Nikola SPAC Presentation Deck
FCEV RESERVATIONS OVERVIEW
.
ACCUMULATED FCEV RESERVATIONS
"7,900
2016
+33%
*8,200
2017
~14,000
2018
KEY CONSIDERATIONS
Reservation book frozen in fall 2019 to focus on strategic fleet
owners (as partners) for launch and pursing binding contracts
Majority of reservations represent large fleet operators ("65%)
Anheuser-Busch order is binding: all others non-binding
Returned initial reservation deposits, primarily made
by smaller carriers, to focus on large dedicated fleet segment
for initial roll-out
• Provides Nikola maximum flexibility to deliver initial
leased trucks to "blue chip" customers for dedicated
routes that best fit Nikola's H₂ station roll-out plans
Nikola's reservation book is predominantly
comprised of large fleet operators
- FCEV RESERVATIONS BREAKDOWN
-65% LARGE
FLEET OPERATORS
ALL OTHER
RESERVATION
HOLDERS
36%
OTHER FLEETS WITH
>100 TRUCKS RESERVED
BREAKDOWN OF
FCEV RESERVATIONS
10%
NIKOLA TWO
4% 6%
LARGE EQUIPMENT
PROVIDERS
10%
34%
ABInBev
LARGE U.S.
FLEET OWNER
LARGE TRUCK
LEASING COMPANIES
Execution of current reservations would cove
expected production plan until end of 2025
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