Axilion Smart Mobility Ltd.

Investor Presentation • Dec 3, 2024

www.axilion.com

www.axilion.com Confidential

Disclosure

The information set forth herein contains certain "forward-looking statements" within the meaning of the Israeli Securities Law 5728-1968 (the "Securities Law"), which are intended to be covered by the safe harbors created thereby. Such forward-looking statements include the timing and terms of the rights offering and the future activities and performance of Axilion, and may be identified by the use of forward-looking terminology such as "may," "will," "project," "target," "expect," "intend," "might," "believe," "anticipate," "estimate," "could," "would," "continue," "pursue," "potential," "forecast," "seek," "plan," "opportunity," "should", or "goal" or the negative thereof or other variations or similar words or phrases. Such forward-looking statements also include, among others, statements about Axilion's plans and objectives relating to future growth and availability of funds. Such forward looking statements are based on particular assumptions that management of Axilion has made in light of its experience, as well as its perception of expected future developments and other factors that it believes are appropriate under the circumstances. Forward-looking statements are necessarily estimates reflecting the judgment of Axilion's management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.

Certain statements made in this presentation that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Axilion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions as well as the other risk factors detailed in the company's periodic and quarterly reports. Axilion undertakes no obligation to update or revise any forward looking statements for any reason. For additional information regarding these and other risks and uncertainties associated with Axilion's business, reference is made to Axilion's reports filed from time to time with the Israeli Securities and Exchange Commission.

The forward-looking statements included herein are based on current expectations and there can be no assurance that these expectations will be attained. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond Axilion's control. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included herein will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Axilion or any other person that Axilion's objectives and plans will be achieved. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made. Axilion does not undertake to update them to reflect changes that occur after the date they are made, except as may be required by applicable law.

This presentation contains partial information from the public reports of Axilion under the Securities Law, which reports can be accessed at the Israeli Securities Authority's website, www.magna.isa.gov.il. A review of this presentation is not a substitute for a review of the detailed reports of Axilion under the Securities Law and is not meant to replace or qualify them; rather, the presentation is prepared merely for the convenience of the reader, with the understanding that the detailed reports are being reviewed simultaneously. No representation is made as to the accuracy or completeness of the information contained herein.

This presentation includes financial data that is not audited and financial data that was not prepared in accordance with Generally Accepted Accounting Principles (GAAP). Axilion believes these NON GAAP financial measures provide consistent and comparable measures to help investors understand Axilion's current and future operating performance. However, our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read in conjunction with Axilion's consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.

The information contained in this presentation or which will be provided orally during the presentation thereof, does not constitute or form part of any invitation or offer to sell, or any solicitation of any invitation or offer to purchase or subscribe for, any securities of Axilion or any other entity, nor shall the information or any part of it or the fact of its distribution form the basis of, or be relied on in connection with or relating to any action, contract, commitment or to the securities of Axilion. The presentation does not constitute a recommendation or opinion or substitute for the discretion of any investor.

Outstanding footprint for 1st year deployment Technology validated, combined \$250K Pilot revenues

North Carolina Department of Transportation

Manages 9,928 intersections

Manages 1,400 intersections

Authority

Contra Costa Transportation

Regional Transportation Commission of Southern Nevada

Manages 1,600 intersections

Department of Transportation

Florida

District 5

Manages 6,500 intersections

Gwinnett County, Georgia (through AECOM partnership)

Manages 1,000 intersections

Pinellas County Florida

Manages 440 intersections

North Carolina DOT Engagement

NCDOT

• Controls over 9,928 intersections
• Annual budget \$5B

Timeline

• Apr – Jul 2024

Goals

• Faster implementation cycle
• Systematic assessment of critical corridors
• Compare results of AI optimization with traditional traffic engineering methods
• Evaluate X Way's accuracy in reflecting real traffic conditions

LOCATION

Timber Drive 7 intersections across 3.5-miles Garner, NC

LOCATION

Chicken Foot Road 7 intersections across 2-miles Hope Mills, NC

NCDOT Retiming Effort - Unprecedented Pace

NCDOT - Results

economic savings

Time-Space Diagram (Green Wave Effectiveness)

Post Optimization Before Optimization

Gwinnett County (Georgia) - 12% Travel Time Improvement

Pinellas County FL (400 intersections) - Growth from Pilot to Service in 18 months

Case Study: Axilion's Growth Pilot to 5 Year contract potential

Next candidate - CCTA: Successful pilot, followed by a \$30.8M federal grant

Disclaimer: Awarding of the ATTAIN & SS4A grants does not guarantee a finalized contract. As with all grant-funded projects, progression to a formal partnership depends on pilot performance and the discretionary decisions of Pinellas County.

Building strategic partnerships with top Architecture & Engineering (A&E) firms

A&E Company	Ranking in the ENR 2024 Top 500 Design Firms (in relevant category)	Status
	2nd	Contracted pilot partner
	4th	Advisory board member on senior staff
	5th	Ongoing pilot discussion
	7th	Contracted pilot partner
	8th	Ongoing pilot discussion
	12th	Contracted pilot + grant partner

Unlocking regional growth through strategic distribution partnerships

Pending partnerships with established traffic control and ITS distributors across key regions to provide the local "boots on the ground" support for target regions.

Potential upcoming distribution partner partners:

• ETC (19 state Transportation marketplace)
• Florida based distribution agreement
• Ohio based distribution pilot

Technology Partners

ATMS vendors

● SAAS as key revenue growth

Smart Sensing vendors

● Ecosystem partner potential

X Way uses AI-Powered digital twin technology to optimize traffic signal timing without requiring in-field trial and error

AI Reinforcement flow: evaluating thousands of signal timing plans for the most optimal version

X Way's Priority Hub: an enterprise-level dashboard for prioritizing retiming and recommending corrective actions

Monitor all corridors monthly in one location
	View congestion measurements and
	alerts
Perform automated and
manual SigOps corrective actions
	15

US Executive Assistance

Advisory Board - 2024 additions

16

Thank you!