XPERI Q2 2021 INVESTOR DECKAugust 3, 2021

Safe HarborThis document contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Xperi Holding Corporation’s (the “Company”) current expectations, estimates and projections about the Company’s financial results, forecasts, and business outlook, growth expectations of the Company’s businesses, projected benefits of the Company’s products and services, the achievement of the Company’s IP revenue baseline and growth opportunities, the projected growth of the end markets applicable to the Company’s intellectual property, products and services, and the Company’s capital allocation framework. In this context, forward-looking statements often address expected future business, financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: challenges in integration of Xperi and TiVo operations after the merger, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenue, cost savings, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business strategies, and expansion and growth of the Company’s businesses; failure to realize the anticipated benefits of the recent merger with TiVo; the Company’s ability to implement its business strategy; pricing trends, including the Company’s ability to achieve economies of scale; the ability of the Company to retain and hire key personnel; potential adverse reactions or changes to business relationships resulting from the merger with TiVo; uncertainty as to the long-term value of the Company’s common stock; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; failure to remediate the material weaknesses in the Company’s internal control over financial reporting; the evolving legal, regulatory and tax regimes under which the Company operates; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, and natural disasters; the extent to which the COVID-19 pandemic continues to have an adverse impact on the Company’s business, results of operations, and financial condition will depend on future developments, including measures taken in response to the pandemic, which are highly uncertain and cannot be predicted; the impact of semiconductor supply chain constraints on the Company's customers; and the timing and plans regarding a potential separation of the combined business. These risks, as well as other risks associated with the business, are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K. While the list of factors presented here is, and the list of factors presented in the Company’s filings with the SEC are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

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ProductProduct business that delivers end-to-end entertainment in the home and on-the-go

One Company, Two Businesses

A Leader in Consumer & Entertainment Technology and IP Licensing

IP LicensingLeading IP Licensing business with improved visibility, customer diversification and scale

Offers TV and car manufacturers additional ways to monetize consumption

Seamless end-to-end entertainment experience from choice to consumption

Enhances automotive in-cabin entertainment experience and safety

11,000+ patents and applications

Semiconductor portfolio covering fundamental packaging and processing technology

Media portfolio covering fundamental aspects of the video experience across all platforms

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Delivering Smarter Technology, Extraordinary Experiences

Headquartered in San Jose, CA

1,800 employees worldwide

Listed on Nasdaq XPER

11,000+ patents and applications

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Product MarketsConsumer ExperienceConnected CarPay-TV

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Consumer Experience

• Audience Viewership Data• Advertising• AVOD, vMVPD, SVOD, TiVo+• Content ID, Search & Discovery

Monetize• DTS Audio Solutions• Imaging• IMAX Enhanced

EnjoyFind/Watch• TiVo Stream• TiVo DVR

Understand• Intelligence on

the Edge

Products Markets Brands

Connected Car

• Digital Radio • Connected Media• Infotainment Monetization

Find/Watch/Listen/Enjoy

Pay-TV

• Classic Guides• TiVo UX• IPTV

Find/Watch/Enjoy

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Sense• Driver Monitoring • Occupancy Monitoring

Products Path to Drive Long-Term Growth

Drive platform conversions to help operators offset churn

• New UX design wins• IPTV conversions• Expanded offerings through

MobiTV managed service

Pay-TV

Growth through connected media and in-car safety

• Deliver fully immersive Connected Media Platform

• Deliver Occupancy and Driver Monitoring Solutions

Connected Car

Growth through enhanced entertainment experiences

• Drive TiVo Stream footprint • Monetization of media

consumption & engagement• IMAX Enhanced growth• Perceive platform growth

Consumer Experience

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Consumer Experience and Pay-TV SolutionsTiVo Solutions and Services for Pay-TVFully-integrated cloud-based solution that powers the TiVo Service client software that operates on STBs in consumer homes, as well as IPTV applications that operate on iOS and Android platforms, that power tablets, smartphones and mobile streaming devices

PerceivePerceive’s Ergo chip and associated software delivers datacenter class accuracy and performance at ultra-low power, performing tasks such as face recognition, audio and video event detection

TiVo StreamA consumer streaming platform that delivers a differentiated experience with universal discovery and personalized recommendations, seamless integration of linear, live and streaming programming for Smart TVs and streamers including the Stream 4K device

DTS:X Ultra™Designed for gaming and XR experiences

DTS-HD® Master Audio Advanced surround sound decoder

DTS Play-Fi®A smart audio platform for wireless streaming of music

DTS Electronic Image StabilizationEliminates effect of hand jitter and flight navigation vibration (drones, activity cameras)

IMAX Enhanced Delivers the IMAX cinema experience in the home coupled with DTS:X audio technology

DTS:X®

Flagship object- based audio decoder

DTS Clear VoiceAdvanced audio input processing technology for live game play

DTS Headphone:X®

Includes integrated surround sound technology and DTS decoder

Pay-TV Consumer Experience8

Transform home entertainment discovery and presentation through integrated, intelligent user experience, audio, imaging, and wireless solutions. Expanded channel, and larger TAMs with opportunities for ad monetization

Existing OEM Relationships with ICs and all top 10 TV brands

Consumer Experience Find, Watch, Enjoy

Monetize TiVo Stream media consumption & engagement for TV OEMs and Content Providers

Integrated solutions for TV OEMs

30M Households

100M+ TVs

Disruptive Platform for Monetization

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TiVo Stream Roadmap to Revenue Growth

Engagement

Footprint Conversion

TiVo Stream 4KPhase 1

Footprint +EngagementMonetization

TiVo Stream as a Smart TV OS platform

Phase 2

$$$$$

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Launched 2020 2023-2024

Personalized Content Discovery & Entertainment Metadata

IPTV Solutions

Content & TiVo+

Data & Advertising

Pay-TV Platform for Service ProvidersSupport the long tail of Pay-TV and reduce churn by developing next-gen UX and IPTV solutions that help attract, retain and engage subscribers

Delivering joy with easy access to live TV, video on demand and streaming in one

amazing experience

Less searching, more watching and deeper engagement through personalization, voice

capabilities and imagery

New revenue streams through advertising, and optimization with audience analytics

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Connected Car Solutions

DTS AutoSenseIn-cabin monitoring solutions that use advanced computer vision and machine learning to enable vehicles to sense the presence of drivers, occupants and objects in the car

DTS AudioAudio solutions that deliver enhanced audio in the car

DTS AutoStageNext-gen infotainment platform comprised of the only global hybrid radio solution delivering premium content (lyrics, events, related streams, podcasts), combined with music metadata, personalized content discovery and experience

HD RadioHD Radio is the only digital terrestrial broadcast system approved by the Federal Communications Commission (FCC) for AM/FM radio in the United States

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Connected Car Platform for Entertainment & Safety

Connected MediaDTS AutoStage now shipping in Mercedes cars

Partnershipswith all major Tier 1s, Broadcasters and 41 auto brands sold in North America

InfotainmentLeaderLeading global digital radio database and 70M rich music assets

In-cabin Monitoring DTS AutoSense shipping in select BMW cars late summer

Revolutionizing the in-cabin automotive experience through highly personalized, connected infotainment (information, safety, entertainment) solutions for the global automotive market

Building an ecosystem that delivers an in-car entertainment experience to consumers, and recurring revenue opportunities for Xperi, car manufacturers, and content owners

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Connected Car Roadmap to Revenue Growth

Near-termExpand DTS AutoStage to include metadata

Continue expansion of HD Radio

Mid-termAdd personalization capabilities and advertising in connected audio platform, expand globally

Long-termAdd video and additional services to create connected media platform, expand platform reach

Consumers get instant access in the dash to desired entertainment choice Streaming music, podcasts and radio

Phase Phase Phase2nd1st 3rd

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IP Licensing MediaSemiconductor

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Media and Semiconductor IP Licensing PlatformLong History of Developing Relevant IP, Meeting the Evolving Needs of Customers and End Markets

Media

SemiconductorGenerated in IP Revenue over last 20 years$8B

Chip Scale Package (CSP) Wafer Level-CSP Package-on-Package (PoP)

2000 2005 2010 2015 2020Early Tech

3D IC2.5D Integration

Over the Top Cloud/AppsMulti-ScreenVideo on DemandDigital Cable

Digital Video Recorder

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• Push beyond Moore’s Law with 3D integration technology in Image Sensors, RF, NAND, DRAM and Logic devices

FocusAreas

Growth Opportunities

IP Extend Large and Profitable Platform

• Increase penetration in OTT video platforms

• License remaining Canadian Pay-TV operators

Media

Long-term Cash Flow Generation

IP Licensing

Semiconductor

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New or renewed agreements with the leading U.S. Pay-TVproviders during this period

Long-term agreements with the largest U.S. Pay-TVproviders, Comcast extends into 2031

Consistent Baseline of Significant Media RevenueIncreased Media Revenue to ~$350M1 Annually

1 Reflects estimated baseline revenue in 2021 and beyond.2 Excludes any revenue from legacy TiVo TimeWarp licensing program that ended in 2018.3 Excludes any revenue relating to the Comcast license entered into in Q4 2020.

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Revenue Ranges from $275M - $318M2

~$300M Average Annual Revenue

~$350M1

2021+

Agreements with leading OTT providers that underscore our relevance in that growing market

2011 2012 2013 2014 2015 2016 2017 2018 2019 20203

IP Platform + Growth Opportunities

OTT Canadian Pay-TVSemiconductor

Baseline Media Revenue with largest U.S. Pay-TVproviders licensed

Growth Opportunities

Expanding Patent Licensing Platform

~$350M Annual Revenue Base

Large growing addressable market in OTT

Significant industry trend toward use of hybrid bonding for memory and logic chips

Remaining unlicensed Canadian Pay-TVoperators

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Financial Summary$

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Q2 2021 Financial Highlights

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• Revenue of $222.3M

• GAAP loss per share of $(0.01) and non-GAAP earnings per share of $0.61

• Cash Flow from Operations of $56.3M

• Adjusted Free Cash Flow1 of $56.7M

• Paid down $50.6M in debt and repriced remaining debt to lower future interest expense

• Bought back $10M of common stock

1 Adjusted Free Cash Flow is defined as Operating Cash Flow, less purchases of property and equipment, plus merger and integration, separation, and severance and retention costs.

FY 2021 Outlook

$860M to $900M $860M to $900M

$115M to $125M $115M to $125M

$760M to $790M $475M to $505M

~$39M ~$39M

~ $4M ~ $4M

$35M to $38M $35M to $38M

105M 105M

107M 112M

$180M to $220M $180M to $220M

N/A $185M to $225M

Revenue

COGS

Operating Expenses*

Interest Expense (UPDATED)

Other Income

Cash Tax (net of refunds)

Basic Shares Outstanding

Diluted Shares Outstanding

Operating Cash Flow

Adjusted Free Cash Flow*

Category GAAP Outlook Non-GAAP Outlook

22*See tables for reconciliation of GAAP to non-GAAP differences.

Balanced Capital Allocation FrameworkShare Repurchases:

• $10M repurchased in Q2 2021• $105M repurchased since closing of the merger

Dividend: • $5.3M paid in Q2 2021• Board of Directors approved $0.05 per share, payable September 14, 2021

Debt Paydown:• Paid down $50.6M in Q2 2021; $240M paid down since closing of the merger• Debt balance of $810M as of June 30, 2021; $611M net debt

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Focus on returning ~50% of FCF through buybacks and dividends

Appendix

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In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP), this presentation contains non-GAAP financial measures adjusted for either one-time or ongoing non-cash acquired intangibles amortization charges; costs related to actual or planned business combinations including transaction fees, integration costs, severance, facility closures, and retention bonuses; separation costs; all forms of stock-based compensation; loss on debt extinguishment; expensed debt refinancing costs; realized and unrealized gains or losses on marketable equity securities and associated tax effects. Management believes that the non-GAAP measures used in this release provide investors with important perspectives into the Company’s ongoing business and financial performance and provide a better understanding of our core operating result reflecting our normal business operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Our use of non-GAAP financial measures has certain limitations in that the non-GAAP financial measures we use may not be directly comparable to those reported by other companies. For example, the terms used in this presentation, such as non-GAAP Operating Expenses, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. We seek to compensate for the limitation of the Company’s non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable U.S. GAAP measures in the following tables. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures. All financial data is presented on a GAAP basis except where the Company indicates its presentation is on a non-GAAP basis.

Non-GAAP Financial Measures

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GAAP to Non-GAAP Net Income Reconciliation

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Net income attributable to the Company:Three Months Ended

GAAP net loss attributable to the Company (1,118)$

Adjustments to GAAP net loss attributable to the Company:Stock-based compensation expense: Cost of revenue 529 Research, development and other 4,809 Selling, general and administrative 9,497 Amortization expense 52,242 Merger and integration-related costs:

Transaction and other related costs recorded in selling, general and administrative 1,190 Severance and retention recorded in cost of licensing, services and software revenue, excluding depreciation and amortization of intangible assets 131 Severance and retention recorded in research, development and other 771 Severance and retention recorded in selling, general and administrative 914

Separation costs recorded in selling, general and administrative 1,900 Gain from lease restructuring recorded in selling, general and administrative (156) Loss on debt extinguishment 8,012 Expensed debt refinancing costs 2,590 Cash taxes paid in excess of tax benefit recorded (11,864) Non-GAAP net income attributable to the Company 69,447$

XPERI HOLDING CORPORATIONRECONCILIATIONS FROM GAAP NET LOSS TO NON-GAAP NET INCOME

(in thousands, except per share amounts)(unaudited)

June 30, 2021

GAAP to Non-GAAP EPS Reconciliation

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Diluted earnings per share attributable to the Company:Three Months Ended

June 30, 2021

GAAP diluted loss per share attributable to the Company (0.01)$

Adjustments to GAAP diluted loss per share attributable to the Company:Stock-based compensation expense 0.13 Amortization expense 0.46 Merger and integration-related costs 0.03 Separation costs 0.02 Gain from lease restructuring (0.00) Loss on debt extinguishment 0.07 Expensed debt refinancing costs 0.02 Cash taxes paid in excess of tax benefit recorded (0.11) Non-GAAP diluted earnings per share attributable to the Company 0.61$

Weighted average number of shares used in per sharecalculations excluding the effects of stock-based compensation - diluted 113,722

XPERI HOLDING CORPORATIONRECONCILIATIONS FROM GAAP EPS TO NON-GAAP EPS

(in thousands, except per share amounts)(unaudited)

Adjusted Free Cash Flow Reconciliation

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Cash flow from operations 56,250$

Adjustments to cash flow from operations:Purchases of property & equipment (3,086) Merger and integration costs 1,190 Separation-related costs 1,900 Severance costs 486 Adjusted free cash flow 56,740$

June 30, 2021

XPERI HOLDING CORPORATION RECONCILIATION FROM OPERATING CASH FLOW TO ADJUSTED FREE CASH FLOW

(in thousands)(unaudited)

Three Months Ended

GAAP to Non-GAAP OpEx Outlook Reconciliation

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Low High

GAAP operating expense excluding COGS 760.0$ 790.0$ Stock-based compensation -- R&D (21.0) (21.0) Stock-based compensation -- SG&A (33.0) (33.0) Merger, integration and separation-related expense -- R&D (4.0) (4.0) Merger, integration and separation-related expense -- SG&A (23.0) (23.0) Amortization expense (204.0) (204.0)

Total of non-GAAP adjustments (285.0) (285.0) Non-GAAP operating expense excluding COGS 475.0$ 505.0$

December 31, 2021

XPERI HOLDING CORPORATIONRECONCILIATION FOR GUIDANCE ON

GAAP TO NON-GAAP OPERATING EXPENSE EXCLUDING COGS(in millions)(unaudited)

Twelve Months Ended

Adjusted Free Cash Flow Outlook Reconciliation

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Low High

Cash flow from operations 180.0$ 220.0$

Adjustments to cash flow from operations:Purchases of property & equipment (25.0) (25.0) Merger, integration and separation costs (1) 30.0 30.0 Adjusted free cash flow 185.0$ 225.0$

(1) Includes severance costs and retention payments.

Twelve Months EndedDecember 31, 2021

XPERI HOLDING CORPORATIONRECONCILIATION FOR GUIDANCE ON

OPERATING CASH FLOW TO ADJUSTED FREE CASH FLOW (in millions)(unaudited)