Ree Automotive Ltd. · NASDAQ:REE

Ree Automotive — Investor Presentation (October 2021)

31 slides from Ree Automotive's investor presentation, Oct 7, 2021

1. Slide 1: The Cornerstone of Next Generation Mobility

   THE CORNERSTONE OF NEXT GENERATION MOBILITY

2. Slide 2: Disclaimer

   Dis c laimer 2 . This presentation includes forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward - looking statements. Words such as “ may, ” “ will, ” “ should, ” “ likely,

3. Slide 3: REE's Vision

   REE ’ s Vision We strive to be the cornerstone on which mobility players can build their future services, unbound by legacy thinking, utilizing REE’s modular and scalable EV platform

4. Slide 4: REEcorner video

   Confidential and Propriety Information REEcorner TM video

5. Slide 5: Key Highlights

   7 Key Highlights The Cornerstone of Next Generation Electric Mobility Tailwinds - $700 billion 1 global market undergoing rapid transformation - Regulatory environment; maturing technology; consumer behavior Highly Differentiated from other EV Offerings - Technology: REEcorner TM and by - wire techn

6. Slide 6: REE strives to be the cornerstone for future electric vehicles

   REE strives to be the cornerstone for future electric vehicles Scalable and modular corner technology for broad range of EVs - Massive and rapidly growing TAM: 3.1M units today, projected to grow to 13.1M in 2025 and 34.7M in 2030 Unique horizontal approach and rapid platform development cycle - Dev

7. Slide 7: Tech Overview

   Tech Overview

8. Slide 8: REEcorners & EV Platforms

   4 Oe REECSIR ers™ & EV Platforms

9. Slide 9: Extensive IP Portfolio Across Design, Component Engineering & Software

   9 Extensive IP Portfolio Across Design, Component Engineering & Software ~70 Patents 1 Z ďŽĂƌĚ ߤ &ůĂ ƚ ĐŚĂƐƐ ŝ Ɛ ߤ Ž Ŷ ƚ ƌ Ž ů Ɛ LJ Ɛ ƚ Ğ ŵ ƐĂŶĚ ĞůĞĐƚƌŝĨŝĐĂƚŝŽŶ Z ĐŽƌŶĞ ƌ dD ߤ ŽŵƉŽŶĞ Ŷ ƚƐ ŝŶ ǁŚĞĞů Ă ƌ ĐŚ ߤ DŽ ƚ Ž ƌ Ɛ ŝŶ ďŽĂ ƌ ĚĂƐ Ĩ Ƶů ů LJ ƐƉ ƌ ƵŶ Ő ŵ ĂƐƐĞƐ ߤ , ŝŐŚ ƉĞ ƌ Ĩ Ž ƌ ŵĂŶĐĞ Đ ŽŵƉĂĐ ƚ Ɛ Ƶ ƐƉĞŶƐ

10. Slide 10: From the Track

    10 From the Track

11. Slide 11: Technology Comparison: REE vs Conventional EV Platforms

    Technology Comparison 11 5(( YV &RQYHQWLRQDO (9 3ODWIRUPV 5((FRUQHU dD (9 3ODWIRUPV ; ϭ Ϳ ƐƐƵŵĞƐ ϯϲ͕ϱϬϬ Ŭŵ ŝŶ ŽƉĞƌĂƚŝŽŶ ƉĞƌ LJĞĂƌ ĨŽƌ Ă ϭϬ LJĞĂƌƐ ƉĞƌŝŽĚ͘ dŽƚĂůŽƐƚ ŽĨ KǁŶĞƌƐŚŝƉ ŝŶĐůƵĚĞƐ ƉƵƌĐŚĂƐĞ ƉƌŝĐĞ н Ğ QHUJ\ ĐŽƐƚ н ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ĐŽƐƚ н ŵĂŝŶƚĞŶĂŶĐĞ ĐŽƐƚ ůĞƐƐ ƌĞƐŝĚƵĂů ǀĂůƵĞ͘ ŽŵƉĞƚŝƚŽƌ ĚĂƚĂ ďĂƐĞĚ ŽŶ Ɖ

12. Slide 12: Business Strategy

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13. Slide 13: Modularity, Product Technology, Execution Speed

    Modularity Complete Freedom of Design Product Technology Maximum Function & Operational Efficiencies Execution Speed to Market While Mitigating Risks Future - proof – Agnostic to vehicle dimensions, payload, power source and driver. Upgradeable functionality over time Design for Serviceability – Qui

14. Slide 14: Horizontal Player for Maximum Addressable Market

    Only fully horizontal player • The largest addressable market • Unified and complete full system solution • Can collaborate with a variety of market players REE's Cornerstone Solution Horizontal Player for Maximum Addressable Market 14

15. Slide 15: Innovative Platform Serves $700Bn Total Addressable Market

    ; ϭ Ϳ ; Ϯ Ϳ ; ϯ Ϳ ĂƐĞĚ ŽŶZ ͛ Ɛ ĂǀĞƌĂŐĞ ƐĞůůŝŶŐ ƉƌŝĐĞ ĂŶĚ &ƌŽƐƚ Θ ^ƵůůŝǀĂŶ &ŽƌĞĐĂƐƚ ĂƐĞĚ ŽŶ &ƌŽƐƚ Θ ^ƵůůŝǀĂŶ &ŽƌĞĐĂƐƚ dŚĞƐĞƉƌŽũĞĐƚŝŽŶƐ ĂƌĞ ĨŽƌ ŝůůƵƐƚƌĂƚŝǀĞ ƉƵƌƉŽƐĞƐ ŽŶůLJ ĂŶĚƐŚŽƵůĚ ŶŽƚ ďĞ ƌĞůŝĞĚ ƵƉŽŶ ĂƐ ďĞŝŶŐ ŶĞĐĞƐƐĂƌLJ ŝŶĚŝĐĂƚŝǀĞ ŽĨ ĨƵƚƵƌĞ ƌĞƐƵůƚƐ 5(( ͛ V ,QQRYDWLYH 3ODWIRUP 6HUYHV ! %Q 7RWDO $GGUHVVD

16. Slide 16: Best-In-Class Specifications Across e-LCV Classes

    15 6 10.7 ϭϭ ϭϯ͘ϴ ĂƌŐŽ sŽůƵŵĞ ;ŵ ϯ Ϳ Best - In - Class Specifications Across e - LCV Classes 1 16 REEcorner TM & Control technology enables the most functional vehicles across key segments. 2.68 1.17 ϭ͘ϳϵ ϭ͘ϴϭ Ϯ͘ϰ Cargo Volume / Length (m3/m) Class 2 Vehicles More Cargo Volume & Cargo Volume per met

17. Slide 17: Best-In-Class Specifications Across e-LCV Classes

    Best - In - Class Specifications Across e - LCV Classes 1 17 1 3 . 6 1 5 . 7 1 2 . 9 Turning Radius (m) 40 5 5 . 7 45 Step in Height (cm) 80 41 36 35 0D[ %DWWHU\ &DSDFLW\ N:K Max Battery Capacity – longer distance capabilities for more transactions / route Low Step Height – better ergonomics for dri

18. Slide 18: Superior Total Cost of Ownership

    Superior Total Cost of Ownership sĞŚŝĐůĞ ߤ ^ƵƉĞƌŝŽƌ ĨŽŽƚƉƌŝŶƚ͕ ǁĞŝŐŚƚ͕ ĐĂƌŐŽ ǀŽůƵŵĞ ĂŶĚ ƉĂLJůŽĂĚ ĂƚƚƌŝďƵƚĞƐ ߤ ĞƚƚĞƌ ŵĂ Ŷ ĞƵǀĞƌĂ ď ŝ ů ŝƚLJ Θ ĨĂƐƚĞ ƌ Ɖ ĂƌŬŝ Ŷ Ő ߤ dž ƚƌĂ ƐƉĂ ĐĞ ƚŽ ĐĂƌƌLJ ŵ Ž ƌĞ Ő ŽŽ Ě Ɛ Ɖ Ğƌ ƌŽ Ƶ ƚĞ ߤ > Ž ǁ ĐĞŶƚĞƌ Ž Ĩ Ő ƌĂǀŝƚLJ ߤ &ů Ğdžŝ ď ůĞ ď ĂƚƚĞƌLJ Ɖ ĂĐŬĂŐ ŝŶ Ő Ĩ Žƌ ŵ Ădžŝŵ Ƶ ŵ ƌĂ Ŷ Ő Ğ

19. Slide 19: REE's Configurator

    19 Z ͛ Ɛ ŽŶĨŝŐƵƌĂƚŽƌ ĂůůŽǁƐ ĐŽƐƚƵŵĞƌƐ ƚŽ ĐŽŶĨŝŐƵƌĂƚĞ ƚŚĞ ƉůĂƚĨŽƌŵ ƚŚĂƚ ŵĞĞƚƐ ƚŚĞŝƌ ƐƉĞĐŝĨŝĐ ƌĞƋƵŝƌĞŵĞŶƚƐ

20. Slide 20: Go-to-Market Strategy

    Go - to - Market Strategy dŝ Ğƌ ϭ Ğ W Ž ǁ Ğƌ ƚ ƌ ĂŝŶ ^ƚĞĞƌŝŶŐ ƌĂŬŝŶŐ ^ƵƐƉĞŶƐŝŽŶ dŝ Ğƌ Ϯ ĂƚƚĞƌLJ ΘD^ W Ž ǁ Ğƌ ů Ğ Đ ƚ ƌ Ž Ŷ ŝ Đ Ɛ ŚĂƐƐŝƐ ^ŝůŝĐŽŶ ŚŝƉƐ Addi t ional L a y er s ƵƚŽŶŽŵLJ ĂĂ^ DĂŝ Ŷ ƚ Ğ Ŷ Ă ŶĐ Ğ ĨƚĞƌƐĂůĞƐ %UDQG 2ZQHUV – Logistics – Fleets – Tech Companies – C ommer c ial Operat ors – MaaS –

21. Slide 21: Strategic Collaboration Case Study

    6WUDWHJLF &ROODERUDWLRQ &DVH 6WXG\ REE’s collaboration with the ĨĂŵŝůLJ ŽĨ ĐŽŵƉĂŶŝĞƐ ǁŝůů ĂůůŽǁ ŝƚ ƚŽ͗ ʹ ƵŝůĚŶĞdžƚ Ͳ ŐĞŶĞƌĂƚŝŽŶsǀĞŚŝĐůĞƐ Ͳ ŵŽĚƵůĂƌ ǁĂůŬ Ͳ ŝŶǀĂŶƐ Ͳ ͚ WŽǁĞƌĞĚ ďLJZ ͛ ĨŽƌ ƚŚĞ EŽƌƚŚ ŵĞƌŝĐĂŶ DĂƌŬĞƚ ʹ ĚĚŝƚŝŽŶĂů ĐŽůůĂďŽƌĂƚŝŽŶ ƚŽ ƚĂƌŐĞƚ ĂĚĚŝƚŝŽŶĂů ĐŽŵŵĞƌĐŝĂů ƚƌƵĐŬ ĐƵƐƚŽŵĞƌƐ Θ ƐĞŐŵĞŶƚƐ ʹ hƚŝůŝnjĞ

22. Slide 22: Powered by REE: REE Hino Business Alliance

    WŽǁĞƌĞĚ ďLJ 5(( REE Hino Business Alliance 7RS 'HVLJQ :LQQHU LQ 'HVLJQ IRU 6RFLHW\ ʹ

23. Slide 23: Attractive Single Platform Unit Economics

    $25,000 $8,961 Gross Revenue )URQW &RUQHUV Rear Corners Labor & Others 3ODWIRUP *URVV 3URILW a *URVV 3URILW 0DUJLQ $WWUDFWLYH 6LQJOH 3ODWIRUP 8QLW (FRQRPLFV Platform 4T – Up to 4 - ton Light - Duty Commercial Vehicle ^LJƐƚĞŵ Cost REE Platform $25,000 Battery 3 $10,800 Body 4 $9,600 Total Vehicle Cost

24. Slide 24: Unique Technology & Go-To-Market Strategy Relative to New Mobility Players

    8QLTXH 7HFKQRORJ\ *R 7R 0DUNHW 6WUDWHJ\ 5HODWLYH WR 1HZ 0RELOLW\ 3OD\HUV 24 Source: Pitchbook, S&P Global Market Intelligence, Investor Presentations, Company Filings and Company Website. (1) Based on REE’s average selling price and Frost & Sullivan Forecast 2030E TAM. (2) Planned expansion for 2022

25. Slide 25: Execution Overview

    25 Execution Overview

26. Slide 26: Key Achievements During 2021

    26 <ĞLJĐŚŝĞǀĞŵĞŶƚƐ ƵƌŝŶŐ ϮϬϮϭ KŶ ƚƌĂĐŬ ĨŽƌ ϮϬϮϯ ĐŽŵŵĞƌĐŝĂů ƉƌŽĚƵĐƚŝŽŶ )HE - XQH Marc h July REE Center of Excellence • Accelerate engineering design, validation, verification and testing, as well as product homologation American Axle Manufacturing Joint Development Agreement for Advanced Driveline Sy

27. Slide 27: Roadmap to Production and Revenue Generation

    S S t t r r a a t t e e g g i i c c c c o o l l l l a a b b o o r r a a t t i i o o n n s s : : ‡ ‡ ((aa TTooyyoottaa ccoommppaannyy)) -- BBuussiinneessss AAlllliiaannccee Roadmap to Production and Revenue Generation 27 S egment Signed A g r eements MO U s P i pel i n e 7RWDO RI 3URJUDPV T o tal 5 2

28. Slide 28: REE's Strategic Integration Centers

    U . S .A. 1 2 A sia Europe 3 R EE ’ s S t r a tegic Int e g r a tion C e nte r s 1 Land & Building: 43% A ss e mbly & T e s t in g : 33% Othe r: 23% $15 M Total Cost per IC 2 28 ߤ Z ǁ ŝůů ĂƐƐĞŵ ď ůĞ Đ Ž ŵƉ Ž Ŷ Ğ Ŷ ƚƐ Ă ƚ ŝ ƚ Ɛ ŝ Ŷƚ ĞŐ ƌ Ă ƚŝŽŶ ĐĞŶƚĞƌƐ͕ ƚŚƵƐ ƌĞĚƵĐŝŶŐ ĂƉĞdž ƌĞƋƵŝƌĞŵĞŶƚƐ ߤ džƉĞĐƚ ƚŽ ŚĂǀĞ

29. Slide 29: Thank You

    Thank You

30. Slide 30: Appendix

    RSE Appendix

31. Slide 31: US Integration Center Outline & Assembly Overview

    US Integration Center Outline & Assembly Overview 31

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