36 slides from Faraday Future Intelligent Electric's earnings presentation, Aug 21, 2023
Slide 1: Second Quarter 2023 Earnings Release
Use Roboto here Faraday Future Intelligent Electric Inc. Second Quarter 2023 Earnings Release August 21, 2023
Slide 2: Legal Disclaimers
Legal Disclaimers Forward Looking Statements This presentation contains “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 presentation, the words “estimates,” “projected,” “expects,”
Slide 3: Table of Contents
Table of Contents 01. Company Overview © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 3 3 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery
Slide 4: Company Overview
01. Company Overview © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 3 4 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery
Slide 5: Company at a glance
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 5 ~$3.0 billion Capital invested to date to create industry leading EV platform, I.A.I. (1) technology, product development and manufacturing capabilities ~660 Filed or issued utility and design patents for both EV and I.A.I. technology competitiven
Slide 6: The Ultimate AI TechLuxury Product & Technology Revolution
All - Ability All - Hyper The Ultimate AI TechLuxury Product & Technology Revolution New Four Trends All - AI Co - Creation © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 6
Slide 7: FF aiHyper 6x4 Architecture 2.0
All - Terrain AI Body Control Technology Integrated multi - axis torque technology system for AI propulsion, steering and braking AI Space & Internet Technology System aiDriving Technology System 3rd aiSpace Hyper Multi - Vectoring Magic All - In - One 1 2 3 FF aiHyper 6x4 Architecture 2.0 Vertical
Slide 8: FF aiHyper x4 Architecture
FF aiHyper 6 x4 Architecture 2 . 0 The Next - generation AI Powered Technology Architecture Product & Technology Revolution New Four Trends 8 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 9: General AI, Personalized AI, Private AI
General AI Personalized AI 1 - on - 1 Bespoke Private AI All - AI + + 9 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 10: Magic All-In-One All-terrain AI Body Control
Magic All - In - One All - terrain AI Body Control Technology System Hypercar Performance Sedan Comfort SUV High ground clearance, visibility and space 10 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 11: EPA Certified Range and Battery Pack
EPA Certified Ran g e ヲ 38 1 mi Battery Pack Energy: 142 kWh The highest in its class Est. CLTC Range ヲ The longest in its class 800 + km 11 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 12: Tri-Motor 1050hp Hyper Multi-Vectoring
Tri - Motor 1050hp The highest power output in its class Hyper Multi - Vectoring 12 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 13: Redefining Ultimate AI Tech Luxury Safety Standards
Redefining Ul ti mate AI Tec h Lu xu ry Safety Stan dards Moat Pack St ruct ure Moat Body St ruct ure 13 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 14: Hyper Multi-Vectoring
Hyper Multi - Vectoring Multi - axis torque system for propulsion, steering and braking empowered by AI Hypercar Acceleration Class - leading Range Moat Pack Structure Steering by Propulsion 14 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 15: FF aiDriving Technology System
The first automotive OEM in America equipping production vehicles with a high - resolution, ultra - long - range Lidar. World Class Sensor Suite FF aiDriving 15 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL aiDriving Technology System Powerful Compute Platform One of the most powerful productio
Slide 16: FF Generative AI
FF Generative AI First Ever Generative AI Capability In Vehicle 16 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 17: Developer Co-Creation Officers
FF is a User - centric Enterprise, and the Developer Co - Creation Officers Create Value While Sharing Benefits by Engaging in FF's Cutting - edge Technologies Co - Creation FF Co - creation is an open platform where users collaborate with the Company. It is based on the open economy and the user -
Slide 18: Business Update
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 18 01. Company Overview 02. Business Update 3. The FF 91 2.0 Futurist 4. Financials 5. Imagery
Slide 19: First Production FF 91 Came off the Line
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 19 On April 14, 2023, Faraday Future’s First Production FF 91 Vehicle Came off the Line at its FF ieFactory California
Slide 20: Critical Inflection Point: Three-Phase Delivery Plan
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 20 Faraday Future is at a Critical Inflection Point – Officially Delivered the Very First FF 91 2.0 Futurist Alliance to its First Spire User and Kicked Off its August Developer Co - creation Festival (1) Phase Three of the Three - Phase Delivery pl
Slide 21: The FF 91 2.0 Futurist
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 21 1. Company Overview 2. Business Update 03. The FF 91 2.0 Futurist 4. Financials 5. Imagery
Slide 22: 22 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
22 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 23: FF Futurist — Extreme Technology and Complete Ecosystem
FF 91 Futurist — Extreme Technology, Ultimate Intelligent User Experience and a Complete Ecosystem 23 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 24: Significant Upgrades of Key Components
Significant Upgrades of Key Components — FF 91 Futurist is a Competitive TechLuxury Offering 24 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL .
Slide 25: FF 91 Futurist Experience
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 25 — 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 26: Financials
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 26 1. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 04. Financials 05. Imagery
Slide 27: Condensed Consolidated Statement of Operations
Unaudited Condensed Consolidated Statement of Operations (in thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenues Auto sales $ — $ — $ — $ — Cost of revenues Auto sales 6,613 — 6,613 — Gross loss (6,613) — (6,613) — Operating
Slide 28: Condensed Consolidated Balance Sheet
Unaudited Condensed Consolidated Balance Sheet 28 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL June 30, 2023 December 31, 2022 (in thousands, except share and per share data) Assets Current assets Cash $ 17,893 $ 16,968 Restricted cash 1,503 1,546 Inventory 10,301 4,457 Deposits 61,317 44,066
Slide 29: Statement of Cash Flows (1 of 2)
Unaudited Condensed Consolidated Statement of Cash Flows (1 of 2) 29 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL (in thousands) Six Mont Ju n hs Ended e 30, 2023 2022 Cash flows from operating activities Net loss $ (269,901) $ (294,792) Adjustments to reconcile net loss to net cash used in op
Slide 30: Statement of Cash Flows (2 of 2)
Unaudited Condensed Consolidated Statement of Cash Flows (2 of 2) 30 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL (in thousands) June 30, 2023 Dec 31, 2022 Cash $ 17,893 $ 16,968 Restricted cash 1,503 1,546 Total cash and restricted cash, end of period $ 19,396 $ 18,514 Six months ended June 3
Slide 31: Additional Financing Commitments
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 31 Additional Financing Commitments Would Support the Company to Continue Production Ramp - up and Support the Development of its Sales & Service System for its Flagship FF 91 Vehicle Capital Markets — On May 08, 2023, FF announced $100.0 million of
Slide 32: Imagery
© 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 32 1. Company Overview 2. Business Update 3. The FF 91 2.0 Futurist 4. Financials 05. Imagery
Slide 33: 33 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
33 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 34: 34 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
34 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 35: 35 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
35 © 2023 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL
Slide 36: Thank you
36 Alternate outro image Thank you Reserve yours today — https://www.ff.com/us/preorder/