ARCIMOTO CORPORATE OVERVIEW

Transcription

1 ARCIMOTO CORPORATE OVERVIEW 2018 Q3

2 DISCLAIMER Except for historical information, all of the statements, expectations, and assumptions contained in this presentation are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: fluctuations in our financial results; our ability to effectively execute on our developing growth strategy; our ability to design, manufacture and market vehicle models; the number of reservations and cancellations for our vehicles and the ability to deliver on those reservations; our reliance on key personnel; our ability to manage the distribution channels for our products, including our ability to successfully implement our direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; changes in consumer demand for, and acceptance of, our products; changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; and changes in laws or regulations governing our business and operations. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.

3 ABOUT ARCIMOTO Arcimoto was founded in 2007 to help catalyze the shift to a sustainable transportation system. Arcimoto means Future I Drive and it is our aspiration: to devise new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. We went public on Nasdaq last September to build out the Arcimoto Manufacturing Plant and bring the ultra-efficient pure electric Fun Utility Vehicle (FUV) to the world.

4 THE PROBLEM The world s current transportation system relies on oversized, overweight vehicles powered by fossil fuels and antiquated drive train technology. Consumers increasingly feel the impact of congested urban traffic and sense the urgency of looming climate crises. Existing manufacturers, and new entrants alike, have failed to introduce viable, clean, mass-market urban solutions: new full-size electric cars cost too much. The capital intensity of the traditional automotive development approach makes exploring new vehicle platforms cost- prohibitive.

5 THE SOLUTION Disruptive Product: The Arcimoto Fun Utility Vehicle The FUV combines daily transportation utility, massmarket affordability (target base price at scale: $11,900), and extreme efficiency (target 230 MPGe), in a ride that is incredibly fun to drive. Daily utility means two comfortable passengers, full speed operation in order to participate on all the roads, useful daily range (target 70 or 130 miles depending on battery option), parks three to a space, optional enclosures for inclement weather, as well as delivery and other special purpose versions. 10x Efficiency 1/4 Footprint 1/3 Price

6 THE SOLUTION Capital-Efficient Development: Arcimoto developed the Fun Utility Vehicle through eight generations of product development and market launch, and the company s public offering on Nasdaq for approximately $10M. Capital-Efficient Production: Arcimoto has tooled up a facility we anticipate will be capable of producing 10,000+ units/yr for a capital investment of < $10M. Replicable Production Model: We anticipate that Arcimoto s use of flexible advanced manufacturing design patterns will allow Arcimoto Manufacturing Plants to be deployed in key markets worldwide.

7 THE SOLUTION Rental-focused In-Market Experience: Traditional vehicle manufacturers sell through franchised dealerships, Tesla pioneered company-owned stores. Both models are non-optimal, requiring either diluted margins or cap-ex and operational overhead. Arcimoto is pioneering the rentail experience concept - rental operations in key destination markets we believe will significantly lower the cost of customer acquisition. Rental Franchises and Vehicle Sharing: We believe the Company will be able to franchise rental operations, shifting the capital expense of in-market operations to our franchise partners. Future franchises could include both vacation destination rental operations as well as next-generation vehicle sharing companies.

8 MARKET OPPORTUNITY High-growth, multi-billion dollar market Electric Vehicle Market The global market for electric vehicle (EV) will grow from $75.7 billion in 2017 to around $127.7 billion by 2022 with a $127B compound annual growth rate (CAGR) of 11.0% for the period of Two big reasons for the rapid growth of EVs: $75B public subsidies and falling battery prices billion-in-2017-to-around-1277-billion-by-2022-with-acompound-annual-growth-rate-cagr-of-110- for-the-periodof html

9 FINANCIAL OVERVIEW Q Q Total Revenue $85,332 $0 Total Operating Expenses $2.2M $0.6M Loss from Operations $(2.2)M $(0.6)M Net Income (Loss) $(2.2)M $(0.6)M Net Loss Per Common Share (basic & diluted) $(0.14) $(0.05) Q Q Pre-Orders (units) 2,800 1,523 Anticipated Revenue (assuming $15,000 ASP) $42.0M $22.8M

10 2018 FUV PRODUCTION TARGETS Series: Signature Beta Pilot Retail Time Frame Q1 -> Q2 Completed Q2 -> Q3 On schedule Q3 -> Q4 On schedule Q4+ On schedule Unit Count test chassis Lots Drivers Key early customers and test facilities Test facilities and experience centers Experience centers, early fleets, customers Everyone

11 2019 FUV PRODUCTION TARGETS Reservations as of 6/30/2018: 2,800 $42.0M anticipated revenue from pre-orders 2019 Production Goal: Achieve 10,000+ units/yr build rate (~200/week) by EOY Targets at 10,000+ units/yr: $15,000 ASP 27% gross margin

12 PATENTED TECHNOLOGY Arcimoto s intellectual property portfolio enables the Fun Utility Vehicle, and comprises three core aspects of the vehicle architecture: Arcimoto Platform: the culmination of Arcimoto s vehicle platform development efforts to date. Arcimoto has been granted three utility patents describing how to package two comfortable passengers, electric drive train components and body features in a lightweight, ultra compact, and stable three-wheeled vehicle. Arcimoto Battery System: a set of designs for packaging lithium-ion batteries. Arcimoto has been granted two utility patents for novel, high-conductivity interconnect designs for mechanically and electrically interconnecting battery cells. FutureDrive: Arcimoto s electric drivetrain technology. FutureDrive combines two electric motors, vehicle power electronics, and a patented dual-motor front wheel direct drive gearbox.

13 ARCIMOTO TEAM Mark Frohnmayer, President and Founder, Chairman - Mark Frohnmayer is currently our President and Founder. He has served in this position since day one. Previously, he was one of the founders of GarageGames.com, a software development company successfully sold to IAC, Inc. in Douglas Campoli, Chief Financial Officer - Douglas Campoli is currently our Chief Financial Officer. He has served in this position from June 2015 to the present date. Prior to joining Arcimoto, he was the Founder of Strategic Financial Consulting from February 2013 to June 2015, providing financial consulting services for startup and existing businesses. From September 2012 to September 2013, he was CFO of ManaFuel. Jesse Fittipaldi, Vice President - Jesse brings 20 years of engineering project management and team building experience to Arcimoto. Prior to joining the venture in 2015, Jesse designed, managed, and commissioned large-scale public and private sector building engineering projects throughout Oregon. David Boyd, Vehicle Development Lead - David brings 27 years of vehicle product development experience to the venture, including the design of the world s first Neighborhood Electric Vehicle (GEM), vehicle power electronics development as the co-founder of Synkromotive, and most recently developing an electric microbus for developing nations.

14 SELECT PRESS COVERAGE

15 M&A AND INVESTMENT ACTIVITY Company Acquirer/Investor Valuation/Deal Byton Chinese EV startup company Chinese investors, including Tencent Holdings $500M Series B June 2018 Zotye Auto Chinese EV startup company Ford $765 Million November 2017 Nikola Motors Utah-based startup developing EVs and hydrogen fuel cell trucks Wabco Holdings (WBC) and other investors $100 Million August 2018

16 STOCK DATA FUV (Nasdaq) Fiscal Year Dec. 31 Price (8/8/18) $3.95 Average Volume (30 Day) 22, 677 Shares Outstanding (common) 15.9M Market Cap (as reported) $62.8M

17 2034 West 2nd Avenue Eugene, OR Investor Relations Contact: arcimoto.com