Cipia Vision Ltd.

Investor Presentation • Aug 17, 2022

() cıpıa COMPUTER VISION AI FOR IN-CABIN SENSING

Company presentation | August 2022

DISCLAIMER

• · This presentation vas prepared by Cipia (the "Company") ss a general presentation is not intended as a substitute for inspection of the Company's formal reports as required the law, including, anong others, the Company's annual report of the year 2021, as published on March 31 2022, and any subsequent in mediate reports " To the extent that there are any contractions between this presentation the Company Reports as required pursuant to any law, the Company Reports shall prevail.
• · The information included in the presentation of the marrendation or opinion about any investment and does not constitute an offering or an invitation to purchase securities of the substitute the need for independent review and personal advice in accordance with the specific circumstances of each investor.
• · This presentation may include Forward-Loving In the Securities Lay, 5726-963, including forecass, estimates, assessments and the infornation pertaining to future events. In certain cromanian internation where use of cetain words or prases is made, including "expected", "believe", "may" appreciate that (something may hand" "continue" "can" "nay" plan", or other similar phrases or words. The Forward-Looking information in this presentation is based on subjective assessment as of the date of this presentation, which although the Company believes to be reasonable, are inheently uncetain. Forward on incoles risks or uncertainties, including factors beyond the Company's control, of which, as well as the realization of any of the Company's operations, may materially impar the Company's results and cause actual results to differ materialy from the Forvard Looking Information is solely aimed at the date to which it relates Except for the obligation to disclose information as required by applicable securities laws, the Company information contained in this presentation, whether as a result of new information, fulure events or other reasons. It is a company's business plans and strategy included in this presentation are accurate as of the date of the date of the date o presentation and may change in accordance with resolutions of the Company, as may be resolved from time to time.
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• · This presentation includes only partial information in the chare with its shareholders and the coneral public investing in the Company's secuties. It i possible that the mamer in which in the presentation is presented is different from the manner in which his information is included in publications in the Company's reports. This presentation in the topics described in it, in the context in which they are discussed, and not the full information available to the Company in relation to these topics This presentation of the company and the company and the explancions to them, and Company's business plans or the company's activities and in risk factors that apply to the Company and is not intented to review Company Reports.

CIPIA: FOCUS ON DRIVER AND CABIN MONITORING

LEADING IN-CABIN SENSING PROVIDER

device revenue

55 Employees

*As of August 2022. The agreements do not require minimum quantity.

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

2196

Fatal collusions are caused by drowsiness

American Automobile Association

misuse

2025 (expected)

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

2019

2024 - 2026

2023 - 2025

2022

INCREASING DEMAND AMONG OEMS FOR DRIVER MONITORING

Driver monitoring market (millions of units) and adoption rate

90 M

Vehicles sold annually

Source: Redeye Research

Data refers to monitoring drivers using a camera

https://s3-eu-west-1.amazonaws.com/rdey-cms-prod/app/uploads/2020/10/smart-eye-update-october-2020-pdf1.pdf

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		-1.9°
Pupil dilation			Blink rate		Blink duration		Glasses
32.0%			74.0		0.00 sec
Left Eye			Right Eye
Yaw	-2.3"	Pitch	-32ª	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

Targeting telematics service providers

DRIVER ALERTS

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

SMARTER FLEET MANAGEMENT

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

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			@semicast_res Cipia is a clear third and is highly underrated. 13:40 · 26/01/2022 · Twitter Web App	Colin Barnden / Semicast Research supplier of automotive-grade DMS	cipig
	OEMs	Platforms	Models	Positioning	Market cap
cipia	5	8	24	Lean hardware & strategic partnerships	TASE: CPIA "\$50M
smart eye	14	12	90	# of OEMs	Nasdaq Nordic: SEYE "\$125
seeingmachines	10	13	110	# of miles accumulated through TSP business	AIM: SEE "\$267M

Customer data source: Smart Eye news as of February 7, 2022; and Seeing Machines news as of June 6, 2022 Market cap source: respective stock exchange data as of July 12, 2022

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

3 OEMs already in serial production

FINANCIAL REPORTS

Profit & Loss (thousands of USD)	June 2022	2021	2020
Total Revenues	2,978	4,779	1,745
Gross Profit	507	1,893	641
Gross margin	17%	40%	87%
R&D expenses	2,308	5,002	3,801
S&M expenses	2,304	3,478	2,426
G&A expenses	1,883	2,725	1,012
Total Operating expenses	6,495	11,205	7,239
Financial expenses (income)*	1,301	(9,399)	9,516
Profit (loss) before taxes	(7,289)	87	(16,114)
Balance Sheets
Cash and equivalents	9,788	19,767	3,858
Inventory	1,183	1,755
Loans from Bank	1,643	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

OEM SIGNED AGREEMENTS EXPECTED LIFECYCLE VALUE

*Based on the 2021 financial report forecast, 75% of LCV is based on 2 primary customers.

\$86M RAISED IN TOTAL

Years	Round	Main investors	Amount
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

BOARD OF DIRECTORS

20

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

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

MANAGEMENT

Yehuda Holtzman CEO	35+ years experience of executive management & entrepreneurship in the tech industry	mobilogy mobileaccess.
Tal Krzypow VP Product	10+ years experience of global scale software products	Microsoft
Shelly Mesilati VP Finance	15+ years experience of financial management including capital raising for tech companies	X overs
Erez Steinberg VP R&D	15+ years experience of development activities including hardware and software	freescale
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
Ron Zomber VP Operations	40+ years experience of operations and management in the tech industry	msystems SIEMENS

JOIN THE GROWTH

* The contracts do not require minimum quantity.

www.cipia.com

info@cipia.com