Aurora Innovation, Inc. · NASDAQ:AUR
Aurora Innovation — Q4 2024 Earnings Presentation
16 slides from Aurora Innovation's earnings presentation, Feb 12, 2025
Slide 1: Business Update | Fourth Quarter 2024
Business Update | Fourth Quarter 2024 February 12, 2025 © 2025 | Aurora Proprietary 1
Slide 2: Cautionary statement regarding forward-looking statements
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 be considered forward-looki
Slide 3: Q4 and early 2025 achievements support April Commercial Launch and path to scale
Our Q4 and early 2025 achievements support our planned April Commercial Launch and path to scale Commercial Launch Est. 99% 88% 90% Nearing Safety Case Approaching targeted Partnering with NVIDIA closure with ARM 100% API Loads and Continental for the reaching 99% Commercial Launch Hardware as a Ser
Slide 4: Nearing closure of the Dallas to Houston Safety Case
Autonomy Readiness Measure ARM (as of end of January) We are nearing closure of the Dallas to Houston Safety Case 99% © 2025 | Aurora Proprietary 4
Slide 5: Advanced perception system promotes safe operation in rare and unpredictable scenarios
The Aurora Driverʼs advanced perception system and architecture promote safe, reliable operation in rare and unpredictable surface street scenarios Here the Aurora Driver comes upon a large funeral procession. As the truck approaches the Watch Video intersection, the Aurora Driver detects a police m
Slide 6: The Aurora Driver navigates complex construction with precision and reliability
The Aurora Driver navigates complex construction with precision and reliability Here the Aurora Driver encounters an upcoming construction zone. It lane changes to the left when safe to prepare for the lane closure ahead Watch Video and then seamlessly navigates a highly complex traffic crossover. T
Slide 7: 100% API Loads performance indicator
100% API Loads Commercial Launch Est. We have been approaching our targeted 88% 90% 100% Autonomy 80% 79% 75% 75% % of Loads Performance Indicator 62% API) loads Commercial 61% Launch estimate of 90%, 48% on average, since 32% mid-October 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Mid Oct 24 - April 2
Slide 8: Partner Success Program
We continue to execute our Partner Success Program, in which customers have the opportunity to more deeply evaluate and assess the Aurora Driverʼs performance as a final step to move forward with driverless operations Watch Video Hirschbach recently evaluated our system, leveraging the expertise of
Slide 9: We expect to launch commercially in April 2025
We expect to launch commercially in April 2025 We plan to introduce the Aurora Driver with a crawl, walk, run approach During launch, we expect to deploy up to 10 driverless trucks in commercial operations, starting with one driverless truck and then transitioning the balance to driverless operation
Slide 10: Cumulative autonomously delivered miles and loads
Cumulative to-date 9/23/21 through 2/2/25, we have autonomously delivered (under the supervision of vehicle operators) across nearly 9,500commercial 2.6M miles 100% on-time loads Aurora controlled rate) © 2025 | Aurora Proprietary 10
Slide 11: Three-way partnership between Aurora, NVIDIA, and Continental
We further enhanced our ecosystem with a three-way partnership between Aurora, NVIDIA, and Continental, solidifying another key enabler to successfully deploy at scale NVIDIAʼs DRIVE Thor system-on-a-chip and DriveOS will be integrated into the Hardware as a Service generation of the Aurora Driver t
Slide 12: Aurora Driver Indicative Roadmap to Scale
Aurora Driver Indicative Roadmap to Scale 2024 2025 2026 2027 Commercial Launch Path to Gross Profit Path to Scale & Self-Funding OWNERSHIP & DELIVERY MODEL Fleet Ownership Aurora Customer Predominantly Customer Delivery Model Terminal to Terminal First Customer Endpoints Unlocked Blended Endpoints
Slide 13: Fourth Quarter 2024 Summary Financial Results
Fourth Quarter 2024 Summary Financial Results $ in millions) December 31, 2024 Cash and cash equivalents, and short-term $1,223 investments Quarter Ended Year Ended $ in millions) December 31, 2024 December 31, 2024 Operating expenses: Research and development $171 $676 Selling, general and admini
Slide 14: Appendix
Appendix © 2025 | Aurora Proprietary 14
Slide 15: Additional detail regarding our on-road autonomy performance indicator
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 previously, we believe ther
Slide 16: © 2025 | Aurora Proprietary
© 2025 | Aurora Proprietary 16