Arrival

Well, hello, everyone, and welcome to Arrival's third quarter 2021 earnings webinar. My name is Kelsey, and I will be your operator today. But before I hand the webinar over to the Arrival team, I'd like to go over just a few housekeeping notes for the program. As a reminder, this webinar is being recorded. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, please use the raise hand function located at the bottom of your screen. If you plan to ask a question, please ensure you've set your Zoom name to display your full name and firm. We thank you for your attendance today, and now I will turn the webinar over to Mitesh Soni and Best Relations for Arrival. Mitesh, over to you.

Thank you all for joining us today for Arrival's third quarter 2021 financial results. My name is Mitesh Soni, VP of Investor Relations, and with me today is Dennis Spedloff, Arrival CEO, Avinash Raghubur, President, Mike Abelson, CEO of Automotive, and John Wozniak, 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. Description 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. 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. With that in mind, I'll turn it over to Dennis.

Thank you, Mitesh, and thanks to everyone for joining us today. We are on a mission to replace all vehicles to electric. I would like to use this opportunity to remind everyone that Arrival is unique. It is not an automotive business. It is a platform technology business. We have invested in enabling technologies, software, components, materials, robotics, and microfactories that provide strong competitive advantages for us. We are doing things that have never been done before and expect our powerful technologies will change the fundamentals of automotive industry. These transformative technologies are coming together in our first micro factories and we like what we see. 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. We have hosted a number of events around the world where customers were able to experience our van firsthand. The car is progressing well and its exterior is developed to the level where we are happy to share it today. Start of production for the bus and the van are unchanged. We are currently developing five vehicle platforms, van, large van, bus, bus for emerging markets and car. But to achieve our mission to replace all vehicles with electric, we want to create tens of vehicle platforms and produce them in hundreds of micro factories. We have revised our 22 expectations with a more conservative view. However, I'm very confident we are well positioned for significant growth in the next several years. We believe that the size of our business will be defined by the number of micro factories we deploy, and the number of micro factories is primarily defined by the capital we have access to. It could be tens of micro factories or hundreds, and for this reason, we withdraw our long-term forecasts. We have over 2,400 employees who share Ravel mission and values and have a strong sense of purpose. With that overview, let me now hand over to Avinash, President of Ravel.