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  "documentTitle": "Lotus Cars | SPAC Presentation Deck | 60 slides",
  "authorId": "lotus-cars",
  "authorName": "Lotus",
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  "presentationDate": "2023-07-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding valuation assumptions, debt, and share rollover.",
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      "text": "Illustrative pro forma ownership",
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      "text": "Note: The calculations on this slide assume an implicit value of US$10.00 per LCAA Class A ordinary share... [footnotes 1-7]",
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      "text": "Pro forma equity value of US$6,301mm and pro forma enterprise value of US$5,573mm, which implies EV multiples of ~0.9x 2024E revenue and ~0.7x 2025E revenue. As of April 28, 2023, Company has entered into agreements with strategic partners and business partners for a total investment amount of approximately $122 million. Company will continue to seek to raise additional financing prior to closing of the business combination. To better align long-term incentives, LCAA Sponsor has agreed to subject 30% of the Sponsor Shares to earn-out and forfeiture arrangements tied to Sponsor affiliates' participation in the PIPE financing and strategic partnerships with Lotus Tech. Lotus Tech shareholders will roll over 100% of their equity interest into the pro forma company and retain approximately 87.3% ownership post-transaction. Proceeds to be used for further product innovation, next-generation automobility technology development, global distribution network expansion and general corporate purposes.",
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      "text": "Estimated sources and uses US$ million. Sources: Existing Lotus shareholder equity 5,500, LCAA trust 223, Pre-closing investors 122, Total 5,845. Uses: Estimated fees and expenses 53, Existing Lotus shareholder equity rollover 5,500, Net cash to balance sheet at closing 292, Total 5,845.",
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      "text": "Pro forma valuation US$ million. Base share price at merger US$10.00, PF shares outstanding (mm) 630, Pro forma equity value 6,301, Plus: debt 300, Less: existing cash balance (737), Less: net cash to balance sheet (292), Pro forma enterprise value 5,573.",
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      "text": "INDICATIVE TRANSACTION TERMS AND STRUCTURE",
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