Faraday Future Intelligent Electric Inc. · NASDAQ:FFAI
Faraday Future Intelligent Electric — Investor Presentation (October 2022)
39 slides from Faraday Future Intelligent Electric's investor presentation, Oct 18, 2022
Slide 1: Faraday Future Intelligent Electric Inc. Management Presentation October 2022
Faraday Future Intelligent Electric Inc. Management Presentation October 2022 © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 2: Legal Disclaimers
Legal Disclaimers C o n f i d e n t i a l i t y a n d B a s i s o f P r e s e n t a t i o n © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 1 T h e i n f o r m a t i o n i n t h i s p r e s e n t a t i o n i s h i g h l y c o n f i d e n t i a l . T h e d i s t r i b u t i o n o f d i s c l o s u
Slide 3: The Future of the Industry
The Future of the Industry Vehicle Electrification is a Given – The Future Will be Electric, Intelligent and Connected Represents a New Species Designed to Reset Expectations for Connected Mobility Legacy ICE Current EVs FF 91 – A New Species © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 2
Slide 4: Vehicle series: FF 91, FF 81, FF 71 and Smart Last Mile Delivery
FF 91 SERIES — First production vehicle and flagship model — Class defining luxury, performance, technology, connectivity and personalized user experience — Certified EPA range of ~381 miles (~613 kilometers) — 3 motor FF 91 Futurist 0 - 60 mph in <2.5 sec FF 81 SERIES — Premium, mass - market elect
Slide 5: Situation Overview
Situation Overview Faraday Future has a clear line of sight to start of deliveries: Hurdles Cleared x Completed de - SPAC process x Internal investigation complete, findings actively being addressed x Strengthened management, governance and transparency x SEC filings up to date Manufacturing Milesto
Slide 6: Fully Committed to Delivering the FF 91
Fully Committed to Delivering the FF 91 This capital raise will help support customer deliveries of the FF 91 ▪ Faraday Future has invested nearly $2.4 billion to build the infrastructure required to execute its business plan ― Vehicles developed through substantial R&D and testing; infrastructure i
Slide 7: How Faraday Future Stands Apart
How Faraday Future Stands Apart • 0 – 60 mph in <2.5 seconds • 1,000+ horsepower • Unrivaled passenger comfort - Industry - leading 60 ƒ recline & leading rear leg room space FF 91: Industry - Leading Performance & Luxury • Immersive rider experience with 27” rear passenger display and 17” front pas
Slide 8: A Unique Value Proposition Delivering Differentiated Brand Positioning
— Differentiated premium brand positioning — FF products designed for different vehicle segments, sharing common brand DNA — Modern design: styling and interior materials — Superior driving experience: leading power and performance — Personalized user experience: space, comfort and connectivity — FF
Slide 9: Select FF 91 Features
Select FF 91Features — ~381 miles of certified EPA Range (~613 km) — 0 - 60 mph in <2.5 sec (3 motor FF 91 Futurist) — 1,050 hp ( 3 motor configuration) — DC fast - charging capability among industry leaders — All - wheel drive, all - wheel steering and torque vectoring (1) …Driven by Industry - Lea
Slide 10: Media quote on FF 91 digital displays
“…The FF 91 promises to be a tech powerhouse and its claim to fame is the sheer amount of digital displays inside the cabin…” - Carbuzz © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 8 © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 9
Slide 11: Media quote on passenger experience
“The passenger experience is heaven. The back seat is a dream. I don’t need my hotel room, I thought. I can sleep here…” – DIGITAL TRENDS © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 8 © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 10
Slide 12: Built Around Performance and Comfort that Stands Out vs. The Competition
Built Around Performance and Comfort that Stands Out vs. The Competition Source: Note: Based on passenger car data provided on company websites, auto industry resources (carbuzz, autoweek, cnet, motor authority, EV specifications, Car & Driver) and media releases as of May 18, 2022. All statements s
Slide 13: Designed from the Ground Up with the Driver Top of Mind
Designed from the Ground Up with the Driver Top of Mind — Redefining engagement that identifies user upon approach and reconfigures vehicle preferences and settings — Five driver - specific screens including an ultra - large heads - up display and slim instrument cluster — Reconfigurable 3D touch st
Slide 14: Coupled With an Unsurpassed Passenger Experience
…Coupled With an Unsurpassed Passenger Experience (3) Super Mobile AP consists of three 5G modems to realize aggregated high Internet speed and great coverage by multi carriers. © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 13 Note: All statements shown reflect expected performance / capabiliti
Slide 15: Culmination of Significant R&D and Investment
~$ 2 . 4 b i l l i o n i n v e st e d t o d a t e a c r o ss d e v e l o p m e n t o f : – S c a l a b l e E V P l a t f o r m – I m m e r s i v e a n d C o n n e c t e d D r i v e r / P a s s e n g e r E x p e r i e n c e – M a n u f a c t u r i n g C a p a b i l i t i e s – M u l t i p l e P r e -
Slide 16: Driving Differentiated Technology Position
1 2 3 …Driving Differentiated Technology Position Variable Platform Architecture (VPA) — Provides >60% component carryover — Increased speed to market — Significant cost savings — Ease of scalability — Manufacturing flexibility — Easy servicing capability — Adaptable to multiple models Differentiate
Slide 17: FF Will Set the Foundation for our Future Vehicles and Unlock a $300bn+ TAM
4 FF 91 Will Set the Foundation for our Future Vehicles and Start to Unlock a $300bn+ TAM Note: (1) (2) FF 91 Futurist Alliance Limited Edition vehicles will be priced at $250,000. FF 81 and FF 71 series vehicles subject to future financing. Target pricing as per 2021 10 - K; specific pricing will b
Slide 18: Supported by a Hybrid Asset-Light Manufacturing Strategy
Factory opening Pilot Lines Operational TBD Subject to Future Financing Total factory capacity ~10,000 vehicles per year (expected) TBD TBD – Focused on China FF 81 and FF 71 demand Vehicle series to be produced FF 91 FF 81 TBD Supported by a Hybrid Asset - Light Manufacturing Strategy Self - Run Ma
Slide 19: Manufacturing Update: Hanford Nears Completion
Manufacturing Update | FF 91 Coming to Life as Hanford Nears Completion L e a r n i n g s s e t f o u n d a t i o n f o r f u t u r e m o d e l s Hanford Facility Producing Production - Intent Vehicles Today – P r e - p r o d u c t i o n v e h i c l e b u i l d s u n d e r w a y a t H a n f o r d f
Slide 20: Supply Chain for FF Effectively Secured Ahead of Launch
5 Supply Chain for FF 91 Effectively Secured Ahead of Launch Despite Macroeconomic Disruptions Sourcing of Critical Components — Inverter completely designed, patented and assembled in - house — Electric motor and gear box designed using FF IP and manufactured to FF specifications — Battery pack sou
Slide 21: Direct sales model utilizing online and offline channels
Direct sales model utilizes online and offline channels to drive sales and user operations and continuously create value Comprehensive Online to Offline Sales Ecosystem to Support Go - to - Market Targeting Stores in Top 20 Cities Across 3 Major Markets by 2025 (1) FF STORES FOR BRAND ESTABLISHMENT
Slide 22: Financial Overview
Financial Overview © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 21 © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 21
Slide 23: Q2 2022 Update and Liquidity Position
2021 2022 Q4 Q1 Q2 $691,144 $530,477 $277,386 Cash at Beginning of Period Operating Expenses: Research & Development $80,429 $114,935 $98,015 Sales & Marketing 6,019 6,186 6,198 General & Administrative 33,757 27,880 16,430 Other 1,204 - Total Operating Expenses $121,409 $149,001 $120,643 Other Expe
Slide 24: Q2 2022 Balance Sheet
Q 2 2022 Ba l a n c e Sh e e t Source: S - 1/A October 7, 2022. (1) © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 23
Slide 25: How Faraday Future Stands Apart
How Faraday Future Stands Apart • 0 – 60 mph in <2.5 seconds • 1,000+ horsepower • Unrivaled passenger comfort - Industry - leading 60 ƒ recline & leading rear leg room space FF 91: Industry - Leading Performance & Luxury • Immersive rider experience with 27” rear passenger display and 17” front pas
Slide 26: A Story of Perseverance and a Relentless Drive to Change the Future
A Story of Perseverance and a Relentless Drive to Change the Future © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 25 © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 25
Slide 27: www.ff.com
© 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 26 W W W . F F . C O M © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 28: Faraday Future vs Recent Electric Vehicle Opportunities
Faraday Future vs Recent Electric Vehicle Opportunities Employee Headcount ~770 ~3,900 ~455 <500 (1) ~250 Current Market Cap (2) ~$170mm ~$22.9bn ~$2.3bn ~$445mm ~$380mm Target Production Date In Production (Factory Producing Vehicles Today) In Production (Q3 - 2021) November 2022 Q4 2022 Q3 2021 Ho
Slide 29: Dual Home Markets: FF's Unique Cultural Advantage
Dual Home Markets: FF’s Unique Cultural Advantage Source: Forecasts per IEA 2021 Global EV Outlook report, dated April 28, 2021; sales represent total EV sales by country. US BEV Vehicle Sales Volume Forecast (Units in millions) 8.3 12.0 2020 2025 2030 2025 2030 8.1 1.3 China BEV Vehicle Sales Volum
Slide 30: Enabled by Industry-Leading Variable Platform Architecture
Enabled by Industry - Leading Variable Platform Architecture (“VPA”) DRIVE UNIT CHASSIS BATTERY INTEGRATED STRUCTURE (UNDERBODY) Key Advantages Various Motor/Powertrain Configurations x One to three motor configurations x Maximizes reuse x Torque vectoring capable with AWD and four - wheel steering
Slide 31: Transformed by Unique FF Propulsion Technology
Transformed by Unique FF Propulsion Technology Advanced technology battery pack Low volume, high efficiency integrated motor and inverter Proprietary inverter design integrated directly into motor assembly — Very low inverter losses provide 98% efficiency — High torque accuracy with fast transient r
Slide 32: Intelligent & Tech-Enabled – Defining its Own Category TechLuxury
Intelligent & Tech - Enabled – Defining its Own Category “TechLuxury” T e c h L u x u r y p r o v i d e s e v e r y p e r s o n i n t h e v e h i c l e w i t h a n i m m e r s i v e a n d c o n n e c t e d e x p e r i e n c e , c r e a t i n g o p p o r t u n i t y f o r a d d i t i o n a l f u t u
Slide 33: Launching with Comprehensive After-Sales Strategy
Online Offline Predictive Maintenance Remote Diagnostics FF & Partner Service Network Mobile Service Digital Service ALL in ONE User Support Center Authorized Service Network OTA Predictive Service In - Service User Scheduling After - Sales Service L a u n c h i n g w / C o m p r e h e n s i v e A f
Slide 34: Comprehensive & Expanding Charging Solutions
Comprehensive & Expanding Charging Solutions Home Charger (Level 2) • Smart, connected and powerful Level 2 charging station • Integrated into Faraday Future CID/ app • 19.2 kW DC Fast Charger (future) • FF - developed and FF - branded public DC charger for ultra - fast - charging on the road, partn
Slide 35: Smart Last Mile Delivery Vehicles Provides Attractive Future Growth Opportunity
Smart Last Mile Delivery Vehicles Provides Attractive Future Growth Opportunity © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 34 High growth opportunity — Platform will target customers in Last Mile Delivery and distribution segments in Europe, China and US — Strong expected market growth drive
Slide 36: Summary of Risk Factors
Summary of Risk Factors o f t h e F F 9 1 a s o f S e p t e m b e r i n d i c a t i o n s o f i n t e r e s t w i l l b e © 2022 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 35 • T h e m a r k e t f o r F F ’ s v e h i c l e s i s n a s c e n t a n d n o t e s t a b l i s h e d . F F o n l y h a d 3
Slide 37: Summary of Risk Factors (continued)
Summary of Risk Factors ( continued) • Y T J i a i s s u b j e c t t o r e s t r i c t i o n s i n C h i n a t h a t m a y c o n t i n u e i f n o t a l l c r e d i t o r s p a r t i c i p a t i n g i n h i s p e r s o n a l b a n k r u p t c y r e s t r u c t u r i n g p l a n r e q u e s t h i s r
Slide 38: Summary of Risk Factors (continued)
Summary of Risk Factors ( continued) • F F I E m a y b e c l a s s i f i e d a s a P R C “ r e s i d e n t e n t e r p r i s e , ” w h i c h c o u l d r e s u l t i n u n f a v o r a b l e t a x c o n s e q u e n c e s t o u s a n d o u r n o n - P R C e n t e r p r i s e s t o c k h o l d e r s . •
Slide 39: Summary of Risk Factors (continued)
Summary of Risk Factors ( continued) • F F I E h a s n o t p a i d d i v i d e n d s o n t h e C l a s s A C o m m o n S t o c k a n d o u r a b i l i t y t o d o s o i n t h e f u t u r e w i l l b e s u b j e c t t o i t s s u b s i d i a r i e s ’ a b i l i t y t o d i s t r i b u t e c a s h t o
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