Joby Aviation, Inc. · NYSE:JOBY
Joby Aviation — Corporate Update (June 2023)
31 slides from Joby Aviation's corporate update, Jun 28, 2023
Slide 1: June 28, 2023
<7 JUNE 28, 2023
Slide 2: Forward-looking statements
Forward-looking statements 1 This presentation contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements regarding the development and performance of our aircraft; the gro
Slide 3: Introducing Joby's production prototype aircraft
Introducing Joby’s production prototype aircraft 2
Slide 4: Production Prototype
Built on our pilot production line, this aircraft was built according to released engineering drawings under the Joby quality management system — a major step on our journey to scaled production. Production Prototype 3
Slide 5: Joby aircraft evolution
Joby aircraft evolution Full-scale demonstrator Pre-production prototype Production prototype Subscale demonstrator FAA-certified aircraft 2017 2019 20232014 Joby’s production prototype builds on six years of flying full scale aircraft and marks an important step towards certification and production
Slide 6: Lightest and quietest
Lightest and quietest We believe the Joby aircraft will be the lightest and quietest four passenger eVTOL in the world. 5
Slide 7: Ready to fly
Ready to fly The first aircraft off our production line has been granted a Special Airworthiness Certificate by the FAA, allowing us to begin flight testing soon. 6
Slide 8: Customer-ready
This aircraft is expected to be the first eVTOL aircraft delivered to a customer when it moves to Edwards Air Force Base in 2024. Customer-ready 7
Slide 9: Joby + Toyota collaboration
Joby + Toyota collaboration 8
Slide 10: Long-standing partnership
Close collaboration between Joby and long-time partner and investor Toyota supported the development of Joby’s aircraft production line. Toyota has invested ~$400M in Joby since 2019. Long-standing partnership 9
Slide 11: Toyota North America CEO to join Joby Board
Toyota North America CEO to join Joby Board With nearly 40 years of experience at Toyota, Tetsuo “Ted” Ogawa will join the Joby Board of Directors on July 1, 2023. 10
Slide 12: Defining the air taxi product
Defining the air taxi product 11
Slide 13: Multimodal rideshare
Multimodal rideshare JFK airport, New York 1. Request a trip 2. Rideshare to skyport 3. Fly to airport 4. Go to gate Joby is designing an air taxi service to complement existing travel options, providing time savings and integrating with demand-side partners like Uber and Delta. 12
Slide 14: Trips per day in New York City and Los Angeles
29 million Trips per day, New York City 99.4% Trips <50 miles 31 million Trips per day, Los Angeles County 99.1% Trips <50 miles In NY and LA, as in many other urban locations, more than 99% of all journies are less than 50 miles but hampered by ground traffic congestion. 13
Slide 15: Skyport network
Tools developed by our Uber Elevate team (acquired by Joby in 2020) identify demand and help Joby design efficient ridesharing networks and the right aircraft for the market. Skyport network 14
Slide 16: Latent demand
Latent demand By enabling clean, quiet, fast air travel, Joby also has the potential to unlock significant latent demand for longer trips. 15
Slide 17: Four key areas for the right aircraft
Delivering the right aircraft for the market required us to focus on four key areas. 16
Slide 18: Delivering the right aircraft for the market
Delivering the right aircraft for the market 17
Slide 19: Payload, range, speed and sound
Payload 1000 lbs — 4 passengers, 1 pilot Range Trips up to 100 miles Speed Up to 200 mph Sound ~45 dBA in cruise With a maximum takeoff weight of approximately 5,300 lbs, we believe the Joby aircraft is the right aircraft for the market, delivering on all key attributes. 18
Slide 20: Delivering performance through innovation
Delivering performance through innovation 19
Slide 21: Dual-wound motors and isolated battery packs
Dual-wound motors Isolated battery packs Electric propulsion enables multiple levels of redundancy and no single points of failure. 20
Slide 22: Peak power
236 kW Peak power 28 kg Dual-wound motor plus inverter The Joby aircraft delivers nearly twice the power of a Tesla Model S Plaid, despite being lighter. 21
Slide 23: Peak and continuous torque
1800 N m Peak torque 1380 N m Continuous torque The aircraft delivers as much torque as the engine in a Ford F-350 Heavy Duty truck, enabling us to generate thrust at low speed, contributing to our revolutionary low noise profile. 22
Slide 24: Finding the right propulsion method
Finding the right propulsion method In 2016, we developed and tested a seven-gear gearbox to deliver the required torque, but the multiple gears, bearings, and teeth all required tracking, inspecting, lubricating and replacing. We needed something simpler… 23
Slide 25: Joby Direct Drive motor architecture
…so, we designed the Joby Direct Drive motor architecture. It delivers all the power and torque we need, without any gears. 24
Slide 26: Battery cell key metrics
High specific power High specific energy Rapid charging Long cycle life We’ve tested hundreds of battery cells at our in- house lab to find one which could deliver on all four key metrics. 25
Slide 27: Pouch cells from the automotive supply chain
We chose to source pouch cells from the automotive supply chain that deliver on all key metrics. 26 288 Wh/kg Cell-level specific energy 10,000+ Flight cycles
Slide 28: Pack-level specific energy
235 Wh/kg Pack-level specific energy We assembled these cells into packs that meet the FAA’s safety requirements and deliver industry-leading performance. 27
Slide 29: Rapid charging
Rapid charging We expect to be able to recharge the aircraft in the time it takes to deplane and load passengers on more than 95% of trips taken today in our target markets. 28
Slide 30: Looking ahead
Upgrades in battery and other technologies will enable further expansion of networks. Looking ahead 29 TODAY’S BATTERIES
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