Aurora Innovation, Inc. · NASDAQ:AUR

Aurora Innovation — Q3 2023 Earnings Presentation

17 slides from Aurora Innovation's earnings presentation, Nov 1, 2023

  1. Slide 1: Third Quarter 2023 Business Update

    ©2023 | Aurora Proprietary THIRD QUARTER 2023 BUSINESS UPDATE NOVEMBER 1, 2023 1

  2. Slide 2: Cautionary statement regarding forward-looking statements

    ©2023 | Aurora Proprietary Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this presentation that do not relate to matters of historical fact should

  3. Slide 3: Aurora Horizon Roadmap to Launch

    Aurora Horizon Roadmap to Launch Maturity Hardware components Aurora Driver Safety Case OEM partners Truck Customers Additional operational elements Commercial loads / wk Commercialization Geographic and freight ‘expansion 3 / Aurora a a3 : a4 re Complete’ Validation & continuous improvement Continu

  4. Slide 4: Progressing our launch lane Safety Case toward Aurora Driver Ready

    ©2023 | Aurora Proprietary We are progressing our launch lane Safety Case to achieve the Aurora Driver Ready milestone Autonomy Readiness Measure (ARM) 84% ▸ Weighted measure of completeness across all claims (as of 9/30/23) under our Safety Case for the launch lane ▸ Reflects the percentage of work

  5. Slide 5: How the Aurora Driver has progressed through development to late-stage validation

    ©2023 | Aurora Proprietary This is an example of how we have progressed the Aurora Driver system through development to this late stage of validation Here is a collection of simulations that demonstrate how the Aurora Driver’s response in potential sideswipe scenarios now matches how our expert comm

  6. Slide 6: Training enables the Aurora Driver to avoid a sideswipe

    ©2023 | Aurora Proprietary This training enables the Aurora Driver to successfully avoid a sideswipe on the road The Aurora Driver is traveling southbound on I-45 between Dallas and Houston when our truck is almost clipped by a trailer in the neighboring lane. The Aurora Driver perceives this sidesw

  7. Slide 7: Completed hardening of our driverless hardware for Commercial Launch

    ©2023 | Aurora Proprietary We have completed the hardening of our driverless hardware to support Commercial Launch ▸ Our new fleet is equipped with the latest generation of the Aurora Driver kit, which will be our Commercial Launch hardware platform ▸ This kit contains hardened versions of our propr

  8. Slide 8: Completed second commercial-ready terminal in Houston

    ©2023 | Aurora Proprietary We completed the build-out of our second commercial-ready terminal, located in Houston This terminal completes the infrastructure needed for driverless operations on our Dallas to Houston commercial launch lane and establishes the first commercial-ready autonomous trucking

  9. Slide 9: Achieved end of Q3 commercial load target of 75 loads/week

    ©2023 | Aurora Proprietary We achieved our end of Q3 commercial load target of 75 loads/week Cumulative-to-date through 10/29/23, we’ve delivered Across Nearly 3,200+ 895k+ 100% Loads Miles On-Time 9

  10. Slide 10: Improvement in on-road Autonomy Performance Indicator

    ©2023 | Aurora Proprietary We again saw improvement in autonomy performance as measured by the on-road Autonomy Performance Indicator (API) Autonomy Performance Indicator (API) 98% (3Q23) ▸ The on-road Autonomy Performance Indicator (API) tracks our performance to successfully operate the Aurora Hor

  11. Slide 11: The Aurora Driver handling a contested lane change

    ©2023 | Aurora Proprietary The Aurora Driver handling a contested lane change On approach to Houston on I-45, the Aurora Driver decides to lane change to the left and turns on its turn signal. As it begins the lane change, another vehicle starts a last minute, aggressive lane change into the same sp

  12. Slide 12: The Aurora Driver encounters a wrong-way driver and avoids a collision

    ©2023 | Aurora Proprietary The Aurora Driver encounters a wrong-way driver and avoids a collision The Aurora Driver has just exited the highway in Houston. Traveling Southbound after a stoplight has turned green, it perceives a vehicle in its lane driving the wrong way toward the truck. The Aurora D

  13. Slide 13: Advancing vehicle platforms and Hardware as a Service partnership

    ©2023 | Aurora Proprietary We are advancing our vehicle platforms and Hardware as a Service partnership ▸ Achieved the first major ▸ Brought online our new fleet of partnership milestone, which Peterbilt 579 trucks, upfitted finalized the development plans with the latest generation of for the futur

  14. Slide 14: Appendix

    ©2023 | Aurora Proprietary Appendix 14

  15. Slide 15: Additional detail regarding our on-road autonomy performance indicator

    ©2023 | Aurora Proprietary Additional detail regarding our on-road autonomy performance indicator We believe the key to developing autonomous technology for safe, commercial operation is through robust development, testing, and validation through both simulation and on-road driving. As we have said

  16. Slide 16: Autonomy performance indicator components

    ©2023 | Aurora Proprietary The Aurora Driver’s autonomy performance indicator is reflected as a percentage of total commercially-representative miles driven over the quarter, that incorporates three components: ● Miles driven during the quarter that did not require support, with support meaning assi

  17. Slide 17: ©2023 | Aurora Proprietary

    ©2023 | Aurora Proprietary

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