Arrival Results Presentation Deck

Q4 2022 Update March 2023 Liquidity & Cost Control Initiatives Cost Control & Reduction Measures Further reducing salaries and opex spend to target not more than $35M / quarter Will achieve 50% headcount reduction of 800 employees by the end of March Simplifying global entity and real estate footprint to focus on the U.S. market Implemented a hiring freeze, spending freeze and restrictions on new purchase commitments Liquidity Improvements Secured a $50M capital commitment from Antara in February Will reduce debt by $121.9M through a debt-for-equity transaction Established an equity financing line of $300M with Westwood Capital *

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