Kornit Digital : Q1 2023 Investor Presentation

KORNIT DIGITAL

(NASDAQ: KRNT)

First Quarter 2023

Earnings Conference Call Supporting Slides

May 10, 2023

©2023 Kornit Digital. All rights reserved.

ON TODAY'S CALL

Ronen Samuel	Lauri Hanover	Amir Shaked Mandel	Andrew Backman
CEO	CFO	EVP Corp Dev	Global Head of IR

2 ©2023 Kornit Digital. All rights reserved.

SAFE HARBOR

This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as "will," "expects," "anticipates," "continue," "believes," "should," "intended," "guidance," "preliminary," "future," "planned," or other words. These forward-looking statements include, but are not limited to, statements relating to the Company's objectives, plans and strategies, statements of preliminary or projected results of operations or of financial condition and all statements that address activities, events, or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the duration and severity of current adverse macro-economic headwinds being caused by supply-chain delays, inflationary pressures, and rising interest rates, which have been impacting, and may continue to impact, in an adverse manner, the Company's operations, financial position and cash flows, in part due to the adverse impact on the Company's customers and suppliers; the Company's degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company's Poly Pro and Presto products; the extent of the Company's ability to consummate sales to large accounts with multi-system delivery plans; the degree of the Company's ability to fill orders for its systems; the extent of the Company's ability to increase sales of its systems, ink and consumables; the extent of the Company's ability to leverage its global infrastructure build-out; the development of the market for digital textile printing; the availability of alternative ink; competition; sales concentration; changes to the Company's relationships with suppliers; the extent of the Company's success in marketing; and those additional factors referred to under "Risk Factors" in Item 3.D of the Company's Annual Report on Form 20-F for the year ended December 31, 2022, filed with the SEC on March 30, 2023. Any forward- looking statements in this press release are made as of the date hereof, whether as a result of new information, future events or otherwise, except as required by law.

In addition to U.S. GAAP financials, this presentation includes certain non-GAAP financial measures. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. Please see the reconciliation table that appears among the financial tables in our earnings release being issued today, which earnings release is attached as Exhibit 99.1 to our report of foreign private issuer on Form 6-K being furnished to the SEC today, which reconciliation table is incorporated by reference in this presentation.

This presentation contains statistical data that we obtained from industry publications and reports generated by third parties. Although we believe that the publications and reports are reliable, we have not independently verified this statistical data.

Kornit, Kornit Digital, the K logo, and NeoPigment are trademarks of Kornit Digital Ltd. All other trademarks are the property of their respective owners and are used for reference purposes only. Such use should not be construed as an endorsement of our products or services.

3 ©2023 Kornit Digital. All rights reserved.

BUSINESS HIGHLIGHTS

Ronen Samuel

Chief Executive Officer

4 ©2023 Kornit Digital. All rights reserved.

FIRST QUARTER - RECAP

• Total first quarter revenues of $47.8 million, in line with guidance provided in February
• As a reminder, revenues include the impact from the fair value of issued warrants
• Promising indicators emerged in certain parts of our business, despite macro pressures in operating environment
• System sales supporting customized design customers, historically ~90% of our business, remained challenging
• Double-digityear-over-year impressions growth from several of our larger strategic accounts
• Global strategic account bringing additional systems online to handle current and expected volume growth; Reminder: these systems were shipped last year but experienced installation delays due to site completions.
• Impressions momentum continued in the second quarter; several customers a bit more optimistic on growth
• Customers upgrading to MAX technology drove a strong quarter for services revenues
• Expect other large customers to upgrade systems throughout the remainder of 2023 and in 2024

5 ©2023 Kornit Digital. All rights reserved.