Aeva Investor Presentation Deck

Valuation Benchmarking EV/CY2021 (CY+1) Revenue 2.0x AEVA 2025 EV/CY2021 (CY+1) EBITDA 5.2x AEVA 2025 Median: 13.3x 17.4x NVIDIA. 35.3x 9.1x Median: 32.0x NVIDIA XXXILINX 28.8x XILINX Overall Median: 13.3x Overall Median: 37.7x Median: 14.2x 21.7x MOBILEVE 20171 6.7x Ambarella Ambarella 74.4 Median: 57.2x 40.1x MOBILEVE 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 November 13, 2020, Company filings Median: 3.1x 3.5x LUMINAR 20252 12.8x 2.8x Median: 10.4x Velodyne 20243 Velodyne 20243 7.9x LUMINAR 20252 Computing Platforms Vision Based AEVA 8.6x TESLA 44.6x TESLA Traditional LiDAR Disruptive Autotech 30

View entire presentation