COMPUTER VISION AI FOR IN-CABIN SENSING

Company presentation | September 18, 2024

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CIPIA: FOCUS ON DRIVER AND CABIN MONITORING

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Cipia Vision Ltd 4

LEADING IN-CABIN SENSING PROVIDER

60 Employees 66 Patents & applications \$24M Lifecycle value of hardware & software \$14M Lifecycle value of software Lifecycle value of signed agreements JUL 2024 - JUN 2029* Vehicle OEM agreements only does not include additional aftermarket software and device revenue 11 Vehicle OEMs 67 Models (design wins)

Cipia Vision Ltd * It is clarified that the Forecasted Life Cycle Value (LCV) From Signed Agreements is based on forecasts received by the Company from the manufacturer and Company assumptions. However, the Company estimates that the level of certainty of the Forecasted LCV from Signed Agreements from the sale of hardware (cameras) is lower than that from the sale of software, due to the availability of alternative hardware in the market. The agreements do not require minimum quantity.

THE PROBLEM BEHIND THE STEERING WHEEL

1,350,000

Die in road accidents annually

World Health Organization 80%

Distraction in the 3 seconds prior to the collision

National Highway Traffic Safety Administration

21% Fatal collusions are caused by drowsiness

American Automobile Association

GLOBAL REGULATORY & SAFETY STANDARDS TREND

requires direct (e.g., camera based) driver monitoring (DMS)

distraction warnings are required in new vehicles

GB/T 41797-2022

congress bill to prevent automation complacency and misuse

reward L2 vehicles with driver monitoring

2023 2026 2024 2026 2023

2022

*Regulation and safety standards do not require driver monitoring to be performed using video analysis (i.e., camera), with the exclusion of China.

INCREASING DEMAND AMONG OEMS FOR DRIVER MONITORING

Source: https://www.alliedmarketresearch.com/driver-monitoring-systems-market

Cipia Vision Ltd

CIPIA S IN-CABIN SENSING SOLUTIONS

DRIVER SENSE CABIN SENSE CIPIA-FS10 Software for Automotive Manufacturers Device & Cloud Services for Fleets

Driver monitoring software (may be accompanied by a camera) for automotive OEMs

Cipia Vision Ltd

Cabin monitoring software (under development) for automotive OEMs for driver and cabin-wide occupancy monitoring

Driver monitoring device and cloud service for telematics service providers and fleets

Safety Safety & convenience Safety & fleet optimization

ADVANCED COMPUTER VISION AI TECHNOLOGY

Yaw 13	-5.50		Pitch	0.6		Roll		-1.9°
Pupil dilation			Blink rate		Blink duration			Classes
32.0%			34.0		0.00 sec
Left Eye						Right Eye


Yaw	-23"	Pitch	-32"	Yaw	5.8		Pitch		-0.9"

Cipia Vision Ltd

THE NEED FOR DMS RISES WITH THE AUTONOMY LEVEL

Cipia s Driver Sense addresses DMS regulatory requirements and safety standards at levels 0 - 3

CIPIA-FS10 DEVICE SMART FLEET MANAGEMENT

Targeting telematics service providers

Safety alerts (distraction, drowsiness, seatbelt, phone)
Compliance (smoking, seatbelt, phone)

DRIVER ALERTS SMARTER FLEET MANAGEMENT

10 20 30

Real time alerts
Driver ID
Workforce management
Compliance
Driver scoring
Accident investigation
Tamper detection

Risk: 56

AUTONOMY IS A GROWTH ENGINE

Source: Automotive Data Monetisation Pricing and Business Models, Frost & Sullivan, October 2017

Cipia Vision Ltd

TOP 4 PLAYERS IN THE DMS MARKET

OEMs	Models	Positioning	Market cap
11	67	Lean hardware	TASE: CPIA ~\$22M
22	358	# of OEMs	Nasdaq Nordic: SEYE ~\$279
11	+160	# of miles accumulated through TSP business	AIM: SEE ~\$267
8	+100	Eye tracking technology	STO: TOBII ~\$58M

Customer data source: Smart Eye source (August 29, 2024) and Seeing Machines source (May 1, 2024) and Tobii (April 9, 2024). Market cap source: respective stock exchange data as published on Google Finance of September 18, 2024

Models

Cipia Smart Eye Seeing Machines Tobii

BUSINESS MODEL

*Based on safety standards and regulation, the market is adopting DMS at a faster pace (previously reported as 1 - 3 years). **Price reflects ADAS ready units and cellular connectivity units.

***Assuming 50% of vehicles will make use of Cipia s cloud.

DRIVER SENSE: CONTINUOUS GROWTH

5 OEMs already in serial production

2023 ACHIEVEMENTS

Financials compared to FY 2022

in gross profit compared to 2022

in gross margin compared to 2022

Units compared to end of 2022

in vehicle manufacturers (OEMs) choosing company products

in awarded vehicle models

FINANCIAL REPORTS

Profit & Loss (thousands of USD)	2024 H1	2023	2022	2021	2020
Total Revenues	2,511	5,351	5,329	4,779	1,741
Gross Profit	1,666	2,688	1,167	1,893	641
Gross margin	66%	50%	22%	40%	37%
R&D expenses	3,060	5,848	5,292	5,002	3,801
S&M expenses	1,751	2,908	4,412	3,478	2,426
G&A expenses	1,400	2,670	3,112	2,725	1,012
Total Operating expenses	6,211	11,426	12,816	11,205	7,239
Financial expenses (income)	294	372	1,256	(9,399)	*9,516
Profit (loss) before taxes	4,839	(9,110)	(12,905)	87	(16,114)
Balance Sheets
Cash and equivalents	2,804	5,854	16,155	19,767	3,858
Inventory	1,165	1,294	1,839	1,755	-
Loans from Bank	435	487	1,220	1,965	633
Derivative Financial Instruments	-	-	-	-	19,670
Preferred equity (Liability)	-	-	-	-	51,371

* Based mainly on financial instruments and converting them to equity in 2021

Cipia Vision Ltd

OVER \$100M RAISED IN TOTAL

Years	Round	Main investors	Amount
2024	PIPE	Strategic Investor	~\$5M
2023	PIPE	Private investors	\$2.3M
2022	PIPE	Institutional & private investors (existing & new)	\$11.7M
2021	IPO (Inc. Pre-IPO)	Institutional investors	\$26M
2020	Convertible Loan	Jebsen Group, Grupo Antolin	\$8.5M
2016-2018	Series D	Jebsen Group, Arie Capital, Smart Gesture, private investors	\$30M
2014-2015	Series C	Mitsui & others	\$12M
2011-2013	Series B	Mitsui & others	\$7M
2007-2010	Series A	Private investors	\$3M

MANAGEMENT

Yehuda Holtzman CEO	35+ years experience of executive management & entrepreneurship in the tech industry
Tal Krzypow VP Product & Strategy	15+ years experience of global scale software products managing multiple disciplines
Shelly Mesilati CFO	15+ years experience of financial management including capital raising for tech companies
Erez Steinberg CTO	20+ years experience of development activities including hardware and software
Guy Tsafrir VP R&D	25+ years experience of software development and management
David Markus VP Telemetry & Fleets	20+ years experience of executive management in the automotive industry
Liat Rostock VP Marketing	of marketing experience