Timelapse / Bambu Handy

Hi. Just received my A1 and, as a newbie, I am blown away by how great it is and how easy it is to use.

I have recorded a Timelapse. Via the Handy app I can see it under the “External Storage” filter. I can then press download and it then appears in the “Local Files” filter.

Am I right in thinking that:
- External storage is the SD card on the A1 printer?
- Local files is just my phone storage (accessed via the Handy app)

Thanks!