Arrival

Hello, everyone, and welcome to Arrival's fourth quarter and full year 2021 earnings webinar. My name is Megan, and I will be your operator today. Before I hand the call 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. Thank you for your attendance today. I will now turn the call over to Mitesh Soni, Investor Relations, for Arrival.

Thank you all for joining us today to discuss the Rivals' fourth quarter and full year 2021 financial results. My name is Mithir Chakroni, VP of Investor Relations, and with me today is Dennis Redloff, CEO, Abhinav Ragubur, President, Mike Abelson, CEO of Automotive, and John Wozniak, CFO. 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 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 investitsourarrival.com. With that in mind, I'll turn it over to Dennis.

Thank you, Mitesh, and thanks to everyone for joining us today. We at Arrival are on the mission to make the air clean by replacing all vehicles with electric. Before we get into the details of our earning call, I would like to show you an important achievement in our progress with our van skateboard structure being assembled in the Microfactory using in-house developed robotics hardware and software. This milestone proves our new method to design and assemble vehicles is working. With that, I want to remind everyone why Aravel is unique. We address large and expanding total addressable markets All vehicles will be replaced with electrics. Demand is huge. The total automotive market for all vehicle classes will be approximately 100 million vehicles per year. We target to have more than 100 microfactors over time equivalent to 1 million vehicles per year. Our initial focus is commercial vehicles but we believe this method can produce all vehicle types. Arrival aims to create vehicles with best-in-class attributes and user experience. Our target is to be number one in TCO which is the number one first criteria for fleet customers and number one in vehicle uptime. We believe our microfactories are a superior method, enabled by hardware, software, materials, and next-gen robotics. Our breakable components, software and data, significantly increases the life of vehicle and revenue potential. Plot work we have developed helps to accelerate time for market for new models and variants. 2021 was a transformative year, and we accomplished a lot, including remarkable progress in development, of our enabling technologies, micro factories, vehicle platforms, new materials, components, software, and new-gen robotics. Becoming a public company, started proving ground testing and validation for bus and van, advanced relationship with global companies such as UPS, LeasePlan, Microsoft, and others, and set up service network in the US, Europe, and United Kingdom. Looking ahead, our priority for the year is self-production of bus and van, and delivering the highest quality vehicles possible. With that over you, let me now hand over to Avinash, President of Riley.