Aurora Innovation, Inc. · NASDAQ:AUR
Aurora Innovation — Q1 2024 Earnings Presentation
15 slides from Aurora Innovation's earnings presentation, May 8, 2024
Slide 1: First Quarter 2024 Business Update
FIRST QUARTER 2024 BUSINESS UPDATE MAY 8, 2024 1 © 2024 | Aurora Proprietary
Slide 2: 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-looking statements, including but not limited to, those stateme
Slide 3: We hosted our second Analyst & Investor Day in March
We hosted our second Analyst & Investor Day in March, where we demonstrated the maturity of our ecosystem, depth of our partnerships, customer enthusiasm, and our driverless technology 3 © 2024 | Aurora Proprietary
Slide 4: Interacting with aggressive drivers
Interacting with aggressive drivers WATCH VIDEO Exceptional driverless performance in highly demanding situations on our test track 4 © 2024 | Aurora Proprietary
Slide 5: Avoiding dangerous debris
Avoiding dangerous debris WATCH VIDEO Exceptional driverless performance in highly demanding situations on our test track 5 © 2024 | Aurora Proprietary
Slide 6: Responding to pedestrians who unexpectedly enter the path of the vehicle
Responding to pedestrians who unexpectedly enter the path of the vehicle WATCH VIDEO Exceptional driverless performance in highly demanding situations on our test track 6 © 2024 | Aurora Proprietary
Slide 7: Navigating tire blowouts
Navigating tire blowouts WATCH VIDEO Exceptional driverless performance in highly demanding situations on our test track 7 © 2024 | Aurora Proprietary
Slide 8: We are readying our technology to close our launch lane Safety Case
Autonomy Readiness Measure (ARM) (as of mid-Apr ‘24) We are readying our 95% technology to close our launch lane Safety Case 8 © 2024 | Aurora Proprietary
Slide 9: A large portion of the safety case work is about validating Aurora Driver features
A large portion of the safety case work is about ensuring we have properly defined, validated and verified features of the Aurora Driver This is an example of how we do this work, using responding to pedestrians in the road as an example PEDESTRIAN VELOCITY WATCH VIDEO Event legend: AUTONOMY OBSERVE
Slide 10: Driving up the percentage of loads that are 100% API
100% API Loads Commercial Launch Estimate With the achievement of an aggregate API of 99% last quarter, we are now focused 75% % of Loads on driving up the percentage 62% 61% of commercial loads that do 48% not require any form of on-site support - 100% API 32% 1Q23 2Q23 3Q23 4Q23 1Q24 4Q24 10 © 202
Slide 11: We are now scheduling about 120 loads per week with contractual commitments
We are now scheduling about 120 loads per week and have secured contractual commitment on volume and pricing from multiple customers Cumulative to-date 9/23/21 through 4/30/24: We’ve delivered Across Nearly 5,450 ~1.5M 100% Loads Miles On-Time 11 © 2024 | Aurora Proprietary
Slide 12: First quarter and 2024 Summary Financial Results
First quarter and 2024 Summary Financial Results ($ in millions) March 31, 2024 Cash and cash equivalents, short-term investments & $1,197 long-term investments Quarter Ended Year Ended ($ in millions) March 31, 2024 December 31, 2023 Operating expenses: Research and development $166 $716 Selling, g
Slide 13: Appendix
Appendix 13 © 2024 | Aurora Proprietary
Slide 14: 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 15: © 2024 | Aurora Proprietary
15 © 2024 | Aurora Proprietary