Lilium Analyst Presentation 2021

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 fleet % Revenue 2021B 2022E 2023E 2024E 2025E 2026E 2027E 90 325 600 950 29 496 1,709 3,214 217 818 1,597 2,653 246 1,314 3,306 5,867 nm 435% 152% 77% (169) (881) (2,041) (3,668) (173) (182) (197) (257) (364) (557) (760) (173) (182) (197) (180) 70 708 1,440 nm nm nm nm 5% 21% 25% (173) (182) (197) (197) 39 521 1,060 (48) (67) (65) (61) (108) (45) (114) nm nm nm 25% 8% 1% 2% (127) (448) (749) nm nm nm 52% 34% 23% (1,152) 20% 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. Lilium Analyst Presentation 2021 46 46

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