A Differentiated and Compelling Investment Opportunity
FF 91 12-Month Budget After Equity Financing
NTM Estimated Capital Requirement to Launch the FF 91
($ in millions)
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)
Source:
(1)
(2)
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.
2021 FARADAY FUTURE
$97
$96
$103
$32
$377
$49
Engineering & Certification &
Testing
Validation
SG&A &
Supply Chain
Capex (2)
Tooling
Total
41
PROPRIETARY AND CONFIDENTIAL
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