Lithia Motors Investor Presentation — October 2022 - Lithia Motors

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Investor PresentationN Y S E : L A D

Forward -Looking Statements

Certain statements in this presentation, and at times made by our officers and representatives, constitute forward -looking

statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Genera lly,

you can identify forward -looking statements by terms such as "project", "outlook", "target", "may", "will", "would", "should", " seek",

"expect", "plan", "intend", "forecast", "anticipate", "believe", "estimate", "predict", "potential", "likely", "goal", "strat egy", "future",

"maintain", and "continue" or the negative of these terms or other comparable terms. Examples of forward -looking statements in t his

presentation include, among others, statements regarding:

▪Future market conditions, including anticipated car and other sales levels and the supply of inventory;

▪Our business strategy and plans, including our 2025 Plan or (“50/50” Plan) and any business expansion;

▪The growth, expansion, make -up and success of our network, including our finding accretive acquisitions and acquiring

additional annualized revenues from acquired stores;

▪The growth and performance of our Driveway e -commerce home solution and Driveway Finance, their synergies and other

impacts on our business and our ability to meet Driveway -related targets;

▪The impact of sustainable vehicles and other market and regulatory changes on our business;

▪Our capital allocations and uses and levels of capital expenditures in the future;

▪Expected operating results, such as improved store performance, continued improvement of selling, general and

administrative expenses as a percentage of gross profit and any projections;

▪Our anticipated financial condition and liquidity, including from our cash and the future availability on our credit facility ,

unfinanced real estate and other financing sources;

▪Our continuing to purchase shares under our share repurchase program;

▪Impacts from the continued COVID -19 pandemic on the national and local economies in which we operate, our business

operations and consumer demand;

▪Our compliance with financial and restrictive covenants in our credit facility and other debt agreements;

▪Our programs and initiatives for employee recruitment, training, and retention; and

▪Our strategies for customer retention, growth, market position, financial results and risk management.

Because forward -looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in