Announcement PDF COMPANY UPDATE NOVEMBER 2021 AUTHORISED FOR RELEASE BY THE BOARD 1 DISCLAIMER IMPORTANT NOTICE This presentation has been prepared by 4DS Memory Limited. (“4DS” or the “Company”) based on information available to it as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision. The distribution of this presentation may be restricted by law and you should observe any such restrictions. This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in 4DS, nor does it constitute financial product advice or take into account any individual’s investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of 4DS and conduct its own investigations. Before making an investment decision, investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. 4DS is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of 4DS securities. This presentation contains certain forward-looking statements that are based on the Company’s management’s beliefs, assumptions and expectations and on information currently available to management. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of 4DS to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the political and economic environment in which 4DS will operate in the future, which are subject to change without notice. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of 4DS, its officers, directors, employees and agents, nor any other person, accepts any responsibility and liability for the content of this presentation including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this presentation or otherwise arising in connection with it. To the full extent permitted by law, 4DS and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation). Forward looking statements The information presented in this presentation is subject to change without notice and 4DS does not have any responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of this presentation, which may affect any matter referred to in this presentation. 2 THE OPPORTUNITY Semiconductor demand at an all time high Production facilities cannot keep up with demand Billions are being invested into new production facilities Limited memory innovation over many years: SRAM, DRAM and NAND remain the dominant memories Lack of innovation and high demand provide an opportunity for new technologies Existing memory solutions have become the limiter in computing for both mobile and data centers 3 COMPANY OVERVIEW INTERFACE SWITCHING ReRAM World-leading Silicon Valley based Interface Switching ReRAM developer 4DS is the most advanced Interface Switching ReRAM Targeting Storage Class Memory with focus on augmenting DRAM Joint development agreement with Western Digital subsidiary HGST since 2014 Strategic collaboration with imec since 2017 32 granted US patents wholly owned (4 non-core patents dropped) Board and management have the requisite skills to create value 4 STORAGE CLASS MEMORY STORAGE CLASS MEMORY Attempts to combine the best characteristics of DRAM and NAND Flash 4DS Interface Switching ReRAM is a unique ReRAM being developed specifically for Storage Class Memory applications. Faster: DRAM - like read speed Low NAND Flash Storage Class Memory Die Cost ($/GB) Battleground for next generation memory technology. Access Time (Sec) Slow DRAM High Fast Cheaper than DRAM cost per bit Non-Volatile Volatile Non-volatile - retains data when power is off 5 THE CURRENT MARKET In 2020 the total semiconductor market achieved ~US $470 billion in sales.* DRAM and NAND Flash markets had a combined annual revenue of US$ 120 billion in 2020 or approximately 25% of world-wide semiconductor revenue.* DRAM & NAND are a significant influence on the overall semiconductor market.* Storage Class Memory will supplement not replace DRAM & NAND revenue or potential growth. It’s estimated that more than 5 billion people have a mobile device *https://www.semiconductors.org/wpcontent/uploads/2021/02/HighestVolume-MainstreamMemory_Omdia.pdf 6 SNAPSHOT Completed analysis of multiple lots of imec wafers Demonstrated ability to replicate results in speed, endurance and retention – twice during 2021 While 4DS memory endurance continues to be orders of magnitude better than NAND endurance, recent results showed a potential degradation in endurance using the latest version of polycrystalline PCMO Strategic collaboration with imec; recently extended to end of 2022 o Negotiating the extension and defining the future development plans were the reason for suspension from the ASX Western Digital / HGST JDA extended till 30 June 2022 3 additional patents granted Todays Market Cap* – A$72.5 million (@A$0.048) Peak Market Cap – A$370 million *Assumes fully diluted on completion of placement and SPP – doesn’t include oversubscriptions Recently placed A$ 2.5 mil to institutions and high-networth individuals SPP for up to A$ 2.5 mil is open, with ability to take additional A$1 mil 7 WORLD # 1 AND 4DS PARTNER imec is the world’s #1 independent semiconductor development institute In 2020 total revenue of 680 million euro Unique infrastructure that includes a 2.5 billion euro 300mm semiconductor pilot line More than 5000 expert scientists from over 95 countries Collaborates with the who’s who of electronic products and systems – over 600 world leading industry players and a global academic network Collaborates with makers of high-volume high-density memories Uses the same tools as industry for high-volume production of high-density memories Has a proven Megabit memory platform to fast-track development of Gigabit memories, using a Megabit memory test chip 8 COLLABORATION OBJECTIVES 2022 Complete Complete process optimization in Q1 2022 Commence Commence Lot production in Q2 2022 Deliver Out of Fab Lot delivered to 4DS early Q3 2022 End Goal End goal is to demonstrate the ability to fabricate a 4DS Interface Switching megabit memory array in 2022 9 EIGHT YEAR PARTNERSHIP WITH HGST HGST is a subsidiary of Western Digital Corporation (US$ 17.5 billion market cap), one of the largest global leaders in digital storage Strategic innovator in emerging high growth technologies Commenced Joint Development Agreement in 2014 – Renewed in 2015, 2016, 2017, 2018, 2019, 2020 and 2021 Insight into what is important in a data-centric world 10 BOARD AND MANAGEMENT Drs. Wilbert van den Hoek Non-Executive Chairman • Served as CEO and Board member of Silicon Valley companies • Previously CTO /EVP at Novellus Systems and was a board member of Cypress semiconductor Global expertise in founding and building high-tech companies. Dr Guido Arnout Howard Digby • 30+ years in commercialising electronics technology • • Successes include, Power-Escape, CoWare, CrossCheck Technology and Silvar-Liso Former senior roles at IBM, Adobe, Gartner and the Economist Group • Director of Cirralto Ltd, Elsight Ltd and Singular Health Ltd • Advisor to a number of technology companies CEO & Managing Director Non-Executive Director Ting Yen David McAuliffe • 30 years experience in commercializing memory technologies • Experienced company director • Involved in numerous capital raisings and in-licensing of technologies • • Various roles at Integrated Memory, Netlogic, Integrated Device, Cypress, Paradigm and Philips Research • Founder of several companies in Australia, France and the UK, many of which are now ASX listed. NonExecutive of Invex Therapeutics Ltd Executive roles with a number of leading memory companies in Silicon Valley • These include Adesto Technologies Corporation, Innovative Silicon Inc and Spansion Inc. VP Processing Intergration Executive Director Michael Van Buskirk Chief Engineering Officer 11 CAPITAL STRUCTURE* ASX Code 4DS Market Cap (Fully Diluted) A$ 72.5 million** Ordinary Shares on Issue 1,426,241,507 Unlisted Options 84,360,600 Cash ~A$ 6.5 million – November 2021 *Assumes on completion of placement and SPP – doesn’t include oversubscriptions **At placement price of A$0.048 12 VALUE PROPOSITION 4DS is developing a breakthrough Interface Switching ReRAM Storage Class Memory solution Produced pivotal data applicable for Storage Class Memory - best results to date were replicated twice in 2021 HGST – eight-year strategic partnership with global leader in digital storage imec – strategic collaboration to develop megabit memory macro with the world # 1 developer Strong patent portfolio with 32 granted patents wholly owned and developed inhouse (4 have expired) World-class team of memory specialists and test engineers Board experienced in founding, building and exiting high tech companies Sufficient cash to meet 2022 objectives 4DS is addressing the massive memory demands of tomorrow 13 THANK YOU ABN 43 145 590 110 ASX Code: 4DS www.4dsmemory.com SILICON VALLEY 3155 Skyway Court Fremont CA 94539 UNITED STATES AUSTRALIA Level 2, 50 Kings Park Road West Perth WA 6005 AUSTRALIA 14