Slide 1: Investor Presentation August 2024
Investor Presentation August 2024 1
Slide 2: Disclaimer
Disclaimer 2 All statements in this presentation, other than those relating to historical facts, are "forward-looking statements . ” Forward - looking statements contained in this presentation include, but are not limited to, statements regarding Gauzy’ Ltd . ’s (the “Company”) strategic and busines
Slide 3: Corporate Highlights
Corporate Highlights 3 (1) 2023 vs 2022 Source: Frost & Sullivan. 1. Rapidly growing light and vision control company, 59% year over - year - growth (1) 2. Addressing multiple TAMs in excess of $44B 3. Top tier customers with established relationships 4. Global, asset light operations approach poise
Slide 4: A Global Leader in Vision & Light Control
Manufacturing Sites Israel – Tel Aviv Pending Headquarters Tel Aviv, Israel Global Distribution (1) Tel Aviv Stuttgart Lyon Shanghai Guangzhou Dubai Singapore Seoul Montreal Dallas, TX Miami, FL Los Angeles, CA Melbourne, FL Salt Lake City, UT Unique Product Categories (1) Smart glass technologies G
Slide 5: Global Footprint
Global Footprint Office Sales representatives Select Partners Tel Aviv Global HQ & Production Strategically Close to Our Customers Montreal Sales CA Salt Lake City Sales & Marketing US Dallas US HQ Los Angeles Sales & Marketing US Miam i Sales & Marketing Melbourne Production US Singapore Sales SG S
Slide 6: Four Business Divisions Defined by Distinct End Markets
A rchitecture T echnologies including camera monitors systems, smart mirrors, safety doors and integrated LCG® Safety Tech Top Tier 1 vendor of custom and serial LCG® and traditional shading products for business and commercial aircrafts Aeronautics Gauzy Ltd. About Gauzy Source: Frost & Sullivan. I
Slide 7: Strong Adoption Trends Driving Outsized Growth Across Segments
18.5 29.7 35.6 1.8 3.4 10.4 12.6 11.5 20.2 33.8 39.2 $49.1 $77.9 $89.7 2022 2023 LTM Q2 2024 Aeronautics Architecture Automotive Safety Tech 43.7% 13.3% 3.4% 39.7% $ 89.8m Safety Tech TTM Q2 2024 Revenue Aeronautics Automotive Note: 2022A figures include Vision Lite results following the consummatio
Slide 8: Growing Profitability Driven by Operating Leverage and R&D Process Improvements
Growing Profitability Driven by Operating Leverage and R&D Process Improvements Gross Profit Margin (1) Adjusted EBITDA Margin ( 2 ) Note: 2022A figures include Vision Lite results following the consummation of its acquisition by Gauzy on January 22, 2022. LTM Q2 220 4 results are unaudited (1) Quar
Slide 9: Financial Highlights H1 2024
Revenue 9 $37.4 $49.1 H1 2023 H1 2024 YoY Growth +31.5% Gross Profit & Margin (1) $8.7 $12.8 H1 2023 H1 2024 +47.5% Adjusted EBITDA & Margin (2) ($9.7) ($8.6) H1 2023 H1 2024 +47.5% +31.5% YoY Growth Financial Highlights H1 2024 $ in millions Note: H1 results are unaudited (1) Gross profit margin re
Slide 10: Financial Highlights Q2 2024
Revenue 10 $19.9 $24.4 Q2 2023 Q2 2024 YoY Growth +22.4% Gross Profit & Margin (1) $4.0 $6.6 Q2 2023 Q2 2024 20.2% +64.0% Adjusted EBITDA & Margin (2) ($6.3) ($3.9) Q2 2023 Q2 2024 $ in millions +64.0% +22.4% YoY Growth Financial Highlights Q2 2024 Note: Q2 results are unaudited (1) Gross profit mar
Slide 11: Backlog Momentum
17.1 19.8 3.4 3.6 4.4 6.4 8.3 $26.9 $36.2 Q2 2023 Q2 2024 Aeronautics Architecture Automotive Safety Tech Backlog Momentum (2) (1) Defined as revenue from customers who were also customers in 2022 and earlier. (2) Revenue backlog is a key business metric that we define as booked orders based on purc
Slide 12: Innovations and Market Adoption Driving Strong Backlog
54.8% 10.0% 12.2% 23.0% $36.2m Key Market Adoption Updates Architecture Q2 2024 Backlog Aeronautics Automotive Safety Tech Innovations and Market Adoption Driving Strong Backlog 10 Q2 2024 Backlog (1) Market Share in Aircraft Cockpit Shading Systems for Commercial Airlines and Business Jets An incre
Slide 13: Strengthened Balance Sheet and Leverage Metrics
13 (1) Defined as the sum of short - term borrowing and current maturities of bank loan, short - term loan relating to factoring arrang ements and current maturities of long - term debt measured under the fair value option. (2) Defined as the sum of long - term debt measured under the fair value opt
Slide 14: Aeronautics
Aeronautics Passenger Experience Inflight entertainment systems or instant light control for comfort and ambiance via manual or crew controlled smart cabin systems and touch panels Shading and Privacy Create shading or opacity in windows and partitions providing privacy and precise light control wit
Slide 15: Aeronautics Market and Key Drivers
2023 Global TAM $0.6bn 2023E - 2028E TAM Growth CAGR (1) 6.4% Key Technologies PDLC / SPD / Traditional Shading Top Tier 1 vendor of custom and serial LCG® and traditional shading products for private and commercial aircrafts % of FY 2023A Gauzy Sales 43 % Key Drivers Airlines desire to differentiat
Slide 16: Automotive
Automotive Sustainability Reduce fuel consumption with thermal regulating materials while protecting interiors for durability Safety Block glare that affects visibility, enable privacy for security and communicate safety warnings Passenger Experience Support comfort and ambiance with on demand glass
Slide 17: Automotive Market and Key Drivers
Gauzy Ltd. About Gauzy Source: Frost & Sullivan. 17 2023 Global TAM $9.4bn 2023E - 2028E TAM Growth CAGR (1) 21.1% Key Technologies PDLC / SPD Serving automotive customers as a Tier 1/2 supplier with LCG® and transparent displays for vehicle glazing % of FY 2023A Gauzy Sales (2) 19% Key Drivers Acce
Slide 18: Architecture
Architecture Privacy & Shading LCG® switches from transparent to opaque for privacy and shading or an open atmosphere for instant light control and spatial agility Occupant Wellbeing A hygienic solution that provides thermal control, natural light and views while promoting productivity, focus and sl
Slide 19: Architecture Market and Key Drivers
2023 Global TAM $28.7bn 2023E - 2028E TAM Growth CAGR (1) 23.9% Key Technologies PDLC / SPD Interior and exterior LCG® for built spaces across sectors with over 75 certified fabrication partners % of FY 2023A Gauzy Sales (2) 19% Key Drivers Government tax incentives (e.g. Inflation Reduction Act and
Slide 20: Safety Tech
Safety Tech Safety Reduce on - road accidents between vehicles, pedestrians and objects with extended driver visibility and blind spot management Driver Experience Eliminate glare while reducing eye strain and fatigue with HD displays day or night High ROI Retrofitted for immediate use, low maintena
Slide 21: Safety Tech Market and Key Drivers
2023 Global TAM $5.6bn 2023E - 2028E TAM Growth CAGR (1) 21.5% Key Technologies ADAS / CMS / Driver Protection Doors Technologies including camera and motion sensor systems, smart mirrors, safety doors and integrated LCG® % of FY 2023A Gauzy Sales 38% Key Drivers Increased focus on safety from all s
Slide 22: Gers
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Slide 23: A Unique Set of Proprietary Technologies Backed by a Strong IP Portfolio
As of August 19, 2024, our exclusively – owned patent portfolio includes 141 issued patents, of which 18 are U.S. patents and the remaining are RoW In addition, the Company currently has 23 pending patents globally A Unique Set of Proprietary Technologies Backed by a Strong IP Portfolio Strong IP Po
Slide 24: Glossary of Terms
Definition Term Product that changes appearance and function in response to on/off electrical charges to conductive films or coatings Active Smart Glass A device that can deliver constant electricity to smart glass to switch appearance from transparent to tinted or opaque , with dimming capabilities
Slide 25: Historical Non-GAAP Reconciliations
Historical Non - GAAP Reconciliations Note: 2022A figures include Vision Lite results following the consummation of its acquisition by Gauzy on January 22, 2022. 25 Trailing 12 Months Ended June 30, 2023 2024 2023 2024 2022 2023 2024 Net loss (18,802) (23,087) (37,321) (36,334) (37,903) (79,267) (78