MicroVision : Presentation Q2 2023

Investor Presentation

August 2023

1 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.

Safe Harbor Statements

This presentation of MicroVision, Inc. ("MicroVision," "the Company," "we," or "our"), and any accompanying oral presentation, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, among others: statements relating to expectations regarding our future growth, profitability, market position and addressable market size; projections, estimates and targets; our financial condition and liquidity; our business strategies; our product plans and partnerships; and future product performance. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements. These statements reflect our expectations, assumptions and estimates as of the date of this presentation, and actual results may differ materially from the results predicted. The preparation of forward-looking financial guidance requires us to make estimates and assumptions; actual results may differ materially from these estimates under different assumptions or conditions. Factors that could cause actual results for MicroVision to differ from the results predicted include: our history of operating losses; challenges caused by the COVID-19 pandemic; the need for additional capital; potential dependence on third party partners, including licensing partners and contract manufacturers; risks related to our technology; quarterly financial and stock price performance; continued listing of our stock; successful monetization of our product solution; competitive risks; risks associated with key customer or strategic relationships and activities; disruptions in the global financial markets and supply chains; acquisition integration risks and legal & regulatory risks. More information about potential risk factors that could affect our business and financial results is included in MicroVision's latest annual report on Form 10-K for the year ended December 31, 2022, subsequent quarterly reports on Form 10-Q, and other reports and documents filed by MicroVision from time to time with the U. S. Securities and Exchange Commission ("SEC").

In addition to financial measures presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this presentation includes certain non-GAAP financial measures, including Adjusted Gross Profit and percent margin. These non-GAAP measures are in addition to, and not a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. The non- GAAP financial measures used by MicroVision may differ from the non-GAAP financial measures used by other companies.

Except as required by law, we assume no obligation to update any information in this presentation to reflect events or circumstances in the future, even if new information becomes available.

Unless otherwise indicated, information contained in this presentation concerning our industry, competitive position and the markets in which we operate is based on information from independent industry and research organization other third-party sources and management estimates. Management's estimates are derived from publicly available information released by independent industry analysts and other third-party sources, as well as data from our internal research, and are based on assumptions made by us that we believe to be reasonable. In addition, projections, assumptions and estimates of future industry and Company performance are necessarily subject to uncertainty and risk due to a variety of factors, including those described above and in our SEC filings. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by MicroVision.

MicroVision has rights to various trademarks, service marks and trade names used in connection with the operation of our business. This presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this presentation is not intended, and does not imply, a relationship with MicroVision, or an endorsement or sponsorship by or of MicroVision. Solely for convenience, the trademarks, service marks and trade names referred to in this presentation may appear without the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that MicroVision will not assert, to the fullest extent under applicable law, its rights or the right of the applicable licensor in these trademarks, service marks and trade names.

2 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.

MicroVision: A Leading Provider of LiDAR Solutions

Uniquely Positioned to be a Trusted LiDAR Solutions Provider Across End Markets

• Leading provider of LiDAR hardware and software solutions to the Automotive, Industrial, Smart Infrastructure and Robotics markets
• Compelling high-margin software revenue plus revenue-ready LiDAR products for Automotive and Industrial markets
• Strong CAGR potential given design RFQs

Comprehensive Product Portfolio

MAVIN, a MEMS-based	MOVIA, a flash-based LiDAR	MOSAIK, a sensor validation
LiDAR sensor with	sensor for Industrial, Smart	software platform used by
perception software for	Cities and short-range	Auto OEMs and Tier 1s
Auto OEMs and Tier 1s	Automotive applications

Detroit, Michigan, USA				Hamburg, Germany
Redmond, Washington, USA				Nuremberg, Germany

350+ employees

(52 PhDs)

735 patents

Track Record of Delivering Technologies to

Global Blue-Chip Customers

3 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.

Key Investment Highlights

BEST-IN-CLASS		Highway Pilot capabilities up to 130 km/h enabled by our MEMS-based LiDAR with automotive grade perception software;
LiDAR FOR AUTO	1
Form factor and size enable roofline and/or behind windshield positioning for OEMs
& INDUSTRIAL
UNIQUE MARKET		21	Offers MOSAIK for OEMs / Tier 1s in their ADAS sensor validation work, enabling key strategic insights; We believe
POSITION WITH MOSAIK		we are the only LiDAR company to offer hardware and validation software solutions ready for the ADAS market
STRONG IP LEADERSHIP &		31		735 patents in core technology (more patents than any other publicly traded LiDAR company);
INDUSTRY EXPERIENCE			50+ years of R&D and productizing LiDAR technology as a combined company
SIZEABLE REVENUE		41		Uniquely positioned in attractive markets with high growth rates; Market size of ~$88(1) Billion in
OPPORTUNITY			cumulative TAM (through 2030) in ADAS with additional opportunities in non-Automotive industries
COMPELLING MARGIN,		51	High margin revenue streams driven by revenue ready products and mature software portfolio
GROWTH AND CASH FLOW		with strong CAGR potential driven by Automotive OEM focus

(1) Includes estimated LiDAR units on L2+ and L3 cars only (does not include L4 and L5 systems) based on IHS Markit, Industry research and Company estimates.

4 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.

Transforming into the New MicroVision

	2000
	1st generation micro-
1996	electromechanical
systems (MEMS)
NASDAQ Listed
produced
1998	2003

2009
Developed first
commercial miniature full-	2019
color projection display
Microsoft
(PicoP) for consumer and
contracted
automotive applications
HoloLens 2

	2014
2011	Sony licensed
3rd generation
Start of	display module
LiDAR R&D

Transition to automotive LiDAR

2020	2023
Transitioned to developing
Joined
long-range LiDAR for ADAS
forces with Ibeo

2021

Long-range LiDAR (MAVIN) unveiled at IAA

2023+

Well positioned to be a leading provider of LiDAR solutions

U.S. Military	Reduced MEMS
contract for heads
by 75%, paying
up displays
way for
	miniaturization

2000s

1990s

1998

Ibeo founded as a

spin-off from Sick AG	2007
	First LiDAR
	developed (1)

2010s

	2016	2020
	Launched
	Expanded into
	validation software
	North American
	with BMW & Audi
	markets
2010
	2017
Contracted
with Valeo		Valeo SCALA®
		SOP

2020s

Strategic deployment of capital for the

Ibeo acquisition of €15.0 million(2)

Acquired Ibeo assets & IP including a few hundred million in investments over many years

Reduced go-to-market time through existing relationships to OEMs

1. To be qualified for serial production with a Tier 1 automotive supplier
2. Purchase Price per the Asset Purchase Agreement. Purchase Price does not include interim funding between signing and closing.

5 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary.