Mellanox Technologies, Ltd. Corporate Overview

CONFIDENTIAL

Mellanox Technologies, Ltd.Corporate OverviewQ1, 2007

2 Mellanox Confidential

About Mellanox Technologies

Fabless semiconductor supplier founded in 1999 • Business HQ in California • Research & Development and Operations HQ in Israel • Global sales offices and support

Leading high-performance connectivity products for servers, storage and embedded systems

$117M raised in IPO - February 2007• NASDAQ: MLNX• Profitable since 2005

Shipped 1.7M+ 10 & 20Gb/s ports as of December 2006 IBTA and OpenFabrics Industry Leadership


Interconnect: A Competitive Advantage

Enterprise Data CentersEnterprise Data Centers

High-Performance ComputingHigh-Performance Computing

EmbeddedEmbedded

End-Users

Clustered Database Customer Relationship Management eCommerce and Retail Financial Web Services

Biosciences and Geosciences Computer Automated Engineering Digital Content Creation Electronic Design Automation Government and Defense

Communications Computing and Storage Aggregation Industrial Medical Military

InfiniBand and Ethernet

ServersAnd Blades

Embedded

Switches

Storage


Enterprise Data CentersEnterprise Data Centers

EmbeddedEmbedded

Leading Customers / Growing MarketsSoftware PartnersHardware OEMs

Embedded

Servers

Storage

COMPUTERS

Switches

End-Users

High-Performance ComputingHigh-Performance Computing


Comprehensive Solutions

Adapter ICs Adapter Cards Switch ICs Reference

Designs Software End-to-End

ValidationBlade/Rack

ServersStorageSwitch

SWITCHADAPTER ADAPTER


Product Roadmap

2000 2003 2004 2005 2006 20072001 2002

40Gb/s Total

160Gb/s Total

40Gb/s Total

480, 960Gb/s Total

40, 80Gb/s Total

20, 40Gb/s Total

1st Gen.

2nd Generation

3rd Generation

4th Generation

Adapter

Adapter

Adapter

Adapter + Switch

Switch

Switch

Gen2Adapter

Two 10/20/40 Gb/s IB or Two 1/10Gb/s Ethernet


Powerful Trends Drive Large Markets

Clustering and Blades

ConsolidationMulti-Core CPUs

Virtualization Low-Latency


Addressing Large and Growing Markets

Source: and

17.0M ports

2006

Storage2.6M

Storage4.7M

Servers11.8M

Servers7.7M

10.6M ports

2010

Overall: 13% CAGR

Servers: 11% CAGR

Storage: 16% CAGR

Embedded: 14% CAGR

Embedded0.5M

Embedded0.3M


InfiniBand Leadership

Industry-Standard• Established software ecosystem• Wide range of system solutions

Price / Performance / Power• 20Gb/s node-to-node (40Gb/s in 2008)• 60Gb/s switch-to-switch (120Gb/s in 2008)• → 1us application latency• Lowest power per Gb/s bandwidth

Reliable• HW reliability and congestion management

Efficient• RDMA and Transport Offload• CPU focuses on application processing

Scalable• Tens-of-thousands of nodes

Service Oriented I/O• Security and Quality-of-Service• Virtualization• I/O consolidation including storage• HW protection and isolation

Switch-to

-Switch

Node-to-Node

8Gb/s FC10Gb/s Ethernet

2004 2005 2006 2007 2008

3040

120110100

9080706050

1020

Gigabits per secondPerformance Roadmap

60Gb/s

20Gb/s


InfiniBand Leads Price/Performance

AdapterPrice

SwitchPrice/Port

Total Price

Price per Gb/s

20Gb/s InfiniBandDual port

$690 $369 $1,059 $66

10 Gigabit EthernetSingle port

$945 $598 $1,543 $154

4Gb Fibre ChannelSingle port

$820 $590 $1,410 $352

Gigabit EthernetSingle port

$100 $120 $220 $220

All prices are fixed format, stand-alone productsAll prices from CDW, March 07, except:10GigE switch price from announced OEM product at 30% discount4Gb Fibre Channel Switch price from Tolly reportAdditional information available upon request

*All prices are end-user, single unit prices InfiniBand Dual-port adapters include high availability option at no extra cost !


Data Center Resource Optimization

IB delivers 2.5X Price/Performance Advantage• 35% Price advantage vs. GigE• 62% Performance Improvement vs. GigE• World Record TPC-H benchmark with IB storage

IB advantages for virtualization• Reduce I/O Infrastructure cost 60% vs. GigE and FC• Reduce I/O Infrastructure power 27% vs. GigE and FC

IB used to connect mission-critical global risk management systems• 15% to 70% increased hardware utilization• Reduced TCO by $10M/year

Source:

May, 2006

Source:

Source:


Mellanox Superior Application Performance

Market Segment Application Performance Advantage

Automotive LSTC LS-DYNA

26% better than QLogic85% better than Myrinet115% better than GigE

ESI PAM-CRASH 300% better than GigE

Oil and Gas Schlumberger Eclipse 55% better than Myrinet

Fluid DynamicsFluent

145%-1400% better than GigE15% better than QLogic

Exa PowerFLOW 24% better than Myrinet

CD-adapco STAR CD 29% better than Myrinet

Digital Media Autodesk 470% better than GigE

Financial Wombat 120% better than GigE

Database Oracle 62% better than GigE

** Partial List** Platforms may vary, contact Mellanox for details


88 135 293529

1,130

2,305

3,528

2000 2001 2002 2003 2004 2005 2006

140 162 220 267409

732

1,021

2000 2001 2002 2003 2004 2005 2006

Escalating Computing Needs

Computing market growth and increasing number of ports Diverse set of applications

• Research, HPC, financial, semiconductor, retail, utility computing First Petaflop cluster expected in 2007-2008

Total # of CPUs in the Top500 (000s)

Total Performance of the Top500(TFlops)

2000-2006 CAGR = 40%

2000-2006 CAGR = 85%

Source:


(16%)

InfiniBand Momentum / Ethernet Ubiquity

Trends from Top500 propagate to enterprise markets

InfiniBand is the only growing high speed interconnect

Majority of the largest supercomputers utilize InfiniBand

InfiniBand is the leading interconnect in the top 250 supercomputers

Source:

18

102

30

89

40

80 82

212 142

249 256 215

GigE Myrinet InfiniBand6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06

Number of Clusters in Top500

Number of Clusters in Top250

(10%)

105%

(48%)106

40

13

109

41

15

97

3826

50

29

70

GigE Myrinet InfiniBand6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06 6/05 11/05 6/06 11/06

(24%) 169%


Reliable

Power

Price

ConnectivityRequirements

Scalable

Efficient

Performance

Industry Standard

Convergence on InfiniBand and Ethernet

InfiniBandEthernet

Reliable

Power

Price

Fibre ChannelProprietary

ConnectivityRequirements

Scalable

Efficient

Performance

Industry Standard


InfiniBand and Ethernet ExpansionCurrent Architecture iSCSI Storage

Ethernet Switch

Fibre Channel Switch

Ethernet

InfiniBand

Fibre Channel Storage

InfiniBand Switch

InfiniBand Storage

iSCSI StorageConverged Architecture with ConnectX – I/O Consolidation

InfiniBand Storage

InfiniBand orEthernet

Low Cost Bridge

InfiniBand orEthernet

Fibre Channel

Fibre Channel Storage


The Management Team

Name Title Experience

Eyal Waldman CEO, President & Chairman of the Board

Michael Gray CFO

Roni Ashuri VP Engineering

Shai Cohen VP Operations & Engineering

Michael Kagan VP Architecture

Thad Omura VP Product Marketing

Dave Sheffler VP Worldwide Sales

ASK Computer Systems


Strong Revenue Growth

Historical Annual Revenues ($M)

$48.5

$42.1

$20.3

$10.2

$4.0$1.7

2001 2002 2003 2004 2005 2006


Mellanox Differentiators

Expert Design• Advanced architecture and proven mixed-signal technology

Solid Execution and Product Quality• Silicon, Software, and Systems• Proven high-volume manufacturing capabilities

Well Established Relationships• Leading Server, Storage, Communications Infrastructure

Equipment and Embedded System OEM customers• ISV Partners and 3rd Party Hardware Vendors• Direct interface to end-user customers

Experienced Team• Technical, Business and Management


Summary

Leader in silicon-based, high-performance connectivity solutions

Market-wide adoption of InfiniBand • Servers/blades, storage and switch systems• Data Centers, High-Performance Computing, Embedded• Performance, Price, Power, Reliable, Efficient, Scalable

4th Generation adapter extends connectivity to InfiniBand and Ethernet• Market leading performance, capabilities and flexibility

Driving key trends in the market• Clustering/blades, low-latency, I/O consolidation, multi-core

CPUs and virtualization


Thank You

21

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Mellanox Technologies, Ltd. Corporate Overview