Lordstown Motors Investor Presentation Deck slide image

Lordstown Motors Investor Presentation Deck

Production Strategy and Plans Provides Tremendous Investment and Timing Advantages Over Competitors • While there are a number of competitors trying to produce a plug-in electric pickup truck, many of them do not have production facilities • Others, including Ford and Tesla, have plants that are currently at capacity and require significant time and investment to build plants and start production ● It can take over two years and require billions in capital investment to establish an operational plant Endurance Manufacturing Timeline and Planned Investments 2020 Key Work Streams Analyze Scope & Request Proposals Place Initial Equipment Orders Equipment Installation Equipment Testing on Betas Pre-Production Runs The Lordstown Complex Requires Modest Investment to Become Production-Ready and Provides a Significant Competitive Advantage Full Production Confirmation of Targets Complete Complete Q1'20 Q2'20 Source: Public sources, third-party analysis, and management estimates Q3'20 Ongoing Q4'20 Upcoming Q1'21 LORDSTOWN. ATTIS BOLLINGER MOTORS Ford MOTOR VEHICLES T TESLA Competitors Without Announced Production Facilities or Capacity 2021 Q2'21 NIKOLA Upcoming Q3'21 & Beyond Upcoming Upcoming 35
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