Innoviz's Total Addressable Market

Valuation Benchmarking EV/2021E Revenues Median: 21.4x Median: 5.2x Median: 13.2x 36.1 x 26.2 x 21.4 x 20.8 x 14.0 x 20.3 x 13.2 x 14.5 x 8.3 x 5.2 x 3.2 x 1.8 x Innoviz 2025E Luminar 2025E Velodyne 2024E AEVA 2025E NVIDIA Ambarella Xilinx Xpeng NIO Tesla Li Auto Cree EV/2021E Revenue Growth Adjusted Median: 0.32x Median: 0.08x Median: 0.93x 2.33 x 1.18 x 0.93 x 0.76 x 0.62 x 0.32 x 0.31 x 0.29 x 0.01 x 0.09 x 0.08 x 0.01 x Innoviz 2025E Velodyne 2024E Luminar 2025E AEVA NVIDIA Xilinx Ambarella Cree Tesla NIO Xpeng Li Auto 2025E EV/2021E EBITDA Median: 23.8x Median: 35.2x 43.4 x 27.1 x 33.4 x 23.8 x 8.0 x 5.8 x Innoviz 2025E Velodyne 2024E Luminar 2025E AEVA 2025E LiDAR NVIDIA Xilinx High-Growth Semis NM NM NM NM NM NM Ambarella Tesla Cree Li Auto NIO Xpeng Disruptive AutoTech 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 multiples, or multiples greater than 50 are presented as "NM". 1 Xilinx undisrupted share price as of 08- Oct-2020, before it was reported that Advanced Micro Devices is interested in acquiring the company. INNOVIZ™ TECHNOLOGIES © Innoviz Technologies Ltd. 2020 All Rights Reserved - Proprietary & Confidential. No part of this document may be reproduced or disclosed in any manner. 32 32

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