Aurora Innovation, Inc. · NASDAQ:AUR

Aurora Innovation — Q1 2025 Earnings Presentation

17 slides from Aurora Innovation's earnings presentation, May 8, 2025

1. Slide 1: First Quarter 2025 Business Review

   First Quarter 2025 Business Review MAY 8, 2025 1 © 2025 | AURORA PROPRIETARY

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

   Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning Additional information will also be set forth in our Quarterly Report on Form 10Q of the federal securities laws. All statements contained in this presentation

3. Slide 3: Driverless trucks are on the road, operating commercially

   Driverless trucks are on the road, operating commercially. Autonomous freight is no longer just a vision. Itʼs a reality and itʼs powered by the Watch Video Aurora Driver. Hyperlapse of an Aurora Driver-powered truck autonomously hauling freight between Dallas and Houston. 3 © 2025 | AURORA PROPRIET

4. Slide 4: To commence driverless operations, we closed the Dallas to Houston Safety Case

   To commence driverless Autonomy Readiness Measure (ARM) operations, we closed the Dallas to Houston Safety Case 100% 4 © 2025 | AURORA PROPRIETARY

5. Slide 5: Prior to launch, we exceeded our Autonomy Performance Indicator loads target

   Prior to launch, we exceeded our 100% 100% API loads Autonomy Performance Indicator (API) loads Commercial Launch Target 95% Commercial Launch target 88% 80% 79% 75% 75% % of loads 61% 62% 48% 32% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 1Q25 Production Release* 5 © 2025 | AURORA PROPRIETARY * P

6. Slide 6: We began driverless commercial deliveries for Uber Freight

   We began driverless commercial deliveries for Uber Freight between Dallas and Houston Watch Video “When Uber Freight and Aurora came together more than four years ago, we set out to transform the future of logistics — and today, that future is here. Moving autonomous commercial freight without anyon

7. Slide 7: We began driverless commercial deliveries for Hirschbach

   We began driverless commercial deliveries for Hirschbach between Dallas and Houston Watch Video “Auroraʼs transparent, safety-focused approach to delivering autonomous technology has always given me confidence theyʼre doing this the right way. Transforming an old school industry like trucking is nev

8. Slide 8: This is the Aurora Driver

   This is the Aurora Driver — a solution with superhuman capabilities that we Watch Video believe will redefine logistics Here, we see a compilation of challenging real-world scenarios. In low light, it detects a pedestrian running across the highway using its fusion of cameras, radar, and proprietary

9. Slide 9: Prove → Increase → Become

   Our focus now turns to proving the promise of the technology, increasing the value of our product for our customers, and ultimately becoming an essential partner in the freight industry Prove → Increase → Become promise value essential 9 © 2025 | AURORA PROPRIETARY

10. Slide 10: We are introducing the Aurora Driver with a crawl, walk, run approach

    We are introducing the Aurora Driver with a crawl, walk, run approach to prove the promise of our technology and in 2H25 we will focus on increasing value for our customers ● Expanding our product capabilities to include validated night driving and operation in adverse weather conditions, including

11. Slide 11: Extending the Fort Worth to El Paso pilot with Werner to Phoenix

    To support our lane expansion strategy, weʼve extended our Fort Worth to El Paso pilot with Werner to Phoenix — opening a 1,000+ mile autonomous lane The lane between Fort Worth and Phoenix spans over 1,000 miles and requires more than 15 hours of continuous driving to traverse. This exceeds the 11-

12. Slide 12: Cumulative to-date commercial loads delivered

    Cumulative to-date 9/23/21 through 5/7/25, we have 11,000+ autonomously delivered: COMMERCIAL LOADS (DRIVERLESS AND UNDER THE SUPERVISION OF VEHICLE OPERATORS) ACROSS ACROSS 3M+ MILES NEARLY 100% ON-TIME (AURORA-CONTROLLED RATE) 12 © 2025 | AURORA PROPRIETARY

13. Slide 13: Aurora Driver Indicative Roadmap to Scale

    Aurora Driver Indicative Roadmap to Scale 2025 2026 2027 Commercial Launch Path to Gross Profit Path to Scale & Self-Funding OWNERSHIP & DELIVERY MODEL Fleet Ownership Aurora Customer Predominantly Customer Delivery First Customer Model Terminal to Terminal Blended Endpoints and Terminals Endpoints

14. Slide 14: First Quarter 2025 Summary Financial Results

    First Quarter 2025 Summary Financial Results ($ in millions) March 31, 2025 Cash and cash equivalents, and short-term $1,159 investments Quarter Ended Year Ended ($ in millions) March 31, 2025 December 31, 2024 Operating expenses: Research and development $182 $676 Selling, general and administrativ

15. Slide 15: Appendix

    Appendix 15 © 2025 | AURORA PROPRIETARY

16. Slide 16: 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 There is judgment involved in using internal analysis to determine whether or not operation is through robust development, testing, and validation throug

17. Slide 17: © 2025 | AURORA PROPRIETARY

    17 © 2025 | AURORA PROPRIETARY

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