Rivian Automotive(RIVN) Q1 2022 Results - Earnings Call Transcript

For the period ending March 31, 2022

May 11, 2022 5:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day and thank you for standing by. Welcome to the Rivian First Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I’d now like to turn the call over to Mr. Tim Bei, Vice President of Investor Relations. Please go ahead, sir.

Tim Bei

Good afternoon and thank you for joining us for Rivian’s first quarter 2022 earnings call. Joining us on today’s call, we have RJ Scaringe, our Founder, Chairman and Chief Executive Officer and Claire McDonough, our Chief Financial Officer. A copy of today’s shareholder letter is available on our Investor Relations website.

Before we begin, I would like to remind you that during the course of this conference call, our comments and responses to your questions reflect management’s views as of today and will include statements related to our business that are forward-looking statements under federal securities laws, including, without limitation, statements regarding our market opportunity; industry’s trends; business operations; strategy and goals; our second domestic manufacturing facility; our future products, including R2; and our expectations regarding vehicle deliveries.

Actual results may differ materially from those contained in or implied by these forward-looking statements due to risks and uncertainties associated with our business. Except as maybe required by law, Rivian does not have any obligation to update or revise such statements if circumstances change. For a discussion of the material risks and other important factors that could impact actual results, please refer to the cautionary statements and risk factors contained in our SEC filings and today’s shareholder letter, which can be found on our website at rivian.com/investors. During this call, we will discuss both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is provided in today’s shareholder letter.

With that, I’ll turn the call over to RJ who will begin with a few opening remarks.

RJ Scaringe

We are happy to be here with everyone today and look forward to discussing the progress we have been making. Just before the call, we published our shareholder letter, which includes an overview of our progress over the recent months. I encourage you to read it for additional details around some of the items we’ll cover on today’s call.