Slide 1: Workhorse Group Inc. Sidoti Emerging Growth Presentation
Slide 2: Forward-looking statements
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 differ materially from those projected in these forward-looking statements. For more Information
Slide 3: Workhorse Group Inc. (NASDAQ: WKHS)
WworKHoRSe Workhorse Group Inc. (NASDAQ: WKHS) lect Vehicle
Slide 4: Introduction
INTRODUCON Workhorse Group Inc. (NASDAQ: WKHS) is a last-mile delivery technology company. We are an original equipment manufacturer of medium-duty, battery-electric trucks and fully integrated unmanned aerial delivery drones. Workhorse also develops cloud-based Ilematics pevtomence monitoring syste
Slide 5: Workhorse Technology
WORKHORSE TECHNOLOGY Workhorse’s ground-breaking while delivering benefits that include, but are not limited proved profitability from . 1 Hoieenty reduced total cost-of-ownership per vehicle (© decreased maintenance expen: 100% imp ovement in fuel efficiency leliveries per day through even more eff
Slide 6: Attractive Economics
ATTRACTIVE ECONOMICS Saeco ies —@-EGEN
Slide 7: Seige Chose
Seige Chose
Slide 8: Workhorse Develops Metron Telematics
Workhoree Develops Metron Telematics a Vy The cata varanted wicks over proof-of-performance monitoring system that provides Slants acess to realtime data fo monitor, measure the performance of and track vehicles in the clionts fl {season ote B) ee mewaasieed a Dama ~ * The aa soged fom te CANBUS tho
Slide 9: Workhorse Metron Telematics Performance Monitor
Slide 10: The future of parcel delivery: HorseFly UAS
the fur 2 of parcel d HorseFly™ Unmanned Aerial System (UAS) is designed for the package delivery market and other commercial applications + Designed to meet the existing and anticipated future FAA guidelines *+ Differentiated from other UAS’s os it works in tanclem with @ Workhorse electric truck +
Slide 11: FAA Section 333 exemption granted
‘On November 6, 2015 Workhorse was informed by The Federal Aviation Admit 333 Benes for exemption, Exemption No. 13564; Regulatory Docket No. FAA-2015-3055. Workhorse’s request for exemption is to operate yanned aircraft system (UAS) to co e tration (FAA) that Workhorse had been granted a Section yn
Slide 12: Facilities
FACILITIES Gicinnat OFF + 30,000 sq, foiity includes Corporate Headquarters and RED Be + Manufactures elecie eivetrins for route sales and service and lstomile delivery tucks 1 tool + Develops cloud-based, realtime telematics performance monitor + Completed durability and fad testing in 2013 + Lever
Slide 13: Competitive Landscape
COMPETITIVE LANDSCAPE ‘vehicle fecycle costs affords i sigificont advantages over competitors offerings. Workers eurcetly the only puble company preding medin-dty elect tucks Dorabilty Bult with on orray of heevier duty Some offer lighter design and bul "Me ttkapprored EEN Westone cane wih non compo
Slide 14: Market Opportunity
MARKET OPPORTUNITY coteaory + Step Von and Cob-over Strip Chasis + lish diny Heri BE Totel Market Size in Units + Overall US. marke estineted ot epproximotaly 15,000 Step Von er yeor + Overall US. market estioted ot approximately 100,000 Cab-over uns per yeor + light-duty = World wide Merket Oppomni
Slide 15: Clients
tients ‘One hundrod twenty-five (125) Workhorse E-GEN’s ordered by UPS on August7, 2105. + Two 2) Workhorse E-GEN’s acquired under a pilot program have performed very UPS since Apa 2015 hoon (18) Workherse E-100 All-Eeeie v £100 2 ll delivering packoues on routs for AllElcic vehicles delivered to UP
Slide 16: Appendix
APPENDIX
Slide 17: Board of Directors
BOARD OF DIRECTORS y Stephen Burns Steve be several companies, ett receilyMTookTHsOnMyPhone.comm, @ Founder & leoding mobile photo ond video-sharing tedology company, MableVciContral In. @ developer of highvend speech recognition sofware for smorphones Carte ve Officer 22d 10 Nuance Commutation, In.
Slide 18: Board of Directors
BOARD OF DIRECTORS Gerald Budde Board Member H. Bonjamin Samuels ‘As cla fincnclol officer (CFO) of Assured Neace Lukens, Mr. Budde is primally responsible for Financial planing, reporting ond enalyzing Asured Neoce loken finonciol information. I oddtion to being response forthe finance ond accountn
Slide 19: Management Biographies
MANAGEMENT BIOGRAPHIES ‘Me. Burns ie © Co-Founder ond equity invertor in Workhorse Becrc Vehicles He has founded several companies, mos Stophen Burns FesitGores Asc case Ci hee ol aseng Wey oes MocigvenseoneL Kec Berar As See Founder & recognition software for smartphone: sald to Nuoace Communicatio
Slide 20: Management Biographies
MANAGEMENT BIOGRAPHIES Danie Zito Bill Ruthorford Dieetr of Operetion Mr. Tito served of Chiof Business Development Officer for Cumulus Interactive Technologies Grovp before reining Werthoree Electric Vehices rior to CCmulus interactive, he held executive positions with HookThiOnMyPhone, and Advance
Slide 21: Engineering and R&D
ENGINEERING AND R&D on Wires. MSE Diectr of Engineering Chet Engineer ‘Alan Arkus, BSME, BA Development & Mechanical Engineering Director Chuck Emmons, BSEE cr Egan Mohemmad Rezvani, PRD omery Engineer involved withthe development of key products for many large corporations, sch a, Abbot Laboratorie
Slide 22: Engineering and R&D
ENGINEERING AND R&D y Thaddeus Bor, ASCIS Lead Software Engineer Alot Bloomfield, BSCSE Lead Software Engineer ‘Mr. Bort graduate! in 2008 from Fronctcan Unversty of Steuben wth « 85 in Computer Information Seence He has been wth Workhorse ance the ‘ompeny sertod in 2007 and hos worked on ll electri
Slide 23: Intellectual Property
INTELLECTUAL PROPERTY In adalion to several patents, Workhorse received schematics, CAD files, design doe te plant operations personnel, staffing ond procedures. LF72 chassis. Workhorse aleo received documents and description related Workhorse Technologies current and pending patents, service marks
Slide 24: Contact Information
CONTACT INFORMATION Stove Burns Duane Hughes oli Rodriguez Founder & CEO President CChiet Financial Officer Workhorse Group Ine. Group Ine Workhorse Group Ine 100 Canmerce Deve 100 Commerce Orve 100 Commerce Drive Lovelend, OH 43140 USA Loveland, OH 45140 USA, Loveland, OH 43140 USA Offic: 513.960.4