WEEBIT NANO LTD — Investor Presentation 2022

Apr 4, 2022

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ReRAM: The Future Memory Goldman Sachs Emerging Tech Conference April 4[th] , 2022

Who We Are?

Leading developer of innovative next-generation memory technologies for the global semiconductor industry

We are enabling a leap forward in memory technology for a new era of connected devices

Global NVM Market (US$B)*

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Founded: 2015 Located in Israel & France ASX: WBT

Current business model:

IP licensing to semiconductor companies & fabs

R&D partner: CEA-Leti, Leading microelectronics research institute

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Signed 1st commercial deal; Ongoing discussions with new customers

World-leading team 50 personnel* (90% engineers/ scientists)

Silicon-proven technology Volume production expected 2023

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100
10.84%
CAGR
54
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2020
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2026
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NVM = Non-Volatile Memory

* Includes employees and contractors

* Source: MarketsandMarkets; company data

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World-Renowned Board of Directors

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David (Dadi)
Dr. Yoav Atiq Raza Fred Bart Ashley Krongold Coby Hanoch
Perlmutter
Nissan-Cohen NON-EXEC. CEO
NON-EXEC. NON-EXEC.
CHAIRMAN EXEC. DIRECTOR DIRECTOR DIRECTOR DIRECTOR
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Strong and Experienced Management

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Ishai Naveh Amir Regev Ilan Sever Eran Briman Alla Felder
Coby Hanoch
CTO VP TECH. VP R&D VP MARKETING & CFO
CEO DEVELOPMENT BUSINESS DEV.
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Semiconductors Are a Differentiator

 The world has transformed from energy / finance focus to semiconductor / computer focus  9 of the top 10 companies in Q3’21 are reliant on semiconductor technology development

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353.1B 208.8B 206B 197B 185B
2011
353.5B 276.4B 208.5B 198.7B 191B
2.11T 1.66T 776.8B 579B 517.9B
2021
2.33T 1.77T 985.9B 619.9B 574.4B
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Source: Charts show data from Q3 2011 and Q3 2021 https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization#World_Largest_market_capitalization_companies

Companies developing and heavily relying on semiconductor

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Chip Shortage Leading to Huge Investments to Build Capacity

Government Investments ($B)	Government Investments ($B)	Government Investments ($B)
United States	52B* +	4 new fabs
European Union	$30-50B+	4 new fabs
Japan	6.8B	5 new fabs
China		10 new fabs
India	$10B
Korea	$452B**	5 new fabs
Taiwan		10 new fabs
Singapore		1 new fab

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Semiconductor Companies Expected to
Increase Capital Spending by ≥40% in 2022
91,845
60,607
37,816 37,507
2019 ($M) 2020 ($M) 2021 ($M) 2022F ($M)
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Source: SIA , 2/2022 *Not yet passed ** through 2030

* Includes 13 companies; Source: IC Insights 2022

• Memory = 35% of fab equipment spending 2022-2023

• Memory + foundry represent most of the capacity increases – SEMI, March 2022

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Non-Volatile Memory: Existing Technology Not Keeping Pace

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Data created, captured, copied,
and consumed worldwide
175 ZB
180
160
140
120
100
80
60
40
20
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Zetabytes
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NVM Requirements
Flash memory can’t
meet these needs
Energy Efficiency
High Endurance
Highly Scalable:
Sub-28nm
Fast Write
Speed
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* Source: Data Age 2025, with data from IDC Global DataSphere

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Weebit ReRAM is uniquely positioned to address changing requirements and replace flash

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The Weebit ReRAM Advantage

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~100x

Faster access time than flash

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175ºC

Reliability for up to 10 years

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>10x

Better Endurance than flash

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~350x Better radiation tolerance vs. flash

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~100x

More energy efficient vs. flash

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0

Interference w/ analog & power devices

<40nm

Scales to processes far below limits of flash

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3-4x

Lower added wafer cost vs. flash

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Targeting Growing Markets

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Analog/Mixed Signal & Power Management

Automotive Applications

Internet of Things

Edge AI Applications

Aerospace & Defense

Analog Semiconductors 2019-2022 $55B  $83B (10.8% CAGR)

Automotive Semiconductors 2020-2026 $34B  $78B (14.75% CAGR)

IoT Semiconductors 2020-2025 $33B  $80B (19% CAGR)

Edge AI Chipsets 2021-2028 $8B  $28B (28% CAGR)

Aerospace & Defense Semiconductors 2019-2027 $5.8B  $8.6B (5% CAGR)

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* Sources (in order top to bottom): IC Insights 2022; Yole 2021 (CASE Semiconductors); IoT Analytics Feb 2021; ABI Research June 2021; Transparency Market Research 2019

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Weebit ReRAM: Advantages for AI Applications

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Today: A better solution for artificial neural networks (NNs)

Tomorrow: An enabler for true brain inspired AI systems

• ◆AI is bandwidth intensive in terms of memory usage for both inference and training

• ◆ReRAM physically resembles a biological brain synapse; has functional similarities

• ◆Weebit ReRAM: scaling to 22nm/below allows significantly lower power and higher performance (flash cannot scale below 40nm)

• ◆Emulating NNs with ReRAM consumes orders of magnitude less power than today’s NN simulations

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Weebit ReRAM: Greener Non-Volatile Memory

Conducting a lifecycle analysis (LCA) to study environmental impact of ReRAM vs. other NVMs

• ReRAM has a lower carbon footprint vs. flash

 Consumes less electric power than flash

 Consumes fewer resources to manufacture

 No issues with materials scarcity; no rare earth materials

 Materials have no contamination risk

• Not subject to international conflict

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Significant Progress in Last 6 Months 22nm 28nm MAR. 2022 Scaling the JAN. 2022 technology to Demonstrated 22nm FD-SOI DEC. 2021 1S1R Crossbar Received first Arrays NOV. 2021 module wafers from Leti Raised additional OCT. 2021 $36m in ASX Demonstrated Total cash Currently testing SEP. 2021 1Mb ReRAM packaged chips position now Secured arrays in ~$45M AUG. 2021 commercial 28nm FDSOI Expanded strategic deal; qual partnership, planned more IP early 2023

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First Commercial Deal

SkyWater licensed Weebit’s ReRAM to take it to Volume Production

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Tape-out of Weebit Signed Technology Qualification first ReRAM IP to agreement transfer to to be prototype be available September production completed expected for SkyWater 2021 fab underway early 2023 mid-2022 customers

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A major milestone for Weebit’s commercialisation

President Biden holding a SkyWater wafer; Source: NBC News, April 12, 2021

SkyWater Technology (Nasdaq:SKYT) is the only US-owned pure-play silicon foundry

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Secured A$35.2m to Accelerate Growth

Introduced major Israeli institutional investors onto register

• Placement to four Israel-based institutional and pension funds

• Entitlement offer to existing shareholders - oversubscribed

• An additional A$300K invested by three directors

• First time international institutional investors joined Weebit’s register

• Funding to:

• Underpin accelerated growth

• Supporting pursuit of business opportunities

• R&D in embedded and discrete projects

• General working capital requirements

PLACEMENT’S CORNERSTONE INVESTOR:

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Major Israel based institutional investment and pension fund

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Looking Ahead Milestones by the end of CY22

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Complete technology transfer to SkyWater’s U.S. fab; be in advanced stages of qualification

Provide functional test results of our embedded ReRAM module

Sign new licensing agreements with partners and customers

Continue scaling down technology to smaller geometries

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S&P Dow Jones WBT:ASX Indices

Key Takeaways

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The industry needs a new Non-Volatile Memory solution

Weebit ReRAM has unique advantages; It is well positioned to replace flash

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Progressing strongly: 1[st] commercial deal, technology proven across multiple processes

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Board

& management team have extensive semiconductor commercialization experience

On ASX All Ords Index

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On track to deliver a production solution across a range of high-growth markets

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Thank You! weebit-nano.com

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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, including data from various independent research firms and industry associations as noted, 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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