iRobot Analyst Day May 7, 2014

Forward Looking Statements

Certain statements made in this presentation that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements.

Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corporation undertakes no obligation to update or revise the information contained in this presentation, whether as a result of new information, future events or circumstances or otherwise.

This presentation contains various non-GAAP financial measures as defined by SEC Regulation G, including Adjusted EBITDA, which we define as Earnings Before Interest, Taxes, Depreciation, Amortization, merger and acquisition expenses, restructuring expenses, net intellectual property litigation expenses and non-cash stock compensation expense. The most directly comparable GAAP financial measures and a reconciliation of the differences between the GAAP financial measures and the non-GAAP financial measures are posted on the investor relations page of our web site at www.irobot.com.

For additional disclosure regarding these and other risks faced by iRobot Corporation, see the disclosure contained in our public filings with the Securities and Exchange Commission.

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Agenda 9:30 10:00 Continental Breakfast

10:00 10:05 Welcome

10:05 10:20 Colin Angle, Chairman & CEO iRobot Strategic Initiatives/ Business Unit Reviews

10:20 10:40 Paolo Pirjanian, PhD, Chief Technology Officer Technology Strategy

10:40 10:55 Glen Weinstein, Chief Legal Officer Intellectual Property

10:55 11:10 Q&A

11:10 11:20 Break

11:20 11:35 Christian Cerda, SVP & General Manager, Home Business Unit

11:35 11:45 Alison Dean, EVP & Chief Financial Officer

11:45 12:00 Q&A

12:00 12:15 AVA 500 Demonstration Youssef Saleh; Home Products Matt Lloyd

12:15 2:00 Lunch

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iRobot Strategic Initiatives Colin Angle

Chairman & CEO

The Robot Company

24 Years of Empowering People To Do More

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1. Provide meaningful solutions to important human needs.

2. Pioneer robotic technology delivering

greater ease and efficiency. 3. Be seen as a positive force for change

in the world.

The Robot Company

OUR MISSION: OUR VISION:

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Global Growth

$7 billion annual market opportunity for vacuum cleaners, globally

(2013: NPD, GfK, Euromonitor)

$14 billion annual market opportunity for global home maintenance

(2013: NPD, GfK, Euromonitor)

Top selling vacuum in Spain is a Roomba above $200

(2013: GfK and internal sales data)

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Cumulative

Ava

ilab

ility

Supply

Creation Stage

Genesis

Commoditization Stage

Scale

Explosion Stage

Brand/Offer

Product Differentiation

Mass Product

Scaling Robot Vacuuming

Roomba - beginning of the explosion stage

2014

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Defense & Security

Expanding markets and opportunities in public safety and industry International revenue more than doubled from 2012 to 2013

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Remote Presence

Navigate & Interact In Complex Real World Environments

Video Collaboration Ava 500

Telemedicine RP-VITA

Investing in long-term growth

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Unlocking the Potential

+ Stationary + Mobile + Navigating + Manipulating

Manufacturing

TeleOp Presence

Val

ue

Floor Care

Higher value More autonomous

More accessible

Cloud

Autonomous Patrol Continuous Home Maintenance Teleporting Remote Presence

Productizing Robot Capabilities

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Technology Strategy Paolo Pirjanian, PhD

EVP & Chief Technology Officer

Technology Strategy

Navigation near term focus

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Simultaneous Localization & Mapping (SLAM)

State of the art, high-end navigation today

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Visual SLAM (vSLAM)

Next Generation Navigation: Camera-based mapping yields both 3D key-points and environmental layout

Enables autonomous navigation: Uses

efficient algorithms for path planning, self-docking, way-point navigation and efficient coverage algorithms

Consumer-grade pricing: Worlds lowest cost implementation use QVGA cameras, running on an low-end video processor

Scalable solution: Can scale to 3D dense maps, large environments, outdoor areas and more

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Visual SLAM

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From 2D Maps

Connecting maps, users, and the Internet of Things

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Using Our Strengths in Navigation and Vision

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Combined with Low-cost Depth Sensors

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To Produce High Definition, 3D Maps

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IP Strategy and Patent Portfolio Glen Weinstein

EVP & Chief Legal Officer

IP Strategy

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Sword Encourage or force competitors to design products that avoid iRobots technology and brand identity

Shield Ensure freedom to operate

Openness Embrace open source and interoperability where appropriate

Enforcement Stress test patent assets while

pursuing business goals

97 164

232 250 116

180

293 308

0

100

200

300

400

500

600

2011 2012 2013 2014 YTD

U.S. Int'lIssued Patents

213

344

558

Patent Portfolio

525

iRobot ranked 5th overall by the Patent Board for having one of the strongest patent portfolios in electronics and instruments industry

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Patent Portfolio Roomba

Reliability & UX, 7

Platforms & Cleaning, 18

Other, 5 Navigation,

68

Tier 4

Tier 1

Tier 2

98 U.S. Patents Covering Roomba Technology

188 International Patents Covering Roomba Technology

Tier 3

58

29

28

61

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iRobots portfolio includes the earliest filed patents on visual SLAM (vSLAM), especially single camera SLAM.

Cases descended from these early matters are still being processed, and iRobot continues to observe the industry and tailor new sword and shield patents based on the market.

Additional patents and patent applications cover improvements and innovations through the intervening years to the present day.

We are of course adding new patents and patent applications based on the state of the art as it is developed.

Patent Portfolio SLAM Navigation

6

vSLAM

15

Features & Landmarks

6

Non-Contact ODOA

8

SIFT 1

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Median litigation costs for a moderate-sized U.S. patent infringement suit is $2.5 million; median cost for a large suit is $5.0 million

Source: AIPLA Report of the Economic Survey 2011 Cost

Depositions, document searches, etc.

Median time to trial was 2.5 years in 2012 Source: PWC 2013 Patent Litigation Study

Distraction

Overall success rates for practicing entities is 34% ; overall consumer product success rate is 35%

Source: PWC 2013 Patent Litigation Study (data from 1995-2012)

Litigation Success Rate (Strength of Case)

Can defendant add a counterclaim for infringement of its own patent?

Might defendant be able to otherwise disrupt our business? Counterclaims

Injunction? Damages/Royalties? Halo effect of strengthened portfolio? Initiation of business discussion? Force design change?

Achievable Business Goals

Patent Enforcement Considerations

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Patent Enforcement: 2013

Speed Cost

Expertise Availability of

Injunctions

Injunctions & Damages

Available in the Same Court

Influence of Decisions

No Stay of Ruling Pending Validity Determination

Cost Recovery (Loser Pays)

Source: Managing Intellectual Property (Sept. 2010)

Brought two patent enforcement actions in Germany in the second half of 2013.

Infringement of 5 patents against a reseller of Chinese goods.

Infringement of 4 patents against manufacturer of imported robots.

Received a preliminary injunction against

Chinese manufacturer in August 2013 on all four patents from court in Dusseldorf, Germany.

Additional Customs enforcement in

Germany, Netherlands & Spain.

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Q&A

Christian Cerda SVP & GM Home Business Unit

Home Business Unit

HBU Strategy

Robot Performance

Brand Strength

THE Robot Company Premium position 360 to consumer

Core performance Automation of task User experience & connectivity Quality

Brand Preference

Product Leadership

Portfolio Expansion

Supported by a winning team and effective go-to-market strategy

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77.9 82.8 117.6

154.1 180.6

151.5 195.7

239.2

273.7

326.9

229.3

278.5

356.8

427.9

507.5

$0

$100

$200

$300

$400

$500

$600

2010 2011 2012 2013 2014 Est*

$M

Domestic International

Home Business Unit Growth & Profitability

HBU Sales in millions, 22% CAGR Other Key Metrics

21%

28%

20%

19%

* 2014 expectations provided February 5, 2014

CAGR

Total 22%

Int'l 21%

Domestic 23%

2010 2011 2012 2013 2014 Est*

GM% 40% 45% 49% 49% 49%

ASP 189 207 222 231 245

Delivering continuous profitable growth

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32

HBU Product Introductions

2011 2012 2013 2014

Roomba 700 Series

Roomba 800 Series

Roomba 600 Series

Mirra 530

Scooba 450

Looj 330

Braava 300 series

Scooba 390

Mint 4200/5200

Scooba 230

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Aeroforce extractors improve cleaning by up to 50% with virtually no maintenance needed

Exceeding expectations on those selected retail outlets where launched

R880 top selling SKU in its category on Amazon NA with~ 5 star rating

#1 SKU iRobot eCommerce, since launch

Rolling out progressively at retail in NA, EMEA, Japan

Roomba 800 Launch Success

The rubber rollers on the bottom have been the biggest difference. Our old vacuum had the

bristled roller on the bottom and wouldn't even

rotate it was so tangled in hair. Now, hair isn't a

problem.

I had a Roomba many years ago when they first came out. That Roomba was a novelty. This

Roomba is a masterpiece.

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33

Scooba 450 Launch Success

New 3 cycle cleaning process removes up to 99.3% of common household bacteria

Much improved product robustness, quality and usability

Scooba available on e-commerce sites as well as being rolled-out on select retailers across NA and EMEA

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Huge Addressable Markets

Source: Vacuum Cleaners >$200 USD, 2013 retail prices (based on NPD, GfK, Euromonitor, iRobot internal data)

14% 6%

80%

EMEA - $2.5 billion

iRobot

Other Robots

12% 4%

84%

APAC - $2.2 billion

iRobot

Other Robots

14% 4%

82%

North America - $2.2 billion

iRobot

Other Robots

$7 billion annual market opportunity

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14.6% 15.7% 18.1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2012 2013

Robotic Vacuum $ as % of total $ Vacuum Market**

Robotic Vacuum Market

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013

Mill

ion

s

Robotic Vacuum $ Spent*

Source: *GfK, NPD, iRobot data 2013 **Vacuum cleaners >$200/robotic vacuum revenues

Strong growth continues in robotic vacuum cleaning market

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Robotic Vacuum Global $ Market Share

Source: 2013 NPD, GfK, iRobot internal data, Robotic Vacuum Cleaners >$200 retail prices

83%

12%

6%

North America

iRobot

Neato

Others

62% 16%

8%

2% 13%

EMEA

iRobot

Samsung

LG

Neato

Others

67%

15%

5%

4%

1% 1%

7%

APAC

iRobot

Sharp

Ecovacs

Toshiba

LG

Philips

Others

5/7/2014 37

Competitors with Steady Cadence of Launches

2011 2012 2013 2014

Samsung Navibot S

LG Home-Bot Square

Neato Signature Pro

Sharp Cocorobo V90

Roomba 700 Series

Ecovacs Deepoo 900 (not yet shipping)

Roomba 800 Series

Maintaining global market leadership position

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China Go-To-Market Strategy

Entered Chinese market in 2011; will exit 2014 with 500 POS

Only market where robotic vacuum cleaners were being sold pre-iRobot; category

familiarization

2013 revenues < $10 million; expected to grow materially in 2014

Annual robotic vacuum cleaner market in China grew 33% in 2013 to ~ $100

million*

China could become iRobots largest non-U.S. market

* GfK 2013

Controlled growth strategy in large and growing market

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Takeaways Robust product pipeline will support market-leading position in the face of

increasing global competition

Successfully integrating consumer-driven technology innovation around

cleaning efficacy and ease of use; premium branded products

Focused on profitable growth through new products, controlled retail

expansion, and prudent investment in the brand and consumer touch

points

Optimistic about capturing our slice of the growing global robotic vacuum

cleaner market

Home Robots will drive iRobot growth and profitability next couple of years

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CFO Perspective Alison Dean

EVP & Chief Financial Officer

A year of significant progress Continued Cash Generation Financial Growth

Business Momentum Recognized Technology Leader

* Midpoint of expectations provided April 22, 2014

Strong OCF; cash near record high levels

Robotics ecosystem expansion

Investment/acquisition opportunities increase

Renewed/doubled share repurchase program

Braava introduced to international markets

Successfully executed 2 major product transitions

Significant technology advancements

New RPBU platform AVA 500 B2B sales model

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The Economist Robots offer a unique insight into what people want from technology

Fast Company iRobot #1 most innovative in robotics

Bloomberg Brink Forefront of Robotics iRobots grand patriarch of robotics scene

CNN Make, create, innovate series iRobot as a pioneer in the field

$M (except EPS)2013 2014*

Revenue $487 $565

YoY Growth % 11.7% 15.9%

GM% 45.4% 45.0%

Opex % 38.7% 36.0%

Adjusted EBITDA Margin 12.8% 13.5%

EPS $0.94 $1.08

Technology Leaders - Peers No direct public peers

Why are peers important?

1. Externally informs others about iRobot Investors / Analysts Industry Classification Agencies

Employees

2. Internally informs us about Valuation Compensation Financial Targets

Peer group analysis is important; identifying peers is challenging.

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iRobots View of Relevant Peer Characteristics

Disruptive technologies

Products with high IP content / wide moat

Hardware and software solutions

Global brand

Market leader

> $250M - $3B in revenue and revenue growth rate of 10 25%

GM: 40 50%

Constantly evolving An art not a science

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A Selection of iRobot Defined Peers

5/7/2014 45

Trimble Navigation Designs and distributes positioning products and applications enabled by GPS tech

3D Systems Corp Manufactures and markets 3D printers and print materials for professionals and consumers

Garmin Portable GPS enables navigation devices for automotive, outdoor, fitness, marine, aviation markets

Polycom Video, voice and content management/sharing

Synaptics Develops human interface touch based solutions for consumer electronics (smartphones, tablets, touchscreen apps, and GPS)

AeroVironment Design and production of unmanned aircraft systems

Stratasys Designs desktop 3D printers for idea and design development

Dolby Labs Content creation and playback technologies for entertainment industry

Hologic Diagnostic, medical imaging systems and surgical products for women

FLIR Systems Designs and manufactures thermal imaging systems for variety of applications worldwide

Strategic Alignment Does the opportunity support or advance

our strategic vision?

How similar is this business to our existing businesses?

Can we leverage our current resources or technologies?

Market Attractiveness

Size of addressable market

Estimated growth of market

Profitability of market

Barriers to entry

Competitive Strength

Expertise in relevant technologies

Brand strength in addressable market

Familiarity with customer / channels

Manufacturing / Operational efficiencies?

Investment Timing

Is the opportunity near or long term?

Significant one-time investment or multiple years of sustained investments?

Timing of cash outflows and inflows

Invest to pursue defined strategy

Investment Framework

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Cloud

Products 75-80%

Roomba

Braava

AVA 500 ?

Technologies 20-25%

Core Emerging Future Navigation Manipulation

Internal R&D Prioritization Framework

RP-VITA PackBot

FirstLook

Scooba

Other

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iRobot R&D

Focused investment

Q1 exceeded expectations; Reaffirmed 2014 expectations

2014 Results and Expectations

* Expectations provided April 22, 2014

5/7/2014 48

$M (except EPS) Q1-14 Q2-14* FY 2014*

Revenue 114 138 - 145 560 - 570

YoY Growth % 8% 6% - 11% 15% - 17%

EPS 0.18 0.15 - 0.25 1.00 - 1.15

Adjusted EBITDA 14 13 - 17 74 - 78

487

565

12.8%13.5%

FY'13 FY'14* FY'15 FY'16

Revenue Revenue CAGR (Mid-High Teens) Adjusted EBITDA Margin (%) (High Teens)

2014 expectations: Strong next step in progressing toward targets

Financial Targets - 2016

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$M

* Expectations provided April 22, 2014

Strong financial performance revenue growth and profitability

Home Robots key driver

Strong balance sheet allows for acquisitions and stock repurchase

Focused investment drive strategy

Tracking well to long term (2016) targets.

Takeaways

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Q&A

Thank You