#1LILIUM Q1 2022 Business Update June 7th 2022 LILIUM#2Today's speakers Tom Enders CHAIRMAN Former CEO of Airbus LILIUM Daniel Wiegand CEO & CO-FOUNDER Inventor of Lilium aircraft architecture and propulsion expert Geoffrey Richardson CHIEF FINANCIAL OFFICER Former CFO of Cruise, oversaw $7BN+ of Capital into Cruise Alastair McIntosh CHIEF TECHNOLOGY OFFICER Former Chief Engineer & MD of Rolls Royce Yves Yemsi COO & HEAD OF PROGRAM Former SVP Procurement & Supply Chain, Former VP Program Quality at Airbus P. 2#3New CEO: Klaus Roewe — - - The right leader at the right time Outstanding track record in delivering all phases of a commercial aircraft program Built and certified A320 family to become world's most successful large aircraft Drives transition from visionary start up to electric aviation leader LILIUM P. 3#4Maintaining Lilium's spirit of breakthrough innovation Plans for multiple future platforms Longer range, more performance Larger form factors Lower passenger cost - Future software driven and autonomous aircraft - Innovating connectivity model for regions LILIUM 0 00 0000000 P. 4 Nestor#5Lilium set for success PDR FINALIZED I Jet design delivers performance, commercial & certification goals LILIUM INDUSTRIALIZATION PHASE STARTED Honeywell DENSO AERnnova Livent Industrialization phase started with goal of conforming aircraft in 2023 BATTERY CELL CONFIRMED 3rd Party validation of target cell technology for launch routes. Cell production started REAL CERTIFICATION PROGRESS Agreement on Full EASA Certification Program targeted in 2022 (FAA G-2 equivalent) HISTORIC TRANSITION FLIGHT Full main wing transition from hover to wing lift proven on prototype - first ever electric jet in history to do so VALIDATION OF PREMIUM MARKET Strong customer response from premium segment - validated the jet & large cabin design. P. 5#6Cash spend Q1 '22 reflects tightened budgetary control. - Q1 cash spend of $67m Liquidity as of March 31 at $331m¹ Full year total cash spend expected at ~$265m² Entered into $75m equity line of credit agreement - - LILIUM 1 Consists of cash and cash equivalents and other financial assets 2 At euro/dollar exchange rate of 1.05 1909h P6#7Preliminary Design Review successfully conducted – aircraft design optimized - Added running landing capability Optimized fuselage design Engine sizing for efficiency and noise — LILIUM P. 7#8Independent tests confirm performance of target battery cell - Cell technology co-developed with Zenlabs & exclusive to Lilium in regional eVTOL Delivers both power density for vertical phases and energy density for range of longer regional missions Independently tested by Energy Assurance Aircraft range confirmed: 250km¹ physical range - ~175km² operational range Refer to Lilium Battery Blog for details LILIUM 1 Projection based on current development status of aircraft 2 At full payload (excl. reserves) SPECIFIC ENERGY (Wh/kg) 400 350 300 250 200 150 100 50 0 -1800 kW 0 VERTICAL TAKE-OFF ZENLABS HIGH ENERGY & HIGH POWER EVTOL CELL PROJECTED PHYSICAL RANGE based on operational empty weight SOA HIGH ENERGY CELL NCR2170-M 260 WH/KG NET ENERGY DENSITY SOA HIGH POWER CELL INR18650-P28B 1000 -210 kW 250 KM 2000 SPECIFIC POWER (W/kg) ~2500 W/KG HOVER POWER 3000 VERTICAL LANDING 100 0 + 4000 STATE OF CHARGE (%) VERTICAL TAKE-OFF TRANSITIONS CRUISE VERTICAL LANDING DO NOT TOUCH P.8#9Lilium Jet program moves to industrialization - Collaboration with Honeywell and Denso for e-motor Aernnova to build innovative propulsion mounting system Battery cell production started at CUSTOMCELLS Collaboration with Livent on lithium metal technology LILIUM P Honeywell DENSO AERnnova | EFORE FLIGHT FRAN CUSTOMCELLSⓇ Ahead in cell innovation Livent P. 9#10Progress on certification path EASA European Aviation Safety Agency FEDERAL VIATION O TION* LILIUM Aircraft technical familiarization How does the Lilium Jet architecture work? Certification basis Which requirements will apply for the Lilium jet? CRI A-01 G-1 Issue Paper Agreement on Certification Program (incl. Means of Compliance) Which means to demonstrate compliance? CRI A-01 G-2 Issue Paper Source: EASA. Company information. Management estimates. Note: Reception of approved / released G-1 Issue Paper in process. Denotes complete Denotes drafted and in discussion with authority Denotes not started Compliance Demonstration & Reports Collection of methods and evidences to demonstrate compliance O Type Certification Verification of compliance O Additional tests & reports to account for Significant Standard Differences between EASA and FAA Certification Basis P. 10