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SaverOne 2014 Ltd.

Investor Presentation Jun 3, 2024

7034_rns_2024-06-03_6e0459fe-8f0f-4281-b640-2418bfb4a55b.pdf

Investor Presentation

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934

For the month of June 2024 (Report No. 1)

Commission file number: 001-41387

SaverOne 2014 Ltd. (Translation of registrant's name into English)

Em Hamoshavot Rd. 94 Petah Tikvah, Israel (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

In accordance with Regulation FD, SaverOne 2014 Ltd. ("the Company") hereby furnishes the Investor Presentation the Company will present to analysts and investors on or after June 3, 2024. The slides are attached hereto as Exhibit 99.1 and will be available on the Company's website at https://saver.one.

The information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission ("SEC") filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The presentation does not provide information concerning the financial condition of the Company. To the extent that estimates or targets have been provided concerning 2024 or any subsequent years, these reflect statements that have previously been made in the Company's securities filings. The Company undertakes no duty or obligation to publicly update or revise the information contained in this presentation, although it may do so from time to time. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure.

The information furnished, including Exhibits 99.1 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

EXHIBIT INDEX

Exhibit No. Description

.

99.1 SaverOne 2014 Ltd. Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 3, 2024 SAVERONE 2014 LTD.

By: /s/ Ori Gilboa Name: Ori Gilboa Title: Chief Executive Officer

Making roads safer for drivers, passengers, and pedestrians

VRU solution – pitch deck

Legal notice

This investor deck contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this deck are forward-looking statements, including but not limited to, the ability of SaverOne's technology to substantially improve the safety of drivers; SaverOne's planned level of revenues and capital expenditures; SaverOne's ability to market and sell its products; SaverOne's plans to continue to invest in research and development to develop technology for both existing and new products; SaverOne's intention to advance its technologies and commercialization efforts; SaverOne's plan to seek patent, trademark and other intellectual property rights for our products and technologies in the United States and internationally, as well as its ability to maintain and protect the validity of its currently held intellectual property rights; SaverOne's expectations regarding future changes in its cost of revenues and our operating expenses; interpretations of current laws and the passage of future laws; acceptance of SaverOne's business model; the ability to correctly identify and enter new markets; the impact of competition and new technologies; general market, political and economic conditions in the countries in which SaverOne operates; projected capital expenditures and liquidity; SaverOne's intention to retain key employees, and our belief that we maintain good relations with all of its employees; any resurgence of the COVID-19 pandemic and its impact on SaverOne's business and industry; security, political and economic instability in the Middle East that could harm SaverOne's business, including due to the current war between Israel and Hamas; and other risks and uncertainties, including, but not limited to, the risks detailed in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") on March 25, 2024 and in subsequent filings with the SEC. The Company's filings are available on its website at www.sec.gov. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

We are SaverOne

Our mission is to make roads safer for drivers, passengers, and pedestrians alike – through cellular network-based technological solutions

2 products

Vulnerable Road User safety solution

Detection & localization of Vulnerable Road Users (VRUs) outside the vehicle even in non-line-of-sight (NLOS) and adverse weather conditions through mobile signals

Focus of this pitch

In-cabin driver distraction prevention

Driver safety solution designed to combat distracted driving by identifying and monitoring cell phones located in the driver's vicinity and selectively blocking distracting apps

Our experienced leadership team

Jacob Tenenboim Ori Gilboa Yossi Cohen Yoav Zilber Aviram Meidan Omri Hagai
Chairman
Chief Executive Officer
Chief Operating Officer
& Co-Founder
Head of Business
Development
Vice President
Research &
Development
Chief Financial Officer
35+ years in technology
25+ years in automotive &
management &
retail industries
entrepreneurship
20+ years in leading global
operations in high-tech areas
20+ years in international
marketing & business
development
20+ years in automotive
product development
10+ years of experience in
financial management of public
companies
Among his exits are: CEO Senior Manager of Program
Management & Business
VP Business
Development
VP R&D Director of
Finance
Operations
CEO
Africa CTO
Manager CEO Senior
Manager
Disclosure &
Reporting
controller

Vulnerable road users (VRU) require special attention & protection

Non-motorised road users such as pedestrians (especially children), cyclists, motor-cyclists and persons with disabilities/ reduced mobility & orientation are unprotected in case of collisions

Despite developments in vehicle safety, vulnerable road users (VRUs) are still at risk today

Distribution of deaths by road user type, globally

VRUs account for ~50% of fatalities Every 53 seconds a VRU dies on the road Already slight injuries cost ~6.3k USD per injury2 Serious injuries cost ~140k USD per injury2 ~5bn USD total injury cost in Germany annually3

    1. Occupants of vehicles carrying more than 10 people, heavy goods vehicles and "other" users
    1. Average cost of road-traffic injuries in Germany
    1. ~160k VRU injuries in road traffic in Germany 2019

While the industry is aware of the issue, current solutions cannot detect VRUs in non-line-of-sight, posing a safety challenge

Detection of VRUs is a big problem in bad weather and darkness – current sensor technology cannot address these issues sufficiently

Former VP, Head of LiDAR Segment at Tier-1 supplier

  1. Non-line-of-sight

Our radiofrequency-based VRU solution solves this issue & makes roads safer for everyone

Optional for truck OEM

Our radiofrequency-based sensor could even detect rear overtaking vehicles or VRUs in the future

SaverOne algorithm calculates vector of movement of truck and issues 4 information to vehicle ECU

RF signals captured by 3 SaverOne ADAS sensor

Adverse weather conditions & trailer 2 block line of sight

A truck changes lanes to pass another truck in 1 adverse weather

RF ray power scale index

-107.7 dBm -57.4 dBm

10

The VRU solution can specifically detect VRUs around corners or hidden by obstacles – and in the future, also rear blindspots

VRUs around corners

Pedestrian approaching road from around the corner, not visible to the driver and not detectable by other sensors

VRUs behind obstacles

Pedestrian emerging between 2 parked cars, not visible to the driver and only detectable by strategically low or highly placed LiDAR systems

Main use cases Future use case

Blind spot detection

Detection of cars and VRUs in blindspots (especially relevant for trucks or in poor weather/ lighting)

No other sensor set-up today can do this – our solution is required to detect VRUs in non-line-of-sight

  1. Only basic detection of (moving) VRUs between cars through low-positioned sensors

  2. Especially relevant for trucks, given limited availability of rear sensors and large trailers

The VRU solution in a nutshell

Technical details

Detection, classification, localization, tracking of VRUs and notification of driver in case of potential collision

Reception and analysis of radiofrequency signals1

Operating range up to 150 meters

Capacity Up to 50 phones

High accuracy with <1 meter error2

  1. Cellular & Wifi supported (700-3,800 MHz, 5800-5900 MHz BLE)

  2. Simulation conducted in Wireless Insite

High Accuracy: error <1 meter

Error of algorithm in predicting pedestrian position depends on distance from the car (20-50m) and obstacle between pedestrian and car (glass, concrete) – depicted relative to body size, details in appendix

The VRU solution in a nutshell

Technical details

Detection, classification, localization, tracking of VRUs and notification of driver in case of potential collision

Reception and analysis of radiofrequency signals1

Operating range up to 150 meters

Capacity Up to 50 phones

High accuracy with <1 meter error2

  1. Cellular & Wifi supported (700-3,800 MHz, 5800-5900 MHz BLE)

  2. Simulation conducted in Wireless Insite

High Accuracy: error <1 meter

Error of algorithm in predicting pedestrian position depends on distance from car (20- 50m) and obstacle between pedestrian and car (glass, concrete) – depicted relative to body size, details in appendix

Our VRU solution addresses a new market of ~1.5 bn USD in 2035

  1. Including passenger cars, light commercial vehicles, truck, busses, robo-taxis

  2. TAM = Total addressable market

We address core pain points of our customers

Strong applicability for customer Limited applicability for customer
No applicability
Core value proposition Passenger car OEMs Truck & Bus OEMs Robo-taxis
Enhanced safety, improving value and
selling proposition
Potential improved
safety ratings/
regulatory benefits1
Reduced risk of liability claims2
Lower insurance cost
Optimized vehicle utilization (driving speed of AD3
potentially limited due to safety)
Projected take rates from expert survey4 Entry
Volume
Premium
10-30%
20-40%
50-80%
40-80% ~80%
1.
If testing procedures and/or scoring criteria are adjusted
    1. In autonomous driving modes
    1. AD = Autonomous Driving
    1. Based on Expert interview with n=24 experts

Target customers show a high willingness to pay for a new sensor technology like ours

Willingness to pay by customer type, in USD

detection sensor, there would for sure be a willingness to pay, I would estimate ~50 USD"

– Former Chief Safety Officer at premium OEM

"If performance, accuracy and reliability are proven, I believe OEMs would be willing to pay ~100 EUR for such a sensor"

– Former VP, Head of LiDAR Segment at Tier-1 supplier

The VRU solution could save insurance claim costs of up to ~260+ USD over the lifetime of a passenger car

Insurance claim cost could be saved on average over the lifetime of a vehicle from avoidance of collisions with VRUs

0.064 0.74%

Collision claims per vehicle p.a.1

Average spend per claim

45.3k

Potential value of up to ~ 1,875 USD on average for taxis generally given higher utilization and even further upside for robotaxis due to no breaks required

30x

Potential value of up to ~8,400 USD on average in the US given higher cost for VRU accidents with large tail towards high-end

(about 1/3 of accidents with costs >600k USD)

e.g., ~8-12mn USD settlement with a pedestrian hit by robotaxi

Note: Rounding of individual numbers

  1. p.a. = per annum

There is no direct competition – our solution is the only one that protects VRUs even if they do not have an app

Competitor 1 Competitor 2
Passive reception
of signals
Independent of active
communication between
two media
Passive radio
frequency
signal detection
Active V2X app-based
communication
Active V2X app-based
communication
Works without an
app for the VRU
Independent of
installation of specific app
or software at VRU-end
No installation
required on VRU-end
e.g., specific app, maps
apps, or firmware
package1
Add-on integration
into location-based
rd
3
party apps
Integrated into
vehicle safety
features
Could be integrated into
specific ADAS features
e.g., automatic
emergency braking
Deep integration
with other ADAS
sensors
Phone-based warning
function, potentially
with ADAS integration2
Phone-based warning
function only (no
ADAS integration)
On track to scale Active development with
tangible plan for strong
roll-out
Currently in MVP
development
Pilot phase, testing
ended in 2020 due to
lack of data/ user
coverage
Low scale, given
reliance on SDK3
integration
  1. Based on radio transmitter and receiver

  2. Published as communication with engine ECU

  3. Software development kit

We have strong ambitions and estimate a revenue potential of >480m USD by 2035

Business plan

  1. From premium passenger cars and commercial vehicles

    1. Measured in EBITDA
    1. Based on cash flows until 2035, excl. terminal value. WACC of 8.5% used for discounting cashflows

We will spin-off the VRU business into a separate entity – and are looking for a financial investment to support product development

  1. Will contribute technical expertise (e.g., chip design, sourcing, industrialization, manufacturing, logistics), commercial expertise (e.g., OEM relationships, sales channels, automotive grade process excellence), financing

We are ready to start, and will get the product MVP to customers in 2025

  1. Expert interview

We need ~35m USD to develop the commercial VRU solution and win first customers

Capital need until product commercialization 2028

Investment highlights in a nutshell

1 st

ADAS sensor to look beyond line-of-sight

~30bn USD

Annual economic cost of VRU injuries in US & EU1

>50 USD

Willingness to pay by OEM customers2

1.5bn USD

Market opportunity

>485m USD

Revenue opportunity 2035

~59m USD

EBITDA opportunity 2035

  1. As of expert survey

  2. Based on VRU injuries and related economic cost in road traffic in Germany 2022 (extrapolated to EU) and US

Our product is addressing the market for active safety and ADAS/AD

Focus of our VRU solution
Passive Safety Active Safety ADAS/Autonomous Driving (AD)
Main
objective
Mitigation of impact of collisions for
occupants and VRUs
Avoidance of collisions Enhanced comfort
SAE levels n/a 0 1
2
2+
3
4
5
Examples
of systems
Airbag Automatic emergency braking
system Car-to-Car
Adaptive Cruise Control
Occupants Safety belt Driver Distraction Monitoring Lane Centering
Chassis construction Blind Spot Detection
Fuel Pump Shut-Off Switch Electronic stability program
Examples
of systems
VRU
Chassis construction to reduce
impact
Automatic emergency braking
system
Cyclist & Pedestrian
L2+ or L4 in urban environments
system1
eCall
  1. For both VRUs and occupants

Our VRU solution addresses the most important unsolved problems in vehicle safety

Largest unsolved problems in vehicle safety today, (5 being highest)

Driver distraction and inattention Safety assist (active safety and ADAS / AD) Vulnerable road user protection Substance-impaired driving Driver and passenger protection Road infrastructure Cybersecurity Emergency Response 3.1 2.8 2.2 1.9 1.8 1.5 0.9 0.4 Our VRU solution addresses the most important problems in vehicle safety through: Improving existing ADAS systems & Providing resilient VRU detection

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