Slide 1: A Bright Future for AEye
A Bright Future for AEye May 2025
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward - Looking Statements This presentation of AEye, Inc. (“AEye” or the “Company”) includes statements that are not historical facts, but rather are f orw ard - looking statements within the meaning of the federal securities laws, including safe harbor provisions under the U.S. Privat
Slide 3: Forward-Looking Statements and Financial Information
Readers are cautioned not to put undue reliance on forward - looking statements; AEye assumes no obligation and does not intend to update or revise these forward - looking statements, whether as a result of new information, future events, or otherwise. AEye gi ves no assurance that AEye will achieve
Slide 4: We Urge Our Stockholders to Vote the WHITE Proxy Card
We Urge Our Stockholders to Vote the WHITE Proxy Card Management Recommendation FOR Proposal 1: Reelect Class I directors, Timothy Dunn and Sue Zeifman FOR Proposal 2: Ratify KPMG LLP as our public accountant FOR Proposal 3: Approve an increase in the number of shares of common stock issuable under
Slide 5: Protect AEye & Your Investment
Protect AEye & Your Investment We believe that a vote for AEye’s highly qualified, independent director nominees, Timothy Dunn and Sue Zeifman, is in the best interest of the Company and ALL stockholders. • Strategic Turnaround & Strong Execution : Since 2023, our Board and leadership team have revi
Slide 6: Current Leadership has Repositioned AEye for a Bright Future
Current Leadership has Repositioned AEye for a Bright Future Positioned AEye to take advantage of the huge market opportunity in ADAS, working with industry leaders like Nvidia Created a partnership with a top - tier manufacturing partner to ensure productization is on - time and on - budget Created
Slide 7: Matt Fisch is Critical to the Success of AEye's Next Phase of Growth
• Matt Fisch is Critical to the Success of AEye's Next Phase of Growth Since Mr. Fisch’s appointment in 2023, AEye has: x Accelerated Development of and Released Apollo , which is expected to be a game - changing lidar product that will leapfrog the competition x Created partnerships with top - tier
Slide 8: Our Board Nominees are Highly Qualified to Oversee and Lead AEye
• Our Board Nominees are Highly Qualified to Oversee and Lead AEye Mr. Dunn has a track record of operational excellence from his 15+ years at TPG as an operating partner in the technology space • Former CFO of Hotwire and finance and strategic roles at Gap, Inc. and PepsiCo Inc. • Senior executive
Slide 9: Our Board and Management Remain Aligned with ALL Stockholders
Our Board and Management Remain Aligned with ALL Stockholders 24 - Mar - 24 4 - Apr - 25 Dissident Luis Dussan has sold 51.2% of his position since March 2024 Over the same period, our Board and management have demonstrated their continued commitment to providing long - term value to, and aligning t
Slide 10: Commitment to Ongoing Board Refreshment to Meet AEye's Needs
• Commitment to Ongoing Board Refreshment to Meet AEye's Needs Our Board is committed to thoughtful and continuous Board refreshment to meet the evolving needs of AEye • As part of this process, we have appointed 4 new directors since 2022 who bring valuable skills and experience to AEye 2022 2023 2
Slide 11: Making Stockholders Aware of the Facts About the Dissident Group's Claims
Making Stockholders Aware of the Facts About the Dissident Group's Claims The Facts About The Dissidents’ Claims The Dissidents Group’s Claims The Dissident Group: » Has presented no credible plan for the future of AEye » Has, in their prior roles as executives and board members of the Company, made
Slide 12: The Dissident Group Nominees are Not Qualified to Lead AEye
The Dissident Group Nominees are Not Qualified to Lead AEye Certain members of the Dissident Group, as former executives and board members of AEye, made decisions that lead to current challenges that are being resolved by our current Board & management Weak Track Record of Dissident Group ❌ In the 1
Slide 13: Dissident Proposals are Not in the Interests of All Stockholders
Dissident Proposals are Not in the Interests of All Stockholders Management’s Rationale for Opposing the Proposal Management Recommendation • Our current Board structure provides a balanced governance framework for the Company’s current maturity • Our current Board structure provides stability and c
Slide 14: We Urge Our Stockholders to Vote the WHITE Proxy Card
We Urge Our Stockholders to Vote the WHITE Proxy Card Management Recommendation FOR Proposal 1: Reelect Class I directors, Timothy Dunn and Sue Zeifman FOR Proposal 2: Ratify KPMG LLP as our public accountant FOR Proposal 3: Approve an increase in the number of shares of common stock issuable under
Slide 15: Your Vote is Important!
YOUR VOTE IS IMPORTANT! Your vote is important, and we ask that you please vote “FOR” the election of our two Board nominees, Timothy J. Dunn and Sue E. Zeifman, “FOR” Proposals 2 and 3, and “AGAINST” all the stockholder proposals submitted by the Dissident Group using the WHITE universal proxy card
Slide 16: Thank you
BAEYeE. Thank you LIDR N Nasdaq
Slide 17: Vote the WHITE proxy card today
x We are at a pivotal moment in our growth trajectory because of disciplined execution under our current Board and management team x We have never been more optimistic about AEye’s bright future x Our highly - qualified and proven Board nominees are integral to AEye’s success × The Dissident Group i
Slide 18: Your Vote is Important
Your vote is important, and we ask that you please vote “FOR” the election of our two Board nominees, Timothy J. Dunn and Sue E. Zeifman, “FOR” Proposals 2 and 3, and “AGAINST” all the stockholder proposals submitted by the Dissident Group using the WHITE universal proxy card. You can vote your shar