Lilium N.V. (NASDAQ:LILM) Q3 2022 Earnings Conference Call December 6, 2022 8:00 AM ET Company Participants Geoff Richardson - CFO Klaus Roewe - CEO Sebastien Borel - SVP, Commercial Conference Call Participants Colin Rusch - Oppenheimer Alex Potter - Piper Sandler Bill Peterson - JPMorgan Adam Forsyth - Longspur Capital David Zazula - Barclays Savanthi Syth - Raymond James Geoff Richardson Good morning, everyone. Welcome to Lilium's Q3 2022 Business Update Call. My name is Geoff Richardson, Chief Financial ...

Lilium N.V. (NASDAQ:LILM) Q2 2022 Earnings Conference Call September 28, 2022 8:00 AM ET Company Representatives Klaus Roewe - Chief Executive Officer Geoff Richardson - Chief Financial Officer Sebastien Borel - Senior Vice President, Commercial Conference Call Participants Alexander Potter - Piper Sandler Colin Rusch - Oppenheimer Bill Peterson - JP Morgan Adam Forsyth - Longspur David Zazula - Barclays Savanthi Syth - Raymond James Geoff Richardson Good afternoon and good morning, everyone. Welcome to Lil ...

Financial Data and Key Metrics Changes - Total cash spend in Q1 2022 was $67 million, lower than Q4 2021's $73 million [38] - Liquidity as of March 31, 2022, stood at $331 million [38] - Full year total cash spend is expected to be approximately $265 million [39] Business Line Data and Key Metrics Changes - The company has successfully conducted a preliminary design review, confirming that the Lilium Jet can meet targeted technical and commercial requirements [32] - Significant progress has been made with EASA, aiming to conclude the full agreement of the certification program in 2022 [35][36] Market Data and Key Metrics Changes - Flight activity in Spain has significantly increased, with a historic achievement in main wing transition [36] - There is significant interest from the premium segment, confirming the suitability of the spacious cabin and proprietary jet propulsion [36] Company Strategy and Development Direction - Lilium aims to revolutionize regional aviation by making it sustainable and more accessible [26] - The company plans to leverage its unique position to scale technologies across multiple platforms in regional electric aviation [28] - The introduction of Klaus Roewe as the new CEO is expected to enhance execution capabilities while maintaining a focus on innovation [30][31] Management's Comments on Operating Environment and Future Outlook - Management is closely monitoring the effects of the conflict in Europe, COVID, and general economic factors on the business [38] - The company is optimistic about its certification progress and the upcoming industrialization phase [67] Other Important Information - Lilium has filed over 70 patents, with 37 published recently, emphasizing its commitment to innovation [68] - The company has established an equity line of credit with Tumim Stone Capital, allowing for the sale of up to $75 million in new shares [40] Q&A Session Summary Question: Impact of wing transition on partnerships - Management indicated that partners were already confident in the company's capabilities, and the completion of the preliminary design review has strengthened collaboration [74][75] Question: Innovation in engine development and material supply - The company is aware of material shortages and has secured volumes with contractors through 2026, including a collaboration with Livent for lithium supply [76] Question: Battery cell chemistry and longevity - Management emphasized the importance of cycle life and charging speed in selecting battery technology, with satisfactory initial aging tests [84][85] Question: Addition of short-running landing functionality - This feature was always a potential addition, providing more flexibility and energy efficiency during landing [89][90] Question: Status of US expansion in Palm Beach, Florida - The company is progressing well in Florida, with partners secured and ongoing infrastructure development [119] Question: FAA certification changes - Management is awaiting further clarification from the FAA but is optimistic about the potential harmonization of certification processes with EASA [121][124] Question: Digital services provided by Lilium - The company sees significant revenue potential in digital services, including partnerships for battery monitoring and predictive maintenance [127][128]

☆LILIUM Q1 2022 Business Update June 7th 2022 Today's speakers | --- | --- | --- | --- | --- | |------------------------|-----------------------------------------------------------------|--------------------------------------------------------------|----------------------------------------------|------------------------------------------------------------------------------| | Tom Enders CHAIRMAN | Daniel Wiegand CEO & CO-FOUNDER | Geoffrey Richardson CHIEF FINANCIAL OFFICER | Alastair McIntosh CHIEF TECHNOL ...

Financial Performance - Operating losses for the years ended December 31, 2020 and 2021 were €138.7 million and €400.6 million respectively, with expectations of continued losses in 2022 and beyond [394]. - Net cash used in operating activities for 2021 was €215.1 million, a significant increase from €77.9 million in 2020, primarily due to a net loss of €411.0 million [403]. - The company has substantial doubt about its ability to continue as a going concern due to recurring losses and the need for additional capital [399]. Cash and Liquidity - Cash and cash equivalents as of December 31, 2021 were €353.3 million, up from €154.9 million in 2020, with current other financial assets increasing to €219.6 million from €50.7 million [396]. - Future cash requirements are expected to necessitate additional financing through public or private equity offerings, debt financings, or partnerships [417]. - The company mitigates market risk by investing only in short-term deposits and investment-grade credit instruments, prioritizing capital preservation [687]. - Liquidity risk is reduced by investing in assets with maturities that align with the company's liquidity needs [688]. Operating Expenses and Investments - The company anticipates substantial increases in operating expenses as it advances the development and certification of the Lilium Jets and commercializes its network [410]. - The net cash used in investing activities for 2021 was €203.4 million, primarily due to investments in property, plant, and equipment, and short-term investments [406]. - The company expects to incur significant costs related to the ongoing design and development of the Lilium Jet, including completing Type Certification and building a serial production factory [415]. Compensation and Governance - Total compensation for Daniel Wiegand was €1,841,793, while total compensation for all other executives was €6,030,850 for the year ended December 31, 2021 [438]. - The company has a board of directors consisting of 9 members, with 2 female and 7 male directors [437]. - The company has a history of strong leadership with executives having extensive experience in the automotive and aerospace industries [430][429]. - Total compensation for non-executive board members amounted to €1,027,614 for the year ended December 31, 2021 [441]. Stock Options and Equity Plans - The 2021 Equity Incentive Plan was adopted to facilitate the grant of equity awards to attract and retain employees, essential for the company's long-term success [452]. - The maximum number of shares that may be delivered under the 2021 Plan is 24,880,272 shares, which can be increased by unallocated legacy options [456]. - Stock options granted under the 2021 Plan must have an exercise price of at least 100% of the fair market value on the grant date [458]. - The ESPP allows eligible employees to purchase shares at a price of 85% of the lesser of the fair market value on the grant date or the exercise date [474]. Risk Management - Credit default risk is minimized by avoiding low credit quality investments and diversifying across different counterparties [688]. - Interest rate risk is managed by investing in fixed-interest assets or holding assets until maturity [688]. - The company does not engage in speculative trading of financial assets, focusing instead on maintaining appropriate liquidity levels [687]. Employee Relations - The company employs 745 individuals and has 219 full or part-time contractors, with no work stoppages reported and a good relationship with employees [508]. - Participation in the ESPP is limited to employees with at least two years of service and who work 20 hours or more per week [472]. Board and Committee Structure - The Audit Committee is responsible for overseeing the adequacy and effectiveness of internal controls over financial reporting [504]. - The General Meeting can overrule binding nominations by a two-thirds majority of votes cast, provided it represents more than half of the issued share capital [499].

Lilium NV (NASDAQ:LILM) Q4 2021 Earnings Conference Call March 1, 2022 8:00 AM ET Company Participants Bjorn Scheib - IR Geoff Richardson - CFO Sebastien Borel - VP, Business Daniel Wiegand - Co-Founder and CEO Conference Call Participants Alex Potter - Piper Sandler Colin Rusch - Oppenheimer David Zazula - Barclays Bjorn Scheib Good afternoon and good morning to everyone. Welcome to Lilium's Full Year 2021 Business Update. This is our second conference call being publicly listed. My name is Bjorn Scheib, ...

Lilium NV (NASDAQ:LILM) Q3 2021 Earnings Conference Call November 16, 2021 8:00 AM ET Company Participants Bjorn Scheib - IR Geoffrey Richardson - CFO Alastair McIntosh - CTO Daniel Wiegand - Co-Founder, CEO & Executive Director Conference Call Participants Colin Rusch - Oppenheimer Bjorn Scheib So good afternoon and good morning to everyone. Welcome to Lilium's Q3 2021 Business Update Conference Call. My name is Bjorn Scheib, and I'm the Head of Investor Relations at Lilium. Before we start, let me just go ...

1 Q3 – Business Update Call Q3 – Business Update Call November 16, 2021 Legal disclaimer No Representations or Warranties No representations or warranties, express or implied, are given in, or in respect of, this presentation. To the fullest extent permitted by law, in no circumstances will Lilium N.V. ("Lilium" or the "Company") or its subsidiaries (collectively, the "Lilium Group") or any of their respective shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or a ...