Canoo, Inc. (NASDAQ:GOEV) Q4 2021 Earnings Conference Call February 28, 2022 5:00 PM ET Company Participants Nick Cunningham - IR Anthony Aquila - Executive Chairman, CEO & Investor Ramesh Murthy - Interim CFO, SVP, Finance & CAO Conference Call Participants Craig Irwin - ROTH Capital Partners Jaime Perez - R.F. Lafferty & Co. Amit Dayal - H.C. Wainwright & Co. Operator Greetings. Welcome to the Cannes Fourth Quarter and Fiscal Year 2021 Earnings Call. [Operator Instructions] Please note, this conference is ...

1 - CANOO O - n Q2:2021 EARNINGS PRESENTATION AUG 16, 2021 CANOO 2 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 express ...

CANOO - CANOO O - 1 2021 EARNINGS PRESENTATION November 15, 2021 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 exp ...

Canoo Inc. (NASDAQ:GOEV) Q3 2021 Earnings Conference Call November 16, 2021 5:00 PM ET Company Participants Tony Aquila – Investor Chairman and CEO Kamal Hamid – Vice President of Investor Relations Renato Giger – Senior Vice President and Interim CFO Ramesh Murthy – Senior Vice President of Finance and Chief Accounting Officer Conference Call Participants Craig Irwin – Roth Capital Partners Jaime Perez – RF Lafferty Amit Dayal – H.C Wainwright Operator Good day and welcome to your Canoo Third Quarter 2021 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 19951 Mariner Avenue, Torrance, California 90503 (Address of Principal Executive Offices) (Zip code) 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: 001-38824 CANOO INC ...

Canoo, Inc. (NASDAQ:GOEV) Q2 2021 Results Conference Call August 16, 2021 5:00 PM ET Company Participants Tony Aquila – Chairman and Chief Executive Officer Josette Sheeran – President Kamal Hamid – Vice President of Investor Relations Renato Giger – Interim Chief Financial Officer Ramesh Murthy – Senior Vice President and Chief Accounting Officer Conference Call Participants Aileen Smith – Bank of America Craig Irwin – Roth Capital Partners Jaime Perez – RF Lafferty Operator Greetings and welcome to the Ca ...

[Part I - Financial Information](index=7&type=section&id=Part%20I%20Financial%20Information) [Financial Statements (Unaudited)](index=7&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The company reported no revenue, a significant increase in operating expenses, and a net loss of $112.6 million for the quarter Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $563,565 | $702,422 | | Total current assets | $576,910 | $708,885 | | Total assets | $711,524 | $753,470 | | Total current liabilities | $116,246 | $27,868 | | Contingent earnout shares liability | $58,101 | $133,503 | | Total liabilities | $188,288 | $188,228 | | Total stockholders' equity | $523,236 | $565,242 | Condensed Consolidated Statements of Operations Highlights (in thousands) | Account | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $0 | $0 | $0 | $0 | | Research and development expenses | $57,638 | $14,642 | $96,956 | $33,935 | | Selling, general and administrative expenses | $44,625 | $3,411 | $100,252 | $7,492 | | Loss from operations | $(104,346) | $(19,809) | $(201,415) | $(44,868) | | Net loss and comprehensive loss | $(112,554) | $(23,241) | $(127,780) | $(54,131) | | Net loss per share, basic and diluted | $(0.50) | $(0.28) | $(0.57) | $(0.65) | Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Activity | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | $(108,818) | $(42,314) | | Net cash used in investing activities | $(28,653) | $(979) | | Net cash (used in) provided by financing activities | $(1,386) | $32,267 | | Net decrease in cash | $(138,857) | $(11,026) | - The company made an **immaterial correction** to its prior period financial statements to **reclassify private placement warrants from equity to a liability**, in line with SEC guidance[59](index=59&type=chunk)[60](index=60&type=chunk)[62](index=62&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Operating expenses rose sharply amid EV development, with $563.6 million in cash deemed sufficient for the next 12 months - Canoo is a mobility technology company developing a modular EV platform with a near-term vehicle lineup including the **Lifestyle Vehicle (expected launch Q4 2022)**, the MPDV1, and a Pickup truck[114](index=114&type=chunk)[116](index=116&type=chunk) - Recent developments include moving into the **Gamma development phase** for the Lifestyle Vehicle, selecting **VDL Nedcar as a contract manufacturing partner**, and choosing **Oklahoma for its U.S. mega microfactory**[118](index=118&type=chunk) Comparison of Operating Expenses (in thousands) | Expense Category | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Research and development | $57,638 | $14,642 | $42,996 | 293.6% | | Selling, general and administrative | $44,625 | $3,411 | $41,214 | NM | | Expense Category | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Research and development | $96,956 | $33,935 | $63,021 | 185.7% | | Selling, general and administrative | $100,252 | $7,492 | $92,760 | NM | - The increase in R&D expenses was driven by **Gamma stage engineering design**, stock-based compensation, and higher salary expenses, while the SG&A increase was due to **stock-based compensation** and **professional fees**[141](index=141&type=chunk)[147](index=147&type=chunk)[148](index=148&type=chunk) - As of June 30, 2021, the company had a **cash balance of $563.6 million**, which management believes is **sufficient to support planned operations for the next 12 months**[163](index=163&type=chunk)[169](index=169&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=52&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company has indicated that this section is not applicable for the reporting period - The company states that quantitative and qualitative disclosures about market risk are **not applicable**[184](index=184&type=chunk) [Controls and Procedures](index=53&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were not effective due to ongoing remediation of material weaknesses - Management evaluated disclosure controls and procedures and concluded they were **not effective at a reasonable assurance level** as of the end of the quarter[186](index=186&type=chunk) - The ineffectiveness is due to **material weaknesses that have not yet been fully remediated**, despite meaningful progress[186](index=186&type=chunk)[189](index=189&type=chunk) - Remediation efforts include **hiring experienced executives** and personnel, **engaging a Big Four firm** for internal audit co-sourcing, and **designing additional controls** for financial closing and reporting[187](index=187&type=chunk) [Part II - Other Information](index=55&type=section&id=Part%20II%20Other%20Information) [Legal Proceedings](index=55&type=section&id=Item%201.%20Legal%20Proceedings) The company faces class action lawsuits and an SEC investigation but does not expect a material adverse effect - The company is a defendant in **putative class action complaints** filed in April 2021 and a **stockholder derivative complaint** filed in June 2021[73](index=73&type=chunk) - On April 29, 2021, the **SEC's Division of Enforcement opened a fact-finding investigation** related to the company's IPO, merger, operations, and recent officer departures[74](index=74&type=chunk) - Management does **not currently consider these pending legal proceedings to be material** to the company's business or financial condition[75](index=75&type=chunk) [Risk Factors](index=55&type=section&id=Item%201A.%20Risk%20Factors) The company anticipates losing its 'emerging growth company' status, leading to increased compliance burdens - The company expects to **lose its 'emerging growth company' status** beginning with its Annual Report for the year ending December 31, 2021, requiring **compliance with auditor attestation requirements**[195](index=195&type=chunk) - The company will also **cease to be a 'smaller reporting company,'** eliminating its ability to use scaled disclosure exemptions in future filings[196](index=196&type=chunk)[198](index=198&type=chunk) - The company faces **risks from various litigation, regulatory actions, and government investigations**, which could be costly and divert management resources[199](index=199&type=chunk)[200](index=200&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=57&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities but repurchased unvested common stock from former employees - There were **no unregistered sales of equity securities**[202](index=202&type=chunk) Repurchases of Unvested Common Stock (Q2 2021) | Period | Total Number of Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 1 - April 30, 2021 | 36,143 | $0.01 | | May 1 - May 31, 2021 | 61,915 | $0.01 | | June 1 - June 30, 2021 | 60,584 | $0.01 | [Defaults Upon Senior Securities](index=57&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - None[204](index=204&type=chunk) [Mine Safety Disclosures](index=59&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The company has indicated that this section is not applicable - Not applicable[206](index=206&type=chunk) [Other Information](index=59&type=section&id=Item%205.%20Other%20Information) This section details an immaterial correction to prior period financials regarding private placement warrant classification - The company corrected its prior period financial statements due to the **reclassification of private placement warrants from equity to liability**, which was **not material** to previously issued statements[207](index=207&type=chunk)[208](index=208&type=chunk) Impact of Correction on Consolidated Balance Sheet as of Dec 31, 2020 (in thousands) | Account | As Previously Reported | As Corrected | | :--- | :--- | :--- | | Private placement warrants liability | $0 | $6,613 | | Total liabilities | $181,615 | $188,228 | | Additional paid in capital | $920,324 | $910,579 | | Accumulated deficit | $(348,493) | $(345,361) | | Total stockholders' equity (deficit) | $571,855 | $565,242 | [Exhibits](index=61&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including material contracts and officer certifications - A list of exhibits filed with the report is provided, including **corporate governance documents, material contracts, and required officer certifications**[213](index=213&type=chunk)

l C C A N O O O - M A Y 2 0 2 1 M A Y 1 7 , 2 0 2 1 Q 1 : 2 0 2 1 E A R N I N G S P R E S E N T A T I O N C A N O O D I S C L O S U R E Forward-LookingStatements 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," "anticipa ...

Canoo, Inc. (NASDAQ:GOEV) Q1 2021 Earnings Conference Call May 17, 2021 4:30 PM ET Company Participants Kamal Hamid – Vice President-Investor Relations Tony Aquila – Chairman and Chief Executive Officer Renato Giger – Interim Chief Financial Officer Ramesh Murthy – Chief Accounting Officer Conference Call Participants John Murphy – Bank of America Jaime Perez – RF Lafferty & Company Operator Hello, and welcome to the Canoo, Inc. First Quarter 2021 Earnings Call and Webcast. At this time, all participants ar ...

CANOO l c A A N O O — Fourth Quarter and Full Year 2020 Earnings Presentation, March 29, 2021 1 Disclaimer 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," "tar ...