Gapwaves Ab Class B · OMXSTO:GAPW_B
Gapwaves Ab Class B — Q3 2023 Earnings Presentation
13 slides from Gapwaves Ab Class B's earnings presentation, Nov 3, 2023
Slide 1: Tech that sees the human side of things
Tech that sees the human side of things 1 2023-11-03
Slide 2: Gapwaves at a glance
Gapwaves at a glance Waveguide antenna Listed on solutions and 4D Nasdaq First North imaging radars in Nov 2016 Founded by Prof. Kildal, Chalmers Univ of Headquartered in Technology Established Gothenburg, supply chain Strong patent position on Sweden qualified for Gapwaveguide technology automotive
Slide 3: Q3 2023 Summary
Q3 2023 Summary Significant events Q3 New patented technology introduced - MLW New collaboration with NXP Semiconductors New order from undisclosed European Tier 1 New order from Hella 3 2023-11-03
Slide 4: Q3 Financial summary
Q3 Financial summary Impacting EBITDA Net Sales 35 000 Net sales SEK 7.0m (30.9) 30 000 Lower sales • No License agreement 25 000 • No sale of production Adjusted EBITDA* equipment SEK -9.6m (6,3) SEK in thousands 20 000 • Slowdown in tech- 15 000 segment (mobility) Net Cash Personnel costs 10 000 •
Slide 5: New technology
New technology Unveiled Multi-Layer Waveguide (MLW): Innovative design and manufacturing concept Pushing the boundaries • Solving current waveguide limitations • Unprecedented new features Validated by leading TIER-1 customers Available now Undisclosed Tier1
Slide 6: Waveguide types
Waveguide types Typical WG Typical GWG MLW 2 metallized plastic, soldered 1 metallized plastic + 1 sheet metal, 3 sheet metal, assembled assembled - Bulky and sensitive + Extremely low profile - Soldering and nonflexible + Low profile + Very fast manufacturing + Robust, simple assembly and + No size
Slide 7: NXP collaboration
NXP collaboration Released two radar demonstrators with NXP Semiconductors GWG MLW Dimensions ~ 70 x 70 mm Stack up 1 core + 1 sheet 3 sheets Thickness 4.5 mm with spacer 1 mm (3 with spacer) Frequency 76 – 81 GHz Interface NXP LiP Smart TRX Channels 4 TX, 4 RX Gain ~ 10.5 dBi ~11 dBi FoV ±160°, ±19
Slide 8: Overview selected customer engagements
Overview selected customer engagements Prototypes Revenue Design / NRE Agreement SOP Technology delivery model 2024 IMW Royalty 2024 IMW Royalty 2026 MLW Supply 2024 IMW Supply 2026 MLW Supply Undisclosed Tier1 2024 MLW Supply IMW: Injection Molded Waveguide MLW: Multi Layer Waveguide 8 2023-11-03
Slide 9: Hella business case
Hella business case Awarded Indicative Radar type(s) OEM volumes Imaging radar GenY • Recurring NRE Supply Sensor family GenX of – Corner, Front • Prototype sale antennas & HRR radar SOP • Recurring NRE Royalties Sensor family Several 100-150 Gen7 • Prototype sale – Corner, Front RFQs million • Prod
Slide 10: Gapwaves 2025
Gapwaves 2025 Antenna Supplier Technology Business Area provider Antenna Gapwaves Antennas + Leverage from our antenna position, Increased value creation as a supplier of antennas today – Complete favorable market trends and complement with complete sensor offering Antennas Radar sensor Antenna Busi
Slide 11: Strategy towards attractive value chain position in new market segments outside automotive
Strategy towards attractive value chain position in new market segments outside automotive • Gapwaves investment in Sensrad AB, ownership of 30% – intention to acquire a majority stake in 2024 • Hugin Radar Sensor prototypes (+200) delivered to several customers globally • New sensor will be launche
Slide 12: Sensrad application areas and potential end-customers
Sensrad application areas and potential end-customers Autonomous & Mobility Infrastructure/Static Off Road & Heavy Duty Smart Cities Last Mile Delivery, Material handling Surveillance Robotaxi, Agriculture etc. Airports 12 2023-11-03
Slide 13: Jonas Ehinger, CEO
Jonas Ehinger, CEO • Redeye Autotech, replay available on Redeye.se • Stora Aktiedagen, 6 November 2023, 12.10 pm, Gothenburg • Live Q&A session, 9 November 2023, 9.30 am, Finwire • SEB Nordic Seminar in Copenhagen, 8-10 January 2024