Slide 1: Second Quarter 2022 Earnings Release
SECOND QUARTER EARNINGS RELEASE Second Quarter 2022 Earnings Release August 3, 2022 LUCID GROUP, INC.
Slide 2: Forward Looking Statements, Trademarks, Non-GAAP Financial Measures and Key Business Metrics
SECOND QUARTER EARNINGS RELEASE Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of word
Slide 3: Contents
SECOND QUARTER EARNINGS RELEASE Contents Mission 4 Second Quarter Update 5 Air Grand Touring Performance Debut 6 Vertically Integrated Production 8 Studio and Service Network 9 Financial Highlights 10 Outlook 11 Imagery 12 Financials 20 Appendix 25 LUCID GROUP, INC. 3
Slide 4: Lucid's mission
SECOND QUARTER EARNINGS RELEASE Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. LUCID GROUP, INC. 4
Slide 5: Second Quarter Update
SECOND QUARTER EARNINGS RELEASE Second Quarter Update Lucid continued to achieve key milestones demonstrating product leadership. We debuted the 1,050 horsepower Lucid Air Grand Touring KEY STATISTICS Performance at the Goodwood Festival of Speed, recording the fastest time of any production car in
Slide 6: Air Grand Touring Performance Debut
SECOND QUARTER EARNINGS RELEASE Air Grand Touring Performance Debut We debuted the 1,050 horsepower Lucid Air Grand Touring Performance at the Goodwood Festival of Speed, an annual motorsports festival featuring some of the world’s fastest modern and historic motor racing vehicles. Lucid Air Grand T
Slide 7: Lucid Air Grand Touring Reviews: "Simply Sensational!"
SECOND QUARTER EARNINGS RELEASE Lucid Air Grand Touring Reviews: “Simply Sensational!” New kid in town beats everyone up Driving the Grand Touring and its 1,050-hp The Lucid Air Grand Touring Makes the Performance variant is a real wow moment Tesla Model S Feel Kinda Pointless 2022 Lucid Air Grand T
Slide 8: Vertically Integrated Production
SECOND QUARTER EARNINGS RELEASE Vertically Integrated Production Lucid's core EV technology is not only created in-house, but also manufactured at LPM-1, Lucid's dedicated EV powertrain factory in Arizona, where Lucid produces its own electric motors, transmission systems, power electronic inverters
Slide 9: Expanded Studio and Service Network
SECOND QUARTER EARNINGS RELEASE Expanded Studio and Service Network Lucid's direct-to-consumer sales approach offers an exceptional customer experience from discovery, intrigue, knowledge Q2 2022 SALES & SERVICE HIGHLIGHTS acquisition, to ownership. In Q2, Lucid's presence grew to 28 Studio and serv
Slide 10: Financial Highlights: Strength of Balance Sheet and Investments for Growth
SECOND QUARTER EARNINGS RELEASE Financial Highlights: Strength of Balance Sheet and Investments for Growth BALANCE SHEET (in millions, unless otherwise stated; unaudited) Lucid ended the second quarter of 2022 with $4.6 billion Period Ended 06/30/22 12/31/21 % Change cash, cash equivalents and inves
Slide 11: Lucid 2022 Guidance
SECOND QUARTER EARNINGS RELEASE Lucid 2022 Guidance PRODUCTION VOLUME • 6,000 – 7,000 vehicles CASH, CASH EQUIVALENTS & INVESTMENTS • Sufficient liquidity well into 2023 CAPITAL EXPENDITURES • Approximately $2 billion in 2022 PRODUCT • Deliveries of Air Touring and Air Pure later this year • Project
Slide 12: Imagery
SECOND QUARTER EARNINGS RELEASE Imagery LUCID GROUP, INC. 12
Slide 13: LUCID GROUP, INC.
LUCID GROUP, INC.
Slide 14: Slide 14
Slide 15: Denver, Boston, Munich, Manhasset
Denver Boston Munich Manhasset
Slide 16: Ben Collins preparing for Hillclimb Timed Shootout
SECOND QUARTER EARNINGS RELEASE Ben Collins, professional driver, preparing for his winning run in the Hillclimb Timed Shootout at the 2022 Goodwood Festival of Speed. LUCID GROUP, INC. 16
Slide 17: LUCID GROUP, INC.
LUCID GROUP, INC.
Slide 18: Lucid Air packaging and space
FRUNK MINIATURIZED. SCULPTED MINIATURIZED TRUNK ELECTRIC BATTERY PACK ELECTRIC DRIVE UNIT DRIVE UNIT EXTENDED PASSENGER SPACE LUCID GROUP, INC.
Slide 19: Financials
SECOND QUARTER EARNINGS RELEASE Financials LUCID GROUP, INC. 19
Slide 20: Condensed Consolidated Balance Sheets (Unaudited)
SECOND QUARTER EARNINGS RELEASE Condensed Consolidated Balance Sheets (Unaudited) (In thousands) June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 ASSETS LIABILITIES AND STOCKHOLDERS’ EQUITY Current assets: Current liabilities: Cash and cash equivalents $ 3,157,449 $ 6,262,905 Accounts
Slide 21: Condensed Consolidated Statements of Operations and Comprehensive Loss
SECOND QUARTER EARNINGS RELEASE Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands, except share and per share data) Revenue $ 97,336) $ 174) $ 155,011) $ 487) Cost of revenue 292,
Slide 22: Condensed Consolidated Statement of Cash Flows (Unaudited)
SECOND QUARTER EARNINGS RELEASE Condensed Consolidated Statement of Cash Flows (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2022 2021 2022 2021 Net cash used in operating activities $ (513,628) $ (235,078) $ (1,008,277) $ (453,804) Net cash used in investing activ
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)
SECOND QUARTER EARNINGS RELEASE Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2022 2021 2022 2021 ADJUSTED EBITDA Net loss (GAAP) $ (220,425) $ (261,726) $ (301,711) $ (1,009,678) Interest expense 7,189) 30) 14,
Slide 24: Appendix
SECOND QUARTER EARNINGS RELEASE Appendix LUCID GROUP, INC. 24
Slide 25: Awards and Accolades
SECOND QUARTER EARNINGS RELEASE Awards and Accolades Record for longest- Motor Trend Green Car Reports Bloomberg Green range EV ever tested 2022 Car of the Year Best Car to Buy 2022 EV Rankings Ranked #1 and six of the top seven overall Record for longest- range EV ever tested Record for longest- U.
Slide 26: Unprecedented Efficiency
SECOND QUARTER EARNINGS RELEASE Unprecedented Efficiency Efficiency Drives Multiple EV Advantages EFFICIENCY: THE ULTIMATE MEASURE OF EV TECHNOLOGY We believe efficiency is the single most relevant metric of an EV company’s technological prowess. Lucid Air Grand Touring has an unprecedented efficien
Slide 27: World-Class In-House EV Powertrain
SECOND QUARTER EARNINGS RELEASE World-Class In-House EV Powertrain Ultra-efficient, proprietary powertrain technology and advanced software and battery management system (BMS) Scalable and Modular Motor & Integrated State-of-the-Art, High Bidirectional Charging with Battery Pack Built on Race In-Hou
Slide 28: Lucid Group, Inc.
L_ LIC ICO