Canoo Inc. (NASDAQ:GOEV) Q4 2022 Results Conference Call March 30, 2023 5:00 AM ET Company Participants Kunal Bhalla - SVP, Corporate Development and Capital Markets Tony Aquila - Investor, Chairman and CEO Ken Manget - CFO Ramesh Murthy - CAO Conference Call Participants Amit Dayal - H.C. Wainwright Jaime Perez - R.F. Lafferty Pavel Molchanov - Raymond James Operator Greetings and welcome to the Canoo Fourth Quarter and Full Year 2022 Earnings Release Call. [Operator Instructions] Please note, this confere ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38824 CANOO INC. (Exact name of registrant as specified in its charter) | Delaware | 83-1476189 | | --- | --- | | (State of Other Jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - Cash used in operations for the nine months ended September 30, 2022, was $329.9 million, compared to $180.6 million for the same period in 2021 [36] - Capital expenditures were $88.8 million for the nine months ended September 30, 2022, compared to $74 million for the same period in 2021 [36] - GAAP net loss was $117.7 million for the quarter, compared to a GAAP net loss of $80.9 million in the prior year period [38] - Adjusted EBITDA was negative $80.8 million for the year compared to negative $85.8 million in the prior year period [38] - The company reduced cash burn by 25% over the last quarter [33] Business Line Data and Key Metrics Changes - The company has over $2 billion in total orders in its pipeline, with stage three contractual commitments growing to $750 million, or 18,000 units, representing a 224% growth over the last quarter [25] - Stage 2 orders grew by 57% over the last quarter, totaling 42,000 units [25] - The company has completed 118 vehicles in the gamma build phase [11] Market Data and Key Metrics Changes - The company is focused on high-grade commercial customers and has secured a landmark NASA contract, expanding its total addressable market (TAM) into government and defense opportunities [17] - The company has developed partnerships with Oklahoma, Arkansas, and the Cherokee Nation, creating an estimated 3,400 new high-tech American jobs [16] Company Strategy and Development Direction - The company aims to achieve a 20,000 unit run rate capacity in 2023, doubling that capacity in 2024 [11] - The company has pivoted to domestic manufacturing and is focused on creating unique intellectual property (IP), increasing its patents by 13% to a total of 205 [11] - The company is strategically targeting grade A and triple B credit customers to ensure favorable cash flow [55] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current global economic and geopolitical disruptions but emphasizes a long-term strategy focused on shareholder value [9] - The company is taking a disciplined phased expansion approach to production based on committed orders, which is seen as a prudent move in a turbulent economy [29] - Management is optimistic about the demand for their products, citing a strong pipeline and positive customer feedback [55] Other Important Information - The company has made significant investments in machinery, equipment, and tooling, with over $300 million allocated [11] - The company has successfully completed its gamma builds and is ready to start production, with the first sellable vehicle deliveries expected in the back half of Q1 2023 [20][28] Q&A Session Summary Question: Is there any risk of double spending on the new facility versus the Pryor location? - Management clarified that the Oklahoma City facility will focus on defense and specialty products, ensuring no overlap with the Pryor location [46] Question: Is the sequential drop in R&D spending part of cost-saving efforts or a natural evolution? - Management indicated it is a combination of both, as they focus on ramping down while preparing for commercialization [48] Question: What are the financing needs to start making deliveries in the upcoming quarters? - Management discussed the importance of a disciplined capital plan and highlighted the availability of $170 million in their ATM program [49][50] Question: Are there any signs of slowing in the customer pipeline due to economic concerns? - Management reported a strong pipeline focused on grade A customers, indicating no significant slowdown [55] Question: Is the company reconsidering its near-shoring activities due to easing supply chain costs? - Management confirmed ongoing efforts to bring components into the U.S. and improve efficiency without sacrificing functionality [57] Question: Can you elaborate on the allocation of production as ramp-up begins? - Management emphasized the importance of flexibility in delivery schedules to meet customer expectations without over-promising [63]

Table of Contents CANOO INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission ...

Canoo Inc. (NASDAQ:GOEV) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Nick Cunningham - Senior Vice President, Investor Relations and Capital Markets Tony Aquila - Chairman and CEO Ramesh Murthy - Interim Chief Financial Officer and CAO Kunal Bhalla - Senior Vice President, Corporate Development Conference Call Participants Sameer Joshi - H.C. Wainwright Jaime Perez - R.F. Lafferty Operator Greetings. And welcome to Canoo’s Second Quarter 2022 Earnings Call. At this time, ...

CANOO - l Q2:2022 EARNINGS PRESENTATION August 8, 2022 Disclosure Forward-looking Statements The information in 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," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that pr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001 ...

Financial Data and Key Metrics Changes - Research and development expenses increased to $82.5 million for Q1 2022, compared to $39.3 million in the prior year period, with adjusted R&D expenses at $75.5 million excluding stock-based compensation [30] - GAAP net loss for Q1 2022 was $125.4 million, significantly higher than a net loss of $15.2 million in the prior year period [31] - Cash used in operations was $120.3 million for Q1 2022, compared to $53.9 million for the same period in 2021 [32] Business Line Data and Key Metrics Changes - Stage 2 orders increased by 17% from Q4 2021 to Q1 2022, totaling over 17,500 units to date [28] - Battery module production increased by 156% sequentially, with production for 43 gamma vehicles [27] Market Data and Key Metrics Changes - The company is positioned to benefit from the $7.5 billion national electric vehicle infrastructure program, with over $665 million allocated to initial rollout states for EV charging infrastructure [18] - The administration's use of the Defense Production Act aims to increase the supply of critical materials for EV production, potentially benefiting the company [19] Company Strategy and Development Direction - The company is focused on building a mega micro factory in Pryor, Oklahoma, and is committed to workforce development in the Heartland [16][34] - The partnership with NASA to produce vehicles for the Artemis lunar missions highlights the company's strategic focus on advanced mobility and government contracts [20][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging market conditions but emphasized a disciplined approach to capital raising and operational execution [23] - The company anticipates hitting its start of production (SOP) target in Q4 2022, despite ongoing supply chain challenges [26] Other Important Information - The company has satisfied the final CFIUS dilution condition related to a shareholder, allowing for more flexibility in operations [17] - The company is actively exploring non-dilutive capital opportunities to support its construction efforts [24] Q&A Session Summary Question: CapEx related to financing timing - Management clarified that the lower CapEx in Q1 was due to milestone recognition of fixed assets, not financing timing [38] Question: Timeline for closing PIPE and drawdown - The first PIPE is expected to close within the week, with access to the Yorkville agreement shortly thereafter [43] Question: Update on NASA vehicle testing and milestones - Management indicated that the focus is on the second building in Bentonville, which is progressing rapidly, and emphasized the importance of securing non-dilutive capital [51][52] Question: Equipment update in the plant - The company is currently producing up to 12 units a week and is focused on refining processes for SOP [58] Question: Feedback from fleet customers - Management reported positive feedback from fleet customers regarding vehicle performance and design [61]

- CANOO - THOF V Q1:2022 EARNINGS PRESENTATION May 10, 2022 CANOO Disclosure Forward-looking Statements The information in 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," "expect," "anticipate," "believe," "seek," "target" or other similar expressi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38824 CANOO INC. (Exact name of registrant as specified in its charter) Delaware 83-1476189 (State of Other Jurisdiction of incorporation or Organization) (I.R ...