{
  "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": 56,
  "pageCount": 58,
  "prevPage": 55,
  "nextPage": 57,
  "slideType": "sop_buildup",
  "function": "present_solution",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": "Includes a process flow diagram and a table of financing metrics.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-0aa2-7187-a04c-7f1e9c13b053/56",
  "deckHref": "/decks/019de070-0aa2-7187-a04c-7f1e9c13b053",
  "deckJsonHref": "/decks/019de070-0aa2-7187-a04c-7f1e9c13b053.json",
  "deckAnchorHref": "/decks/019de070-0aa2-7187-a04c-7f1e9c13b053#slide-56",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.4,
        "x": 0.5,
        "y": 0.08
      },
      "kind": "callout",
      "text": "Nikola is expected to securitize FCEV leases to receive an initial cash inflow of ~$160K per lease",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "198a1deb-970c-4daa-b85b-0e80c96c4267",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.4,
        "x": 0.5,
        "y": 0.25
      },
      "kind": "diagram",
      "text": "Securitization structure showing flow between Truck Lessees, Nikola, SPV, Lenders, and operational costs.",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99e779ae-48bf-4242-bca2-62b46bbf0edc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.25,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "ILLUSTRATIVE PURPOSES ONLY; ACTUALS MAY VARY",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1e509fbb-6d4d-434b-9d24-d5958f301a50",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.35,
        "x": 0.1,
        "y": 0.25
      },
      "kind": "list",
      "text": "1. Initial cash flow (~$160K) from lenders channeled through SPV to Nikola as securitized FCEV lease. 2. Truck lessees make monthly lease payments into SPV. 3. Cash flow from leases used to cover hydrogen and maintenance cost. 4. Cash flow from leases used for monthly interest and amortization. 5. Residual cash flow channeled to Nikola per month.",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c1d62a5b-2163-42e6-805f-363bdd83049a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.35,
        "x": 0.1,
        "y": 0.65
      },
      "kind": "table",
      "text": "Securitization Loan per lease: ~$160K; Annual Interest Rate: ~7%; Loan Duration: ~7 years; Adequate Coverage: 70% LTV; 1.7x DSCR",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fb84ea5b-b8d8-46bb-8b1c-21a8bcc4ed87",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.1,
        "y": 0.1
      },
      "kind": "title",
      "text": "OVERVIEW OF FCEV LEASE SECURITIZATION",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "71879546-cbf2-4cbc-84b3-5fbd5a1fa67e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "value-chain",
      "slug": null,
      "matchId": "716a11d1-c908-46ff-8781-e6908376093f",
      "evidence": "The diagram maps the flow of capital and services between entities in the securitization process.",
      "confidence": 0.7
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}