Faraday Future SPAC Presentation Deck

Profitability Key commentary Targeting 30%+ contribution margin across FF Series and 20%+ contribution margin for Smart Last Mile Delivery Significant investment completed at Hanford manufacturing facility and flexibility provided by contract manufacturing Executable BoM reduction plan as business scales in 2023E & 2024E Reduction in outsourced material costs as FF 91 and FF 81 volumes ramp, as well as alternate-sourcing of components - - - - - - Additional scale benefits for key component costs from Smart Last Mile Delivery volumes Profitability and positive cash-flow expected to be achieved in 2024E FF Series volumes support operations at scale Capex will primarily fund additional capacity expansion, vendor tooling needs and investments in Sales and After-Sales centers - Fully leveraged benefits of VPA for FF 81 and FF 71 development and shared BoM costs Source: Note: Ⓒ2021 FARADAY FUTURE Carryover and carryback cost benefits for both interior and body design and materials Planned industry standard improvements in costs from commercial reductions and supply chain efficiencies Faraday Future financial model are management estimates only. Financial projections assume transaction close in Q1 2021. 40 Contribution margin FF Series Smart Last Mile Delivery 2021 E EBITDA ($ in millions) 2021 E ($227) 2021 E 15% ($347) 2022E 2022E EBITDA less capex ($ in millions) ($722) 2022E ($1,138) 25% 20% 2023E 2023E ($268) 2023E ($630) 30% 21% 2024E 2024E $914 2024E $743 31% 22% 2025E 2025E $2,312 2025E $2,131 38 PROPRIETARY AND CONFIDENTIAL

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