Kornit Digital : Q2 2022 Investor Presentation

KORNIT DIGITAL

(NASDAQ: KRNT)

Second Quarter 2022

Earnings Conference Call Supporting Slides August 10, 2022

1

SAFE HARBOR

This presentation contains forward-looking statements within the meaning of U.S. securities laws. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements reflect our current views with respect to future events and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance or events or circumstances described in the

presentation will occur or be achieved. You should read the Company's most recent annual report on Form 20-F, filed with the U.S. Securities and Exchange Commission, or

SEC, on March 30, 2022, including the Risk Factors set forth therein. Except as required by law, we undertake no obligation to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this presentation.

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 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.

2 © 2022 Kornit Digital. All rights reserved.

ON TODAY'S CALL

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

BUSINESS HIGHLIGHTS

RONEN SAMUEL Chief Executive Officer

4 © 2022 Kornit Digital. All rights reserved.

Second Quarter Results

•	Total revenues were $58.1 million, net of non-cash warrants impact of $4.5 million
	• In line with preliminary results issued on July 5, 2022
	• Shortfall in DTG systems revenues, mainly in the Americas region
	• Growth impacted by re-calibration of e-commerce, macro headwinds, and
	delays in completion of customer production facilities
•	Some e-commerce customers continue to digest excess system capacity built in
	the past two years and navigate macro-related issues
•	Other customers continue to grow nicely, although at a more normalized pace
•	We also see certain customers make good progress on their expansion plans and
	new production facilities
•	Several deals we expected to complete at the very end of the second quarter have
	either closed in the third quarter, remain in our backlog, or have moved to 2023
• Consumables revenues were in line with our expectations, as some customers
	have worked through the inventory build-up experienced in the last few quarters
•	Continue to expect consumables to grow sequentially throughout the balance of
5	2022 as our customers gear-up for their peak seasons