Saverone 2014 Ltd. · TASE:SVRE-L
Saverone 2014 — Investor Presentation (June 2024)
27 slides from Saverone 2014's investor presentation, June 2024
Slide 1: Making roads safer for drivers, passengers, and pedestrians
Making roads safer for drivers, passengers, and pedestrians VRU solution – pitch deck
Slide 2: Legal notice
Legal notice This investor deck contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this deck are forward-looking statements, including but not limited
Slide 3: We are SaverOne
We are SaverOne Israel 2014 SVRE Nasdaq & TASE Headquarters Year Founded listed since 2020/22 50+ 100+ 20+ diverse IP Portfolio Employees Active Customers registered & pending 3 3
Slide 4: Our mission and two products
2 products Our mission is to make roads safer for drivers, passengers, and pedestrians alike – through Vulnerable Road User safety solution cellular network-based Detection & localization of Vulnerable Road Users (VRUs) outside the vehicle even in non-line-of-sight (NLOS) and technological soluti
Slide 5: Our experienced leadership team
Our experienced leadership team Jacob Tenenboim Ori Gilboa Yossi Cohen Yoav Zilber Aviram Meidan Omri Hagai Chairman Chief Executive Officer Chief Operating Officer Head of Business Vice President Chief Financial Officer & Co-Founder Development Research & Development 35+ years in techn
Slide 6: Vulnerable road users (VRU) require special attention & protection
Vulnerable road users (VRU) require special attention & protection Non-motorised road users such as pedestrians (especially children), cyclists, motor-cyclists and persons with disabilities/ reduced mobility & orientation are unprotected in case of collisions 6 Source: European commission
Slide 7: Despite developments in vehicle safety, VRUs are still at risk today
Despite developments in vehicle safety, vulnerable road users (VRUs) are still at risk today Distribution of deaths by road user type, globally Others1 Powered 2/3 wheelers VRUs account for ~50% of fatalities 21% 21% Every 53 seconds a VRU dies on the road ~1.2mn 6% Cyclist Already slight injur
Slide 8: Current solutions cannot detect VRUs in non-line-of-sight
While the industry is aware of the issue, current solutions cannot detect VRUs in non-line-of-sight, posing a safety challenge Existing sensors today… … cannot detect VRUs in non-line-of-sight LiDAR Detection of VRUs is a Range, night operation, Distance detection, big problem in bad weather and d
Slide 9: Our radiofrequency-based VRU solution makes roads safer for everyone
Our radiofrequency-based VRU solution solves this issue & makes roads safer for everyone 6 SaverOne algorithm issues information to vehicle ECU in case of potential collision 4 RF signals captured by SaverOne ADAS sensor 5 SaverOne algorithm calculates vector of movement and speed of pedestria
Slide 10: Sensor could detect rear overtaking vehicles or VRUs in the future
Optional for truck OEM Our radiofrequency-based sensor could even detect rear overtaking vehicles or VRUs in the future SaverOne algorithm calculates vector 4 of movement of truck and issues information to vehicle ECU 1 A truck changes lanes to pass another truck in adverse weather 3 RF signal
Slide 11: VRU solution detects VRUs around corners or hidden by obstacles
The VRU solution can specifically detect VRUs around corners or hidden by obstacles – and in the future, also rear blindspots Main use cases Future use case VRUs around corners VRUs behind obstacles Blind spot detection Pedestrian approaching road from Pedestrian emerging between Detection of cars a
Slide 12: No other sensor set-up today can do this
No other sensor set-up today can do this – our solution is required to detect VRUs in non-line-of-sight Use case covered under Covered better vs. Not (adequately) most conditions other combinations covered Individual sensors Relevant sensor combinations Radar + RF VRU Radar + Radar + LiDAR + sol
Slide 13: The VRU solution in a nutshell
Alternative 1 The VRU solution in a nutshell Technical details High Accuracy: error <1 meter Detection, classification, localization, tracking of VRUs and notification of driver in case of potential collision Reception and analysis of radiofrequency signals1 Operating range up to 150 meters Capac
Slide 14: The VRU solution in a nutshell
Alternative 2 The VRU solution in a nutshell Technical details High Accuracy: error <1 meter Detection, classification, localization, tracking of VRUs and notification of Location prediction of pedestrian with <1 meter error driver in case of potential collision Reception and analysis of radiofre
Slide 15: Our VRU solution addresses a new market of ~1.5 bn USD in 2035
Our VRU solution addresses a new market of ~1.5 bn USD in 2035 Global automotive RF-sensor market for VRU 2035 TAM2 consists of…. detection1, in USDbn 1.5 ~31m passenger cars +54% p.a. ~3.7m light commercial vehicles 0.4 ~1.5m trucks 0.1 ~0.2m busses 2028 2030 2035 1. Including passenger
Slide 16: We address core pain points of our customers
We address core pain points of our customers Strong applicability for customer Limited applicability for customer No applicability Core value proposition Passenger car OEMs Truck & Bus OEMs Robo-taxis Enhanced safety, improving value and selling proposition Potential improved safety ratings/ regul
Slide 17: Target customers show a high willingness to pay
Target customers show a high willingness to pay for a new sensor technology like ours Willingness to pay by customer type, in USD 200 USD “If there was a working VRU detection sensor, there would for sure be a willingness to pay, I would estimate ~50 USD” – Former Chief Safety Officer at 100 USD pre
Slide 18: VRU solution could save insurance claim costs of up to ~260+ USD
The VRU solution could save insurance claim costs of up to ~260+ USD over the lifetime of a passenger car Potential upsides ~260 Potential value of up to ~ 1,875 USD on average for taxis USD 7x generally given higher utilization and even further upside for robotaxis due to no breaks Insurance cla
Slide 19: There is no direct competition
There is no direct competition – our solution is the only one that protects VRUs even if they do not have an app Competitor 1 Competitor 2 Independent of active Passive radio- Active V2X app-based Active V2X app-based Passive reception communication between frequency communication communicati
Slide 20: Revenue potential of >480m USD by 2035
We have strong ambitions and estimate a revenue potential of >480m USD by 2035 Business plan Revenues, in USDm 2028 2030 ~ 485 First revenues1 Profitability reached2 +49% p.a. 11m ~30% Sensors sold 2035 Gross margin 2035 ~ 160 ~ 30 ~12% 51M 2028 30 2035 EBITDA margin 2035 NPV3, in USD 1. From premiu
Slide 21: We will spin-off the VRU business into a separate entity
We will spin-off the VRU business into a separate entity – and are looking for a Strategic financial investment to partner1 support product development VRU NewCo 1. Will contribute technical expertise (e.g., chip design, sourcing, industrialization, manufacturing, logistics), commercial expertise
Slide 22: We are ready to start, and will get the product MVP to customers in 2025
We are ready to start, and will get the product MVP to customers in 2025 We have already achieved a lot… … and will continue at full speed mid-2025 Hardware production with MVP demo to Simulation a partner customers Project initiation First customer Q1 2025 feedback This approach seems Demo & testin
Slide 23: We need ~35m USD to develop the commercial VRU solution
We need ~35m USD to develop the commercial VRU solution and win first customers Capital need until product commercialization 2028 35 2 Marketing & Sales • Business development and first sales activities 4 General and administrative cost • Project management • Build-up of finance, accounting, HR &
Slide 24: Investment highlights in a nutshell
Investment highlights in a nutshell 1st ~30bn USD >50 USD ADAS sensor to look Annual economic cost of VRU Willingness to pay by beyond line-of-sight injuries in US & EU1 OEM customers2 1.5bn USD >485m USD ~59m USD Market opportunity Revenue opportunity 2035 EBITDA opportunity 2035 1. Based on VRU in
Slide 25: Appendix
25 APPENDIX G SAVERONE
Slide 26: Our product is addressing the market for active safety and ADAS/AD
Our product is addressing the market for active safety and ADAS/AD Focus of our VRU solution Passive Safety Active Safety ADAS/Autonomous Driving (AD) Main Mitigation of impact of collisions for Avoidance of collisions Enhanced comfort objective occupants and VRUs SAE levels n/a 0 1 2 2+ 3 4
Slide 27: Our VRU solution addresses the most important unsolved problems in vehicle safety
Our VRU solution addresses the most important unsolved problems in vehicle safety Largest unsolved problems in vehicle safety today, (5 being highest) Driver distraction and inattention 3.1 Safety assist (active safety and ADAS / AD) 2.8 Our VRU solution addresses Vulnerable road user protection 2