Arrival Results Presentation Deck
November 2022, 42 slides
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arrival or a eon results | Arrival
arrival management team today speakers cere president mike automotive founder | Arrival
disclaimer safe harbour statement before we begin i like to remind everyone that certain statements made on this call today are forward looking statements these statements are subject to various risks and uncertainties and reflect our current expectations based on our beliefs assumptions and the information currently available to us although we believe these expectations are reasonable we undertake no obligation to revise any statements to reflect changes that occur after this call descriptions of these factors and other risks that could cause actual results to differ materially from these forward looking statements are discussed in more detail in our filings with the sec and our third quarter earnings release issued today on the of during the call we also refer to certain non financial measures this should be considered in addition to and not as a substitute for or in isolation from our results for further information please refer to our investor relations at investors arrival | Arrival
we are on a mission to replace all vehicles with electric | Arrival
arrival is unique | Arrival
it is not an automotive business it is a platform technology business | Arrival
we have invested in enabling technologies components materials and that provide a strong competitive advantage | Arrival
we are doing things that have never been done before and expect our powerful technologies will change the fundamentals of the automotive industry | Arrival
these transformative technologies are coming together in our first and we like what we see | Arrival
our first bus to be used for validation has been completed which is an important milestone for the company and can share a remarkable product | Arrival
we have hosted a number of events around the world where customers were able to experience our van first hand | Arrival
the car is progressing well and its exterior is developed to the level where we are nappy to share it today | Arrival
start of production for the bus and the van are unchanged | Arrival
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to achieve our mission to replace all vehicles with electric we want to create of vehicle platforms and produce them in of | Arrival
we have revised our expectations with a more conservative view however am very confident we are well positioned for significant growth in the next several years | Arrival
we believe that the size of our business will be defined by the number of we deploy and the number of is primarily defined by the capital we have access to it could be of or and for this reason we withdraw our long term forecasts | Arrival
we have over employees who share arrivals mission and values and have a strong sense of purpose | Arrival
see flexible vehicle designs adaptable to global market source company estimates as of total orders include ups order and option for additional vehicles van volumes include large van all references to orders and are non binding and subject to cancellation and modification has a lee | Arrival
repair and maintenance partners in us and group | Arrival
sop a sop a sop a vehicle priorities bus and van | Arrival
bus van trial bus production a proving ground trials a public road trials a final prototype van build a rock hill equipment installation a equipment installation a certification and public road trials a full product certification a rock hill buses sop a vans sop a | Arrival
latest schedule start of production ion accelerate sess | Arrival
total rock hill total | Arrival
we also completed the first accelerated durability test for our van and have completed two of the certification tests for bus | Arrival
we anticipate that and other future van will have a more efficient footprint and improved processes as compared to with the method we have the opportunity to further optimize each as it deployed will be the second version of our van process and we therefore expect total there to be lower than | Arrival
the first battery module assembly facility will be in the and will support initial production at multiple to date we have already manufactured more than high voltage battery modules to support our prototype builds | Arrival
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expected expected adjusted modestly higher than | Arrival
additional investments to make our business | Arrival
investments in and tooling bringing battery assembly and logistics in house payments for battery cells additional selling general and administrative costs price increases in certain raw materials | Arrival
in rock hill and plan is to reach full capacity in early revenue is expected to start in the second half of | Arrival
dependent on the number of we can deploy and capital available to deploy them status of our vehicle programs and our planned are key indicators of our progress future volume mix to be weighted toward van | Arrival
adjusted and expected to be consistent with | Arrival
per of total per of optimize logistics costs as we scale | Arrival
working capital is expected to improve as we scale | Arrival
arrival is unique we believe our new method is superior and will change the fundamentals of the auto industry we confirmed our key milestones for the bus and van arrival is not a traditional we are developing technology platforms that allow us to create multiple products and build them in local with relatively small resources | Arrival
arrival is on a mission to replace all vehicles with electric we continue to see strong growing demand from customers all over the world the commercial vehicles market is in the beginning of an enormous and imperative transition and we believe we are coming to the market at the right time with our transformative new method of production and superior products | Arrival
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