Lordstown Endurance Investor Presentation
Disclaimer
The statements in this presentation that are not historical facts, including statements regarding
future financial performance, are forward-looking statements within the meaning of the federal
securities laws. Forward-looking statements are inherently uncertain and subject to a variety of
assumptions, risks and uncertainties that could cause actual results to differ materially from those
currently anticipated or expected by management of Lordstown Motors, Inc. (the "Company"). These
risks and uncertainties include, among others, risks associated with worldwide demand for drilling
services, level of activity in the oil and gas industry, renewing or replacing expired or terminated
contracts, contract cancellations and terminations, maintenance and realization of backlog,
impairments and retirements, operating risks, regulatory initiatives and compliance with
governmental regulations, litigation, rig reactivations, and various other factors, many of which are
beyond the Company's control. A discussion of the risk factors and other considerations that could
materially impact the Company's overall business and financial performance can be found in the
Company's reports filed with the Securities and Exchange Commission (the "SEC") and readers of
this report are urged to review these reports carefully. Given these risk factors, investors and
analysts should not place undue reliance on forward-looking statements. Each forward-looking
statement speaks only as of the date of such statement, and the Company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any forward-looking
statement to reflect any change in the Company's expectations with regard thereto or any change in
events, conditions or circumstances on which any forward-looking statement is based.
The Company uses non-generally accepted accounting principles ("non-GAAP") financial measures in
this presentation. Generally, a non-GAAP financial measure is a numerical measure of a company's
performance, financial position or cash flows that excludes or includes amounts that are not
normally excluded or included in the most directly comparable measure calculated and presented in
accordance with GAAP. Management believes that an analysis of this data is meaningful to investors
because it provides insight with respect to ongoing operating results of the Company and allows
investors to better evaluate the financial results of the Company. Non-GAAP financial measures
should be considered to be a supplement to, and not as a substitute for, or superior to, financial
measures prepared in accordance with GAAP.
Investor Presentation | January 2021
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