Sep 14 2018 workhorse com

Sep 14 2018 Workhorse Com-Free PDF

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Workhorse is changing the way,the world works,Work Ahead. Work Ahead, Cautionary Note Regarding Forward Looking Statements. This presentation includes forward looking statements These statements are made under the safe harbor provisions of. the U S Private Securities Litigation Reform Act of 1995 These statements may be identified by words such as. believes expects anticipates estimates projects intends should seeks future continue or the. negative of such terms or other comparable terminology Forward looking statements are statements that are not. historical facts Such forward looking statements are subject to risks and uncertainties which could cause actual results. to differ materially from the forward looking statements contained herein Factors that could cause actual results to differ. materially include but are not limited to our limited operations and need to expand in the near future to fulfill product. orders risks associated with obtaining orders and executing upon such orders the ability to protect our intellectual. property the potential lack of market acceptance of our products potential competition our inability to retain key. members of our management team our inability to raise additional capital to fund our operations and business plan our. inability to maintain our listing of our securities on the Nasdaq Capital Market our ability to continue as a going concern. our liquidity and other risks and uncertainties and other factors discussed from time to time in our filings with the. Securities and Exchange Commission SEC including our annual report on Form 10 K filed with the SEC Workhorse. expressly disclaims any obligation to publicly update any forward looking statements contained herein whether as a. result of new information future events or otherwise except as required by law. Work Ahead,Workhorse Redefining Last Mile Delivery. Proven track record with nearly 400 vehicles on the road and 5 million miles driven in real life duty cycles and climates. Fully Electric Workhorse s Fully Electric Last Mile Delivery Platform. American OEM HorseFly UAV,Delivery System, Fully electric and ISO certified C Series delivery vehicle jointly. developed with UPS to meet their stringent requirements. Founded 2007, Cloud based database driven proof of performance system.
Telematics,NASDAQ WKHS, C1000 Electric Work Van HorseFly Proprietary unmanned aerial system designed for the package delivery. Delivery Drone market,Headquarters, Loveland OH In partnership with Duke Energy single point management and. Infrastructure, financing of all behind the meter infrastructure to support depot wide. and Leasing, electrification and financing for vehicle and batteries. Assembly Plant, Union City IN The only U S based electric OEM selected to develop the United.
NGDV Program States Postal Service s USPS Next Generation Delivery Vehicle. USPS Next Generation Delivery Vehicle NGDV and complete prototype testing. Work Ahead,Investment Highlights, Market leader first mover and only U S pure play OEM in medium duty electrification for last mile delivery in 18B delivery cargo van market. with significant EV demand, Full turnkey solution offers a premier product and vehicle financing through partnership with Duke Energy proven economics. and value proposition with comparable acquisition costs to ICE diesel vehicles enables positive ROI at 3 years without incentives. Technology validation from blue chip customers and partners. Proprietary platform technologies battery drive train chassis software telematics leveraged across vehicle portfolio supported by 7 granted. and 4 pending patents, Near term growth opportunities from the USPS NGDV program which represents a 6 3 billion 165 000 vehicle opportunity and partnership. with Lordstown Motors Corp for the development of an all new fully electric pickup truck. Scalable manufacturing at our 265 000 ft 2 plant in Union City Indiana with the ability to produce 60 000 vehicles per year enables clear path. to profitability,Work Ahead, Entering the Commercialization Phase of Our Business Lifecycle. Launch and Initial Proof of Refocus on Last Mile Delivery. Product Development Concept and Commercialization,Apr 2019 Dec 2019.
Enters partnership Surefly sold,with Duke Energy for and JV. charging formed with,infrastructure and Nov 2019 MOOG. First Ryder,order battery management Establishes,Jan 2016 solutions Lordstown Motors. delivered to,Listed on licensing and,NASDAQ royalty agreement. AMP May 2016 Mar 2019,200 unit Feb 2018,Electric Receives Completes.
Mar 2013 UPS order Commences,vehicles is 125 unit durability and field. AMP development,established UPS order testing with USPS. acquires of C Series,Workhorse Feb 2017 with 1000,assets First HorseFly unit UPS. drone delivery order,Mar 2015 Sep 2016 with UPS,First 2 Feb 2016 Delivers. vehicles of Supply NGDV,Aug 2012 agreement,20 unit UPS prototype to.
First electric with,order USPS,delivery van Panasonic. delivered to,Work Ahead,Workhorse is Transforming Last Mile Delivery. Next Generation C Series Workhorse Metron Telematics. Cloud based database driven proof of,performance monitoring system. Provides clients access to real time,data to monitor and measure. performance,Gives fleet operators ultimate energy,and route efficiency management.
Next Generation HorseFly UAV Drone, Designed in partnership with UPS the C Series is purpose built to be. the safest and most efficient last mile delivery system available Reduces per package last mile cost by 95. 0 04 per mile vs 1 00 for gas vehicle 1, 100 mile fully electric range with optional Horsefly delivery drone. Fully integrated with Workhorse medium, Multiple size configurations for broad range of applications C 200 C 1200. duty vehicles including on vehicle charging, Initial anchor order of 1 000 units received from UPS in February 2018. FAA Compliant, Have since completed a real world last mile package delivery pilot.
Recently granted HorseFly patent covers, program in conjunction with a major blue chip customer. any drone utilization integrated with delivery,1 Workhorse estimates. Work Ahead,The Redesigned Workhorse C Series Up Close. Working Alongside UPS We Have Made Significant Improvements to the C 1000. Gen 1 E Series C 1000,Total Vehicle,11 000 lbs 7 000 lbs. Maintenance,Costs Reduced 50 60,Floor Height,100 miles 100 miles.
Charging Time 6 hours from empty 6 hours from empty. Battery Pack,80 120 kWh 71 kWh,Work Ahead, Significant Market Opportunity for Workhorse s Electric Vehicles. Last mile delivery represents an 18 billion 1 annual market opportunity. 350 000 50 000 18 bn, of last mile delivery ASP for last mile delivery annual addressable market. vehicles purchased by U S vehicles size for last mile delivery. fleets annually vehicles in the U S, 1 Goodcarbadcar Automotive Sales Data Statistics Estimated market size calculated as total number of last mile delivery vehicles sold annually estimated ASP of 50 000. Work Ahead, Workhorse Models Designed for Use Across a Broad Customer Base. 18 Billion Total Market,Sample Customers,Other Retail Stores.
Vehicle Size 650 1000 450 650,Package Space in ft 3. Workhorse Products,C 650 C 1000 C 450 C 650, 1 Goodcarbadcar Automotive Sales Data Statistics Estimated market size calculated as total number of last mile delivery vehicles sold annually estimated ASP of 50 000. Work Ahead,Why Customers Choose Workhorse, Our Solution is Green and Cost Effective Positive Customer ROI in Three Years. Total Cost of Ownership Analysis,40 MPGe 1 fuel efficiency for C Series vs 6 MPG. GAS E GEN 304,300 2 50 gallon go forward price 0 07 per kWh.
Reduced operating cost from 1 00 mile to,Total Cost of Ownership in thousands. 120k Maintenance 57k Maintenance,0 36 mile 1 6 100 Infrastructure. Reduced maintenance costs moving to electric, Increased driver satisfaction retention and health 150. Helps achieve ESG and sustainability goals, Multiple size configurations to meet the unique needs of. each customer 0, 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20.
1 Workhorse estimates,Work Ahead,U S Commercial EV Competitive Landscape. Incumbent OEMs focus on electric passenger cars and heavy duty commercial vehicles. EV Conversions,Commercial,Electric Vehicle,P PClass 8 PClass 5 P. Conventional Conventional Fueled Less than one year of Variable quality due. Heavy duty long life Fueled Vehicles Vehicles command real world US fleet to lack of Tier 1. Durability TBD, cycle components command higher higher maintenance deployment suppliers batch. maintenance costs costs experience manufacturing, Ground up purpose Lacks innovation Lacks innovation No Requires chassis. All electric ground All Electric ground up, Design built design Class 2 No EV option or EV commercial truck purchase from other.
up Design design China,3 4 5 6 Re Gen Breaking option OEM. Zero Emission All Conventional fueled,Conventional fueled. Environmental Electric Zero Emission All vehicles have a Zero Emission All Zero Emission All. vehicles have a larger, Impact Low Emission Range Electric larger carbon Electric Electric. carbon footprint,Extender footprint,Lower fuel, More than twice the More than twice the Higher initial Higher initial. maintenance, Cost Efficiency TBD TCO over expected TCO over expected investment and more investment and more.
Positive ROI in 3 years,life cycle life cycle expensive TCO expensive TCO. No incentives required,HorseFly UAV delivery, Integrated Drone system Workhorse N A N A N A N A N A. Electric Vans,Work Ahead, Development and Commercial Partnership with UPS to. Expedite Adoption of Workhorse s Vehicles, Apr Workhorse signs agreement with Navistar to electrify UPS delivery. Apr UPS deploys 2 Workhorse E GEN range extended vehicles. purchased directly from Workhorse in 2014, Jul Workhorse begins delivery of 18 Workhorse E 100 all electric.
2015 vehicles purchased by UPS in 2014,Relationship Highlights. May Workhorse receives order from UPS for additional 125 Workhorse 6 orders placed to date totaling 1 345 vehicles. 2016 electric vehicles, Oct UPS announces the deployment of 18 Workhorse E 100 all electric 345 Gen 1 E Series Workhorse step vans deployed by UPS. 2015 delivery vehicles to Texas,5 million miles driven by Workhorse vehicles. UPS orders 200 additional Workhorse electric vehicles. These vehicles are a bridge to the delivery trucks of tomorrow This investment will. help create and grow the market for ground breaking alternative propulsion systems. Feb UPS and Workhorse commence development of the new C1000 in that reduce environmental impact reduce operating costs and save fuel. 2018 conjunction with landmark 1 000 vehicle order Mark Wallace Former UPS Senior VP Global Engineering and Sustainability. Work Ahead,Tier 1 Partners and Suppliers, Workhorse s partnerships with best in class vendors ensure superior products. Large U S Electric Designer and Manufacturer of Li Ion Advanced Engineering and Hardware. Power Holding Company Energy Storage and Battery Solutions for Aerospace Applications. Charging Infrastructure Partner Strategic Supplier Partnership HorseFly Development and. Manufacturing Partner, Automotive Engineering Prototype Service Maintenance Leader in Lightweight Composite.
Designs and Full Scale Concept Vehicles Fleet Management Materials and Manufacturing. C Series Development Partner Exclusive Service Strategic Supply Agreement. Maintenance Agreement,Work Ahead,World Class Manufacturing. Manufacturing capacity to produce 60 000 chassis per year. Loveland Ohio Corporate HQ Battery Pack Assembly Facility. Union City Indiana Vehicle Assembly Facility,Business Functions Expected Overall Growth. Current capacity for 60 000,Assembly operations,chassis per year. Historical capacity of up to 150,Three buildings on 265 000 ft2. chassis per day in single shift, Formerly Navistar International s Workhorse Custom Chassis.
2007 AMP Electric vehicles is established Aug 2012 First electric delivery van delivered to Navistar Mar 2013 AMP acquires Workhorse assets Mar 2015 First 2 vehicles of 20 unit UPS order delivered Jan 2016 Listed on NASDAQ under WKHS Feb 2016 Supply agreement with Panasonic May 2016 Receives 125 unit UPS order Oct

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