Romeo Power, Inc. Class A

Hello and welcome to the Romeo Power second quarter 2021 financial results and webcast call. My name is Charlie and I will be coordinating your call today. If you would like to ask a question during the presentation, you may register to do so by pressing star followed by one on your telephone keypad. I will now hand you over to your host, Lauren Webb, Chief Strategy and Commercial Officer to begin. Lauren, please go ahead.

Thank you, Charlie. Good afternoon, everyone, and thank you for joining us today for Romeo Power's Q2 earnings call. Before we begin, I want to remind everyone that this conference call will contain forward-looking statements, including our expectations of future results, sales, cost of inputs, market dynamics, et cetera. Our actual results may differ materially and adversely from those projected in these forward-looking statements. Additional information concerning factors that could cause the results to differ materially and adversely from those forward-looking statements are contained in our press release that went out at approximately 1.10 p.m., as well as the disclosures in our public filings with the SEC. Today's call will also include a discussion of non-GAAP financial measures, as that term is defined in Regulation G. Non-GAAP financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with GAAP. Accordingly, at the end of today's press release, we have provided a reconciliation of these non-GAAP financial measures to the company's financial results prepared in accordance with GAAP. Before getting into the quarter, I want to take some time to introduce you to some of the new faces in leadership at Romeo Power. As we previously announced, Kerry Sheba has joined us as our Chief Financial Officer, and you'll get a chance to hear from him shortly. Kerry is a highly experienced public company CFO with decades of experience driving financial strategy for companies going through major growth and change. In the few weeks he's been at Romeo, he has already made strong contributions to the team. In addition, we are all happy to welcome Susan Brennan, who joins us today as our president and chief executive officer. As the director of the Romeo Power Board, I've been asked by our chairman, Bob Mancini, to convey to you that we could not be more pleased to have named Susan as the new Romeo Power CEO at the conclusion of our nearly three months long robust vetting process. Our experience working with Susan on the board gives us valuable insight to know she possesses highly relevant experience, innate abilities, and the disposition necessary to lead Romeo Power into the future. Susan most recently held the role of Chief Operations Officer at Bloom Energy Corporation. a pioneering energy solutions business focused on decarbonization through innovation and environmental stewardship, where she helped lead it through substantial growth from a relative startup to an approximately $4 billion market cap company. Prior to joining Bloom, Susan was vice president of manufacturing at Nissan Motor Company, where she ran the highest output automotive manufacturing plant in the world at that time. Prior to her tenure at Nissan, Susan spent 13 years at Ford Motor Company, including as the director of the global manufacturing business and as a plant manager. Susan's unique experience makes her the ideal leader as Romeo enters its next phase of growth. Her success in technology and energy startup environments and in leadership roles at some of the largest automotive OEMs in the world offers a rare perspective into how to scale an early-stage disruptor effectively and what a successful public company infrastructure looks like after going through that process. Susan's insights, experience, and drive make her an exciting addition to our leadership bench. I hope you'll all join me in welcoming Susan to Romeo. With that, I'll turn it over to Susan to introduce herself before Carrie and I talk a bit more about the quarter.

Thank you so much, Lauren, and good afternoon to everyone. I'm excited to be here alongside Lauren and Kerry, who, as Lauren mentioned, recently joined Romeo Power team as CFO. It has been my great pleasure to be part of Romeo Power's board since we became a public company last year. I have a personal passion for businesses, initiatives, and people that are committed to improving the world we live in, including by cleaning up the environment for both us and for future generations. I had the opportunity to follow this passion at Bloom Energy, and now I have an even greater opportunity as a leader of Romeo Power to continue down this path. During the COVID pandemic, we all have seen the benefits of reduced miles driven by internal combustion-powered vehicles. It's as simple as enjoying the cleaner air that we breathe. while we also understand the longer term benefit on our climate of reduced greenhouse gas emissions. Romeo Power is well positioned to support and participate in the electrification of commercial truck fleets with our current focus on heavy duty vehicles. I couldn't be more eager to engage and help the company execute on its commitment to continued innovation and expanding access to green energy solutions. In the past six years, Romeo Power has made important strides critical to safe and cost-effective electrification and operation of heavy duty fleets that will certainly be applicable in other industrial applications. As we enter full commercialization, our projects have been thoroughly validated. We have approximately 3,000 battery modules and road test vehicles that have driven an estimated 750,000 miles in total, while also being subjected internally to strenuous simulations of environmental and other in-use conditions. Safety is a must and always has been a key priority in our product design. When combined with the superior energy performance, our products bring unique value to our customers. Our advanced software management system works together with our patented thermal management technology to create this exceptional performance. We also have a differentiated and flexible approach to scaling our products to meet a wide range of different power requirements. Our approach is designed to shorten time to market, which is a clear advantage for customers in this rapidly developing environment. I have been at this long enough to know that taking technological innovation through commercialization and scale-up does not happen without an incredibly talented and hardworking team. It takes a combination of visionaries, scientists, engineers, and strong business practitioners to achieve success for Romeo. I have been impressed with the blend of team members possessing these talents. Now, we are entering a pivotal moment for our company and industry as customers are increasingly demanding safe, effective, affordable, and sustainable EV solutions. With my decades of experience in running large and complex organizations, crystallizing vision into strategy, and continuing to build and align organizations to execute and win, I am honored to take the reign to lead Romeo Power to continued success and to build shareholder value. In a moment, I'll hand it back over to Lauren, who will talk more in depth about the past quarter. As you likely know, following Carrie's appointment, Lauren transitioned to a new leadership role as Chief Strategy and Commercial Officer. Lauren will continue to use her vast institutional knowledge and deep understanding of Romeo Power to develop and drive our business strategy, key contract negotiations, and overall growth initiatives. Lauren has been a key partner to Carrie and me as we integrate into the team at Romeo. She will present today's business overview, and of course, will be here to answer questions. Now, over to Lauren.