REE Automotive Ltd. (NASDAQ:REE) Q3 2022 Earnings Conference Call November 16, 2022 8:30 AM ET Company Participants Kamal Hamid - VP, IR Daniel Barel - Co-Founder and CEO Josh Tech - COO David Goldberg - CFO Conference Call Participants Mike Shlisky - D.A. Davidson & Company Jeff Osborne - Cowen & Co. Tyler DiMatteo - BTIG Colin Langan - Wells Fargo Operator Greetings, and welcome to the REE Automotive Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is bei ...

[Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Interim Balance Sheets](index=2&type=section&id=Consolidated%20Interim%20Balance%20Sheets) Total assets decreased to **$241.8 million** from **$292.9 million** at year-end 2021, primarily due to reduced cash, with equity declining to **$196.9 million** from **$250.4 million** reflecting the net loss Consolidated Balance Sheet Highlights (in thousands USD) | Balance Sheet Item | September 30, 2022 (Unaudited) | December 31, 2021 (Audited) | | :--- | :--- | :--- | | **Total Current Assets** | $195,497 | $288,072 | | Cash and cash equivalents | $67,648 | $275,772 | | Short-term investments | $117,500 | $— | | **Total Non-Current Assets** | $46,265 | $4,864 | | **TOTAL ASSETS** | **$241,762** | **$292,936** | | **Total Current Liabilities** | $25,116 | $20,556 | | **Total Non-Current Liabilities** | $19,734 | $21,977 | | Warrants liability | $— | $21,034 | | **TOTAL LIABILITIES** | **$44,850** | **$42,533** | | **Total Shareholders' Equity** | $196,912 | $250,403 | | **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | **$241,762** | **$292,936** | [Consolidated Interim Statements of Comprehensive Loss](index=3&type=section&id=Consolidated%20Interim%20Statements%20of%20Comprehensive%20Loss) Net loss significantly reduced to **$80.2 million** for the nine months ended September 30, 2022, from **$458.7 million** in 2021, driven by substantially lower operating expenses, particularly non-cash share-based compensation Statement of Comprehensive Loss (in thousands USD, except per share data) | Item | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2021 | | :--- | :--- | :--- | | Revenues | — | $6 | | Gross loss | ($547) | ($333) | | Research and development expenses, net | $59,802 | $229,132 | | Selling, general and administrative expenses | $39,812 | $246,545 | | **Operating loss** | **($100,161)** | **($476,010)** | | Income from warrants remeasurement | ($17,929) | ($17,263) | | **Net loss** | **($80,161)** | **($458,679)** | | **Basic and diluted net loss per share** | **($0.27)** | **($2.09)** | [Consolidated Interim Statement of Changes in Shareholders' Equity](index=4&type=section&id=Consolidated%20Interim%20Statement%20of%20Changes%20in%20Shareholders'%20Equity) Shareholders' equity decreased from **$250.4 million** to **$196.9 million** as of September 30, 2022, primarily due to the **$80.2 million** net loss, partially offset by share-based compensation and warrant reclassification Changes in Shareholders' Equity (in thousands USD) | Description | Amount | | :--- | :--- | | **Balance – January 1, 2022** | **$250,403** | | Net loss | ($80,161) | | Share-based compensation | $21,172 | | Reclassification of warrant liability to equity | $3,104 | | Exercise of options | $2,393 | | Other | $1 | | **Balance – September 30, 2022** | **$196,912** | [Consolidated Interim Statement of Cash Flows](index=6&type=section&id=Consolidated%20Interim%20Statement%20of%20Cash%20Flows) Cash, cash equivalents, and restricted cash decreased by **$208.3 million** to **$68.6 million** for the first nine months of 2022, primarily due to **$84.8 million** used in operations and **$125.8 million** in investing activities Cash Flow Summary (in thousands USD) | Cash Flow Activity | Nine months ended Sep 30, 2022 | Nine months ended Sep 30, 2021 | | :--- | :--- | :--- | | Net cash used in operating activities | ($84,817) | ($40,669) | | Net cash provided by (used in) investing activities | ($125,797) | $239 | | Net cash provided by financing activities | $2,345 | $290,486 | | **Decrease in cash, cash equivalents and restricted cash** | **($208,269)** | **$250,056** | | **Cash, cash equivalents and restricted cash at end of period** | **$68,646** | **$295,563** | - The significant cash used in investing activities in 2022 was due to the purchase of **$128.0 million** in short-term investments, a new activity compared to 2021[12](index=12&type=chunk) - In contrast to 2022, financing activities in 2021 provided **$290.5 million**, largely from the SPAC merger and PIPE financing[12](index=12&type=chunk) [Notes to the Interim Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Interim%20Consolidated%20Financial%20Statements) [NOTE 1. GENERAL](index=8&type=section&id=NOTE%201.%20GENERAL) REE Automotive, a development-stage company, is preparing for commercial trials of its P7 Platform, with management asserting **$185.1 million** in cash and short-term investments are sufficient for the next 12 months - The company is a development-stage entity focused on its REEcorner technology and is preparing to start commercial trials of its P7 Platform[19](index=19&type=chunk) - REE became a publicly traded company on the Nasdaq Stock Exchange on July 23, 2021, via a SPAC merger[20](index=20&type=chunk)[21](index=21&type=chunk) - As of September 30, 2022, the company's liquidity included **$67.6 million** in cash and **$117.5 million** in short-term investments, which it deems sufficient for the next 12 months of activity[22](index=22&type=chunk) [NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES](index=8&type=section&id=NOTE%202.%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) Interim financial statements are prepared under U.S. GAAP, with the 2022 adoption of ASC 842 for leases and recognition of **$943 thousand** in deferred revenues from a strategic development agreement - The company adopted the new lease accounting standard, ASU No. 2016-02 (Topic 842), on January 1, 2022, recognizing initial right-of-use assets and corresponding liabilities of **$8,860 thousand**[33](index=33&type=chunk)[53](index=53&type=chunk) - As an "emerging growth company," REE has elected to use the extended transition period under the JOBS Act for adopting new accounting standards[52](index=52&type=chunk) - As of September 30, 2022, the company had deferred revenues of **$943 thousand** related to a strategic development agreement to develop and supply REE platform prototypes[48](index=48&type=chunk)[49](index=49&type=chunk) [NOTE 3. INVESTMENTS](index=12&type=section&id=NOTE%203.%20INVESTMENTS) As of September 30, 2022, the company held **$117.5 million** in short-term investments, all classified as held-to-maturity, comprising investment-grade securities maturing within one year with no impairments recognized Short-Term Investments as of September 30, 2022 (in thousands USD) | Investment Type | Amortized Cost Basis | Fair Value | | :--- | :--- | :--- | | Bank deposits | $36,651 | $36,651 | | Agency bonds | $46,141 | $45,797 | | Municipal bonds | $507 | $503 | | Commercial paper | $29,722 | $29,722 | | Treasury bills | $4,479 | $4,475 | | **Total** | **$117,500** | **$117,148** | - All investments are classified as held-to-maturity, are investment grade, and have maturities of one year or less[58](index=58&type=chunk)[61](index=61&type=chunk) [NOTE 4. OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES](index=13&type=section&id=NOTE%204.%20OTHER%20ACCOUNTS%20RECEIVABLE%20AND%20PREPAID%20EXPENSES) Other accounts receivable and prepaid expenses totaled **$10.3 million** as of September 30, 2022, a decrease from **$12.2 million** at year-end 2021, primarily consisting of prepaid expenses and advances to suppliers Other Accounts Receivable and Prepaid Expenses (in thousands USD) | Item | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Government authorities | $753 | $897 | | Prepaid expenses | $5,558 | $5,151 | | Advances to suppliers | $3,393 | $5,734 | | Other receivables | $634 | $380 | | **Total** | **$10,338** | **$12,162** | [NOTE 5. LEASES](index=14&type=section&id=NOTE%205.%20LEASES) The company's operating leases for global offices and cars resulted in a present value of lease liabilities of **$20.6 million** as of September 30, 2022, with a weighted average remaining lease term of 8.3 years - Leases include worldwide office facilities and cars, all classified as operating leases[64](index=64&type=chunk) Maturities of Lease Liabilities as of Sep 30, 2022 (in thousands USD) | Period | Undiscounted Lease Payments | | :--- | :--- | | 2022 (remainder) | $639 | | 2023 | $3,445 | | 2024 | $3,509 | | 2025 | $3,486 | | 2026 and thereafter | $16,461 | | **Total undiscounted lease payments** | **$27,540** | | Less: Imputed interest | ($6,891) | | **Present value of lease liabilities** | **$20,649** | [NOTE 6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES](index=15&type=section&id=NOTE%206.%20ACCRUED%20EXPENSES%20AND%20OTHER%20CURRENT%20LIABILITIES) As of September 30, 2022, accrued expenses and other current liabilities increased to **$19.1 million** from **$16.0 million** at year-end 2021, primarily due to employee and payroll accruals, non-recurring engineering costs, and professional fees Accrued Expenses and Other Current Liabilities (in thousands USD) | Item | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Employees and payroll accruals | $6,570 | $8,262 | | Professional fees | $2,797 | $600 | | Non recurring engineering | $3,963 | $4,800 | | Government authorities | $2,040 | $648 | | Other payables | $3,708 | $1,708 | | **Total** | **$19,078** | **$16,018** | [NOTE 7. COMMITMENTS AND CONTINGENT LIABILITIES](index=15&type=section&id=NOTE%207.%20COMMITMENTS%20AND%20CONTINGENT%20LIABILITIES) REE had purchase commitments of **$6.3 million** as of September 30, 2022, with contingent royalty obligations totaling **$726 thousand** to the IIA and **$433 thousand** to the BIRD Foundation, payable only upon sales of specific products Purchase Commitments Schedule (in thousands USD) | Period | Amount | | :--- | :--- | | 2022 | $5,773 | | 2023 | $513 | | **Total** | **$6,286** | - The company has a remaining contingent obligation of **$726 thousand** to the IIA and **$433 thousand** to BIRD, which are royalty-bearing grants for the Softwheel products technology, payable only upon generating sales from those products[75](index=75&type=chunk)[77](index=77&type=chunk) [NOTE 8. SHAREHOLDERS' EQUITY](index=17&type=section&id=NOTE%208.%20SHAREHOLDERS'%20EQUITY) The company's capital structure includes dual-class shares, with share-based compensation expense significantly decreasing to **$21.2 million** in the nine months ended September 30, 2022, from **$434.0 million** in the prior-year period due to SPAC merger-related transactions - The company has a dual-class share structure: Class A shares have one vote, while Class B shares, held by founders, have ten votes per share[81](index=81&type=chunk)[82](index=82&type=chunk) Share-Based Compensation Expense (in thousands USD) | Expense Category | Nine months ended Sep 30, 2022 | Nine months ended Sep 30, 2021 | | :--- | :--- | :--- | | Cost of sales | $72 | $309 | | Research and development | $10,261 | $203,376 | | Selling, general and administrative | $10,839 | $230,277 | | **Total** | **$21,172** | **$433,962** | - The report details the capital restructuring, SPAC merger, and PIPE financing that occurred in 2021, which significantly impacted the equity structure and related expenses in that period[88](index=88&type=chunk)[93](index=93&type=chunk)[96](index=96&type=chunk) [NOTE 9. INCOME TAXES](index=19&type=section&id=NOTE%209.%20INCOME%20TAXES) For the nine months ended September 30, 2022, the company recorded an income tax expense of **$1.7 million** despite a pre-tax loss, primarily due to non-recognition of tax benefits from net operating losses, with unrecognized tax benefits increasing to **$1.8 million** - The company's effective tax rate for the nine months ended September 30, 2022 was **(2.15)%**[103](index=103&type=chunk) - The main reason for the difference between the statutory and effective tax rates is the non-recognition of tax benefits from accumulated net operating loss carryforwards due to uncertainty of realization[100](index=100&type=chunk) Reconciliation of Unrecognized Tax Benefits (in thousands USD) | Description | Amount | | :--- | :--- | | Opening balance (Dec 31, 2021) | $856 | | Tax positions reversed in current year | ($266) | | Tax positions taken in current year | $1,089 | | Accrued interest | $73 | | **Ending balance (Sep 30, 2022)** | **$1,752** | [NOTE 10. WARRANT LIABILITIES](index=20&type=section&id=NOTE%2010.%20WARRANT%20LIABILITIES) In September 2022, REE eliminated all outstanding warrants through voluntary and mandatory exchanges for Class A shares, reclassifying the **$3.1 million** warrant liability to additional paid-in capital - On September 22, 2022, the company completed a registered exchange offer for its **15.56 million** outstanding warrants[109](index=109&type=chunk) - The company exchanged **13.0 million** tendered warrants for **2.6 million** Class A shares and mandatorily exchanged the remaining **2.5 million** warrants for **0.46 million** Class A shares[109](index=109&type=chunk)[110](index=110&type=chunk) - The fair value of the warrant liability as of the exchange date, **$3.1 million**, was reclassified to additional paid-in capital, eliminating the liability from the balance sheet[111](index=111&type=chunk) [NOTE 11. FAIR VALUE MEASUREMENTS](index=21&type=section&id=NOTE%2011.%20FAIR%20VALUE%20MEASUREMENTS) As of September 30, 2022, the company's assets measured at fair value included **$30.8 million** in money market funds (Level 1) and **$117.1 million** in short-term investments (Level 2), with the warrant liability completely eliminated after the exchange Assets at Fair Value as of Sep 30, 2022 (in thousands USD) | Asset Type | Level 1 | Level 2 | Level 3 | | :--- | :--- | :--- | :--- | | Money market fund | $30,765 | $— | $— | | Short-term investments | $— | $117,148 | $— | | **Total** | **$30,765** | **$117,148** | **$—** | Reconciliation of Level 3 Liabilities (in thousands USD) | Description | Amount | | :--- | :--- | | **Balance – December 31, 2021** | **$10,670** | | Change in fair value of Private Placement Warrant liability | ($9,512) | | Transfer of Private Placement Warrants to Public Warrants | ($699) | | Reclassification of warrant liability to equity | ($459) | | **Balance – September 30, 2022** | **$—** | [NOTE 12. FINANCIAL INCOME, NET](index=23&type=section&id=NOTE%2012.%20FINANCIAL%20INCOME,%20NET) For the nine months ended September 30, 2022, the company reported net financial income of **$3.7 million**, comprising **$1.7 million** in interest income and bank fees, and **$2.0 million** in favorable foreign currency translation adjustments Financial Income, Net (in thousands USD) | Item | Nine months ended Sep 30, 2022 | Nine months ended Sep 30, 2021 | | :--- | :--- | :--- | | Interest income and bank fees, net | ($1,731) | ($202) | | Foreign currency translation adjustments - expense (income) | ($2,007) | $76 | | **Financial income, net** | **($3,738)** | **($126)** | [NOTE 13. BASIC AND DILUTED NET LOSS PER SHARE](index=23&type=section&id=NOTE%2013.%20BASIC%20AND%20DILUTED%20NET%20LOSS%20PER%20SHARE) For the nine months ended September 30, 2022, basic and diluted net loss per share was **$0.27**, calculated on a net loss of **$80.2 million** and **292.1 million** weighted average shares, with all potentially dilutive securities excluded due to anti-dilutive effect Net Loss Per Share Calculation (in thousands USD) | Item | Nine months ended Sep 30, 2022 | Nine months ended Sep 30, 2021 | | :--- | :--- | :--- | | Net loss (in thousands USD) | ($80,161) | ($458,679) | | Weighted average shares | 292,058,962 | 219,207,053 | | **Basic and diluted net loss per share** | **($0.27)** | **($2.09)** | - A total of **73.6 million** weighted average shares from outstanding options and warrants were excluded from the diluted loss per share calculation for the nine months ended September 30, 2022, due to their anti-dilutive effect[122](index=122&type=chunk) [NOTE 14. SUBSEQUENT EVENTS](index=24&type=section&id=NOTE%2014.%20SUBSEQUENT%20EVENTS) Subsequent to the reporting period, REE received a Nasdaq non-compliance notice for its Class A ordinary shares falling below the **$1.00** minimum bid price, with a 180-day period to regain compliance by May 8, 2023 - On November 7, 2022, the company was notified by Nasdaq of non-compliance with the minimum bid price rule of **$1.00** per share[124](index=124&type=chunk) - The company has a 180-day compliance period, ending May 8, 2023, to regain compliance by having its closing bid price at or above **$1.00** for at least ten consecutive business days[124](index=124&type=chunk)

Financial Data and Key Metrics Changes - The company reported a GAAP net loss of $25.2 million in Q2 2022, compared to a net loss of $21.5 million in Q1 2022, primarily due to lower income from warrants remeasurement [34] - The non-GAAP net loss decreased to $21.3 million in Q2 2022 from $28.3 million in Q1 2022, attributed to the timing of expense recognition related to development and production capacity costs [35] - As of June 30, the company had approximately $207 million in liquidity, consisting of cash and short-term investments, with no debt [37] Business Line Data and Key Metrics Changes - The company is focused on the commercialization of two separate P7 products, with strong customer interest in electric vehicles powered by REE, expecting firm orders in the coming months [10][19] - The P7 platform is designed to accommodate commercial vehicles from Class 3 to 5, with two full vehicles already debuted [14][21] - The company is on track to achieve an initial production capacity of 10,000 vehicle sets by the end of 2022, with plans to double this capacity to 20,000 vehicle sets annually [13][28] Market Data and Key Metrics Changes - The company is actively assessing the potential benefits of regulatory tailwinds, such as the Inflation Reduction Act, which supports the shift of major commercial fleets to electric vehicles [12] - The company targets the Class 3 and Class 5 commercial vehicle segments, with approximately 750,000 trucks in these classes needing electrification in North America and Europe [64][66] Company Strategy and Development Direction - The company aims to convert its pipeline into backlog by receiving customer input on the P7 product line and deploying test fleets for real-world evaluations [9][19] - The integration centers will utilize robotic assembly cells for greater flexibility and scalability, allowing for rapid deployment of technology across various applications [30][33] - The company emphasizes a CapEx-light business model, requiring significantly less capital than traditional OEMs for establishing integration centers [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production capacity targets despite potential supply chain disruptions, reaffirming the timeline for achieving 10,000 vehicle sets by the end of the year [56] - The company remains focused on executing its business plan, with the majority of its budget allocated towards the commercialization of the P7 platform in the U.S. and Europe [39] - Management highlighted the importance of customer feedback in the development process, indicating that the Proxima vehicle received strong acceptance from fleet operators [48] Other Important Information - The company filed a shelf registration statement intending to allocate up to $75 million for the sale of Class A ordinary shares, although there are no current plans to issue shares under this program [38] - The company is committed to providing a full turnkey solution for some customers, including charging infrastructure and maintenance services, while also allowing others to manage these aspects in-house [88] Q&A Session Summary Question: What is the go-to-market strategy for the P7-B? - The company will utilize both direct sales and partnerships with upfitters like EAVX and Morgan Olson, depending on the vehicle class and market structure [43][44] Question: What is the margin profile difference between P7-B and Proxima? - The margin profile and economics are expected to be similar across both vehicles [45] Question: What feedback was received from the Proxima event? - Feedback was largely positive, with customers indicating that the vehicle met their needs, although there were suggestions for improvements [46][48] Question: Can you provide details on the shelf registration filed? - The shelf registration is considered good housekeeping, with no intention to use the ATM facility currently, as the company is fully funded for P7 [55] Question: Are there risks to achieving the 10,000 platforms per year capacity? - Management does not foresee any hiccups in reaching the production target by the end of the year [56] Question: How do the two strategies of supplying chassis and integrated vehicles evolve? - The company targets the two largest segments in commercial vehicles, with a clear path to market through customer demos and test fleets [60][63] Question: How many test units for Class 3 and 5 will be produced in the second half of the year? - The company has the capacity to manufacture over 100 test units, but the actual number will depend on customer acceptance [72][73] Question: What is the expected cadence of OpEx and CapEx for the second half of the year? - The company remains disciplined in spending and is on track to meet its guidance, with a step-up in spending expected as testing activities ramp up [80]

Table of Contents REE AUTOMOTIVE LTD. CONSOLIDATED FINANCIAL STATEMENTS Exhibit 99.2 REE AUTOMOTIVE LTD. AND ITS SUBSIDIARIES INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2022 UNAUDITED INDEX INDEX TO FINANCIAL STATEMENTS | Consolidated Interim Balance Sheet | F-2 | | --- | --- | | Consolidated Interim Statements of Comprehensive Loss | F-3 | | Consolidated Interim Statement of Changes in Shareholders' equity | F-4 | | Consolidated Interim Statement of Cash Flows | F-5 | | Notes to the Interim C ...

REE Automotive Ltd. (NASDAQ:REE) Q1 2022 Earnings Conference Call May 17, 2022 8:30 AM ET Company Participants Limor Gruber - Director of IR Daniel Barel - Co-Founder and CEO David Goldberg - CFO Conference Call Participants Mike Shlisky - D.A. Davidson Jeff Osborne - Cowen and Co. Andres Sheppard - Cantor Fitzgerald Greg Lewis - BTIG Colin Langan - Wells Fargo Operator Greetings, and welcome to the REE Automotive First Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this confe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR 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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Financial Data and Key Metrics Changes - The company reported a GAAP net loss of $46.7 million in Q4 2021, a significant decrease from $414.9 million in Q3 2021, primarily due to $394 million in expenses related to stock options in the previous quarter [33] - Non-GAAP net loss increased to $26 million in Q4 2021 from $19 million in Q3 2021, reflecting ongoing investments in technical and engineering staff [34] - As of December 31, 2021, the cash balance was $275.8 million, with no debt, providing sufficient funding for ongoing programs and R&D efforts [35] Business Line Data and Key Metrics Changes - The company is focused on the Commercial Vehicles segment, including light commercial vehicles, delivery vans, and trucks, due to the rapid electrification of commercial fleets [22] - The P7 modular platform is designed for commercial delivery vehicles and walk-in vans, offering 35% more cargo space for a given footprint [24] Market Data and Key Metrics Changes - The company anticipates initial production capacity of 10,000 vehicle sets by the end of 2022, ramping up to 20,000 by the end of 2023 [20] - The demand for fuel cells is primarily seen in high-end vehicle classes, while the bulk of demand is expected to be for battery electric vehicles in the near term [55][56] Company Strategy and Development Direction - REE Automotive is pursuing a CapEx light manufacturing approach, establishing integration centers in the UK and Texas to support production capabilities [19][37] - The company aims to create a comprehensive ecosystem of services, including vehicle financing and charging infrastructure, to facilitate the transition from internal combustion engine (ICE) to electric vehicle (EV) fleets [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the homologation process timelines for both the U.S. and Europe, with no identified hurdles [51] - The company is focused on converting its large pipeline of potential customers into firm orders by the end of 2022, following prototype evaluations [62] Other Important Information - The company has established an Engineering Center of Excellence in the UK to accelerate engineering design and testing [19] - A strategic partnership with Hitachi America aims to co-create a scalable Data-as-a-Service platform, providing operational efficiencies and potential subscription-based revenue [16] Q&A Session Summary Question: What are the key steps and hurdles for the homologation process in 2022? - Management confirmed that they expect to be fully homologated and ready for SOP in 2023, with no identified hurdles at this point [51] Question: Is there more customer interest for fuel cells over battery electric vehicles? - Management indicated that while there is demand for fuel cells, the bulk of demand is expected to be for battery electric vehicles in the near term [56] Question: Can you provide an update on the 20 total customer programs referenced previously? - Management stated that they are focused on converting the pipeline into firm orders and continue to develop partnerships [64] Question: Are there any issues with obtaining equipment for the Integration Centers? - Management confirmed that both the UK and Austin Integration Centers are on track with no delays anticipated [80]

POWERED BY REE REE – Q4 2021 Results POWERED BY REE Disclaimer . This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used t ...

EXHIBIT 99.1 REE Automotive Announces Fourth Quarter 2021 Financial Results Business plan on track towards firm orders and start of production TEL AVIV, Israel, March 03, 2022 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ: REE) ("REE" or the "Company"), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced its financial results for the fourth quarter of 2021. REE is focused on executing milestone deliverables on its signed strategic collaborations relating to var ...

CES 2022 Analyst & Investor Briefing REE Forward-Looking Statement This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used ...