InterDigital : 14th Annual East Coast IDEAS Investor Conference

14th Annual East Coast IDEAS Investor Conference

June 12, 2024

Rich Brezski, CFO

Disclaimers

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, the matters set forth below. Words such as "believe," "anticipate," "estimate," "expect," "project," "intend," "plan," "forecast," "goal," "could," "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," variations of any such words or similar expressions contained herein are intended to identify such forward-looking statements.

Forward-looking statements are made on the basis of management's current views and assumptions and are not guarantees of future performance. Although the forward-looking statements in this presentation reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by us. Consequently, forward-looking statements concerning our business, results of operations and financial condition are inherently subject to risks and uncertainties. We caution readers that actual results and outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors, including: (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements; (ii) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, additional or related legal proceedings, including appeals, changes in the schedules or costs associated with such proceedings or adverse rulings; (iii) our ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iv) our ability to enter into sales and/or licensing partnering arrangements for certain of our patent assets; (v) our ability to expand our revenue opportunities by entering into licensing arrangements with video streaming and other cloud-based service providers; (vi) our ability to enter into partnerships with leading inventors and research organizations and identify and acquire technology and patent portfolios that align with our roadmap; (vii) our ability to commercialize our technologies and enter into customer agreements; (viii) the failure of the markets for our current or new technologies to materialize to the extent or at the rate that we expect; (ix) our continued ability to develop new technologies and secure new patents, including the risk of unexpected delays or difficulties related to the development of our technologies; (x) risks associated with our capital allocation strategies, including risks associated with our planned dividend payments and share repurchases; (xi) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act, as well as further guidance that may be issued regarding such act; (xii) risks related to the potential impact of new accounting standards on our financial position, results of operations or cash flows; (xiii) failure to accurately forecast the impact of our restructuring activities on our financial statements and our business; (xiv) the timing and impact of potential administrative and legislative matters; (xv) changes or inaccuracies in market projections; (xvi) our ability to obtain liquidity though debt and equity financings; (xvii) the potential effects that macroeconomic uncertainty could have on our financial position, results of operations and cash flows; (xviii) impacts from acts of terrorism, war or political or civil unrest, or any responses thereto, in the United States or elsewhere; (xix) changes in our business strategy; (xx) changes or inaccuracies in our expectations with respect to royalty payments by our customers and (xxi) risks related to our assumptions and application of relevant accounting standards, including with respect to revenue recognition.

You should carefully consider these factors as well as the risks and uncertainties outlined in greater detail in Part I, Item 1A, of our Form 10-K and our other SEC filings before making any investment decision with respect to our common stock. These factors, individually or in the aggregate, may cause our actual results to differ materially from our expected and historical results. You should understand that it is not possible to predict or identify all such factors. In addition, you should not place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this presentation. We undertake no obligation to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.

Industry Data

This presentation contains statistical data, estimates, and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. While we believe the industry and market data included in this presentation are reliable and are based on reasonable assumptions, these data involve many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information.

Non-GAAP Financial Measures

This presentation includes certain non-GAAP measures not based on generally accepted accounting principles. These non-GAAP measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. The non-GAAP measures used by us may differ from the non-GAAP measures used by other companies. For more information and for reconciliations between GAAP and these non-GAAP measures, see the appendix to this presentation.

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

2

Why

IDCC?

Large Market Opportunity

$650M+ recurring revenue target in device markets. Expanding into greenfield of video streaming and cloud services opportunities

Deep Industry Expertise

Five decades of pioneering wireless and video innovation. Highest concentration of inventors

Differentiated Patent Portfolio

One of the strongest and highest quality patent portfolios in the world with > 30,000 patents across wireless, video and AI

Licensing Momentum

Experienced leadership team with long industry track record. Almost $2.7B of new contracts completed in past 3 years

Strong Financial Performance

Double-digit revenue growth, exceptional margins, robust return of capital

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

3

InterDigital Business Model

We are a foundational R&D company. We share our innovation through standard process and monetize our technology through IP licensing.

Patent		Licensing
Portfolio

Research & Innovation

$

Product Implementer

StandardTechnology

DevelopmentSharing

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

4

Over Five Decades of Wireless & Video Innovation

Pioneering research integral to the evolution of cellular wireless and video innovation since 1972

We reinvest ~half our recurring revenue into research and portfolio development

~Over half

of our employees

are engineers

Of our engineers…

~90%

hold advanced

degrees

~90%

are inventors

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

5

Management Team of Industry Veterans

Liren Chen	Richard Brezski	Eeva Hakoranta	Rajesh Pankaj
President & CEO	EVP, CFO	EVP, CLO	EVP, CTO
Previously SVP, Global	More than 20 years at	Previously SVP, Head of IP	Previously SVP & Head of
Head of IP; Qualcomm	InterDigital, CFO since	and Litigation & GC; Nokia	Corporate R&D; Qualcomm
Inc.	2012	Technologies	Inc.

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

6

>100 Leadership Positions in Wireless & Video Standards

Cellular & WiFi Standards

RAN2	CT
Chair	Vice Chair

ETSI Board	RIS ISG	PDL	SAI	Steering Committee
Member	Chair	Vice Chair	Vice Chair	Board Member
ISAC ISG Chair

Video Standards

SA Board of	AIML Standing
Governers	Committee
Policy &	Chair
Procedures
C/SAB Chair

Internet WG

Vice Chair

JVT

NNVC	Beyond VVC	Beyond VVC	AI AHG	Haptic AHG	Steering Board	TSAG Vice
Co-Chair	Co-chair of	Co-chair of	Co-chair	Chair	Member	Chair
NNVC	Two AHG	Two AHG	AI-PCC Chair
SW Chair

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

7

Recognized Global

Innovation Leader

For the third year in a row, LexisNexis recognized InterDigital amongst the

World's 100 Most Innovative

Businesses.

Innovation Momentum 2024: The Global Top 100, "represents the world's leading patent owners with the highest innovation momentum."

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

8

Recognized Global

Innovation Leader

InterDigital was among the top 25 patent filers with the European Patent Office (EPO) in 2023

Innovation momentum drove

40% YoY increase in patent filings with the EPO

*Boxes present the proportion of direct European applications vs international (PCT) applications that entered the European phase.

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

9

Increasingly Diverse Patent Portfolio

Our patent portfolio grew >60% between 2017 & 2023 with the addition

of video & DTV related technologies and continuing growth of wireless assets

2017	2023
~19,000 Assets	>30,000 Assets

Wireless

Video

Implementation

DTV

Broadcast & Home Network

©2024 InterDigital, Inc. All Rights Reserved.

6/3/2024

10