DZS : Third Quarter 2024 Q3 Investor Presentation

Investor Presentation

OTC: DZSI

November 6, 2024

© 2024 DZS - Proprietary and Confidential

Forward Looking Statements

During the course of this presentation, we will provide projections and other forward-looking statements regarding future events or the future financial performance of DZS Inc., including expectations concerning our business strategy. Such statements are only current expectations and actual events or results may differ materially. We refer you to the DZS filings with the SEC, particularly our most recent Reports on Form 10-K, Form 10-Q, and Form 8-K. These documents identify important risk factors that could cause actual results to differ materially from our projections other forward-looking statements. We will also present financial metrics on a 'non-GAAP' basis. These items, together with the corresponding GAAP numbers and a reconciliation to GAAP, are contained in this presentation and the related earnings press releases on our website at www.dzsi.com.

Note to Recipients

This presentation shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration, qualification, or exemption under the securities laws of any such jurisdiction. This presentation may contain market data and industry statistics and forecasts that are based on independent industry publications and other publicly available information. Although we believe these sources are reliable, we do not guarantee the accuracy or completeness of this information and we have not independently verified this information.

In addition, the market and industry data and forecasts that may be included in this presentation may involve estimates, assumptions and other risks and uncertainties and are subject to change based on various factors. Accordingly, investors should not place undue reliance on this information.

© 2024 DZS - Proprietary and Confidential

Who We Are…

Gigabit+

Broadband

Everywhere

DZS at-a-Glance

Founded: 1999

Headquarters: Dallas, Texas

Markets: Americas | EMEA | ANZ

Publicly Traded Since: 2003

Focus: Networking, Connectivity & Cloud Edge Software Solutions

Enabling High-Speed, Intelligent and Secure Broadband Solutions

© 2024 DZS - Proprietary and Confidential

Management Team

Charlie Vogt	Brian Chesnut	Philip Bednarz	Scott St. John	Raghu Marthi	Laura Larsen-	Justin Ferguson
CEO and President	Chief Financial Officer	Chief Product Officer	Chief Customer Officer	Chief Operations Officer	Misunas	Chief Legal Officer
					Chief People Officer

© 2024 DZS - Proprietary and Confidential

History of Innovation and Transformation

1999

Founded

2019

Launched

Mobile FHG

Acquired

2001

Acquired

Access Node

2020

New

Management

Charlie Vogt

becomes CEO

2003	2005	2006
IPO	Acquired	Launched
		GPON

2021	2022	2024
Launched	Acquired	Launched
XGS-PON		400G Optical Edge
Acquired		Divested Asia
		Acquired
		Divested

2016

Acquired

2025+

Developing

50G PON

Next Gen WiFi

Edge AI

Next Gen FWA

© 2024 DZS - Proprietary and Confidential

What We Do

Fiber

Self-Install Extension

DPUs

Network/ Passive

Service Optical

Assurance LAN

AI-Driven

5G Slicing
Mobile
& Network
xHaul
Assurance

OLTs/ONTs	SDN Management & Control/
XGS-PON
Orchestration & Automation
50G PON

High Performance	Wi-Fi
Home Broadband	6/6E/7

4G/5G Self-Install Fixed Wireless

DWDM In-band 400G

Transport Management

EDGE

Portfolio Attributes

• AI-driven
• Standards-based
• Software-defined
• Environmentally Hardened
• NETCONF/YANG Managed
• High Performance / Capacity
• Future-ready

© 2024 DZS - Proprietary and Confidential

Broadband Everywhere Enablers

55% mobile data CAGR

2023-2030

(Source: Cisco)

$75B IoT device revenue by 2025

(Source: Statista)

17% PON growth

2023-2026

(Source: Omdia)

VR/AR/XR requires

10-500 Gbps per instance

(Source: Cisco)

Optical edge growth driven by HSI & 5G

(Source: Cisco)

39% 5G FWA growth

2024-2030

(Source: Exactitude)

$100B of broadband

stimulus

(Source: DZS Analysis)

Home broadband average

multi-gig by 2028

(Source: RVA)

© 2024 DZS - Proprietary and Confidential

Reimagine the Network Edge and Connectivity

Software Defined Network and Cloud Management

Optical Transport

Open

ROADM

25G / 100G / 400G DWDM

Muxponder

Fiber Broadband	Fiber Extension	Fixed Wireless
		4G/5G
OLT
PON
	DPU

© 2024 DZS - Proprietary and Confidential

Delivering Disruptive Innovation

Network Edge

Optical | OLT | ONT

Optical Transport	Fiber Access	Fiber Termination

Connectivity

Wi-Fi | FWA | DPU

Software

Next Gen OS | Orchestration | Automation

Software-Define Operating System

NETCONF

YANG

Standards-Based

Home Broadband

Fixed Wireless

Fiber Extension

Orchestration & Automation

© 2024 DZS - Proprietary and Confidential