Lilium N: Presentation of the 3rd quarter 2021 business update


Legal disclaimer

No representation or warranty

No representation or warranty, express or implied, is given in or with respect to this presentation. To the fullest extent permitted by law, under no circumstances Lilium NV (“Lilium” or the “Company”) or its subsidiaries (collectively, the “Lilium Group”) or any of their shareholders, affiliates, representatives, partners , respective directors, officers, employees, advisers or agents will be held responsible for any direct, indirect or consequential loss or loss of profit resulting from the use of this presentation, its content, its omissions, reliance on the information it contains or the opinions communicated. relating to or otherwise arising in connection with it. Industry and market data used in this presentation has been obtained from third party industry publications and sources, as well as research reports prepared for other purposes that the Lilium Group deems reasonable. The Lilium Group has not independently verified the data obtained from these sources and cannot guarantee the accuracy or completeness of the data, and these data are subject to change. This presentation does not claim to be exhaustive or to contain all the information enabling a complete analysis of the Lilium Group to be made. Unless otherwise provided by applicable law, the Lilium Group disclaims any obligation to update the information contained in this presentation.

Forward-looking statements and risk factors

This presentation contains certain forward-looking statements within the meaning of federal securities laws, including, but not limited to, statements regarding the company and the business model offered by the Lilium Group, the markets and industry in which the Lilium Group operates or intends to operate, the planned timing of the marketing and launch of the activities of the Lilium Group in phases and the expected results of the business and the business model of the Lilium Group, including when ‘they are launched in phases. These forward-looking statements are generally identified by the words “believe”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “the strategy”, “the future”, ” opportunity “,” plan, “” may “,” should “,” will “,” would “,” will “,” continue “,” will probably result “, and similar expressions. These statements are based on management’s belief or interpretation of the information currently available. Forward-looking statements are predictions, projections and other statements regarding future events that are based on management’s current expectations regarding future events and are based on assumptions and subject to risks and uncertainties and subject to change as any time. The Lilium Group operates and will continue to operate in a rapidly changing emerging industry. New risks appear every day. In view of these risks and uncertainties, you should not place undue reliance or reliance on these forward-looking statements. Actual events or results may differ materially from those contained in projections or forward-looking statements.

Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including, but not limited to, the following risks: (i) the impact of COVID-19 on the Group’s business Lilium; (ii) the ability of the Lilium Group to realize the expected benefits of its recent business combination with Qell Acquisition Corp. (“Qell”); (iii) any disruption to Lilium’s current business plans and operations or potential difficulties in retaining Lilium employees as a result of the recent business combination with Qell; (iv) the ability of the Lilium Group to maintain the listing of its securities on the Nasdaq; (v) the market price of Lilium’s securities may be volatile due to various factors, such as changes in the competitive environment in which the Lilium Group will operate, the regulatory framework of the industry in which the Lilium Group will operate, changes in the activities and operations of the Lilium Group, and any future change in its capital structure; (vi) the ability of the Lilium Group to implement its business plans, operating models, forecasts and other expectations and to identify and realize additional business opportunities; (vii) the inability of the Lilium Group and its partners to meet the specifications provided for the Lilium jet and any related infrastructure; (viii) general economic downturns or general systematic changes in the industry in which the Lilium Group will operate, including a negative safety incident involving one of the competitors of the Lilium Group which results in a decrease in demand for the jets or the services of the Lilium Group; (ix) failure of the Lilium Group and its current and future business partners to successfully develop and market the activities of the Lilium Group or significant delays in its ability to do so; (x) the Lilium Group may never achieve or maintain profitability; (xi) the Lilium Group will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or not at all; (xii) the Lilium Group may have difficulty managing its growth, moving from one development phase to another or expanding its activities; (xiii) third party suppliers, component manufacturers or service provider partners are unable to fully and on time fulfill their obligations or provide the high level customer service that Lilium Group customers will expect, and the impacts of disruptions in the Lilium Group’s supply chains due to the COVID-19 pandemic, inflationary or other pressures; (xiv) Lilium Group jets not performing as expected, delays in production of Lilium Group jets or delays in seeking full certification of all aspects of Lilium Group jets, resulting in overall delays in the planned schedule for the marketing and launch of the Lilium Group; (xv) the technology necessary to successfully operate the jets and business operations of the Lilium Group is delayed, unavailable, not available at commercially anticipated prices, insufficiently tested, not certified for passenger use or otherwise unavailable to the Lilium Group on the basis of their current expectations and anticipated needs; (xvi) any significant weakness identified in the internal control of the Lilium Group with regard to financial information which, if not corrected, could adversely affect the reliability of the Lilium Group’s financial information; (xvii) product liability lawsuits, civil or damages claims or regulatory proceedings relating to the jets, technology, intellectual property or services of the Lilium Group; (xviii) the inability of the Lilium Group to secure or protect its intellectual property; (xix) any failure of the Lilium Group to agree on the final commercial conditions or not to finalize and conclude the final documentation relating to any commercial transaction or strategic alliance planned with its partners and potential suppliers, including with Azul; (xx) that the final conditions of any commercial transaction or strategic alliance with partners and potential suppliers of Lilium, including Azul, may differ, including materially, from the conditions currently foreseen; (xxi) negative publicity concerning the Lilium Group, its employees, directors, management, shareholders, affiliated parties or the founders of Lilium; and (xxii) the risk of currency fluctuations linked to occasional changes in exchange rates. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date on which they are made. You are cautioned not to place undue reliance on forward-looking statements, and the Lilium Group assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information. , future events or otherwise. The Lilium Group gives you no assurance that it will meet its expectations. A further list and description of risks, uncertainties and other matters can be found in the section entitled “Risk Factors” in our filings with the US Securities and Exchange Commission, all of which are available at www.sec. gov. All forward-looking statements attributable to the Lilium Group or to any person acting on its behalf are expressly qualified in their entirety by this cautionary statement.


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