Lucid Group, Inc. · NASDAQ:LCID
Lucid — Q3 2021 Earnings Presentation
24 slides from Lucid's earnings presentation, Nov 15, 2021
Slide 1: Third Quarter 2021 Earnings Release
THIRD QUARTER EARNINGS RELEASE Third Quarter 2021 Earnings Release November 15, 2021 LUCID GROUP, INC. – 2021
Slide 2: Forward Looking Statements Non-GAAP Financial Measures
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 4 Overview 5 Technology 6 Manufacturing 7 Sales and Service 8 Financial Highlights 9 Media 10 Imagery 11 Financials 19 LUCID GROUP, INC. – 2021 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. – 2021 4
Slide 5: Overview of Key Third-Quarter Operational Highlights
THIRD QUARTER EARNINGS RELEASE Overview of Key Third-Quarter Operational Highlights As of September 30, 2021 Key Start of Production September 2021 (Started deliveries on October 30, 2021) Statistics Reservations Greater than 13,000 (Greater than 17,000 as of November 15, 2021) Order Book Over $1.3B
Slide 6: Innovative In-House Design Delivers 100+ Miles More Range Than Closest Competitor
THIRD QUARTER EARNINGS RELEASE Innovative In-House Design Delivers 100+ Miles More Range Than Closest Competitor Lucid’s technological prowess is a key differentiator for the company, with a “clean- sheet” approach to vehicle development that resulted in the ground-breaking Lucid Air with six trim v
Slide 7: Customer Deliveries Underway From North America's First Dedicated Greenfield EV Manufacturing Facility
THIRD QUARTER EARNINGS RELEASE Customer Deliveries Underway From North America’s First Dedicated Greenfield EV Manufacturing Facility Advanced Manufacturing Plant-1 (AMP-1) is Lucid’s vehicle manufacturing facility in Casa Grande, Arizona with production capacity of up to 34,000 vehicles per year. L
Slide 8: Direct-to-Consumer Focus Ramps With New Studio and Service Center Launches
THIRD QUARTER EARNINGS RELEASE Direct-to-Consumer Focus Ramps With New Studio and Service Center Launches Lucid’s directly-owned and operated retail studio and service centers enable unparalleled customer experience. Lucid is excited to continue the expansion of its retail and service network, inclu
Slide 9: Financial Highlights: Strength of Balance Sheet and Investments for Growth
THIRD QUARTER EARNINGS RELEASE Financial Highlights: Strength of Balance Sheet and Investments for Growth ($ Million, unless otherwise stated; Unaudited) BALANCE SHEET: Period Ending 09/30/21 12/31/20 % Change In the third quarter of 2021, Lucid significantly strengthened our Cash and Cash Equivalen
Slide 10: Unprecedented Media Coverage
THIRD QUARTER EARNINGS RELEASE Unprecedented Media Coverage LUCID GROUP, INC. – 2021 10
Slide 11: Imagery
THIRD QUARTER EARNINGS RELEASE Imagery LUCID GROUP, INC. – 2021 11
Slide 12: Nasdaq Listing Day, July 2021
NASDAQ LISTING DAY, JULY 26 2021 LUCID GROUP, INC. – 2021 12
Slide 13: Lucid Air Production Reveal Boxes, NYC
LUCID AIR PRODUCTION REVEAL BOXES, NYC LUCID GROUP, INC. – 2021 13
Slide 14: Lucid Air Interior
LUCID AIR INTERIOR LUCID GROUP, INC. – 2021 14
Slide 15: Lucid Air Interior Detail
LUCID AIR INTERIOR DETAIL LUCID GROUP, INC. – 2021 15
Slide 16: Lucid Air Production, AMP-1, Casa Grande, AZ
LUCID AIR PRODUCTION, AMP-1, CASA GRANDE, AZ LUCID GROUP, INC. – 2021 16
Slide 17: Lucid Air Production, AMP-1, Casa Grande, AZ
LUCID AIR PRODUCTION, AMP-1, CASA GRANDE, AZ LUCID GROUP, INC. – 2021 17
Slide 18: Lucid Air Production, AMP-1, Casa Grande, AZ
LUCID AIR PRODUCTION, AMP-1, CASA GRANDE, AZ LUCID GROUP, INC. – 2021 18
Slide 19: Financials
THIRD QUARTER EARNINGS RELEASE Financials LUCID GROUP, INC. – 2021 19
Slide 20: Condensed Consolidated Balance Sheets (Unaudited)
THIRD QUARTER EARNINGS RELEASE Condensed Consolidated Balance Sheets (Unaudited) (In thousands) September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 ASSETS LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS' EQUITY (DEFICIT) Current assets: Current liabilities: Cash and
Slide 21: Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
THIRD QUARTER EARNINGS RELEASE Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Three Months Ending September 30 Nine Months Ending September 30 (In thousands, except share and per share data) 2021 2020 2021 2020 Revenue $ 232) $ 334) $ 719) $ 342) Cost of revenue 3,320) 609)
Slide 22: Condensed Consolidated Statement of Cash Flows (Unaudited)
THIRD QUARTER EARNINGS RELEASE Condensed Consolidated Statement of Cash Flows (Unaudited) Nine Months Ending September 30 (In thousands) 2021 2020 Net cash used in operating activities $ (745,401) $ (377,407) Net cash used in investing activities (299,294) (355,860) Net cash provided by financing ac
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)
THIRD QUARTER EARNINGS RELEASE Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three Months Ending September 30 Nine Months Ending September 30 (In thousands) 2021 2020 2021 2020 ADJUSTED EBITDA Net loss and comprehensive loss (GAAP) $ (524,403) $ (161,237) $ (1,534,081) $ (408,105
Slide 24: L_ LIC ICO
L_ LIC ICO