Valens Semiconductor : Investor Presentation

Valens Semiconductor

(NYSE:VLN)

May 2024

1. leader in high-performance connectivity, transforming the digital experiences of people worldwide.

Valens Semiconductor's chipsets are powering state-of-the-artaudio-video installations, next- generation videoconferencing, and enabling the evolution of Artificial Intelligence, ADAS and autonomous driving.

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Valens Semiconductor

at a glance

Multi-Billion

Addressable

Market

in automotive (ADAS1, AD2) and diversified audio- video verticals

Broadly Deployed

across a variety of interfaces, applications and industries

Strong Cross- industry Value Proposition

high-performancecost-efficient connectivity offerings

Disruptive

Connectivity

Technology

with 15+ year track record of standard setting innovation

Fortress Balance Sheet $139.8M Cash Balance3, no debt

financial flexibility allows investing in innovations and pursuing growth opportunities

(1)	ADAS - Advanced Driver-Assistance Systems	4
(2)	AD - Autonomous Driving

1. Cash, cash equivalents and short-term deposits as of March 31, 2024

Growing diversity and business opportunities in audio-videoconnectivity

Combined verticals represent ~$1B AV TAM per annum

Video conferencing in corporations and education

Providing seamless video- conferencing and educational experience in remote, hybrid and in-person models in rooms of all sizes

		Industrial				Medical imaging			Command and control
										signage
		Industry 4.0 increasingly relies				Integrated in diagnostic			Commercial advertising on
		on camera sensors and AI-				equipment, assisted surgical			public buses; municipalities,
		based computer vision systems				equipment, and operating room			airports and governments
						video distribution			conveying public safety
										information

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Constantly evolving audio-video market presents new opportunities

Long-reach extension of USB3.2 peripherals, the VS6320.

A new untapped large market opportunity

• Target verticals: corporate, education, industrial, and medical
• Emerging Market: well-positioned to capture substantial market share
• Unique proposition: cost-effective,low-power,multi-Gig,long-reach (100m/328ft) single-chip
• Q4 2023: Product launched
• Q1 2024: dozens of products in development by customers
• H2 2024: expecting initial revenues

Legrand | AV's global brands work together to leverage emerging technologies like the new VS6320 platform for long-reach USB 3.0 solutions. "We're excited to have the opportunity to add value to this platform for the Audio-Video and IT communities through our C2G and Vaddio portfolios by providing reliable extension of USB 3.2 connections in hybrid classrooms and meeting rooms of all sizes.

Timothy Troast

VP Technology & Product Strategy at Legrand | AV

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Constantly evolving audio-video market presents new opportunities

Multi-camera videoconferencing for a unified meeting room experience

• Bridging the physical and virtual divide in remote/hybrid meetings
• Developing a flexible, efficient, high-performance connectivity solution
• Leveraging our automotive technology in audio-video
• Collaboration with iCatch Technology to bring an AI-based360-degree multi- camera video conferencing solution to market

We are excited to be working with Valens Semiconductor. Our collaboration has enabled us to develop a cutting-edge solution that will change the way the world approaches videoconferencing settings. We believe that the multi-camera video solution based on Valens Semiconductor's VA7000 chipset family and iCatch Technology's latest V57 AI imaging SoC will raise the bar with regards to quality, long- distance transmission and system reliability in videoconferencing."

Chuck Liao

VP of Business Development of iCatch Technology

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Florida modernizes classrooms in school district with over 330,000 students

• Part of an awarded Elementary and Secondary School Emergency Relief (ESSER) Funded Conference Cameras initiative, and county's 2021-2026Strategic Plan
• Prepare for and avoid future closures of schools (K-12)and enable improved student achievements
• Logitech Cameras and Valens Audio-Video USB and Power extension solution is an easy-to-installand cost-effectivesolution

Florida's largest public school district's schools and teachers can now provide learning

experience to a much broader audience. Logitech's superb camera technology, coupled with Valens Semiconductor's extension solution are empowering schools like those in Florida and other educational institutions in eliminating gender disparities, increasing access, and ensuring continuous and equitable education. We believe that there is great potential for this type of collaboration between Logitech and Valens Semiconductor in K-12, academic institutions and corporations."

Gideon Ben-Zvi

Chief Executive Officer at Valens Semiconductor

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Playing a pivotal role in the mission to make roads safer

ADAS & autonomous driving

Enabling OEMs to level up and

provide enhanced safety as data rates rise with the unstoppable trend of proliferation of sensors and displays in vehicles

In cabin experience

Providing flawless in-cabin experiences in cars which are no longer simple means of transportation but entertainment centers on wheels

Long vehicles

360° visibility for maximum safety. Delivering an unparalleled combination of bandwidth and link distances for both surround view, ADAS and rear-view visibility for the trucking market

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Automotive connectivity market - key drivers

Valens Semiconductor will play an essential role in reliable ADAS & autonomous driving

Today's car architecture has been pushed to its limits

• Space, weight and complexity
• Driving a growing need for increased bandwidth, zero latency, and long-reach connectivity

Enhanced connectivity and processing capabilities

• Proliferation of cameras, radars and LiDARs increasing in-vehicle data production

Future proof technology required to enable software-defined vehicles

• Centralized processing is facilitating faster adoption of software-defined vehicles
• Increased resilience to Electromagnetic Interference (EMI)

Best-in-class EMC performance

• DSP-basedPHY technology - the only multi-gig solution with error-free links
• High-performance,long reach connectivity, simple, low-cost channels, flexibility

HPC

EMC RESILIENCE

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