Lordstown Motors Investor Presentation Deck

Clear Path to be First to Market Modest Engineering and Retooling Needed to Begin Production Based on the Excellent Condition of the Plant and Equipment at the Lordstown Complex, LMC Projects ~$120 Million of Investment to Retool the Equipment for Full Production Readiness Stamping New soft tooling for three presses is required for production The remaining four presses could be removed and sold at auction GANS $3M Estimated Investment Body Shop Minimal investment required in new fixtures, welding tools, and a truck box robotic cell $32M Estimated Investment Source: Management estimates Paint Equipment is in place and sufficient in size to manufacture the Endurance Plan to convert paint line from dry powder coating to "wet on wet" paint process $16M Estimated Investment nas Physical infrastructure, security, and IT infrastructure is in place and in good working condition Battery Packing Reconfiguration of a mezzanine area above final assembly to create a battery packing assembly line New robot tooling and quality and test equipment is required $27M Estimated Investment Lordstown Complex Infrastructure, Material Handling, and Spare Parts $5M Estimated Investment LORDSTOWN. Hub Motor Manufacturing Electric in-wheel hub motor production line will require purchase of additional CNC machines, tooling, and quality and test equipment $23M Estimated Investment General Assembly Existing state-of-the-art Skillet conveyor system is large enough for the Endurance and will require only minimal modifications $14M Estimated Investment 18

View entire presentation