Slide 1: Valens Semiconductor (NYSE:VLN) February 2024
Valens Semiconductor (NYSE:VLN) February 2024
Slide 2: We Push the Boundaries of Connectivity. Everywhere.
We Push the Boundaries of Connectivity. Everywhere. WW V
Slide 3: A leader in high-performance connectivity
A leader in high-performance connectivity, transforming the digital experiences of people worldwide. Valens Semiconductor’s chipsets are powering state-of-the-art audio-video installations, next- generation videoconferencing, and enabling the evolution of Artificial Intelligence, ADAS and autonomous
Slide 4: Valens Semiconductor at a glance
Multi-Billion Disruptive Addressable Connectivity Market Technology Valens in automotive with 15+ year track Semiconductor (ADAS 1 , AD 2 ) and diversified audio- record of standard setting innovation video verticals at a glance Broadly Deployed Fortress Balance across a variety of Sheet $142M Cash
Slide 5: Growing diversity and business opportunities in audio-video connectivity
Growing diversity and business opportunities in audio-video connectivity Powering millions of products globally Video conferencing Industrial Medical imaging Command and control in corporations and signage education Providing seamless video- Industry 4.0 increasingly relies Integrated in diagnostic
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: Florida modernizes classrooms in school district
Florida modernizes classrooms in school district with over 330,000 students ▪ Part of an awarded Elementary and Secondary School Emergency Relief (ESSER) Funded Conference Cameras initiative, and county's 2021-2026 Strategic Plan ▪ Prepare for and avoid future closures of schools (K-121) and enable
Slide 9: 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 10: 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 11: Future proof connectivity technology with a holistic offering
Valens provides a future proof connectivity technology, and is well-positioned with a holistic offering Symmetric Data Connectivity (ECU to ECU) Infotainment & Telematic Units (2Gbps VA6xxx chipset family) A-PHY standard adoption: Non-Symmetric Video Connectivity (Sensor to ECU, ECU to Display) ADAS
Slide 12: Valens' first generation VA6000 validated by automotive leaders
Valens’ first generation VA6000 validated by automotive leaders The only multi-gig solution over unshielded cables converging Ethernet, USB and other interfaces over a single cable. Enabling superior infotainment connectivity in Mercedes vehicles ▪ On the road and fully operational with VA6000, 1st-
Slide 13: VA6000 & VA7000-based chipsets tackle visibility issues
VA6000 & VA7000-based chipsets robust solutions tackle visibility issues Connectivity solutions designed to improve visibility and safety through unparalleled combination of bandwidth and link distances for the trucking market. We are solving a critical safety hazard for drivers and fleets and reduc
Slide 14: 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 15: 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 Video Connectivity Today Future ADAS1 Automotive TAM (2025-2026) Level 2/2+ Level 3 Level 4 Level 5 >90 million cars2 are expected to be manufactured per year Feet Off Hands Off Eyes O
Slide 16: 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, Key Accomplishments ultra-high-performance wired connectivity for automotive and audio-video markets Encouraging dialogue wit
Slide 17: 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 18: Fourth quarter financial highlights
Fourth quarter financial highlights positive net income and adjusted EBITDA Fourth quarter 2023 vs. Fourth quarter 2022 ▪ Revenue: $21.9 million ▪ Revenue: $23.5 million ▪ Gross margin: 61.7% (non-GAAP1: 63.1%) ▪ Gross margin: 68.3% (non-GAAP1: 69.2%) ▪ Net income (loss): $2.8 million ▪ Net income (
Slide 19: Full year financial highlights fortress balance sheet
Full year financial highlights fortress balance sheet Full year 2023 vs. Full year 2022 ▪ Revenue: $84.2 million ▪ Revenue: $90.7 million ▪ Gross margin: 62.5% (non-GAAP1: 63.9%) ▪ Gross margin: 69.9% (non-GAAP1: 70.7%) ▪ Net income (loss): $(19.7) million ▪ Net income (loss): $(27.7) million ▪ Adju
Slide 20: Valens remains focused on execution; Q1 2024 guidance
Valens remains focused on execution and on capitalizing on the great opportunities we see ahead Valens Semiconductor remains focused on execution and on capitalizing on the great opportunities we see ahead in the markets First quarter 2024 guidance1 that offer the best growth. In 2024, we will conti
Slide 21: 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 22: Appendix
Appendix
Slide 23: Reconciliation of net loss to adjusted EBITDA
Reconciliation of net loss to adjusted EBITDA Three months ended Full year ended December 31, December 31, 2023 2022 2023 2022 Net Income (Loss) 2,790 (7,317) (19,661) (27,667) Adjusted to exclude the following: Change in fair value of Forfeiture Shares (95) 865 (1,713) (2,907) Financial expense (in
Slide 24: 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 25: investors@valens.com
wa investorsQ@valens.com