Polestar Investor Presentation
Financial overview
Financial summary: breakeven by
2023E and 9% EBIT margin by 2025E
Revenue, $bn
17.8
Gross Profit, $bn
13.2
Gross
margin
9%
16%
22%
20%
22%
3.9
2.7
6.7
1.4
3.2
1.6
0.5
0.1
2021E
2022E
2023E
2024E
2025E
2021E
2022E
2023E
2024E
2025E
EBIT, $bn
EBIT
(60%)
margin
Adjusted Free Cash Flow2, $bn
(19%)
1%
5%
9%
1.6
Cash
conversion¹
n.m.
(0.6)
(1.0)
2021E
2022E
Note: Non GAAP metrics. Management estimates based on assumptions regarding
Polestar's performance in the geographic regions where it competes, demand for its
different car models, its available book of customers and management's vies on
market and customer demand going forward.
1.
Cash Conversion defined as Free Cash Flow/EBITDA
2. Free Cash Flow = EBITDA -Tax- ANWC-Capex + Payables Equitisation
Source: Company Information, Management estimates
n.m.
n.m.
n.m.
62%
1.3
0.7
0.0
0.0
(0.4)
(1.2)
2023E
2024E
2025E
(1.6)
2021E
2022E
2023E
2024E
2025E
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