Cyngn Inc. · NASDAQ:CYN
Cyngn — IPO Roadshow (November 2021)
29 slides from Cyngn's IPO roadshow presentation, November 2021
Slide 1: Autonomous vehicle software for industrial and commercial enterprises
Autonomous vehicle software for industrial and commercial enterprises
Slide 2: Free Writing Prospectus Statement
FREE WRITING PROSPECTUS STATEMENT This presentation highlights basic information about us and the offering to which this presentation relates. Because it is a summary, it does not contain all of the information that you should consider before investing in our securities. The Company has filed a Regi
Slide 3: Cautionary Note on Forward-Looking Statements
CAUTIONARY NOTE ON However, there can be no assurance that management's expectations, beliefs and projections will be achieved, FORWARD-LOOKING and actual results may differ materially from what is expressed or indicated by the forward-looking STATEMENTS statements. Forward-looking statements are su
Slide 4: Transaction Overview
TRANSACTION OVERVIEW ISSUER: CYNGN, INC. OFFERING TYPE: IPO EXCHANGE: NASDAQ PROPOSED TICKER: CYN SHARES OFFERED: 3,529,412 SHARES OF COMMON STOCK, ASSUMING AN OFFERING PRICE OF $8.50 PER SHARE (4,058,824 SHARES IF THE UNDERWRITER EXERCISES ITS OVER-ALLOTMENT OPTION) GROSS PROCEEDS: $30 MILLION PROP
Slide 5: Our Mission and Vision
OUR MISSION AND VISION Our mission is to develop and deploy autonomous driving software, built to serve a broad spectrum of industrial applications, from logistics to mining. Our solutions will give our customers a competitive advantage in the race to efficiency, safety, and productivity. Our vision
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS Proprietary software for Large market opportunity Experienced leadership operating industrial fueled by the need to supported by global autonomous vehicles increase productivity partnerships Cyngn's Enterprise Autonomy Suite 883,000 units shipped by the top 10 The executive tea
Slide 7: The Problem: Human Error
THE PROBLEM: HUMAN ERROR HUMANS ARE BUT COMPANIES CREATIVE NEED CONSISTENCY People are great at handling Industrial tasks involve repetitive physical unpredictable situations and activities that require accuracy at high rates. performing tasks requiring creativity. This applies to a wide range of in
Slide 8: High Costs Associated with Human Labor
HIGH COSTS ASSOCIATED WITH HUMAN LABOR Widespread labor Significant losses due Massive workforce shortages³ to accidents 900,000 material handlers, Over 50% of supply chain & An industrial vehicle accident, stock pickers, and industrial manufacturing leaders rated on average, costs $42,000 not vehic
Slide 9: The Solution Is Automation
THE SOLUTION IS AUTOMATION FORWARD-LOOKING ENTERPRISES THAT HARNESS AUTOMATION BENEFIT FROM: REDUCED INCREASED INCREASED LOWER COST DEPENDENCE PRODUCTIVITY SAFETY OF LABOR ON LABOR Automation enables new forms of competitive advantage EVOLVE OR BE DISRUPTED 8
Slide 10: Autonomous Vehicles Drive ESG Impact
AUTONOMOUS VEHICLES DRIVE ESG IMPACT SUSTAINABILITY PRODUCTIVITY Our fleet is comprised of all Centre of economic performance electric vehicles study found: Autonomous vehicles can be Investment in robots contributed programmed to drive with 10% of growth in GDP per capita in more conservative throt
Slide 11: Disruptive Enterprises Are Surging Ahead
DISRUPTIVE ENTERPRISES ARE SURGING AHEAD Announced plans to CASE STUDY: FOXCONN replace 1.2M human workforce with 1m 2011 robots.² Reduced human workforce at iPhone 6 plant by 50+% 2 0 1 6 4 , 0 0 0 , 0 0 0 (110k to 50k).³ commercial robots estimated to be working in 50,000 warehouses globally by 20
Slide 12: Cyngn's Opportunity Today: $119+ Billion
CYNGN'S OPPORTUNITY TODAY $119+ BILLION¹ annual driver labor costs for material handling vehicles 883,000 $32 4,174 units shipped in 2019 by the average cost per hour for hours a vehicle is used per top 10 material handling transportation and material year, based on typical two- vehicle manufacturer
Slide 13: Wide Adoption of Autonomous Vehicles Starts with Industrial Applications
WIDE ADOPTION OF AUTONOMOUS VEHICLES STARTS WITH INDUSTRIAL APPLICATIONS Compared to Passenger Vehicles, Industrial Vehicles Offer: MORE STRUCTURED OPERATION LESS COMPLEX ROUTES LOWER SPEED REQUIREMENTS MORE COMMONALITY FROM SITE TO LOWER SITE REGULATORY HURDLES CONTROLLED INTERACTIONS WITH TRAINED
Slide 14: Cyngn's Enterprise Autonomy Suite (EAS)
CYNGN'S ENTERPRISE AUTONOMY SUITE (EAS)* CUSTOMER-FACING PRODUCTS INTERNAL TOOLKIT DRIVEMOD CYNGN CYNGN Full-Stack Autonomous Driving INSIGHT EVOLVE Software System Data Optimization Intelligent Tools Control Center Fleet management system Data pipeline Human-machine interfaces: Performance analytic
Slide 15: DriveMod
SEE DRIVEMOD Multi-modal sensor fusion AI/ML powered perception Robotaxi Brain in an Existence-based virtual bumper Industrial Vehicle High-definition semantic maps Laser-accurate localization DECIDE Abstracted behavioral decision framework Context-aware prediction Thousands of candidate paths The r
Slide 16: Cyngn Insight
CYNGN INSIGHT Fleet monitoring and management to maximize asset utilization: operate, observe, and analyze Remote Support and Teleoperation Business and Operational Insight Fleet Management and Diagnostics 15
Slide 17: Cyngn Evolve
CYNGN EVOLVE How Cyngn expands its autonomous vehicle capabilities Hybrid Simulation & Automatic Grading Frameworks Machine Learning Infrastructure & Data Pipeline Autonomous Vehicle Performance Analytics 16
Slide 18: The Competitive Landscape
THE COMPETITIVE LANDSCAPE A FRAGMENTED SOLUTION SPACE BASIC AUTOMATION SINGLE APPLICATION VERTICALLY INTEGRATED Single-frame, record and rerun or Supports a single use case, but Doesn't integrate with existing free-space navigation robotic industrial customers have diverse vehicles. Requires custome
Slide 19: Our Competitive Advantage
OUR COMPETITIVE ADVANTAGE ADVANCED MULTIPLE YOUR VEHICLE POWERED AUTONOMY APPLICATIONS BY OUR SOFTWARE Developed for robotaxi capability DriveMod can be deployed on a DriveMod can be retrofitted onto by using leading technology like wide range of vehicles, creating a existing vehicles to accelerate
Slide 20: We Bring the Best of Autonomous Driving Technology to Industrial Applications
WE BRING THE BEST OF AUTONOMOUS DRIVING TECHNOLOGY TO INDUSTRIAL APPLICATIONS Billions of dollars in funding and long years of research have focused on robotaxis, trucking, and highway automation, which are not being built to address industrial needs. We apply best practices and domain knowledge fro
Slide 21: Train Hard, Drive Easy
TRAIN HARD, DRIVE EASY STRESS TESTED UNDER EXTREME CONDITIONS TO ENSURE COMMERCIAL READINESS 2021 Coming soon: Autonomous stock 2019 chasers with our Autonomous electric vehicle partner shuttle busses at the Columbia at a fulfillment center in 2017 Loblaw corporate headquarters in Canada. the US. Au
Slide 22: Collaborative Go-to-Market Approach
COLLABORATIVE GO-TO-MARKET APPROACH An ecosystem designed to support scaled, high-quality autonomous fleet deployments 21
Slide 23: Cyngn EAS SaaS Anticipated Pricing
CYNGN EAS SAAS ANTICIPATED PRICING $60,000 — $120,000 ANNUAL LICENSE PER VEHICLE* *Estimated, excluding vehicle, hardware, site setup, and engineering services Pricing Factors: Target Vehicle End Application Utilization Number of Vehicles Remember: the top 10 material handling manufacturers shipped
Slide 24: Land & Expand
LAND & EXPAND The path to multi-million dollar accounts 2022 2023 2024 2025 PHASE 1 PHASE 2 PHASE 3 PHASE 4 1 Site Multiple Sites Multiple Sites Many Sites 1 Vehicle Type 1 Vehicle Type Multiple Vehicle Types Many Vehicle Types <10 Vehicles 10s of Vehicles 100s of Vehicles 1,000s of Vehicles Real-wo
Slide 25: Material Handling Is Just the Beginning
Our technology MATERIAL already applies to additional industrial HANDLING IS applications JUST THE BEGINNING Our current focus $119B 1 Industrial and commercial autonomous applications share fundamental technological building annual driver costs blocks. for vehicles sold by the top-10 material handl
Slide 26: Executive Team
EXECUTIVE TEAM Lior Tal Donald Alvarez CEO SINCE 2016 CFO SINCE 2021 Previously: Director of international Previously: VP of Finance of the growth and partnerships at Facebook, International Council of Shopping Centers, co-founder and VP of business VP of Finance of QuVa Pharma, Inc., development at
Slide 27: Board of Directors
BOARD OF DIRECTORS Colleen Cunningham Jim McDonnell Karen MacLeod INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Currently: Market Leader — Interim Previously: Member of board of AICPA. Currently: SVP of Sales & Marketing at Solutions of Korn Ferry. Previously: CEO SVP-Controller of
Slide 28: Key Takeaways
KEY TAKEAWAYS $119 Billion Advanced Key Strategic Winning Team Market Autonomy Partnerships An opportunity to invest in a Proprietary, innovative Product and go-to-market Experienced leadership company focused on technologies for operating strategies supported by backed by best-in-class practical ap
Slide 29: Thank You
THANK YOU SKZ CYNGN Ki WN www.cyngn.com