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Weebit Nano investor presentation

18 March 2024 – Weebit Nano Ltd ( ASX: WBT , Weebit or Company ) Weebit Nano Limited (ASX:WBT, Weebit or Company), a leading developer of advanced memory technologies for the global semiconductor industry, has released the attached investor presentation to be delivered by Chair Dadi Perlmutter and CEO Coby Hanoch when meeting with investors in Australia this week, including the retail investor briefings.

Details of the retail investor briefing events are listed below:

Perth (in-person) with Chair Dadi Perlmutter & CEO Coby Hanoch

Date: Monday, 18 March 2024
Time: 11:00am (AWST)
Location: The Vault @Riff, 45 St Georges Terrace, Perth

Melbourne (in-person) with Chair Dadi Perlmutter & CEO Coby Hanoch

Date: Tuesday, 19 March 2024
Time: 12:30pm (AEDT)
Location: KWM, Collins Arch, Level 27, 447 Collins Street, Melbourne

Sydney (in-person & virtual) with Chair Dadi Perlmutter & CEO Coby Hanoch

Date: Thursday, 21 March 2024
Time: 3:30pm (AEDT)
Location: KWM, Level 61, Governor Phillip Tower, 1 Farrer Place, Sydney
Virtual link: register here

Places are limited. To attend, investors must RSPV to Christopher Lay at [email protected].

This announcement has been authorised for release by the CEO of Weebit Nano Limited.

For further information, please contact:

Investors

Eric Kuret, Automic Group

P: +61 417 311 335

E: [email protected]

Media – Australia

Tristan Everett, Automic Group

P: +61 403 789 096

E: [email protected]

Media – US

Jen Bernier-Santarini, Weebit Nano

P: +1 650-336-4222

E: [email protected]

330 Collins St., Melbourne VIC 3000, Australia Office: +61-3-8689 9997 [email protected] | www.weebit-nano.com

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About Weebit Nano Limited

Weebit Nano Ltd. is a leading developer of advanced semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence.

Weebit’s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing flash memory solutions. As it is based on fab-friendly materials, Weebit ReRAM can be integrated within existing flows and processes faster and easier than other emerging technologies, without requiring special equipment or large investments.

See: www.weebit-nano.com

Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.

330 Collins St., Melbourne VIC 3000, Australia Office: +61-3-8689 9997 [email protected] | www.weebit-nano.com

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We’ve Got What it Takes

March 2024 Investor Presentation

Introduction

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Weebit Nano Proprietary 2

Weebit: Leading Vendor of ReRAM IP

Advanced Non-Volatile Memory (NVM) Now Entering Production

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Founded: 2015

Located: Israel & France ASX: WBT

World-leading team

50 personnel [(1)] (90% engineers/scientists)

R&D partner

CEA-Leti, a leading microelectronics research institute

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Multiple licensing deals

Licensed to 2 foundries, ongoing discussions & evaluations with other foundries and customers

Greener NVM

Lower environmental impact than other types of NVM (GHG footprint, resources, materials)

Proven, protected technology

Fully qualified per JEDEC; available for chip designers; 50 patents & applications

**Global NVM Market* (US $B)**

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164.79
11.76%
CAGR
94.52
2024 2029
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Global Small Cap Index [S&P/ASX 300]
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Source: https://www.mordorintelligence.com/industry-reports/non-volatile-memory-market
(1) Includes employees and full-time contractors

Strong Board With World-renowned Semiconductor Industry Experience

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David (Dadi)
Perlmutter Dr. Yoav Atiq Raza Naomi Simson Ashley Krongold Coby Hanoch
Nissan-Cohen NON-EXEC. NON-EXEC. NON-EXEC. CEO
CHAIRMAN EXEC. DIRECTOR DIRECTOR DIRECTOR DIRECTOR
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Copyright 2024 Weebit Nano, Ltd. 4

Strong & Experienced Management

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Coby Hanoch Ishai Naveh Ilan Sever Amir Regev Issachar Eran Briman Alla Felder
CEO CTO VP R&D VP QUALITY & Ohana VP MARKETING & CFO
RELIABILITY CRO BUSINESS DEV.
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Copyright 2024 Weebit Nano, Ltd. 5

Introducing Weebit’s New Chief Revenue Officer

IP industry veteran Issachar Ohana to drive sales as company focuses on revenue generation

Responsible for driving and maximizing growth for Weebit ReRAM with global customers and partners

Will lead the sales organization as Weebit’s business continues to expand

Based in Silicon Valley

Brings to Weebit 25+ years’ experience in sales and business development in IP companies
Previously Managing Partner at Gimmel Ventures; EVP of Worldwide Sales at CEVA and VP of Sales of DSP Group’s Core Licensing Division

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Issachar Ohana, CRO

At NASDAQ-listed company CEVA, built a salesforce from the ground-up into a high-performing team achieving US$135 million in revenue in 2022

Weebit ReRAM Memory Inherent Advantages

100x

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Better endurance
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vs. flash 10[5] -10[6] P/E cycles

≤28nm

Scales to processes far below limits of flash

Proven @ 28nm & 22nm Scalable to lower nodes

~100x

More energy efficient vs. flash Low voltage, low currents Zero standby power

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150°C
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Reliable for automotive designs

Grade-0 conditions and profiles

~100x

Faster programming time than flash Bit/byte addressable

~350x

Better radiation tolerance vs. flash[(1)]

Also tolerant to EMI

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3-4x
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Lower added wafer cost vs. flash 2-mask adder Standard materials/tools

53%

Less minerals and metals resource use vs. MRAM Greener technology No rare earth materials

(1) Refers to ReRAM cell array

Weebit ReRAM Addresses a Broad Range of Application Requirements


	Mixed-Signal / Power Mgmt	IoT / MCUs	Edge AI	Automotive	Aerospace & Defense	Medical
Example Applications: Back-end-of-line tech for easy analog integration	Wireless charging; Motor control	Wearables; Smart cards	Security cameras; Industrial	ECUs for sensors & controllers	Flight safety systems; Satellites	Implantables; Hearables; Disposable
Cost-efficiency
Ultra-low power consumption
Robustness in high temp / extreme environments
Scaling advantage at 28nm and below
High endurance
Small footprint
Longevity
Roadmap to neuromorphic computing

Copyright 2024 Weebit Nano, Ltd. 8

Recent Achievements

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Weebit Nano Proprietary 9

Significant Progress in Recent 12 Months

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Research shows
Weebit ReRAM Licensed ReRAM Received first
insensitive to to Top-tier GlobalFoundries 22FDX®
ionizing radiation foundry DB HiTek wafers; functional
MAR 2023 JUL 2023 OCT 2023 NOV 2023 NOV 2023 FEB 2024
Weebit ReRAM Weebit ReRAM fully Demonstrated
qualified qualified 125⁰C in extended automotive
at 125⁰C SkyWater S130 performance: 150⁰C;
100K cycles
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Copyright 2024 Weebit Nano, Ltd. 10

Major Operational Advancements in the Last 12 Months

Driving Shareholder Value Creation

Weebit added to MSCI Global Small Cap Index

FEB 2023

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MAR 2023
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Weebit added to ASX 300

Raised further AU$60M; well funded for future growth

APR 2023

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JUL 2023
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Set up new Board committees

Naomi Simson appointed to Board

AUG 2023

NOV 2023

Received first IP licensing revenue

Governance

S&P/ASX 300

Remuneration
Finance, Audit & Risk
Strategy and Technology

Robust Performance under Extended Automotive Conditions

Weebit ReRAM demonstrates high reliability and endurance at extreme temperatures and after extensive cycling

Already qualified: Weebit ReRAM module in SkyWater S130 is fully qualified up to 125 ° C, temperature specified for Grade-1 automotive

Now: Weebit is demonstrating:

High-temp stability: 150 ° C lifetime operation , including cycling & retention
150 ° C is specified for Grade-0 automotive
High endurance: 100K cycles[*]
Required for modern vehicle designs

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Results reaffirm viability of Weebit ReRAM for use in automotive and other applications requiring high-temp reliability and extended endurance

*flash equivalent

- Second Foundry to Adopt Weebit ReRAM; 1st License to a Tier 1 Foundry

A global top-10 foundry HQ in South Korea
One of world’s top-tier foundries for analog & power ICs
Annual revenue of US$1.3 billion

DB HiTek licensed Weebit ReRAM for its customers to integrate as NVM in their designs

Targeting 130nm BCD process – ideal for many analog, mixed-signal and power designs; applications in consumer, industrial and IoT
DB HiTek’s hundreds of customers will now have access to Weebit ReRAM
DB HiTek customers include Intel, Mitsubishi, Sony and Qualcomm
Technology transfer to a DB HiTek production fab is underway Next step: to qualify technology towards volume production

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Above: a DB HiTek plant

Live ReRAM Demo on GlobalFoundries’ 22FDX® Platform

Weebit ReRAM Demo at Embedded World 2024

Weebit will show live ReRAM demo on GlobalFoundries’ 22FDX® platform

Shows ReRAM is a viable solution in this advanced geometry where embedded flash can’t scale
Highlights some of the many advantages of Weebit ReRAM

Weebit ReRAM module in 22nm FD-SOI process

Largest memory capacity of any Weebit module to-date (8Mbit); implemented in the most advanced process so far

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Embedded World 2024
Nuremberg, Germany
April 9-11
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Huge Opportunities Ahead

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Weebit Nano Proprietary 15

The Global Semiconductor Industry is Projected to be a Trillion Dollar (USD) Industry by 2030

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Short-term
Opportunities
for ReRAM
Mid- to
long-term
opportunities
for ReRAM
Source:
https://www.mckinsey.com/industries/semi
conductors/our-insights/the-semiconductor-
decade-a-trillion-dollar-industry
Copyright 2024 Weebit Nano, Ltd.
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Significant Market Opportunity for ReRAM Products

130 84 120 Memory Discrete Memory Potential Market	130 84 120 Memory Discrete Memory Potential Market

Analog Micro Logic	89 79 177 84 71 173 89 76 185 Embedded Memory Potential Market
Non-Memory Discrete Optoelectronics	34 44 36 46 38 46
Sensors	22 20 22
Copyright 2024 Weebit Nano, Ltd. 17 2024 2023 2022 Numbers in Billions USD; Estimated for 2023 and 2024 Source: WSTS May 2023

Embedded NVM Market in Need of New Technology

One challenge is the need of a new memory technology that combines the best features of current memories in a fabrication technology compatible with CMOS process flow and that can be scaled beyond the present limits of SRAM and FLASH .

– International Roadmap for Devices and Systems, 2022 Edition

Embedded flash is running out of steam

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ReRAM is Emerging as The Leading Solution

The embedded emerging NVM market is expected to reach $2.7B by 2028, with ReRAM expected to represent 37%*

Total Embedded ReRAM Market (in $M)*

Market Volume in # of Eq. 12" Wafers 2028*

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$993 Wafers 2028
131% CAGR ReRAM: 60% Embedded
ReRAM
2023-2028 of wafer
volume Embedded
$418
by 2028 MRAM
Embedded
$142 PCM
$62
$0.4 $0.7 $15 $30
2021 2022 2023 2024 2025 2026 2027 2028
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Note: The embedded emerging NVM market size is evaluated based on assumptions of the average chip area occupied by a given memory technology (Yole)

Source: Emerging Non-Volatile Memory report, Yole Intelligence, 2023

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Copyright 2024 Weebit Nano, Ltd. 19
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ReRAM at the Heart of the Edge AI Revolution

Today’s 2 chip solution

Autonomous Security/  Higher Driving Surveillance performance: faster response, better endurance
Ultra-low power: significant effect on
Medical battery life
Devices  Higher density: for code + data, 10s of Mbit
Industrial  Enhanced security , IoT IoT withstand sidechannel attacks

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Scalability <28nm (where most new designs start)

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Weebit ReRAM

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CPU I/Os
NVM (Flash)
System RAM
SRAM
AI Engine
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1 chip with emb. ReRAM
CPU I/Os
System RAM
NVM
AI Engine (ReRAM)
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Neuromorphic computing
CPU I/Os
In-Memory-
System
Compute AI
RAM
Engine
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Copyright 2024 Weebit Nano, Ltd. 20

Every Foundry Deal Represents Multiple Customer Opportunities

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FOUNDRY FOUNDRY
Coming Coming
Soon Soon
FOUNDRY FOUNDRY
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Every Foundry Deal Represents Multiple Customer Opportunities

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FOUNDRY FOUNDRY
Coming Coming
Soon Soon
FOUNDRY FOUNDRY
 Product Company
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IP Business Model

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Foundry Process IP
License + NRE $
Royalties $
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IP Business Model

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Foundry Process IP
License + NRE $
$ Royalties $
$
$ $
Paid directly to Weebit
or through Foundry
Product
Company
Royalties
Royalties License + NRE
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What’s coming next?

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Weebit Nano Proprietary

Progressing with Foundries, IDMs and Product Companies

In different levels of evaluation/negotiation with most of the top foundries and IDMs Increasingly moving from technical evaluations to business discussions Making progress with product companies Increased selective activity with China ecosystem Expect to sign more agreements in 2024 CHIPS Act: Applying for government funded projects, as a partner in US & EU ecosystems
	Top-10 Foundries* TSMC 1 Samsung 2 UMC 3 GlobalFoundries 4 SMIC 5 Hua Hong (HLMC) 6 PSMC 7 VIS 8 Tower 9 DB HiTek 10		Top-10 Integrated Device Manufacturers (IDMs)(1) Samsung 1 Intel 2 SK Hynix 3 Micron 4 Texas Instruments 5 Western Digital 6 Infineon 7 STMicroelectronics 8 NXP 9 Analog Devices 10

Sources: https://think.ing.com/articles/eu-chips-act-to-strengthen-europes-economy/; https://www.digitimes.com/news/a20220216VL200.html; https://www.gartner.com/en/newsroom/press-releases/2022-04-14-gartner-says-worldwide-semiconductor-revenue-grew-26-percent-in-2021; https://think.ing.com/articles/eu-chips-act-to-strengthen-europes-economy/; public data (1) By 2021 revenue

Weebit Nano Key Targets for FY24

Revenues Increase revenues from licensing and NRE

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Qualification

Continue drive to qualify at higher endurance and broader temperature range

Fab Partners

Sign more agreements; Finalize tech transfer with DB HiTek

Continue R&D

Further technical enhancements to ReRAM cell and selector technologies

Customers Close licensing agreements

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Scaling Technology Continue scaling to various process nodes, including 22nm