Slide 1: Investor Presentation
Investor Presentation May 2023 Atomera Incorporated 1
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements concerning Atomera Incorporated (““Atomera,” the “Company,” “we,” “us,” and “our”). The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” and s
Slide 3: Investment Overview
Investment Overview ► Mears Silicon Technology (MST ®) is a thin film used to enhance semiconductors ▪ Results in higher performance, lower power, and lower costs for ICs ► Capital-light IP and technology licensing business ► Engaged with 50% of world’s top semiconductor makers ► Licenses with five
Slide 4: MST Technology
MST Technology Potential Benefits ► Improved Efficiency ▪ Higher transistor performance ▪ Lower power consumption ▪ Better reliability ► Lower cost ▪ Reduced die size ▪ Improved yield ▪ Higher throughput ► Same benefits as a node shrink Atomera Incorporated 4
Slide 5: Target Customers & Partners
Target Customers & Partners Integrated Device Manufacturers Foundry Fabless Tool Suppliers (Partners) Atomera Incorporated 5
Slide 6: Customer Engagement & Revenue Model
Customer Engagement & Revenue Model v Customer Wafer Manufacturing Atomera MST® Deposition Customer MST® Deposition 1. Planning 2. Setup 3. Integration 4. Installation 5. Qualification 6. Production Phase Engineering Service • MST deposition on customer wafers Fees • Integration consulting • Integra
Slide 7: Atomera Incorporated
ky | is life.augmented ato Mefa
Slide 8: ST Path to Production
ST Path to Production Customer Wafer Manufacturing Atomera MST ® Deposition Customer MST® Deposition Planning Setup Integration Installation Productization Qualification Production Phase Integration Manufacturing Distribution License License License Royalties Fee Fee Fee Complete Atomera 8
Slide 9: Customer Pipeline
Customer Pipeline v Customer Wafer Manufacturing Atomera MST® Deposition Customer MST® Deposition Phase 1. Planning 2. Setup 3. Integration 4. Installation 5. Qualification 6. Production • 20 customers, 26 engagements • 10 of the top 20 (IC Insights, McClean Report 2022) • Working with 50% of the wo
Slide 10: MST Key Benefits Across Nodes
MST Key Benefits Across Nodes Leading Analog & Mainstream FinFET GAA RF SOI Planar Mobility 8% 20% 25% 10% 15+% Dopant Engineering 20% 15% 15% 15% 20% Reliability (TDDB/BTI) 25% 25% 25% 25% 180nm 130nm 90nm 65nm 40nm 28nm 22nm 16/14nm 10nm 7nm 5nm 2nm These Benefits are ADDITIVE & COMPLEMENTARY to o
Slide 11: MST technology focus areas
MST technology MST-SP focus areas MST for RF-SOI MST for Advanced Nodes Atomera 11
Slide 12: MST-SPX targeting power devices
MST-SPX targeting power devices ► Targets higher voltage (5-40V) product area Rsp vs. BVdss ► Strong customer demand for solutions Rsp vs. BV Plot Si control ► MST brings significant improvement Si control ▪ Early results showing gains in many areas 38% MST Better -38% ▪ Allows manufacturers to shri
Slide 13: MST: Solving GAA Transistor Challenges
MST: Solving GAA Transistor Challenges ► Blocks source/drain dopant diffusion ► Lowers contact resistance ► Provides enhanced punch-through stop ► Reduces HKMG stack height layer between source and drain ► Improves carrier mobility, gate leakage Transistor Architectural Evolution Atomera Incorporate
Slide 14: Royalty Opportunity
Royalty Opportunity ► ~410 wafer fabs operating worldwide ► Adoption of MST in one fab can make Atomera profitable from royalties alone ▪ 2023 non-GAAP OPEX guidance is $16.25M - $16.75M Example 1 | Worldwide Average Fab Example 2 | Leading Foundry, 28nm Fab Monthly Fab Capacity 1 Monthly Fab Capaci
Slide 15: MST Customer Business Opportunity
MST Customer Business Opportunity ► Foundry economics Wafer GM$ MST Wafer Price GM% Increase Royalty Cost 28nm HP wafer $ 3,300 45% $ - $ - $ 1,815 28nm HP+ wafer $ 3,450 45% $ 68 $ - 5% higher price for +15% performance boost 28nm HP wafer with MST $ 3,600 47.0% $ 208 $ 72 $ 1,907 30% performance b
Slide 16: Financial Review
Financial Review Income Statement Three Months Ended ($ in thousands, except per-share data) March 31, 2023 December 31, 2022 March 31, 2022 REVENUE $ - $ 5 $ 375 Gross Profit - 5 294 OPERATING EXPENSES Research & Development 3,036 2,523 2,339 General and Administration 1,742 1,559 1,648 Selling and
Slide 17: Summary
Summary ► High margin, recurring revenue financial model ► Strong technology, patent position, and balance sheet ► Traction with many top industry players and growing licensee base ► Ramping commercial license revenues Atomera Incorporated 17
Slide 18: Thank You
Thank You Atomera Incorporated 18