Aeva's Pitch Deck for Next-ADAS and AV
Attractive Margin and Free Cash Flow Profile
Highly profitable business model demonstrated by healthy margins
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Aeva system is composed of 3 core components, each is already being
produced based on proven high volume semiconductor processes providing
high visibility into production COGS.
Significant operating leverage from R&D, S&M and G&A
Breakeven profitability and free cash flow in 2024
Leveraging world's top manufacturing partners for production and
distribution
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Existing partnerships for key component production including with leading
Semiconductor foundries on proven processes for telecom
Manufacturing and distribution partnership with top Tier-1s for Automotive
(e.g. ZF) and other contract manufacturing partners enable scale across all
four verticals
Resulting in no manufacturing CapEx
Foundational technology platform drives mass adoption of Aeva perception
solutions across devices
Same silicon photonics technology validated by Automotive requirement
enables broad adoption into Consumer Electronics, Industrial and Security
Scaling of feature set possible at core component level for cost-optimized
solutions
Additional revenue opportunity with new software feature set with OTA
updates leveraging Aeva's unique 4D data.
Estimated Gross Profit
$552
Total gross profit
% margin
62%
63%
53%
57%
43%
$177
$3
$5
$19
$43
2021E
2022E
2023E
2024E
2025E
Gross Profit ($MM)
2020E
Adjusted EBITDA
Adj. EBITDA
($MM)
EBITDA Margin
7%
39%
$347
$21
($27)
2020E
($65)
2021E
($82)
2022E
($88)
2023E
2024E
2025E
Estimated Free Cash Flow
Adj. EBITDA Less
CapEx ($MM)
$15
$343
AEVA
% Margin
($28)
($69)
($91)
($100)
2020E
2021E
2022E
2023E
2024E
2025E
27
1Adjusted EBITDA defined as Operating Income (Loss) plus Depreciation and Amortization and stock based compensation; Free Cash Flow defined as Adjusted EBITDA minus Capital Expenditures
Source: Aeva estimatesView entire presentation