SES AI Corporation (NYSE:SES) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants Kyle Pilkington - Chief Legal Officer Qichao Hu - Chairman & Chief Executive Officer Jing Nealis - CFO Conference Call Participants Mark Shooter - William Blair & Company Shawn Severson - Water Tower Research Operator Good afternoon. Thank you for attending today's SES AI Second Quarter 2024 Business and Financial Results. My name is Cole, and I'll be the moderator for today's call. [Operator Instruc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 001-39845 88-0641865 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.0001 par value per share SES The New York Stock Exchange Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share SES WS The New York Stock Exchange FOR ...

Table of Contents SES AI Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...

SES AI Corporation (NYSE:SES) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Kyle Pilkington - Chief Legal Officer Qichao Hu - Founder, Chairman and CEO Jing Nealis - CFO Conference Call Participants Mark Shooter - William Blair Shawn Severson - Water Tower Research Operator Good morning, all. I would like to welcome you all to the SES First Quarter 2024 Business and Financial Results Call. My name is Brica and I will be your moderator for today's call. All lines are on mute fo ...

Exhibit 99.1 Dear Shareholders, Our mission is to power a new era of electric transportation on land and in air with Li-Metal batteries. That new era became a lot more visible in the past few weeks as we reached two milestones that we believe no Li-Metal battery manufacturer has ever reached before. We're excited to talk about those achievements in more detail as we believe these milestones reinforce our lead in the race to commercialize our Li-Metal technology for both EV and UAM applications. We have talk ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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: 001-39845 SES AI Corporation (Exact name of registrant as specified in its Charter) Delaware 88-0641865 (State or othe ...

Financial Data and Key Metrics Changes - The company reported cash used in operations of $56.4 million for the full year 2023, with capital expenditures of $15.8 million, ending the year with $332 million in liquidity, which supports the company in achieving commercialization milestones [38][62] - Operating expenses for the fourth quarter were $17.9 million, slightly down from the same period last year, with research and development expenses of $7.4 million [63][84] Business Line Data and Key Metrics Changes - The company achieved significant improvements in lithium-metal cell production, producing more large automotive lithium-metal cells per month in just one line in 2023 than during all of 2022 [16] - Avatar AI prediction accuracy increased from 60% in 2022 to 92% in 2023, with a target of 95% for 2024 [23][51] Market Data and Key Metrics Changes - The Urban Air Mobility (UAM) market is identified as a promising opportunity, with the company planning to ship the first batch of UAM cells in 2024, which will be its first commercial products [30][58] - The company targets energy density for UAM cells at least 1100 to 1200 watts per liter, significantly higher than current lithium-ion batteries [9][118] Company Strategy and Development Direction - The company focuses on delivering EV B-sample joint development agreements and aims to sign more agreements later in the year, emphasizing the importance of practical safety and manufacturability [12][22] - The strategy includes using AI to monitor battery health and predict incidents, aiming for near 100% safety guarantee for EV and UAM applications [17][59] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the UAM market, highlighting that achieving FAA certification for battery packs will set standards for years to come [6][30] - The company plans to increase quality control checkpoints from 600 to 1,500, integrating more imaging-based checkpoints with Avatar AI [53][32] Other Important Information - The company is converting one of its A-sample lines in South Korea to produce UAM cells, which will incorporate the latest production quality control plan [57] - The company aims to build a robust roadmap for future generations of lithium metal through systematic study of electrolyte chemical structures [54] Q&A Session Summary Question: What is the timeline for B-sample development? - The B-sample development is expected to take about 18 months, concluding around mid-next year [66] Question: How much of the CapEx is allocated to automotive versus UAM? - Most of the CapEx will be focused on the automotive B-sample line, with a smaller portion dedicated to converting an A-sample line for UAM [69] Question: When will the first commercial battery production be available? - The first commercial production for UAM is targeted for the first half of 2025, while EV production is likely in the second half of next year [96] Question: What are the key challenges in scaling lithium-metal anode production? - Challenges include the thin and weak nature of lithium on copper, which complicates conventional production processes [97] Question: How will AI be used to advance battery technology? - AI will be used to ensure safety and improve performance, cycle life, energy density, and for future material development [75]

Dear Shareholders, 2023 was a great year for us, we took a massive step toward commercialization of our Li-Metal technology for automotive applications. We signed the world's first automotive B-sample joint development agreement for Li-Metal batteries with a major automaker. No one has ever gotten this far with Li-Metal batteries for EV application. This is a giant leap in the commercialization of Li-Metal technology for automotive applications. Our 3 JDA partners, GM, Hyundai, and Honda continue to be very ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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: 001-39845 SES AI Corporation (Exact name of registrant as specified in its charter) (State or other jurisdict ...

SES AI Corporation (NYSE:SES) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Eric Goldstein - Vice President, Investor Relations Qichao Hu - Founder and Chief Executive Officer Jing Nealis - Chief Financial Officer Conference Call Participants Winnie Dong - Deutsche Bank Shawn Severson - Water Tower Research Jeff Grampp - Alliance Global Partners Operator Hello, everyone, and welcome to the SES AI Corporation Third Quarter Earnings Conference Call. My name is Bruno and I'l ...