IonQ, Inc. · NYSE:IONQ
IonQ — Investor Presentation (March 2022)
20 slides from IonQ's investor presentation, March 2022
Slide 1: March 2022 Investor Updates
‘March 2022: lon The following presentation is subject to the legal disclaimer found on page 20
Slide 2: Our Mission
OUR/MISSION To build the world’s best quantum computers to solve the world’s most complex problems, transforming business, society, and the planet for the better.
Slide 3: Quantum Computing Is Now, and IonQ Is Leading the Way
Quantum Computing Is Now, and lonQ Is Leading the Way Best Measured Performance in Industry! Projected 2021 Contract Bookings? 3x Original Forecast 1 Based on publicly-available data as of September 10, 2021 $65B TAM By 20302 Large & Growing Market Opportunity Triple Expected Systems Online 2 Presci
Slide 4: Led by Industry Pioneers
Led by Industry Pioneers | |? v 0 ‘i ; j. Peter Chapman President & CEO Career began at 16 in MIT Al Lab under Marvin Minsky Led technology for Amazon's Prime division, 2014-2019 Innovator in financial, aviation, e-reader technology with several successful exits (Data Acquisition Systems, New Media
Slide 5: Pictured: IonQ Ion Trap Chip in Vacuum Package
PICTURED: IONQ ION TRAP CHIP IN VACUUM PACKAGE 5
Slide 6: Expected Phases of Quantum Computing Maturity
Expected Phases of Quantum Computing Maturity Boston Consulting Group Analysis Phase | Phase II Phase Ill Estimated Impact (Operating Income): Estimated Impact (Operating Income): Estimated Impact (Operating Income): $2-5 Billion $25-50 Billion $450-850 Billion Technical Barrier To Entry Technical B
Slide 7: Empowered by Unique Technological Advantages
Empowered by Unique Technological Advantages Phaze Individual atomic ion qubits in anion trap are superior to competing qubit platforms, creating the ability for lonQ to move farther, faster than the competition. ¢ Identical and naturally quantum * Perfectly isolated from environmental influences 26
Slide 8: IonQ vs Other Approaches: Error Correction Overhead
16:1' 1000:1 — 1,000,000:1° a IONQ Other Approaches 1 Estimate based on lonQ technical roadmap and experimental results recently published by lonQ founder Chris Monroe, advisor Ken Brown, and collaborators 21000:1 based on overhead for surface codes on a 2-D lattice. 1,000,000:1 based on linear conn
Slide 9: IonQ's Leading Modular Architecture
lonQ’s Leading Modular Architecture HEI Each Generation of lonQ Hardware is Getting Smaller & Cheaper to Build Google An IBM engineer working on the custom- Google rendering of a planned million- lonQ ion trap and vacuum chamber ina built dilution refrigerator casing for a physical-qubit system sing
Slide 10: Smaller Every Generation: Complete System
Smaller Every Generation: Complete System Phase 2016 2020 Current System Near Future Lab Scale’ Tabletop Benchtop 2 Rackmount? 1 The system pictured is an early trapped ion system from lonQ founder Chris Monroe's UMD lab. 2 The system picturedis a prototype developed at lonQ founder Jungsang Kim's D
Slide 11: Roadmap For Growth & Market Leadership
Roadmap For Growth & Market Leadership @ cotter Optimization @ Chemistry 1200 (3) Materials 3 1024 Tals (3) Machine Learning @) Faster Optimization 800 ‘@ 600 = 6 3 = 400 as = 256° S 200 =i 2 25 29 35 aad 0 a De as | 2022 2023 2024 2025 2026 2027 2028 Phase | Phase II Phase III Note Prepared on the
Slide 12: Investor Updates
Investor Updates March 2022
Slide 13: Record, Industry-Leading Algorithmic Qubits (#AQ)
Record, Industry-Leading 20 Algorithmic Qubits (HAQ) best — result is Indistingulshable ‘rom Ideal 2 a a te » » » 2 2 2 Pu ae ae os s s persen oie oi) 2 ate sso" 5 gu gs cout 5 o 3 3° 3. oot cose g 3 Fe 2 al a austen) 3 os || @ s s 3 ? on) s © 3 8 4] ge yorum B D ro 6 »4 bu woe 3 FS a of ey oO yo e
Slide 14: IonQ and Hyundai
lonQ and Hyundai Quantum Applications for Designing Next-Gen EV Batteries lonQ and Hyundai are partnering to create the largest battery chemistry model yet to be run on a quantum computer, laying thegroundwork to improve perfor and/s lith batteries , HYUNDAI 14
Slide 15: New Barium Based-Systems
New Barium Based-Systems Laying the Groundwork to Scale Quantum Key benefits of barium ions: Lower error rates Higher gate fidelity Better state detection Increased clock speed |terable, more reliable hardware More uptime for customers More easily networked systems Demonstrated Benefit on State Dete
Slide 16: Unique N-Qubit Quantum Gates
Unique N-Qubit Quantum Gates Only Available on lonQ and Duke Quantum Computers New method to perform the N-qubit Toffoli gate, amore efficient quantum.operation helpfulin : _ scaling and speeding up quantum algorithms Use Wete FS I. TF Xe 16
Slide 17: IonQ, Goldman Sachs, and QC Ware
lonQ, Goldman Sachs, and QC Ware Producing Superior Monte Carlo Simulations lonQ’s latest-generation system provided the first demonstration of quantum Monte Carlo simulation, paving the way for quantum enabled risk analysis and price simulation i cide mae, \ Wi, -117,643 “117,643 | N\A \ iV g My 32
Slide 18: Quantum Computing Is Now, and IonQ Is Leading the Way
Quantum Computing Is Now, and lonQ Is Leading the Way Best Measured Performance in Industry! Projected 2021 Contract Bookings? 3x Original Forecast 1 Based on publicly-available data as of September 10, 2021 $65B TAM By 20302 Large & Growing Market Opportunity Triple Expected Systems Online 2 Presci
Slide 19: Cautionary Notes
Cautionary Notes Forward Looking Statements This Presentation may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “believe,” “may,” “wil,” “estimate,” “continue
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