#1ARRIVAL Q4 AND FY 21 PRELIMINARY FINANCIAL RESULTS Q4 2021 \ ARRIVAL#2Arrival Management Team Today's Speakers Denis Sverdlov Founder & CEO Avinash Rugoobur President Mike Ableson CEO Automotive John Wozniak CFO Q4 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 Fourth Quarter 2021 preliminary earnings release issued today on the 2nd of March. 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 Q4 2021 \ ARRIVAL#4ARRIVAL IS ON A MISSION TO MAKE AIR CLEAN BY REPLACING ALL VEHICLES WITH AFFORDABLE ELECTRIC SOLUTIONS PRODUCED BY LOCAL MICROFACTORIES Q4 2021 \ ARRIVAL#5Arrival targeted benefits – Large and expanding TAM - Huge demand for fleet electrification - Targeting 100 Microfactories over time equating to 1 million vehicles¹ 1) ILLUSTRATIVE CALCULATION ASSUMING EACH FACTORY PRODUCES 10,000 VEHICLES Q4 2021 \ ARRIVAL#6Arrival targeted benefits - Best in class product attributes and TCO - Our commercial focus on fleets drives us to be #1 in TCO #1 in vehicle uptime Q4 2021 \ ARRIVAL#7Arrival targeted benefits - Software-defined factories - Microfactories are enabled by hardware, software, materials and next gen robotics - We are proving our New Method now, which is a difficult process for competitors to copy Q4 2021 \ ARRIVAL#8Arrival targeted benefits - Upgradeable software and hardware - Significantly increases the life of vehicle and revenue potential Q4 2021 \ ARRIVAL#9Arrival targeted benefits Platforms we have developed help to accelerate time to market for new models and variants - Q4 2021 \ ARRIVAL#102021 achievements - Progressed enabling technologies: Microfactories, Vehicle Platforms, Materials, Components, Software, Robotics - Became a public company and we have raised a total of $648m¹ - Started proving ground testing and validation for Bus and Van - Advanced relationships with global companies - Set up our service network in the US, Europe and UK 1) TOTAL APPROXIMATE PROCEEDS THROUGH A $338 MILLION SECONDARY OFFERING OF THE COMPANY'S SHARES AND THE ISSUANCE OF $310 MILLION IN CONVERTIBLE GREEN BONDS, AFTER DEDUCTING THE INITIAL PURCHASERS' DISCOUNT BUT BEFORE OFFERING EXPENSES Q4 2021 \ ARRIVAL#11Globally recognized customers and partners CUSTOMERS ¹ ups ✔ First LeasePlan ATN Anaheim Transportation Network STRATEGIC PARTNERS Microsoft Uber HYUNDAI HITACHI ST life.augmented Ambarella™ 1) EXAMPLE CUSTOMERS WHO HAVE SIGNED NON-BINDING LOIS AND ORDERS. ALL ORDERS/LOIS ARE SUBJECT TO CANCELLATION AND MODIFICATION AT ANY TIME" SERVICE NETWORK PARTNERS Amerit KwikFit> FLEET SOLUTIONS Q4 2021 \ ARRIVAL BRIDGESTONE RIVUS FLEET SOLUTIONS ARC (európe Group NAPA AUTO PARTS V Valvoline.#12Our priority this year is production of Bus and Van Arr VAL ARRIVAL Cleaner Cities Powered by Arrival Q4 2021 \ ARRIVAL ARRIVAL#13The market continues to support a rapid shift to EVs - US Bipartisan Infrastructure Bill brings $4bn for zero emission transit buses - President Biden's Executive Order committing the US to Net Zero by 2050 with 100% new vehicles to be EVs by 2035 - UK's Bus Back Better program includes £3bn of funding - Global shift presents unique opportunity for Arrival to enter new markets rapidly with Microfactory method Q4 2021 \ ARRIVAL#14Demand for our vehicles continues to accelerate; LOIs have doubled to c.134k NON-BINDING LOIS AND ORDERS ¹ ARRIVAL LOIS BY VEHICLE TYPE CAR 2% BUS 6% c.134k 1) SOURCE: COMPANY ESTIMATES AS OF MARCH 2022: TOTAL LOIS/ ORDERS INCLUDES 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 VAN 92% ARRIVAL VAN, BUS AND CAR COMBINED LOIS BY REGION EUROPE 31% REST OF WORLD 5% Q4 2021 \ ARRIVAL AMERICAS 64%#15First Bus has submitted ZEBRA¹ funding applications, which would potentially introduce up to 193 of Arrival's new electric buses to their fleet As part of our commitment to support First Bus' goal of a zero emission fleet by 2035, we have decided to produce vehicles in the UK 1) ZERO EMISSION BUS REGIONAL AREAS CLEAN AIR POWERED BY ARRIVAL Q4 2021 \ ARRIVAL#16Feedback from First Bus "Over the past five years First Bus and Arrival have been on a journey together to perfect an innovative product that seizes the opportunities of the advancement in zero emission technology. We are delighted that this partnership is beginning to bear fruit to deliver an innovative solution that will benefit our customers and employees. It is very encouraging to see what this progressive partnership can deliver as we move towards having a zero-emission fleet by 2035" Janette Bell, First Bus MD Q4 2021 \ ARRIVAL#17Supply Chain & Logistics Update - Unfortunately, we've started to see some delays in parts and equipment delivery - While these delays have not yet affected our SoP timing, we will watch these areas closely in the coming months Q4 2021 \ ARRIVAL#18Arrival's software ecosystem Software is woven into everything we do We develop the majority of vehicle components as well as all vehicle control software, turning our vehicles into smart devices on wheels Q4 2021 \ ARRIVAL#19Extensive telemetry coupled with machine learning intelligence - Deep insights New feature development - Improved uptime - Reduced Total Cost of Ownership Q4 2021 \ ARRIVAL#20Our in-house software ecosystem has 4 key objectives Deliver best-in-class digital services and data to our customers - Continuously improve our existing products - Tools to rapidly bring new products to market - Optimize our production process to generate efficiency gains Q4 2021 \ ARRIVAL#21Best in class digital services for customers include a mobile app, in-vehicle touchscreen controls and extensive vehicle telemetry available in the cloud Q4 2021 \ ARRIVAL#22Commercial vehicles are high utilization vehicles Considerably more miles than passenger vehicles - More data collected per vehicle - Control over hardware and software for — continuous improvements - Significant revenue upside Q4 2021 \ ARRIVAL#23Supply chain and logistics update - Delays in selected parts and equipment delivery - While these delays have not yet affected our SOP timing, we will watch these areas closely in the coming months Q4 2021 \ ARRIVAL#24Updated target milestones BUS MILESTONES 1. Trial Bus production 2. Proving ground trials 3. Bus Certification 4. Public road trials 5. UK production of saleable Buses EXPECTED TIMING Achieved Achieved Q1 2022 Q1 2022 H2 2022 VAN MILESTONES 1. Public road trials 2. Final prototype Van build 3. Bicester equipment installation 4. Full product certification 5. Bicester/Charlotte Van SOP Q4 2021 \ ARRIVAL EXPECTED TIMING Q1 2022 Q1 2022 Q2 2022 Q2 2022 Q3/Q4 2022#25Started building final prototype versions of Bus and Van which are used for trials, testing and certification prior to production Q4 2021 \ ARRIVAL#263 Buses in testing with 2 at IDIADA¹ in Spain and 1 in the UK with further 6 being built in Banbury Target completing Bus Certification in Q1 2022 1) INSTITUT D'INVESTIGACIO APLICADA DE L'AUTOMOBIL Q4 2021 \ ARRIVAL#2720 prototype Vans in initial testing and demonstration to customers Completed first pre-production Van for European certification testing with another 11 planned for use in the UK, EU and US with a focus on achieving our target of certification in Q2 2022 Q4 2021 \ ARRIVAL#28In summary we continue to deploy our capital and manufacturing capacity to those regions and products where we see the strongest customer demand Q4 2021 \ ARRIVAL#29c.$42-52m €37-46m Q4 2021 LOSS c.$40m €34m Q4 2020 LOSS SOURCE: ARRIVAL PRELIMINARY FINANCIALS EXCHANGE RATE FOR THE QUARTERS ENDED DECEMBER 2021 AND DECEMBER 2020 BASED ON AVERAGE DAILY EUR/USD OF 0.8745 FROM OCTOBER 1, 2021 TO DECEMBER 31, 2021 AND 0.8387 FROM OCTOBER 1, 2020 TO DECEMBER 31, 2020 RESPECTIVELY. Q4 2021 \ ARRIVAL#30c.$56-66m €49-58m Q4 2021 ADJUSTED EBITDA LOSS c.$44m €37m Q4 2020 ADJUSTED EBITDA LOSS SOURCE: ARRIVAL PRELIMINARY FINANCIALS EXCHANGE RATE FOR THE QUARTERS ENDED DECEMBER 2021 AND DECEMBER 2020 BASED ON AVERAGE DAILY EUR/USD OF 0.8745 FROM OCTOBER 1, 2021 TO DECEMBER 31, 2021 AND 0.8387 FROM OCTOBER 1, 2020 TO DECEMBER 31, 2020 RESPECTIVELY. Q4 2021 \ ARRIVAL#31SOURCE: ARRIVAL PRELIMINARY FINANCIALS 637 million shares outstanding as of December 31, 2021 Q4 2021 \ ARRIVAL Weighted average shares outstanding for Q4 2021 of 612 million#32c.$90-100m €79-88m Q4 2021 CAPEX c.$56m €47m Q4 2020 CAPEX SOURCE: ARRIVAL PRELIMINARY FINANCIALS EXCHANGE RATE FOR THE QUARTERS ENDED DECEMBER 2021 AND DECEMBER 2020 BASED ON AVERAGE DAILY EUR/USD OF 0.8745 FROM OCTOBER 1, 2021 TO DECEMBER 31, 2021 AND 0.8387 FROM OCTOBER 1, 2020 TO DECEMBER 31, 2020 RESPECTIVELY. Q4 2021 \ ARRIVAL#33Raised c.$648m of financing 1) TOTAL APPROXIMATE PROCEEDS THROUGH A $338 MILLION SECONDARY OFFERING OF THE COMPANY'S SHARES AND THE ISSUANCE OF $310 MILLION IN CONVERTIBLE GREEN BONDS, AFTER DEDUCTING THE INITIAL PURCHASERS' DISCOUNT BUT BEFORE OFFERING EXPENSES Q4 2021 \ ARRIVAL#34c.$905m CASH AND CASH EQUIVALENTS 2021 (€796M) 31 DECEMBER, 2021 1) SOURCE: ARRIVAL PRELIMINARY FINANCIALS EXCHANGE RATE AS OF DECEMBER 31, 2021 BASED ON EUR/USD OF 0.8793 ON DECEMBER 31, 2021. Q4 2021 \ ARRIVAL#35c.$1.3bn €1.1bn FY 2021 LOSS c.$95m €83m FY 2020 LOSS SOURCE: ARRIVAL PRELIMINARY FINANCIALS EXCHANGE RATE FOR THE YEARS ENDED DECEMBER 2021 AND DECEMBER 2020 BASED ON AVERAGE DAILY EUR/USD 0.8458 FROM JANUARY 1, 2021 TO DECEMBER 31, 2021 AND 0.8774 FROM JANUARY 1, 2020 TO DECEMBER 31, 2020 RESPECTIVELY. Q4 2021 \ ARRIVAL#36c.$178-188m €150-159m FY 2021 ADJUSTED EBITDA LOSS c.$93m €81m FY 2020 ADJUSTED EBITDA LOSS SOURCE: ARRIVAL PRELIMINARY FINANCIALS EXCHANGE RATE FOR THE YEARS ENDED DECEMBER 2021 AND DECEMBER 2020 BASED ON AVERAGE DAILY EUR/USD 0.8458 FROM JANUARY 1, 2021 TO DECEMBER 31, 2021 AND 0.8774 FROM JANUARY 1, 2020 TO DECEMBER 31, 2020 RESPECTIVELY. Q4 2021 \ ARRIVAL#37c.$315-325m €267-275m FY 2021 CAPEX c.$122m €107m FY 2020 CAPEX SOURCE: ARRIVAL PRELIMINARY FINANCIALS EXCHANGE RATE FOR THE YEARS ENDED DECEMBER 2021 AND DECEMBER 2020 BASED ON AVERAGE DAILY EUR/USD 0.8458 FROM JANUARY 1, 2021 TO DECEMBER 31, 2021 AND 0.8774 FROM JANUARY 1, 2020 TO DECEMBER 31, 2020 RESPECTIVELY. Q4 2021 \ ARRIVAL#38Full financial statements to be released on April 8th, 2022 Q4 2021 \ ARRIVAL#392022 Outlook - Expect adjusted EBITDA loss of $185-225 million and Capex of $380-420 million for 2022 - Targeting end of 2022 cash balance of $150-250 million - Continue to expect Van production to begin in Bicester in Q3 and in Charlotte in Q4 and expect to produce and sell 400-600 vans - For Bus we will be building saleable buses in the UK and expect the majority of these will be used in trials in 2022 - Priority is completing vehicle certification, starting production with our unique method and ensuring the highest possible quality for our first vehicles SOURCE: ARRIVAL PRELIMINARY FINANCIALS Q4 2021 \ ARRIVAL#40Targeted Microfactory Unit Economics¹ S Low capex relative to industry Production volume = 10,000 vehicles x # of Microfactories 6 months from site readiness to production 7.3 N 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 Gross Margin per Microfactory / year³ 50% OF ALL ARRIVAL EMPLOYEES' LONG TERM COMPENSATION TIED TO GROSS MARGIN TARGETS Q4 2021 \ ARRIVAL LONG-TERM TARGET 10,000 vans $50m $100m#41Arrival is an attractive business - We see large growing demand as we start production this year and will deliver the first vehicles to our customers - We have significant revenue upside from data and digital services - Our microfactory approach allows us to scale rapidly to 100s of microfactories with the flexibility to produce many vehicle types - We are very well positioned for accelerated growth as we ramp production and scale our microfactories Q4 2021 \ ARRIVAL#42Conclusion 1. Large addressable market supported by accelerated tailwinds 2. Demand accelerated as LOls doubled to c.134k 3. Initial bus production in UK to support potential demand from one of the largest UK bus operators 4. Van will start production in Q3 in Bicester and Charlotte in Q4 5. Software ecosystem is pervasive, generates revenue and lowers TCO 6. This year we will produce vehicles from our Microfactories and deliver to customers Q4 2021 \ ARRIVAL