Lilium SPAC Presentation Deck
Financial profile
$M
Production volume (50%-50% allocation)
Profit & Loss items
People Network
Turnkey Enterprise Solution
Total Revenue
% Growth
COGS¹
OPEX & SGA
Adjusted EBITDA²
% Margin
Selected cash flows
Operating cash flows
Capex3
% Revenue
Capital Investments in Lilium Network fleet4
% Revenue
2021B
(173)
(173)
nm
(173)
(48)
nm
nm
2022E
(182)
(182)
nm
(182)
(67)
nm
nm
2023E
(197)
(197)
nm
(197)
(65)
nm
nm
2024E
90
29
217
246
nm
(169)
(257)
(180)
nm
(197)
(61)
25%
(127)
52%
2025E
325
496
818
1,314
435%
Source: Lilium business plan. Management estimates.
Note: Converted at USD / EUR of 1.21. (1) include direct aircraft operating and maintenance cost, as well as vehicle cost of aircraft sold via B2B channel. (2) Adjusted EBITDA is defined
by us as revenue for the period presented plus other income less cost of sales, research and development expenses, general and administrative expenses, selling expenses and other
expenses not considering share-based payment compensation, and costs and other one-time items related to the Business Combination. Adjusted EBITDA is not a financial measure
prepared in accordance with IFRS and should not be considered a substitute for net income (loss) prepared in accordance with IFRS. (3) Investments for manufacturing capex, supplier
NRCs, engineering, testing and certification, and small per head investments. (4) Lilium assumes external financing will be obtained to cover these investments.
(881)
(364)
70
5%
39
(108)
8%
(448)
34%
2026E
600
1,709
1,597
3,306
152%
(2,041)
(557)
708
21%
521
(45)
1%
(749)
23%
2027E
950
3,214
2,653
5,867
77%
(3,668)
(760)
Lilium Analyst Presentation 2021
1,440
25%
1,060
(114)
2%
(1,152)
20%
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