38 slides from Faraday Future Intelligent Electric's earnings presentation, Nov 13, 2023
Slide 1: Third Quarter 2023 Earnings Release
Use Roboto here Faraday Future Intelligent Electric Inc. Third Quarter 2023 Earnings Release November 13, 2023
Slide 2: Legal Disclaimers
Legal Disclaimers 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. When used in this presentation the words “estimates,” “projected,” “expects,” “
Slide 3: Table of Contents
01. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery Table of Contents © 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 3 3 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 4: Company Overview
1. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery © 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 3 4 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 5: Company Overview Key Facts
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 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 patents for both EV and I.A.I. technology competiti
Slide 6: Product & Technology Revolution: New Four Trends
Al l - A bility Al l - Hyper The Ultimate AI TechLuxury Product & Technology Revolution New Four Trends A ll - AI C o - Cr e ation © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 6
Slide 7: FF aiHyper 6x4 Architecture 2.0
All - Terrain AI Body Control Technology Integrated multi - axis torque technology system for AI propulsion, steering and braking AI Space & Internet Technology System aiDriving Technology System 3r d a i Sp a ce Hyper Multi - Vectoring Magic All - In - One 1 2 3 FF aiHyper 6x4 Architecture 2.0 Ve r
Slide 8: FF aiHyper Architecture
F F a i H y p e r 6 x 4 A r c h i te c t u r e 2 . 0 The Next - generation AI Powered Technology Architecture Product & Technology Revolution New Four Trends 8 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 9: General AI, Personalized AI, Private AI
General AI Personalized AI 1 - on - 1 Bespoke Private AI Al l - AI + + 9 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 10: Magic All-In-One
Magic All - In - One All - terrain AI Body Control Technology System Hype r c ar Pe rfo rm ance S e dan C o mfort SUV High ground clearance, visibility and space 10 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 11: Range and Battery Pack Energy
EPA C e rtifi e d Rang e ˖ 38 1 mi Battery P ack Energy: 14 2 kWh The highest in its class Est. CLTC Range ˖ The longest in its class 80 0 + km 11 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 12: Tri-Motor and Hyper Multi-Vectoring
Tr i - Motor 10 5 0hp The highest power output in its class Hyper Multi - Vectoring 12 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 13: Redefining Ultimate AI TechLuxury Safety Standards
R ede f i n i n g U l t i m at e A I T ec h L u x ur y S a f e t y S t a n da r d s M o a t P a c k S t r u c t u r e M o a t B o d y S t r u c t u r e 13 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 14: Hyper Multi-Vectoring
Hyper Multi - Vectoring Multi - axis torque system for propulsion, steering and braking empowered by AI Hypercar Acceleration Class - leading Range Moat Pack Structure Steering by Propulsion 14 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 15: FF aiDriving
The first automotive OEM in America equipping production vehicles with a high - resolution, ultra - long - range Lidar. World Class Sensor Suite F F a i D r i v i n g 15 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL aiDriving Technology System Powerful Compute Platform One of the most powerful
Slide 16: FF Generative AI
FF Generative AI First Ever Generative AI Capability In Vehicle 16 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 17: Co-Creation
FF is a User - centric Enterprise, and the Developer Co - Creation Officers Create Value While Sharing Benefits by Engaging in FF's Cutting - edge Technologies C o - Cr e ation The Co - Creation business model is an open UP2U (User Planning to User) business model that allows users or Co - Creators
Slide 18: Business Update
1. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery © 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 18 18 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 19: First Production FF Vehicle Off the Line
On April 14, 2023, Faraday Future’s First Production FF 91 Vehicle Came off the Line at its FF ieFactory California 19 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 20: Three-Phase Delivery Plan
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 20 Faraday Future is at a Critical Inflection Point – Officially Delivered the Very First FF 91 2.0 Futurist Alliance to its First Spire User and Kicked Off its August Developer Co - Creation Festival (1) Phase Three of the Three - Phase Delivery pl
Slide 21: Delivery Co-Creation Day
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 21 Delivery Co - Creation Day — FF has delivered FF 91 2.0 Futurist Alliance vehicles to the first group of Owners and Developer Co - Creation Officers including, — Chris Brown, who is an American singer, songwriter, rapper, dancer, actor and busine
Slide 22: Racetrack Co-Creation Day
Racetrack Co - Creation Day Racetrack Co - Creation Day FF vs Hypercars Challenge — The FF 91 2.0 Futurist Alliance set a new track record time in its class, the record previously recorded by a Lamborghini Urus, with a time of 1:28.130. This marks a seven - second improvement in the last four months
Slide 23: FF All Hyper Racing Team
“FF All Hyper Racing” Team The “FF All Hyper Racing” team will be comprised of six distinguished groups: world champion racers, leading automotive engineering experts, top AI scientists, leaders of premier automotive modification shops, celebrities, and the FF team Derek Bell Five - time Le Mans 24
Slide 24: The FF 91 2.0 Futurist
1. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery © 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 24 24 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 25: FF Futurist Extreme Technology and Ecosystem
FF 91 Futurist — Extreme Technology, Ultimate Intelligent User Experience and a Complete Ecosystem 25 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 26: Significant Upgrades of Key Components
Significant Upgrades of Key Components — FF 91 Futurist is a Competitive TechLuxury Offering 26 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL .
Slide 27: FF Futurist features
© 2023 FARADAY FUTURE All statements shown reflect expected performance / capabilities for production ready vehicles. Actual performance / capabilities may be different. Please see Risk Factors within the Form 10 - K/A filed with the SEC on August 21, 2023 and Form 10 - Q filed with the SEC on P N R
Slide 28: Financials
© 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 28 PROPRIETARY AND CONFIDENTIAL 28 01. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery © 2023 FARADAY FUTURE
Slide 29: Condensed Consolidated Statement of Operations
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 29 Condensed Consolidated Statement of Operations (Unaudited ) Nine Months Ended September 30, Three Months Ended September 30, 2022 (1) 2023 2022 (1) 2023 (in thousands, except share and per share data) Revenues $ — $ 551 $ — $ 551 Auto sales Cost
Slide 30: Condensed Consolidated Balance Sheet
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 30 Condensed Consolidated Balance Sheet (Unaudited ) December 31, 2022 (1) September 30, 2023 (in thousands, except share and per share data) Assets Current assets $ 16,968 $ 6,714 Cash 1,546 1,853 Restricted cash 4,457 35,215 Inventory 44,066 62,55
Slide 31: Condensed Consolidated Statement of Cash Flows (1 of 2)
Condensed Consolidated Statement of Cash Flows (Unaudited ) (1 of 2) 31 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL Nine Months Ended September 30, (i n t housan ds) 2022 2023 Cash flows from operating activities $ (414,664) $ (347,947) Net loss Adjustments to reconcile net loss to net cash u
Slide 32: Condensed Consolidated Statement of Cash Flows (2 of 2)
Unaudited Condensed Consolidated Statement of Cash Flows (Unaudited ) (2 of 2) 32 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL December 31, 2022 September 30, 2023 (i n t housan ds) $ 16,968 $ 6,714 Cash 1,546 1,853 Restricted cash $ 18,514 $ 8,567 Total cash and restricted cash Nine months en
Slide 33: Imagery
1. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 33 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 34: Slide 34
Slide 35: Slide 35
Slide 36: Slide 36
Slide 37: Slide 37
Slide 38: Thank you
39 Alternate outro image Thank you R e s e r ve y ou rs to d ay — htt p s://w w w .ff. c o m /us/pr eo r de r/