Lilium N.V. (NASDAQ:LILM) Q3 2022 Earnings Conference Call December 6, 2022 8:00 AM ET
Company Participants
Geoff Richardson - CFO
Klaus Roewe - CEO
Sebastien Borel - SVP, Commercial
Conference Call Participants
Colin Rusch - Oppenheimer
Alex Potter - Piper Sandler
Bill Peterson - JPMorgan
Adam Forsyth - Longspur Capital
David Zazula - Barclays
Savanthi Syth - Raymond James
Geoff Richardson
Good morning, everyone. Welcome to Lilium's Q3 2022 Business Update Call. My name is Geoff Richardson, Chief Financial Officer of Lilium.
Before we start, let me go through a couple of housekeeping items. This is a virtual conference call, and for the moment, all participants are in listen-only mode. Today, we'll give you an update on our progress since our last call in September. There will be time for questions after the presentation. We scheduled the call for 45 minutes, including Q&A time. Please note that this conference call is being recorded. A recording will be placed on Lilium's Investor Relations page soon after the event.
As a reminder, after yesterday's market closing, we posted our shareholder letter on our website. We have also posted the press release on the contract signature with eVolare. We invite you to take a look at it.
Before handing over to our Chief Executive Officer, Klaus Roewe, let me please give a reminder that our presentation will include forward-looking statements within the meaning of the United States Federal Securities laws that are subject to risks, uncertainties and other factors that could cause Lilium's actual results to differ materially from such statements. Please refer to the cautionary statements and our shareholder letter and the risk factors discussed in our filings with the U.S. Securities and Exchange Commission for more information on these risks.
With us on our call today are our Chief Executive Officer, Klaus Roewe; our Senior Vice President, Commercial, Sebastien Borel.
Let me hand it over to you, Klaus, for some initial words.
Klaus Roewe
Thank you, Geoff, and great to join you all on this call.
Ladies and gentlemen, I'm really excited to share with you our latest achievements. Firstly, we signed our first commercial contract with predelivery deposits. The U.K. operator eVolare has secured deliveries of 10 aircraft with the option to purchase another 10. eVolare will serve the greater London area with it. As part of the agreement, eVolare will make a pre-delivery payment to Lilium to secure aircraft delivery slots. The deal coincides with the formal launch of the Lilium Pioneer edition. Sebastien will give you the details about that in a moment.