Airgain, Inc. · NASDAQ:AIRG
Airgain — Investor Presentation (May 2018)
21 slides from Airgain's investor presentation, May 30, 2018
Slide 1: Enabling High Performance Wireless Connectivity
Enabling High Performance Wireless Connectivity NASDAQ:AIRG © Copyright 2018 Airgain, Inc. All Rights Reserved. Investor Presentation May 2018 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future operating results, financial position and cash flows, our business strategy, our 2018 financial outlook, and plans
Slide 3: Who We Are
Who We Are Airgain is a leading provider of advanced antenna technologies used to enable high performance wireless networking across a broad range of devices and markets, including connected home, enterprise, automotive, and IoT. Connected Home, Enterprise, IoT Aftermarket Fleet, Public Safety, M2M,
Slide 4: Worldwide Engineering and Service Offerings
Worldwide Engineering and Service Offerings Scottsdale, AZ Design, manufacturing & sales office San Diego, CA Headquarters, sales & design offices London, UK Sales & design office Melbourne, FL Design office Suzhou, China Design Center Shenzhen, China Sales & design offices Seoul, South Korea Sales
Slide 5: Customers and partners
Airgain) ) ) 2 DIRECTV dish aruba Cal/Amp: Charter ve) tp-link Google swisscom AC CHINA TELECOM Quantenna (Comcast Fetes NASDAG:AIRG © Copyright 2018 Airgain, Inc. All Rights Reserved. 5
Slide 6: Global Megatrends – Connected Everything
Global Megatrends – Connected Everything By 2020 there will be close to 7 times the number of connected devices as people on the planet* *Source: PwC, Technological Breakthroughs: https://www.pwc.co.uk/issues/megatrends/technological-breakthroughs.html
Slide 7: Addressable Markets for Airgain (2017 to 2022 CAGR)
Addressable Markets for Airgain (2017 to 2022 CAGR) Sources: *ABIresearch Forecasts, 2016 Enterprise and Infrastructure 10% Auto 21% IoT 35% 15% Connected Home △ Machina Forecasts, 2016 △ △ * *
Slide 8: Airgain's Critical Position in Value Chain
Airgain continues to be the essential value-added partner that our customers rely on, and our strong reputation is highly valued within the customer ecosystem Airgain's Critical Position in Value Chain Engage OEMs & ODMs Influence Customers Partner Chipset Suppliers
Slide 9: Technology Tailwinds: Driving Our Existing Technologies and New Markets
Global engineering and solutions Technology Tailwinds: Driving Our Existing Technologies and New Markets An Expansive Landscape of New Wireless Standards and Applications with Global Opportunities We believe we are well positioned to take advantage of the anticipated growth in new markets. Connected
Slide 10: The Convergence of Wired + Wireless Data Speeds
Sources: 1-CableLabs / 2-Wi-Fi Findings by D-Link, September 2014 3-Cisco Router Switch Blog, October 17 / 4-ITU Report M.2410-0, November 2017 The Convergence of Wired + Wireless Data Speeds 3 1 1 1 2 4 4 2
Slide 11: The Connected Home Is Going from Wired to Wireless
Customers are demanding high throughput and complete wireless coverage, while providing wired quality of service Drivers of the Revolution Accelerating Broadband Speeds Multiple Devices OTT Potential U.S. subscriber units to be upgraded: 233 million* Multiple devices drive the need for high throughp
Slide 12: Enterprise, IoT & Infrastructure Connectivity
Enterprise, IoT & Infrastructure Connectivity *Sources: ABIresearch, 2016 Enterprise + Carrier Access Points 22M Access Points Projected by 2020* IoT: Connected Smart Home & Smart City Embedded and external connectivity solutions for low power wide area networking, such as NB-IoT and LoRa. Seemingly
Slide 13: Innovative Antennas Systems for Fleet Aftermarket Connectivity
21% CAGR for ‘17 – ’22 Projected 55M vehicles in 2020* Innovative Antennas Systems for Fleet Aftermarket Connectivity *Source: Machina Research IoT Forecast, 2016 AFTERMARKET Fleet Connectivity Mobile fleets require sophisticated rugged external solutions for data, video telematics and asset trackin
Slide 14: The Ubiquitous Connected Car
The Ubiquitous Connected Car 21% CAGR for ‘17 – ’22 Projected 100M cars in 2020* *Source: Machina Research IoT Forecast, 2016 OEM Connected Car Connected Cars require complex internal and external antennas for a complete solution In-car infotainment, gateways and driver interface Driver assistance a
Slide 15: 5G Systems – Antenna Complexity Increases Multifold
ENABLING WIRELESS MULTI GIGABIT THROUGHPUT OTA 5G Systems – Antenna Complexity Increases Multifold mmWave 24GHz – 100GHz Sub-6Ghz Femtocell (Gateway/Access Point) 5G Fixed Wireless (Point-to-Point) 5G Technology Enablers 5G Market Applications Massive MIMO with Active Antenna Systems 5G Spectrum Int
Slide 16: Revenues
Revenues Annual and Projected Revenue ($M) Quarterly Revenue ($M) 2015 2016 2017 2018 *based on 2018 annual growth guidance
Slide 17: GAAP Financial Model
December FY Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 2017 Q1 2018 Sales $8.5 M $9.9M $12.4M $12.6M $43.4M $11.3M $13.0M $12.4M $12.8M $49.5M $13.3M Gross Profit % of Sales 43.2% 46.1% 44.8% 43.4% 44.4% 47.0% 47.0% 48.4% 46.0% 47.1% 46.6% Operating Expenses $3.6M $3.6M $4.
Slide 18: Annual GAAP Financial Model & Targets
December FY 2015 2016 2017 2018 Guidance Sales $27.8M $43.4M $49.5M 20% Growth Gross Profit % of Sales 41.9% 44.4% 47.1% Operating Expenses $12.0M $15.8M $22.3M OpEx as a % of Sales 34.4% 36.4% 45.1% Operating Income -$0.3M $3.4M $1.0M Operating Margin -1.2% 7.9% 2.0% Annual GAAP Financial Model & T
Slide 19: Potential Growth Opportunities
Potential Growth Opportunities NEW PRODUCTS SaaS-based Wi-Fi monitoring solution for carriers NEW MARKET EXPANSION Automotive, enterprise and small cell LEVERAGE WINS IN EMERGING DEVICES Smart metering and IoT CREATE ADDITIONAL PULL FROM CARRIERS Demonstrate continued ROI of solutions to drive adopt
Slide 20: Investment Highlights
Investment Highlights Enabler in high performance antenna solutions for heterogeneous next-gen wireless devices and networks Growing addressable market, driven by proliferation of Wi-Fi connected devices, data intensive applications, streaming video and multiple connectivity standards for a “connect
Slide 21: Contact Us
Contact Us Anil Doradla CFO Alexis Waadt Director of Investor Relations investors@airgain.com Airgain, Inc. 3611 Valley Centre Drive Suite 150 San Diego, CA 92130