Archer Aviation Inc. · NYSE:ACHR
Archer Aviation — Investor Presentation (April 2023)
20 slides from Archer Aviation's investor presentation, April 2023
Slide 1: of>I$*f¡I]
of>I$*f¡I] of>I$*f¡I]
Slide 2: Archer is manufacturing a safe, sustainable, low-noise eVTOL aircraft
ÂEoɁÂ*Ɂ* ŴþĥĉŴɁĩźɁŇáňƉĞáþƃƉŴĩňğɁáɁźáĞĉȓɁźƉźƃáĩňáýŀĉȓɁ ŀőƤɁňőĩźĉȓɁáŀŀȪĉŀĉþƃŴĩþɁƣĉŴƃĩþáŀɁƃáĽĉȪőDžɁáňĄɁ ŀáňĄĩňğɁáĩŴþŴáĞƃɁƤĩƃĥɁƃĥĉɁğőáŀɁőĞɁýĉĩňğɂLjŴźƃɁƃőɁ ŇáŴĽĉƃɁĩňɁǔǒǔǗ of>I$*f¡I] Ǖ
Slide 3: Urban congestion is not sustainable
§ŴýáňɁőňğĉźƃĩőňɁ IźɁfőƃɁƉźƃáĩňáýŀĉ ± IňɁǔǒǓǚȓɁǗǗɾɁőĞɁƃĥĉɁƤőŴŀĄȸźɁűőűƉŀáƃĩőňɁŀĩƣĉĄɁĩňɁƉŴýáňɁáŴĉáźɁ áþþőŴĄĩňğɁƃőɁƃĥĉɁ§ňĩƃĉĄɁfáƃĩőňźȓɁáɁűŴőűőŴƃĩőňɁƃĥáƃɁƃĥĉƪɁ űŴőĺĉþƃɁƃőɁĩňþŴĉáźĉɁƃőɁǘǚɾɁýƪɁǔǒǗǒ Ȭ ¡ŴádžþɁþőňğĉźƃĩőňɁþőźƃɁƃĥĉɁ§ɁĉþőňőŇƪɁňĉáŴŀƪɁɊǚǙɁýĩŀŀĩőňɁĩňɁ ǔǒǓǚ ± ÁáźƃɁŇáĺőŴĩƃƪɁőĞɁƃŴĩűźɁĩňɁƉŴýáňɁáŴĉáźɁáŴ
Slide 4: Aircraft overview: Midnight
ĩŴþŴáĞƃɁoƣĉŴƣĩĉƤ *>oef* ɁɁ $Áf¡?* *]*¡IɁÁ*¡I]Ɂ¡[*Ȫo>>Ɂf$Ɂ]f$If? Ȭ áňğĉȔɁƉűɁƃőɁǓǒǒɁŇĩŀĉźȓɁőűƃĩŇĩƳĉĄɁĞőŴɁǔǒȪǗǒɁ Ȭ áĞĉƃƪȔɁƤĩŀŀɁýĉɁþĉŴƃĩLjĉĄɁáƃɁŀĉƣĉŀźɁźĩŇĩŀáŴɁƃőɁ ŇĩŀĉɁŴáűĩĄɁýáþĽȪƃőȪýáþĽɁƃŴĩűźɁƤĩƃĥɁŇĩňĩŇáŀɁ ƃőĄáƪȸźɁþőŇŇĉŴþĩáŀɁáĩŴŀĩňĉŴźɁȤňőɁźĩňğŀĉɁűőĩňƃźɁ þĥáŴğĉɁƃĩŇĉ őĞɁĞáĩŀƉŴĉȥ Ȭ űĉĉĄȔɁƉűɁƃőɁǓǗǒ
Slide 5: Company snapshot
őŇűáňƪɁňáűźĥőƃ oefÈ Ȭ áĩźĉĄɁɯɊǓɁýĩŀŀĩőňɁőĞɁþáűĩƃáŀɁ Ȭ ÂĉňƃɁűƉýŀĩþɁĩňɁǔǒǔǓɁőňɁfÈ*Ɂ Ȭ [ĉƪɁĩňƣĉźƃőŴźȔɁ§ňĩƃĉĄɁĩŴŀĩňĉźȓɁƃĉŀŀáňƃĩźɁȤőňĉɁőĞɁŀáŴğĉźƃɁ áƉƃőɁo*eźɁĩňɁƤőŴŀĄɁƤĩƃĥɁýŴáňĄźɁŀĩĽĉɁYĉĉűȓɁĉƉğĉőƃȓɁ>ĩáƃɁʉɁ eáźĉŴáƃĩȥȓɁeáŴþɁ]őŴĉɁȤĞőƉňĄĉŴɁőĞɁYĉƃȒþőŇȥȓɁeőĉŀĩź Ȭ ɯǘǒǒɁűĉŴźőňɁƤőŴĽĞőŴþĉ [*ÈɁEI?E]I?E¡ Ȭ IňĄ
Slide 6: Slide 6
Slide 7: Slide 7
Slide 8: Market opportunity
eáŴĽĉƃɁoűűőŴƃƉňĩƃƪ eőŴğáňɁƃáňŀĉƪɁ űŴĉĄĩþƃźɁƉŴýáňɁáĩŴɁ ŇőýĩŀĩƃƪɁƃőɁýĉɁáɁ ɊǔǛɁýĩŀŀĩőňɁýƪɁǔǒǕǒȓ áňĄɁáɁɊǓɣɁƃŴĩŀŀĩőň ŇáŴĽĉƃɁýƪɁǔǒǖǒ of>I$*f¡I] ǚ
Slide 9: Proven and experienced team
ŴőƣĉňɁáňĄɁ*ƩűĉŴĩĉňþĉĄɁ¡ĉáŇ ĄáŇɁ ¡őŇɁ eáŴĽɁ ¡őŇɁ ?őŀĄźƃĉĩň eƉňĩƳ eĉźŀĉŴ ňĄĉŴźőň >o§f$*ȓɁ*o oo >o ooɁI]If* ŴĉƣĩőƉźŀƪɁ>őƉňĄĉŴɁáƃɁ ŴĉƣĩőƉźŀƪɁÁɁőĞɁɁ*ňğĩňĉĉŴĩňğ ŴĉƣĩőƉźŀƪɁ>oɁáƃɁÁőŀáňźĩɁʉɁÁɁ ŴĉƣĩőƉźŀƪɁooɁŴĉĉƳĉɁĩŴƤáƪɁ ÁĉƃƃĉŴƪ áƃɁÂĩźĽ őĞɁ>ĩňáňþĉɁɁáƃɁŀőőŇɁ*ňĉŴğƪɁ áňĄɁYĉƃýŀƉĉ ?ĉőDžɁ eĩĽĉɂ YƉŀĩĉňɂ eĩþĥá
Slide 10: Timeline to commercialization and operations at scale
¡ĩŇĉŀĩňĉɁƃőɁőŇŇĉŴþĩáŀĩƳáƃĩőňɁʉɁoűĉŴáƃĩőňźɁáƃɁþáŀĉ ǔǒǔǓɁȬɁǔǒǔǖ ǔǒǔǗɁȬɁǔǒǔǚ ǔǒǔǚɣ Á*EI]* oee*II]IÑ¡IofɁ o*¡IofɁ¡ *¡I>I¡Iof ʉɁ*]ÈɁo*¡Iof ]* ± *ňźƉŴĉɁeĩĄňĩğĥƃɁĩźɁőűƃĩŇĩƳĉĄɁĞőŴɁ ± ƉĩŀĄɁőƉƃɁ§eɁőűĉŴáƃĩőňźɁĞőþƉźĉĄɁőňɂɁ ± ÁőŀƉŇĉɁŇáňƉĞáþƃƉŴĩňğ ýƉźĩňĉźźɁþáźĉ ȵƃŴƉňĽȶɁáňĄɁȵýŴáňþĥȶɁáűűŴőáþĥ ± EĩğĥȪŴáƃĉ
Slide 11: Uber Elevate? Two unique revenue streams
§If*Ɂeo$*] ¡ƤőɁ§ňĩųƉĉɁĉƣĉňƉĉɁƃŴĉáŇź E*ɁIɁȬɁ*I]ɁI$*ɁEIf? E*Ɂ$I*¡ɁȬɁI>¡Ɂo*e ² ŴþĥĉŴȸźɁþőŴĉɁýƉźĩňĉźź ² áňɁűŴőƣĩĄĉɁŇĉáňĩňğĞƉŀɁƉűĞŴőňƃɁþáźĥɁljőƤźɁʉɁŴĉƣĉňƉĉɁĄĩƣĉŴźĩƃƪ ² IňĩƃĩáŀŀƪɁƃáŴğĉƃĩňğɁǗǒɾɁőĞɁŴĉƣĉňƉĉɁŇĩƩ ² IňĩƃĩáŀŀƪɁƃáŴğĉƃĩňğɁǗǒɾɁőĞɁŴĉƣĉňƉĉɁŇĩƩɁĩňĩƃĩáŀŀƪȓɁ ² ?őáŀȔɁğŴőƤɁƃőɁɯǙǒɾɁƃőɁɯǚǒɾɁ
Slide 12: Priced like rideshare for broad adoption
§If*Ɂeo$*] ŴĩþĉĄɁŀĩĽĉɁŴĩĄĉɁ źĥáŴĉɁźĉŴƣĩþĉɁĞőŴɁ ýŴőáĄɁáĄőűƃĩőň Ȭ őźƃɁĉdžþĩĉňƃɁźőŀƉƃĩőňɁĞőŴɁźþáŀĉɁáĄőűƃĩőňɁĩňɁ ƃĥĉɁɊǕȒǒǒɁƃőɁɊǚȒǒǒɁȠɁźĉáƃȪŇĩŀĉɁŴáňğĉ Ȭ ¡ĉþĥňőŀőğƪɁźƉűűőŴƃźɁǓǒȪƪĉáŴɣɁáĩŴþŴáĞƃɁŀĩĞĉ Ȭ >áźƃĉŴɁáňĄɁŇőŴĉɁþőňƣĉňĩĉňƃɁƃĥáňɁ ƃĉŴŴĉźƃŴĩáŀɁƃŴáňźűőŴƃáƃĩőň of>I$*f¡I] =Y^N˲<N^\SL]SX^JKVNLYWZJ\N]J ̐WSV
Slide 13: Strategic partner: United Airlines
¡¡*?IɁI]If*Ɂ¡f* §ňĩƃĉĄɁĩŴŀĩňĉź ± §ňĩƃĉĄɁĩźɁáɁŇáĺőŴɁźƃŴáƃĉğĩþɁűáŴƃňĉŴȔɁĩňƣĉźƃőŴȓɁőűĉŴáƃĩňğɁűáŴƃňĉŴȓɁáňĄɁljáğźĥĩűɁþƉźƃőŇĉŴ ± §űɁƃőɁɊǓȒǗɁĩňɁáĩŴþŴáĞƃɁűƉŴþĥáźĉźɁȤɊǓǒeɁŴĉþĉĩƣĉĄɁĩňɁþáźĥɁĄĉűőźĩƃɁőňɁLjŴźƃɁǓǒǒɁáĩŴþŴáĞƃȥɂɂ ± ?őȪƃőȪŇáŴĽĉƃɁőűĉŴáƃĩňğɁűáŴƃňĉŴȔɁáňňőƉňþĉĄɁƃĥĉɁĩňĄƉźƃŴƪȸźɁLjŴźƃɁűőĩňƃȪƃőȪűőĩňƃɁĉÁ¡o]
Slide 14: Strategic partner: Stellantis
¡¡*?IɁef§>¡§If?Ɂ¡f* ƃĉŀŀáňƃĩź Ȭ áŴƃňĉŴɁźĩňþĉɁǔǒǔǒȓɁƃĉŀŀáňƃĩźɁ ĩźɁƃĥĉɁǕŴĄɁŀáŴğĉźƃɁáƉƃőɁo*eɁýƪɁ ŴĉƣĉňƉĉɂ Ȭ ƃĉŀŀáňƃĩźɁĩźɁáɁŇáĺőŴɁĉųƉĩƃƪɁ ĩňƣĉźƃőŴɁĩňɁŴþĥĉŴ Ȭ ?őáŀɁĩźɁĞőŴɂƃĉŀŀáňƃĩźɂƃőɁźĉŴƣĉɁ áźɁþőňƃŴáþƃɁŇáňƉĞáþƃƉŴĩňğɁ űáŴƃňĉŴɁƃőɁźþáŀĉɂŇáňƉĞáþƃƉŴĩňğɁ ƣőŀƉŇĉźɁƃőɁƃĥőƉźáňĄźɁőĞɁ űŴőĄƉþƃĩőňɁáĩŴþŴáĞƃ
Slide 15: High-volume manufacturing
EĩğĥȪÁőŀƉŇĉɁeáňƉĞáþƃƉŴĩňğ Ȭ őňźƃŴƉþƃĩőňɁőĞɁƃĥĉɁŴþĥĉŴɁɪɩɁƃĉŀŀáňƃĩźɁĥĩğĥȪźþáŀĉɁŇáňƉĞáþƃƉŴĩňğɁ ĞáþĩŀĩƃƪɁƉňĄĉŴƤáƪɁĩňɁőƣĩňğƃőňȓɂ? Ȭ ¡]ɂűŴőƣĩĄĩňğɁþáűĩƃáŀȓɁűĉőűŀĉȓɁƃĉþĥňőŀőğƪȓɁIɁáňĄɁĽňőƤȪĥőƤɁƃőɁźƃáňĄɁ ƉűɁĞáþƃőŴƪɁáňĄɁźþáŀĉɁŇáňƉĞáþƃƉŴĩňğȒɂoűĉŴáƃĩőňáŀɁþőŴĉɁþőŇűĉƃĉňþĩĉźɁ ƃőɁĉňáýŀĉɁźþáŀĉɁŇáňƉĞáþƃƉŴĩňğȓɁĩňþŀƉ
Slide 16: Why Archer
ÂĥƪɁŴþĥĉŴș >I]¡*If?Ɂ¡E*Ɂoe*¡I¡IÁ*Ɂ*fÁIofe*f¡ oňŀƪɁĉÁ¡o]ɁþőŇűáňƪɁƤĩƃĥɁźƉdžþĩĉňƃɁþáűĩƃáŀɁáňĄɁĉþőňőŇĩþáŀŀƪɁƣĩáýŀĉɁáĩŴþŴáĞƃȔ Ȭ áĩźĉĄɁɯɊǓɁýĩŀŀĩőňɁȤŇĩňĩŇƉŇɁőĞɁɊǙǗǒeɁþáűĩƃáŀɁňĉĉĄĉĄɁƃőɁğĉƃɁƃőɁŇáŴĽĉƃȥ Ȭ ĩŴþŴáĞƃɁƤĩƃĥɁŴáňğĉɁőĞɁƉűɁƃőɁǓǒǒɁŇĩŀĉź Ȭ ĩŴþŴáĞƃɁƤĩƃĥɁűáƪŀőáĄɁƃĥáƃɁþáňɁƃŴƉŀƪɁźƉűűőŴƃɁűĩŀőƃĉĄɁɣɁǖɁűáźźĉňğ
Slide 17: Key technology: leading overtrain technology
[*ÈɁ*f]If?Ɂ¡*Efo]o?È ]ĉáĄĩňğɁőƤĉŴƃŴáĩň ¡ĉþĥňőŀőğƪ of>I$*f¡I]
Slide 18: Proprietary powertrain architecture
ŴőűŴĩĉƃáŴƪɁőƤĉŴƃŴáĩňɁŴþĥĩƃĉþƃƉŴĉ EI?EɁÁo]¡?*ɁoÂ*ɁÈ¡*e Ǖ ǖ ± ǘɁýáƃƃĉŴĩĉź ǔ Ǘ Ȭ ǓǔɁĉŀĉþƃŴĩþɁŇőƃőŴź Ǔ ǘ ± ǓɁýáƃƃĉŴƪɁźƉűűőŴƃźɁǔɁŇőƃőŴź ± ǚǒǒɣɁƣőŀƃź Ǔ ǔ Ǖ ǖ Ǘ ǘ ± IňƃĉŀŀĩğĉňƃɁýáƃƃĉŴƪɁűáŴáŀŀĉŀĩňğ Ǚ Ǔǔ >*¡È ǚ Ǜ Ǔǒ ǓǓ ± >áƉŀƃɁƃőŀĉŴáňƃɁƃőɁűőƃĉňƃĩáŀɁűőƤĉŴƃŴáĩňɁĞáĩŀƉŴĉź oee*I]IÑ¡Iof ± őƤĉŴɁŴĉųƉĩŴĉŇĉňƃ
Slide 19: Thank you
of>I$*f¡I] ¡ĥáňĽɁÈőƉ
Slide 20: Forward-looking statements
>őŴƤáŴĄɁ]őőĽĩňğɁƃáƃĉŇĉňƃź ¡ĥĩźɁűŴĉźĉňƃáƃĩőňɁþőňƃáĩňźɁȵĞőŴƤáŴĄȪŀőőĽĩňğɁźƃáƃĉŇĉňƃźȶɁƤĩƃĥĩňɁƃĥĉɁŇĉáňĩňğɁőĞɁƃĥĉɁźáĞĉɁĥáŴýőŴɁűŴőƣĩźĩőňźɁőĞɁƃĥĉɁŴĩƣáƃĉɁĉþƉŴĩƃĩĉźɁ]ĩƃĩğáƃĩőňɁĉĞőŴŇɁþƃɁőĞɁǓǛǛǗȒɁŀŀɁźƃáƃĉŇĉňƃźɁőƃĥĉŴɁƃĥáňɁźƃáƃĉŇĉňƃźɁőĞɁĥĩźƃőŴĩþáŀɁĞáþƃɁáŴĉɁĞőŴƤáŴĄȪŀőőĽĩňğɁźƃáƃĉŇĉňƃźȒɁ¡ĥĉźĉɁ źƃáƃĉŇĉňƃźɁĩňþŀƉĄĉ