AI assistant
Cipia Vision Ltd. Investor Presentation 2022
6727_rns_2022-08-17_fdb47fc3-eba0-4d78-9b84-d9571b2beada.pdf
Investor Presentation
Open in viewerOpens in your device viewer
() 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.
- · Cther than trademarks that are over which the Company has the right to use, the trademarks included in this presentation are the property of their owners and are used in this presentation the context only. The use of such trademarks may not be construed as approval or verification in realtion in realtin to the Company's software, services, or securities.
- · For the avoidance of doubt, the Company does not undertake to update the information contained in this presentation.
- · This presentation does not constitute or embody of the Company and does not constitute or embody part of the invitation o receive such offers, and, in particular, does not contribute or "sale to the public" of any kind. Such 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.
- · 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
