Faraday Future Intelligent Electric Inc. · NASDAQ:FFAI
Faraday Future Intelligent Electric — Q3 2024 Earnings Presentation
32 slides from Faraday Future Intelligent Electric's earnings presentation, Nov 6, 2024
Slide 1: Fiscal Third Quarter 2024 Earnings Presentation
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL Faíaday Futuíe Intelligent Electíic Inc. (Nasdaq: FFIE) Fiscal Thiíd Quaíteí 2024 Eaínings Píesentation Novembeí 6 th , 2024
Slide 2: Table of Contents
Table of Contents 1. Company Oveíview 2. Business Update 3. The FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL 2
Slide 3: Legal Disclaimers
Legal Disclaimeís © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL 3 Ïoíwaíd Looking Statements This píesentation includes “foíwaíd looking statements” within the meaning of the safe haíboí píovisions of the United States Píivate Secuíities Litigation Refoím Act of 1995. When used in this video, t
Slide 4: Company Overview
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL 01. Company Oveíview 2. Business Update 3. The FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy
Slide 5: Company overview key facts
© 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL 5 $3.0 billion Capital invested to date to create an industry leading EV platform, I.A.I. (1) technology, product development and manufacturing capabilities ~660 Filed or issued utility and design p
Slide 6: The Ultimate AI TechLuxury Product & Technology Revolution
All - Ability All - Hyper All - AI Co - Creation PROPRIEľARY AND CONFIDENľIAL 6 © 2024 FARADAY FUľURE The Ultimate AI TechLuxuíy Píoduct & Technology Revolution New Fouí Tíends
Slide 7: Technical Systems and aiDriving
© 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL 4 x Technical Systems (1) Oíiginal Equipment Manufactuíeí PROPRIEľARY AND CONFIDENľIAL 7 © 2024 FARADAY FUľURE Featuíes Available Now Foíwaíd Collision Waíning Auto High Beam Automatic Emeígency Bíaking Adaptive Cíuise Contíol Lane Centeíing Contíol
Slide 8: Hypercar performance, SUV and sedan comfort
Magic All - In - One All - teííain AI Body Contíol ľechnology System Hypeícaí P e í f o í m an c e SUV High gíound cleaíance, visibility and space Sedan C om f o í t PROPRIEľARY AND CONFIDENľIAL 8 © 2024 FARADAY FUľURE
Slide 9: Business Update
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL 01. Company Oveíview 2. Business Update 3. The FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy
Slide 10: Strengthened Our Leadership Team with Several Key Appointments
Chui Tim Mok, Head of FF UAE Koti Meka, CFO Aaron Ma, Head of EV R&D Stíengthened Ouí Leadeíship Team with Seveíal Key Appointments — Aaron had over 20 years of experiences, including 5 years at LeEco, driving product innovation and market expansion, and 7 years serving as vice president of R&D at M
Slide 11: Key Developments: Financing, Deliveries, and Manufacturing Improvements
Manufacturing Improvements C ap i ta l M ar ket s Deliveries Q3 2024 Key Developments: Completed $30M Financing, Deliveíies, and Manufactuíing Impíovements PROPRIEľARY AND CONFIDENľIAL 11 © 2024 FARADAY FUľURE — In September 2024, the Company successfully completed a $30 million financing round with
Slide 12: FF launched its second brand, FX
FF launched its second bíand, FX, taígeting entíy into the Mass Maíket — FF announced its second brand, Faraday X, or FX, w h i c h t ook p l ace at i ts G l ob a l Aut o m o ti v e I nd u s t r y Bridge Launch Event on September 19th. This initiative represents our planned return to a dual - brand
Slide 13: Co-investment Agreement with MIG for Ras Al Khaimah Headquarters
Subsequent to Quaíteí End, FF Signed a Co - investment Agíeement with MIG, to establish Reginal Headquaíteís in Ras AI Khaimah — Through FF’s Dubai - based entity, Faraday Future Middle East FZ - LLC, FF has signed agreements with the R as A l K ha i m a h Ec o no m i c Zone ( R AKE Z ) f or bot h c
Slide 14: The FF 91 2.0 Futurist
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL 01. Company Oveíview 2. Business Update 3. ľhe FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy
Slide 15: FF Futurist – Extreme Technology, Ultimate AI User Experience
FF 91 Futuíist – Extíeme ľechnology, Ultimate AI Useí Expeíience and a Complete Ecosystem 15 © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL
Slide 16: FF Futurist – A Complete TechLuxury Offering
FF 91 Futuíist – A Complete ľechLuxuíy Offeíing PROPRIEľARY AND CONFIDENľIAL 16 © 2024 FARADAY FUľURE
Slide 17: Faraday X
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL 01. Company Oveíview 2. Business Update 3. The FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy
Slide 18: Faraday X, FF's Second Brand
F a í a d a y X FX FF ' s S e co n d B r a n d Co - cíeate an AIEV foí Eveíyone Bíand Slogan © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL Faíaday X FX 18 © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL Faraday X (FX) inherits the DNA of Faraday Future (FF) while also taking on a distinct mi
Slide 19: Dual-Brand Strategy
F a í a d a y X FX Faíaday Futuíe FF U l t i m a t e A I T e c h L u x u r y A cc es s i b l e A I TechLuxury S p i r e Co m m un i t y M a ss M a r k e t Dual - Bíand Stíategy Genes A I E V w i t h E x t r e m e P r i c e - E x p e r i en c e R a t i o A ll - A b il i t y a i Hy p er c a r Open - S
Slide 20: Launch Plan for FX's First Batch of Products
© 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL ľhe Launch Plan foí FX’s Fiíst Batch of Píoducts: Rolling out 2 hit models in the fiíst phase step by step P r o d u c t N ame FX 5 FX 6 Available in Both Range Extended / Batteíy Electíic Poweítíains FX Bíand Slogan: Co - cíeate An AIEV foí Eveíyon
Slide 21: User Ecosystem with Fully Online Direct Sales
Useí Ecosystem Established with Light Models and Fully Online Diíect Sales Fully Online Diíect Sales Useí Acquisition All - Channel Sales Conveísion Seed Useís C a í - Shaíing PR Social WOM & Community Video Maíketing Co - Cíeation HQ Flagship FX Paí Dooí to Dooí Home Deliveíy O w n e d S eív i ce C
Slide 22: Accelerating the Growth of the U.S. AI EV Industry
Acceleíating the Gíowth of the U.S. AI EV Industíy Empoweíing Eveíyone to Co - Cíeate an AIEV with the Extíeme Cost - Expeíience Ratio Setting sails into the untapped AIEV blue ocean maíket togetheí ľo Paítneí ľo Industíy ľo Useí T o F F & I n v e st o r s Seize the histoíical oppoítunity of AIEV de
Slide 23: Financials
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL 01. Company Oveíview 2. Business Update 3. The FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy
Slide 24: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets D e c e m b e r 31, 2023 S e p t e m b e r 30, 2024 Assets $ 4,025 $ 7,349 Cash and íestíicted cash 34,229 27,280 Inventoíy, net 53,110 45,056 Deposits and otheí cuííent assets 91,364 79,685 Total cuííent assets 417,812 360,063 Píopeíty, plant and equi
Slide 25: Statements of Operations and Comprehensive Loss
Unaudited Condensed Consolidated Statements of Opeíations and Compíehensive Loss © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL 25 Thíee Months Ended Septembeí 30, 2024 $ 9 Thíee Months Ended Septembeí 30, 2023 $ 551 Nine Months Ended Septembeí 30, 2024 $ 304 Nine Months Ended Septembeí 30, 2023
Slide 26: Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL 26 Nine Months End ed September 30, (in thousands) 2023 2024 $ (240,370) $ (51,796) Cash flows from operating activities (10,846) (572) Cash flows from investing activities 237,565 55,685 Cas
Slide 27: Imagery
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL 01. Company Oveíview 2. Business Update 3. The FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy
Slide 28: © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL
© 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL
Slide 29: © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL
© 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL
Slide 30: © 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL
© 2024 FARADAY FUľURE PROPRIEľARY AND CONFIDENľIAL
Slide 31: Thank You. Reserve Yours Today
ľhank You. Reseíve Youís ľoday – https://www.ff.com/us/píeoídeí/
Slide 32: © F A R A D A Y FU ľ U R E PROPRIEľARY
© 202 4 F A R A D A Y FU ľ U R E PROPRIEľARY AND CONFIDENľIAL 01. Company Oveíview 2. Business Update 3. The FF 91 2.0 Futuíist 4. Faíaday X 5. Financials 6. Imageíy
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