WEEBIT NANO LTD — Investor Presentation 2018

Aug 28, 2018

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August 2018

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WEEBIT NANO AT A GLANCE

Listed on the ASX in August 2016

Targeting the non-volatile memory market estimated at > USD$60B R&D and HQ in Israel, R&D partnership with CEA-Leti, France Business & Tech partners – CEA-Leti France & Rice University, USA Developing next-gen solution based on Silicon Oxide (SiOx) ReRAM Patents Registered in the USA

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SHARE INFORMATION

CAPITAL STRUCTURE

01 ASX Code: WBT 02 Share price: 5.1c[1] 03 Shares on issue: 1451m[1] 04 Options: 141m[1&2] 05 Market cap: A$74.02m[1]

06 Cash: A$3.36m[3]

1. As of 28 August 2018

2. Including performance shares

3. As of 30 June 2018

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SHAREHOLDING BREAKDOWN
7.52% 42.16% 50.32%
TOP 20 OTHER
BOARD &
MANAGEMENT Excluding Board &
Management
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LEADERSHIP TEAM

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EXECUTIVE DIRECTOR CHAIRMAN CEO CTO CFO
PhD. in Applied Physics, Ex-Intel EVP Extensive management Two decades in 20 Years CPA experience
focus on SiOx memories IEEE Fellow and sales experience Semiconductor engineering
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CEO of Tower Semiconductor for 9 years

Led Intel into the 38 years in the Data Center semiconductor domain

Board member, Brought to Market: Saifun Semiconductor Centrino™ mobile (NROM Flash) technology

Heavily involved in Verisity and Jasper acquisitions

45nm NOR Flash Senior Manager at Technology Development PWC Israel at Micron

Active Board member of Was part of Automotive multiple companies in division at Intel TASE and NASDAQ

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NON-EXEC/ADVISORY TEAM

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DIRECTOR DIRECTOR DIRECTOR INVENTOR
Chairman and major 15 years in Investment Banking Extensive management Scientist of the Year 2013
shareholder of Electro and financial experience R&D magazine
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Chairman and major shareholder of Electro Optics Systems (EOS)

Founding member of Investec Bank Australia

Led the financial teams at a number of publicly traded international companies

Inducted to the National Academy of inventors

Chairman of Audio Pixels (AKP)

Founding General Partner, OurCrowd

Feynman prize in Nano science

Owns a wide variety of companies worldwide

Strong experience in equity raisings for public companies

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WEEBIT RERAM TECHNOLOGY Next generation memory technology

Faster and more efficient than flash memory

Prototype 40nm 1Mb array achieved – comparable with current embedded memory technology

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Key differentiator: WBT uses silicon oxide – the most commonly used material in the semiconductor industry

Silicon oxide enables lower cost and shorter time to market

Confidential

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RERAM VS. FLASH

The parameters needed for the next generation memory solution are:

	Flash (3D-NAND)	Flash (3D-NAND)	Weebit’s ReRAM	Weebit’s ReRAM
Speed	Does not provide any speed improvement for tomorrow’s needs	X	~1000X faster programming and read operations	
Energy Efficiency	No power improvement per bit, consumes higher energy	X	~1000X more energy efficient by low voltage and fast write	
Manufacturability	Very challenging manufacturing process, not compatible with standard logic process (very difficult to embed)	X	Simple process, utilises standard material and machinery – compatible with standard logic process	
Density	Provides increased capacity for the near future		Scalability allows higher future density	
Reliability	High error rate and limited endurance	X	10-100X higher endurance	

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EXPECTATIONS MET Every committed milestone met ON TRACK to start work on 28nm by end-2018

JUN 2018 40nm 1Mbit Array

FEB 2018 40nm 4Kbit Array

NOV 2017

40nm working cells OCT 2017

300nm 4Kbit Array MAY 2017

Miniaturisation started SEPT 2016

Development kicked off at Leti

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FIRST MEMORY CHIP PACKAGED

Moving closer to commercialisation

• First packages of SiOx 1Mb 40nm memory chips now ready

• Memory chips are in the form of existing memory chips being used by customers in phones, PCs or storage devices

• Enables additional testing as the company moves closer to commercialisation

• Technology can now be shipped to potential partners for evaluation

Will assist in potential commercial partnership discussions

• Universities can begin neuromorphic computing research (used for Artificial Intelligence) using WBT’s technology

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STEPS TOWARDS COMMERCIALISATION

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Mid Q1 Q4 Q4
> 2021
2018 2019 2019 2020
40nm 4Kb Array 1Mb Array Process 28nm/300mm Production Fab IP revenues
demonstrated Demonstration Optimisation Integration Qualification
Done
Done Baseline
State of the Technology
improvement to art embedded transfer and IP
achieve robust
process qualification
Technology readiness
parameters
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• Timeline refers to calendar year

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ALLIANCE WITH CEA – LETI*

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A real partnership, with ideal mix of expertise, innovation and flexibility
France-based research institute for electronics and information technologies
Leti assists companies to bridge the gap between research and manufacturing
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FROM PROTOTYPES TO PRODUCTION

Proven international track record in moving from R&D to production

MEMORY EXPERTISE

Over 10 years of experience in memory technology development

NANOTECHNOLOGY SPECIALIST

State of the art industrial tools

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MANUFACTURING ALLIANCES

Over 330 industrial partners

INNOVATION HUB

60+ start-ups in semiconductor, architectures or software

COLLABORATION

Working on 40nm SiOx development since September 2016

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CUSTOMERS

Intel, ST Microelectronics, Global foundries

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*LETI, A SUBSIDIARY OF FRANCE’S NUCLEAR AND RENEWABLE ENERGY COMMISSION COMMISSION. HTTP://WWW.LETI-CEA.COM/CEA-TECH/LETI/ENGLISH/PAGES/WELCOME.ASPX

FLASH MARKET OVERVIEW

Quarterly NAND Flash manufacturers' revenue worldwide

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Source: Statista 2018
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• Large market experiencing exponential growth

• Over US$60B/year

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ReRAM: FORECAST FOR EXPONENTIAL GROWTH IN MARKET VALUE

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Emerging memory technologies forecast for significant growth

ReRAM technology expected to be the fastest growing emerging memory technology with a CAGR of 119%

ReRAM forecast growth due to competitive cost/performance in both storage class memory and mass storage applications

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RERAM DENSITY EXPECTED TO MATCH FLASH

Highest capacity memory chips best address Storage Class Memory

= Flash

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NEUROMORPHIC COMPUTATION

ReRAM well positioned for significant growth in Artificial Intelligence

• ReRAM’s operation mimics the biological computation at the synaptic level

• Physical similarities lead to functional similarities

• Combines memory and processing units using synapse and neuron like cells

• ReRAM for AI is significantly more energy efficient than today’s data centres, and significantly smaller

• ReRAM is therefore very well placed to capitalise on the emergence of AI capabilities

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Ions migration leads to resistivity modulation

ReRAM technology enables brain-inspired AI systems

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WEEBIT’S COMPETITIVE ADVANTAGE

Speed to market is a significant competitive advantage

• Weebit’s ReRAM is based on standard Silicon-Oxide (SiOx) – the material used in the Semiconductor industry for decades

• Doesn’t require special tools or processes – easy & fast implementation in any semiconductor fab

• Enables achieving high yields (working parts) faster – directly translates into profits

“Compared to other competing technologies, it (Silicon Oxide) offers higher stability, greater resistance contrast, ease of process integration , and the potential to minimise the requirement for cell selector elements. While there remain some challenges ahead to fully realise SiOx-based ReRAM memory chips or neuromorphic systems, silicon oxide is rapidly emerging as one of, if not the most, suitable contenders in the race to exploit resistance-switching technologies. ”

Adnan Mehonic et al., Advanced Materials Progress Report, 2018

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KEY PRIORITIES FOR NEXT 12 MONTHS

TECHNICAL

• Bring the technology to production-level requirements

• Start working on 28nm technology

BUSINESS

• Sign first cooperation agreement with a key industry player in Q4 2018

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DISCLAIMER

This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives for future operations; and the potential benefits of our products and research technologies. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “will,” “expects,” “plans,” “anticipates,” “estimates,” “potential” or “continue” or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond our control. All forward-looking statements and reasons why actual results may differ are based on information available to us when initially made, and we assume no obligation to update these forward-looking statements or reasons why actual results might differ or the information set forth herein.

In addition, we do not make any representations or warranties, express or implied, with regard to the information included in this presentation of any other related document or information disclosed or furnished in connection thereto, including, without limitation, with respect to the accuracy, reliability, completeness or its sufficiency for any particular purpose. This information is proprietary and confidential of Weebit and is provided on a confidential basis and may not be disclosed or used without our prior written consent. You acknowledge that the disclosure and use of the information may be further prohibited under applicable securities or other laws. This presentation is made for informational purposes only and does not constitute an offer to sell

any interest in Weebit not does it form the basis of any contract or agreement between the parties.

Third party data

This presentation includes or is otherwise based on information obtained from publicly available information, such as Statistica 2018, Yole Développement June 2017 and Advanced Materials Progress Report, 2018; and (iii) other information publicly released by corporations and government departments. Weebit has not independently verified or audited this information or any information. Accordingly, the accuracy and completeness of such information is not guaranteed. This data has been accurately reproduced and, as far as Weebit is aware, no facts have been omitted that would render the information provided inaccurate or misleading. Investors should note that market data is inherently predictive and subject to uncertainty and is not necessarily reflective of actual market, industry and macroeconomic conditions. Specifically, there is no assurance that any of the forecasts or projections will be achieved. Forecasts and projections involve risks and uncertainties and are subject to change based on various factors, including those discussed above.

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THANK YOU

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