Cipia Vision Ltd.

Investor Presentation • Jul 20, 2022

() cipia COMPUTER VISION AI FOR IN-CABIN SENSING

Company presentation | July 2022

Cipia Vision Ltd

DSCLAIMER

• · This presentation was prepared by Copany'' as a general presentation rearding the Company. This presentation is not intended as a substitute for inspection of the Company's formal reports as requiries of the law, including, anong others, the Company's annual report of the year 2021, spublished on March 31, 2022, and any subsequent inmediate 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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9 CIPIA: FOCUS ON DRIVER AND CABIN MONITORING

cipia

LEADING IN-CABIN SENSING PROVIDER

55 Employees

Lifecycle value of signed agreements 2022-2026*

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

*As of March 2022. 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 Orqanization

Distraction in the 3 seconds prior to the collision

National Highway Traffic Safety Administration

2196

Fatal collusions are caused by drowsiness

American Automobile Association

2023 - 2025

2024 - 2026

2019

misuse

2025 (expected)

2022

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

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-pdff.pdf

CIPIA'S IN-CABIN SENSING SOLUTIONS

8

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	-23"	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

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

Phone 0-20 Kph Seatbelt

20-50 Kph

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	cipic
	OEMs	Platforms	Models	Positioning	Market cap
cipia	5	8	23	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

BUSINESS 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

2021 FINANCIAL REPORTS

Profit & Loss (thousands of USD)	2021	2020	increase
Total Revenues	4,779	1,744	1745%
Gross Profit	1,893	647	195%
Gross margin	4.0%	37%	8%
R&D expenses	5,002	3,801	32%
S&M expenses	3,478	2,426	43%
G&A expenses	2,725	1,012	169%
Total Operating expenses	11,205	7,239	55%
Financial (expenses) income*	(9,399)	9,516	-98%
Profit (loss) before taxes	87	(16,114)
Balance Sheets
Cash and equivalents	19,767	3,858	412%
Inventory	1,755
Loans from Bank	1,965	633	210%
Derivative Financial Instruments		19,670
Preferred equity (Liability)		51,371
Backlog	5,688	416	1267%

* Based mainly on financial instruments and converting them to equity in 2021

OEM SIGNED AGREEMENTS EXPECTED LIFECYCLE VALUE

5 year (2022-2026) LCV – vehicle OEMs only

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

Cipia Vision Ltd

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

MANAGEMENT

10.00

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	CIPIO
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.

Cipia Vision Ltd

www.cipia.com

info@cipia.com