Slide 1: Fourth Quarter and Full Year 2023 Results
Fourth Quarter and Full Year 2023 Results © 2024 Aeva, Inc.
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identi ed by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “stra
Slide 3: Agenda
Agenda Full Year 2023 Highlights Business Update 2024 Objectives Full Year 2023 Financial Results © 2024 Aeva, Inc. 3
Slide 4: 2023 Highlights and Achievements
2023 Highlights and Achievements Daimler Truck Multiple Other Unveiled Atlas Strong Financial Production Program Win Production Awards Next-gen 4D LiDAR Position to Execute • Awarded production program • Signed production agreement • World’s rst 4D LiDAR for • $346M of cash and facility2 as direct T
Slide 5: Business Update
Business Update © 2024 Aeva, Inc. 5
Slide 6: Major Production Program Win with Daimler Truck
Major Production Program Win with Aeva Daimler Truck $1 Billion 4D LiDAR Production Forward Looking + Program for Order Book1 Highway Perception Autonomy Software Aeva SOP 2026 © 2024 Aeva, Inc. 6
Slide 7: Daimler Truck customer quote on selecting Aeva
“As a global leader in commercial vehicles, Daimler Truck is committed and well positioned to bringing autonomous trucks to the market by 2027. Selecting the right LiDAR is a crucial strategic decision for a safe and successful deployment. We selected Aeva as our production LiDAR partner because we
Slide 8: Daimler Truck is the Market Leader
Daimler Truck is the Market Leader Top Global Commercial Truck OEM Positioned to Scale Autonomy L2 Driver 500k+ Annual Vehicle Production Assistance Deploying Since 2019 Highway In Partnership with Torc #1 In U.S. Trucking Market Autonomy Series Production for 2027 SOP Highway Autonomy 60% Share of
Slide 9: Leading the Growing Adoption of FMCW
Leading the Growing Adoption of FMCW Growing momentum in automotive following production win with Daimler Truck In multiple passenger vehicle RFQs including a new global top-10 passenger OEM Anticipate award decisions in the next 6-9 months Majority Share in Trucking Expect Similar Trend in Passenge
Slide 10: Aeva Atlas
Aeva Atlas World’s rst 4D LiDAR for mass production automotive applications A E VA AT L A S 4 D L I D A R INSTANT VELOCITY IMMUNE TO NO BLOOMING ULTRA LONG RANGE MULTIPLE FOVS DETECTION INTERFERENCE OR GHOSTING A E VA C O R E V I S I O N LIDAR-ON-CHIP MODULE AUTOMOTIVE NEW COREVISION NEW X1 SOC 70%
Slide 11: Atlas Point Cloud and Integration
AT L A S P O I N T C LO U D G R I L L E I N T E G R AT I O N W I N D S H I E L D I N T E G R AT I O N C O M M E R C I A L V E H I C L E I N T E G R AT I O N © 2024 Aeva, Inc. 11
Slide 12: 2024 Objectives
2024 Objectives © 2024 Aeva, Inc. 12
Slide 13: 2024 Objectives
2024 Objectives Two Additional Complete Atlas Finalize Supply Chain Maintain Strong Production Quali cation for and Manufacturing Financial Position and Program Wins 2025 Deployments Line for First SOP Spend Similar to 2023 © 2024 Aeva, Inc. 13 fi
Slide 14: Full Year 2023 Financial Results
Full Year 2023 Financial Results © 2024 Aeva, Inc. 14
Slide 15: Full Year 2023 Summary
Full Year 2023 Summary FY 2023 Highlights Revenue $4.3M • Revenue driven by growing Aeries II shipments • $346M of cash and facility2 with no debt as of December 31, 2023 Non-GAAP Operating Loss3 ($124.1)M • Well positioned to execute on existing programs beyond SOP and additional wins Gross Cash Us
Slide 16: © 2024 Aeva, Inc.
AEVA © 2024 Aeva, Inc.