Weebit Nano Ltd. · ASX:WBT
Weebit Nano — Shareholder Meeting (November 2024)
30 slides from Weebit Nano's shareholder meeting presentation, Nov 27, 2024
Slide 1: 2024 Annual General Meeting – Chair Address and CEO Presentation
2024 Annual General Meeting – Chair Address and CEO Presentation 27 November 2024 – Weebit Nano Ltd (ASX: WBT, Weebit or Company), attaches the address to shareholders, which will be delivered by David (Dadi) Perlmutter at Weebit’s 2024 Annual General Meeting. This hybrid meeting will take place tod
Slide 2: Chair's Address
2024 ANNUAL GENERAL MEETING CHAIR’S ADDRESS Heading into calendar year 2025, the Board feels confident that Weebit Nano can deliver over the next 12 months. This is because Weebit has now tied its accountability to deliver on its commercial agreements to its performance. As outlined in today’s resol
Slide 3: Chair's Address (continued)
I would like to apologize to our loyal shareholders, as we did not manage to follow this raise with a Share Purchase Plan or an entitlement offer, as we always do. ASX regulation made it impossible, due to the strong placement pricing. The team’s commercial and technical progress over the last 12 mo
Slide 4: Accelerating Progress with Commercial Deals
For personal use only Accelerating Progress with Commercial Deals November 2024 Investor Presentation Annual General Meeting of Shareholders 2024
Slide 5: Introduction
For personal use only Introduction Weebit Nano Proprietary 2
Slide 6: Weebit: Leading Vendor of ReRAM IP
Weebit: Leading Vendor of ReRAM IP Advanced Non-Volatile Memory (NVM) Now Entering Production Multiple commercial deals For personal use only Founded: 2015 AU $1million revenues received Located: Israel & France Ongoing discussions & evals 50 personnel(1) (90% with >20 foundries/IDMs & product engin
Slide 7: Strong Board With World-renowned Semiconductor Industry Experience
Strong Board With World-renowned Semiconductor Industry Experience For personal use only David (Dadi) Perlmutter Dr. Yoav Atiq Raza Naomi Simson Ashley Krongold Coby Hanoch Nissan-Cohen NON-EXEC. NON-EXEC. NON-EXEC. CEO CHAIRMAN NON-EXEC. DIRECTOR DIRECTOR DIRECTOR DIRECTOR Copyright 2024 Weebit Nan
Slide 8: Strong & Experienced Management
Strong & Experienced Management For personal use only Coby Hanoch Ishai Naveh Ilan Sever Amir Regev Issachar Eran Briman Alla Felder CEO CTO VP R&D VP QUALITY & Ohana VP MARKETING & CFO RELIABILITY CRO BUSINESS DEV. Copyright 2024 Weebit Nano, Ltd. 5
Slide 9: Semiconductors Represent an Incredible Opportunity
Semiconductors Represent an Incredible Opportunity Semiconductors are everywhere, driving world markets For personal use only Most of the world’s top companies design or make semiconductors2 1. Microsoft 2. Apple 3. Nvidia 4. Alphabet 5. Amazon 6. Meta 7. TSMC 8. Berkshire Hathaway 9. Eli Lilly 10.
Slide 10: Investment in Semiconductors Ramping up Globally
Investment in Semiconductors Ramping up Globally A growing opportunity for IP solutions A record number of new fabs are coming Fab costs are skyrocketing; even the largest For personal use only online over the next couple of years1 product companies license IP and use foundries3 Samsung Taylor, 3nm;
Slide 11: Major Recent Corporate Advancements
Major Recent Corporate Advancements Driving Shareholder Value Creation For personal use only JUL AUG NOV JUN JUL OCT NOV 2023 2023 2023 2024 2024 2024 2024 GOVERNANCE GOVERNANCE FINANCE RESEARCH GOVERNANCE RESEARCH FINANCE Set up new Naomi Simson Received first IP MST access Yoav Nissan- Unified Cap
Slide 12: Recent Achievements
For personal use only Recent Achievements Weebit Nano Proprietary 9
Slide 13: The Transformation of the Embedded NVM Market
The Transformation of the Embedded NVM Market The market has transitioned over the last 1-2 years, and today it is clear to everyone that ReRAM is it! 2022 – The Transformation Begins For personal use only Automotive 2023 – Broadening Applications and Market Momentum MCU 28nm IoT & Mobile 2024 – A C
Slide 14: Continued Progress in Last Months
Continued Progress in Last 12 Months For personal use only NOV 2023 APRIL 2024 JULY 2024 Weebit ReRAM Demonstrated ReRAM Taped out ReRAM fully qualified module prototype on module in DB HiTek’s 125⁰C in GlobalFoundries 130nm BCD process SkyWater S130 22FDX® wafers FEB 2024 MAY 2024 AUG 2024 Demonstr
Slide 15: Secured A$50 Million via Underwritten Placement
Secured A$50 Million via Underwritten Placement Priced at a 6.5% premium to the 5-day volume-weighted average price For personal use only Underwritten placement to institutions and investors from Australia and abroad November 14, 2024 Underwritten to $47.4 million; balance being taken up by current
Slide 16: Proceeding Towards Qual with Second Foundry to Adopt Weebit ReRAM
Proceeding Towards Qual with Second Foundry to Adopt Weebit ReRAM A global top-tier foundry HQ in South Korea For personal use only One of world’s top-tier foundries for analog & power ICs Annual revenue of US$1.3 billion DB HiTek licensed Weebit ReRAM for customer integration Targeting 130nm
Slide 17: Weebit ReRAM on GF 22nm FD-SOI Wafers
Weebit ReRAM on GF 22nm FD-SOI Wafers Live demo of ReRAM module prototype on GlobalFoundries’ 22FDX® wafers Highlights some of the many advantages of Weebit ReRAM For personal use only E.g., scalability, low power, speed Shows ReRAM is a viable solution in this advanced geometry where embedded flash
Slide 18: IP Business Model – Foundries & Fabless
IP Business Model – Foundries & Fabless Benefits of IP Model Foundry Process IP Low COGS For personal use only Direct costs are License + NRE $ associated with supporting and maintaining IP $ Royalties $ No inventory $ $ $ Royalties High gross and Design IP Paid directly to Weebit operating margins
Slide 19: IP Business Model – Benefits with IDMs
IP Business Model – Benefits with IDMs IDMs design, manufacture and For personal use only $ Upfront license fees sell their own devices $ Enablement fee (NRE) Develop products quickly for target end markets IDM $ Royalties (% of chip ASP) Can integrate IP in multiple designs / products $ Annual S&M
Slide 20: Every Deal Represents Multiple Opportunities
Every Deal Represents Multiple Opportunities For personal use only FOUNDRY FOUNDRY Coming Coming Soon Soon IDM FOUNDRY Product Company Products/Product Lines Copyright 2024 Weebit Nano, Ltd. 17
Slide 21: Huge Opportunities Ahead
For personal use only Huge Opportunities Ahead Weebit Nano Proprietary 18
Slide 22: Addressing Fast-Growing Semiconductor Markets
Addressing Fast-Growing Semiconductor Markets >$200 Billion TAM in Customer Markets For personal use only Power Management ICs Automotive Semiconductors $61.7B by 2032 Mixed-Signal $84.3B by 2028 6.9% CAGR Power Management 11.9% CAGR Automotive IoT Microcontrollers IoT / MCUs Semiconductor Aerospace
Slide 23: The Growing Opportunity for ReRAM
The Growing Opportunity for ReRAM Embedded ReRAM growing rapidly across numerous applications 1,200 $1,000 Total Embedded ReRAM Market For personal use only $900 1,000 $800 $700 800 $600 Units: 75% CAGR 600 $500 Revenues: 177% CAGR 2023-2029 $400 400 $300 $200 200 $100 0 $0 2019 2020 2021 2022 2023
Slide 24: ReRAM to Drive Innovation for Edge AI and Future Neuromorphic Compute
ReRAM to Drive Innovation for Edge AI and Future Neuromorphic Compute CPU I/Os For personal use only CPU I/Os In-Memory-Compute System SRAM AI Engine CPU I/Os System SRAM NVM (ReRAM) AI Engine System SRAM SRAM Future ReRAM-based Neuromorphic AI Engine Computing ReRAM-based Near-Memory Systems: mimic
Slide 25: We've Got What it Takes
We’ve Got What it Takes State-of-the-art ReRAM requires intimate cooperation between the different disciplines For personal use only Precise characterization and rigorous testing ensure continuous improvements Device Test and characterization team enables fast adjustments higher reliability/yield
Slide 26: What's Coming Next?
For personal use only What’s Coming Next? Weebit Nano Proprietary 23
Slide 27: Progressing with Foundries, IDMs and Product Companies
Progressing with Foundries, IDMs and Product Companies In different levels of evaluation/negotiation with most of the top foundries and IDMs For personal use only Increasingly moving from technical Leading Foundries and Integrated Device Manufacturers* evaluations to business discussions Infineon Ma
Slide 28: Weebit Nano Key Targets Until End CY 2025
Weebit Nano Key Targets Until End CY 2025 For personal use only Fabs Products Qualification Three new Three new Complete licensing agreements with qualification at agreements product companies DB HiTek Delivering on these milestones will continue to cement Weebit’s position as the leading independen
Slide 29: Disclaimer
Disclaimer This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives
Slide 30: Thank You!
Thank You! www.weebit-nano.com For personal use only