#1ARRIVAL Q1 2022 EARNINGS CALL#2Arrival Management Team Today's Speakers Denis Sverdlov Founder & CEO Avinash Rugoobur President Mike Ableson CEO Automotive John Wozniak CFO#3Disclaimer: Safe Harbour statement Before we begin, I'd like to remind everyone that certain statements made on this call today are forward-looking statements. These statements are subject to various risks and uncertainties, and reflect our current expectations based on our beliefs, assumptions and the information currently available to us. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that occur after this call. Descriptions of these factors and other risks that could cause actual results to differ materially from these forward-looking statements are discussed in more detail in our filings with the SEC and our First Quarter 2022 earnings release issued today on the 10th of May. During the call, we also refer to certain non-IFRS financial measures. This should be considered in addition to and not as a substitute for or in isolation from our IFRS results. For further information please refer to our investor relations website at investors.arrival.com#4Bus certification: Achieved - Van certification: Passed over 70% of tests - Skateboard + Hoop + Cabin assembly in Microfactory - Re-confirm start of production in Q3#5- Commenced first phase of trials with First Bus drivers and technicians - Public passenger trials expected to commence shortly Trials to last 3-6 months —#6- 70% of Van certification passed - Crash test passed - Reconfirmed certification expected in Q2#7Non-binding LOIs and Orders increased to c.143k vehicles NON-BINDING LOIS AND ORDERS ¹ ARRIVAL NON-BINDING LOIS AND ORDERS BY VEHICLE TYPE VAN 96% c.143k 1) SOURCE: COMPANY ESTIMATES AS OF MAY 2022: TOTAL NON-BINDING LOIS AND ORDERS INCLUDES UPS 10K ORDER AND OPTION FOR ADDITIONAL 10K VEHICLES. VAN VOLUMES INCLUDE LARGE VAN. ALL REFERENCES TO LOIS AND ORDERS ARE NON-BINDING AND SUBJECT TO CANCELLATION AND MODIFICATION AT ANY TIME. BREAKDOWN OF LOIS AND ORDERS BY REGION ASSUMES UPS ADDITIONAL 10K OPTION TO HAVE SAME REGIONAL BREAKDOWN AS FIRST 10K BUS 2% CAR 2% ARRIVAL NON-BINDING LOIS AND ORDERS BY REGION EUROPE 25% AMERICAS 73% REST OF WORLD 2%#8- Attended SXSW and held Van media day in NYC - Van touring multiple US cities - Avinash Rugoobur due to speak at TechCrunch Mobility on 19th May with the Arrival Van and Car on show - Key focus for remainder of 2022 is order conversion#9Arrival developed technologies enable Microfactories AFFIVAL Composite materials - No paint shop - No stamping - Repair logistics Factory software T - - All factories synchronous updates New features Data: improve efficiency, path planning etc. In-house components Unique grid architecture Shared across vehicles Pick & place Robotic friendly Technology cells - Robotic assembly - Adaptable to multiple vehicles - Off the shelf robots Mobile Robotics (AMRs) - Fully autonomous - Dynamic movement Vehicle systems 1 No welding Defined part interfaces#10- Bus is the first vehicle to achieve certification Benefits to future vehicle programs from shared components developed in-house —#11Van certification: Over 70% passed including crash testing - Target completion in Q2 2022 - Already driving on UK public roads#12Updated target milestones VAN MILESTONES 1. Final prototype Van build 2. Van certification 3. Bicester equipment installation 4. Public road trials 5. Bicester / Charlotte Van SOP EXPECTED TIMING Achieved Q2 2022 Q2 2022 Q2 2022 Q3/Q4 2022 BUS MILESTONES 1. Trial Bus production 2. Proving ground trials 3. Bus certification 4. Phased trials with First Bus 5. UK production of saleable Buses EXPECTED TIMING Achieved Achieved Achieved Commenced H2 2022#13Microfactory validation Installed all production technology cells - Assembled hoop (cargo) and cabin structures on skateboard chassis Continue to expand the range of parts and assemblies performed – Confidence in our microfactory method#14Charlotte Microfactory update: - Long lead equipment ordered, replica of Bicester - Installation to begin in summer - Accelerated commissioning feature of Arrival's unique method EXTERIOR OF CHARLOTTE MICROFACTORY EXTERIOR OF CHARLOTTE MICROFACTORY#15AMRs: - In-house production started Continuously upgrading technology: new version with lifting capabilities —#16- Changing reporting currency to USD#17$10.4m Q1 2022 LOSS $1.15bn¹ Q1 2021 LOSS INCLUDING $1.2BN NON-CASH CHARGE RELATED TO THE MERGER BETWEEN ARRIVAL AND CIIG SOURCE: ARRIVAL FINANCIALS 1) AS A RESULT OF THE CONCLUSION OF THE MERGER WITH CIIG, ARRIVAL ISSUED SHARES AND WARRANTS TO CIIG SHAREHOLDERS, COMPRISED OF THE FAIR VALUE OF THE COMPANY'S SHARES THAT WERE ISSUED TO CIIG SHAREHOLDERS OF $ 1,591.0 MILLION AS WELL AS THE FAIR VALUE OF THE COMPANY'S WARRANTS OF $208.6 MILLION. IN EXCHANGE, THE COMPANY RECEIVED THE IDENTIFIABLE NET ASSETS HELD BY CIIG, WHICH HAD A FAIR VALUE UPON CLOSING OF $631.1 MILLION. THE EXCESS OF THE FAIR VALUE OF THE EQUITY INSTRUMENTS ISSUED OVER THE FAIR VALUE OF THE IDENTIFIED NET ASSETS RECEIVED, REPRESENTS A NON-CASH EXPENSE IN ACCORDANCE WITH IFRS 2 THIS ONE-TIME EXPENSE AS A RESULT OF THE TRANSACTION, IN THE AMOUNT OF $1,168.5 MILLION, IS RECOGNISED AS A SHARE LISTING EXPENSE PRESENTED AS PART OF THE OPERATING RESULTS WITHIN THE CONSOLIDATED STATEMENT OF PROFIT OR LOSS. LISTING EXPENSE ALSO INCLUDES $19.8 MILLION OF OTHER RELATED TRANSACTION EXPENSES.#18$66.9m Q1 2022 ADJUSTED EBITDA LOSS $31.1m Q1 2021 ADJUSTED EBITDA LOSS SOURCE: ARRIVAL FINANCIALS#19$54.2m $27.7m Q1 2022 NON-CAPITALISED R&D EXPENSES Q1 2022 ADMINISTRATIVE EXPENSES $43.4m Q1 2021 ADMINISTRATIVE EXPENSES SOURCE: ARRIVAL FINANCIALS $11.5m Q1 2021 NON-CAPITALISED R&D EXPENSES#20$99.1m Q1 2022 CAPEX $49.8m Q1 2021 CAPEX SOURCE: ARRIVAL FINANCIALS#21$735m CASH AND CASH EQUIVALENTS 31 MARCH, 2022 SOURCE: ARRIVAL FINANCIALS#22Reconfirmed outlook for 2022 Continue to expect Van production to begin in Bicester in Q3 and in Charlotte in Q4 and expect to produce 400-600 vans in 2022 - Expect adjusted EBITDA loss of $185-225 million and Capex of $380-420 million for 2022. This range assumes $225m of capitalised R&D, $100m of Microfactory Capex and $75m of tooling at the midpoint Cash on hand to achieve SOP with end 2022 target of $150m-250m - Continue to see increases in costs due to inflation SOURCE: ARRIVAL FINANCIALS#23Targeted Microfactory Unit Economics $ ми Low capex relative to industry 6 months from site readiness to production Production volume = 10,000 vehicles x # of Microfactories Production investment = $50M² x # of Microfactories ILLUSTRATIVE UNIT ECONOMICS FOR VAN MICROFACTORY Production Capacity Capex Required Gross Margin per Microfactory / year³ 50% OF ALL ARRIVAL EMPLOYEES' LONG TERM COMPENSATION TIED TO GROSS MARGIN AND MICROFACTORY VOLUME TARGETS 1) SOURCE: COMPANY DATA. REPRESENTATIVE VAN FACTORY FOR INITIAL TARGET MARKETS (WESTERN EUROPE / NORTH AMERICA) 2) TARGET CAPEX 3) GROSS MARGIN INCLUDING MICROFACTORY OPEX. EXCLUDES MAINTENANCE AND WARRANTIES LONG-TERM TARGET 10,000 vans $50M $100M#24Radical change required for how vehicles are designed and produced#25- Certification progress key highlight of progress YTD - Unique method and in-house developed components drives shared benefits to future programs#26- Achieved significant progress with our unique method using Microfactories Core technologies have been commissioned and are being tested#27Key focus for 2022 SOP target Q3 in Bicester and Q4 in Charlotte - Expect to produce 400-600 Vans —#28THANK YOU 10/05/2022 PRIVATE & CONFIDENTIAL - ARRIVAL