. Third Quarter 2023 ▪ Revenue: $16.0 million ▪ Revenue: $14.2 million ▪ Gross margin: 56.4% (non-GAAP1: 60.7%) ▪ Gross margin: 58.9% (non-GAAP1: 61.1%) ▪ Net loss: $(10.4) million ▪ Net loss: $(12.5) million ▪ Adju
Slide 16: Committed to expansion across diverse verticals; Q4 2024 guidance
Valens is committed to expansion across diverse verticals with unparalleled connectivity solutions Our team delivered solid third quarter results reflecting strong execution Fourth quarter 2024 guidance1 by our team across both our automotive and audio-video businesses. We are especially excited abo
Slide 17: Valens Semiconductor: We push the boundaries of connectivity
Valens Large addressable Disruptive Semiconductor markets connectivity Automotive and various technology We push audio-video verticals Across our targeted markets the boundaries of connectivity. Everywhere. Industry standard Financial model setter Supported by a solid balance sheet At the forefront
Slide 18: Appendix
Appendix
Slide 19: Reconciliation of Net Loss to adjusted EBITDA
Reconciliation of Net Loss to adjusted EBITDA Three months ended September 30 2024 2023 Net Loss (10,355) (12,492) Adjusted to exclude the following: Change in fair value of Forfeiture Shares (3) (89) Change in earnout liability 264 - Financial income, net (1,885) (368) Income taxes 14 16 Equity in
Slide 20: Reconciliation for Non-GAAP Loss per share
Reconciliation for Non-GAAP Loss per share Three months ended September 30 2024 2023 GAAP Net Loss used for computing Loss per Share (10,355) (12,492) Earnings Per Share Data: GAAP Loss per Share (in U.S. Dollars) $(0.10) $(0.12) Weighted average number of shares and vested RSUs used in computing ne
Slide 21: Disclaimer
Disclaimer Forward-Looking Statements Certain statements in this presentation (this "Presentation") are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified
Slide 22: investors@valens.com
investors@valens.com 22