Aeva's Pitch Deck for Next-ADAS and AV

Valuation Benchmarking EV/CY2021 (CY+1) Revenue 2.0x AEVA 2025 EV/CY2021 (CY+1) EBITDA 5.2x AEVA 2025 16.4x Overall Median: 12.4x - Median: 12.4x 8.4x NVIDIA® XXILINX Overall Median: 36.6x I Median: 29.9x 33.2x 26.7x NVIDIA. XXILINX Median: 13.9x Median: 3.1x 21.7x AEVA 8.1x 6.1x 3.5x 2.8x 0EILEE Ambarella LUMINAR 20252 Velodyne 20243 TESLA 20171 Median: 54.0x 68.0x 40.1x Ambarella MOBILEYEⓇ 20171 1 Mobileye financials dated to pre-announcement unaffected date of March 10, 2017. 2 Luminar investor presentation as of September 30, 2020. 3 Velodyne projections as per investor presentation as of July 1, 2020. Sources: Factset, Capital IQ as of October 30, 2020, Company filings Median: 10.4x 42.3x 12.8x 7.9x Velodyne 20243 LUMINAR 20252 TESLA Computing Platforms Vision Based Traditional LiDAR Disruptive Autotech 33

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