Workhorse Group, Inc. · NASDAQ:WKHS
Workhorse — Investor Presentation (January 2020)
19 slides from Workhorse's investor presentation, Jan 29, 2020
Slide 1: Work Ahead Investor Presentation January 2020
Work Ahead™ Investor Presentation January 2020 Work Ahead.
Slide 2: Workhorse is changing the way the world works
22 Workhorse is changing the way the world works Work Ahead. Work Ahead.
Slide 3: Cautionary Note Regarding Forward Looking Statements
3 Cautionary Note Regarding 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 "believes," "ex
Slide 4: Workhorse: Redefining Last-Mile Delivery
4 Workhorse: Redefining Last-Mile Delivery Proven track record with nearly 400 vehicles on the road and 5+ million miles driven in real-life duty cycles and climates Fully Electric Workhorse’s Fully Electric Last-Mile Delivery Platform American OEM HorseFly UAV Delivery System Last-Mile Fully electr
Slide 5: Investment Highlights
5 Investment Highlights 1 Market leader, first mover and only U.S. pure play OEM in medium duty electrification for last-mile delivery in ~$18B delivery/ cargo van market with significant EV demand 2 Full turnkey solution offers a premier product and vehicle financing through partnership with Duke E
Slide 6: Entering the Commercialization Phase of Our Business Lifecycle
6 Entering the Commercialization Phase of Our Business Lifecycle Launch and Initial Proof of Refocus on Last-Mile Delivery Product Development Concept and Commercialization Apr 2019 – Dec 2019 – Enters partnership Surefly sold with Duke Energy for and JV formed with Mar 2018 – charging MOOG First Ry
Slide 7: Workhorse is Transforming Last-Mile Delivery
7 Workhorse is Transforming Last-Mile Delivery Next Generation C-Series Workhorse Metron Telematics . Cloud-based, database-driven proof-of- performance monitoring system . Provides clients access to real-time data to monitor and measure performance . Gives fleet operators ultimate energy and route
Slide 8: The Redesigned Workhorse C-Series Up Close
8 The Redesigned Workhorse C-Series Up Close Working Alongside UPS, We Have Made Significant Improvements to the C1000 Gen 1 (E-Series) C1000 Total Vehicle 11,000 lbs <7,000 lbs Weight MPGe 32 40 % Maintenance Costs Reduced >50% >60% Floor Height 32” 14-24” Distance <100 miles >100 miles Range Charg
Slide 9: Significant Market Opportunity for Workhorse's Electric Vehicles
9 Significant Market Opportunity for Workhorse’s Electric Vehicles Last-mile delivery represents an ~$18 billion(1) annual market opportunity (1) >350,000 $50,000 ~$18 bn # of last-mile delivery ASP for last-mile delivery annual adressable market vehicles purchased by U.S. vehicles size for last-mil
Slide 10: Workhorse Models Designed for Use Across a Broad Customer Base
10 Workhorse Models Designed for Use Across a Broad Customer Base ~$18 Billion Total Market (1) Sample Customers Other Retail Stores Vehicle Size 650 – 1000 450 – 650 (Package Space in ft3) Workhorse Products C650 C1000 C450 C650 (1) Goodcarbadcar Automotive Sales Data & Statistics. Estimated market
Slide 11: Why Customers Choose Workhorse
11 Why Customers Choose Workhorse Our Solution is Green and Cost Effective Positive Customer ROI in Three Years Total Cost of Ownership Analysis 40 MPGe(1) fuel efficiency for C-Series vs. 6 MPG $350 for UPS GAS E-GEN $304 $300 $2.50/gallon go-forward price $0.07 per kWh Reduced operating cost fro
Slide 12: U.S. Commercial EV Competitive Landscape
12 U.S. Commercial EV Competitive Landscape Incumbent OEMs focus on electric passenger cars and heavy duty commercial vehicles EV Conversions (Non-OEM) Commercial Electric Vehicle Class 8 × × Class 5 Portfolio ▼ Conventional ▼ Conventional Fueled ▼ Less than one year of ▼ Variable quality due
Slide 13: Development and Commercial Partnership with UPS
13 Development and Commercial Partnership with UPS to Expedite Adoption of Workhorse’s Vehicles Apr Workhorse signs agreement with Navistar to electrify UPS delivery 2012 trucks Apr UPS deploys 2 Workhorse E-GEN range-extended vehicles 2015 purchased directly from Workhorse in 2014 Jul Workhorse beg
Slide 14: Tier-1 Partners and Suppliers
14 Tier-1 Partners and Suppliers Workhorse’s partnerships with best-in-class vendors ensure superior products Large U.S. Electric Designer and Manufacturer of Li-Ion Advanced Engineering and Hardware Power Holding Company Energy Storage and Battery Solutions for Aerospace Applications Charging Infra
Slide 15: World Class Manufacturing
15 World Class Manufacturing Manufacturing capacity to produce 60,000+ chassis per year Loveland, Ohio – Corporate HQ & Battery Pack Assembly Facility Union City, Indiana – Vehicle Assembly Facility Business Functions Expected Overall Growth Current capacity for 60,000+ Assembly operations chassis p
Slide 16: Growth Opportunity | USPS Next Generation Delivery Vehicle
16 Growth Opportunity | USPS Next Generation Delivery Vehicle All-Electric and Range-Extended Low-Floor Vehicle Recent Achievements Sep Won prototype contract to build and deliver six prototype units 2016 Sep Six purpose-built prototype vehicles delivered to USPS 2017 Mar USPS vehicle durability and
Slide 17: Growth Opportunity | Partnership with Lordstown Motors
17 Growth Opportunity | Partnership with Lordstown Motors Lordstown Motors will License and Manufacture Electric Pickup Trucks Utilizing the W-15 Technology State of the Art Safety & Driver Experience: Lordstown Motors Partnership Workhorse W-15 Electric Pickup Workhorse granted Lordstown Motors a l
Slide 18: Diverse Industry Experience & Expertise
18 Diverse Industry Experience & Expertise Duane Hughes, CEO . Senior-level executive with more than 20 years experience including direct business relationships in the automotive, advertising, and technology segments . Prior to joining Workhorse/AMP Electric Vehicles, Duane served as Chief Operating
Slide 19: Contact
Contact Thank you Gateway | Matt Glover and Tom Colton (949) 574-3860 WKHS@gateway.com
Workhorse Group — Investor Presentation (January 2020) on 6ix