#1LILIUM Q2 2022 Business Update September 28th 2022#2Today's speakers Klaus Roewe CEO* Former Airbus executive, leading the A320 family and Airbus Services Business LILIUM * to be confirmed at the General Meeting in October Geoffrey Richardson CHIEF FINANCIAL OFFICER Former CFO of Cruise, oversaw $7BN+ of Capital into Cruise Sebastien Borel SENIOR VICE PRESIDENT COMMERCIAL Sales & Marketing Leadership Senior roles at Airbus & Honeywell P.2#3Klaus Roewe, CEO* Lilium Jet industrialization phase no better time to start as CEO* 30-year track record including in A320 Family Head, production, certification and operational deployment and customer satisfaction My conviction: Lilium Jet is best architecture for performance & safety - Opens up multiple customer segments Scalable to larger form-factors LILIUM * to be confirmed at the General Meeting in October P. 3#4Key Highlights 01 www Full transition achieved at 100 kt confirming computer models and stability of architecture LILIUM 02 Battery aging performance internal cycle tests indicate targeted 800+ cycles for launch 03 Aircraft industrialization on track start of assembly of type-conforming aircraft in 2023 04 Bristow GLOBEAIR ААР AVIATION HÉLITY Copter Airlines z ASL GROUP Expanded sales portfolio to 483 aircraft moving toward detailed terms and firm contracts with pre- delivery payments in 2023 05 Significant interest from premium customers limited edition including deposits P. 4#5Full Transition Flight & Flight Physics Validation - Full transition flight achieved at ~100 kt (~190 km/h) - precisely as predicted - Lift from both main & canard wings Test data validates robustness of computer models - supporting certification - Flight test campaign continues to explore aircraft capabilities LILIUM K A IC P -77 ************* ************ P. 5#6Lilium Test Flight Full Transition 5th Generation Technology Demonstrator UT 105 104 E A#7Battery aging performance. - Internal tests indicate targeted 800+ cycles for launch with 80% retention - Confirmation of results through independent labs underway Continuing to improve on same cell technology prior to launch Business projections assume 800 cycles at launch LILIUM P. 7#8Certification program progressing well Certification Basis Means of Compliance Which requirements will apply for the Lilium jet? EASA European Aviation Safety Agency Agreed 100% 100% In Process FEDERAL LILIUM AVIATION ADMINIS TRATION Outstanding Which means to demonstrate compliance? 28% Agreed 100% In Process 72% Outstanding Certification Plans Collection of methods and evidences to demonstrate compliance 62% Agreed 100% In Process 38% Outstanding *Outer ring shows status with EASA, inner ring FAA; "In process" refers to proposals submitted by Lilium pending agreement Compliance demonstration begins after the certification program is agreed Compliance Demonstration Verification of compliance Completed 100% 100% In Process Outstanding P. 8#9Aircraft industrialization on track Goal to start assembly of first type-conforming aircraft in 2023 First manned flight of conforming aircraft targeted in 2024 Additional proven Tier 1 aerospace suppliers joined our program Honeywell Screens, computers, speed sensores L3HARRIS™ Voice recorder Landing gear, wheels and struts WIE MAGROUP AACITURRI Frame and wings JOG Interior, interior lights and floor DIEHL Expliseat Seats Energy management system ASTRONICS Cells for batteries 'TORAY' Carbon fibre body CUSTOMCELLS AERnnova Flaps E-motor for the engine Honeywell DENSO P. 9#10Strong lineup of patents to create lasting value 69 patents filed 42 patents published Core patents protected in EU, US, China Anticipate further applications will be submitted prior to launch 23 28 22a LILIUM 28 22b 22 Data as of mid-September 2022 22a 22a 14 22a 14 22b Lilium Patent Applications by Systems Structures and Interior Propulsion 12% 40% Avionics and Automated Flight 13% 32% 3% Electronics Energy P. 10#11Financial update Q2 cash spend of €63m in line with expectations Full year cash spend expected no more than €250m - Increased supplier spending in H2 to be offset through active budgetary measures Liquidity as of June 30 at €229m¹; additional $75m equity line of credit in place LILIUM 1 Q1 2022 dollar figure for cash spend ($67m) based on respective monthly closing rates; Q1 liquidity ($331m) based on euro/dollar exchange rate of 1.1101 at end of March P. 11#12LILIUM Commercial update - Memorandum of Understanding agreements in the premium segment, for a total of 113 aircraft in key locations with high demand, including GlobeAir This brings the overall number of Lilium Jet aircraft under MoU to 483 Launch of sales campaign for private individuals, taking pre-orders in 2022 Lilium plans to begin signing firm orders with commercial operators in 2023, with the target of locking in meaningful deposits P. 12#13Phased approach towards diversified business model PHASE 1 PREMIUM Private, Fractional Ownership, Charters, Premium Shuttles Anticipate selling aircraft and aftermarket services to early adopters in General and Business Aviation HIGH MARGINS | HIGH DEPOSITS LILIUM Source: Planned Lilium Business Model PHASE 2 MASS Commercial Aviation (OEM | Network) Anticipate operating aircraft through commercial airlines, corporates, and governments HIGH VOLUME | ATTRACTIVE AFTERMARKET P. 13#14We are addressing the premium sector via three segments Private sales Private Limited Edition Taking deposits by end of 2022 LILIUM ****** Charter services and fractional ownership Premium Edition Taking deposits by the end of 2023 Premium shuttle P. 14#15Key Partners in Key Locations. 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 Largest Helicopter operator in the world Potential Part 145 partner in the United States LILIUM ААР AVIATIΟΝ - Right to order up to 40 Lilium Jets - Sustainable Scandinavian air mobility HÉLITY Copter Airlines Right to order up to 5 Lilium Jets Premium demand in Southern Spain - Azul Right to order up to 220 Lilium Jets Brazil: One of the world's leading helicopter and Business aviation market ASL GROUP - Right to order up to 6 Lilium Jets Premium demand in Benelux GLOBEAIR Right to order up to 12 Lilium Jets Premium demand in French Riviera and Italy P. 15#16Conclusion and Outlook - — Continued focus on industrialization and certification World class product endorsed by strong customer feedback Key targets ahead: Receipt of DOA Agreement on Certification Program & Means of Compliance (FAA G2 equivalent) Binding commercial agreements with deposits in 2023 Start assembly of Type-conforming aircraft in 2023 - LILIUM P. 16