Workhorse Group, Inc. · NASDAQ:WKHS
Workhorse — AMP Holding — Investor Presentation (November 2014)
18 slides from Workhorse's investor presentation, Nov 12, 2014
Slide 1: The Future of Logistics: Electric Trucks, Vans and Drones
AMP HOLDING INC. THE FUTURE OF LOGISTICS: ELECTRIC TRUCKS, VANS AND DRONES. INVESTOR PRESENTATION WORKHORSE
Slide 2: Disclaimer
AMP HOLDING INC. THE FUTURE OF LOGISTICS: ELECTRIC TRUCKS, VANS AND DRONES. WORKHORSE DISCLAIMER: THIS REPORT MAY CONTAIN FORWARD-LOOKING STATEMENTS THAT REFLECT CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS. ANY SUCH STATEMENTS ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
Slide 3: AMP's Workhorse: The Tesla of Delivery Vehicles
ee AMP’S WORKHORSE — fC aA THE “TESLA” OF DELIVERY VEHICLES _/ WORKHORSE / THE FUTURE OF FLEET LOGISTICS The WORKHORSE delivery truck is the result of more than five years of collaboration between Navistar and AMP. + On (8/18/2014) the EPA approved the extended range Workhorse E-GEN truck which comb
Slide 4: AMP's Electric Drone: The Last Mile Solution
Se oe AMP’S ELECTRIC DRONE: Y =A THE LAST MILE SOLUTION —— 7 WORKHORSE It costs about $1 fo move a 20,000-pound diesel powered truck one mile. AMP's vehicles can reduce the cost from $1 to less than $0.30 cents per mile. With drones handling the last leg of a delivery it can bring the cost down subs
Slide 5: Electric Trucks Plus Drones Could Make Deliveries Green
—ZU0(LPUT UCLLTTCTCTuTUICTRF=<=Vy=p(UvUTUTTCU=&<CATC0(TC($bFTUT(T(tTlTTEE i ——————— ELECTRIC TRUCKS PLUS DRONES COULD MAKE DELIVERIES Z = a —_— “GREEN” Fox NEWS NOVEMBER 3, 2014 _/ WORKHORSE Amazon drone delivery from the warehouse to doorstep versus AMP's drone from the delivery truckto doorstep *
Slide 6: Why Invest in AMP Holdings Now?
x — WHY INVEST IN AMP HOLDINGS NOW? y WORKHORSE US drone regulations to be decided impacting the entire package delivery market * Having received EPA approval in August, AMP Is primed to ramp-up commercial production of their patent- pending E-GEN (extended range electric step van) and E-100 (all el
Slide 7: AMP's Management Team
AMP’S MANAGEMENT TEAM WORKHORSE Name Tite ole xpevence Stephen Bors Founder and CEO aoe dg mene | 0 enh meme ene seven E ‘monstonuing.Verwonentaprna and finder otreverl memos 34 yeorsof experience onometvaergnesing ond managarer, Sermo: 0 of James tole Creimonctnesoon __‘PoSeshdependaadve nde merrog
Slide 8: The Market for AMP's Workhorse Trucks
ee A FA —4 THE MARKET FOR AMP’S WORKHORSE TRUCKS WORKHORSE THE MARKET FOR ELECTRIC LOGISTICS VEHICLES Category + Step Van/Strip Chassis Total US Market Sizein + $1.3Billion, Estimated 12,000-15,000 units per year Units Recnadlies 6 Moloney Glau * Alternative fuel options « inelecec property Beondna
Slide 9: AMP Targeted the Commercial Market
AMP TARGETED THE COMMERCIAL MARKET am STRATEGY IS LESS CAPITAL INTENSIVE THAN TESLA WORKHORSE x a AMP —Commercial Market ITESLA-Retail Market Low cost, fleet sales are based on _ Expensive, national marketing e economic savings campaign Range No issue due to local routes Challenging low cost, fleets
Slide 10: Our Competitive Advantage
ee OUR COMPETITIVE ADVANTAGE AMP believes its al Key Features and Innovative Highlights * The EPA approved E-GEN Workhorse truck provides a unique extended range solution to the medium duty truck market ~ this is the only fone on the market * Batteries are the most expensive part of an EV. By using
Slide 11: The Workhorse E-GEN Is Cost Effective
ee THE WORKHORSE E-GEN IS COST EFFECTIVE FN —_— 4 WORKHORSE $300 EGEN Truck =—=Gos Truck $250 Thousands $239 $76 $50 so Yeor1 Yeor 2 Yeor 3 Yeor 4 Yeor 5 Yeor 6 Yeor7 Yeor 8 Yeor 9 Yeor 10
Slide 12: State Incentives to Drive EV Sales
ee Yo ZN —Z Y STATE INCENTIVES TO DRIVE SALES EV SALES y WORKHORSE / a Serda ooo ee ee {$60,000 voucher that reduces the purchase price to $73,000. Vehicles destined for New York operations are equipped with a cold weather package for mointaining battery performonce. The HVIP is designed to offset m
Slide 13: AMP Set to Ramp Production; Acquired Navistar Plant & Brand in 2013
—ZU0(LPUT UCLLTTCTCTuTUICTRF=<=Vy=p(UvUTUTTCU=&<CATC0(TC($bFTUT(T(tTlTTEE i ——————— AMP SET TO RAMP PRODUCTION; be ACQUIRED NAVISTAR PLANT & BRAND IN 2013 _/ WORKHORSE AMP Holding Inc. acquired the Workhorse brand, engineering, and factory from Navistar International Corporation (NYSE: NAV) and esta
Slide 14: AMP Headquarters: EV Vehicle and Drone (R&D) Facility
AMP HEADQUARTERS: EV VEHICLE AND DRONE (R&D) FACILITY FN ——Y7 _/ WORKHORSE / E-GEN Drive System (below) Integrated Parking Pow! Drivesholt Yole 10 Kw/25 HP IC lurch Substromewith 2point Moun! te Chassis AMP Electric Vehicles, Inc. Cincinnati, OH Proven expertise in engineering variations to traditio
Slide 15: AMP's Product Line
ee AMP’S PRODUCT LINE y eal ——Y7 y WORKHORSE Innovative design and attractive price point positions AMP Trucks/Workhorse as a top competitor in this market segment. e——=>=>z>E—={&_{—=E{a«&===xXX{qij{}e[ellee The Workhorse strip chassis can be powered by an array of propulsion systems and fuel choice
Slide 16: E-GEN Workhorse W88 Chassis Layout
ee ye ZA etnies | E-GEN WORKHORSE W88 CHASSIS LAYOUT: hi “WORKHORSE DEPLOYING THE SAME PANASONIC BATTERY AS TESLA if ‘ Rear oxle _=i\ with integroted WORKHORSE porking broke ‘W88 Chossis Layout AMP controle and power distribution 60 KWh lion Battery Pack with integrated ¢— BMS ond HVIL protection On
Slide 17: Value Drivers
Yo J = y/ — ~4\ VALUE DRIVERS _/ WORKHORSE / Competitive * Workhorse brand is well received Advantages Compelling Value Proposition AMP products provide breakthroughs in fuel and maintenance efficiency, and environmental impact Acquisition of the Workhorse plant and proprietary technological advance
Slide 18: Contact Information
Y = — CONTACT INFORMATION / WORKHORSE David Weinstein Dawson James Securities Office: 561.208.2935 Mobile: 561.302.1897 Email: dweinstein@dawsonjames.com Company Website: www.ampelectricvehicles.com