Archer Aviation Inc. · NYSE:ACHR
Archer Aviation — Atlas Crest Investment — SPAC Merger (September 2021)
26 slides from Archer Aviation's SPAC merger presentation, Sep 7, 2021
Slide 1: Archer Investor Deck September 2021
ARCHER INVESTOR DECK SEPTEMBER 2021 1 ARCHER INVESTOR DECK SEPTEMBER 2021
Slide 2: Disclaimer and Forward-Looking Statements
ARCHER INVESTOR DECK SEPTEMBER 2021 2 Archer Aviation Inc. (“Archer” or the “Company”) disclaims all warranties, whether express, implied or statutory, including, without limitation, any implied warranties of title, non- infringement of third-party rights, merchantability, or fitness for a particular
Slide 3: Certain Risks Related to Archer Aviation Inc.
ARCHER INVESTOR DECK SEPTEMBER 2021 3 Certain Risks Related to Archer Aviation Inc. All references to the “Company,” “Archer,” “we,” “us” or “our” in Pack refer to the business of Archer Aviation Inc. The risks presented below are certain of the general risks related to the Company’s business, indus
Slide 4: Today's Reality
ARCHER INVESTOR DECK SEPTEMBER 2021 4 Today’s Reality POLLUTION CONGESTION MOBILITY LIMITATIONS UNPRECEDENTED TRAFFIC
Slide 5: Urban Air Mobility a $1+ Trillion Market by 2040
ARCHER INVESTOR DECK SEPTEMBER 2021 5 Morgan Stanley predicts Urban Air Mobility to be a $1+ Trillion market by 2040 ARCHER INVESTOR DECK SEPTEMBER 2021 5 MASSIVE TAM Images in this presentation of the Maker Aircraft in flight are computer-generated simulations.
Slide 6: Private and Confidential
ARCHER INVESTOR DECK SEPTEMBER 2021 PRIVATE AND CONFIDENTIAL 6 1 ARCHER INVESTOR DECK SEPTEMBER 2021 6
Slide 7: Positioning to be First to Market
ARCHER INVESTOR DECK SEPTEMBER 2021 7 Aircraft design and technology facilitates an industry-leading certification timeline with the FAA ARCHER INVESTOR DECK SEPTEMBER 2021 7 1 ARCHER Positioning to be First to Market Key technology development led to Maker unveil in 2Q21. Targeting full-scale flight
Slide 8: Major Updates Since SPAC Announcement
ARCHER INVESTOR DECK SEPTEMBER 2021 8 • September 14th Shareholder Vote • FAA Approves G-1 Certification Basis for Archer • Best-in-Class Board of Directors / Executive Leadership in Place • Announced Initial Launch Cities of Miami and Los Angeles and Identified First 5 Vertiport Locations in Each for
Slide 9: Executive Team Buildout
ARCHER INVESTOR DECK SEPTEMBER 2021 9 EXECUTIVE TEAM BUILDOUT 1 ARCHER ADAM GOLDSTEIN Co-CEO Previously co-founder of Vettery (acquired $110M) VANNINA LEGENDRE Head of Supply Chain Director of Supply Chain at GoGo JULIEN MONTOUSSE VP, Design and Innovation Previously VP of Design at Mazda SANDRA SIF
Slide 10: Assembled Best-in-Class Board
ARCHER INVESTOR DECK SEPTEMBER 2021 10 Assembled Best-in-Class Board 1 ARCHER BRETT ADCOCK Co-Founder, Co-CEO Previously Co-Founder of Vettery ADAM GOLDSTEIN Co-Founder, Co-CEO Previously Co-Founder of Vettery OSCAR MUNOZ Former CEO & Chairman of United Airlines DEBORAH DIAZ Former CTO at Nasa FRED
Slide 11: Full-Scale eVTOL Aircraft: Maker Unveiled June 2021
ARCHER INVESTOR DECK SEPTEMBER 2021 11 AGREEMENT WITH UNITED STATES AIR FORCE TARGETING 4Q21 FLIGHT TEST MAKER UNVEILED JUNE 2021 (35M views) FULL-SCALE eVTOL AIRCRAFT KEY TECH DEVELOPED ARCHER INVESTOR DECK SEPTEMBER 2021 11 1 ARCHER
Slide 12: FAA Certification Process & Planning
ARCHER INVESTOR DECK SEPTEMBER 2021 12 1 ARCHER FAA Certification Process & Planning • Collaborate early and frequently with FAA • Pragmatic approach to capabilities, range, technology, etc. • Use conventional processes, materials, and equipment CERTIFICATION DO’S • Complete aircraft design prior to
Slide 13: Partnership for Long-Term Manufacturing & Supply Chain
ARCHER INVESTOR DECK SEPTEMBER 2021 13 • High-volume composite manufacturing • Supporting Archer on composite material selection, NVH design • Access to low-cost automotive grade supply chain Partnership for Long-Term Manufacturing & Supply Chain 1 ARCHER STRATEGIC AUTOMOTIVE OEM PARTNER WITH A MULT
Slide 14: United Airlines - Strategic Launch Partner
ARCHER INVESTOR DECK SEPTEMBER 2021 14 United Airlines - Strategic Launch Partner 14 1 ARCHER Key equity holder and strategic partner Up to $1.5 billion in aircraft sales Go-to-market operating partner Oscar Munoz (ex-United CEO and chairman) nominated to join combined company’s board
Slide 15: Vertiport Sites: 4,800+ Locations
ARCHER INVESTOR DECK SEPTEMBER 2021 15 ARCHER INVESTOR DECK SEPTEMBER 2021 15 1 ARCHER 4,800+ SITES Largest parking garage operator covering 70% of NA’s population Charging Ready Minimal effort to upgrade facilities with charging infrastructure Ideal Locations Centrally located to minimize last mile
Slide 16: Archer Selects LA for Initial UAM Network Launch
ARCHER INVESTOR DECK SEPTEMBER 2021 16 16 1 ARCHER Archer uses Prime Radiant, its proprietary transportation mode choice model, to make its launch selections. In coordination with the Mayor’s office, Archer announced in February 2021 its plans to launch its initial commercial operations in the City of
Slide 17: 2021 Private and Confidential
ARCHER INVESTOR DECK 2021 PRIVATE AND CONFIDENTIAL 17 2 ARCHER INVESTOR DECK SEPTEMBER 2021 17
Slide 18: Key Investor Highlights
ARCHER INVESTOR DECK SEPTEMBER 2021 18 High barriers to entry due to specialized engineering expertise, technology development, commercial partners, and capital needs Attractive short-term and long-term value creation with pre-market Electric Vehicle & Autonomous Vehicle peers ~12x Archer’s current
Slide 19: Urban Air Mobility Is a Highly Attractive Hard-tech Segment
ARCHER INVESTOR DECK SEPTEMBER 2021 19 EV CHARGING RIDE SHARING ELECTRIC VEHICLES eVTOL AUTONOMOUS VEHICLES START-TO-MARKET <1 YEAR <2 YEARS 3-5 YEARS 6+ YEARS 6+ YEARS ENGINEERING TALENT SPECIALIZATION COMMODITY COMMODITY MEDIUM TALENT SPECIALIZATION SPECIALIZED TALENT NEEDED SPECIALIZED TALENT NEE
Slide 20: Few Viable eVTOL Competitors
ARCHER INVESTOR DECK SEPTEMBER 2021 20 Few Viable eVTOL Competitors 2 GROWTH POTENTIAL ALL eVTOL COMPANIES >$500M CAPITAL Estimated Minimum to Achieve Certification FIXED WING AIRCRAFT Needed for Range/Speed/Noise URBAN AIR MOBILITY MARKET City Center Focused Operations PILOTED AIRCRAFT Required for
Slide 21: Archer's Relative Value & Growth Potential Is Immense
ARCHER INVESTOR DECK SEPTEMBER 2021 21 GROWTH POTENTIAL 5 2 Archer’s Relative Value & Growth Potential Is Immense Sources: Company filings, Bloomberg, Pitchbook, street research, company websites. Market pricing data as of 8/11/21. Note: Archer and Lucid referenced as equity value. Private companies
Slide 22: Archer's Valuation Is Highly Attractive
ARCHER INVESTOR DECK SEPTEMBER 2021 22 Archer’s Valuation Is Highly Attractive Source: Investor presentations, press releases, FactSet as of 8/11/2021. Archer valuation assumes ACIC share price of $10.00. Financial projections use Archer management’s current estimates (See Disclaimer slide). (1) Fin
Slide 23: August 2021
ARCHER INVESTOR DECK AUGUST 2021 23 3 ARCHER INVESTOR DECK SEPTEMBER 2021 23
Slide 24: Transaction Overview: Pro Forma Ownership and Sources & Uses
ARCHER INVESTOR DECK SEPTEMBER 2021 24 (1) Assumes no redemptions from SPAC public stockholders and excludes potential dilution from warrants. Assumes ACIC share redemption price of $10.00. Inclusive of deferred underwriting commission to SPAC underwriters, legal, PIPE, and other fees. (2) Pro forma
Slide 25: Transaction Summary
ARCHER INVESTOR DECK SEPTEMBER 2021 25 • Pro forma enterprise value of approximately $1.6 billion • The transaction will be funded by a combination of ~$500 million of cash and proceeds from a $600 million PIPE: — The PIPE includes participation from leading strategic and long-term financial investor
Slide 26: Archer Aviation Inc., Palo Alto, California
ARCHER INVESTOR DECK AUGUST 2021 26 ARCHER INVESTOR DECK SEPTEMBER 2021 26 ARCHER AVIATION INC. PALO ALTO, CALIFORNIA 1880 Embarcadero Rd Palo Alto, CA 94303 ARCHER.COM
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