Lilium N.v. · OTC:LILMF
Lilium — Investor Presentation (April 2023)
28 slides from Lilium's investor presentation, April 2023
Slide 1: Revolutionizing sustainable, high-speed regional air mobility
Revolutionizing sustainable, high-speed regional air mobility April 2023
Slide 2: Highly performant, premium, jet aircraft
Highly performant, premium, jet aircraft 250KM ZERO HIGH-SPEED MAX RANGE LOW NOISE OPERATING EMISSIONS HIGHEST SAFETY 250 KM/H1 175 KM OPERATING RANGE1 68 dBA at 100 M1 FULLY ELECTRIC1 10-9 SAFETY LEVEL2 Source: Architectural performance assessment of an eVTOL aircraft. Lilium engineering assessment
Slide 3: Our vision is to democratize electric aviation
Our vision is to democratize electric aviation Launch in BA/GA Segment, scale in Commercial Aviation Democratize electric aviation Replace high CO2 - Scale to commercial Introduce additional high-range 50-Pax CTOL emitting private aviation aviation & ground aircraft leveraging Lilium technology flig
Slide 4: Lilium and the Lilium Jet have both substantially matured
Lilium and the Lilium Jet have both substantially matured Company Aircraft Progress on certification basis Business Model shift from Airline to with EASA – 100% certification OEM plans submitted Matured from startup to aerospace Architecture and configuration frozen, performance company demonstrated
Slide 5: Our team has the experience we believe is necessary to successfully build and deliver the Lilium Jet
Our team has the experience we believe is necessary to successfully build and deliver the Lilium Jet BOARD ENGINEERING, PROGRAM, AND MANUFACTURING FINANCE AND COMMERCIALIZATION Tom Enders Klaus Roewe Daniel Wiegand Alastair McIntosh Yves Yemsi Oliver Vogelgesang Sebastien Borel Chairman & Investor C
Slide 6: Next major Lilium value drivers expected to be unlocked
Next major Lilium value drivers expected to be unlocked 2015 - 2020 2021 2022 2023 2024 2025 Sign binding agreements Test campaign with deposits First manned flight with type Receive Type Developed 4 generations Historic with 5th gen. conforming aircraft Certification of test aircraft transition fli
Slide 7: Why we believe Lilium's design wins
Why we believe Lilium’s design wins PASSENGERS PREFER JETS 1 SPACIOUS PREMIUM CABIN HIGH PAYLOAD, HIGH SPEED, AND LONG RANGE 2 SCALABLE AND VERSATILE PLATFORM HIGHEST SAFETY STANDARDS IN THE INDUSTRY 3 LOW PHYSICAL COMPLEXITY – SOFTWARE CONTROLLED Source: Architectural performance assessment and exp
Slide 8: We believe Lilium's cabin will deliver a premium experience
We believe Lilium’s cabin will deliver a premium experience Source: Company information. P. 8 P. 8
Slide 9: Versatile design can open up multiple business segments
Versatile design can open up multiple business segments 4 PASSENGER CLUB CABIN 6 PASSENGER SHUTTLE CABIN FLEXIBLE CARGO CABIN: 6 m3 volume SCALABLE PLATFORM Larger form factors on same technologies in the future Source: Management estimates P. 9
Slide 10: Plan to launch in premium, scale with OEM sales & network
Plan to launch in premium, scale with OEM sales & network LAUNCH SCALING PREMIUM MASS (COMMERCIAL AVIATION) PRIVATE (including Pioneer Edition) CHARTER SERVICES & FRACTIONAL OWNERSHIP OEM SALES & LILIUM NETWORK Taking deposits as of early 2023 Taking pre-delivery payments by end of 2023 Taking pre-d
Slide 11: Pioneer Edition Lilium Jet
Pioneer Edition Lilium Jet Limited run of Lilium Jets expected to be sold via direct sales & partners Customization options >50% of purchase price to be paid as pre-delivery payments Source: Management estimates P. 11
Slide 12: Continued commercial momentum
Continued commercial First pre-delivery payment received from eVolare1 momentum MoU with Ifly Total order pipeline of 640 aircraft DUSTIN DRYDEN, CHAIRMAN AND FOUNDER OF VOLARE AVIATION 1 A subsidiary of Volare Aviation P. 12
Slide 13: Order pipeline of 640 aircraft
Order pipeline of 640 aircraft – Right to order up to 40 Lilium Jets First pre-delivery payments received from eVolare – Sustainable Scandinavian air mobility – Right to order up to 20 Lilium Pioneer Edition Jets – Premium sustainable demand in UK market – Right to order up to 6 Lilium Jets – Premiu
Slide 14: Core technologies power multiple aircraft designs
Core technologies power multiple aircraft designs ELECTRIC DUCTED PROPRIETARY ARCHITECTURE AND FUTURE: JET ENGINES BATTERY SYSTEMS FLIGHT CONTROLS AUTOMATION & AUTONOMY ECOSYSTEM OF LEADING TIER 1 SUPPLIERS THE LILIUM JET POTENTIAL FUTURE AIRCRAFT PLATFORMS 4-6 PAX Larger electric aircraft Source: L
Slide 15: Ducted Electric Vectored Thrust (DEVT) differentiates Lilium jet from all open-rotor competitors
Ducted Electric Vectored Thrust (DEVT) differentiates Lilium jet from all open-rotor competitors - 95% of all global airplanes use jet engines, which are preferred by customers for their high safety, low vibrations, and low noise - We have developed our own electric version, with an electric motor r
Slide 16: Battery advancements in performance and cycle life
Battery advancements in performance and cycle life Confirmation of battery cell technology – Third-party independent laboratory testing has confirmed 88% energy remaining in the full- size prototype cells after 800 charging cycles with 100% depth of discharge – Our cell technology is on track to del
Slide 17: We believe Lilium's high cruise efficiency will yield significant range improvements as batteries improve
We believe Lilium’s high cruise efficiency will yield significant range improvements as batteries improve ENERGY DENSITY (Wh/kg) 2030 500 LILIUM JET Vertical Take-off Transitions BATTERY 2025 ELECTRIC VEHICLE 300 Cruise Phase Vertical Landing 100 Reserve Do Not Touch 2000 2010 2020 2025 2030 STATE O
Slide 18: Circular battery economy and renewable electric infrastructure
Circular battery economy and renewable electric infrastructure Building the next generation of Re-use batteries Recycle batteries fast charging infrastructure ABB & Lilium plan to revolutionize charging Used cells still have Possible to recover >95% infrastructure for regional air travel ~80% of sto
Slide 19: Strong lineup of patents to create lasting value
Strong lineup of patents to create lasting value Lilium Patent Applications by Systems Avionics and Automated 80 patents filed Flight Structures and Interior 47 patents published Electronic ~13% ~3% Core patents protected in EU, US, China ~12% Anticipate further applications will be submitted prior
Slide 20: Key supply chain partners ramping up
Key supply chain partners ramping up Type-conforming aircraft due to go into assembly this year ~78% of expected Bill of Materials cost selected or contracted Testing starts on high-performance e-motors Source: Company information, management estimates. P. 20
Slide 21: Flight tests validate architecture & support certification
Flight tests validate architecture & support certification Full transition in straight and level flight conditions Test data validates robustness of computer models – consistent with engineering estimates – supporting certification Max speed 136 kt / 250 km/h achieved Flight test campaign continues
Slide 22: Significant progress towards certification
Significant progress towards certification Certification Basis Which requirements will EASA 100% AGREED 1. EASA, who is Lilium’s primary apply for the Lilium Jet? airworthiness authority, have published airworthiness certification requirements representing the highest safety objectives globally for
Slide 23: Refined company strategy to secure cashflows with greater visibility, higher quality, and less risk
Refined company strategy to secure cashflows with greater visibility, higher quality, and less risk Additional focus on Refined aircraft OEM sales sales price Pursue premium Refined high-margin BUSINESS private market aftermarket revenues Introduced Targeting pre-delivery Sale-Lease-Back payments ap
Slide 24: Premium and Mass target segments with complementary advantages
Premium and Mass target segments with complementary advantages PREMIUM MASS Private Sales OEM Sales Lilium Network High margins, but lower volume High volume, but greater discounts High recurring revenues, but cash intensive High deposits Attractive Pre-Delivery Payments Direct customer interface Ea
Slide 25: Expected list price per business line
Expected list price per business line PREMIUM MASS Private Sales OEM Sales Lilium Network (Sales to Lessor) Aircraft sales LIST PRICE1 LIST PRICE1 LIST PRICE1 (one-off) ~€10M ~€7M ~€7M Aftersales or Additional recurring Additional recurring Additional recurring Ticket Sales aftersales service afters
Slide 26: Pre-delivery payments and deposit considerations
Pre-delivery payments and deposit considerations Lilium plans to receive additional – Private individuals assumed to pay a deposit Deposits when signing binding purchase agreement deposits in early 2023 PRE-DELIVERY PAYMENTS Ramp-up of PDPs “(...), commercial airlines would pay OEMs anticipated in 2
Slide 27: Attractive company highlights
Attractive company highlights HIGH VALUE HIGHLY DESIRABLE PRODUCT COMMERCIAL STRATEGY We believe to have the most performant Start with high-margin Premium, followed by eVTOL jet: range, speed, payload high volume OEM & network sales Large spacious cabin allows for Premium with highly attractive pot
Slide 28: Legal Disclaimer
Legal Disclaimer No Representations or Warranties No representations or warranties, express or implied, are given in, or in respect of, this presentation or the accompanying oral presentation (collectively, this “presentation”). This presentation does not purport to be comprehensive or all- inclusiv