Aurora Innovation, Inc. · NASDAQ:AUR

Aurora Innovation — Q4 2023 Earnings Presentation

14 slides from Aurora Innovation's earnings presentation, Feb 14, 2024

  1. Slide 1: Fourth Quarter 2023 Business Update

    ©2024 | Aurora Proprietary FOURTH QUARTER 2023 BUSINESS UPDATE FEBRUARY 14, 2024 1

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

    ©2024 | 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: 2023 was a pivotal year for Aurora

    ©2024 | Aurora Proprietary 2023 was a pivotal year for Aurora We continue to lead autonomous trucking companies by executing a focused strategy centered on technological, commercial, and financial progress Achieved Feature Complete Established the first Now consistently schedule milestone at the end o

  4. Slide 4: We continue to progress our vehicle partnerships

    ©2024 | Aurora Proprietary We continue to progress our vehicle partnerships Deep integration with OEMs and suppliers is absolutely imperative to bringing a commercially-viable driverless trucking product to market and long-term deployment at true commercial scale ▸ During Q4, we completed the bring-

  5. Slide 5: We are readying our technology to close our launch lane Safety Case

    ©2024 | Aurora Proprietary We are readying our technology to close our launch lane Safety Case Autonomy Readiness Measure (ARM) ▸ ARM is a weighted measure of completeness across all claims 93% under our Safety Case for the launch lane (as of mid-Jan ‘24) ▸ Our focus on the Aurora Driver Ready miles

  6. Slide 6: Footnotes and definitions

    ©2024 | Aurora Proprietary 1 Aurora Driver Feature Complete is defined as having implemented all of the capabilities necessary for launch and all policy interventions removed. 2 Commercial Launch encompasses Aurora Driver Ready (validation complete and Aurora Driver Safety Case closed) and closure o

  7. Slide 7: Improvement in autonomy performance measured by on-road Autonomy Performance Indicator

    ©2024 | Aurora Proprietary We again saw improvement in autonomy performance as measured by the on-road Autonomy Performance Indicator (API) ▸ The on-road Autonomy Performance Indicator (API) tracks our 4Q23 Autonomy Performance Indicator (API) 99% performance to successfully operate our trucking pro

  8. Slide 8: The Aurora Driver avoiding potential collisions

    ©2024 | Aurora Proprietary The Aurora Driver avoiding potential collisions Watch video ▸ Watch video ▸ 8

  9. Slide 9: We now consistently schedule over 100 loads per week

    ©2024 | Aurora Proprietary We now consistently schedule over 100 loads per week and have secured contractual commitment on volume and pricing for a portion of our 2024 and 2025 capacity Cumulative to-date 9/23/21 through 1/31/24, we’ve delivered Across Nearly 4,300 1M+ 100% Loads Miles On-Time 9

  10. Slide 10: Hardware as a Service partnership with Continental

    ©2024 | Aurora Proprietary We continue to advance our Hardware as a Service partnership with Continental ▸ In January, Continental and Aurora achieved a key development milestone - we announced the finalization of the design and architecture of the future Aurora Driver hardware generation that Contin

  11. Slide 11: Fourth quarter and 2023 Summary Financial Results

    ©2024 | Aurora Proprietary Fourth quarter and 2023 Summary Financial Results ($ in millions) December 31, 2023 Cash and cash equivalents, short-term investments & $1,348 long-term investments Quarter Ended Year Ended ($ in millions) December 31, 2023 December 31, 2023 Operating expenses: Research an

  12. Slide 12: Appendix

    ©2024 | Aurora Proprietary Appendix 12

  13. Slide 13: Additional detail regarding our on-road autonomy performance indicator

    ©2024 | 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

  14. Slide 14: ©2024 | Aurora Proprietary

    ©2024 | Aurora Proprietary

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