Cipia Vision Ltd.

Investor Presentation • Nov 20, 2023

() сіріа COMPUTER VISION AI FOR IN-CABIN SENSING

Company presentation | November 2023

Cipia Vision Ltd

DISCLAIMER

• · This presentation was prepared by Cpia Vision Ltd. (the "Company") as a general presentation is not intended as a substitute for inspection of the Company's formal reports as required and the law, including, among others, the Company's annual report for the year 2022, as published on March 13, 2023, and the Company's sem-anual ended June 30, 2023, as published on August 20, 2023, and any subsequent inmediate reports the "Company Reports". To the extent that there are any contraction the Company Reports as required pursuant to any have the company Reports shall prevail.
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• · This presentation does not constitute or embody partness scurities of the Company and does not constitute or embody part of the invitation of reeive such offers, and, in particular, does not constitute an "sale to the public" of any kind. Sich an offer shall be made only in accordance with the provisions of the law, after obtaining the necessary permits from the Israeli Securities Authority and the Tel-Aviv Stock Exchange.
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CIPIA: FOCUS ON DRIVER AND CABIN MONITORING

Click to watch video

LEADING IN-CABIN SENSING PROVIDER

SBCM 571 57 (2) 2 Lifecycle value of Platforms Employees Patents & Vehicle Models (design OEMs hardware & software applications wins) SIBM Lifecycle value of software Lifecycle value of signed agreements July 2023 - June 2028* Vehicle OEM agreements only - does not include additional aftermarket software and device revenue

*As of August 15, 2023. It is clarified, that the Forecasted Life CV, From Signed Agreements is based on forecasts received by the Company from the manufacturer. However, the Company estimating of the Forecasted LCV from Signed Agreements from the sale of hartware (cameras) is lower than that from the sale of software, due to the availability of allernative in the market. The agreements do not require minimum quantity. Cipia Vision Ltd

THE PROBLEM BEHIND THE STEERING WHEEL

1,350,000

Die in road accidents annually

World Health Organization

Distraction in the 3 seconds prior to the collision

National Highway Traffic Safety Administration

21%

Fatal collusions are caused by drowsiness

American Automobile Association

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

distraction warnings are required in new vehicles

congress bill to prevent automation complacency and misuse

with driver monitoring

2023 - 2025

2024 - 2026

2022

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

2023

INCREASING DEMAND AMONG OEMS FOR DRIVER MONITORING

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

CIPIA'S IN-CABIN SENSING SOLUTIONS

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

Driver monitoring device for telematics service providers and fleets

Cabin monitoring software (under development) for automotive OEMs

Safety

Safety & fleet optimization

Safety & convenience

ADVANCED COMPUTER VISION AI TECHNOLOGY

Yaw 11	-5.50		Pitch	0.6		Roll		-1.90
	Pupil dilation		Blink rate		Blink duration			Glasses
	32.0%		74.0		0.00 sec
		Left Eye					Right Eye
Yaw	-2.3"	Pitch	-32"	Yaw	5.8		Pitch		-0.9"
72.2 ×	Y !	-1.7 -1.7	0.3 Z	×	72.8	TY	4,6	Z	0.2

FPS : 30 Person ID : Tal AOI : 5 Eye Mode : SACCADE Real Driver : YES

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

DRIVER ALERTS

• · Safety alerts (distraction, drowsiness, seatbelt, phone)
• · Compliance (smoking, seatbelt, phone)
• Dispute resolution

SMARTER FLEET MANAGEMENT

30 |

30 20

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

Weekly report

John Smith

Risk: 56

	30 20 10
Asleep		Distraction
	30 20 10
Phone		Seatbelt
0-20 Kph	20-50 Kph	>50Kph

AUTONOMY IS A GROWTH ENGINE

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

EACH PLATFORM REPRESENTS MULTI-MODEL POTENTIAL

TOP 3 PLAYERS IN THE DMS MARKET

	OEMs	Platforms	Models	Positioning	Market cap
cipio	ு	14	57	Lean hardware & strategic partnerships	TASE: CPIA "\$30M
smart eye	19	?	217	# of OEMs	Nasdaq Nordic: SEYE "\$160
seeingmachines	10	15	160	# of miles accumulated through TSP business	AIM: SEE "\$313

Customer data source: Smart Eye source (March 7, 2023) and Seeing Machines source (January 2, 2023) Market cap source: respective stock exchange data as of August 14, 2023

Cipia Vision Ltd

BUS NESS MODEL

*Based on safety standards and regulation, the market is adopting DMS at a faster pace (previously reported as 1 - 3 years),

**Price increase reflects ADAS ready and connected units.

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

DRIVER SENSE: CONTINUOUS GROWTH

4 OEMs already in serial production

H1 2023 ACHIEVEMENTS

Financials compared to H1 2022

in gross profit compared to H1 202201

in gross margin compared to H1 2022(1)

Units compared to end of 2022

in vehicle manufacturers (OEMs) choosing company products(2)

(1) As of August 15, 2023. (2) As of November 19, 2023.

in awarded vehicle models(2)

FINANCIAL REPORTS

Profit & Loss (thousands of USD)	June 2023	2022	2021	2020
Total Revenues	2,499	5,329	4,778	1,7451
Gross Profit	840	1,167	1,893	641
Gross margin	34%	22%	4.0%	3776
R&D expenses	2,610	5,292	5,002	3,801
S&M expenses	1,518	4,412	3,478	2,426
G&A expenses	1,648	3,112	2,725	1,012
Total Operating expenses	5,776	12,816	11,205	7,239
Financial expenses (income)	713	1,256	(9,399)	*9,516
Profit (loss) before taxes	(5,649)	(12,905)	87	(16,114)
Balance Sheets
Cash and equivalents	10,491	16,155	19,767	3,858
Inventory	1,317	1,839	1,755
Loans from Bank	869	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

\$97.5M RAISED IN TOTAL

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

MANAGEMENT

Yehuda Holtzman CEO	35+ years experience of executive management & entrepreneurship in the tech industry	mobilogy mobileaccess.
Tal Krzypow VP Product & Strategy	15+ years experience of global scale software products	- Microsoft
Shelly Mesilati CFO	15+ years experience of financial management including capital raising for tech companies	X overs
Erez Steinberg CTO	20+ years experience of development activities including hardware and software	freescale
Guy Tsafrir VP R&D	25+ years experience of software development and management	Cognata SAMSUNG & & GEHealthCare
srael Ronn VP Telemetry & Fleets	30+ years experience of executive management in the automotive industry	spotam
Liat Rostock VP Marketing	One of Cipia's earliest employees with 10+ years of marketing experience	Cipia

BOARD OF DIRECTORS

Bringing automotive, Al technology and financial experience to support the company's growth

Prof. Eli lalmor	Gal Shmueli	Dr. Thomas Wetzer	Dr. Seshu Bhagavathula	Orit Lerer	Alejandro Weinstein	Prof. Eli Amir
25+ years in Private Equity and Venture Capital	Colonel and technology leader in elite intelligence military units	10+ years experience in growth capital investments including and sensing (20 at Asia	30+ years in automotive tech Daimler)	40+ years of executive management in Bank Hapoalim	Partner and founder of Olive Tree Ventures	30+ years in financial accounting
Senior Professor at London Business School	Founder of several startups with \$1.6B exits	GM of Jebsen Capital CTO and President	at Ashok Leyland Group	Rich financial and managerial experience in global corporations	Led. as CEO and entrepreneur billions of dollars M&A deals	Senior Professor at Coller School of Management and Accounting Chair

and visiting prof. at London Business

School

JOIN THE GROWTH

* The contracts do not require minimum quantity. Please see slide 4 for additional information regarding schedule and assumptions.

Cipia Vision Ltd

www.cipia.com

info@cipia.com