Lucid Group, Inc. · NASDAQ:LCID
Lucid — Q4 2021 Earnings Presentation
25 slides from Lucid's earnings presentation, Feb 28, 2022
Slide 1: Fourth Quarter and Fiscal Year 2021 Earnings
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS February 28, 2022 LUCID GROUP, INC.
Slide 2: Forward-looking statements
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS 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 words such as “est
Slide 3: Agenda
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS Mission 4 Groundbreaking Year 5 Customer Deliveries 6 In-House Engineering 9 Vertically-Integrated Production 10 Studio and Service Network 11 Financial Highlights 12 Imagery 13 Financials 20 LUCID GROUP, INC. 3
Slide 4: Mission
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS LUCID GROUP, INC. 4
Slide 5: Key Statistics
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS The fourth quarter and fiscal year ending December 31, 2021, were extraordinary periods for Lucid Group. The company began production and Key Statistics customer deliveries of the groundbreaking Lucid Air from its purpose-built As of December 31, 2021; un
Slide 6: Customer Testimonials
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS In the fourth quarter of 2021, Lucid officially commenced customer deliveries of Customer Testimonials the groundbreaking Lucid Air sedan, the longest-range electric vehicle available. Lucid is eager to continue growing its loyal and satisfied customer ba
Slide 7: MotorTrend 2022 Car of the Year
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS MotorTrend 2022 Car of the Year® award, widely regarded as the most coveted in the automotive industry Green Car Journal: Lucid Air wins 2022 Luxury Green Car of the Year Award Green Car Reports: (1) Lucid Air Named Best Car To Buy In 2022 MotorWeek: (1)
Slide 8: Notable Influencer Reviews and Recent Media Coverage
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS NOTABLE INFLUENCER REVIEWS (1) RECENT NOTABLE MEDIA COVERAGE (1) Doug DeMuro: The 2022 Lucid Air: At Lucid Air: A Fresh Lucid’s first production car Lucid Air is a Tesla- Last, a Worthy Face With 500 Miles draws an indelible line in Rivaling Luxury Tesla
Slide 9: Lucid Air – Redefining Range
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS Lucid's core EV powertrain technology is designed, developed, and Lucid Air – Redefining Range manufactured in-house. It builds on years of experience as a technology Official EPA Est. Range Power provider to the world championship EV racing series to dev
Slide 10: In-house technology manufactured at LPM-1 and AMP-1
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS Lucid's core EV technology is not only created in-house, but also manufactured at LPM-1, Lucid's dedicated EV powertrain facility in Arizona, where Lucid produces its own electric motors, transmission systems, power electronic inverters, the revolutionary
Slide 11: Sales & Service Highlights
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS Lucid's direct-to-consumer sales philosophy offers an exceptional Sales & Service Highlights customer experience from discovery, intrigue, knowledge acquisition, reservation placement, to ownership. Lucid's retail Initiated deliveries in the fourth quarte
Slide 12: Financial Highlights: Balance Sheet, Statement of Operations, Opex/Capex
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS ($ Million, unless otherwise stated; Unaudited) BALANCE SHEET: Year-End December 31, 2021 2020 % Change In the fourth quarter of 2021, Lucid continued to strengthen its Cash and Cash Equivalents $ 6,262.9) $ 614.4) + 919% balance sheet through the issuanc
Slide 13: Imagery
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS LUCID GROUP, INC. 13
Slide 14: Lucid Air
LUCID AIR LUCID GROUP, INC. 14
Slide 15: Lucid Air
LUCID AIR LUCID GROUP, INC. 15
Slide 16: Customer Deliveries
CUSTOMER DELIVERIES LUCID GROUP, INC. 16
Slide 17: Lucid Air Advanced Sensor Suite
LUCID AIR ADVANCED SENSOR SUITE LUCID GROUP, INC. 17
Slide 18: AMP-1 Expansion
AMP-1 EXPANSION (1) Note (1): Photograph of expansion project as 02/25/2022. LUCID GROUP, INC. 18
Slide 19: New Studio and Service Center Locations
NEW STUDIO AND SERVICE CENTER LOCATIONS Millbrae, CA Tyson’s Corner, VA Vancouver, BC LUCID GROUP, INC. 19
Slide 20: Financials
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS LUCID GROUP, INC. 20
Slide 21: Consolidated Balance Sheets
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS (In thousands) December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 ASSETS LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS' EQUITY (DEFICIT) Current assets: Current liabilities: Cash and cash equivalents $ 6,262,905 $ 614,412
Slide 22: Consolidated Statements of Operations
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS Three Months Ending December 31 Twelve Months Ending December 31 (In thousands, except share and per share data) 2021 2020 2021 2020 Revenue $ 26,392) $ 3,634) $ 27,111) $ 3,976) Costs and expenses: Cost of revenue 151,473) 2,520) 154,897) 3,070) Research
Slide 23: Consolidated Statements of Cash Flows
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS Twelve Months Ending December 31 (In thousands) 2021 2020 Net cash used in operating activities $ (1,058,133) $ (570,196) Net cash used in investing activities (420,693) (459,582) Net cash provided by financing activities 7,136,428) 1,290,545) Net increas
Slide 24: Adjusted EBITDA and Free Cash Flow Reconciliation
FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS Three Months Ending December 31 Twelve Months Ending December 31 (In thousands) 2021 2020 2021 2020 ADJUSTED EBITDA Net loss and comprehensive loss (GAAP) $ (1,045,680) $ (311,275) $ (2,579,761) $ (719,380) Interest expense 1,263) 44) 1,374) 64) Provision
Slide 25: lu_ tLHIC ICO
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