Faraday Future Investor Presentation Deck
Q2 2022 Update and Liquidity Position
Source:
(1)
Key Commentary
Ended Q2 2022 with ~$122mm in cash
Since June, work has continued on preparing the
Hanford facility for delivery of the FF 91
As of September 21, 2022, the Company had
~$38.7mm of cash on hand (including ~$2.1mm
in restricted cash)
Total expected operating cash burn from
September 1 to December 31, 2022 ~$100mm
to 150mm, and ~$515mm to $565mm for the full
year 2022
Announced financings to date provide partial
funding for estimated cash burn; conversations
remain ongoing to raise additional capital to
fund 2022 and beyond
As part of its ongoing efforts to conserve cash,
the Company undertook headcount reductions,
salary reductions in exchange for equity, other
expense reductions and payment delay measures
FY 2021 10-K, Q1 2022 and Q2 2022 10-Q, Company Materials.
Q4 2021, Q1 2022 and Q2 2022 End of Period Cash figures include $25.3mm and $1.0mm and ~$949k of restricted cash respectively.
Ⓒ2022 FARADAY FUTURE
22
$ in thousands
Financial Position
2021
Q4
Cash at Beginning of Period
Operating Expenses:
Research & Development
Sales & Marketing
General & Administrative
Other
Total Operating Expenses
Other Expenses
Net Loss
Change in Net Working Capital
Depreciation and Amortization
Other Cash Flows from Operations
Plant, Property, & Equipment
Cash Flows from Financing
Effect of Exchange Rate
Total Change in Cash
Cash at End of Period (1)
$691,144
Q1
$80,429
6,019
33,757
1,204
$121,409
2022
Q2
$530,477 $277,386
$114,935 $98,015
6,186
6,198
16,430
27,880
$149,001 $120,643
$37,110
($4,097) ($21,051)
($84,299) ($153,098) ($141,694)
$13,781
$20,399 $18,407
4,853
3,890
4,993
5,554
(35,259)
5,482
($58,417)
($426)
$63
($44,398) ($45,836)
($85,676) ($164)
($653) $2,888
($160,667) ($253,091) ($155,852)
$530,477 $277,386 $121,534
8
PROPRIETARY AND CONFIDENTIALView entire presentation