UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 June 30, 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 001-38971 XL Fleet Corp. (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporation or orga ...

XL Fleet Corp. (XL) Q2 2021 Results Conference Call August 12, 2021 5:00 PM ET Company Participants Jim Berklas - General Counsel and VP, Corporate Development Tod Hynes - Founder and President Dimitri Kazarinoff - Chief Executive Officer Cielo Hernandez - Chief Financial Officer Operator Good afternoon, and welcome to the XL Fleet Corp. Second Quarter 2021 Conference Call. As a reminder, today's call is being recorded. At this time, all participants are in a listen-only mode. A brief question-and-answer se ...

Financial Data and Key Metrics Changes - Revenues for Q1 2021 totaled approximately $700,000, down from $1.2 million in the prior year period, indicating a decline [23] - Gross loss for the quarter was approximately $700,000 compared to a gross loss of approximately $60,000 in the prior period [23] - Cash and cash equivalents at the end of Q1 2021 were approximately $404 million, up from $330 million in the previous quarter [25] - The company restated its financial statements to account for warrants as liabilities, which had no impact on historical or forward-looking cash flow and operations [26][27][28] Business Line Data and Key Metrics Changes - The acquisition of World Energy Efficiency Services is expected to enhance XL Fleet's charging infrastructure division, XL Grid, and is immediately accretive to the company [13][8] - The partnership with Dickinson Fleet Services expands the service network significantly, providing access to 700 mobile repair units and 800 technicians [16] Market Data and Key Metrics Changes - The company noted that commercial fleet orders follow a seasonal pattern, with significant revenue expected in the second half of the year [30] - Supply chain issues, including the ongoing COVID-19 pandemic and shortages in key production markets, continue to create uncertainty in the industry [29] Company Strategy and Development Direction - The acquisition of World Energy aligns with the company's strategy to provide comprehensive electrification solutions and remove barriers to adoption [9][11] - The company is focused on expanding its product offerings, including all-electric solutions and partnerships with companies like Curbtender for electrified refuse trucks [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improved visibility for the second half of the year as customers refresh their budgets in July [29] - There is a recognition of ongoing industry challenges, but the company remains committed to building the business and innovating new technologies [33] Other Important Information - The company is planning for growth by adding talent across various departments, including engineering, sales, and marketing [20] - Cielo Hernandez joined as Chief Financial Officer, bringing over 25 years of experience [21] Q&A Session Summary Question: Were there any new systems sold as part of the revenue? - Management indicated that they shipped a little over 30 systems in Q1, resulting in a modest increase in cumulative systems [36] Question: Will the combined entity pursue energy efficiency drivers? - Management clarified that World Energy focuses on smaller to medium-sized projects, which aligns with their electrification goals [38] Question: How should expectations for 2021 be framed relative to 2020? - Management expects a majority of revenue to be back-loaded in 2021, with significant pressures alleviating in the second half of the year [42] Question: How is the acquisition of World Energy expected to trend in 2021? - Management expressed confidence in World Energy's strong business and relationships, anticipating continued momentum [49] Question: What are the lead times for EV solutions? - Existing hybrid and plug-in hybrid systems have a lead time of 10 to 14 weeks, while EV solutions are still in product development with longer lead times [58]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 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 001-38971 XL Fleet Corp. (Exact name of Registrant as specified in its Charter) Delaware 83-4109918 (State or other jurisdiction of incorporation or organi ...

XL Fleet Corp. (XL) Q4 2020 Results Conference Call March 31, 2021 5:00 PM ET Company Participants Jim Berklas - General Counsel and VP, Corporate Development Tod Hynes - Founder and President Dimitri Kazarinoff - Chief Executive Officer Conference Call Participants Greg Lewis - BTIG Jed Dorsheimer - Canaccord Genuity Operator Greetings. Welcome to the XL Fleet Fourth Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal pr ...

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, 2020 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 001-38971 XL Fleet Corp. (Exact name of Registrant as specified in its Charter) Delaware 83-4109918 (State or other jurisdiction of (I.R. ...

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, 2020 ☐ 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. 001-38971 PIVOTAL INVESTMENT CORPORATION II (Exact name of registrant as specified in its charter) Delaware 83-41099 ...

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 June 30, 2020 ☐ 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. 001-38971 PIVOTAL INVESTMENT CORPORATION II (Exact name of registrant as specified in its charter) Delaware 83-4109918 (S ...

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 March 31, 2020 ☐ 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. 001-38971 PIVOTAL INVESTMENT CORPORATION II (Exact name of registrant as specified in its charter) Delaware 83-4109918 ( ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the year ended December 31, 2019 Commission File Number 001-38971 PIVOTAL INVESTMENT CORPORATION II (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of Incorporation) c/o Graubard Miller The Chrysler Building 405 Lexington Avenue, 11th Floor New York, NY 10174 10174 (Address o ...