Mobix Labs, Inc. · NASDAQ:MOBX
Mobix Labs — SPAC Merger (November 2022)
39 slides from Mobix Labs's SPAC merger presentation, November 2022
Slide 1: Shaping Tomorrow's Connectivity
Shaping Tomorrow’s Connectivity TM November 2022 Investor Presentation
Slide 2: Disclaimer
Disclaimer Cautionary Notes This presentation (together with oral statements made in connection herewith, this “Presentation”) is provided for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there
Slide 3: Disclaimer (Cont'd)
Disclaimer (Cont’d) Forward-Looking Statements (Cont’d) Many factors could cause actual future events to differ materially from the forward-looking statements in this Presentation, including, but not limited to: (i) the risk that the Potential Business Combination (including the domestication of Cha
Slide 4: Disclaimer (Cont'd)
Disclaimer (Cont’d) Participants in Solicitation Mobix and Chavant and their respective directors and officers and other members of management may, under SEC rules, be deemed to be participants in the solicitation of proxies from Chavant’s stockholders with the Potential Business Combination and the
Slide 5: Mobix Labs Team
Mobix Labs Team James Peterson Fabian Battaglia Jim Aralis Keyvan Samini Executive CEO, Director Chief Technology President, CFO, Chairman Officer Director Day-to-Day Execution Phil Sansone Mark Wong Kirby Lam Alex Gorbachov Kristen Schmidt VP Sales EVP EVP Senior Fellow, VP Sales Marketing Engineer
Slide 6: The Chavant Team has Comprehensive Investing Expertise and Operating Experience
The Chavant Team has Comprehensive Investing Expertise and Operating Experience Exceptional Team Proven Track Record Five PhDs in Electrical Engineering, Material Science Physics, and Chemistry, who have identified, TECHNICAL ▪ Experience investing in fundamental innovations created and operated tec
Slide 7: Transaction Summary
Transaction Summary Transaction Overview Pro Forma Valuation (mm, except per share data) ▪ Pro forma enterprise value of $276.4 million Total shares outstanding3, 4 29.5 ▪ Transaction includes $30 million fully committed common stock PIPE at $10.00 per share Price per share $10.00 ▪ The committed PI
Slide 8: Investment Highlights
Investment Highlights Unique investment opportunity in a next generation, disruptive wireless semiconductor and connected solutions provider Highly integrated RF, mixed Addressing emerging Capitalizing on current and signal, & analog solutions $155Bn+ market with 38% anticipated growth in 5G for nex
Slide 9: Mobix Labs at a Glance
Mobix Labs at a Glance Overview $155bn Volume Production TAM growing at 38% CAGR Current Customers Ramping Up Fabless semiconductor company delivering disruptive next generation with SAM of $73bn in 2022 (Significant Open Backlog) wireless and connected solutions ▪ Industry veterans from top semicon
Slide 10: Digital Revolution is Flooding the World with Data
Investment Digital Revolution Highlights is Flooding the World with Data The current explosion of data necessitates a vast increase in infrastructure Illustrative Volume of Data Created and Consumed 5G Without advances in technology and lower cost Zettabytes of Data 1G 2G 3G 4G of deployment, the cu
Slide 11: The Promise of "True" 5G
Investment The PromiseHighlights of “True” 5G 5G is expected to meet the network needs of increasing data growth and realize the vision of new applications and user experiences Network Applications / Experiences Experienced Throughput 10x Connected Car / AR / VR Decrease in Latency 10x Autonomous Ve
Slide 12: Mobix Labs Products and Solutions Designed to Deliver "True" 5G
Mobix Labs Products and Solutions Designed to Deliver “True” 5G Designed to deliver high speed, low latency solutions to enable the realization of next generation connected products and applications Wireless Solutions Connectivity Solutions ▪ Universal 5G chipset for C-Band & mmWave ▪ HDMI 18G / 48G
Slide 13: Addressing Large, Growing Markets
Addressing Large, Growing Markets TAM and SAM poised for rapid growth and scaling of new end market opportunities TAM Growth ($bn) SAM Expansion ($bn) Addressable Markets: 5G Antenna LEO/SATCOM AOC 2026 SAM $149.0 $560.3 $409.2 $309.2 2022 SAM $155.2 $211.3 $73.0 2022 2023 2024 2025 2026 Sou
Slide 14: Extensive Intellectual Property Portfolio
Extensive Intellectual Property Portfolio Significant investment in developing IP critical to commercializing Mobix Lab’s technology ▪ 97 issued and pending patents Status of Patent Portfolio 51 in Wireless and 47 in AOC Wireless AOC 49 ▪ Platform-based approach 41 2 6 ▪ IP strategy designed to pr
Slide 15: Wireless Solutions
Wireless Solutions Shaping Tomorrow’s ConnectivityTM 15
Slide 16: Challenges of 5G
Challenges of 5G Deployment ▪ Prohibitively expensive with current technology ▪ Top 5G performance only possible with mmWave 5G Network Example ▪ mmWave requires ultra dense network deployment Signal Integrity ▪ mmWave has limited range of ~1000 ft ▪ Signal easily impacted by objects ▪ Multiple user
Slide 17: Mobix Labs Value Proposition
Mobix Labs Value Proposition Designed to accelerate and “future proof” 5G Mobix Labs solutions intended to significantly reduce time-to-market and cost of deployment Performance Cost ▪ Worldwide 5G frequency coverage ▪ CMOS-based designs ▪ High efficiency for longer battery life ▪ Single SKU chipset
Slide 18: Mobix Labs Enables "True" 5G
Mobix Labs Enables “True” 5G Every 5G connected device requires a wireless radio Typical 5G Radio Block Design Mobix Labs True5GTM Universal Chipset 24 – 49 GHz 28 GHz Tx/Rx Up/Down Beamformer Converter Beamformer Up Converter Baseband Transmit Transmit & CPU Baseband Receive Synthesizer CPU Synthes
Slide 19: Wireless Technology Which Can Scale
Wireless Technology Which Can Scale Scalable solution offers opportunity for 160+ pcs of Mobix Labs products MIC4xx Gain Block (16 pcs needed) PA Filter LNA Filter LNA PA Filter Example MIC5xx LNA Filter LNA Splitter/Combiner Scaled Solution PA Filter (80 pcs needed) LNA Filter LNA MIC2xx Dual-Band
Slide 20: Wireless Products and Derivative Strategy
Wireless Products and Derivative Strategy Core Products1 Block Level Derivatives Frequency Converters Narrow Band Beamformers Splitters/Combiners mmWave mmWave Frequency Converter MIC2xx MIC6xx MIC5xx C-Band + mmWave MIC2xx Synthesizers Gain Blocks mmWave mmWave MIC3xx MIC4xx Synthesizer Frequency T
Slide 21: Competitive Landscape
Competitive Landscape Company A Company B Company C Company D Company E Process Technology CMOS SiGe SOI SOI CMOS/SOI CMOS+SMDs Smallest Size Scalable Solution Low-Cost Structure Worldwide Frequency Coverage Supports Infrastructure and Mobile Handsets Dual Polarization Beam Forming Compatibility wit
Slide 22: Wireless Solutions Address Multiple End Markets
Wireless Solutions Address Multiple End Markets Significant opportunity for revenue generation in the Infrastructure and CPE end markets Infrastructure CPE Automotive Other ▪ Small Cells ▪ Access Points ▪ Infotainment ▪ SATCOM ▪ Repeaters ▪ Routers ▪ Autonomous Vehicle ▪ Medical Applications ▪ Lapto
Slide 23: Wireless Go-to-Market Strategy / Engagement
Wireless Go-to-Market Strategy / Engagement ~ 3 - 6 Months1 ~ 3 - 6 Months1 New Sample / Project Pre- Design In Production Opportunity Evaluation Identified Production ▪ Quoted the ▪ Sampled product ▪ Project name ▪ DESIGN-IN ▪ First PO ship date ▪ Design-win customer identified - OR - ▪ Customer co
Slide 24: Connectivity Solutions
Connectivity Solutions Shaping Tomorrow’s ConnectivityTM 24
Slide 25: Mobix Labs True Xero AOC Technology
Mobix Labs True XeroTM AOC Technology ▪ AOC technology uses telecom optical fiber technology to transmit video, audio and data signals over long distances over an all-in-one cable solution ▪ Mobix Labs patented True XeroTM AOC technology miniaturizes optical and electrical technologies into an extre
Slide 26: Competitive Solutions
High-Bandwidth Extension Solution Comparison True XeroTM Active Optical Cables ▪ Maximum distance: 330ft (100 meters) Bandwidth: 4K video (18Gbps) ▪ Single cable, plug-and-play Active Optical Cable (AOC) ▪ Thin, flexible, light weight PC Display ▪ Simplest cable solution on the market Copper Passive
Slide 27: True Xero AOC Product Line
True Xero™️ AOC Product Line Products Features Benefits Applications ▪ 18 Gbps ▪ No External Power Required ▪ Medical Devices/Systems ▪ Supports ARC, CEC, and HDCP ▪ Thin, Flexible & Lightweight ▪ Secure Control Systems HDMI 2.0 ▪ EMI/RFI Resistant ▪ Multiple Lengths Available ▪ Digital Signage ▪ 5m
Slide 28: Connectivity Solutions Target End Markets
Connectivity Solutions Target End Markets Mobix Labs currently sells into CPE applications and addresses other applications Infrastructure CPE Automotive Other ▪ Remote Radio Heads ▪ Professional Audio ▪ Infotainment ▪ Medical, Health & Safety ▪ Base Stations ▪ Video Commercial / ▪ Telematics Monito
Slide 29: AOC Go-to-Market Strategy / Customer Opportunities
AOC Go-to-Market Strategy / Customer Opportunities Significant backlog ~ 3 - 6 Months1 ~ 3 - 6 Months1 New Sample / Project Pre- Design In Production Opportunity Evaluation Identified Production ▪ Quoted the customer ▪ Sampled product ▪ Project name ▪ Design-in ▪ First PO ship date ▪ Design-win iden
Slide 30: Growth Strategy
Growth Strategy Shaping Tomorrow’s ConnectivityTM 30
Slide 31: Execution Strategy and Growth Plan
Execution Strategy and Growth Plan Long-Term Financial Targets1 60% Gross Margins 30% Operating Margins 2022 2023 2024 2025+ ▪ Execute capitalization plan ▪ Wireless products production ▪ SatCom product launch ▪ Automotive production ramp launch ▪ Sample wireless products ▪ mmWave production ramp ▪
Slide 32: Mobix Labs to Acquire EMI Solutions
Mobix Labs to Acquire EMI Solutions Transaction Overview Core Products ▪ On September 27, 2022, Mobix Labs announced it has signed a definitive agreement to acquire EMI Solutions FlexFilter Inserts ▪ EMI Solutions adds leading electromagnetic interference (“EMI”) filtering Available in multiple shel
Slide 33: Appendix
Appendix Shaping Tomorrow’s ConnectivityTM 33
Slide 34: M&A Strategy
M&A Strategy Identified acquisition pipeline to accelerate future growth Approach Target Criteria ▪ Focused on cash flow generating target companies ▪ Company to provide cash-flow within ~2 quarters ▪ Opportunities to eliminate operating expenses ▪ Complementary customer mix and industry verticals ▪
Slide 35: Risk Factors
Risk Factors These Risk Factors are being provided to certain accredited investors for potential investment in Chavant Capital Acquisition Corp. (“Chavant”) in connection with a proposed business combination (the “Business Combination”) between Chavant and Mobix Labs, Inc. (“Mobix Labs”, “we”, “us”
Slide 36: Risk Factors (Cont'd)
Risk Factors (Cont’d) Risks Related to Mobix Labs’ Business and Industry (Cont’d) 11. We may not be able to scale our business quickly enough to meet our customers’ needs or in an efficient manner, which could harm our operating results. 12. The markets for wireless products and solutions are highly
Slide 37: Risk Factors (Cont'd)
Risk Factors (Cont’d) Risks Related to Mobix Labs’ Business and Industry (Cont’d) 28. Our growth initiatives may prove more costly than we currently anticipate, and we may not succeed in raising financing or increasing our revenue in an amount sufficient to cover the costs of these initiatives and t
Slide 38: Risk Factors (Cont'd)
Risk Factors (Cont’d) Legal and Regulatory Risks Related to Mobix Labs’ Business 1. We are subject to governmental export and import control laws and regulations. Our failure to comply with these laws and regulations could have an adverse effect on our business, prospects, financial condition and re
Slide 39: Shaping Tomorrow's Connectivity
Shaping Tomorrow’s Connectivity TM