NewsReleaseNovember5,2019

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JERUSALEM,Nov.5,2019–DuringaninvestorsummittodayatMobileye

headquartersinJerusalem,MobileyePresidentandCEOProfessorAmnonShashuaprojectedsignificantandsustainedrevenuegrowthforthenextdecade.TheforecastwasofferedwithinabroaderstrategyupdatethatincludednewdatapointsacrossMobileye’slinesofbusiness,anexpandedtotalavailablemarket(TAM)andnewcustomerannouncements.Attheevent,IntelCFOGeorgeDavisdescribedMobileyeasoneofthecompany’sstrategic,data-centricgrowthopportunities,whichisoutperformingIntel’sinitialexpectations.

“Intelisparticipatinginanexpandedandincreasinglydata-centricTAM,”Davissaid.“AsoneofIntel’sbigbets,MobileyeisacriticalpartofIntel’sfutureandisalreadyexceedingourexpectationswithADASrevenuetodaythatisfundingthefutureofdriverlesscars.”

Inthe2019’sthirdquarter,Mobileyeachievedanotherrecordquarterwith20percentrevenuegrowthyearoveryeardrivenbycontinuedadvanceddriver-assistancesystems(ADAS)momentum.AsoneofthemostsuccessfulacquisitionsinIntel’shistory,MobileyeisnowIntel’sfastestgrowingbusinessonanannualizedbasis.ThestrengthofMobileye’sbusinesstodayislargelyattributabletoarapidlyexpandingADASmarket,whileitsfuturebusinesswillexpandgreatlywithforaysintodatamonetizationandthenascentrobotaximarket.

“Mobileyeisuniquelycreatingeconomicandsocietalvalueeverydayofthejourneytofullyautonomousvehicles,”Shashuasaid.“OurADAStoAVstrategysetsusuptoplaythemarathongamewithself-fundingofR&DthatwillenableustoaddresskeysegmentsofasignificantTAMforADASanddataof$72.5billionandanestimated$160billionTAMforrobotaxisby2030.”

More:2019MobileyeInvestorSummit(PressKit)|MobileyeNews|AutonomousDrivingatIntel(PressKit)

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Duringtheevent,ShashuaannouncedaLevel4designwinwithChineseelectricautomakerNIO .NIOwillintegrateMobileye’sindustry-leadingself-drivingsystemtobuildhighlyautomatedandautonomousvehicles(AV)forconsumermarketsinChinaandothermajorterritories.NIOwillalsoworkwithMobileyetodeveloparobotaxivariantofitsnext-generationvehiclethatwillbeexclusivelysoldtoMobileyeforglobaldeploymentofrobotaxi-basedride-sharingservices.

Attheeventtoday,ShashualaidoutMobileye’sstrategicbusinesspillarsandprovideddeep-divesintoMobileye’sindustryleadingassetsincomputervision,mappingandsafety.Otherdisclosuresincluded:

RevenueTodayThroughADAS:

Bytheendof2019,Mobileyewillhaveshippedmorethan50millionEyeQ®chipssince2008.

Today,MobileyepowersADASsystemsin300carmodelswith27OEMpartners.

Eightoutof11L2+systemsinproductionarebasedonMobileyetechnology.

Threemajormarketdesignwins:4millionnewunitswithamajorEuropeanOEM;adealwiththelargestOEMinIndia–thesecond-fastestgrowingmarketforautomobilesglobally (afterChina);andtwonewwinswithleadingChineseOEMs.

RobotaxiMobility-as-a-Service:Investorsandanalystsattheeventweretreatedtobehind-the-scenesR&DtestdrivesonthedemandingroadsofJerusalem.MobileyedemonstratedhowitscompleteAVsolutionstackistechnicallyadvancedwithunmatchedagilityandsafety,copingwithawidevarietyofdrivingcomplexities.ItistechnologyMobileyeisperfectingforitsdriverlessride-hailingbusiness,startingwithitsPintapilotannouncedlastyear.

TheVolkswagenandChampionMotorsjointventureannouncedlastyear(aka“Pinta”)isontrackforoperationinTelAvivby2022.

Usingthird-partydata,IntelconservativelyestimatestheTAMforrobotaxisat$160billionby2030.

Alsoannouncedtoday,MobileyeandRATPGroup(RégieAutonomedesTransportsParisiens)arecollaboratingtowardalong-termcooperationaimingforthedeploymentofautonomoustransportationsolutionsbasedonMobileye’sAVtechnology.ThecombinationofMobileye’suniqueAVassetscombinedwithRATPGroup’sstrongpositioninEuropeandmobilityservicesexpertiseenablethecompaniestoexplorebringingtomarketajointofferingforarobotaxishuttlefleetglobally.TestingwillstartinParisin2020.

Newrevenuefromdata: MobileyeiscapitalizingonitsindustryleadingADASfootprintwithadifferentiated,crowd-

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sourcedapproachtothetechnicallychallengingfieldofcreatingultra-precisemaps.ItsRoadExperienceManagement™(REM™)mappingsystemisunmatchedasasolutionforautonomousdriving,aswellasforofferingdatasolutionsforsmartcitymanagementandbeyond.

MobileyeisnowrunningautomaticmapcreationoftheworldbasedondataarrivingfromBMW,Volkswagen,NissanandthreeothermajorOEMs,ensuringfreshmaps.Basedonharvestingvolumes,MobileyeleaderspredicttheEuropeanUnionwillbefullymappedby2020’sfirstquarter,andthemajorityoftheU.S.beforeyear-end2020.

Mobileye’srecentADASwinsinEurope,IndiaandChinaexpanditsmappingreachtothe“bigfive”:China,EMEA,India,KoreaandtheU.S.

Morethan20additionalcustomersjoinedMobileye’sOrdnanceSurveypartnershiptrialandonboardingprocessforsmartcitymapping,anopportunitypoisedforgrowth.

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Source:PaperonInnovation,EconomicDevelopmentandIntellectualPropertyinIndiaandChina.ChapteronTheGrowthoftheIndianAutomobileIndustry,

https://link.springer.com/chapter/10.1007/978-981-13-8102-7_19

Tags:2019MobileyeInvestorSummit,Mobileye,PartnerStories

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