Innoviz's Total Addressable Market

Operational Benchmarking Median: 159.8% 242.5% 171.0% 159.8% 2020E-2022E Revenue Growth Median: 17.2% Median: 72.3% 115.2% 82.4% 72.3% 34.5% 66.0% 17.5% 17.2% 8.9% 6.0% Innoviz 2023E-2025E AEVA 2023E-2025E Luminar 2023E-2025E Velodyne 2023E-2024E Ambarella NVIDIA Xilinx Xpeng NIO Li Auto Tesla Cree Median: 62.7% 69.2% 63.4% 62.7% 57.8% 51.6% 2021E Gross Profit Margin Median: 66.0% 66.0% 60.4% Innoviz 2025E Luminar 2025E AEVA 2025E Velodyne 2024E Xilinx NVIDIA Median: 17.5% 37.5% 21.8% 17.5% 16.5% 12.9% Ambarella Cree Tesla NIO Li Auto Xpeng 2021E EBITDA Margin Median: 39.4% Median: 31.8% 47.2% 43.6% 39.4% 30.8% 31.8% 21.8% Innoviz Luminar 2025E 2025E AEVA 2025E Velodyne 2024E ■LiDAR NVIDIA - 19.0% 11.9% 9.0% Xilinx Ambarella Tesla High-Growth Semis ■Disruptive AutoTech Median: 14.0% NM NM NM Cree Li Auto NIO Xpeng Source: Latest publicly available financial statements. Market data as of 09-Dec-2020. Note: Equity Market Cap based on diluted shares outstanding. Projections for the High-Growth Semis and Disruptive AutoTech peers are based on IBES median estimates and/or other Wall Street research. Projections for the LiDAR peers are based on publicly available investor presentations. All research estimates have been calendarized to December. Negative margins are presented as "NM". INNOVIZ™ TECHNOLOGIES © Innoviz Technologies Ltd. 2020 All Rights Reserved - Proprietary & Confidential. No part of this document may be reproduced or disclosed in any manner. 31

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