MicroVision Investor Presentation September Don t just think outside the box. See outside the box.

Transcription

1 MicroVision Investor Presentation September 2016 Don t just think outside the box. See outside the box.

2 Safe Harbor Statement The statements and graphics in this presentation that are not historical facts, including statements regarding our future business strategy, future products and technology development, market growth and technology adoption, financial growth, and plans and objectives for future operations, are forward-looking statements. Such forward-looking statements are inherently uncertain and necessarily involve risks that may affect MicroVision s business prospects and performance, causing actual results to materially and adversely differ from those discussed during the presentation. Information about these risks is contained in MicroVision s reports and other filings with the U.S. Securities and Exchange Commission (the SEC ), including MicroVision s Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC. 2 9/6/2016

3 Company Snapshot MicroVision is the innovative developer of PicoP scanning technology that can be used by our customers to create miniature laser scanning engines for display and sensing applications. Large consumer electronics market including mobile handsets and tablets, smart home, wearables, gaming, augmented and virtual reality and automotive Highly scalable business model with strong operating leverage Strong recent financial performance Top rated global intellectual property portfolio with over 500 issued and pending patents Number of significant near term opportunities with global consumer electronics companies 3 9/6/2016

4 Management Team Professional Role Years with Company Prior Experience Alexander Tokman CEO 10 Steve Holt CFO 3 Dale Zimmerman VP of R&D 5 David Westgor VP, General Counsel 10 Bharath Rajagopalan VP, Marketing & BD 3 Sumit Sharma VP, Operations 1 4 9/6/2016

5 How PicoP Scanning Technology Works A single MEMS scanning mirror in an extremely tiny, low power engine Red laser 2D MEMS Micro mirror Blue laser Green laser 5 9/6/2016

6 How PicoP Scanning Technology Works A single MEMS scanning mirror in an extremely tiny, low power engine PicoP scanning technology produces a large screen viewing experience. It is always in focus & 3D-sensing capable all in one very small package. 6 9/6/2016

7 One Platform, Multiple Markets Pico Projection Standalone & Embedded 3D Sensing Head Up Display (HUD) PicoP Scanning Technology Platform Augmented Reality (AR) 7 9/6/2016

8 Many Applications Pico Projectors Embedded Smartphone/Tablet Wearables Pico Projection Interactive Pico Projection 3D Sensing Touchless Gesture PicoP Scanning Technology Platform Head Up Display Eyewear ADAS Robotics 3D Measurement Aftermarket & Embedded Images are for illustration purposes only: Concepts of applications PicoP scanning technology could enable Augmented/Virtual Reality 8 9/6/2016

9 Anytime, Anywhere Content Sharing Pico Projection Mobile Entertainment Business & Education IOT Products 3D Sensing Phones Smart Speakers Tablets Robots PicoP Scanning Technology Platform HUD Wearables Standalone AI Devices Light Fixtures Attachment Security Alarms Eyewear 9 9/6/2016

10 Object Capture, Interactivity and Measurement Pico Projection 3D Sensing Near Field Mid Field Far Field PicoP Scanning Technology Platform HUD Eyewear Touchless Gesture Smart Speakers Robots AI Devices Light Fixtures Security Alarms Augmented Reality Virtual Reality Measurement & Navigation Industrial Apps Robots Navigation & Measurement Autonomous Vehicles Drones Industrial Apps 10 9/6/2016

11 Driving Safety and Infotainment Pico Projection 3D Sensing PicoP Scanning Technology Platform HUD Aftermarket Embedded Eyewear 11 9/6/2016

12 Enhanced Visual Experiences Pico Projection 3D Sensing PicoP Scanning Technology Platform HUD Augmented Reality Virtual Reality Eyewear 12 9/6/2016

13 Globally Recognized Patent Portfolio Over 500 issued and pending patents; past global recognition includes: IEEE Top 20 IP portfolio among global electronics companies Patent Board (w/wsj) Top 50 IP portfolio among global industrial companies Ocean Tomo 300 NYSE (Euronext) Index Top 300 Most Valuable IP portfolios among all global companies, all sectors 13 9/6/2016

14 MicroVision Engineering Services MicroVision Reference Design MicroVision Integration Support MicroVision Design Support Business Model MicroVision Scan Beam Display Components, Reference Design & License MV MV Scanning Engine Development & Manufacturing End Products 14 9/6/2016

15 Market Progress Long term license agreement with Sony Enables OEMs to purchase display modules to make products under their own brand name Multiple products in market incorporating MicroVision s PicoP scanning technology Products incorporating MicroVision s technology are top sellers in their categories on Amazon (US) Over 160% revenue growth in % revenue growth expected in 2016 Q revenue highest product and royalty revenue to date; 38% gross margin achieved in the quarter New products with MicroVision technology expected to hit the market in /6/2016

16 Positive Market Reaction PicoPro is an ultra-portable, laser HD projector that puts a cinema in your pocket and a big screen experience at your fingertips This smartphone-sized projector packs a punch. The Sony MP-CL1 provides a sharp, clear picture in an extremely pocketable form factor RoBoHon is an innovative droid that takes smartphone functionality and offers it to user in a new unique way. Consistently a top 5 seller in pico projector category on Amazon "...it offers enough to make it our Editors' Choice pico projector. - PCMag "Overall, it's the best small projector I've tested to5 Mac Consistently a top seller in pico projector category on Amazon this is definitely a product that Sony can be proud of - Amazon user review Brilliant! (literally and figuratively) - Amazon user review 4 million+ YouTube views The RoBoHoN is filled with features including a built-in projector and and it can dance. - Bloomberg Now that really IS an Android phone: Sharp unveils handset that doubles as walking, talking robot and can even project movies from its head -Daily Mail 16 9/6/2016

17 Pico Projector Market Growing PMA Research announced* historical shipments and forecasts for pico projectors noting the return of laser-based offerings as one of the demand drivers 50% Growth in 2015 Approximately 50% unit growth in 2015 China became the single largest market with projections for a strong 2016 *PMA Research, Press Release December 31, /6/2016

18 MicroVision Revenue 18 Revenue Millions $ % % 40% Forecast 8 164% Actual H /6/2016

19 Improving Product and Royalty Gross Margin 50.0% 40.0% 38% 30.0% 20.0% 17.2% 24.2% 20.4% 30.0% 10.0% 0.0% Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 ' % -20.0% -17.2% Product & Royalty 19 9/6/2016

20 Positioned for Growth Sony and Sharp in commercialization with MicroVision Building a pipeline of additional OEM opportunities Demand drivers from rapidly changing consumer behavior World class supply chain partners Differentiated solution with PicoP scanning technology platform new market opportunities being explored Strong intellectual property portfolio Compelling roadmap for advancements MicroVision MEMs over the years 20 9/6/2016

21 Thank You DON T JUST THINK OUTSIDE THE BOX. SEE OUTSIDE THE BOX MICROVISION, INC. ALL RIGHTS RESERVED. PICOP IS A REGISTERED TRADEMARK OF MICROVISION, INC. ALL OTHER TRADEMARKS ARE THE PROPERTY OF THEIR RESPECTIVE OWNERS.