Faraday Future SPAC Presentation Deck
FF 91 12-Month Budget After Equity Financing
Key Commentary
Clear, well-defined program budget to start of production:
Complete FF 91 production tooling and remaining pre-production
test & validation
Certification and validation including physical crash testing
Finalize tooling for manufacturing
Finish Hanford renovation and install production equipment
Fund operations including working capital
$377mm capital requirement represents budget to launch of FF 91:
Only $90mm of capital required to complete
development of Hanford facility
Prior vendor payables and other debt-like obligations
are expected to be satisfied with equity and cash(1)
Faraday Future financial model are management estimates only.
Does not include investment transaction fees.
$103mm of capital expenditures includes $93mm for Hanford and $10mm for sales and service.
Source:
(1)
(2)
Ⓒ2021 FARADAY FUTURE
NTM Estimated Capital Requirement to Launch the FF 91
($ in millions)
$49
41
$97
Engineering & Certification &
Testing
Validation
$96
SG&A &
Supply Chain
$103
Capex (2)
$32
Tooling
$377
Total
38
PROPRIETARY AND CONFIDENTIALView entire presentation