Nikola Investor Day Presentation Deck
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PAGE
VTOMIN
SUMMARY OF KEY VALUE DRIVERS
CLASS 8
TRUCKS
+
H₂ FUELING
ECOSYSTEM
TOE
TRE BEV
PRODUCTION
AJONIM
TREFCEV
Nikola Energy
Supply & Trading
(ES&T)
NEXT GEN
T
DISPENSING
1) Expected assembly line capacity Coolidge, AZ, facility running 2 shifts
2)
Plant capacity only. Actual truck production expected to be 300 - 500 units in 2022 due to parts shortage
LARGE TAM ADDRESSED BY DIFFERENTIATED BUSINESS MODEL
$600B global TAM addressed by "bundled lease" offering of FCEV trucks, hydrogen fuel, and truck services
Compelling product offerings of BEV and FCEV trucks to address short-haul and medium-haul applications
STRONG STRATEGIC PARTNERSHIPS
Strategic partners with industry leaders to help drive execution and increase speed to market
Expansive strategic partnerships span the entire truck and hydrogen ecosystem
MARKET-LEADING PRODUCTS
BEV and FCEV product offerings address the short, medium, and long-haul segments of class 8 trucks
Expected category-leading vehicles specifications and performance for BEV and FCEV
CAPITAL EFFICIENT HYDROGEN ECOSYSTEM STRATEGY
Partnership model enables Nikola to achieve asset-light and capital-efficient H₂ infrastructure development
while preserving and optimizing value creation and profit margin
Nikola's FCEV fuel demand provides a catalyst for investment from strategic and financial partners, reducing
the equity requirements from parent co. for H₂ ecosystem buildout
ROBUST MANUFACTURING CAPACITY
Manufacturing capacity for up to ~2,400 trucks by Q1 2022 and ~20,000 trucks by Q1 2023 in
Coolidge, AZ(1)
Start of BEV truck series production commenced MAR 21, 2022 (Coolidge, AZ)
PATH TO MEANINGFUL REVENUE GENERATION EXPECTED IN 2H 2022
Expect to deliver 300 - 500 BEV trucks largely in 2H 2022, when critical components become more available(2)
Backlogs of LOIs, MOUS, and POs expected to increase as Nikola produces and delivers production Tre BEVs
in 2022 and into 2023
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