Investor Presentaiton
THIRD QUARTER 2023 EARNINGS RELEASE
LUCID
Track Record of Prudent Liquidity Management
As of September 30, 2023, Lucid had liquidity of approximately $5.45 billion, which we believe provides sufficient runway through
Gravity start-of-production, and beyond, into 2025.
Lucid has focused on balance sheet strength and shown the ability to raise money in the debt and equity markets (e.g., convertible note, credit
facilities, equity offering and government programs) and will continue to focus on prudently managing go-forward liquidity.
Lucid will continue to be opportunistic in exploring and diversifying access to financing sources.
Initial public
offering in July 2021
2021
Loan agreement
with Saudi Industrial
2022
Development Fund
(SIDF) in February 2022
Apr
Green
Dec
Dec
2023
convertible note
issuance in Dec 2021
Committed
revolving credit
facilities with Gulf
International Bank (GIB)
in April 2022
At-the-market
(ATM) offering
and subscription
agreement with an
affiliate of the PIF
in December 2022
LIQUIDITY LEVEL AS OF SEPTEMBER 30, 2023
Total Liquidity
$5,450 million
Cash and Investments
$4,902 million
ABL Facility (subject to borrowing base availability)
$334 million
GIB Facility
$214 million
DEMONSTRATED SUPPORT
FROM OUR MAJOR SHAREHOLDER
invurtment
With 60.0% ownership, the Public Investment
Fund (PIF) has invested ~$5.4 billion into Lucid
since 2018 and shown track record of support
Asset-backed
revolving credit
Jun
facility (ABL)
in June 2022
Public equity
offering
with corresponding
affiliate of the PIF
investment by an
in June 2023
LUCID GROUP, INC.
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