#1ARRIVAL Q3 2021 FINANCIAL RESULTS Q3 2021 \ ARRIVAL *#2Arrival Management Team Today's Speakers Denis Sverdlov Founder & CEO Avinash Rugoobur President Mike Ableson CEO Automotive John Wozniak CFO Q3 2021 ARRIVAL *#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 third quarter earnings release issued today on the 8th of November 2021. 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 Q3 2021 ARRIVAL *#4We are on a mission to replace all vehicles with electric Q3 2021 ARRIVAL *#5Q3 2021 ARRIVAL * ARRIVAL IS UNIQUE#6It is not an automotive business - It is a platform technology business Q3 2021 ARRIVAL *#7Q3 2021 ARRIVAL We have invested in enabling technologies - software, components, materials, robotics and Microfactories that provide a strong competitive advantage *#8Q3 2021 ARRIVAL We are doing things that have never been done before and expect our powerful technologies will change the fundamentals of the automotive industry *#9Q3 2021 ARRIVAL These transformative technologies coming together in our first Microfactories and we like what we see *#10Q3 2021 ARRIVAL Our first Bus to be used for validation has been completed which is an important milestone for the company and I can share it is a remarkable product *#11Q3 2021 ARRIVAL We have hosted a number of events around the world where customers were able to experience our Van first hand *#12Q3 2021 ARRIVAL The Car is progressing well and its exterior is developed to the level where we are happy to share it today *#13Start of production for the Bus and the Van are unchanged Q3 2021 ARRIVAL *#14AFTIVAL AFFIVAL 21 Downtow Stoke Newington ARVL BUS 276 Q3 2021 ARRIVAL 276 Stoke Newington East London#15To achieve our mission to replace all vehicles with electric we want to create 10s of vehicle platforms and produce them in 100s of Microfactories Q3 2021 ARRIVAL *#16We have revised our 2022 expectations with a more conservative view, however I am very confident we are well positioned for significant growth in the next several years. Q3 2021 ARRIVAL *#17We believe that the size of our business will be defined by the number of Microfactories we deploy and the number of Microfactories is primarily defined by the capital we have access to. It could be 10s of Microfactories or 100s and for this reason we withdraw our long term forecasts Q3 2021 ARRIVAL *#18We have over 2,400 employees who share Arrival's mission and values and have a strong sense of purpose Q3 2021 ARRIVAL *#19Flexible vehicle designs adaptable to global market NON-BINDING LOIS AND ORDERS c.64k BROKEN DOWN BY VEHICLE TYPE BUS 12% VAN 88% SOURCE: COMPANY ESTIMATES AS OF NOVEMBER 2021 TOTAL LOIS/ORDERS INCLUDE UPS 10K ORDER AND OPTION FOR ADDITIONAL 10K VEHICLES. VAN VOLUMES INCLUDE LARGE VAN. ALL REFERENCES TO ORDERS AND LOIS ARE NON-BINDING AND SUBJECT TO CANCELLATION AND MODIFICATION AT ANY TIME. BREAKDOWN OF LOIS BY REGION ASSUMES UPS ADDITIONAL 10K OPTION TO HAVE SAME REGIONAL BREAKDOWN AS ORIGINAL ORDER BROKEN DOWN BY REGION AMERICAS 46% REST OF WORLD 11% EUROPE 43% Q3 2021 ARRIVAL *#208 repair and maintenance partners in US and Europe Amerit FLEET SOLUTIONS ARC (europe Group BRIDGESTONE Bridgestone Retail Operations KwikFit> NAPA AUTO PARTS RIVUS FLEET SOLUTIONS Q3 2021 ARRIVAL Valvoline 7F *#21Rockhill SOP Q2 2022 - Bicester SOP Q3 2022 - Charlotte SOP Q4 2022 - 2022 vehicle priorities: Bus and Van I Q3 2021 ARRIVAL *#22Bus Trial Bus production Q4 2021 Proving ground trials Q4 2021 Rock Hill equipment installation Q4 2021 Certification and public road trials Q1 2022 Rock Hill Buses SOP Q2 2022 Van Public road trials Q1 2022 Final prototype Van build Q1 2022 Bicester equipment installation Q1 2022 Full product certification a2 2022 Bicester Vans SOP Q3 2022 Q3 2021 ARRIVAL *#23Microfactory latest schedule Rock Hill, US Bus Microfactory Start of Production: Q2 2022 Bicester, UK Van Microfactory Start of Production: Q3 2022 Charlotte, US Van Microfactory Q3 2021 ARRIVAL Start of Production: Q4 2022 *#24Bicester total Capex: c.$75M Rock Hill total Capex: c.$50M Q3 2021 ARRIVAL *#25We've also completed the first accelerated durability test for our Van, and have completed two of the European certification tests for Bus Q3 2021 ARRIVAL *#26We anticipate that Charlotte and other future Van Microfactories will have a more efficient footprint and improved processes as compared to Bicester. With the Microfactory method, we have the opportunity to further optimize each Microfactory as it's deployed. Charlotte will be the second version of our Van Microfactory process and we therefore expect total Capex there to be lower than Bicester. Q3 2021 ARRIVAL *#27The first battery module assembly facility will be in the UK and will support initial production at multiple Microfactories. To date we have already manufactured more than 1,850 high voltage battery modules to support our prototype builds. Q3 2021 ARRIVAL *#28€26m Q3 2021 LOSS €22m Q3 2020 LOSS Q3 2021 ARRIVAL *#29€40m Q3 2021 ADJUSTED EBITDA LOSS €18m Q3 2020 ADJUSTED EBITDA LOSS Q3 2021 ARRIVAL *#30€38m €9m Q3 2021 ADMINISTRATIVE EXPENSES €20m Q3 2020 ADMINISTRATIVE EXPENSES Q3 2021 ARRIVAL Q3 2021 NON CAPITALISED R&D EXPENSES €1m Q3 2020 NON CAPITALISED R&D EXPENSES *#31€81m Q3 2021 CAPEX €21m Q3 2020 CAPEX Q3 2021 ARRIVAL *#32Q3 2021 ARRIVAL ca $440m С CASH AND EQUIVALENTS (€381M) 30 SEPTEMBER, 2021 *#33- Expected Q4 2021 Capex: €110-120M Expected Q4 2021 adjusted EBITDA modestly higher than Q3 2021 - Q3 2021 ARRIVAL *#34Additional investments to make our business stronger Q3 2021 ARRIVAL *#35L23 45 1 Investments in R&D and tooling Bringing battery assembly and logistics in-house Pre-payments for battery cells Additional Selling, General and Administrative costs Price increases in certain raw materials Q3 2021 ARRIVAL *#36Q3 2021 ARRIVAL REVISED MICROFACTORY AND PRODUCTION SCHEDULE 1 Three Microfactories in 2022: Rock Hill, Bicester and Charlotte 2 3 Plan is to reach full capacity in early 2023 Revenue is expected to start in the second half of 2022 *#37REVENUE GROWTH FACTORS 1 Dependent on the number of Microfactories we can deploy and capital available to deploy them Status of our vehicle programs and our planned Microfactory rollout are key indicators of our progress Future volume mix to be weighted toward Van 2 Q3 2021 ARRIVAL 3 *#382022 adjusted EBITDA and Capex expected to be consistent with Q3 2021 annualized Q3 2021 ARRIVAL *#39FUTURE MICROFACTORY ATTRIBUTES 1 Total Capex per Microfactory of ca $50M Total Opex per Microfactory of ca $15M* 3 Optimize logistics costs as we scale WIT 2 *EXCLUDING LOGISTICS COSTS Q3 2021 ARRIVAL *#40Working capital is expected to improve as we scale Q3 2021 ARRIVAL *#41Arrival is unique. We believe our new method is superior and will change the fundamentals of the auto industry We re-confirmed our key milestones for the Bus and Van Arrival is not a traditional OEM, we are developing technology platforms that allow us to create multiple products and build them in local microfactories with relatively small resources Q3 2021 ARRIVAL *#42Arrival is on a mission to replace all vehicles with electric We continue to see strong, growing demand from customers all over the world The commercial vehicles market is in the beginning of an enormous and imperative transition and we believe we are coming to the market at the right time with our transformative new method of production and superior products Q3 2021 ARRIVAL *