#1LILIUM Development of the Lilium Jet Bhavesh Mandalia, Chief Airworthiness Officer and Deputy CTO 30 October 2023 O P.#22015 FOUNDED IN MUNICH 800+ LILIUM Source: Company information EMPLOYEES 2/3 IN PROGRAM AND ENGINEERING German-based aerospace company founded in 2015 and listed on Nasdaq in 2021 FRUTO ENFOR 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 $ 1.4 BN TOTAL FUNDING Nasdaq LISTED SINCE SEPTEMBER 2021 Most advanced electric jet aircraft program in regulatory approval process, with expected market entry in 2025 Fall ~800 employees, including 450+ engineers with deep aerospace experience P. 2#3The Lilium Jet HIGH-SPEED 135kt LILIUM O 250KM MAX RANGE 175KM OPERATING RANGE ¹ LOW NOISE 68dBA at 100m 1 ZERO EMISSIONS FULLY ELECTRIC 1 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 assessmentassuming 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. HIGHEST SAFETY 10-⁹ SAFETY LEVEL² P. 3#4Ultimate cabin experience BUSINESS JET CABIN LOW VIBRATION =Q LILIUM Source: Architectural performance assessment of an eV TOL aircraft. Lilium engineering assessment. Management estimates. COMMERCIAL PILOT P. 4#5Versatile design can open up multiple business segments LILIUM 4 PASSENGER CLUB CABIN Source: Company information. 6 PASSENGER SHUTTLE CABIN P. 5#6Tier 1 suppliers Honeywell Avionics and flight control computer L3HARRIS™ Data recorder LILIUM 4ACITURRI Aerostructures IMAGROUP Landing gear, wheels and struts Expliseat Seats ASTRONICS Energy management sys te m 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 Electrical Wiring Interconnection System Collins Aerospace Inceptor system SKF Electric motor bearings P. 6#7Key aircraft enablers PROPULSION LILIUM FLIGHT SCIENCES BATTERY Source: Lilium management estimates. Note: Core technologies for the Lilium Jet, such as electric ducted jet engines, proprietary battery systems, and architecture and flight controls, remain in development. CERTIFICATION on ts will apply njet? 1 aper Agreement on Certification Program (incl. Means of Compliance) Which means to demonstrate compliance? CRI A-01 G-2 Issue Paper C Der 8 Collectio evidence с Additio Diffe P. 7#8PROPULSION Ducted Electric Vectored Thrust: (DEVT) LILIUM Very low noise and vibration Safer and more redundant Source: Lilium management estimates. Note: Core technologies for the Lilium Jet, such as electric ducted jet engines, proprietary battery systems, and architecture and flight controls, remain in development. Designed for scalability P. 8#911/7^^||'*/\|\/|\_|||||||| Ter ** FLIGHT SCIENCES Windtunnel testing VII Test Location: Switzerland Test Article: Full-Scale Canard Test: 60° Angle Sweep Test Sped Up 4000% ONW Source: Company information.#10FLIGHT SCIENCES Flight testing 02 LILIUM 22 ************ ********** RAJTA G - ATLAS P. 10#11Energy Storage System Overview 10 battery packs per aircraft >3MW peak power ~300KWH Pack configuration supports voltages >900V - Design to satisfy latest regulatory requirements from EASA - Maintability & Upgradability Pack replacement strategy - Thermal runaway containment Crash worthiness System redundancy on AC level Integrated Battery Management and HV Power Distribution Functions - Source: Company information & Engineering estimates. mamma P. 11#12BATTERY Projected operational flight profile based on max take-off weight LILIUM ~2200 kW VERTICAL TAKE-OFF Source: Lilium engineering estimate. ~250 kW 175 KM 30% SOC VERTICAL FOR VERTICAL LANDING LANDING OR RESERVE Destination Lower power RUNNING LANDING AT ALTERNATE Alternate P. 12#13Certification program progress EASA European Aviation Safety Agency FEDERAL AVIATION RATION ✈ ANAC Agência Nacional Aviação Civil-Brasil Aircraft technical How does the Lilium Jet architecture work? LILIUM familiarization Certification basis Which requirements will apply Which means and methods to for the Lilium jet? demonstrate compliance? CRI A-01 Release all Certification Plans and all Means of Compliance to authority G-1 Issue Paper Agreement on Certification Program (incl. Means of Compliance) Agreement on how will we demonstrate compliance and authority Level of Involvement CRI A-01 O G-2 Issue Paper Source: EA SA. Company information. Management estimates. Note: Reception of approved / released G-1 Issue Paper in process. Compliance Demonstration & Reports Collection of methods and evidences to demonstrate compliance O Complete In discussion with relevant authority Not started Type Certification Verification of compliance O Additional tests & reports to account for Significant Standard Differences between EASA and FAA Certification Basis Additional tests & reports to account for Significant Standard Differences between EASA and ANAC Certification Basis P. 13#14Following a classic aerospace program AAR PRR Architecture LILIUM 2015-2020 Developed 4 generations of test aircraft Preliminary Design 2021 Test campaign with 5th gen. test aircraft 2022 PDR Historic transition flight Agreements for +600 aircraft CDR Detailed Design & Test 2023 Sign binding agreements with deposits Start assembly of type conforming aircraft Receive Design Organization Approval Agree full certification plan and MoCs with EASA Make Assemble GT Ground Test 2024 First manned flight with type conforming aircraft Ramp-up battery production line FF Build-up aircraft series production line Flight Test & Certification 2025 Receive Type Certification Operational approval for Entry into Service Ramp-up Series Production Statements with respect to future value drivers are forward-looking, subject to significant business, economic, regulatory & competitive uncertainties & contingencies, many of which are beyond the control of the Company & its management & based upon assumptions with respect to future decisions and events, which are subject to change. Actual results will vary & those variations may be material. Nothing in this presentation should be regarded as a representation by any person that the value drivers will occur as described herein. | ¹ net proceeds EIS P. 14#15LILIUM Follow our progress LILIUM.COM Ale LILIUM#16Legal 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 opinións communicated in relation thereto or otherwise arising in connection therew ith. 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 otherw ise 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 law s, 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 w hen 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 aresult 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, inclu any statements 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 jets will be acquired at all), the price to be paid therefor and the timing of launch or manner in which any proposed eV TOL network or anticipated commercial activities w ill 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 follow ing risks: (i) the eV TOL market may not continue to develop, or eV TOL aircraft may not be adopted by the transportation market; (ii) Lilium's eV TOL 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 eV TOL 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 slow ly 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 manağing grow th 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 eV TOL 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 pande mic 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 elsew here in our filings with the U.S. Šécurities 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. The information contained herein is made as of 30 October 2023, and does not reflect any subsequent events. LILIUM