26 slides from Faraday Future Intelligent Electric's earnings presentation, May 12, 2023
Slide 1: First Quarter 2023 Earnings Release
Use Roboto here Faraday Future Intelligent Electric Inc. First Quarter 2023 Earnings Release May 11, 2023 Exhibit 99.3
Slide 2: Legal Disclaimers
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 2 Legal Disclaimers 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. When used in this presenta
Slide 3: Table of Contents
© 2023 FARADAY FUTURE P RO P RIE T A RY A N D C ON F ID EN T IA L 3 Table of Contents 1. Company Overview 2. Business Update 3. The FF 91 Futurist 4. Financials 5. Imagery
Slide 4: Company Overview
© 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 4 01 – Company Overview
Slide 5: Company Introduction
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 5 Company Introduction Faraday Future (FF) is the pioneer of the ultimate intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra - luxury car civilization
Slide 6: Faraday Future — Core Pillars (1 of 2)
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 6 Ultimate Intelligent TechLuxury Products — In a world of ultra luxury cars, FF stands alone as a true Ultimate Intelligent TechLuxury EV — FF is pioneering ultra spire market segment with a class - defining product — All FF products redefine ultra
Slide 7: Faraday Future — Core Pillars (2 of 2)
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 7 Faraday Future — Core Pillars (2 of 2) Unique Artificial Intelligence (AI) Experience — Natural Language and voice - first interface adapts to users needs — Multiple user interface displays for every seated occupant — Triple modem 5G connectivity
Slide 8: Business Update
© 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 8 02 – Business Update
Slide 9: Start of Production of the FF 91 Futurist Alliance
© 2023 FARADAY FUTURE P RO P RIE T A RY A N D C ON F ID EN T IA L 9 On March 29, 2023, FFIE Announced the Start of Production of the FF 91 Futurist Alliance at its FF ieFactory California FF Design to review
Slide 10: First Production FF 91 Vehicle Came off the Line
© 2023 FARADAY FUTURE P RO P RIE T A RY A N D C ON F ID EN T IA L 10 On April 14, 2023, Faraday Future’s First Production FF 91 Vehicle Came off the Line at its FF ieFactory California
Slide 11: Faraday Future's Three-Phase Delivery Plan
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 11 Faraday Future’s Three - Phase Delivery Plan Allows Flexibility for our Manufacturing Operations and Helps Mitigate Production Shortfalls versus Anticipated Market Demand While Delivering the Best Product to our Users Futurist Product Officer (FP
Slide 12: The FF Futurist
03 – The FF 91 Futurist
Slide 13: FF Futurist — Extreme Technology, Ultimate Intelligent User Experience
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 13 FF 91 Futurist — Extreme Technology, Ultimate Intelligent User Experience and a Complete Ecosystem
Slide 14: Significant Upgrades of Key Components
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 14 Significant Upgrades of Key Components — FF 91 Futurist is a Competitive TechLuxury Offering
Slide 15: FF 91 Futurist Experience
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 15 — NASA inspired zero gravity rear passenger seats with industry leading 60 degree recline and leg room — FF AI supports complex voice commands for comfort, productivity, entertainment and navigation — Advanced safety, autonomous driving (2) and p
Slide 16: FF's Generative AI Product Stack
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 16 FF’s Generative Artificial Intelligence (AI) Product Stack will Offer the First Ever Generative AI Capability in the Automotive Sector for In - vehicle Usage — The product stack combines FF’s foundational capabilities such as its industry - leadi
Slide 17: Financials
04 – Financials
Slide 18: Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 18 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) — Unaudited ( i Three Months Ended March 31, 2022 2023 n thousands, except share and per share data) Operating expenses $ 114,935 $ 46,160 Research and development 6,
Slide 19: Condensed Consolidated Balance Sheets
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 19 Condensed Consolidated Balance Sheets — Unaudited ( i December 31, 2022 March 31, 2023 n thousands) Assets Current assets $ 16,968 $ 31,769 Cash 1,546 1,505 Res tri c te d cash 26,804 55,405 Deposits 21,087 14,717 Other current assets 66,405 103,
Slide 20: Condensed Consolidated Statements of Cash Flows (1 of 2)
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 20 Condensed Consolidated Statements of Cash Flows – Unaudited (1 of 2) ( i Three Months Ended March 31, 2022 2023 n thousands) $ (1 5 3 , 098) Cash flows from operating activities $ 6,487 Net income / (loss) Adjustments to reconcile net loss to net
Slide 21: Condensed Consolidated Statements of Cash Flows (2 of 2)
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 21 Condensed Consolidated Statements of Cash Flows – Unaudited (2 of 2) ( i Three Months Ended March 31, 2022 2023 n thousands) $ 276,374 $ 31,769 Cash 1,012 1,505 Res tri c te d cash $ 277,386 $ 33,274 Total cash and restricted cash, end of period
Slide 22: Additional Financing Commitments Expected to Provide Sufficient Funding
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 22 Additional Financing Commitments is Expected to Provide Sufficient Funding to Reach the Anticipated Start of Phase 2 of the Three Phase Delivery Plan by the End of June 2023 — On February 05, 2023, FFIE announced $135.0 million financing commitme
Slide 23: Imagery
© 2023 F A RA D A Y F U T U RE P RO P RIE T A RY A N D C ON F ID EN T IA L 23 05 – Imagery
Slide 24: © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 24
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 24
Slide 25: © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 25
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 25
Slide 26: Thank you
26 Alternate outro image Thank you R e s e r ve y ou rs to d ay — htt p s://w w w .ff. c o m /us/pr eo r de r/