Arrival SPAC Presentation Deck

FINANCIALS AND TRANSACTION OVERVIEW Industry-leading financial profile High volume and revenue growth Supported by $1.2 Billion in orders¹ and notable commercial and strategic partnerships Significant interest in bus sector Further upside potential from taxi and small vehicle sales Low cost model Early projected profitability even at low volumes A benefit from flexible and scalable cell-based assembly and lean company setup without legacy costs Strong cash generation Driven by anticipated high profitability Higher margin vehicles vs. traditional approach Low CapEx requirements for cell-based Microfactories - Expected to be cash positive in 2023 Note: Financial data and orders converted via spot Euro to USD exchange rate as of Aug 17, 2020 of 1.1863. 1) Includes option to order additional 10,000 units. Primarily includes order from UPS, that can be cancelled or modified. 2) EBITDA less CapEx is projected to be ($292) in 2021P and turn positive beginning March 2023. INVESTOR PRESENTATION Revenue (USD M) US$1,009 2022P EBITDA (USD M) US$60 2022P EBITDA less CapEx (USD M)² (US$409) 2022P US$5,099 2023P US$1,115 2023P US$176 2023P US$14,135 2024P US$3,243 2024P US$1,400 2024P 39 CONFIDENTIAL - ARRIVAL SARL

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