<aside> 🚀 As a reminder, AUAR is building the technology to make sustainable housing universally accessible. AUAR’s tech stack of Robotic Micro-Factories powered by design-to-manufacturing software increases opportunity, efficiencies, predictability and oversight, while significantly reducing financial risk and environmental costs, enabling our customers to deliver the sustainable homes the world needs.

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High Level Summary

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AUAR has been shipping and executing: 3 x Micro-Factories were shipped to the UK and Belgium and Design Services using AUARStudio, our design-to-manufacturing software platform have been provided for over 100 homes. We have been actively building with our customers: our first two-storey project was built in July/Aug ‘24, de-risking our progress to mid-rise multi-family homes 18 months ahead of schedule! Demand is outpacing our ability to deliver with 34 active customer convos happening and a strong bottom of funnel to fulfil our 2025 goals. We are on target to do £1.2m in revenue in under a year.

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Q3 ‘24 Metrics

<aside> 💸 Revenue

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• Software Enabled Hardware model - cash and margin positive with driver on hardware sales right now
• £812k actual in Q3
• £270k already booked in Q4
• £1.2m estimated for EOY

<aside> 🧑🏻‍⚕️ Financials

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• Burn - £120k/month YTD average
• Cash - £990k
• Runway - 8 months
• Gross margin - 52.2%*
• *30% on hardware sales
• Recent cash win - AUAR won a £300k Innovate UK SMART Grant (not yet public, 46 awards given with 3% success rate)

<aside> 👯‍♂️ Team

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• 17 total
• 3 new team members in Q3 - Architect, Structural Timber Engineer, Customer Success Manager
• Currently finalising hiring a Mid/Senior Full Stack Engineer
• No leavers in Q3

<aside> 🏭 Micro-factories

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• 1 active cell in Belgium
• 2 cells in shipped to the US! See photos below of container loaded & leaving for the journey across the Atlantic!

= 100% of 2024 target complete by EOQ3

<aside> 🦾 Customers

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• Customer active in the US (Midwest)
• Customer active in Belgium
• Pre-partnership active in the Nordics
• = 50% increase in Q3 vs H1’24

<aside> 👍🏻 Sales Funnel

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• 60 validated leads

• 34 active conversations internationally
• 15 customers at pre-agreement (pre-bottom of funnel) stage
• 4 customers out for signature (bottom of funnel)

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Milestones we’ve hit in Q3

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• >£1m in revenue in 2024
• Two-storey home MVP built in July/Aug 2024
• Shipping 3 x Micro-Factories to the US & BE
• Growth strategy into new markets validated by AUARStudio
• AUARStudio delivering design services for over 100 homes
• Achieved Tech Readiness Level 7-8 in 9 months with commercial validation on ROI
• Progressed de-risking building system for mid-rise multi-family housing 1.5 years ahead of schedule
• AUAR homes are carbon sinks: >40% lower than existing carbon targets