4DS MEMORY LIMITED — Investor Presentation 2021

Nov 24, 2021

COMPANY UPDATE NOVEMBER 2021

AUTHORISED FOR RELEASE BY THE BOARD

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DISCLAIMER IMPORTANT NOTICE

This presentation has been prepared by 4DS Memory Limited. (“4DS” or the “Company”) based on information available to it as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision.

This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in 4DS, nor does it constitute financial product advice or take into account any individual’s investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of 4DS and conduct its own investigations. Before making an investment decision, investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. 4DS is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of 4DS securities.

Although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of 4DS, its officers, directors, employees and agents, nor any other person, accepts any responsibility and liability for the content of this presentation including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this presentation or otherwise arising in connection with it.

The distribution of this presentation may be restricted by law and you should observe any such restrictions.

Forward looking statements

This presentation contains certain forward-looking statements that are based on the Company’s management’s beliefs, assumptions and expectations and on information currently available to management. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of 4DS to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the political and economic environment in which 4DS will operate in the future, which are subject to change without notice. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast.

To the full extent permitted by law, 4DS and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation).

The information presented in this presentation is subject to change without notice and 4DS does not have any responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of this presentation, which may affect any matter referred to in this presentation.

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THE OPPORTUNITY

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Semiconductor demand at an all time high

Production facilities cannot keep up with demand Billions are being invested into new production facilities

Limited memory innovation over many years: SRAM, DRAM and NAND remain the dominant memories

Existing memory solutions have become the limiter in computing for both mobile and data centers

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Lack of innovation and high demand provide an opportunity for new technologies

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COMPANY OVERVIEW

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INTERFACE SWITCHING ReRAM

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World-leading 4DS is the most Targeting Storage Silicon Valley advanced Interface Class Memory with based Interface Switching ReRAM focus on augmenting Switching ReRAM DRAM developer

Joint development Strategic 32 granted US agreement with collaboration with patents wholly Western Digital imec since 2017 owned (4 non-core subsidiary HGST patents dropped) since 2014

Board and management have the requisite skills to create value

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STORAGE CLASS MEMORY

4DS Interface Switching ReRAM is a unique ReRAM being developed specifically for Storage Class Memory applications.

Battleground for next generation memory technology. Faster: DRAM - like read speed Cheaper than DRAM cost per bit Non-volatile - retains data when power is off

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STORAGE CLASS MEMORY
Attempts to combine the best
characteristics of
DRAM and NAND Flash
Slow Low
NAND
Flash
Storage
Class
Memory
DRAM
Fast High
Non-Volatile Volatile
Access Time (Sec) Die Cost ($/GB)
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THE CURRENT MARKET

In 2020 the total semiconductor market achieved ~US $470 billion in sales.*

DRAM & NAND are a significant influence on the overall semiconductor market.*

DRAM and NAND Flash markets had a combined annual revenue of US$ 120 billion in 2020 or approximately 25% of world-wide semiconductor revenue.*

Storage Class Memory will supplement not replace DRAM & NAND revenue or potential growth.

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It’s estimated that more than 5 billion people have a mobile device

*https://www.semiconductors.org/wpcontent/uploads/2021/02/HighestVolume-MainstreamMemory_Omdia.pdf

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SNAPSHOT

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Todays Market Cap* – A$72.5 million (@A$0.048)

Peak Market Cap – A$370 million

• Assumes fully diluted on completion of placement and SPP – doesn’t include oversubscriptions

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Completed analysis of multiple lots of imec wafers

Demonstrated ability to replicate results in speed, endurance and retention – twice during 2021

While 4DS memory endurance continues to be orders of magnitude better than NAND endurance, recent results showed a potential degradation in endurance using the latest version of polycrystalline PCMO

Strategic collaboration with imec; recently extended to end of 2022

• Negotiating the extension and defining the future development plans were the reason for suspension from the ASX

Western Digital / HGST JDA extended till 30 June 2022

3 additional patents granted

Recently placed A$ 2.5 mil to institutions and high-networth individuals

SPP for up to A$ 2.5 mil is open, with ability to take additional A$1 mil

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WORLD # 1 AND 4DS PARTNER

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imec is the world’s #1 independent semiconductor development institute

In 2020 total revenue of 680 million euro

Unique infrastructure that includes a 2.5 billion euro 300mm semiconductor pilot line

More than 5000 expert scientists from over 95 countries

Collaborates with the who’s who of electronic products and systems – over 600 world leading industry players and a global academic network

Collaborates with makers of high-volume high-density memories

Uses the same tools as industry for high-volume production of high-density memories

Has a proven Megabit memory platform to fast-track development of Gigabit memories, using a Megabit memory test chip

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COLLABORATION OBJECTIVES 2022

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Complete Complete process optimization in Q1 2022
Commence Commence Lot production in Q2 2022
Deliver Out of Fab Lot delivered to 4DS early Q3 2022
End goal is to demonstrate the ability to
End Goal fabricate a 4DS Interface Switching megabit
memory array in 2022
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EIGHT YEAR PARTNERSHIP WITH HGST

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HGST is a subsidiary of Western Digital Corporation (US$ 17.5 billion market cap), one of the largest global leaders in digital storage

Strategic innovator in emerging high growth technologies

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Commenced Joint Development Agreement in 2014 – Renewed in 2015, 2016, 2017, 2018, 2019, 2020 and 2021

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Insight into what is important in a data-centric world

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BOARD AND MANAGEMENT

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Dr Guido Arnout

Drs. Wilbert

CEO & Managing Director

van den Hoek

Non-Executive Chairman

• 30+ years in commercialising electronics technology

• Served as CEO and Board member of Silicon Valley companies

  • Successes include, Power-Escape, CoWare, CrossCheck Technology and Silvar-Liso

• Previously CTO /EVP at Novellus Systems and was a board member of Cypress semiconductor

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David McAuliffe Executive Director

Ting Yen

VP Processing Intergration

• 30 years experience in commercializing memory technologies

• Experienced company director

Involved in numerous capital raisings and in-licensing of technologies

Founder of several companies in Australia, France and the UK, many of which are now ASX listed. NonExecutive of Invex Therapeutics Ltd

• Various roles at Integrated Memory, Netlogic, Integrated Device, Cypress, Paradigm and Philips Research

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Global expertise in founding and building high-tech companies.

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Howard Digby Non-Executive Director

• Former senior roles at IBM, Adobe, Gartner and the Economist Group

• Director of Cirralto Ltd, Elsight Ltd and Singular Health Ltd

• Advisor to a number of technology companies

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Michael

Van Buskirk Chief Engineering Officer

• Executive roles with a number of leading memory companies in Silicon Valley

• These include Adesto Technologies Corporation, Innovative Silicon Inc and Spansion Inc.

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CAPITAL STRUCTURE*

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ASX Code 4DS Market Cap (Fully Diluted) A$ 72.5 million Ordinary Shares on Issue 1,426,241,507 Unlisted Options 84,360,600 Cash ~A$ 6.5 million – November 2021**

*Assumes on completion of placement and SPP – doesn’t include oversubscriptions

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**At placement price of A$0.048

VALUE PROPOSITION

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4DS is developing a breakthrough Interface Switching ReRAM Storage Class Memory solution

Strong patent portfolio with 32 granted patents wholly owned and developed inhouse (4 have expired)

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Produced pivotal data applicable for Storage Class Memory - best results to date were replicated twice in 2021

World-class team of memory specialists and test engineers

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HGST – eight-year strategic partnership with global leader in digital storage

HGST – eight-year imec – strategic strategic partnership collaboration to develop with global leader in megabit memory macro digital storage with the world # 1 developer Board experienced in Sufficient cash to meet founding, building and 2022 objectives exiting high tech companies

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4DS is addressing the massive memory demands of tomorrow

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THANK YOU

ABN 43 145 590 110 ASX Code: 4DS www.4dsmemory.com

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SILICON VALLEY

AUSTRALIA

3155 Skyway Court Fremont CA 94539 UNITED STATES

West Perth WA 6005 AUSTRALIA

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