Lordstown Motors Investor Presentation Deck
Profitable Target Segment in an Attractive Market
~27% TCO Reduction vs. Similar ICE Pickup Trucks
Endurance: Competitive in Important Fleet Metrics
Caimin Flannery
Total Cost of Ownership
Safety Rating
●
Initial Purchase Price
The Fleet Market Has Eagerly Awaited the Endurance
Vehicle Capabilities
Vehicle Reliability
Sales team run by Caimin, consists of internal
and external representatives
Marketing efforts are at an early stage,
however existing pre-orders have been
achieved with minimal marketing costs
"Which Vehicle Would You be More Interested In?"¹
All-Electric
7,000 lbs.
GVW
75 MPGe
Fuel Economy
3,000 lbs.
Payload
~250mi
Range
~$360/yr.
Maint. Costs
5Y TCO Comparison²
Initial Cost
Price Per Unit
Fuel Cost
Maintenance Cost
Fed. Tax Credit
Total
Difference
LORDSTOWN.
- 80%
Endurance
20%
Traditional
ICE
LMC Endurance
$ 52,500
$ 0.13 Per kWh
$ 5,200
$ 1,800
($ 7,500)
$ 52,000
$19,180
Internal Combustion
6,700 lbs. 2,040 lbs.
GVW Payload
400mi
Range
15 MPG
Fuel Economy
~$1,025/yr.
Maint. Costs
Ford F-150
$ 51,775
$ 2.57 Per Gallon
$ 14,280
$ 5,125
N/A
$ 71,180
1
Source: Public sources, third-party analysis, and management estimates. Note: Third party market study available upon request. ¹ Fleet buyer survey. 2 Based on Lordstown TCO
calculator publicly available on company website. Assumes annual mileage of 20,000 per year, 5 year service life, and cost of gas of $2.57 per gallon in the US, the national average as
of 09-Dec-2019 per AAA.
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