Ambarella : Morgan Stanley TMT Conference Presentation

March 9th & 10th, 2022

Morgan Stanley TMT Conference

The Palace Hotel, San Francisco

Fermi Wang, CEO

John Young, VP Finance

Louis Gerhardy, Corporate Development

2022 AMBARELLA COPYRIGHT COM.AMBARELLA

Forward-Looking Statements

This presentation contains forward-looking statements that are subject to many risks and uncertainties. All statements made in this presentation other than statements of historical facts are forward-looking statements, including, without limitation, statements regarding Ambarella's strategy, future operations, financial targets, future revenues, projected costs, prospects, plans and objectives for future operations, future product introductions, future rate of our revenue growth, the size of markets addressed by the company's solutions and the growth rate of those markets, technology trends, our ability to address market and customer demands and to timely develop new or enhanced solutions to meet those demands, our ability to achieve design wins, our ability to build and deliver products to customers, and our ability to retain and expand our customer and partner relationships.

In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "believes," "estimates," "projects," "predicts," "potential," or the negative of those terms, and similar expressions and comparable terminology intended to identify forward-looking statements. We have based forward-looking statements largely on our estimates of our financial results and our current expectations and projections about future events, markets and financial trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs as of the date of this presentation. Although these forward-looking statements are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations are disclosed in Ambarella's annual reports on Form 10-K and quarterly reports and Form 10-Q filed with the Securities and

Exchange Commission (the "SEC"), particularly in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of

Operations." You should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward- looking statements.

Before you invest, you should read the annual and quarterly reports and other documents Ambarella has filed with the SEC for more complete information about the company and its ordinary shares. Additional information will also be set forth in Ambarella's future quarterly and annual reports and other filings made with the SEC from time to time. You may access these documents for free by visiting EDGAR on the SEC web site at www.sec.gov.

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CV revenue

contribution begins

Ambarella is an Artificial Intelligence Semiconductor Company

Introducing advanced hardware and software technology

• Since our founding in 2004, we have been focused on digital video applications, always with the premise that video is a unique type of data

requiring an optimized chip architecture.

• First 12 years. Initially targeted human viewing applications with low-power and high-resolution video processing SoCs for the consumer and security camera markets.
• The last 5+ years. Intensive R&D investment led to the development of a deep neural network AI processor targeting IoT endpoints. When combined with the existing video processor, the integrated computer vision ("CV") system-on-a- chip ("SoC") enables machines to perceive their environment and make intelligent decisions, facilitating higher levels of automation in multiple industries.
• We are expanding our processing beachhead beyond video perception and into new markets with the introduction of CV3 and the acquisition of Oculii.

Revenue and GAAP R&D $ (M)

$360

$240	Inflection

GAAP R&D 63%

revenue in F2021

$120

$-

F2006

F2007

F2008

F2009

F2010

F2011

F2012

F2013

F2014

F2015

F2016

F2017

F2018

F2019

F2020

F2021

F2022e

GAAP R&D CV

GAAP R&D non CV

Revenue

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AMBARELLA.COM COPYRIGHT AMBARELLA 2022

Global Footprint 899 with Oculii

~82% of employees are engineers and ~72 of the engineers are focused on software/algorithms

245	71	213	353	5	6	6
United States	Europe	China	Taiwan	Hong Kong	Korea	Japan

HQ

Santa

Clara, CA

Manufacturing

Samsung Semiconductor

US ODMs

• Jabil
• Flextronics

Oculii

Dayton, Ohio

• Acquired 2021
• Radar algorithms

Founded and incorporated in Cayman Islands in 2004

VisLab

Parma, Italy

• Acquired 2015
• Majority PhDs

India ODM

• VVDN

	Taiwan ODMs
	 Chicony
	 Sercomm
	 Vivotek
	 LiteOn
	 WNC
China ODMs	 Ability

• Goertek
• Huaqin
• Kenxen

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CVflow a New Foundation for Growth

Successfully leveraging human viewing heritage into machine sensing

Fully

Perception,

Fusion,

Planning

and Viewing

Perception

and

Viewing

Human

Viewing

Partially

Automated

Human

Viewing

Automated

ISP	Encode	ISP	Encode	ISP	Encode
Video processor	Computer vision processor		Domain Controller	5

AMBARELLA.COM COPYRIGHT AMBARELLA 2022