Akoustis Technologies, Inc. · First resonators, transfer process to Foundry partner Feb ‘17 ... $8.3B MOBILE ACOUSTIC FILTER MARKET IN 2017 9 $10.5B Total Acoustic RF Filter Market

INNOVATION IN SINGLE CRYSTAL BULK ACOUSTIC WAVE TECHNOLOGY

Akoustis Technologies, Inc.

Corporate PresentationMay 2017

(version 21 May 2017)


FORWARD - LOOKING STATEMENTSStatements in this presentation that are not descriptions of historical facts are forward-looking statements that are based on management’s current expectations and assumptions and are subject to risks and uncertainties. In some cases, you can identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” “will,” “would” or the negative of these terms or other comparable terminology. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation;

• risks relating to the results of our research and development activities, including uncertainties relating to semiconductor process manufacturing;

• the early stage of our BulkONE® technology presently under development and our ability to deliver RF filter chips and modules;

• our need for substantial additional funds in order to continue our operations and the uncertainty of whether we will be able to obtain the funding we need;

• our ability to retain or hire key scientific, engineering or management personnel; our ability to protect our intellectual property rights that are valuable to our business, including patents;

• our planned acquisition of STC-MEMS, and such acquisition may not close, could disrupt our business, may not be successfully integrated, and we may not be able to operate it profitably or realize the benefits of the acquired business within expected timeframes or at all;

• our dependence on third-party manufacturers, suppliers, research organizations, testing laboratories and other potential collaborators;

• our ability to successfully market and sell our technologies;

• the size and growth of the potential markets for any of our technologies, and the rate and degree of market acceptance of any of our technologies;

• competition in our industry; and

• regulatory developments in the U.S. and foreign countries.

In light of these risks, uncertainties and assumptions, the future events and circumstances discussed in the forward-looking statements may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this presentation speak only as of the date hereof, and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements for any reason after the date of this presentation to conform these statements to actual results or to changes in our expectations.

THESE MATERIALS DO NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF ANY OFFER TO BUY, ANY SECURITIES OF AKOUSTIS, INC., OR OF ANY OTHER ENTITY WHATSOEVER. ANY SUCH OFFER MAY ONLY BE MADE BY A DEFINITIVE SUBSCRIPTION AGREEMENT ISSUED BY THE COMPANY. ANY REPRESENTATION TO THE CONTRARY BY ANY PARTY SHOULD BE IGNORED.

“Akoustis®” the Akoustis logo and “BulkONE®” are registered trademarks of Akoustis, Inc.

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M A J O R P R O G R E S S S I N C E 2 0 1 4 .

MISSION – PROGRESS

Our mission Revolutionize the RF filter for mobile wireless using patented, single crystal piezoelectric materials.

3

=Received Contract R&D award from National Science Foundation (NSF)

May '14Company founded

Dec '14National Science Foundation (NSF) Phase 1 awarded

May '15First resonators, transfer process to Foundry partner

Feb ‘17Expanded IP portfolio including Patents Plus Applications

Aug ‘16 Agreements w/ Tier 1 Chinese RFFE Module MFR

May‘15Company goes public, $5.7M PPO (OTCQB: AKTS),

Dec ‘16 Add 2nd customer PO

Apr ‘16 $3.6M PPO

Jul '14First BulkONE® patents filed

Jul ‘16 Produced world’s first single-crystal BAW RF Filters

Oct ‘16Achieve milestone resonator Q=2914

May '16First single crystal AlNresonators

Nov ‘16 First 2.5GHz, 3.7GHz single crystal filters

Feb ‘17Closed $10.7M PPO @ $5

Mar ‘17Began trading on NASDAQ exchange (NASDAQ: AKTS)3/17/17: $8.50

Mar ’17Announced Asset Purchase Agreement of STC

May ‘17First 5.8GHz BAW demo wafer from N.Y. STC Fab

May ’17Added 3rd

Customer PO

New

New


FINANCING ACTIVITIES

Activity Latest Transaction Amount (US$)

Seed JUN 2014 $0.53M

R&D Grants JAN 2017 $1.11M

PIPE 1 JUN 2015 $5.70MPIPE 2 APR 2016 $3.60M

PIPE 3 FEB 2017 $10.61M

TOTAL $21.55M

$21.5M OF INVESTMENTS AND GRANTS IN USE

STOCK - INVESTMENT

AKTSShare Price (5/19/17) $10.40

Market Cap (5/19/17) $193MIssued and Outstanding Shares 18.6M

Insider Ownership 29%

Year End June 30

Legal Counsel Womble Carlyle Sandridge & Rice LLP

Auditor Marcum LLP

4

Recent financing (PIPE4):Ø May 18, 2017: Fixed Price Financing Announced at $9/share (see 8-K filing for details)


EXECUTIVE LEADERSHIP & PARTNERS

JEFF SHEALYCEO, DIRECTOR

CINDY PAYNECFO

MARK BOOMGARDENVP OPS

DAVID AICHELEVP BUS DEV

20YRS+ Industry Exp., Financial Mgmt.,

BSBA & CPA

20YRS+ Industry Exp., Hi Tech Operations,

BSEE

22YRS+ Industry Exp., Hi Tech Sales & Mkt,

BSEE & MBA

University Partners

Commercial Partners

National Science Foundation (NSF)

5

22YRS Industry Exp., RFMD (now Qorvo) Exec.,

MBA & PhD

ROHAN HOULDENVP ENG

27YRS Industry Exp., Qorvo GM WiFi Bus.,

BSEE & MBACo-founded RF Nitro (acq.)


SEASONED BOARD MEMBERS

JERRY NEALCO-CHAIRMAN, DIRECTOR

ART GEISSCO-CHAIRMAN, DIRECTOR

STEVE DENBAARSDIRECTOR

JEFF MCMAHONDIRECTOR

Founded RFMD (now Qorvo), 35 YRS+ RF and Wireless Industry

Experience

Former VP Operations RFMD (now Qorvo), previous Alpha (now

Skyworks) Mgmt.

Co-founded Nitres, Soraa, Soraa Laser Diode; UCSB Professor;

Expert in III-N Materials

Director at North Highland, 17 YRS+ Mgmt. Consulting

Experience

6

JOHN KURTZWEILDIRECTOR

CFO roles at CREE and Wolfspeed, Financial Expert

INNOVATION IN SINGLE CRYSTAL BULK ACOUSTIC WAVE TECHNOLOGY7

qGlobal mobile traffic growing exponentiallyqRF Filter is only growing segment in RF frontend

RF FILTER LANDSCAPE

$0 B

$5 B

$10 B

$15 B

$20 B

$25 B

2015 2016 2017 2018 2019 2020 2021

Ann

ual R

even

ue (

$M)

Filter

MIPI/CMOS ControllersAntenna

Tuning

Switches

LNA

Power Amplifier

RF Filter: fastest growing segment in RFFE

Source: Mobility Experts 2016

Ann

ual R

even

ue ($

B)

0

10

20

30

40

50

2015 2016 2017 2018 2019 2020 2021

Smar

tpho

ne D

ata

(Exa

Byt

es/m

onth

)

Source: Ericsson Mobility Report, 2016

12X growth in smartphone traffic


Smartphone RF Front End (RFFE) is between the antenna and the digital baseband system.

AmpsFiltersSwitches

Resonators

Akoustis’ Focus

Resonators are the building blocks of RF filters; blocks unwanted signals in the RFFE.

RFFE

RESONATORS & FILTERS ENABLE COMMUNICATION

8

RF filter performance drives data speed, phone heat and battery life


Mobile Communications

$8.3BOther$2.2B

Industrial

Wireless Comm.Satcom

MilitaryOther

Source: Mobile Experts 2016,

Akoustis DedalusConsulting 2015

Milcom/AESA /JCREW

Wireless InfrastructureSmall Cells

Wi-Fi

2017 (Estimate)

$8.3B MOBILE ACOUSTIC FILTER MARKET IN 2017

9

$10.5B Total Acoustic RF Filter Market


q BAW segment is the fastest growing RF filter opportunity (>16% CAGR) q Wide bandwidth, higher frequency innovation enables new BAW Player

multiple suppliers

(commodity)

2 dominantsuppliers(duopoly)

$12.4B MOBILE ACOUSTIC RF FILTER MARKET IN 2021

Source: Mobile Experts 2016

10

$0

$2

$4

$6

$8

$10

$12

$14

SAW Filters (Low Band)Multiple Suppliers (Commodity)

BAW Filters (High Band)2 Dominant Suppliers (Duopoly)

AKTS’ Focus using itspatented, single-crystal

piezoelectric BAW resonator technology

2016 2021


ADVANTAGES OF AKTS SINGLE CRYSTAL BAW

Inte

nsity

(au)

Delay Time (ps)

High Sound VelocityHigh Mechanical Coupling High Thermal Conductivity

High power, wide bandwidth RF filters operating at high frequency

-3

-2.5

-2

-1.5

-1

-0.5

0

0.5

1

25

27

29

31

33

35

37

39

41

25 27 29 31 33 35 37 39 41

Loss(dB)

Outpu

tPow

er(W

atts)

InputPower(Watts)

>10W

Adm

ittan

ce (S

)


AKOUSTIS IP – BARRIERS TO ENTRYSystem

End user

HighSelectivity

Filters

Package Technology

AcousticDevices

& Manufacturing

PiezoMaterials

PlatformSubstrates

IP PORTFOLIO

q Foundational single crystal

BAW devices and RF filters

q 11 Patents , 17 Pending

PLUS 3 Applications

q Numerous trade secrets

q Key University IP from

Cornell and UCSB

“MOBILE COMMUNICATION DEVICE CONFIGURED WITH A SINGLE CRYSTAL PIEZO RESONATOR STRUCTURE”

“WAFER SCALE PACKAGING”

“INTEGRATED CIRCUIT CONFIGURED WITH TWO OR MORE SINGLE CRYSTAL ACOUSTIC RESONATOR DEVICES”

“METHOD OF MANUFACTURE FOR SINGLE CRYSTAL CAPACITOR DIELECTRIC FOR A RESONANCE CIRCUIT”

“METHOD OF MANUFACTURE FOR SINGLE CRYSTAL ACOUSTIC RESONATOR DEVICES USING MICRO-VIAS”

“RESONANCE CIRCUIT WITH A SINGLE CRYSTAL CAPACITOR DIELECTRIC MATERIAL”

“MEMBRANE SUBSTRATE STRUCTURE FOR SINGLE CRYSTAL ACOUSTIC RESONATOR DEVICE”

“SINGLE CRYSTAL ACOUSTIC RESONATOR AND BULK ACOUSTIC WAVE FILTER”

“COMMUNICATION FILTER FOR LTE”

12(+)-Includes Akoustis issued patents, Cornell patent under license (see PR 9-7-16),

and UCSB patents under agreement (see PR 9-22-15)

(+)


SINGLE CRYSTAL BAW RF FILTER DEMONSTRATORS

13

Passband Performance

Broadband Performance

Measured (solid)Simulated (dotted)

S21

(dB)

S21=-1.65dB

-3dB BW80MHz

Measured (solid)Simulated (dotted)

2.5GHz High Band 3.7GHz Ultra High Band

Measured

Measured

S21

(dB)

q Low passband lossq Excellent out-of-band Isolationq High & Ultra High Band Operation q First pass realization of 11-

element designs


BAW CAPABILITY EXPANDS TO 5.8GHz

14

Frequency (GHz)

RF F

ilter

Tec

hnol

ogy

Perf

orm

ance

Single Crystal BAW (Extends up

to 20GHz)

TC SAWSAW

Poly Crystal BAW

LB MB, HB, UHB & Beyond – WiFi, LTE, LTE A/Pro, Emerging 5 G

Deploying EmergingLegacy

0 1 2 3 4 5 6

Focus

q Technical results to be presented at IEEE IMS in June 2017

q Opportunity to dominate 5GHz WiFi& LTE-U markets

First 5.8GHz Wafer received from NY FAB

Akoustis focused on 1.5-6GHz Range

May 2017 Demo at 5.8GHz

New

Y-Parameters (measured)

Frequency (MHz)

5.8GHz Resonator

Phas

eM

agni

tude

New


TARGET MARKETS & SALES CHANNELS

AKOUSTIS BulkONE® BAW RF FILTERS

DISTRIBUTION

MOBILE PHONE WiFi WIRELESS INFRASTRUCTURE

DEFENSE / OTHER

Shirtech Ltd.(NA/EMEA/Asia) (China) (Israel)

DIRECT

including (7) Manufacturer Reps


RFFE MODULE MANUFACTURERS

16

PRIMARY TARGET MARKET: MOBILE WIRELESS

AKOUSTIS BulkONE® BAW RF FILTERS

MOBILE PHONE OEMs

TRANSCEIVER MANUFACTURERS

Reference Designs


THIRD CUSTOMER ENGAGEMENT ANNOUNCED

q Chinese RFFE Manufacturerq Multiple agreements signed q Approved supplier Asia OEMsq Strong channel established

Company transitioning from R&D to pure-play BAW RF Filter supplier

Customer #1 (Mobile 4G/LTE ) Customer #2 (Non-mobile)

q $1B+ non-mobile companyq PO to develop BAW filter >3.5GHzq Filter prototypes 2nd half CY2017q Additional filter design opportunities

Customer #3 (Non-mobile)New

q Fortune 500 companyq PO for BAW opportunity <1.5GHzq Filter prototypes 2nd half CY2017q Integrated design manufacturer (IDM)


q Definitive Asset Purchase Agreement (DAPA) announced on March 24th, 2017; Expect closing by end of Q2 CY2017

q Akoustis to acquire 150-mm MEMS wafer foundry and manufacturing tools, 122k sq. ft. building, 57-acres of land

q Acquisition price is $2.75M cash at closingq $8M in tax incentives from NY Stateq Internalize Single Crystal BAW Wafer

Manufacturingq First BAW wafers delivered to Akoustis

AKOUSTIS ANNOUNCES STC ACQUISITION

STC Facility—Canandaigua, NY

STC Wafer Manufacturing Cleanroom


AKOUSTIS PLANS EXPANSION INTO N.Y.

Design & Corporate HQManufacturing , Packaging & Design

Canandaigua, N.Y.

Huntersville, N.C.

122K Sq. Ft. STC Facility

(1)

(1)-Akoustis announced definitive asset purchase agreement for STC on March 24, 2017; transaction expected to close by end of Q2 CY2017


AKOUSTIS VERTICAL CAPABILITIESBu

lk A

cous

tic W

ave

(BAW

)

RF Filters

Module packaging

Circuit design

Process Design Kit (PDK)

Resonators

Device engineering

Modeling

Analytical design

Wafer Manufacturing

Frequency tuning

Back end process

Front side process

Single Crystal Material

Manufacturing

Characterization/Modeling

High purity growth

Piezoelectric design

Akoustis plans to consolidate its Single Crystal materials and RF filter wafer manufacturinginto STC

STC is current DoD Trusted Foundry

for MEMS

With STC , Akoustis to internally-control Design & Manufacturing of BAW RF filters

(1)



SUMMARYq Large and growing high band RF filter market; fastest growth segment

in RF Front end is acoustic wave filters

q Rapid development of patented, single crystal BAW technologyØ Numerous issued patents covering from raw materials to BAW RF FiltersØ First demonstrators: RF filters at 2.5GHz and 3.7GHz, resonators at 5.8GHz

q Strategic acquisition of STC-MEMS announced Ø Moving to internalize BAW wafer manufacturing, control IP, consolidate BAW

manufacturing and reduce product cycle-time. Ø Becoming vertically-integrated in Design and Manufacturing for BAW RF Filters

q Three customers signed: Ø Leading Chinese front-end module manufacturer - access to fast growing marketsØ Two large, non-Mobile commercial customers – Opportunities covering 1-4GHz

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(1)



9805-H Northcross Center CourtHuntersville, NC 28078www.akoustis.com

Contact CONTACT US

Bob PragDel Mar Consulting Group

Investor Relations(858) 794-9500

[email protected]

Jeff ShealyPresident & CEO

(704) [email protected]

Dave AicheleVP of Business Development


Cindy PayneChief Financial Officer


EXECUTIVE

PRODUCTS

INVESTORS

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Documents

Akoustis Technologies, Inc. · First resonators, transfer process to Foundry partner Feb ‘17 ... $8.3B MOBILE ACOUSTIC FILTER MARKET IN 2017 9 $10.5B Total Acoustic RF Filter Market