Slide 1: IonQ Investor Updates
IonQ Investor Updates August 2024 1 IonQ Investor Updates © 2024 IONQ
Slide 2: Cautionary Notes
Cautionary Notes This presentation contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," “can,
Slide 3: Our Goal: Build the World's Best Quantum Computers
Our Goal: Build the World’s Best Quantum Computers to Solve the World’s Most Complex and Impactful Problems. 3 IonQ Investor Updates © 2024 IONQ
Slide 4: The Quantum Revolution is Here, with IonQ Leading the Pack
The Quantum Revolution is Here, with IonQ Leading the Pack $65B $402M TAM By 2030 2 Cash Balance 3 Met 2024 Technical Large & Growing Capitalized to Premier Partners Scaling Goal Market Opportunity Execute & Deliver & Customers 12 Months Early 36 #AQ Q# QDK PENNYLANE Algorithmic Qubits on Exceedingl
Slide 5: Led by Distinguished Industry Veterans
Led by Distinguished Industry Veterans Peter Chapman Thomas Kramer Rima Alameddine President & CEO Chief Financial Officer Chief Revenue Officer Margaret Arakawa Stacey Giamalis Tom Jones Chief Marketing Officer Chief Legal Officer Chief People Officer Ariel Braunstein Dean Kassmann David Mehuys SVP
Slide 6: The Quantum Revolution is Here
The Quantum Revolution is Here 6 IonQ Investor Updates © 2024 IONQ
Slide 7: Quantum Computers unlock commercial applications beyond classical limits
Quantum Computers Optimal Routing Complex Financial Modeling Chemical Modeling unlock commercial Behavioral Inference Manufacturing Optimization Load Optimization applications beyond the limits of classical Artificial Intelligence In-silico Drug Discovery Complex Logistics computers. Efficient Batte
Slide 8: Quantum Computing to Create Up to $850B in Economic Value by 2040
Quantum Computing to Create Up to $850B in Economic Value by 2040 Machine Learning Optimization Simulation Cryptography Pharma: Drug Discovery Automotive: AV AI Algorithms Logistics: Network Optimization $40B-$80B $1B-$10B $50B-$100B Government: Encryption, Aerospace: CFD Decryption (cybersecurity)
Slide 9: IonQ's Winning Qubit Modality
IonQ’s Winning Qubit Modality 9 IonQ Investor Updates © 2024 IONQ
Slide 10: IonQ's Trapped Ion Architecture is the Winning Qubit Modality
IonQ’s Trapped Ion Architecture is the Winning Ac t u a l P h o t o o f 6 4 Ba riu m Io n Ch a in IonQ Barium R&D System Qubit Modality Q2 2024 ~100x Zoom • Identical and naturally quantum • Long coherence and qubit lifetime • 99.9% 2QG native fidelity • Universal gates • Reconfigurable and highly c
Slide 11: Industry Leading Commercial Product Portfolio
Industry Leading Commercial Product Portfolio Selling Planned Harmony Aria Forte Forte Enterprise Tempo Future Systems A Pioneering Widely Accessible, Commercially Available, Hybrid Enabled, Commercial Broad Commercial Quantum Computer High Performance Higher Performing Data Center-Ready Advantage C
Slide 12: Consistently Ahead of Technology Roadmap
Consistently Ahead of Technology Roadmap IonQ delivered Forte’s #AQ35 a full 12 months early, and #AQ36 mere weeks later 1200 3 1024 1000 800 Algorithmic Qubits1 600 Achieved Achieved Achieved 2 months early 7 months early 12 months early 3 384 400 2 256 200 35 64 25 29 0 2022 2023 2024 2025E 2026E
Slide 13: IonQ Forte Achieves 36 Algorithmic Qubits (#AQ)
IonQ Forte Achieves 36 Algorithmic Qubits (#AQ) IonQ already exceeds 2024 Technical Milestone One Year Ahead of Schedule Best – Result is indistinguishable #AQ 36 from ideal #AQ 25 Circuit Width Circuit Width Circuit Width Circuit Width Worst – Result is IonQ Forte IonQ Aria indistinguishable from n
Slide 14: Commercial Advantage Pillars
Commercial Advantage Pillars Performance Scale Enterprise-Grade High Qubit Quality High Connectivity Deployability & Availability • Naturally Identical • Compiler Optimization • Durability • Excellent Prep and Readout • Low Resource Overhead • Data Center Form Factor • Long Coherence Time • All-to-A
Slide 15: Performance: Practical Time to Solution
Performance: Practical Time to Solution IonQ’s multi-core architecture produces a faster compute time to solution than competing trapped ion architectures IonQ’s Trapped Ion Multi-Core Architecture Competing Trapped Ion Architecture Fidelity Limit Fidelity Limit Low High Low High Speed to Solution S
Slide 16: Performance: High Native Gate Fidelity
Performance: High Native Gate Fidelity Native Qubit Gate Fidelity (DRB) Logical Qubit Gate Fidelity 100.0% 99.999% 99.9999% 99.5% >99.9% >99.95% 99.9% 99.6% 99.0% 2QG Fidelity 99.3% 99.0% 98.5% 98.0% 97.7% 97.5% 2020 2021 2022 2023 2024 2025 2026+ Expected Expected Expected 16 IonQ Investor Updates
Slide 17: Performance: Architecture Advantage in Connectivity and Flexibility
Performance: Architecture Advantage in Connectivity and Flexibility IonQ Advantage Superconducting Competitors • All-to-all connectivity • Nearest-neighbor connectivity • Two qubit gates fidelity • Multiple swap gates required 17 IonQ Investor Updates © 2024 IONQ
Slide 18: Performance: IonQ's Exceedingly Low Error Correction Overhead
Performance: IonQ’s Exceedingly Low Error Correction Overhead Other Approaches NEW: Partial Error Correction Error Correction Error Correction 3:11 16:1 2 1000:1 - 1,000,000:13 Partial Error Correction Advantages: • Significantly lower qubit overhead ratio • More scalable than error mitigation techn
Slide 19: Scale: Path to a Scalable, Modular Architecture
Scale: Path to a Scalable, Modular Architecture Stage 3: 1000+ Qubits • Multi-Core Technology • Photonic Interconnect • Quantum Network Stage 2: 400 Qubits • Multi-Core Technology • Photonic Interconnect Stage 1: 200 Qubits • Multi-Core Technology 19 IonQ Investor Updates © 2024 IONQ
Slide 20: Scale: Miniaturized Vacuum Packages for Increased Scale
Scale: Miniaturized Vacuum Packages for Increased Scale Developing compact room temperature trap packages enables more modularity for scaling next generation systems • Approaching a vacuum similar to the pressure achieved at CERN, without cryostats • Reducing size, weight, and power consumption of s
Slide 21: Enterprise Grade: Expanding Footprint
Enterprise Grade: Expanding Footprint Only known dedicated Quantum Computing manufacturing facility focused on system manufacturing at scale College Park, MD IonQ Headquarters 2015 Basel, Switzerland Started Partnership June 2023 Toronto, Canada Acquired Entangled Networks Dec 2022 Seattle, WA, Open
Slide 22: Enterprise Grade: Deployable for Modern Data Centers
Enterprise Grade: Deployable for Modern Data Centers Delivering a customer-ready fully packaged quantum computing solution IonQ Forte Hosted in College Park Deployable Rack-mounted, data center friendly “plug and play” quantum computers Interoperable Seamless integrations with hybrid compute, cross-
Slide 23: Enterprise Grade: Applications for Commercial Advantage
Enterprise Grade: Applications for Commercial Advantage Optimization Optimization Machine Learning Machine Learning Optimization Top-Tier Financial Institution Critical U.S. Image Recognition for Investment Portfolio Cargo Loading Infrastructure Predictive Maintenance Autonomous Driving Optimization
Slide 24: Quantum Enabled Portfolio Optimization
Quantum Enabled Portfolio Optimization Enabling portfolio creation of more accurate predictive models using fewer iterations Target Distribution Classical Computer IonQ Quantum Computer IonQ Quantum Computer Generative Adversarial Network Generative Adversarial Network Circuit Born Machine Outliers
Slide 25: Recent Announcements
Recent Announcements 25 IonQ Investor Updates © 2024 IONQ
Slide 26: IonQ Announces Partnership with Applied Research Laboratory for Intelligence and Security
IonQ Announces Partnership with Applied Research Laboratory for Intelligence and Security IonQ was selected through a competitive bidding process to design a first-of-its-kind, networked system for blind quantum computing. The initial phase of the contract is a $5.7 million-dollar award for the desi
Slide 27: Final Assembly of First IonQ Forte Enterprise System at QuantumBasel
IonQ Announces Final Assembly of First IonQ Forte Enterprise System at QuantumBasel Represents next step in path towards broad commercial advantage 27 IonQ Investor Updates © 2024 IONQ
Slide 28: IonQ Announces Contract Extension with AWS on Amazon Braket
IonQ Announces Contract Extension with AWS on Amazon Braket IonQ will continue offering world-class quantum computers to developers globally, via Amazon Braket, the quantum computing service of AWS. 28 IonQ Investor Updates © 2024 IONQ
Slide 29: IonQ Begins Construction of Two More Forte Enterprise Systems
IonQ Begins Construction of Two More Forte Enterprise Systems System will be built in our new IonQ Seattle manufacturing facility 29 IonQ Investor Updates © 2024 IONQ
Slide 30: New Research Project with U.S. Naval Research Laboratory
IonQ Announces a New Research Project with U.S. Naval Research Laboratory IonQ quantum computers used to sample quantum “Calculations that previously states in molecular systems affecting corrosion took months can now be All-to-all connectivity of IonQ architecture resulted in performed in hours.” b
Slide 31: Quantum Algorithm Work Optimizing Flight Gate Assignments with DESY
IonQ Announces Groundbreaking Quantum Algorithm Work, Optimizing Flight Gate Assignments with DESY Collaborated to solve for reduced connecting “We’re very excited by the early times, gate occupancy, and plane turnaround time results we’re seeing in running Ran eight to 36 variable problems on IonQ
Slide 32: IonQ Investor Updates © 2024 IONQ
32 IonQ Investor Updates © 2024 IONQ