SkyWater Technology Investor Presentation — May 2024

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Q1 2024 Financial Results

May 8, 2024 Earnings Call Presentation©2024 SkyWater Technology. Proprietary.

178SkyWater Technology Forward-Looking Statements

This presentation and the accompanying oral presentation, including answers to questions, contains “forward-looking” statements within the meaning of the Private

Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past, events

and outcomes, and such statements are not guarantees of future performance. Forward-looking statements include all statements other than statements of historical fact

contained in this presentation, including information or predictions concerning the Company’s future business, results of operations, financial performance, plans and

objectives, competitive position, market trends, and potential growth and market opportunities. In some cases, you can identify forward-looking statements by words such

as “intends,” “estimates,” “predicts,” “potential,” “continues,” “anticipates,” “plans,” “expects,” “believes,” “should,” “could,” “may,” “will,” “targets,” “projects,” “seeks” or the

negative of these terms or other comparable terminology.

Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be

materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than

expected or anticipated include, but are not limited to: our goals and strategies; our future business development, financial condition and results of operations; our ability

to continue operating our fabrication facilities at full capacity; our ability to appropriately respond to changing technologies on a timely and cost-effective basis; our

customer relationships and our ability to retain and expand our customer relationships; our ability to accurately predict our future revenues for the purpose of

appropriately budgeting and adjusting our expenses; our expectations regarding dependence on our largest customers; our ability to diversify our customer base and

develop relationships in new markets; the performance and reliability of our third-party suppliers and manufacturers; our ability to procure tools, materials, and chemicals;

our ability to control costs, including our operating and capital expenses; the size and growth potential of the markets for our solutions, and our ability to serve and expand

our presence in those markets; the level of demand in our customers’ end markets; our ability to attract, train and retain key qualified personnel in a competitive labor