Slide 1: Tech that sees the human side of things
Tech that sees the human side of things
Slide 2: Well positioned for profitable growth
INVESTME NT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG TERM TIER 1 RELATIONS Series-production customer needs indust
Slide 3: Swedish tech company with patented waveguide technology
G AP W AV ES I N BRIEF Swedish tech company with patented waveguide technology What we do Markets Value chain position Our main TIER 2 SUPPLIERS focus Example companies Radars for Automotive and Mobility TIER 1 SUPPLIERS Example companies High-performance CAR antenna solutions Wireless communication
Slide 4: Q3 Highlights
Q3 Highlights 2024
Slide 5: Financial summary Q3 YTD
Q3 HI GH LI GH TS Financial summary Q3 YTD Net sales MSEK 40 Net Sales Net Sales 30 SEK 18.4 m SEK 48.5m 20 +160% y-o-y +133% y-o-y 10 0 Adjusted EBITDA* Adjusted EBITDA* Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 SEK -6.7 m SEK -24.3m 2020 2021 2022 2023 2024 +31% y-o-y +31% y-o-y *Adjus
Slide 6: Quarterly highlights
Q3 HI GH LI GH TS Quarterly highlights Revenue Growth New Market Opportunities ▪ 161% increase y-o-y, demonstrating ▪ Growing interest and traction in Intelligent strong momentum Transportation Systems (ITS), Smart City ▪ Continued growth and increased penetration solutions and Mobility segments wit
Slide 7: New joint development and supply agreement
AFTE R T HE EN D OF TH E PERIOD New joint development and supply agreement ▪ Development and large-scale serial production of waveguide radar antennas for ADAS applications ▪ Accelerated SOP (2025) ▪ First automotive antenna volume product for MLW technology ▪ Further strengthens Gapwaves automotive
Slide 8: Market potential
Market potential Automation drives radar growth
Slide 9: Regulation and consumer needs are strong drivers – Automation drives radar growth
M ARK ET P O TEN TI AL Regulation and consumer needs are strong drivers – Automation drives radar growth Market drivers Product impact Industry impact Automotive Radar forecast (million units) 350 > 3 radars NCAP1) Higher resolution Increasing demand per car 300 & Legislation & performance for Waveg
Slide 10: Business model and strategy
Business model and strategy We grow together with our customers
Slide 11: Scalable and flexible with minimal Capex
BUS INE SS M O DEL AN D STRAT EGY Scalable and flexible with minimal Capex Gothenburg SWEDEN Antenna design and development Tianjin European supply chain CHINA – Work in progress Prototypes Flex line Chuzhou CHINA Industrialization Production Lower volume production High-volume production Partners V
Slide 12: We grow together with our customers
BUS INE SS M O DEL AN D STRAT EGY We grow together with our customers Start of Prototypes Revenue Phase Design / NRE Agreement production Technology 1) delivery model (SOP) Phase 3 2024 IMW Royalty Phase 3 2024 IMW Product sales Phase 3 2024 MLW Product sales Phase 2 2025 MLW Product sales Phase 2 2
Slide 13: Strategic initiative
BUS INE SS M O DEL AN D STRAT EGY Strategic initiative To elevate in value chain and expand business opportunities ▪ 30% ownership in Sensrad AB ▪ Highly advanced radar sensor with new Gapwaves antenna technology ▪ Off the shelf radars and solutions ▪ Agreement with Tianyi (China) ▪ Caters to custom
Slide 14: Well positioned for profitable growth
INVESTME NT CASE SUMMARY Well positioned for profitable growth Strong market Strategic partner Established partnerships High-volume potential for customers with key industry players production Driven by regulation and From design and LONG TERM TIER 1 RELATIONS Series-production customer needs indust
Slide 15: Updated IR-website
EX PLORE MORE Updated IR-website Explore all updates on our website and let us know what you think! gapwaves.com/investors
Slide 16: For more information
CONTACT For more information Jonas Ehinger Robert Berhof CEO CFO jonas.ehinger@gapwaves.com robert.berhof@gapwaves.com
Slide 17: Q&A
Q&A
Slide 18: Thank you!
Thank you! Follow us Gapwaves AB (publ) Corp. Reg. No. 556840-2829 Headquarters: Nellickevägen 22 SE-412 63 Gothenburg, Sweden Tel: +46 31 762 60 40 E-mail: info@gapwaves.com www.gapwaves.com