Aurora Innovation, Inc. · NASDAQ:AUR
Aurora Innovation — Q3 2022 Earnings Presentation
17 slides from Aurora Innovation's earnings presentation, Nov 2, 2022
Slide 1: Third Quarter 2022 Business Update
THIRD QUARTER 2022 BUSINESS UPDATE NOVEMBER 2, 2022
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: Aurora Horizon Roadmap to Launch
AURORA HORIZON ROADMAP TO LAUNCH Complete 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Navigate construction Execute Texas Detect lane Navigate lanes Identify zones - blocked lanes U-turns ✓ markings that made by involvement in Feature Complete* Aurora Driver Ready** and road closures ✓ have shifted due temporary
Slide 4: Our Beta 4.0 release continues to advance the Aurora Driver toward commercial readiness
Our Beta 4.0 release continues to advance the Aurora Driver toward commercial readiness Detecting lane markings Responding to road that have shifted due to debris construction ©2022 Aurora Proprietary 4
Slide 5: Detecting lane markings that have shifted due to construction
Detecting lane markings that have shifted due to construction The Aurora Driver perceives a new lane line that has been painted due to construction and knows to deviate from the Aurora Atlas, our HD map, to remain centered in its lane Watch video ▸ ©2022 Aurora Proprietary 5
Slide 6: Responding to road debris
Responding to road debris The Aurora Driver encounters the remains of a blown tire, detects it and shifts to the right to navigate around the debris Watch video ▸ ©2022 Aurora Proprietary 6
Slide 7: Next-generation FirstLight Lidar prepared for manufacturability and high reliability
With our next-generation FirstLight Lidar, we are preparing this proprietary sensor for manufacturability and high-reliability while also extending its technological lead ✓ Equipped with integrated cleaning system ✓ Liquid cooled ✓ Self-monitoring ✓ Increased range and probability of detection ©2022
Slide 8: Our next-generation computer is driverless capable
Our next-generation computer is driverless capable ✓ Fully redundant ✓ Self-monitoring ✓ Liquid cooled ✓ Capable of up to 5,400 TOPS* ✓ Designed to meet ISO 16750-3 mechanical reliability targets *INT8 w/ sparsity ©2022 Aurora Proprietary 8
Slide 9: Upgraded camera system with quadrupled resolution and increased dynamic range
We upgraded our camera system, quadrupling its resolution and significantly increasing its dynamic range 24-bit with previous generation computer & 2MP cameras 32-bit HDR with new computer & 8MP cameras ©2022 Aurora Proprietary 9
Slide 10: The bar to our commercial launch is a closed Safety Case
The bar to our commercial launch is a closed Safety Case Aurora’s self-driving vehicles are acceptably safe to operate on public roads G1 G2 G3 G4 G5 Proficient Fail-Safe Continuously Resilient Trustworthy Improving The self-driving The self-driving All identified potential The self-driving The self
Slide 11: Autonomy Readiness Measure
Our progress toward delivering the commercial-ready Aurora Driver Autonomy Readiness Measure ©2022 Aurora Proprietary 11
Slide 12: At Feature Complete we plan to begin sharing progress against closing our Safety Case
At “Feature Complete” we plan to begin sharing our progress against closing our Safety Case Autonomy Readiness Measure Safety Case Feature Complete Aurora Driver Ready Commercial Launch % Complete ~95%(E) 100% Closing of the Safety Case claims for the autonomy-enabled truck platform ©2022 Aurora Pro
Slide 13: Percentage of miles in autonomy
Once the Aurora Driver is “Feature Complete” we also plan to provide a supplemental measure of our on-road autonomy performance as an indicator of our progress in everyday driving scenarios On-Road Autonomy Performance Indicator Percentage of miles in autonomy Includes miles driven in autonomy that
Slide 14: We achieved our end of Q3 commercial load booking target of 22 loads/week
We achieved our end of Q3 commercial load booking target of 22 loads/week, up 50% versus Q2 Cumulative to-date through 10/31/22, we’ve delivered Across Nearly 660 180k+ 100% Loads Miles On-Time ©2022 Aurora Proprietary 14
Slide 15: Through our pilots, we are scaling and informing our operations
Through our pilots, we are scaling and informing our operations October 2022 Expansion Industry collaborators ©2022 Aurora Proprietary 15
Slide 16: We continue to collaborate closely with our OEM partners
We continue to collaborate closely with our OEM partners in preparation for the delivery of scalable, autonomy-enabled truck platforms to support our commercial launch ©2022 Aurora Proprietary 16
Slide 17: Aurora
Aurora