#1LILIUM EASA DOA for Start-Ups. Bhavesh Mandalia, Chief Airworthiness Officer and Deputy CTO October 2023 O Р.#22015 FOUNDED IN MUNICH 800+ LILIUM EMPLOYEES 2/3 IN PROGRAM AND ENGINEERING German-based aerospace company founded in 2015 and listed on Nasdaq in 2021 100 58+ NATIONALITIES FROM 6 CONTINENTS 10,000 M² MANUFACTURING FACILITIES Global leader in electric jet aviation with unique aircraft design and proprietary technologies. Co-located and fully integrated design, prototyping, testing, and production capabilities www. 440 $ 1.4 BN TOTAL FUNDING c ~800 employees, including 450+ engineers with deep aerospace experience Nasdaq LISTED SINCE SEPTEMBER 2021 Most advanced electric jet aircraft program in regulatory approval process, with expected market entry in 2025 P. 2 s#3Engineering / Design Organisation Leadership DOA Nominated Persons (EASA Form 4) Alastair McIntosh Chief Technology Officer Chief Engineer & MD of Rolls Royce R Engines of Airbus A350 and Gulfstream G650 LILIUM Axel Trappmann Head of Enginerring Saftey, Quality & Compliance Former Head of Approvals, Investigations and Standards at Airbus Helicopters A NHindustries Bhavesh Mandalia Chief Airworthiness Officer & Deputy CTO Former General Manager and Head of Design Organisation at Boeing COMTECH GLOBAL AVIATION SERVICES aes aerospace engineering solutions i Stephen Vellacott Chief Engineer Former Chief Airworthiness Engineer at Calidus tiva Christophe Hommet Head of Flight Test & Chief Engineer Phoenix LITU Former Chief Engineer Utility Drones Volocopter A Tom Brassington Head of System Design Former Head of System Engineering at Marshall Aerospace SM SAAB Mattia Nardi Head of Lab Test & Experimental Former Test Engineering Manager at Umbra Group UMBRAGROUP PREVIOUS ROLES P. 3#49.11.2011 Certification and DOA/POA Timeline of engagements 1 AGREEMENT teed of the Cooperate in the Appendo ndng that the drige that has been them and compass and of the for compan w and where CTd onder man ser sink and aut ingo, in prope, apples, pat, et composant ofd gedst mus pesh nga TECHNICAL IMPLEMENTATION PROCEDURES FOR AIRWORTHINESS and ENVIRONMENTAL CERTIFICATION LILIUM between the Federal Aviation Administration of the United States of America and the European Aviation Safety Agency of the European Union Revision 6, dated September 22, 2017 And Amendment 1 June 22, 2018 And Amendment 2 April 02, 2019 This is a combined version of TIP Revision 6 which includes Amendment 1 and 2. For any differences between this version and the original signed documents, the original documents take precedent Application for FAA and ANAC Validation of EASA TC, submitted under the provisions of the existing Bilateral Aviation Safety Agreement (BASA) between the EU / USA and EU / Brazil and Technical Implementation Procedures (TIP) between EASA, FAA and ANAC. 2017 EASA TC application Application for EASA Type-Certificate accepted in March 2017. EASA DOA and POA application Application for EASA Design Organisation Approval accepted in March 2017. EASA European Aviation Safety Agency 2018 FAA validation application Application for FAA Validation of EASA TC accepted in January 2018. ADMINI FEDERA AVIATI TATION + TRATION 2022 ANAC validation application Application for ANAC Validation of EASA TC accepted in August 2022. ANAC Agência Nacional de Aviação Civil-Brasil P. 4#5Order pipeline of 750 aircraft First pre-delivery payments received NETJETS Right to order up to 150 Lilium Jets for fractional program Support for Lilium Jet sales to private individuals Bristow - Right to order up to 50 Lilium Jets One of the largest helicopter operators in the world - Potential Part 145 partner in the United States EMCJET - Right to order up to 20 Pioneer Edition Jets Support for Lilium Jet sales to private individuals eVOLARE LILIUM Source: Company information and public press releases. Final commercial terms are still being negotiated and remain subject to definitive documentation. Right to order up to 20 Lilium Pioneer Edition Jets - - Premium sustainable demand in UK market GLOBEAIR HÉLITY Copter Airlines - - Right to order up to 12 Lilium Jets Premium demand in French Riviera and Italy Right to order up to 5 Lilium Jets Premium demand in Southern Spain Azul - AAP AVIATION - Right to order up to 220 Lilium Jets One of the world's leading helicopter and Business aviation market Right to order up to 40 Lilium Jets Sustainable Scandinavian air mobility ASL GROUP AIR-DINAMIC ANYWHERE, ANYTIME ifly VIP helicopter and private jet operator Sustainable high-speed travel between Greek islands - - Right to order up to 6 Lilium Jets Premium demand in Benelux Right to order up to 5 Lilium Jets Premium demand in Switzerland and Italy السعودية SAUDIA - Right to order up to 100 Lilium Jets Network across Saudi Arabia (H) 東部通航 HELI-EASTERN Right to order up to 100 Lilium Jets Able to serve >85m people in the Greater Bay Area MoU with Bao'an District of Shenzen municipality to launch eVTOL service in China P. 5#6EASA & FAA Regulatory Framework TRONATION Air Operations New EU Air Ops requirements, Part-IAM proposed in 2022 now published in opinion 2023-03. New SFAR for operational requirements for powered lift aircraft proposed in 2023. ZZZZZZZ LILIUM FEDERAL AVIATION WA Air Traffic Management Leveraging existing regulatory framework (SERA) and national regulatory frameworks. 10TION Leveraging existing regulatory framework for initial operations. New requirements under development. FEDERAL AVIATION FO FEDERAL AVIATION JON Air Crew Transitional provision proposed in 2022 now published in opinion 2023-03 and CM-FCD-001, in 2022. New SFAR for operational requirements for powered lift aircraft proposed in 2023. Infrastructure Utilizing existing helicopter sites and aerodromes with spec. for vertiports proposed in 2022 (PTS-VPT-DSN). FAA Vertiport Design, Engineering Brief No. 105 published in 2022 and new AC to be finalized in 2024. BROATIONS RATION Initial Airworthiness EASA published special conditions for airframe and electric engines in 2019/2020. FAA have proposed special class airworthiness criteria for powered lift to Lilium in 2023. P. 6#7The Lilium Jet HIGH-SPEED 135kt LILIUM 250KM MAX RANGE 175KM OPERATING RANGE ¹ LOW NOISE 68dBA at 100m ¹ ZERO EMISSIONS FULLY ELECTRIC ¹ HIGHEST SAFETY 10-⁹ SAFETY LEVEL² Source: Architectural performance assessment of an eVTOL aircraft. Lilium engineering assessment. Management estimates.¹ Performance targets based on current development status of aircraft. Cruise speed based on Lilium engineering assessment assuming flight at 10,000 ft. Range refers to physical range (service range + reserves). 2 Lilium's primary certification authority stipulates probability of a catastrophic failure must not exceed 10.⁹. P. 7#8Robust supply chain with leading aerospace suppliers Starting the assembly of the Lilium Jet by end of 2023 Honeywell Avionics and flight control computer L3HARRIS™ Data recorder ★LILIUM AACITURRI Aerostructures E MAGROUP Landing gear, wheels and struts Expliseat Seats ASTRONICS Energy management system Source: Company information; management estimates. DIEHL Interior, interior lights and floor CUSTOMCELLS® Cells for batteries AERONAMIC Engine rotor blades and engine shaft AERnnova Aerostructures Honeywell DENSO E-motors for the engine ←N> Electrical Wiring Interconnection System Collins Aerospace Inceptor system SKF. Electric motor bearings P. 8#9DOA Audit Progress - Organisational Construct Design Subcontractors - Competencies - AUDIT #1 - May 2021 Independent System Monitoring Interview of Management Staff LILIUM AUDIT # 3 - December 2022 Compliance Demonstration including Testing (Laboratory / Ground) Manuals Instructions for Continued Airworthiness Type Investigation Configuration Management - Design / Production coordination Concessions - AUDIT #2 - April 2022 - AUDIT #4 June 2023 - Compliance Demonstration related to Flight Testing including Flight Test Operations Manual (FTOM) Permit to Fly and Flight Conditions Approval Operational Suitability Data EASA European Aviation Safety Agency P. 9#10Benefits of a DOA Process Landscape Having agreed processes and ways of working to conduct design, development and certification activities with the agreed level of involvement of the agency. Certification Program Transparency Ability to establish and agree a level of involvement for certification activities, with agency expert Collaboration Having a DOA enables close and continuous collaboration and support of the agency, throughout the product development lifecycle. LILIUM Benefits of a DOA Privileges Potential to conduct activity in-house through privileges including classification and approval of changes/repairs, approval of flight conditions and permits to fly. Externalising Activity The option to approve partners and subcontractors to outsource certain activity to reduce internal burden. International Acceptance Holding an EU member state DOA, enables recognition / acceptance of certain design approvals in regions where a Bilateral Aviation Safety Agreement has been established. P. 10#11Challenges relating to Compliance Verification Engineers Competencies Finding CVE's who are suitably qualified in new technologies like high voltage energy systems Availability Difficult to find in such a highly competitive market with multiple eVTOL DOA's being setup. Cost Significant cost to contract suitably qualifies CVE's - high financial burden for a start-up LILIUM Challenges relating to Compliance Verification Engineers Removing Conflicts Difficult to authorize internal CVEs as a single product company whilst ensuring no conflict of interest for independency. High Workload High CVE involvement in the development of regulations as well as the technical tasks related to design assurance. Requiring multiple CVE's. Need to look outside EU With challenges related to availability, we must look at FAA, ANAC and other jurisdictions for CVE candidates, often requiring familiarization and training for the EASA DOA system. P. 11#12Challenges relating to Part 21 and other regulatory updates Safety Management System SMS updates to Part 21 came into effect in March 2023. But AMC and GM are still under development making it difficult for a new DOA to fully comply. Operational Suitability Data The evolution of operational requirements for eVTOL aircraft are challenging for a new DOA to include the level of detail necessary for a TC holder DOA.. LILIUM Challenges relating to Part 21 and other regulatory updates Opinion 03/2023 Further changes to initial airworthiness are expected for eVTOL certifying organization, upon adoption of opinion 03/2023. Aircraft Certification Basis Unlike conventional products where the airworthiness requirements and AMC are well established, the fluidity in eVTOL airworthiness criteria impact the required detail in DOA processes for TC of this category of product. P. 12#13Challenges of setting up a TC DOA and POA concurrently Application Application for a POA and formal kickoff of the POA initial investigation process, commences once a valid DO/PO arrangement is in place with an approved DO. Conformity Inability to use in-house POA for the purpose of conforming test specimens per 21.A.33(b)(1) and J- News item 2019/1/1. Production Inspection System The need to introduce processes under the DOA to implement a Production Inspection System per 21.A.126 and Subpart F LILIUM Challenges of setting up a TC DOA and POA concurrently Safety Management System Due to different stages of the initial investigation process for DOA and POA, it is difficult to introduce a centralized SMS to address 21.A.139 PMS and 21.A.239 DMS. Risk Additional risk when setting up multiple interfacing approvals with interdependencies for DOA, TC, POA, Aircraft Statement of Conformity for CofA / Noise Certificates. P. 13#14LILIUM Follow our progress LILIUM.COM LILIUM#15Legal Disclaimer No Representations or Warranties No representations or warranties, express or implied, are given in, or in respect of, this presentation or the accompanying oral presentation (collectively, this "presentation"). This presentation does not purport to be comprehensive or all- inclusive and is for information purposes only. It does not purport to contain all of the information that may be required to perform a complete analysis of the business or prospects of Lilium N.V. ("Lilium" or the "Company"). To the fullest extent permitted by law, in no circumstances will Lilium or its subsidiaries (collectively, the "Lilium Group") or any of their respective shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Industry and market data used in this presentation have been obtained from third-party industry publications and sources, as well as from research reports prepared for other purposes that the Lilium Group believes are reasonable. The Lilium Group has not independently verified the data obtained from these sources and cannot assure you of the data's accuracy or completeness, and this data is subject to change. Except as otherwise required by applicable law, the Lilium Group disclaims any duty to update the information contained in this presentation. Forward-Looking Statements and Risk Factors This presentation contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding the Lilium Group's proposed business and business model, the markets and industry in which the Lilium Group operates or intends to operate, the anticipated timing of the commercialization and launch of the Lilium Group's business and the expected results of the Lilium Group's business and business model, including when launched in phases. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Such statements are based on management's belief or interpretation of information currently available. Forward-looking statements are predictions, projections and other statements about future events that are based on management's current expectations with respect to future events and are based on assumptions subject to risks and uncertainties, and as a result are subject to change at any time. The Lilium Group operates and will continue to operate in a rapidly changing emerging industry. New risks emerge every day. Given these risks and uncertainties, you should not rely on or place undue reliance on these forward-looking statements, includin any statements garding when or whether any strategic collaboration between Lilium and the respective collaborator will be effected, the number, price or timing of any Lilium jets to be acquired (or if any such Lilium will be acquired at all), the price to be paid therefor and the timing of launch or manner in which any proposed eVTOL network or anticipated commercial activities will operate, or statements regarding the Lilium Group's business and product development strategies or certification program. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Many factors could cause actual future events to differ materially from the forward looking statements in this presentation, including, but not limited to, the following risks: (i) the eVTOL market may not continue to develop, or eVTOL aircraft may not be adopted by the transportation market; (ii) Lilium's eVTOL aircraft may not be certified by transportation and aviation authorities, including the European Union Aviation Safety Agency ("EASA") or the U.S. Federal Aviation Administration ("FAA"); (iii) the Lilium Jet may not deliver the expected reduction in operating costs or time savings that Lilium anticipates; (iv) adverse developments regarding the perceived safety and positive perception of the Lilium Jets, the convenience of Lilium's expected future Vertiports, and Lilium's ability to effectively market and sell regional air mobility ("RAM") services and aircraft; (v) challenges in developing, certifying, manufacturing and launching Lilium's services in a new industry (urban and regional air transportation services); (vi) a delay in or failure to launch commercial services as anticipated; (vii) the RAM market for eVTOL passenger and goods transport services does not exist, and whether and how it develops is based on assumptions, and the RAM market may not achieve the growth potential Lilium's management expects or may grow more slowly than expected; (viii) if Lilium is unable to adequately control the costs associated with pre-launch operations and/or its costs when operations are commenced (if ever); (ix) difficulties in managing growth and commercializing operations; (x) failure to commercialize Lilium's strategic plans; (xi) any delay in completing testing and certification, and any design changes that may be required to be implemented in order to receive certification; (xii) any delays in the development, certification, manufacture and commercialization of the Lilium Jets and related technology, such as battery technology or electric motors; (xiii) any failure of the Lilium Jets to perform as expected or an inability to market and sell the Lilium Jets; (xiv) any failure to manage coordination with vendors and suppliers to achieve serial production of complex software, battery technology and other technology systems still in development; (xv) reliance on third-party suppliers for the provision and development of key emerging technologies, components and materials used in the Lilium Jet, such as the lithium-ion batteries that will power the jets, a significant number of which may be single or limited source suppliers; (xvi) if any of Lilium's suppliers become financially distressed or go bankrupt, Lilium may be required to provide substantial financial support or take other measures to ensure supplies of components or materials, which could increase costs, adversely affect liquidity and/or cause production disruptions; (xvii) third-party air carriers are expected to operate Lilium Network services in the U.S., Europe and Brazil using the Lilium Jets, and these third-parties, as well as Lilium, are subject to substantial regulation and complex laws, and unfavorable changes to, or the third-party air carriers' or Lilium's failure to comply with, these regulations and/or laws could substantially harm Lilium's business and operating results; (xviii) any inability to operate the Lilium Network services after commercial launch at the anticipated flight rate, on the anticipated routes or with the anticipated Vertiports could adversely impact Lilium's business, financial condition and results operations; (xix) potential customers may not generally accept the RAM industry or Lilium's passenger or goods transport services; (xx) any adverse publicity stemming from any incident involving Lilium or its competitors, or an incident involving any air travel service or unmanned flight based on autonomous technology; (xxi) if competitors obtain certification and commercialize their eVTOL vehicles more quickly than Lilium; (xxii) Lilium's future funding requirements and any inability to raise necessary capital on favorable terms (if at all); (xxiii) business disruptions and other risks arising from the COVID-19 pandemic and geopolitical events, including related inflationary pressures, may impact Lilium's ability to successfully contract with its supply chain and have adverse impacts on anticipated costs and commercialization timeline; and/or (xiv) Lilium's inability to deliver Lilium Jets with the specifications and on the timelines anticipated in any non-binding memorandums of understanding ("MOUS") or term sheets we have entered into or any binding contractual agreements with customers or suppliers we may enter into in the future. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Lilium Group assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Lilium Group is not giving you any assurance that it will achieve its expectations. A further list and description of risks, uncertainties and other matters can be found in sections titled "Risk Factors," similarly titled sections and elsewhere in our filings with the U.S. Securities and Exchange Commission ("SEC"), all of which are available at www.sec.gov. All forward-looking statements attributable to the Lilium Group or any person acting on its behalf are expressly qualified in their entirety by this cautionary statement. Description of Key Partnerships This presentation contains descriptions of some of Lilium's key business partnerships with whom Lilium has entered into feasibility studies, indications of interest, term sheets, memoranda of understanding or other preliminary arrangements. These descriptions are based on the Lilium management team's discussions and the latest available information and estimates as of the date of this presentation. In each case, these descriptions are subject to negotiation and execution of definitive agreements that may not have been completed as of the date of this presentation and, as a result, the nature, scope and content of these key business partnerships remain subject to change. Financial Information Some of the financial information and data contained in this presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in the reports and other documents the Lilium Group may from time to time file with the SEC. You should review Lilium's audited financial statements in its filings with the SEC for a presentation of Lilium's historical IFRS financial information. Trademarks This presentation contains the trademarks, service marks, trade names and copyrights of the Lilium Group and other companies, which are the property of their respective owners. Graphic Representations Aircraft depicted in this presentation have been rendered utilizing computer graphics. LILIUM The information contained herein is made as of 26 October 2023, and does not reflect any subsequent events. LILIUM