() cıpıa COMPUTER VISION AI FOR IN-CABIN SENSING

Company presentation | March 2023

Cipia Vision Ltd

DISCLAIMER

This presentation was prepared by Cipia Vision Ltd. (the "Company") as a general presentation regarding the Company. This presentation is not intended as a substitute for inspection of the Company's formal reports as required under the provisions of the law, including, among others, the Company's annual report for the year 2022, as published on March 12, 2023, and any subsequent immediate reports (the "Company Reports"). To the extent that there are any contradictions between this presentation the Company Reports as required pursuant to any law, the Company Reports shall prevail.
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ClPIA: FOCUS ON DRIVER AND CABIN MONITORING CipiO

LEADING IN-CABIN SENSING PROVIDER K'J CIpIO

Lifecycle value of hardware & software

Lifecycle value of software only

Lifecycle value of signed agreements Jan 2023 - Dec 2027*

Vehicle OEM agreements only - does not include additional aftermarket software and device revenue

*As of March 12, 2023. It is clarified, that the Forecasted Life Cycle Value (LCV) From Signed Agreements is based on forecasts received by the Company from the manufacturer. 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.

Cipia Vision Ltd

THE PROBLEM BEHIND THE STEERING WHEEL cipio

1.350.000

Die in road accidents annually

Distraction in the 3 seconds prior to the collision

\ National Highway Traffic Safety / \ Administration /

World Health Organization 'y _ \ 21%

Fatal collusions are caused by drowsiness

\American Automobile Association/

2023 - 2025

2024 - 2026 2023

misuse

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

ClRIA'S IN-CABIN SENSING SOLUTIONS CIpIO

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 1	-5.50		Pitch	0.6		Roll		-1.9°
Pupil dilation			Blink rate		Blink duration			Glasses
32.0%			34.0		0.00 sec
Left Eye				Right Eye


Yaw	-2.3"	Pitch	-32"	Yaw		5.8°	Pitch		-0.9"

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 ({3 CipiO

Targeting telematics service providers

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

DRIVER ALERTS SMARTER FLEET MANAGEMENT

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

John	Smith	56 Risk:

AUTONOMY IS A GROWTH ENGINE Clpio

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

EACH PLATFORM REPRESENTS MULTI-MODEL POTENTIAL

3 TOP PLAYERS	IN	DMS THE	Colin Barnden @semicast_res clear Cipia is a of supplier highly and is • 26/01/2022 13:40	/ Semicast Research third automotive-grade DMS underrated. • Twitter App Web	cipia
			Models	Positioning	Market cap
<0 Cipio		10		hardware Lean & strategic partnerships	TASE: CPIA ~\$17.5M
smart eye	18		142	of # OEMs	Nordic: Nasdaq SEYE "\$153
seeingmachines	10		160	of # miles through accumulated business TSP	AIM: SEE ~\$369M

Customer data source: https://www.linkedin.com/posts/colin-barnden-1081376\_ces-driver-monitoring-activity-7019653458244841472-bl9S?utm\_source=share&utm\_medium=member\_desktop Market cap source: respective stock exchange data as of March 2, 2022

BUSINESS MODEL K'J CIpIO

*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

FINANCIAL REPORTS ({3 CipiO

of Profit (thousands Loss & USD)	2022	2021	2020
Total Revenues	5,329	4,779	1,741
Profit Gross	1,167	1,893	641
margin Gross	22%	40%	37%
expenses R&D	5,292	5,002	3,801
expenses S&M	4,412	3,478	2,426
expenses G&A	3,112	2,725	1,012
Operating expenses Total	12,816	11,205	7,239
^me) ' expenses Financial	1,256	(9,399)	9,516
before Profit taxes (loss)	(12,905)	87	(16,114)
Balance Sheets
equivalents and Cash	16,155	19,767	3,858
Inventory	1,839	1,755	-
from Loans Bank	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

\$97.5M RAISED IN TOTAL (i'j CIpIO

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

BOARD OF DIRECTORS K'J CIpIO

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

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

and visiting prof, at London Business

School

MANAGEMENT

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

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