Lucid Group, Inc. · NASDAQ:LCID
Lucid — Q3 2022 Earnings Presentation
31 slides from Lucid's earnings presentation, Nov 8, 2022
Slide 1: Third Quarter 2022 Earnings Release
THIRD QUARTER EARNINGS RELEASE Third Quarter 2022 Earnings Release November 8, 2022 LUCID GROUP, INC.
Slide 2: Forward Looking Statements, Trademarks, Non-GAAP Financial Measures and Key Business Metrics
THIRD QUARTER EARNINGS RELEASE Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words
Slide 3: Contents
THIRD QUARTER EARNINGS RELEASE Contents Mission Third Quarter Update Sapphire Brand and Lucid Air Sapphire Vertically Integrated Production Studio and Service Network Financial Highlights Outlook Imagery Financials Appendix LUCID GROUP, INC. 3
Slide 4: Lucid's mission is to inspire the adoption of sustainable energy
THIRD QUARTER EARNINGS RELEASE Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. LUCID GROUP, INC. 4
Slide 5: Third Quarter Update
THIRD QUARTER EARNINGS RELEASE Third Quarter Update In the third quarter, we made significant progress toward achieving our 2022 production target of 6,000-7,000. We had record quarterly production KEY STATISTICS of 2,282 vehicles and deliveries of 1,398. This was driven by the successful execution
Slide 6: Sapphire Brand and Lucid Air Sapphire
THIRD QUARTER EARNINGS RELEASE Sapphire Brand and Lucid Air Sapphire In Q3, we introduced Sapphire, Lucid's new ultra-high-performance brand. Lucid Air Sapphire is the world's first fully electric luxury super-sports sedan and the first product to bear the Sapphire name. At the heart of Lucid Air Sa
Slide 7: Tri-Motor Lucid Air Sapphire: World's Most Powerful Sedan
THIRD QUARTER EARNINGS RELEASE Tri-Motor Lucid Air Sapphire: “World's Most Powerful Sedan” Lucid unveils top-of-the-line performance EV that does zero to 60 in under two seconds Lucid Air Sapphire Is the 1,200-HP Answer to the Tesla Model S Plaid - Three motors and a claimed 0-60 time of “under 2 se
Slide 8: Vertically Integrated Production
THIRD QUARTER EARNINGS RELEASE Vertically Integrated Production Lucid's core EV technology is not only created in-house, but also manufactured at LPM-1, Lucid's dedicated EV powertrain factory in Arizona, where Lucid produces its own electric motors, transmission systems, power electronic inverters,
Slide 9: One Team at AMP-1
THIRD QUARTER EARNINGS RELEASE One Team at AMP-1 LUCID GROUP, INC. 9
Slide 10: Lucid Studio and Service Network
THIRD QUARTER EARNINGS RELEASE Lucid Studio and Service Network Lucid's direct-to-consumer sales approach offers an exceptional customer experience from discovery, intrigue, knowledge Q3 2022 SALES & SERVICE HIGHLIGHTS acquisition, to ownership. Lucid has 28 Studio and service centers in North Ameri
Slide 11: Financial Highlights: Strength of Balance Sheet and Investments for Growth
THIRD QUARTER EARNINGS RELEASE Financial Highlights: Strength of Balance Sheet and Investments for Growth BALANCE SHEET (in millions, unless otherwise stated; unaudited) Lucid ended the third quarter of 2022 with ~$3.85 billion Period Ended 09/30/22 12/31/21 % Change cash, cash equivalents and inves
Slide 12: Lucid 2022 Guidance
THIRD QUARTER EARNINGS RELEASE Lucid 2022 Guidance PRODUCTION VOLUME • 6,000 – 7,000 vehicles CASH, CASH EQUIVALENTS & INVESTMENTS • Sufficient liquidity at least into the fourth quarter of 2023 CAPITAL EXPENDITURES • Approximately $1.2 billion in 2022 PRODUCT • Deliveries of Air Touring and Air Pur
Slide 13: Imagery
THIRD QUARTER EARNINGS RELEASE Imagery LUCID GROUP, INC. LUCID AIR SAPPHIRE 13
Slide 14: Lucid Air Stealth Look
LUCID GROUP, INC. LUCID AIR STEALTH LOOK 14
Slide 15: Lucid Air Stealth Look
LUCID GROUP, INC. LUCID AIR STEALTH LOOK 15
Slide 16: Lucid Air Stealth Look
LUCID GROUP, INC. LUCID AIR STEALTH LOOK 16
Slide 17: Lucid Air Stealth Look
LUCID GROUP, INC. LUCID AIR STEALTH LOOK 17
Slide 18: Lucid Air Sapphire
LUCID GROUP, INC. LUCID AIR SAPPHIRE 18
Slide 19: Zurich Preview Event
LUCID GROUP, INC. ZURICH PREVIEW EVENT 19
Slide 20: Zurich Preview Event
LUCID GROUP, INC. ZURICH PREVIEW EVENT 20
Slide 21: AMP-1
LUCID GROUP, INC. AMP-1 21
Slide 22: Financials
THIRD QUARTER EARNINGS RELEASE Financials LUCID GROUP, INC. 22
Slide 23: Condensed Consolidated Balance Sheets (Unaudited)
THIRD QUARTER EARNINGS RELEASE Condensed Consolidated Balance Sheets (Unaudited) (In thousands) September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 ASSETS LIABILITIES AND STOCKHOLDERS’ EQUITY Current assets: Current liabilities: Cash and cash equivalents $ 1,264,136 $ 6,262,905
Slide 24: Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
THIRD QUARTER EARNINGS RELEASE Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands, except share and per share data) Revenue $ 195,457) $ 232) $ 350,468) $ 719) Cost of r
Slide 25: Condensed Consolidated Statement of Cash Flows (Unaudited)
THIRD QUARTER EARNINGS RELEASE Condensed Consolidated Statement of Cash Flows (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2022 2021 2022 2021 Net cash used in operating activities $ (569,466) $ (291,597) $ (1,577,743) $ (745,401) Net cash used in inves
Slide 26: Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)
THIRD QUARTER EARNINGS RELEASE Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2022 2021 2022 2021 ADJUSTED EBITDA Net loss (GAAP) $ (530,101) $ (524,403) $ (831,812) $ (1,534,081) Interest expense 7,61
Slide 27: Appendix
THIRD QUARTER EARNINGS RELEASE Appendix LUCID GROUP, INC. 27
Slide 28: Awards and Accolades
THIRD QUARTER EARNINGS RELEASE Awards and Accolades Wards Auto Record for longest- 10 Best Engine & Green Car Reports Bloomberg Green range EV ever tested Propulsion Systems Best Car to Buy 2022 EV Rankings Ranked #1 and six of Wards Auto the top seven overall 10 Best Interiors & UX Record for longe
Slide 29: Unprecedented Efficiency
THIRD QUARTER EARNINGS RELEASE Unprecedented Efficiency Efficiency Drives Multiple EV Advantages EFFICIENCY: THE ULTIMATE MEASURE OF EV TECHNOLOGY We believe efficiency is the single most relevant metric of an EV company’s technological prowess. Lucid Air Grand Touring has an unprecedented efficienc
Slide 30: World-Class In-House EV Powertrain
THIRD QUARTER EARNINGS RELEASE World-Class In-House EV Powertrain Ultra-efficient, proprietary powertrain technology and advanced software and battery management system (BMS) Scalable and Modular Motor & Integrated State-of-the-Art, High Bidirectional Charging with Battery Pack Built on Race In-Hous
Slide 31: L_ LIC ICO
L_ LIC ICO