Slide 1: Integrated Lidar and Software Solution for ADAS L3 and L2+
Integrated Lidar and Software Solution for ADAS L3 and L2+ M i c ro V i s i o n F Y 2 0 2 1 F i n a n c i a l re s u l t s a n d u p d ate February 24, 2022
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation of MicroVision, Inc. (“MicroVision,” “the Company,” “we,” or “our”), and any accompanying oral presentation, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exc
Slide 3: MicroVision Quarterly Update
MicroVision Quarterly Update ▪ Ongoing Engagement with OEMs and Tier 1s - Key differentiators for our product: - Highway Pilot capabilities with high resolution and low latency - Low system costs - Edge Computing powered proprietary software on custom ASIC ▪ Business Update - Highway Pilot feature t
Slide 4: MicroVision a High-Tech Software and Lidar Hardware Company
MicroVision a High-Tech Software and Lidar Hardware Company • Core technology developed and • Delivered technologies to • Established semi-conductor • Strong leadership roots delivered to U.S. military leading global tech giants partnership network Microsoft Uniquely positioned to win in ADAS Leadin
Slide 5: MicroVision's Solution Provides Compelling Advantages to OEMs
MicroVision’s Solution Provides Compelling Advantages to OEMs Superior Highway Pilot functionality Saved development cost & time • Capable up to 130km/h 1 2 • No training required for Lidar/radar • Fewer restrictions than existing systems sensor fused output • Reduced training requirements for OEMs
Slide 6: Focused on the ADAS Level 2+/3 Market
Focused on the ADAS Level 2+/3 Market Forecasted MicroVision SAM, vehicles produced with Lidar potential (millions) Growth drivers 20.0 17.2 3.9 ~100M1 ~$80B2 Rapidly decreasing cost and cumulative cumulative 14.3 3.4 higher scalability of Lidar-based potential Lidar potential revenue units opportun
Slide 7: Our Measures of Future Success
Our Measures of Future Success Cumulative metrics through 2030 Partnerships Sales Volume Revenue EBITDA 2+ OEMs ~25 – 30M+ ~$2 – $4B+ ~$1 – $2B units Source: IHS Markit, company estimates. EBITDA is a non-GAAP measure useful to management and investors as a performance measure and for comparison to
Slide 8: Our Unique Approach
Our Unique Approach MicroVision’s Offering How MicroVision Integrates into the ADAS Stack Lidar Radar Camera Ultrasonic High-fidelity Lidar Lidar, Custom ASIC and Inputs acts as primary source Software MicroVision with radar used for Sensor Fusion verification OEM Sensor Fusion Lidar and radar fused
Slide 9: Our Lidar Outperforms Others in the Market
Our Lidar Outperforms Others in the Market Data rate Frame latency Max field of Range Sun/Lidar Module Wavelength (pts/sec) (Hz) view (H x V)1 (m @ 10% refl.) interference cost2 (nm) Lowest while Example OEM specs ≥ 4,000,000 24 100° x 25° 200 Immune meeting spec. N/A 10,800,000 30 100° x 25° 220 Im
Slide 10: Highway Pilot feature track testing in Q2 2022
Highway Pilot feature track testing in Q2 2022 ▪ This is the next step to capitalize on the positive reception Blur out Jeep MicroVision has received from OEMs and Tier 1s ▪ Vehicles to be tested in both US & Germany ▪ Demo vehicles are intended to demonstrate the quality and feasibility of MicroVis
Slide 11: We Are Investing in State-of-the-Art Assets to Support our Continued Solution Buildout
We Are Investing in State-of-the-Art Assets to Support our Continued Solution Buildout Top-of-the-line laboratories and R&D infrastructure Leading tools for automation and reliability testing © 2021 MICROVISION, INC. ALL RIGHTS RESERVED. 10
Slide 12: Financial Results Overview
Financial Results Overview e MicroVision
Slide 13: 2021 Financial Results Highlights
2021 Financial Results Highlights ($ in millions) FY 2021 ▪ Revenue: License and royalty revenue of $2.5 million earned Income Statement under license agreements to our PicoP® scanning technology with License & Royalty Revenue $2.5 Microsoft. No cash was received for this royalty revenue as it was n
Slide 14: Key Investment Highlights
Key Investment Highlights Large SAM 1 Uniquely positioned to capture the cumulative potential revenue opportunity of $80 Billion through 2030 Best-in-Class Lidar Highway Pilot capabilities up to 130 km/h enabled by our MEMS-based Lidar and edge computing 2 1 Specifications with significantly reduced
Slide 15: Thank you
Thank you e MicroVision