#1ARRIVAL Q2 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 Second Quarter 2022 earnings release issued today on the 11th of August. 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#4DENIS SVERDLOV FOUNDER & CEO#5Bus and Van have been certified - Microfactory commissioning in progress with start of production in Bicester in Q3 - First deliveries planned for Q4#6The World continues to face a challenging economic environment with both new players and traditional OEMs facing supply chain issues, an ongoing pandemic, geopolitical tensions and rising costs.#7— Cash on hand was $513M at end of Q2 Started restructuring to reduce spend c.30% - Headcount - Bus Program spending deferred - SOP of Charlotte will move to 2023 - Postpone Van hard tooling Capex#8Focus on the Van Platform which makes up the majority of our order volume#9Defer investment in Bus Program to secure additional capital#10Charlotte Microfactory launch moved to 2023#11Start Van production on low-volume tooling#12Establishing an ATM platform of up to $300M - With ATM + the cost savings, we will have enough cash through at least 2023 — - ATM will enable us to hard tool Van parts and start production in Charlotte (US)#13AVINASH RUGOOBUR PRESIDENT#14Bus continues to be an important program and our relationship with First Bus remains strong Janette Bell, Managing Director for First Bus recounts, "First Bus has worked alongside Arrival on this journey for some time and has been impressed with the product they have developed. We remain keen to reignite the relationship once Arrival's Bus programme has resumed, working together to support our commitment to operating a zero-emission bus fleet by 2035."#15- Van has been certified and starting depot trials this quarter - Expect to deliver first vans to UPS before the end of year - MOUs and orders continue to grow to 149k and Sales team focused on conversion#16Non-binding MOUs and Orders increased to c.149k vehicles NON-BINDING MOUS & ORDERS ¹ MOUS 85% ORDERS 15% TOTAL NON-BINDING MOUS AND ORDERS BY VEHICLE TYPE VAN 95% 3 BUS 3% CAR 2% 1) SOURCE: COMPANY ESTIMATES AS OF JULY 2022: TOTAL NON-BINDING MOUS AND ORDERS INCLUDES UPS 10K ORDER AND OPTION FOR ADDITIONAL 10K VEHICLES. VAN VOLUMES INCLUDE LARGE VAN. ALL REFERENCES TO MOUS AND ORDERS ARE NON-BINDING AND SUBJECT TO CANCELLATION AND MODIFICATION. BREAKDOWN OF NOUS AND ORDERS BY REGION ASSUMES UPS ADDITIONAL 10K OPTION TO HAVE SAME REGIONAL BREAKDOWN AS FIRST 10K ARRIVAL NON-BINDING MOUS AND ORDERS BY REGION EUROPE 27% AMERICAS 719 REST OF WORLD 2%#17Bicester (UK) Microfactory - We have 200 sets secured and being delivered ready for SOP - Focus on one product, one factory, one shift - Many parts are soft tooled - low volume and more expensive – Focus on initial ramp up, cost and quality of production#18Charlotte (US) Microfactory - Replanned for 2023 Production efficiencies from Bicester - - Designed to produce both L and XL Van - Inflation Reduction Act will bring tax credits and charging infrastructure to commercial EVS in the U.S.#19JOHN WOZNIAK CFO#20- Jan 1, 2022 - changed reporting from EUR to USD - SEC Filing to recast 2021 full year financial statements and footnotes into USD Filing USD financial statements and footnotes for the 1H 2022 -#21FINANCIAL RESULTS Loss Adjusted EBITDA loss Administrative Expenses Non-capitalized R&D expenses CAPEX Ending Cash and cash equivalents (30 June 2022) SOURCE: ARRIVAL FINANCIAL Q2 2022 $90M $76M $82M $33M $95M $513M Q2 2021 $56M $41M $36M $12M $79M $735M#22Outlook for second half of 2022 - Reaffirming SOP in Bicester this quarter with parts for up to 200 vehicles - Expect to deliver approximately 20 vehicles to customers in Q4 Given transit times and entering our customer's holiday period, we do not expect revenue this year - Expect adjusted EBITDA loss of $175-195 million and Capex of $40-60 million for 2022, reflecting the new cost structure and deferral of hard tooling and Charlotte capex - Ending cash in the range of $300-350 million assuming ATM proceeds of $90 million in 2022 Continue to expect to opportunistically consider additional sources of capital. SOURCE: ARRIVAL FINANCIALS#23Targeted Microfactory Unit Economics S Low capex relative to industry Production volume = 10,000 vehicles x # of Microfactories 6 months from site readiness to production IN Production investment = $50M² x # of Microfactories 1) REPRESENTATIVE VAN FACTORY FOR INITIAL TARGET MARKETS (WESTERN EUROPE / NORTH AMERICA) 2) TARGET CAPEX 3) GROSS MARGIN INCLUDING MICROFACTORY OPEX. EXCLUDES MAINTENANCE AND WARRANTIES ILLUSTRATIVE UNIT ECONOMICS FOR VAN MICROFACTORY Production Capacity Capex Required Cash Required Gross Margin per Microfactory / year³ LONG-TERM TARGET 10,000 vans $50m $100m $100m 50% OF ALL ARRIVAL EMPLOYEES LONG TERM COMPENSATION TIED TO GROSS MARGIN AND MICROFACTORY VOLUME TARGETS *#24DENIS SVERDLOV FOUNDER & CEO#25Arrival's enabling technologies In-house components & Software - Device Software Platform - Unique grid architecture. - Shared across vehicles - Robotic friendly - Upgradeable in both hardware and OTA software - Unique Data sets Composite materials No paint shop - No stamping - Durability - Low Tooling Cost - Cost Efficient Repair - 100% Recyclable - A-Class Finish Mobile Robotics (AMRs) - Fully autonomous - Virtual link Cluster Mode - Able to carry 2-tonnes each - In built safety systems - Multiple use cases Software-Defined Microfactory STRIA - Software Defined Factories - Continuous optimisations - Orchestration of globally deployed Microfactories - Universal Robotic assembly designed to build multiple product types Vehicle systems - Software Platform for Engineering -Purpose designed commercial vehicles - Multiple variants possible - Reusable Vehicle Systems - Unique Design (No welding) - Designed to be built in microfactories#26Our ambition is to produce multiple vehicle platforms in a hundred microfactories, each producing over $100M of margin per annum, equating to 1M vehicles and $10B per year margin.#27Arrival invented radically better method to design and produce electric vehicles which sets us apart from the rest of the industry. It is enabled by proprietary hardware, software, materials and next gen robotics.#280+1#29New method to design and produce vehicles#30Thank you 11/08/2022 PRIVATE & CONFIDENTIAL - ARRIVAL