24 slides from Faraday Future Intelligent Electric's earnings presentation, Mar 8, 2023
Slide 1: Fiscal Fourth Quarter and Full Year 2022 Earnings Release
Faraday Future Intelligent Electric Inc. Fiscal Fourth Quarter and Full Year 2022 Earnings Release March 08, 2023
Slide 2: Legal Disclaimers
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 2 Legal Disclaimers Forward Looking Statements This presentation includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Pr ivate Securities Litigation Reform Act of 1995. When used in this present
Slide 3: Table of Contents
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 3 Table of Contents 01. Company Overview 02. Business Update 03. Flagship Product Offering, the FF 91 Futurist 04. Financials
Slide 4: Company Overview
01 — Company Overview
Slide 5: Company Introduction
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 5 Company Introduction Faraday Future (FF) is the pioneer of the ultimate intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra - luxury car civilization
Slide 6: We Envision Faraday Future's Growth in Three Phases
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 6 We Envision Faraday Future’s Growth in Three Phases — Launch multiple vehicle models — Introduce and scale ecosystem revenue streams (internet apps, software and sharing) with a goal to establish ourselves as a major player in the high - value use
Slide 7: Business Update
02 — Business Update
Slide 8: Fully Aligned Stockholders, Board and Management
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 8 Fully Aligned Stockholders, Board and Management — 20 - year automotive veteran with international and extensive operational industry experience — Led Jaguar Land Rover China to product delivery within two years and ramped up the total sales volum
Slide 9: Faraday Future Remains on Track to Achieve Start of Production of FF 91 Futurist
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 9 Faraday Future Remains on Track (1) to Achieve Start of Production (SOP) of its Flagship FF 91 Futurist by March 30, 2023 — FF 91 has received an official EPA rating of 381 miles of Electric Vehicle (EV) range, which is almost 50 - 70 miles more t
Slide 10: Introducing our Flagship Product Offering, the FF Futurist
03 — Introducing our Flagship Product Offering, the FF 91 Futurist
Slide 11: FF Futurist — Extreme Technology, Ultimate Intelligent User Experience and a Complete Ecosystem
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 11 FF 91 Futurist — Extreme Technology, Ultimate Intelligent User Experience and a Complete Ecosystem
Slide 12: FF 91 Futurist Experience
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 12 — NASA inspired zero gravity rear passenger seats with industry leading 60 degree recline and leg room — FF AI supports complex voice commands for comfort, productivity, entertainment and navigation — Advanced safety, autonomous driving (2) and p
Slide 13: Significant Upgrades of Key Components
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 13 Significant Upgrades of Key Components — FF 91 Futurist is a Competitive TechLuxury Offering
Slide 14: Financials
04 — Financials
Slide 15: Governance Resolution, Timely SEC Filings Allowed Faraday Future to Raise Financing Commitments
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 15 Governance Resolution, Timely SEC Filings Allowed Faraday Future to Raise Financing Commitments that is Expected to Provide Sufficient Funding to Achieve FF 91 Start of Production (SOP) — Implemented cost - cutting initiatives that has allowed th
Slide 16: Consolidated Statements of Operations
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 16 Consolidated Statements of Operations Three Months Ended December 31, Twelve Months Ended December 31, (Unaudited) (Audited) 2022 2021 2022 2021 Operating expenses Research and development $ 50,863 $ 80,429 $ 311,084 $ 174,935 Sales and marketing
Slide 17: Consolidated Balance Sheets
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 17 Consolidated Balance Sheets (Audited) Year Ended 2022 2021 Assets Current assets Cash $ 16,968 $ 505,091 Restricted cash 1,546 25,386 Deposits 26,804 63,370 Other current assets 21,087 13,410 Total current assets 66,405 607,257 Property and equip
Slide 18: Consolidated Statements of Cash Flows
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 18 Consolidated Statements of Cash Flows Three Months Ended December 31, Twelve Months Ended December 31, (Unaudited) (Audited) 2022 2021 2022 2021 Cash flows from operating activities Net loss $ (153,900) $ (84,299) $ (552,069) $ (516,505) Adjustme
Slide 19: Consolidated Statements of Cash Flows (Continued)
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 19 Consolidated Statements of Cash Flows — (Continued) Three Months Ended December 31, Twelve Months Ended December 31, (Unaudited) (Audited) 2022 2021 2022 2021 Cash flows from financing activities Proceeds from notes payable, net of original issua
Slide 20: Thank you
20 Alternate outro image Thank you Reserve yours today — https://www.ff.com/us/preorder/
Slide 21: FF Delivers a Unique Value Proposition Through Differentiated Brand Positioning
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 21 FF Delivers a Unique Value Proposition Through Differentiated Brand Positioning — Differentiated premium brand positioning — FF products designed for different vehicle segments, sharing common brand DNA — Modern design: styling and interior mater
Slide 22: A white space exists where future customers demand both luxury and technology
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 22 A white space exists where future customers demand both traditional luxury and cutting - edge technology and connectivity. FF 91 Futurist delivers both. FF 91 Futurist — The Very First Ultimate Intelligent TechLuxury Product Offering
Slide 23: FF Futurist Performance Specs Compare Favorably with Other Ultra-luxury Vehicles
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 23 FF 91 Futurist Performance Specs Compare Favorably with Other Ultra - luxury Vehicles Ferrari 296 GTB 0 – 60 mph 2.9 sec Horsepower 818 HP Range 330 miles Mercedes Maybach S 680 4Matic 0 – 60 mph 4.5 sec Horsepower 621 HP Range 297 miles Rolls Ro
Slide 24: FF Futurist Performance Specs Compare Favorably With a Technology Vehicle
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 24 FF 91 Futurist Performance Specs Compare Favorably With a Technology Vehicle