2021 ACTIVITY 2022 OUTLOOK

© Kalray SA. Confidential - All Rights Reserved. 1

www.kalrayinc.com

2021 ACTIVITY / 2022 OUTLOOK

Intelligent Data processing,from Cloud to Edge

January 2022


THE SPEAKERS

Eric Baissus Executive Board Chairman

25 years’ experience as senior executive for major telecom (Alcatel-Lucent) and electronics (Texas Instruments) groups, startup director.

Founder and CEO of Open-Plug (2002): high-tech firm sold to Alcatel-Lucent in 2010.

Anne GabrotCFO

25 years’ experience as CFO for major telecom groups and tech startups.

© Kalray SA. Confidential - All Rights Reserved. 3© Kalray SA. Confidential - All Rights Reserved. 3

• Kalray in a Nutshell

• Key Facts & 2021 Results

• Arcapix Acquisition Project

• 2022 Outlook

• Q&A

AGENDA





• 2022 Outlook

• Q&A

AGENDA


KALRAY IN A NUTSHELL

Intelligent Data Processing, from Cloud to Edge

LEADER IN MANYCORE

TECHNOLOGY

Kalray offers a new type

of processor and

solutions targeting the

booming markets of

edge computing and

intelligent data

processing

• Public Company

(ALKAL)

• Support from

European Govts

• Working with 500

fortune companies

INDUSTRIAL INVESTORS

30Patent

families

+ €100mR&D investment

3rd

Generation

of MPPA®

processor

A GLOBAL PRESENCE


KALRAY OFFER

Intelligent Data Processing, from Cloud to Edge

Storage Appliances

PCIe Cards &

Modules

MPPA®

Processors

EDGE COMPUTING

Compute & AI

Intensive Workloads(Automotive, Industry 4.0, Smart City,

Drones, Robots …)

NEXT GEN.

DATA CENTERS & 5G

Solutions for Storage

& Networking

Automotive Smart City Industry 4.0Data center 5G





• 2022 Outlook

• Q&A

AGENDA


2021 KEY FACTS

Storage Market : First Storage Products Commercial Sales

❶ Commercial launch of Kalray K200-LP™ acceleration cards and Kalray Flashbox™ storage appliance

Kalray K200-LP™Acceleration card

Kalray Flashbox™Storage appliances

1st Sales, POCs

& Strategic

Projects


2021 KEY FACTS

Storage Market

❶ Commercial launch of Kalray K200-LP™ accelerationcards and Kalray Flashbox™ storage appliance

❷ Revenue 2021: + 40% • 1.45M€ vs 1.0M€ in 2020

• First sales of Kalray K200TM

acceleration cards and

FlashboxTM


2021 KEY FACTS


❷ Revenue 2021: + 40%

❸ Good progress on Edge Computing, Auto, and 5G markets

BlueBox 3.0

NEXT GEN CARS

5G-ORAN

TELECOM

SMART VISION

INDUSTRY 4.0


2021 KEY FACTS

Cash


❷ Revenue 2021: + 40%

❸ Good progress on Edge Computing, Auto and 5G markets

❹ Coolidge™2 development


2021 KEY FACTS

Cash


❷ Revenue 2021: + 40%

❸ Good progress on Edge Computing, Auto and 5G markets

❹ Coolidge 2 development

❺ Cash end 2021 : 12.2M€

• 10,6 M€ raised

• 257 271 new shares

• Dilution : 4.4% (non-diluted basis)

EQUITY LINE AS OF DEC 31ST 2021





• 2022 Outlook

• Q&A

AGENDA


ARCAPIX OVERVIEW

Leading Provider of Software-Defined Storage Solutions for Data-Intensive Applications


ARCAPIX OVERVIEW

Addressing the World's Most Demanding Data Workflows


ARCAPIX OVERVIEW

Trusted by World Leading Organizations


ARCAPIX PROJECT OVERVIEW

Key Benefits of the Contemplated Acquisition

• Strengthen Kalray’s position as a key player in the fast-growing storage and intelligent data processing market

• Accelerate Kalray’s channel-to-market for Kalray acceleration cards and storage solutions

• Give access to a wide portfolio of customers and strategic resellers such as Dell Technologies that serve Kalray’s core markets

• Offer complementary strengths in terms of customer offers, skills and cross-selling opportunities

• Represent a change of dimension for Kalray (+ >50 employees) including a UK and US 30+ sales and support forces

• Add a profitable business, Arcapix is expected to impact Kalray’s top and bottom line

KALRAY

ACCELERATES!



Contemplated Terms of the Acquisition

• Acquisition of 100% of shares

• Mainly in equity (€ 0.9 million paid in cash subject to closing adjustments)

• A shareholder holding 1.00% of Kalray’s capital would hold a participation that could reach 0.93%

• Maximum amount of Kalray’s shares issued : 464,770 Kalray’s shares

• 73,384 shares issued at closing• Spread over 3 years• Includes deferred payments and earn-out based on founder

presence and commercial objectives

The price per Kalray share that would be used in the acquisition would be equal to € 36.12 (the volume-weighted average price of the shares of Kalray over the 180-trading-day period immediately preceding the signature of the non-binding term sheet related to the contemplated transaction).

BUILT FOR A

SOLID

INTEGRATION

AND STRONG

VALUE

CREATION



Status & Next Steps

• Exclusive negotiations

• Financial audit carried out

• Legal audit ongoing

• Consultation with Kalray’s works council (comité social et économique) to come

• The signing of the definitive documentation expected in the coming weeks

• Final transaction subject to customary conditions and approval of the shareholders’ general meeting of Kalray

• Completion expected beginning Q2 2022

RAPID IMPACTS

AS SOON AS

2022





• 2022 Outlook

• Q&A

AGENDA



• Key Facts

• 2021 Financial Summary

• Arcapix Acquisition

• 2022 Outlook

- Market & Competitive Landscape

- 2022 Priorities and Objectives

• Q&A

AGENDA


THE DPU MARKET

Data Processor at the Heart of Next Generation of Appliances and Servers

DPU on Wikipedia!

Sources: GigaOm and Chris Mellor https://blocksandfiles.com/2021/11/25/dpus-appear-on-gigaoms-sonar-screen/

Best Technology and Roadmap (GigaOm Sonar)

A data processing unit (DPU) is a programmable specialized electronic circuit with hardware acceleration of data processing for data-centric computing.


KALRAY POSITIONING

VS COMPETITION

Optimized for Intelligent Data Processing

MPPA® FPGA GPU

✓ ✓ ✓

✓ x ✓

✓ x x

✓ x -

✓ ✓ x

✓ ✓ x

Best Power

Efficiency

Cost

Optimized

Easily Programmable –

Standard Languages

High Computing

Efficiency

Heterogeneous

Parallel

Multi-Processing

Low Latency /

Deterministic /

Real-Time

$

</>

Performance

Low latency, real-time,

deterministic

Concurrent execution of dozens

of heterogeneous critical tasks

Easily programmable

(open standards)

Power efficiency

Performance scalability


2022 KEY PRORITIES

Storage Market

❶ Strong sales acceleration enabled by storage solutions products

2022 REVENUE

OBJECTIVE

20M€


2022 KEY PRORITIES

Growth Drivers


❷ Continue strategic partnerships on Edge Computing (Auto, Smart Vision, Critical Embedded, 5G) & Networking to spread Kalray acceleration cards usage and create new Kalray revenue stream starting in 2023

Automotive

Telecom/5G

Smart Vision


2022 KEY PRORITIES

Roadmap


❷ Continue strategic partnerships on Edge Computing (Auto, Smart Vision, Critical Embedded, 5G) & Networking to spread Kalray acceleration cards usage and create new Kalray revenue stream starting in 2023

❸ Development of Kalray roadmap (Coolidge2, Dolomites)




• Arcapix Acquisition

• 2022 Outlook

• Q&A

AGENDA


Q&A SESSION

"Hands Up" button

MICROSOFT TEAMS

Keys " * " then " 6 "

PHONE

6

*


www.kalrayinc.com

THANK YOU


www.kalrayinc.com

DISCLAIMER

Kalray makes no guarantee about the accuracy of the information contained in this document. Itis intended for information purposes only and shall not be incorporated into any contract. It isnot a commitment to deliver any material, code or functionality, and should not be relied upon inmaking purchasing decisions. The development, release and timing of any features orfunctionality described for Kalray products remains at the sole discretion of Kalray.

Trademarks and logos used in this document are the properties of their respective owners.

www.kalrayinc.com

2021 ACTIVITY 2022 OUTLOOK

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