Nu Ride Inc · OTC:NRDE
Nu Ride — Lordstown Motors — Investor Presentation (March 2022)
26 slides from Nu Ride's investor presentation, Mar 24, 2022
Slide 1: Business Brief
BUSINESS BRIEF 3/25/2022 © LORDSTOWN
Slide 2: Forward-looking statements
This presentation includes forward looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “expects,” “estimates,” “projects,” “intends,” “should,” “is t
Slide 3: President Edward T. Hightower
President Lordstown Motors Corp. Edward T. Hightower 03 00 00 00 00
Slide 4: We are Lordstown Motor Corporation
We are Lordstown Motor Corporation, an electric vehicle company focused on commercial solutions. Everything we do is with workers in mind. Our goal is to accelerate EV adoption through products, production and partnerships. HELLO 02 00 00 00 00
Slide 5: Table of Contents
04 Market Trends 02 Product 03 Capabilities 01 About Us Table of Contents 00 00 00 00 03
Slide 6: Lordstown Motors has transformed its team and culture
Lordstown Motors has transformed its team and culture to bring the Endurance to market and accelerate the transition to electric vehicles About Us 01 01 00 00 00 06
Slide 7: Transformative steps since 2021
1 H 2022 01 00 00 00 07 Since 2021, Lordstown Motors has taken transformative steps to build the team, strategy, culture, and capabilities to succeed in the commercial fleet BEV market CMA: contract manufacturing agreement JPDA: joint product development agreement Source: Lordstown Motors Corp.
Slide 8: Partnership with Foxconn would support EV ambitions of both companies
08 00 00 00 03 Lordstown Motors’ partnership with Foxconn would support the EV ambitions of both companies, creating synergies in vehicle development, sourcing, and manufacturing Manufacturing Vehicle development • Foxconn is the largest contract manufacturer of electronics in the world, partnering
Slide 9: Our new senior leadership team is in place
Chief Executive Officer Dan Ninivaggi President Edward T. Hightower Executive VP and Chief Financial Officer Adam Kroll Executive VP and Chief Commercial Officer Jane Ritson-Parsons 01 00 00 00 09 Executive VP, General Counsel & Secretary Melissa Leonard Source: Lordstown Motors Corp. Click to view
Slide 10: Principles Endure
01 00 00 00 10 Source: Lordstown Motors Corp. Principles Endure We are building a strong company culture to move us forward. INTEGRITY We operate with transparency and do what we say. DISCIPLINE We utilize systems, processes, and metrics to meet our objectives. COLLABORATION We form great partnershi
Slide 11: Fleet-first products, capital-light production and flexible partnerships
Fleet-first products, capital-light production and flexible partnerships Start production of the Endurance pickup truck in the third quarter of 2022 Our Strategy Immediate Focus 01 00 00 00 We are an engineering technology company focused on the fundamentals of what it takes to build an all-electric
Slide 12: Our Product
The Endurance is a fleet-first product with high durability, maneuverability, connectivity and bespoke design for fleets to get work done Our Product 02 00 00 00 12 02
Slide 13: The Endurance
The Endurance The Endurance is a fleet-first vehicle that provides customers with the Durability, Maneuverability, Connectivity, and Design needed to get the job done 13 00 00 00 02 Durability 1 Maneuverability The Endurance’s four hub motors and low center of gravity provide superior handling and m
Slide 14: Four hub motors and low center of gravity
The four hub motors in the Endurance and low center of gravity provide a unique point of difference with superior handling, traction control, torque and turning radius • Four independent motors operating in conjunction modernize how power is delivered • True 4WD for greater traction and handling • E
Slide 15: Fleet-first vehicle design makes Endurance a tailor-made tool for work
00 00 00 02 Fleet-first vehicle design makes Endurance a tailor-made tool for work Battery: 109 kWh, Lithium- Ion, liquid cooling for better performance & longer life Charging: SAE J1772 Connector (L1 & L2), CCS Type 1 Connector (DC Fast Charge) Endurance DCFC up to 150kW Front Trunk Storage: 9.6 cu
Slide 16: Fleet Management Solutions and Cybersecurity
Fleet Management Solutions Cybersecurity protection 16 00 00 00 02 Endurance will offer advanced fleet management solutions, cybersecurity, and connected vehicle features LMC Cloud Integrated software, telematics and fleet management solutions with expansive vehicle operation data catalog Vehicle Zo
Slide 17: Our Capabilities
Lordstown Motors’ proposed joint product development agreement (JPDA) with Foxconn would bolster our ability to meet the BEV needs of our commercial fleet customers. Our Capabilities 03 00 00 00 17 03
Slide 18: Proposed JPDA with Foxconn capabilities
18 00 00 00 02 Foxconn and Lordstown Motors together through a proposed JPDA would have the capabilities to deliver EV programs for multiple OEMs from concept through launch - Portfolio planning - Voice of the customer (VOC) research - Product planning and strategy - Market segment specifications -
Slide 19: Cross-functional organization can engineer and deliver EV programs
19 00 00 00 02 Lordstown Motors’ cross-functional organization can engineer and deliver EV programs for multiple OEMs, along with vehicle sub-systems and components Chief Engineer & Vehicle Line Director Vehicle Subsystems Propulsion Chassis Thermal Interior Exterior Body Electrical Software / Infot
Slide 20: Electrical architecture for MIH platform
20 00 00 00 02 As an example, Lordstown Motors also has the capabilities to develop the electrical architecture for other OEM users of the MIH platform Proposed EE architecture could be zonal, with a domain controller through the vehicle platform system (VPS), and include the integration of sensors
Slide 21: Market Trends
Lordstown Motors anticipates opportunities for our commercial fleet customers in developing software defined vehicles; along with localization opportunities for our supplier partners. Market Trends 04 00 00 00 21 04
Slide 22: Continued growth in BEV commercial fleet pick-up and van segments
22 00 00 00 04 As discussed in the earlier session, Lordstown Motors expects continued growth in the BEV commercial fleet pick-up and van segments. Creating opportunities for MIH and Endurance platforms. 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Slide 23: Growth in connectivity creates opportunities for software defined vehicles
23 00 00 00 04 Along with vehicles, growth in connectivity demands creating opportunities for software defined vehicles Source: SBD, Automotive World 9/2021
Slide 24: ADAS and autonomy features expected by commercial fleet customers
24 00 00 00 04 ADAS and autonomy features will also be expected by our commercial fleet customers, creating opportunities for MIH ADAS suppliers Source: Society of Automotive Engineers Autonomy Investments • Level 1-2 ADAS technology expected in LCV segment. • Opportunity for MIH suppliers for light
Slide 25: Supply chain localization in Ohio and the region
25 00 00 00 04 Both Foxconn and Lordstown Motors support supply chain localization in Ohio and the region. In addition to local job creation, localization can reduce total enterprise and logistics variable costs, tariffs, and supply chain risk. • Propulsion • Chassis • Thermal • Interior • Safety •
Slide 26: Thank you!
© 2022 LORDSTOWN MOTORS CORPORATION Thank you! INVESTOR RELATIONS carter.driscoll@lordstownmotors.com MEDIA INQUIRIES crobar@robarpr.com | 313.207.5960 #RIDEWITHLORDSTOWN BUSINESS BRIEF 3.25.2022
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