Lion Electric Investor Event Presentation Deck

Capitalization FINANCIAL INFORMATION AS OF Q2 2021 Cash Balance Debt Balance Line of Credit Share Price as of 17/09/2021 Market Capitalization 13 ~US$364 million ~US$11 million US$ 100 million revolver (undrawn) NYSE: US$13.09 TSX: C$16.78 NYSE: US$2.4 billion TSX: ~C$3.2 billion FULLY DILUTED SHARES OUTSTANDING AS OF Q2 2021 Basic Shares Oustanding Management Options - Exercise price between C$0.93 and C$23.02 SPAC Warrants LION Exercise price of $11.50 16mm warrants redeemable on certain conditions Customer Warrants Exercise price of $5.66 Fully Diluted Shares outstanding (using treasury method) Fully Diluted Shares outstanding DON 188.5 million 10.6 million 27.1 million 5.3 million 204.0 million 231.5 million LION ELECTRIC

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