You can build text paragraph by paragraph, word by word, or character by character. You can create text builds for bulleted or plain body text.
Select text on the slide canvas.
Click Inspector in the toolbar, and then click the Build button.
Choose an option from the Delivery pop-up menu in the Build In (to make text appear) or Build Out (to make text disappear) pane of the Build inspector. You may not see all these options, depending on whether you have selected plain text or bulleted text on the slide canvas: