Lordstown Motors Investor Presentation Deck

Capital Raise Proceeds Expected to be Sufficient to Achieve Cash Flow Positive Cash proceeds will be largely directed towards CapEx, R&D, and G&A expenses $675mm LORDSTOWN. Cash Proceeds ~$135mm Capital Expenditures Plant Retooling of ~$120mm, BoM Retooling of ~$15mm to Gear up for Production ~$90mm R&D Product Development, Validation and Certification ~$130mm Operating and G&A Expenses Hiring of Highly Skilled Workforce to Build the Endurance ~$320mm Cash for Contingencies and Additional Growth Opportunities 23

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