Axilion Smart Mobility Ltd.

Investor Presentation • Jan 22, 2024

www.axilion.com

www.axilion.com Confidential

Disclaimer

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 Israeli Securities Law 5728-1968 (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.

Overview

Axilion (TLV: AILN) harnesses the power of AI to help cities take control of their mobility challenges. Our cutting -edge X Way suite of AI Cloud Services (SaaS), generates real -time traffic insights and optimized traffic plans, enhancing urban livelihood.

Axilion – Start of 2024:

X Way is a unique solution, field tested, validated business model, outpacing current technologies

Nine pilot engagements, at various stages, with customers managing over 12,000 intersections

US market focus, largest worldwide, with excellent traction

Key 2024 milestone – multiyear, significant service contract within 2H24

Secured a wide range of business partners, aimed at expanding and accelerating US market penetration

Las Vegas pilot showing 12% improvement in main arterial travel time, annual \$1.3M commuter time savings

						Time Space Trajectories of Blue Diamond-Windmill
Period	Speed (mph)	Travel Time (s)	Distance (ft)	Speed Ratio	# of Stops	1 www. Speed Lindt - \$65000 \$ 10 mm million and 12-2630 2813: & Canton Na www.falchild. 11-6-200 (414) 01-1.00 - 16/202114:30 10/96 2012/2018 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -- SONOCES 3-11 Mille 30-0-25591 Canadian CA Castle ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1996: burungs ! -- 10/10/2021 3:21:38 PM 2010-2010 -- 10/20/2021 3-41-11 PM 30 0-2020 -- 11:2:2013-1 K 30:04:20:00 === -- 11/17/2021 3-5/49/99 PM 20 0-2008 2543; Consumers & ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -- 10/11/2021 3:00:36 PM 20 Q-2001 - 121535211354186 3010-303 -- 1215/2023 2-9:21 PM 20-0-258 2250; Burnes - 12/20/2021 4:49:20 PM 20 0 2011
Speed Limit	55.0	423	34134		0	-- 12019603 125 -------------------------------------------------------------------------------------------------------------------------------------------------------------- -- 12/27/2021-4 031/24/94 2010-2010 --- 12013621 4.3668098 30 0-300 -- 1227-2623-1 10:56-94-20-254 -- 12017-2011-02-20 14-02-2011 - 12:28:203 4.10:58:PM 20-0-2591 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -- 12/28/2021 4/94 17/94 30 0.000 212 to Reporter Ste -----------------------------------------------------------------------------------------------------------
All	29.4	822	34134	0.53	4.8	-- 12:28:3621-118 16/04 2010-2018 - 12/28/2014-01-20 0-20 0-2010 --- 12/06/2024.1-36 ST (the 30-0.30%) - 1225/2011 1 28/21 PM 20 0 2020 -- 1200-9033 43521 PM 30-0-200 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -- 1205/2016 WASHING 30-0-2008 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ - 12/25/2023 1 ===============================================================================================================================================================
Before	26.3	898	34134	0.48	5.3	400 Jords ! - 1225/2021 6 77/26/90 2010-2018 -- 12/29/20214:52:21 PM 20-0-2014 10/2024 6 79 20/90 2013-2018 www. UFAQUA 1-11-81-04-01-2019 -- 111/2004 3-41-40/94 2012-2130 - 1713054 3-6117-9% 30-368 -- 111/2014 110-014 2010-2014 11- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
After	30.6	790	34134	0.56	4.6	-- 111/2014 4 20107/98-2012-2031 www.sancolous a for littless 30-0.3000 1479: Security We 2009 ander
Difference	4.4	-108	0	0.08	-0.6	REPO, FREQUIRE FOR 1185 Vallets There Black McC Cases Racks Jack
Difference%	16.6%	-12.0%	0%	16.6%	-12.0%	00 make 02 mills C-4 mills CM ander Company GB mater 20 million 20 million 2001 million 2000 million 2000 million 2000 million 2000 million 2000 million 2000 million 2000 million 2000 million 2000 million 2000 16- ender M makes 20 mile

Poorly timed traffic signals contribute to massive inefficiencies in driver commutes and significant fuel emissions

Approximately 7% of driving time is spent waiting at signalized intersections.

An existing \$1 billion yearly industry at a disruption point

There are over 330,000 signalized intersections in the United States.

Federal guidelines require retiming at least every 2-to-3 years.

City leaders are under increasing pressure to address commuter satisfaction, safety & micro mobility

\$550 billion is available for transportation innovation through federal grants

Embracing innovation in signal timing

Retiming a single intersection costs between \$2,500 to \$3,500, costing cities over \$1 billion every couple years

Traffic engineering did not change over the last century!!

Engineers lack the ability to experiment with traffic signal changes without impacting realtime traffic and potentially putting drivers at risk.

Traffic engineers are rooted in a conservative mindset and haven't changed their approach in 50 years.

Cities cannot process the sheer volume of data needed to make effective traffic signal enhancements.

Paradigm shift from a manual, one-corridor-at-a-time approach, to an AI powered, SAAS based automated solution for managing signal timing on the large scale

X Way uses AI-Powered digital twin technology to test tens of thousands of traffic signal timing without affecting real-time traffic

Partners and Prospects

Case study:

• Controls over 1,600 intersections,
• \$445M annual budget

Timeline Sep 2023 – Jan 2024

LOCATION

Blue Diamond Rd. 9 intersections across 6.5 miles Las Vegas, NV

Speeding Up Travel Time by 12% for RTC of Southern Nevada

improvement in main arterial travel time

Initial time-space analysis shows an average speed of 33mph in vehicles traveling westbound, marking a 10.4% reduction in travel time

delay

23%

\$1.3M dollars saved annually

Projected annual savings resulting from a combined 68K hour reduction in commuter travel time and a 39-ton reduction in carbon emissions

reduction in control

Projected improvement in commuter delay due to traffic signal operation for signalized intersections

The traffic management market is massive and is poised to grow exponentially in the coming years

Intelligent traffic management system market growing at a 13.8% 4-year CAGR

Source: Grand View Research

Axilion is the only company today with the capability to address the entire market

\$11.86B

Serviceable by Axilion

Total intelligent traffic management system market

\$7.7B Serviceable by competitors

65% of market with connected intersections

Source: The Insight Partners

Optimizing specific traffic corridors has a network effect that extends to interconnected corridors

One City Sparks Regional Connections Single Pilot, Citywide Reach

Utilizing a network of interconnected cities to broaden our impact across the

pilot to unlock the potential of citywide distribution.

With a software based solution and a threemonth pilot, this SAAS based platform expands in a dramatic manner across geographies

14

A tiered SAAS model enables Axilion to serve a diverse market, offering clients the flexibility to upgrade

Financial projections:

EOY 2023 FCF:

\$8.1M

The afore mentioned constitutes a forward-looking statement only, based on market assessment and the company management's forward-looking estimates. There is no assurance that this forecast will be realized.

Thank you!