20 slides from Faraday Future Intelligent Electric's earnings presentation, Mar 27, 2025
Slide 1: Fiscal Fourth Quarter 2024 Earnings Presentation
© 2024 FARADAYFUTURE Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) Fiscal Fourth Quarter 2024 Earnings Presentation March 27, 2025 X © 2024 FARADAYFUTURE
Slide 2: Legal Disclaimers
X LEGAL DISCLAIMERS © 2024 FARADAYFUTURE 2 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 video, the words “estimates,” “proj
Slide 3: Table of Contents
TABLE OF CONTENTS 1. Company Overview 2. 2024 Highlight s and 2025 Outlook 03. 2024 Financial Highlights 4. 2024 Q4 Key Accomplishments 5. 2024 Full Year Accomplishments and Subsequent Events 6. 2025 Technology & AI Development Planning 07. Appendix X X © 2024 FARADAYFUTURE © 2024 FARADAYFUTURE 3
Slide 4: Company Overview
X © 2024 FARADAYFUTURE COMPANY OVERVIEW Company History: • Founded in 2014 by YT Jia, a serial entrepreneur and the originator of Smart TV in China Market . Faraday Future is a California based global shared intelligent mobility ecosystem company with a vision to disrupt the automotive industry . •
Slide 5: 2024 Highlights & 2025 Outlook
X © 2024 FARADAYFUTURE 2024 HIGHLGHTS & 2025 OUTLOOK FF built Light, Swift, and Empowering Model: Light: Resource - efficient in assets, capital, and marketing Swift: Agile decision - making, execution, and production Empowering: Products, team members, users, and our global strategy FX Cooperation
Slide 6: 2024 Financial Highlights
Q4 2024: • Net Loss from Operations was $30.3m, a 55.3% improvement from $67.8m in Q4'23 • Operating Cash Outflow decreased by 51.3% to $18.4m, compared to $37.8m in Q4'23. • Financing Cash Inflow totaled $25m in Q4'24, close to $26.6m in Q3'24, exceeding operating cash outflows for two consecutive
Slide 7: Key Accomplishments: Q4 Snapshot
KEY ACCOMPLISHMENTS: Q4 SNAPSHOT Vehicle Delivery FF 91 2.0 Futurist Alliance (FF 91) delivery including Suede Brooks, a YouTube influencer, fashion model, and designer, as well as Entrepreneur and community leader Luke Hans. anufacturing • Vehicle Body Parts: FF secured 100 sets of FUJI vehicle bod
Slide 8: Full Year Accomplishments: Vehicle Delivery, Manufacturing & Improvements
FULL YEAR ACCOMPLISHMENTS & SUBSQUENT EVENTS - VEHICLE DELIVERY, MANUFACTURING & IMPROVEMENTS Vehicle Delivery In 2024, FF delivered 6 FF 91 vehicles Users Includes: • Born Leaders Entertainment in Hollywood • Motev, a B2B Co - Creation Partner Founded by Robert Gaskill and Morgan Freeman • Fashion
Slide 9: Full Year Accomplishments: Technology & AI
FULL YEAR ACCOMPLISHMENTS & SUBSQUENT EVENTS - TECHNOLOGY & AI Enhanced the FF 91's capabilities through nearly 1600 software upgrades through several Ove - the - air (OTA) updates. User Feedback Optimization Feedback submission directly through the FFAI voice assistant, simplifying the process of s
Slide 10: Full Year Accomplishments: Financing & Nasdaq Compliance
FULL YEAR ACCOMPLISHMENTS & SUBSQUENT EVENTS - FINANCING & NASDAQ COMPLIANCE Capital market performance underwent a fundamental improvement: • Regained NASDAQ full Compliance • On September 4, 2024, Nasdaq officially confirmed FF’s full compliance with listing requirements. This achievement follows
Slide 11: Full Year Accomplishments: Operational & Human Resources
X © 2024 FARADAYFUTURE FULL YEAR ACCOMPLISHMENTS & SUBSQUENT EVENTS - OPERATIONAL & HUMAN RESOURCES Operational Operational Resilience • Sustained FF 91 deliveries despite global supply chain and tariff challenges. • Launched second brand (FX) and Bridge Strategy at a pivotal moment. • Strengthened
Slide 12: Full Year Accomplishments: Faraday X & Global Development
FULL YEAR ACCOMPLISHMENTS & SUBSQUENT EVENTS - FARADAY X & GLOBAL DEVELOPMENT Faraday X (FX) Development Established Faraday X AIEV Inc.: Created in early September 2024 to operate the FX strategy and products. Strategic Cooperation with Chinese OEMs: • Signed framework agreements or MOUs with sever
Slide 13: 2025 Technology & AI Development Planning
2025 TECHNOLOGY & AI DEVELOPMENT PLANNING FF / FX Software Enhancements: Continue to improve system stability and user experience through multiple software version iterations. • AI - Powered Smart Cabin: • Complete the development of the first - generation smart cabin product based on AI Agent techn
Slide 14: Appendix
© 2024 FARADAYFUTURE Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) Appendix March 27, 2025 X © 2024 FARADAYFUTURE
Slide 15: 2024 Unaudited Consolidated Balance Sheets
APPENDIX 2024 - UNAUDITED CONSOLIDATED BALANCE SHEETS December 31, 2023 December 31, 2024 (In thousands) Assets $ 4,025 $ 7,174 Cash and restricted cash 34,229 27,486 Inventory, net 53,110 37,221 Deposits and other current assets 91,364 71,881 Total current assets 417,812 348,587 Property, plant and
Slide 16: Unaudited Consolidated Statements of Operations
Year Ended December 31, 2023 Year Ended December 31, 2024 Three Months Ended December 31, 2023 Three Months Ended December 31, 2024 (In thousands) $ 784 $ 539 $ 233 $ 235 Revenue 42,607 84,029 19,863 20,919 Cost of revenue (41,823) (83,490) (19,630) (20,684) Gross profit Operating expenses 132,021 2
Slide 17: 2024 Unaudited Consolidated Statements of Cash Flows (1/2)
APPENDIX 2024 - UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS(1/2) December 31, 2023 December 31, 2024 (In thousands) Cash flows from operating activities $ (431,744) $ (355,847) Net loss Adjustments to reconcile net loss to net cash used in operating activities: 42,473 71,442 Depreciation and amo
Slide 18: Unaudited Consolidated Statements of Cash Flows (2/2)
December 31, 2023 December 31, 2024 (In thousands) Cash flows from investing activities — 198 Proceeds from the sale of equipment (31,109) (7,580) Payments for property and equipment (31,109) (7,382) Net cash used in investing activities Cash flows from financing activities 210,450 68,111 Proceeds f
Slide 19: 2024 Key Moment Snapshot
X APPENDIX 2024 KEY MOMENT SNAPSHOT © 2024 FARADAYFUTURE 19
Slide 20: Thank you for your time! See you next quarter
Thank you for your time! See you next quarter X