Slide 1: Smart Eye Second Quarter 2025
AUGUST 27, 2025 Smart Eye Second Quarter 2025 Martin Krantz, CEO Mats Benjaminsson, CFO
Slide 2: Summary Q2
Summary Q2 Net Sales 92M, Organic Growth Improved EBITDA +22 MSEK 12% +1 MSEK Automotive Organic Growth Behavioral Research Organic Growth EBITDA Positive in 42% -1% FX headwind Car Models Reached Production OEMs reached production Automotive Licenses 90 (85) 12 (12) >100% Savings Program completed
Slide 3: Clear Market Leader with 365 Design Wins
Clear Market Leader with 365 Design Wins • Automotive design wins SEK 8.7 bn estimated order Whereof 10 with Interior Sensing value • Upsell potential SEK 365 5.6 bn • 23 OEMs • 12 OEMs has entered production • 90 design wins have entered production since 2018 • 70-80 design wins expected to reach p
Slide 4: Smart Eye and the Global DMS Market
Smart Eye and the Global DMS Market 23 OEMs | 365 DMS Design Wins | 10 Interior Sensing Design Wins | 90 Design Wins Entered Production North America Europe Asia 3 OEMs | 126 Design Wins 13 OEMs | 145 Design Wins 7 OEMs | 94 Design Wins Entered production Entered production Entered production 1 OE
Slide 5: Automotive
Automotive Car models entered production Q2 2025 • Korean, Japanese and US OEM’s together drive the growth • European ramp-up has started • 5 new Design Wins went into production
Slide 6: DMS Market Development
• TAM Global 2024 amounts to 91 million vehicles DMS Market • TAM Europe 15 million vehicles 2024 (16%) • GSR drives market growth EU, 100% take rate 2027 Development • EU + RoW estimated to be 30% in 2027 (16% EU + 14% RoW) DMS deliveries and take rate 2022-2028 • Smart Eye’s market share 2027 expe
Slide 7: Financial Summary
Financial • Net Sales 92.1 (89.6), growth +2.8% Y/Y, excluding FX +12% • R12 Net Sales 361.5 (344.8), growth +5% Y/Y Summary • Gross Profit 82.8 (81.0) +1.8 MSEK Y/Y • Gross Margin 89.9% (90.4%) • 2023 2024 2025
Slide 8: Automotive
Automotive Growth +26% Y/Y Organic Growth +42% Y/Y - whereof FX effect amounts to -2.5 MSEK - whereof NRE adjustment last year -1.9 MSEK Growth Rolling 12 months +24% Y/Y License revenue continues to increase driven by existing car models ramping up with higher production volumes License revenue inc
Slide 9: Behavioral Research
Behavioral Research Growth -11% Y/Y Organic Growth -1% Y/Y Exchange rate effect amounts to -5.5 MSEK Growth Rolling 12 months -8% Y/Y • iMotions and Research Instrument are in line with last year excluding FX effect • Media Analytics lower compared to the same period last year 2023 2024 2025
Slide 10: Profitability
Profitability • EBITDA 1.0 (-23.2) MSEK • Improvement driven by higher license revenue, downsizing and additional savings • OPEX -82 (-104) MSEK, lower spending and FX • EBIT -40.6 (-64.2) MSEK • Strong improvement • EBT -44.1 (-63.3) MSEK • impacted by higher financial expenses 2023 2024 2025 10
Slide 11: Balance Sheet KPI's
Balance sheet KPI's Q2 2025 Available Opening Closing Amount in MSEK cash ending Balance Balance balance Cash ending balance 9,6 11,8 11,8 • Total debt amounts to -100 MSEK Bank overdraft facility -10,6 0,0 31,6 • Total Available cash 93,4 MSEK (Last quarter 130.9 MSEK) Credit facility debt -50,0 -1
Slide 12: Improving road safety to save lives around the world
Improving road safety to save lives around the world and redefining the mobility experience to enhance comfort, wellness and entertainment smarteye.ai