Navitas Semiconductor Corporation · NASDAQ:NVTS

Navitas Semiconductor — Q4 2021 Earnings Presentation

17 slides from Navitas Semiconductor's earnings presentation, Mar 4, 2022

  1. Slide 1: Electrify Our World

    Electrify Our World ™ Navitas Corporate Update Nasdaq : NVTS Includes Q4’21 earnings report data © Navitas Semiconductor, file March 4th, 2022 ir@navitassemi.com

  2. Slide 2: Disclaimer

    Disclaimer 2-22-22 FORWARD-LOOKING STATEMENTS This presentation includes “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 by the use of words such as “es

  3. Slide 3: Disclaimer

    Disclaimer 2-22-22 FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES This presentation includes financial information and data which are unaudited and do not conform to Regulation S-X promulgated under the Securities Act of 1933, as amended. Accordingly, such information and data may not be include

  4. Slide 4: GaN Expected To Replace Silicon In Power Applications

    GaN Expected To Replace Silicon In Power Applications Up To Up To 20x 3x 40% 3x 3x 20% Faster Smaller & Energy Higher Faster Lower Switching Lighter Savings Power Density Charging System Cost Navitas GaN Is Empowering Efficiency In Industries Where Power Is Key(1) Note: Statistical data is based on

  5. Slide 5: Speed and Efficiency Drive Value

    Speed and Efficiency Drive Value Size, Weight Energy Savings 1.0x 40% Silicon GaN IC 0.6x GaN Discrete GaN 20% Discrete GaN IC Silicon 0.35x 100 kHz 1 MHz 85-90% 88-92% 90-95% (Switching Frequency) Speed Energy Efficiency GaN power ICs enable up to 3x smaller, lighter (1) GaN ICs save 40% energy (2)

  6. Slide 6: Critical Integration: GaN Discrete to GaN Power IC

    Critical Integration: GaN Discrete  GaN Power IC Passive GaN Discrete Components System GaN IC IC (MCM) 50W Passive 45W Components Speed Shrinks Passives System GaN Discrete IC in Multi-Chip- Module (MCM) GaN ICs 65 kHz 400 kHz Bobbin Transformer (23 mm thick) 6x Faster Planar Transformer (8 mm thi

  7. Slide 7: Fast Chargers: 2-3% of $2B Potential - Major Growth Ahead!

    Fast Chargers: 2-3% of $2B Potential - Major Growth Ahead! Tier 1 OEMs Aftermarket Examples 170+ 240+ 100% 35M+ Zero GaN Chargers In GaN Chargers Mobile OEMs Designing GaN ICs Shipped(1) GaN Field-Failures(1) Mass Production In Development With Navitas GaN ICs(2) © Navitas Semiconductor 2022 Note: #

  8. Slide 8: Fast… now Ultra-Fast Chargers

    Fast… now Ultra-Fast Chargers • New, fast-growth market: $1B TAM by 2025(1) • Full charge in <10 mins (150W), <20 mins (120W) • Require 2x or 3x GaN power ICs • PFC and DC-DC stages Xiaomi Note 11 Pro+, 120W vivo iQOO 9, 120W Realme GT Neo 3, 150W © Navitas Semiconductor 2022 (1) Navitas estimate

  9. Slide 9: Beyond Chargers: Expansion Markets

    Beyond Chargers: Expansion Markets Efficiency, Size, Weight Drive Adoption • Consumer • Solar Micro-inverters, String Inverters • Up to 3x smaller, • 25% cost reduction of micro-inverters(3) lighter, low-profile • Up to 40% energy savings Energy Storage • TV: UHD to 8K needs 4x power • Improve payba

  10. Slide 10: Accelerating Beyond Chargers

    Accelerating Beyond Chargers “Navitas Opens New “Navitas Opens World’s Design Center Focused First GaN IC Design on Enabling GaN-based Center Dedicated to Data-Centers” Electric Vehicles (EV)” (Hangzhou, China Dec’21) (Shanghai, China January ‘22) “Navitas Announces Over 40% of CES First-Time Availa

  11. Slide 11: #1 in Innovation

    #1 in Innovation •GaN IC inventor and pioneer •New generation every 10-12 months •Industry’s first 20-year warranty • Proprietary AllGaN™ Process Design Kit (PDK) • Gen 3 GaNSense™ in production •35,000,000 GaNFast ICs shipped • 145 patents (granted, pending) • High-power GaN ICs sampled in Q4’21 •

  12. Slide 12: High-Volume, Low-Cost, High-Reliability Manufacturing

    High-Volume, Low-Cost, High-Reliability Manufacturing Navitas’ 20+ years of GaN experience GaNFast Power ICs Solved complex issues with: • Manufacturing • Reliability • Materials • Capacity Tier-1, Low-Cost Packaging Standard, high-capacity • Cost GaN Epi Layer Low-cost, available Multi-sourced reac

  13. Slide 13: Electrify Our World

    Electrify Our World™ Every IC saves(3) 4 kg CO2 4x-10x lower component CO2 footprint than silicon(1) Industry’s first Sustainability Report to quantify the positive 28% lower lifetime CO2 footprint for chargers / adapters(2) impact of GaN on climate change based on global standards Accelerate transi

  14. Slide 14: 2021: Revenue +100%, Margin +13.7%

    2021: Revenue +100%, Margin +13.7% $11,000 55.0% $10,000 50.0% Revenue ($k per Quarter) $9,000 $8,000 45.0% Gross Margin (%) $7,000 40.0% $6,000 $5,000 35.0% $4,000 30.0% $3,000 25.0% $2,000 $1,000 20.0% $- 15.0% Q1'20 Q2 Q3 Q4 Q1'21 Q2 Q3 Q4 Q1'22 Q2'22 Q1'20 Q2 Q3 Q4 Q1'21 Q2 Q3 Q4 Q1'22 2022 Long

  15. Slide 15: Navitas Fundamentals

    Navitas Fundamentals • #1 Market share in a $13B market • Strong Financial Performance • 8/10 top mobile customers in production • 2x revenue 2021 to $23.7M #1 • 10/10 in development • Guiding 2x to 48M in ‘22 • Production designs +70% to 170+ • Gross margin +13.7% Developments +100% to 240+ • Guidi

  16. Slide 16: Thank You

    Thank You ir@navitassemi.com © Navitas Semiconductor 2022 15

  17. Slide 17: References to Slide 8 (Expansion Markets)

    References to Slide 8 (Expansion Markets) 1. Based on Navitas measurements comparing typical 150W 65 kHz Si-based AC/DC power adapter to 150W 1MHz GaN-based power adapter prototype. 2. Based on information provided to management by potential customers. 3. EnergySage Solar Marketplace, 2020. 4. Based

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