Lordstown Motors Investor Presentation Deck

Transaction Value Priced at a Discount Transaction Value $965mm 1.6x 2024E EBITDA Pro Forma Enterprise Value Attractive Entry Point Note: Calculated based on NTM EV/EBITDA Multiples Enterprise Value Sensitivity Valuation Sensitivity Analysis Discounted EV of 2.5 Years at 20% Discount Rate $4.3bn $3.8bn $3.0bn 8.0-10.0x 2024E EBITDA $3.4bn Midpoint EV LORDSTOWN. 2024E EBITDA: $600mm $2.6bn 9.0x +/- 25% 2024E EBITDA 28

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