Arbe Robotics : August 9 2023 Q2 2023 Earnings Presentation

Radar Revolution. Delivered.

Q2 2023 Financial Results

Disclaimer

This presentation and any statements made at the conference call and webcast referred to in this presentation, contains "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "intend," "plan," "anticipate," "may," "should," "strategy," "future," "will," "project," "potential" and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties include, but are not limited to: (i) our ability to obtain design-ins during 2023; (ii) unanticipated delays or difficulties in connection with the evaluation of Arbe's products in evaluation and test programs; (iii) Arbe's ability to have products manufactured for it by its third party supplier that meet Arbe's and its customers quality standards and delivery requirements;

1. Arbe's ability to leverage its existing relationships and secure orders resulting from the test programs; (v) Arbe's ability to meet its projected revenue level and its ability to operate profitably; (vi) Arbe's ability to meet its timetable both to achieve full production and to meet the delivery requirements of its customers; (vii) the development of safe autonomous vehicles that include Arbe's radar systems; (viii) Arbe's expectation that it will obtain orders from Tier 1 suppliers and automakers that would build the radars based on its Chipset solution; (ix) Arbe's belief that the Arbe Radar Chipset and Lynx Surround Imaging Radar herald a breakthrough in radar technology that provide Tier 1 suppliers and automakers with the ability to replace the current radars with an advanced solution that meets the safety requirements of Euro-NCAP and NHTSA for autonomous vehicles at all levels of autonomous driving; (x) the ability of its Tier 1 customers to successfully market radar systems using Arbe's radar to automobile manufacturers; (xi) Arbe's ability to develop and market products based on its radar technology for uses outside of the automotive industry; (xii) accidents or bad press resulting from accidents involving autonomous driving vehicles, even those using radar products from other companies or based on other technology and the effect of any accidents with vehicles using Arbe's radar system; (xiii) the effect of laws and changes in laws that have an effect on the market for or the requirement for autonomous vehicles;

1. Arbe's belief that an increased demand for autonomous vehicles and the transition to mass production of Level 2 and higher autonomous vehicles, requiring advanced systems for automatically integrating vehicles in traffic and preventing traffic accidents, are expected to increase the demand for products in Arbe's field of activity; (xv) changes or inaccuracies in market projections; and (xvi) the risk and uncertainties described in "Cautionary Note Regarding Forward-Looking Statements," "Item 5. Operating and Financial Review and Prospects" and Item 3. Key Information -Risk Factors" in Amendment No. 1 to Arbe's Annual Report on Form 20-F/A for the year ended December 31, 2022, which was filed with the Securities and Exchange Commission on May 9, 2023 as well as other documents filed by Arbe with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Arbe does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Information contained on, or that can be accessed through, Arbe's website or any other website is expressly not incorporated by reference into and is not a part of this presentation.

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Revenue

Revenue ($M)

Gross Margin (%)

72.7%

1.2

0.3

(1%)

Q2 2022

Q2 2023

Q2 2022

Q2 2023

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Profitability

Expenses ($M)

Net Loss ($M)

13.0			Includes	Includes
12.6	($0.5M)	$0.03M
			financial	financial
			income	expenses

9.59.1

-11.6

-12.6

Q2 2022

Q2 2023

Q2 2022

Q2 2023

R&D

Adjusted EBITDA ($M)*

-8.6-8.4-8.4 -8.4-9.5

-11.5

Q1.22

Q2.22

Q3.22

Q422

Q1.23

Q2 23

* Adjusted EBITDA - a Non-GAAP measurement, which excludes expenses for non-cashshare-based compensation and for non-recurring items.

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Balance Sheet | June 30, 2023

$ M

Cash*

with no debt

* Cash includes cash equivalents, plus short-term bank deposits

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