{ "docId": "019de518-7e7d-7708-a832-ebfd38e46538", "docSlug": "82f394f3b1b7d7bd9826a662cf947e47", "documentTitle": "Lucid Motors | Results Presentation Deck | 37 slides", "authorId": "lucid-motors", "authorName": "Lucid Group, Inc.", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 37, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "establish_context", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-7e7d-7708-a832-ebfd38e46538/2", "deckHref": "/decks/019de518-7e7d-7708-a832-ebfd38e46538", "deckJsonHref": "/decks/019de518-7e7d-7708-a832-ebfd38e46538.json", "deckAnchorHref": "/decks/019de518-7e7d-7708-a832-ebfd38e46538#slide-2", "components": [ { "bbox": { "h": 0.02, "w": 0.89, "x": 0.068, "y": 0.53 }, "kind": "disclaimer", "text": "This presentation contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8d819a5a-00b3-40b1-a422-0246d5d76ca1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.89, "x": 0.068, "y": 0.604 }, "kind": "disclaimer", "text": "Condensed consolidated financial information has been presented in accordance with US GAAP (\"GAAP\") as well as on a non-GAAP basis to supplement our condensed consolidated financial results. Lucid's non-GAAP financial measures include Adjusted EBITDA, Adjusted Net Loss Attributable to Common Stockholders, Adjusted Net Loss Per Share Attributable to Common Stockholders, and Free Cash Flow, which are discussed below.\nAdjusted EBITDA is defined as net loss attributable to common stockholders before (1) interest expense, (2) interest income, (3) provision for (benefit from) income taxes, (4) depreciation and amortization, (5) stock-based compensation, (6) restructuring charges, (7) change in fair value of common stock warrant liability, (8) change in fair value of equity securities, (9) change in fair value of derivative liability associated with Series A redeemable convertible preferred stock, and (10) accretion of Series A redeemable convertible preferred stock. Lucid believes that Adjusted EBITDA provides useful information to Lucid's management and investors about Lucid's financial performance.\nAdjusted Net Loss Attributable to Common Stockholders is defined as net loss attributable to common stockholders excluding (1) stock-based compensation, (2) restructuring charges, (3) change in fair value of common stock warrant liability, (4) change in fair value of equity securities, (5) change in fair value of derivative liability associated with Series A redeemable convertible preferred stock, and (6) accretion of Series A redeemable convertible preferred stock.\nLucid defines and calculates Adjusted Net Loss Per Share Attributable to Common Stockholders as Adjusted Net Loss Attributable to Common Stockholders divided by weighted-average shares outstanding attributable to common stockholders.\nLucid believes that Adjusted Net Loss Attributable to Common Stockholders and Adjusted Net Loss Per Share Attributable to Common Stockholders financial measures provide investors with useful information to evaluate performance of its business excluding items not reflecting ongoing operating activities.\nFree Cash Flow is defined as net cash used in operating activities less capital expenditures. Lucid believes that Free Cash Flow provides useful information to Lucid's management and investors about the amount of cash generated by the business after necessary capital expenditures.\nThese non-GAAP financial measures facilitate management's internal comparisons to Lucid's historical performance. Management believes that it is useful to supplement its GAAP financial statements with this non-GAAP information because management uses such information internally for its operating, budgeting, and financial planning purposes. Management also believes that presentation of the non-GAAP financial measures provides useful information to Lucid's investors regarding measures of our financial condition and results of operations that Lucid uses to run the business and therefore allows investors to better understand Lucid's performance. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP.\nNon-GAAP information is not prepared under a comprehensive set of accounting rules and therefore, should only be read in conjunction with financial information reported under GAAP when understanding Lucid's operating performance. In addition, other companies, including companies in Lucid's industry, may calculate non-GAAP financial measures and key performance measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Lucid's non-GAAP financial measures and key performance measures as tools for comparison. A reconciliation between GAAP and non-GAAP financial information is presented at the end of the presentation.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9369e164-0c67-4095-9957-03fe35ef0744", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.325, "w": 0.89, "x": 0.068, "y": 0.146 }, "kind": "disclaimer", "text": "This presentation includes \"forward-looking statements\" within the meaning of the \"safe harbor\" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \"estimate,\" \"plan,\" \"project,\" \"forecast,\" \"intend,\" \"will,\" \"shall,\" \"expect,\" \"anticipate,\" \"believe,\" \"seek,\" \"target,\" \"continue,\" \"could,\" \"may,\" \"might,\" \"possible,\" \"potential,\" \"predict\" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding financial and operating outlook and guidance, future capital expenditures and other operating expenses, ability to control costs, expectations and timing related to commercial product launches, including the Lucid Gravity SUV and Midsize program, production and delivery volumes, expectations regarding market opportunities and demand for Lucid's products, the range and performance of Lucid's vehicles, plans and expectations regarding the Lucid Gravity SUV, including performance, driving range, features, specifications, and potential impact on markets, plans and expectations regarding Lucid's software, plans and expectations regarding Lucid's systems approach to the design of the vehicles, estimate of Lucid's technology lead over competitors, plans and expectations regarding Lucid's integration with North American Charging Standard, including timing and benefits, estimate of the length of time Lucid's existing cash, cash equivalents and investments will be sufficient to fund planned operations, plans and expectations regarding its future capital raises and funding strategy, the timing of vehicle deliveries, plans and expectations regarding future manufacturing capabilities and facilities, studio and service center openings, ability to mitigate supply chain and logistics risks, plans and expectations regarding Lucid's AMP-1 and AMP-2 manufacturing facilities, including potential benefits, ability to vertically integrate production processes, future sales channels and strategies, future market launches and international expansion, plans and expectations regarding the purchase agreement with the government of Saudi Arabia, including the total number of vehicles that may be purchased under the agreement, expected order quantities, and the quantity and timing of vehicle deliveries, Lucid's ability to grow its brand awareness, the potential success of Lucid's direct-to-consumer sales strategy and future program", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b6976c96-e312-40b1-88c4-86d1f07879a0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.29, "x": 0.068, "y": 0.04 }, "kind": "source-note", "text": "SECOND QUARTER 2024 EARNINGS RELEASE", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e60b30cf-373f-43b6-9673-2da641cf102b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.15, "x": 0.068, "y": 0.496 }, "kind": "title", "text": "Trademarks", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0f9b0058-18c1-4ec3-b7ef-0c7753c12758", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.69, "x": 0.068, "y": 0.568 }, "kind": "title", "text": "Non-GAAP Financial Measures and Key Business Metrics", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a6ee91d5-14e2-4492-8000-ea34fdc9e6a1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.46, "x": 0.068, "y": 0.11 }, "kind": "title", "text": "Forward Looking Statements", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ad39cd7d-703b-428d-98d6-bb8df621f7fe", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 5, "from": 1, "beatId": "fa338335-1a7f-4bf9-bb75-0fc5ffdcc2fa", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Attention", "beatSlug": "monroes-sequence-attention", "evidence": "The presentation starts with a cover slide, disclaimer, and key achievements", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }