Hyliion Holdings Corp. (NYSE:HYLN) Q4 2022 Results Conference Call March 1, 2023 11:00 AM ET Company Participants Kellen Ferris - Director, IR Thomas Healy - CEO Jon Panzer - CFO Conference Call Participants Mahima Kakani - JP Morgan Andres Sheppard - Cantor Fitzgerald Donovan Schafer - Northland Capital Markets Avi Jaroslawicz - UBS Operator Good day and thank you for standing by. Welcome to the Hyliion Holdings Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants ar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ 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 ¨ 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 001-38823 HYLIION HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Delaware ...

Hyliion Holdings Corp. (NYSE:HYLN) Q3 2022 Results Conference Call November 9, 2022 11:00 AM ET Company Participants Adam Bresser - Senior Director, FP&A and IR Thomas Healy - Chief Executive Officer Jon Panzer - Chief Financial Officer Conference Call Participants Steve Fisher - UBS Andres Sheppard - Cantor Fitzgerald Bill Peterson - JPMorgan Mark Delaney - Goldman Sachs Noel Parks - Tuohy Brothers Investment Research Operator Good day and thank you for standing by. Welcome to the Hyliion’s Third Quarter 2 ...

Hyliion Holdings Corp. (NYSE:HYLN) Q2 2022 Earnings Conference Call August 10, 2022 11:00 AM ET Company Participants Adam Bresser - Senior Director, FP&A and IR Thomas Healy - Chief Executive Officer Sherri Baker - Chief Financial Officer Conference Call Participants Steven Fisher - UBS Bill Peterson - JP Morgan Andres Sheppard - Cantor Fitzgerald Jason Stuhldreher - Barclays Mark Delaney - Goldman Sachs Noel Parks - Tuohy Brothers Investment Research Operator Good day and thank you for standing by. Welcome ...

Second Quarter 2022 Conference Call DISCLAIMER The forward-looking statements contained in this report are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control), or other assumptions that may cause actual results or performance to be mat ...

For the quarterly period ended June 30, 2022 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 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 No. 001-38823 HYLIION HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | --- | | ...

Hyliion Holdings Corp. (NYSE:HYLN) Q1 2022 Earnings Conference Call May 10, 2022 11:00 AM ET Company Participants Adam Bresser - Director-Financial Planning & Analysis & Investor Relations Thomas Healy - Chief Executive Officer; Sherri Baker - Chief Financial Officer Conference Call Participants Bill Peterson - JPMorgan Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Fitzgerald Brian Johnson - Barclays Avi Jaroslawicz - UBS Operator Good day and thank you for standing by. Welcome to the Hyliion Holdin ...

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 March 31, 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 No. 001-38823 HYLIION HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) Indicate by check mark whether the regis ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ 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 ¨ 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 001-38823 HYLIION HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Delaware ...

Financial Data and Key Metrics Changes - In Q4 2021, the company recognized $200,000 in revenue from its Hybrid eX Powertrain solution, marking a significant milestone [8][37] - R&D spending in Q4 was $17.4 million, down $800,000 sequentially but up $12.9 million year-over-year; total R&D spending for 2021 was $58.3 million compared to $12.6 million in 2020 [37] - SG&A expenses in Q4 were $9.2 million, up $500,000 sequentially and up $3.3 million year-over-year; total SG&A for 2021 was $35.3 million compared to $9.6 million in 2020 [38] - The company reported a net loss from operations of $29.1 million in Q4, compared to a net loss of $26.8 million in Q3 and $10.3 million in Q4 2020; total net loss for 2021 was $96.1 million compared to $22.2 million in 2020 [39][41] - The balance sheet showed over $557 million available to fund commercialization plans, including $258.4 million in cash and cash equivalents [40] Business Line Data and Key Metrics Changes - The company received orders for 100 units of the Hypertruck ERX, backed by deposits, and 325 reservations for future production slots [11][12] - The company plans to continue increasing order counts as it nears production, with a confirmed backlog of nearly 2,000 units [13] Market Data and Key Metrics Changes - The competitive landscape in the Class 8 truck market has shifted, with many fleets expressing a preference for fully electric vehicles over hybrid solutions [23][24] - The company anticipates that the market will increasingly favor full electric vehicles, impacting the demand for its Hybrid eX product [56] Company Strategy and Development Direction - The company aims to become a leading provider of electrified solutions for the commercial vehicle industry, focusing on the Hypertruck ERX and Hybrid eX products [7] - The company is expanding its offerings into hydrogen fuel cell solutions and advanced software solutions, with plans to launch these after the Hypertruck ERX [30][32] - The addition of experienced industry veterans to the sales team is expected to enhance business development efforts [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the technology and its market potential, noting positive feedback from fleets regarding the Hypertruck ERX [18][34] - The company expects to generate revenue between $2 million and $3 million from Hybrid eX sales in 2022, with a focus on the number of units sold and the type of installations [41] - Management does not anticipate needing to raise additional funds in the near future, given the current cash position and expected revenue [68] Other Important Information - The company is on track to complete design verification development vehicles and begin production validation in 2022 [20][21] - The company has begun efforts on fuel agnostic and hydrogen fuel cell solutions, which will be subsequent releases after the Hypertruck ERX [32] Q&A Session Summary Question: Regarding the order for the 100 units backed by deposits, does that mean these are final? - Management confirmed that these orders are to secure production slots, with production expected to start in late 2023 and deliveries by the end of Q1 2024 [47] Question: Can you provide a sense of what the $2 million to $3 million revenue guidance translates to in terms of units? - Management expects to ship over 100 units, focusing on revenue rather than unit count due to varying pricing based on installation types [48] Question: What is the expected timing for Hypertruck deliveries? - Management indicated that deliveries will start ramping up in Q4 2023, with commitments to deliver all units by Q1 2024 [51] Question: How should the competitive landscape for hybrids be modeled over the next few years? - Management expects a ramp-up in 2023 and 2024, with a potential decline in 2025 as fully electric trucks enter the market [54] Question: What is the expected CapEx for 2022? - Management expects CapEx to be between $10 million and $20 million, primarily for facility expansion and tech lab development [63] Question: What feedback has been received from recent roadshows? - Positive feedback highlighted the integration and performance of the Hypertruck compared to other electric vehicles, with minor adjustments being made based on user feedback [88]