Createai Holdings Inc. · OTC:TSPH
Createai — TuSimple Holdings — Investor Presentation (September 2023)
43 slides from Createai's investor presentation, September 2023
Slide 1: TuSimple Investor Presentation
TuSimple Investor Presentation September 2023
Slide 2: Disclaimer
Disclaimer This presentation and any accompanying oral statements (together, this “Presentation”) contain forward-looking statements. All statements other than statements of historical fact contained in this letter, including statements as to future results of operations and financial position of Tu
Slide 3: TuSimple Investor Presentation
TuSimple Investor Presentation 01 02 03 TuSimple Holdings at a Glance Strong Investment Thesis for AV Proven L4 Technology Leadership Trucking and Protected IP Portfolio 04 05 06 Concrete Development Roadmap Full Stack Autonomous 2023 Considerations and with Clear Commercialization Technology Long-T
Slide 4: TuSimple Holdings at A Glance
01 TuSimple Holdings at A Glance TuSimple | Investor Presentation 4
Slide 5: Our mission is to enable the most safe, fuel-efficient & low-cost freight capacity
Our mission is to enable the most safe, fuel-efficient & low-cost freight capacity by developing the best L4 autonomous technology, hardware and go-to-market strategy TuSimple | Investor Presentation
Slide 6: TuSimple Holdings at a Glance
TuSimple Holdings at a Glance Industry Leading Technology with Many Industry Firsts 6 R&D Facilities Corporate ~800 ~70 Headquarters People, Fleet, and US: San Diego, Tucson US : ~250 US: ~35 Facilities APAC: ~550 APAC: ~35 APAC: Beijing, Shanghai, San Diego, CA Tangshan, Tokyo Significant 1st ~5902
Slide 7: One Holding Company, Two Distinct Businesses
One Holding Company, Two Distinct Businesses Independent use cases (ODD1), and hardware ecosystems resulted in the need for separate engineering teams to pursue different product roadmaps Shared Common reporting, treasury, and compliance functions Key Development Differences US utilizes data annotat
Slide 8: U.S.: Team Led by Seasoned Technology Leaders
U.S.: Team Led by Seasoned Technology Leaders Robert Rossi Jing Zhu Adrian Thompson Graham Taylor Tom Wang SVP, Co-Head Technology SVP, Co-Head Technology VP, Systems & Safety Eng. VP, Hardware VP, Software Engineering ▪ 40+ years of experience in ▪ 30+ years of experience in ▪ 30+ years of experien
Slide 9: APAC: Experienced Management Team
6 APAC: Experienced Management Team Jianan HAO Naiyan WANG Haiquan LI Nan WU Head of China CTO VP of Engineering Head of Japan ▪ Company founding member ▪ Overseeing AV full stack development ▪ Lead TuSimple APAC engineering ▪ Over 13 years R&D experience in and overseeing R&D activity and organizat
Slide 10: Strong Investment Thesis for AV Trucking
02 Strong Investment Thesis for AV Trucking TuSimple | Investor Presentation 10
Slide 11: Large TAM With Secular Growth Drivers
Large TAM With Secular Growth Drivers An opportunity to revolutionize a traditional market with industry leading technology Global Truck Freight Market (TAM1) Regional Freight Industry TAM2 Global Truck Freight Market: $4tn United States $800bn Global E-Commerce: $3.5tn Global Automotive: $2.8tn APA
Slide 12: The Need for Autonomous Trucking Remains
The Need for Autonomous Trucking Remains US APAC ~3 million Class 8 semi-trucks in the US1 ~8 million heavy-duty trucks in China3 +70% of all freight in the US transported by trucks2 ~1.2 million large-size trucks in Japan4 INCREASED DEMAND FROM E-COMMERCE TRENDS FACED WITH A GROWING SHORTAGE OF DRI
Slide 13: Demonstrable Value Proposition
Demonstrable Value Proposition AV Operating Cost Structure Advantage1 Autonomous Vehicle Cost Elements2 ~40% Cost Reduction ▪ Driver Costs ▪ Elimination of human driver wages and benefits once operations are driverless ~$2.50 / mile ~$1.50 / mile ▪ Addition of data transmission and storage, remote m
Slide 14: U.S. Regulatory Environment Paving the Way for Autonomy
U.S. Regulatory Environment Paving the Way for Autonomy WA NH 44 states Allow Driver In AV 29 states Allow Driver Out AV MT PartnersfomCoastoCoast ND VT ME OR MN MA ID SD WI NY Momentum towards allowing for testing and WY RI MI deployment of ADS-equipped commercial IA PA NV NE NJ CT trucks: IL IN OH
Slide 15: APAC Regulatory Environment Supportive of Autonomous Freight Capacity
APAC Regulatory Environment Supportive of Autonomous Freight Capacity Regulatory Environment in China and Japan China ▪ Shanghai first city in China to pass legislation to allow L4 fully driverless testing of autonomous trucks ▪ Clear strategic development goals set for AV industry by 2025, promotin
Slide 16: Proven L4 Technology Leadership and Protected IP Portfolio
03 Proven L4 Technology Leadership and Protected IP Portfolio TuSimple | Investor Presentation 16
Slide 17: A History of Industry Firsts
A History of Industry Firsts Broke 10 world records First to demonstrate Demonstrated ~70 miles, 0 First to demonstrate driver First to achieve 10 as computer vision fully autonomous disengagement terminal-to-terminal out fully autonomous million road miles world champions truck runs on surface run
Slide 18: Only Player to Complete Driver Out in the US
Only Player to Complete Driver Out in the US Autonomous Vehicle Landscape1 U.S. Driver Out Program Highlights AV Trucking Robotaxi Complexity / ODD2 More Complex Vehicle More Defined ODD2 Less Complex Vehicle More Expansive ODD2 0 112 28 101 40 Ton Average Weight 2 Ton Average Weight Disengagements
Slide 19: ...and Only Player to Complete Driver Out in China
…and Only Player to Complete Driver Out in China Autonomous Trucking Landscape1 China Driver Out Program Highlights Driver-Out 0 236 Disengagements Lane Changes ~12,000 1.6km Cars or Trucks Distance traveled with Driver-In Detected reduced visibility from fog ✓ No human in the ✓ 11 total missions ✓
Slide 20: Intellectual Property - A Leader in AV Trucking IP
Intellectual Property - A Leader in AV Trucking IP Worldwide Patents and Applications1 TuSimple Patent Portfolio TuSimple ▪ TuSimple’s industry One of the largest organically developed patent leading patent portfolio portfolios in AV trucking – 589 patents in total 2 Company A of 590+ global patents
Slide 21: Concrete Development Roadmap with Clear Commercialization Strategy
04 Concrete Development Roadmap with Clear Commercialization Strategy TuSimple | Investor Presentation 21
Slide 22: Clear Strategy to Commercializing First Autonomous Lane
Clear Strategy to Commercializing First Autonomous Lane Building on prior achievements, a clear and achievable roadmap in the U.S. and APAC to be first to launch commercial autonomous freight operations Driver Out Pilot ▶︎ Expanded Safety + Increased Reliability + Improved Cost Effective = Commercia
Slide 23: Two Progressive Business Models
Two Progressive Business Models Accelerate path to scale with TuSimple Capacity, handling testing and maintenance, before full earnings potential is achieved with Carrier-Owned Capacity Business Models applicable to U.S. and APAC TuSimple Carrier-Owned Capacity Capacity Ready to commercialize today
Slide 24: AFN Rollout and Expansion Plan
AFN Rollout and Expansion Plan AFN Covering Major Shipping Routes in China AFN Targeted Expansion in the U.S. Oklahoma City Memphis Phoenix Tucson El Paso Dallas Austin Houston Phase 1 (Launched) San Antonio Phase 2 Phase 3 Laredo ▪ Targeting expansion throughout the Sunbelt leveraging existing mapp
Slide 25: U.S. Development Roadmap and Plan
C O N F I D E N TIA L U.S. Development Roadmap and Plan Commercialization roadmap strategically aligned with overall industry readiness Immediately Actionable: 2023 - 2026 Within Range: 2027 - 2029 On the Roadmap: 2030+ ▪ Mature ADS technology for ▪ Expand self-operated AV fleet ▪ Scale AFN density
Slide 26: APAC Development Roadmap and Plan
C O N F I D E N TIA L APAC Development Roadmap and Plan Commercialization roadmap strategically aligned with overall industry readiness Immediately Actionable: 2023 - 2026 Within Range: 2027 - 2029 On the Roadmap: 2030+ ▪ Enhance L4 technology; iterate through ▪ Build AFN in selected routes and regi
Slide 27: Full Stack Autonomous Technology
05 Full Stack Autonomous Technology TuSimple | Investor Presentation 27
Slide 28: Core Technology Architecture
Core Technology Architecture A B C ADS Onboard Software1 ADS Hardware Solutions Offboard Technology C Machine Learning and Simulation Autonomy Visualization HD Mapping Fleet Operations Infrastructure Sensors A1 (Inputs) Compute B Perception Tracking Fusion Prediction Planning Control Actuators (Outp
Slide 29: Technology Architecture Overview
Technology Architecture Overview TuSimple’s combined technology platform and organizational capability encompass the overarching requirements to support continuous, scalable freight operations A B ADS Onboard Software ADS Hardware Solutions ▪ Best-in-class long-range perception, multi-modality senso
Slide 30: Proven L4 Capable Onboard Software Technology
CONFIDENTIAL A Proven L4 Capable Onboard Software Technology Solved critical autonomous trucking challenges with long range perception key for semi-trucks, planning and prediction enabling maneuvers, and control that optimizes fuel economy and driving performance Onboard Software Components Benefits
Slide 31: Prediction and Planning Capabilities and Highlights
A Prediction and Planning Capabilities and Highlights Technology Highlights Capabilities and Maneuvers ▪ Construction zones ▪ Emergency lane vehicles Key Safety Scenarios Driving Features ▪ Traffic jams ▪ Emergency vehicles Supported ▪ Road boundaries ▪ Vulnerable road users Handling Proactive Lane
Slide 32: Precise Control Delivers Superior Driving Performance
A Precise Control Delivers Superior Driving Performance State of the art, predictive “all-in-one” optimal controller that can balance motion control/smoothness, minimize needed actuation, and maximize fuel economy Predictive Control Autonomous Driver Control Improvements Lane Centering ▪ Capable of
Slide 33: ADS Hardware Environment
CONFIDENTIAL B ADS Hardware Environment Focused development since inception on critical ADS enabling hardware through multiple generations ADS Hardware Systems and Components Compute and Communications TuSimple Sensing Unit ▪ Competitive advantage driven by in-house camera design that matches onboar
Slide 34: TuSimple Domain Controller
B TuSimple Domain Controller TuSimple Domain Controller (“TDC”) L4 Use Cases and Cost Efficiencies TDC Overview The TDC replaces distributed compute units as an integrated redundant ▪ Partnership between NVIDIA and TuSimple controller announced in January 2022 TSU, VCU, ▪ High functional integrity a
Slide 35: Offboard Infrastructure and Toolchain Enabling Development and Deployment
C Offboard Infrastructure and Toolchain Enabling CONFIDENTIAL Development and Deployment TuSimple’s AV Development Toolchain is a holistic set of software tools based on real world experience that cover the entire autonomous driving development cycle and deployment of AV operations Machine Learning
Slide 36: Every Aspect of System Development Informed by Safety
D Every Aspect of System Development Informed by Safety Complexity of autonomous vehicle operations necessitates a safety case that is designed to ensure adequate safety margins and that supporting operations are safe while addressing AI-specific challenges What is Being Made Safe? Autonomous Drivin
Slide 37: The TuSimple Safety Case
CONFIDENTIAL D The TuSimple Safety Case Structured arguments that define specific safety objectives, clearly state all assumptions, provide rationale, directly link evidence to impacted claims, clarify effectiveness of mitigants, and understand residual risk System Safety Technical Safety Operationa
Slide 38: Autonomy Solutions to Drive Industry Forward
Autonomy Solutions to Drive Industry Forward Combination of modular technology stack, development know-how, and proprietary domain controller enables use cases outside pure L4 autonomy Trends Driving Mobility Today Illustrative Use Cases & Plug-Ins L2 & L3 ADAS all-in-one modules for passenger and c
Slide 39: 2023 Considerations and Long-Term Framework
06 2023 Considerations and Long-Term Framework TuSimple | Investor Presentation 39
Slide 40: 2023 Key Considerations
2023 Key Considerations TuSimple ended 2022 with ~$995mm in Cash and Short-Term Investments; Refined 2023 Strategy Reduces Revenue and OpEx While Protecting our Balance Sheet 2023 Cash & Short- Revenue OpEx Capital Expenditure Term Investments ▪ Intentional reduction of ▪ Greater than $120 mil. of ▪
Slide 41: Focusing on What it Takes to Win
Focusing on What it Takes to Win Striving to Create shareholder value through building on our technology leadership, setting a concrete development roadmap, and creating near-term monetization opportunities 1 2 3 Investment Thesis for AV Proven L4 Technology One Holding Company, Trucking Remains Str
Slide 42: Long-Term Framework
Long-Term Framework Substantial Revenue and Network Scaling opportunity has not changed TuSimple technology Initial focus on commercial Launch of Carrier Owned remains industry leading and launch TuSimple Capacity, Capacity required to scale to we continue to believe we will path to positive cash fl
Slide 43: Thank You
Thank You TuSimple | Investor Presentation 43
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