Slide 1: The New Industry Standard for Immersive Wireless Sound
NASDAQ: WISA The New Industry Standard for Immersive Wireless Sound LD Micro Main Event October 12, 2021
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of Summit Wireless Technologies, Inc. (NASDAQ: WISA) (the “Company” or “WISA”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amen
Slide 3: Summit Wireless
Summit Wireless Summit Wireless is a leading provider of immersive, wireless sound technology for intelligent devices & next-generation Summit Wireless home entertainment systems NASDAQ: WISA Markets and sells ASICS, Association with 70+ modules & IP that is leading CE brands integrated into leading
Slide 4: WiSA Association: Building a Standard
WiSA Association: Building a Standard The WiSA Association has 70+ member brands implementing worldwide standards for high definition, multi-channel, low latency audio using our WiSA global interoperability standard TVs AVRs Consumers Win •- Greater simplicity - •- Greater access to content - Window
Slide 5: Strong Accomplishments
Strong Accomplishments • Won 5th TV brand • Launched SoundSend Android TV app for Sony, Toshiba, Sharp, Hisense, Insignia, etc. • Increased adoption: 2M visitors expected in 2021 • Opened first WiSA storefront www.amazon.com/wisa • Joined Russell Microcap® Index • Raised $10M gross proceeds in July
Slide 6: Why Now?
Why Now? Annual Website Traffic Revenue Growth YOY ~180% number of visitors ~2,000,000 41% 365,800 31% Prelim. Prelim. 26,200 9 mo.s 9 mo.s 2019 A 2020 A 2021 E 2019 A 2020 A 2021 P/E NASDAQ: WISA 6
Slide 7: 25+ Brands Shipping Summit Wireless' Technology
25+ Brands Shipping Summit Wireless’ Technology 2021 Shipping Display Brands 2021 Shipping Soundbar & Speaker Brands 6th Display Brand System Audio A/S Strategic Partners NASDAQ: WISA 7
Slide 8: LG, Hisense & Toshiba WiSA TVs
LG, Hisense & Toshiba WiSA TVs WiSA Ready Certified WiSA SoundSend Certified Program QNED, OLED, Nanocell, Laser NASDAQ: WISA 8
Slide 9: Multiple New Speakers
Multiple New Speakers Bang and Olufsen (B&O) Harman Radiance Lithe for Dolby Atmos Onkyo SOUND SPHERE NASDAQ: WISA 9
Slide 10: Today's Sound Experience Options
Today’s Sound Experience Options WiSA’s Advantage Home Theater Discreet Speakers / Spatial Sound • Better Sound Field Soundbar + Subwoofer + Simulated Dolby Digital/Atmos • Simple Installation • Lower Prices Soundbar + Subwoofer Soundbar TV $799 $1,300 $1,800 $899+ Premium Soundbar Systems (i.e. Son
Slide 11: Primary Growth Drivers
Primary Growth Drivers WiSA Wave SoundSend • 2M visitors universal, low-cost projected for 2021 WiSA connectivity • Amazon Storefront increases ease of WiSA CertifiedTM sale Discovery: Next-Gen Wi-Fi Module Wi-Fi tech broadening the market through lower cost NASDAQ: WISA 11
Slide 12: WiSA's Award-Winning Unifier
WiSA’s Award-Winning Unifier Your Smart TV WiSA SoundSend Amazing Speakers Works with 100s of millions of Universal transmitter easily connects to Amazing WiSA Certified speakers TVs with ARC/eARC your TV and sends HD audio to speakers from great brands NASDAQ: WISA 12
Slide 13: WiSA Wave Benefits Brands and Consumers
WiSA Wave Benefits Brands and Consumers Brands: • Ad cost covers multiple brands Annual Website Traffic • Displays WiSA as a Category number of visitors Consumers: ~2,000,000 • Educates on WiSA benefits • Directs them to “learn more” or shopping sites ~1,200,000 Marketing: • Identifies an audio cons
Slide 14: WiSA Wave Leveraging Digital Marketing
WiSA Wave Leveraging Digital Marketing Brands or retailers remarket using WiSA Wave analytics. For example: • Demographics • Geography • Repeat visitors • Shoppers vs researchers • Time on site • Consumer vs audiophile shopper NASDAQ: WISA 14
Slide 15: Expanding the Ecosystem
Expanding the Ecosystem Opening Retail Storefronts Establishing Various Price Points www.amazon.com/wisa Audiophile Brands $2,000 - $20,000 Mainstream $1,098 - $1,495 Entry Level $799 - $999 Milan 5.1 with WiSA SoundSend NASDAQ: WISA 15
Slide 16: Former HDMI Team to Evangelize and Monetize the WiSA Standard
Former HDMI Team to Evangelize and Monetize the WiSA Standard Industry Veterans Bring Extensive Experience in Developing, Launching, and Licensing Multiple Standards-based Technologies • Co-founder and GM of unit of Silicon Image that launched and built the HDMI standard • Drove revenue from both IP
Slide 17: Beyond Premium Audio: Driving 2022 Growth
Beyond Premium Audio: Driving 2022 Growth Home Entertainment • First Gen Technology established WiSA as multi-channel wireless technology brand with a complete ecosystem of TVs/transmitters and speakers • Next Gen extends WiSA to all smart devices with massive TAM Discovery: • Immersive Sound Expand
Slide 18: Large, Growing Wireless Markets
Large, Growing Wireless Markets Projected TAM* Audio Configuration Gen 1: 5.1 Gen 2: 5.1 WW Smart TVs (Ms) 90 269 Audio Attach Rate 15% 30% Audio Systems Sold (Ms) 14 81 WiSA Share 10% 50% WiSA Systems (Ms) 1.4 40.4 Speakers per configuration 6 3 Transmitters per system 1.0 0.5 Module TAM (Ms) 9.5 1
Slide 19: ~200+% Q3 2021 Revenue Growth
~200+% Q3 2021 Revenue Growth Preliminary Q3 ‘21 Revenue & Gross Margin • ~$1.8M revenue, up ~200% vs. Q3 ’201 ($ in M) $6.5 to $7.0 Q2 ‘21 28% • $1.6M revenue, up 350+% vs. Q2 ’20 to 30% • 29.0% gross margin, up from 3.4% in Q2 ‘20 • $3.3M opex, including $0.4M of non-cash, vs. $2.0M, including $0.
Slide 20: Expanding WiSA Ecosystem Driving Growth
Expanding WiSA Ecosystem Driving Growth Joined Russel Microcap® Index More TV More Strengthening Balance Sheet Integration Consumers Cash & Cash Equivalents Driving • $10.3M at 6/30/21 Revenue Lower More • $9.1M net cash raised in July Entry Growth Speaker Prices Brands • $13M - $15M expected at 12/
Slide 21: Expanding Ecosystem, Fueling Growth
Expanding Ecosystem, Fueling Growth # of Website Visitors • Building the standard, like HDMI ~2,000 Immersive Sound • Protected IP and WiSA trademark Huge Market • Soundbars, Smart TVs, Wireless Speakers, Opportunity Headphones, Smartphones 366 Prelim. 26 9 mo.s Increasing WiSA • ~1.2Mk website visi
Slide 22: www.summitwireless.com
Investor Relations Greg Falesnik, CEO - MZ North America 949-385-6449, WISA@mzgroup.us Kirsten Chapman, MD - LHA Investor Relations 415-433-3777, summit@lhai.com Summit Wireless Technologies, Inc. 6840 Via Del Oro, Suite 280 San Jose, CA 95119 www.summitwireless.com
Slide 23: Summit Leadership
Summit Leadership Brett A. Moyer George Oliva Tony Ostrom Tony Parker James Cheng Keith Greeney Ed Green Founders/Executive CEO, Pres. & Chair CFO President, VP, Bus. Dev. VP of Worldwide Sales VP of Engineering VP of Operations WiSA Association & Strategy • Focus Enhancements, • Hardesty LLC • Amlo