Lordstown Motors Investor Presentation Deck
Enterprise Value Benchmarking
Assumed EV of
$965mm
3.2 x
1.6 X
2023E 2024E
LORDSTOWN
Assumed EV of
$965mm
0.3 x
0.2 x
2023E 2024E
5.8 X
LORDSTOWN
1.3 x
2023E 2024E
0.8 x
0.2 x
2023E 2024E
12.2 x
4.3 x
2023E 2024E
2.6 x
ⒸHYLIION
Enterprise Value / EBITDA
1.2 X
2023E 2024E
NM
49.4 x
2023E 2024E
NIKOLA
Enterprise Value / Sales
7.4 x
3.3 x
2023E 2024E
44.5 x
NIKOLA
T
TESLA
7.8 x
T
TESLA
2021E Established OEMs
11.8 x
PACCAR
LORDSTOWN.
3.0 x
11.5 x
Allison
Transmission.
Cummins
2021E Established OEMs
1.6 x
8.3 x
Cummins
NAVISTAR
1.3 x
8.2 x
Allison
Transmission
ⒸHYLIION
Source: Market data as of 31-Jul-2020. Lordstown, Fisker, Hyliion, and Nikola EBITDA and sales per management estimates. Fisker EV based on Spartan Energy Acquisition Corp (NYSE: SPAQ) and Hyliion EV
based on Tortoise Acquisition Corp (NYSE: SHLL) share price as of 31-Jul-2020.
0.6 x
PACCAR NAVISTAR
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