D-wave Quantum Inc. · NYSE:QBTS
D-wave Quantum — Roth Conference March 2024
25 slides from D-wave Quantum's conference presentation, Mar 18, 2024
Slide 1: Roth Conference – March 2024
QUANTUM Roth Conference – March 2024
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information express
Slide 3: This Is a Pivotal Moment
THIS IS A PIVOTAL MOMENT FROM EXPERIMENTATION TO OPERATIONAL USE FROM TOY PROBLEMS TO ENTERPRISE SCALE FROM POTENTIAL IMPACT TO QUANTIFIABLE ROI 3 COPYRIGHT © D-WAVE
Slide 4: Established Product Portfolio and Growing Commercial Adoption
ESTABLISHED PRODUCT PORTFOLIO: • World’s largest Quantum Computer • Accessible through production-grade cloud service • Demonstrated quantum supremacy GROWING COMMERCIAL ADOPTION: • 1st commercial Quantum Computing company • 30+ proven business use cases • Initial applications moving into production
Slide 5: Choosing the Right Quantum Technology: Annealing or Gate
CHOOSING THE RIGHT QUANTUM TECHNOLOGY ANNEALING OR GATE AN EASIER ON-RAMP TO QUANTUM COMPUTING ANNEALING Natively optimization Commercial today Employee Scheduling Autonomous Vehicle Routing Peptide Design Fraud Detection Patient Trial Optimization COMBINATORIAL OPTIMIZATION GATE-MODEL HIGHER INVEST
Slide 6: Quantum Supremacy on D-Wave Advantage2
QUANTUM SUPREMACY ON D-WAVE ADVANTAGE2TM 6 COPYRIGHT © D-WAVE • Classical computations performed on FRONTIER AND SUMMIT SUPERCOMPUTERS AT OAK RIDGE NATIONAL LAB • EXPONENTIAL ADVANTAGE over state-of-the-art classical techniques (tensor networks, neural networks, heuristics) • CLASSICAL COMPUTERS TOO
Slide 7: Leading the Commercialization of Quantum Tech
LEADING THE COMMERCIALIZATION OF QUANTUM TECH Experimental / Research Product Commercialization Gate-model Processors (all players) Annealing Processors (only D-wave) 2011 2015 2018 20192010 20202012 2013 2014 2016 2017 2021 2022 2023 2024E 2025E 2026E 2027E 2028E 2029E 2030E & Beyond Transition fro
Slide 8: D-Wave Value Proposition
D-WAVE VALUE PROPOSITION D-Wave’s quantum computing solutions solve highly complex computational problems that deliver tangible business outcomes such as lower costs, increased operational efficiency, and increased revenue opportunities EVOLUTIONARY APPLICATIONS Faster, more accurate and less expens
Slide 9: Value Creation Through Ongoing Introduction of New Use Cases
VALUE CREATION THROUGH THE ONGOING INTRODUCTION OF NEW USE CASES BQM, DQM, CQM Solvers Next-gen Solver 2 Universal Solvers 3, … Platform Innovation O pp or tu ni ty 2023 20262024 20… Workforce Scheduling Job Shop Scheduling Vehicle Routing Scheduling & Routing Wireless Infrastructure Optimization Ne
Slide 10: Notable Customer Engagements
NOTABLE CUSTOMER ENGAGEMENTS 10 COPYRIGHT © D-WAVE • Canada’s largest western food and health product provider deploying quantum hybrid applications • E-commerce scheduling application now in production, serving over 100 stores • Reduced scheduling from 80 hours to 15 hours weekly, an 80%-TIME SAVIN
Slide 11: Two Technology Leaders Partnering to Deliver Quantum Generative AI
TWO TECHNOLOGY LEADERS PARTNERING TO DELIVER QUANTUM GENERATIVE AI • MULTI-YEAR STRATEGIC PARTNERSHIP to develop and bring to market commercial applications combining the power of quantum + generative AI • ACCELERATED DEVELOPMENT TIMELINE supported by access to production Leap Services including hyb
Slide 12: Shaping Government Quantum Programs
SHAPING GOVERNMENT QUANTUM PROGRAMS FOR INCLUSIVITY AND NEAR-TERM APPLICATION SUPPORT NATIONAL DEFENSE AUTHORIZATION ACT (NDAA) • Now includes annealing, gate model and hybrid • Tasks DoD with creating near-term quantum application pilot program NATIONAL QUANTUM INITIATIVE (NQI) • Includes near-term
Slide 13: Advantage2 System: A Giant Step in Performance
ADVANTAGE2 SYSTEM WILL FEATURE: • HIGHER CONNECTIVITY (degree 20) architecture • HIGHER COHERENCE IC fabrication process • 7000+ QUBIT QPU EARLY BENCHMARKS DEMONSTRATE: • Doubled coherence time for faster time-to-solution • 10x increase with error mitigation techniques • More than 40% increase i
Slide 14: Software Advancements for Accelerating Quantum Commercialization
SOFTWARE ADVANCEMENTS FOR ACCELERATING QUANTUM COMMERCIALIZATION Only quantum computing service with REAL-TIME ACCESS Continuing to harden LeapTM Service for GROWING SET OF PRODUCTION APPLICATIONS PRODUCTION LEADERSHIP Powerful combination of CLASSICAL AND QUANTUM RESOURCES Rapidly adapting to SUPPO
Slide 15: Patent Portfolio
• 220+ US granted patents • 200+ granted and pending patents worldwide (non-US) 60%+ OF THE PORTFOLIO applies to both gate model and annealing quantum computing Portfolio covers hardware and software, including systems, qubits and other devices, fabrication, architecture, system software, cryogenics
Slide 16: Capitalizing on Tailwinds
CAPITALIZING ON TAILWINDS VERTICALIZATION GOVERNMENT LEGISLATION SUPREMACY 16 COPYRIGHT © D-WAVE
Slide 17: Q3 Financial Update
Q3 FINANCIAL UPDATE $- $2 $4 $6 Prior LTM Most recent LTM M IL LI O N S 73 Commercial Customers 76 Commercial Customers $- $1 $2 $3 $4 Q3 2022 Q3 2023 M IL LI O N S Quarterly Bookings (1) $1.9M $2.9M $- $1 $2 $3 Q3 2022 Q3 2023 M IL LI O N S Quarterly Revenue $1.7M $2.6M Prior LTM Most recent LTM (1
Slide 18: Quantum
QUANTUM 18 COPYRIGHT © D-WAVE
Slide 19: Management Team
MANAGEMENT TEAM ALAN BARATZ, PhD CHIEF EXECUTIVE OFFICER JOHN MARKOVICH CHIEF FINANCIAL OFFICER DIANE NGUYEN GENERAL COUNSEL 35 years of technology leadership experience. CEO of D-Wave since January 2020. Previously was the head of R&D and Chief Product Officer. Serial CEO, VC, first president of Ja
Slide 20: D-Wave's Unique Advantages
D-WAVE’S UNIQUE ADVANTAGES ADVANTAGE SYSTEM: WORLD’S MOST POWERFUL QUANTUM COMPUTER Proven coherent quantum annealing leading to first practical demonstration of quantum supremacy 20+ successful POCs with demonstrated ROI LEAP REAL-TIME QUANTUM CLOUD SERVICE Leap service provides immediate access to
Slide 21: Focus on Logistics and Manufacturing Followed by AI/Machine Learning
FOCUS ON LOGISTICS AND MANUFACTURING FOLLOWED BY AI/MACHINE LEARNING * = in development LOGISTICS Vehicle Routing Employee/Crew Scheduling Shipping Container Logistics Farm to Market Food Delivery $50-100B Value creation potential [1] Source: [1] BCG (2023) [2] GlobeNewswire (2022) AI/MACHINE LEARNI
Slide 22: Prioritizing Verticals and Use Cases
PRIORITIZING VERTICALS AND USE CASES RESOURCE ALLOCATION JOB SHOP SCHEDULING FACTORY PLANNING RESOURCE SCHEDULING VEHICLE ROUTING LABOR ALLOCATION KEY VERTICALS USE CASES 22 COPYRIGHT © D-WAVE
Slide 23: Commercial Momentum & Wins
COMMERCIAL MOMENTUM & WINS M O V I N G I N T O P R O D U C T I O N POC DEVELOPMENT PRODUCTION DEPLOYMENT 23 COPYRIGHT © D-WAVE
Slide 24: Production-Grade Reliability Reflects Our Commercial Maturity
PRODUCTION-GRADE RELIABILITY REFLECTS OUR COMMERCIAL MATURITY Focused on delivery of secure, reliable, and production-grade quantum tech stack at scale and across geographies to support customers’ production deployments • Introduced new administration features that give customers the ability to mana
Slide 25: Patent Portfolio Highlights
PATENT PORTFOLIO HIGHLIGHTS Annealing Only 33% Gate Only 3% Both Gate and Annealing 61% Worldwide Patent Assets Applications Fabrication 10% Middleware 15% 10% Worldwide Patent Assets Processor 53% Examples of Valuable Patent Coverage: Both Gate and Annealing: Fabrication Techniques Hybrid Problem M