{
  "docId": "019de070-0aa2-7187-a04c-7f1e9c13b053",
  "docSlug": "43e42ba0c12fb27dab9c9932961913a4",
  "documentTitle": "Nikola | SPAC Presentation Deck | 58 slides",
  "authorId": "nikola",
  "authorName": "Nikola",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-04-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 55,
  "pageCount": 58,
  "prevPage": 54,
  "nextPage": 56,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "The slide uses a visual breakdown of NWC components (CA/CL) and a bar chart to show historical/projected NWC as a percentage of revenue.",
  "elementsJson": null,
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019de070-0aa2-7187-a04c-7f1e9c13b053/55",
  "deckHref": "/decks/019de070-0aa2-7187-a04c-7f1e9c13b053",
  "deckJsonHref": "/decks/019de070-0aa2-7187-a04c-7f1e9c13b053.json",
  "deckAnchorHref": "/decks/019de070-0aa2-7187-a04c-7f1e9c13b053#slide-55",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.55,
        "y": 0.05
      },
      "kind": "callout",
      "text": "Nikola's net working capital is expected to be driven by FCEV lease sales",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "321608ef-6e6c-41b2-8981-9d3037c77b8b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.35,
        "x": 0.55,
        "y": 0.65
      },
      "kind": "chart",
      "text": "NWC EXCLUDING INVESTMENT IN LEASES AS % OF REVENUE",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "64972571-4b1f-4857-986c-72a96cf05636",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.35,
        "x": 0.55,
        "y": 0.28
      },
      "kind": "diagram",
      "text": "Net Investment in Leases, Remaining Working Capital Assets, Remaining Working Capital Liabilities",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1c8e2026-c45e-4082-abe8-f00c0aad7c98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.35,
        "x": 0.2,
        "y": 0.28
      },
      "kind": "list",
      "text": "BEV sold directly, but for FCEV lease in addition to traditional working capital items, Nikola's NWC includes \"net investment in leases\" as the lease revenue is spread over the leasing period of 7 years.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "86e3f0c2-6179-4bba-9fe7-4d06006f83eb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.3,
        "x": 0.1,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "1. Cash flow from net investment in lease expected within one year\n2. Cash flow from net investment in lease not due within one year",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8598a1ca-6e32-489b-b587-d5e23a05d4c1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.1,
        "y": 0.08
      },
      "kind": "title",
      "text": "EXPECTED NET WORKING CAPITAL REQUIREMENTS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "08272749-d7c9-42fa-974a-4bdb1b7ae51f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}