Investor Presentation December 2023 slide image

Investor Presentation December 2023

Financial Results Overview Revenue (US$M) $57.7 $139.9 $193.1 FY2021 FY2022 YTD FY2023 Fiscal 2022 Highlights . Record number of 519 vehicles delivered in 2022 vs. 196 in 2021 Gross loss of ($12.9) M reflecting higher raw material and commodity costs, product mix, overall production ramp up costs, continuing global supply chain challenges and inflationary environment Adjusted EBITDA (1) of ($54.8) M and net earnings of $17.8M . $148 M in CAPEX . $79.1M in additions to intangible assets, which mainly consists of R&D activities 1) Non-IFRS measure. See "Financial Information; Non-IFRS Financial Measures and Other Performance Metrics". This measure is also defined in Appendix A, which also includes a reconciliation to the most directly comparable IFRS measure. p.17 ⑦LION ELECTRIC
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