Nu Ride Inc · OTC:NRDE
Nu Ride — Lordstown Motors — Investor Presentation (March 2022)
17 slides from Nu Ride's investor presentation, Mar 24, 2022
Slide 1: Keynote 3.25.2022
KEYNOTE 3.25.2022 © 2022 LORDSTOWN MOTORS CORPORATION
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: Hello: We are Lordstown Motors 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 00 00 00 00 04
Slide 5: About Us
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 05
Slide 6: Transformative steps since 2021
1 H 2022 01 00 00 00 06 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 7: 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 07 Executive VP, General Counsel & Secretary Melissa Leonard Source: Lordstown Motors Corp. Our new senior
Slide 8: Principles Endure
01 00 00 00 08 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 9: Our Strategy: fleet-first products, capital-light production
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 10: Market Opportunities in commercial fleets
Lordstown Motors anticipates market opportunities within commercial fleets, especially where state, local, and federal governments offer tax credits for replacing ICE vehicles with BEVs Market Opportunities 02 00 00 00 10 02
Slide 11: Full-size pickups production forecast
11 00 00 00 02 Our North American commercial fleet customers will primarily come from two segments – full-size pickups – 3.5 M units in 2019… 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Millions of Units F
Slide 12: Production forecast - Vans
12 00 00 00 Source: 2021 IHS Markit, Class 1-3 Commercial Vehicles, Lordstown Motors Competitive Analysis 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Millions of Units Toyota Tacoma 920B Chevy Express GMT610 (Chassis-
Slide 13: Production Forecast – BE Pickup Trucks
13 00 00 00 Driven by lower total cost of ownership and ESG goals, BEV sales in these segments are forecast to grow significantly – 37% CAGR over 10 yrs Source: 2021 IHS Markit, Class 1-3 Commercial Vehicles, Lordstown Motors Competitive Analysis 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2021 2022 2023 20
Slide 14: Production Forecast – BE Vans
14 00 00 00 Source: 2021 IHS Markit, Class 1-3 Commercial Vehicles, Lordstown Motors Competitive Analysis 0 50 100 150 200 250 300 350 400 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Thousands of Units Rivian RPV MB Sprinter VS30-2 GMC Full-Size Van EV BV1VG Ford Transit V801 Fo
Slide 15: Growth in connectivity creates opportunities for software defined vehicles
15 00 00 00 Along with vehicles, growth in connectivity demands creates opportunities for software defined vehicles Source: SBD, Automotive World 9/2021 02
Slide 16: Partnership with Foxconn
16 00 00 00 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 wit
Slide 17: Thank you!
© 2022 LORDSTOWN MOTORS CORPORATION Thank you! INVESTOR RELATIONS carter.driscoll@lordstownmotors.com MEDIA INQUIRIES crobar@robarpr.com | 313.207.5960 #RIDEWITHLORDSTOWN KEYNOTE 3.25.2022
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