Slide 1: Regulation A+ IPO March 2017
REGULATION A+ IPO March 2017 www.ADOMANIelectric.com Exhibit 13.1
Slide 2: Forward-looking statements and offering notice
This presentation incorporates information from an offering circular and contains forward-looking statements. All statements contained herein other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and pl
Slide 3: Offering Summary
Issuer ADOMANI, Inc. Security Common Stock Exchange NASDAQ Capital Market Proposed Ticker Symbol ADOM Shares Outstanding Prior to Completion of Offering 65,410,928 shares of common stock Shares Offered by the Company 2,120,000 to 5,650,000 Price $4.00 - $5.00 per share Use of Proceeds Inventory ADOM
Slide 4: Use of Proceeds
The offering ranges from the minimum offering size of $10.6 million up to the maximum offering size of $25 million; therefore, these numbers are illustrative only and proceeds will be used in different proportions in the event of an offering below the maximum offering amount. See the offering statem
Slide 5: ADOMANI global solution provider for ICE to ZEV transition
ADOMANI designs and integrates OEM-based electric-motor assembly kits for conversion installations into existing combustion powered fleets or new vehicles, and works with outside OEM partners to build/distribute new, purpose-built ZEVs. Patented electric motor assembly drivetrains that use OEM combu
Slide 6: Product Overview
Key Benefits Using OEM parts, our power system is not only easier to maintain, but also costs less to maintain Infrastructure already in place for necessary vehicle assembly and maintenance Highly efficient all-electric system creates lower fuel costs while maintaining performance Kit format allows
Slide 7: Post-IPO Board of Directors & Management Team
Experience POST-IPO BOARD OF DIRECTORS & MANAGEMENT TEAM Title Experience Description Jim Reynolds CEO, President and Board Member 40+ years Former CEO, President of A-Z Bus Sales, Inc., growing A-Z’s sales from $46M to $120M Former Regional Manager of Tyco Corporation BA Pepperdine University Jack
Slide 8: Target Customers
Best fleet vehicle candidates for ZEV conversion are those with: High initial acquisition cost Daily routes < 100 miles Stop & Go driving with high fuel consumption Vehicles of similar engine family and transmission type, allowing for economies of scale in the manufacturing of the conversion systems
Slide 9: Partners
Marketing Partners Policy Partners Manufacturing/Distribution Partners Manufacturing & Distribution Partners – ADOMANI has prospective relations with our manufacturing & distribution partners, who perform all manufacturing and service for ADOMANI, providing scalability, growth opportunities, and a l
Slide 10: Order Fulfillment Process
ADOMANI Conversion Drivetrains ZEV Powertrain Kit + Vehicle Re-purposed ZEV Vehicle ADOMANI “Co-Development” Drivetrains ZEV Powertrain Kit ORDER FULFILLMENT PROCESS 2) ADOMANI sends drivetrain kits and vehicles to A-Z Bus Sales 3) A-Z Bus Sales installs ADOMANI kit, returns vehicles to ADOMANI 4) A
Slide 11: 2017 Milestone Timeline
US Bus Kit Sales US Class 4-6 Kit Sales China Delivery & Testing China Assembly Plant Completion China Fleet Orders China Development: Design phase for 3 customers of Class 4-6 Trucks China assembly infrastructure development US Bus Development: Bluebird School Bus US Bus Distributor Sales: eLion Sc
Slide 12: Current Pipeline Overview
Conversions: ADOMANI projects to fulfill ZEV conversion orders from 8 different organizations within 2017 valued over $38M USD New Vehicles: ADOMANI estimates it will fill orders for new vehicle ZEV powertrains from up to 22 different organizations within 2017 and 1H2018 valued over $85M USD Co-Deve
Slide 13: Pipeline Details: Volkswagen Settlement
Key Industry Catalyst: Volkswagen has agreed to invest $2.7 billion over 10 years in zero emissions vehicle (ZEV) infrastructure, access and awareness initiatives through the Volkswagen Settlement (VWS). ADOMANI’S POTENTIAL YEAR 1 PIPELINE IS ESTIMATED AT $275,850,000 PIPELINE DETAILS *VWS Not Ident
Slide 14: ADOMANI - China
ADOMANI has a subsidized proposal to develop a 75,000 square foot facility in Nantong, China that will have the capacity to build and assemble over 8,000 kits per year. The proposal will be contingent upon ADOMANI receiving substantial orders to justify exercising the proposal. ADOMANI CHINA, Ltd. c
Slide 15: ADOMANI - China NEV Market
China accounts for approximately 60% of new electric vehicles (NEVs) sold.* China NEV market: China’s sales volume is expected to exceed 2 million units a year by 2020 Bus Market: The output escalated 313% year on year to 112,400 in 2015 Special Purpose Vehicle Market: The output soared 10.7 times y
Slide 16: Health and Environmental Benefits
Conversion of older fleets to ZEVs or choosing new electric vehicles significantly reduces the major air pollutants (NOx, SOx, PM2.5, PM10, VOCs, and CO) that are emitted from traditional internal combustion engines These air pollutants are linked to respiratory and cardiovascular diseases as well a
Slide 17: Financial Overview
Mike Menerey CFO FINANCIAL OVERVIEW
Slide 18: Historical and Projected Net Income (Loss) – Consolidated
Historical and Projected Net Income (Loss) – Consolidated (USD in Thousands) 2014A 2015A 2016A 2017E 2018E Total revenue $53 $0 $68 $69,782 $309,654 Cost of goods sold $1 $0 $50 $51,131 $225,453 Research and development expense $59 $549 $37 $187 $740 Technology consulting expense $143 $135 $117 $168
Slide 19: Historical and Projected Revenue, EBITDA & Operating Cash Flows
Historical and Projected Revenue, EBITDA, & Operating Cash Flows – Consolidated USD in Millions 150,071% Revenue Growth 203% Revenue Growth EBITDA Margin of ~19.2% FINANCIAL PERFORMANCE 2016 A
Slide 20: Historical and Projected Balance Sheet – Consolidated
Historical and Projected Balance Sheet – Consolidated (USD in Thousands) 2014A 2015A 2016A 2017E 2018E Cash and cash equivalents $118 $4,537 $938 $14,531 $34,816 Working capital (deficit) $101 $4,049 ($3,368) $20,704 $58,003 Total assets $169 $4,700 $3,406 $31,391 $86,456 Retained earnings / (defici
Slide 21: Investment Highlights
Defensible Market Position Robust Product Design Strong Customer Relationships Scalable Operations Direct Input to/from Regulators California Trendsetting Substantial Market Need Carbon Credit Revenue Stream INVESTMENT HIGHLIGHTS
Slide 22: Defensible Market Position, Scalable Operations, Customer Relationships
Defensible Market Position Scalable Operations Strong Customer Relationships Robust Product Design Issued / pending patents specific to OEM zero-emission drivetrain conversion Creates leadership role in emerging industry conversions Strong Differentiation – Utilize OEM ancillary products for higher
Slide 23: California Trendsetting, Market Need, Carbon Credit Revenue
California Trendsetting Substantial Market Need Direct Input to/from Regulators Carbon Credit Revenue Stream CA at forefront of new vehicle sales & funding regarding ZEVs ADOMANI works within system to influence spending and RFP creation “Carbon Credits” allow firms to buy credits to meet emission r
Slide 24: Issuer, underwriters and advisors
Issuer:Issuer Research & Development Facility:Research Analyst: ADOMANI, Inc. (a Delaware Corporation)ADOMANI, Inc. (a Delaware Corporation)TriplePoint, LLC 620 Newport Center Drive, Suite 11001243 W. Trenton Ave.4 Poplar Ridge Newport Beach, CA. 92660 Orange, CA 92867Falmouth, ME 04105 Jim Reynolds
Slide 25: Offering Summary
Issuer ADOMANI, Inc. Security Common Stock Exchange NASDAQ Capital Market Proposed Ticker Symbol ADOM Shares Outstanding Prior to Completion of Offering 65,410,928 shares of common stock Shares Offered by the Company 2,120,000 to 5,650,000 Price $4.00 - $5.00 per share Use of Proceeds Inventory ADOM
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Slide 27: Backup Slides
BACKUP SLIDES
Slide 28: Historical and Projected Net Income (Loss) – Consolidated
(USD in Thousands) 2014A 2015A 2016A 2017E 2018E Total revenue $53 $0 $68 $69,782 $309,654 Cost of goods sold $1 $0 $50 $51,131 $225,453 Research and development expense $59 $549 $37 $187 $740 Technology consulting expense $143 $135 $117 $168 $213 General and administrative expense(A) $2,059 $4,633
Slide 29: Consolidated Balance Sheet
(USD in Thousands) ASSETS 2014A 2015A 2016A 2017E 2018E Current Assets Cash and cash equivalents $118 $4,537 $938 $14,530 $34,816 Accounts receivable $0 $0 $0 $6,951 $17,786 Inventory $0 $0 $314 $6,102 $26,886 Prepaid expenses and other current assets $8 $10 $1,493 $125 $125 Total Current Assets $12
Slide 30: Historical and Projected Operating Cash Flows – Consolidated
(USD in Thousands) 2014A 2015A 2016A 2017E 2018E Cash Flows from Operating Activities Net income / (loss) ($2,186) ($6,035) ($10,685) $7,179 $40,459 Adjustments to Reconcile Net Income to Operating Cash Flows Depreciation and amortization $7 $7 $13 $507 $1,019 Non-cash interest expense $46 $424 $660
Slide 31: Historical and Projected Net Income (Loss) – United States
(USD in Thousands) 2014A 2015A 2016A 2017E 2018E Total revenue $53 $0 $68 $60,842 $192,654 Cost of goods sold $1 $0 $50 $44,649 $140,628 Research and development expense $59 $549 $37 $142 $448 Technology consulting expense $143 $135 $113 $100 $92 General and administrative expense(A) $2,059 $4,633 $
Slide 32: United States Balance Sheet
(USD in Thousands) ASSETS 2014A 2015A 2016A 2017E 2018E Current Assets Cash and cash equivalents $118 $4,537 $823 $14,380 $18,174 Accounts receivable $0 $0 $0 $5,001 $15,836 Inventory $0 $0 $314 $5,330 $16,788 Prepaid expenses and other current assets $8 $10 $1,493 $125 $125 Total Current Assets $12
Slide 33: Historical and Projected Operating Cash Flows – United States
(USD in Thousands) 2014A 2015A 2016A 2017E 2018E Cash Flows from Operating Activities Net income / (loss) ($2,186) ($6,035) ($10,614) $6,644 $21,312 Adjustments to Reconcile Net Income to Operating Cash Flows Depreciation and amortization $7 $7 $13 $268 $716 Non-cash interest expense $46 $424 $660 $
Slide 34: Historical and Projected Net Income (Loss) – China
(USD in Thousands) 2014A 2015A 2016A 2017E 2018E Total revenue $0 $0 $0 $8,940 $117,000 Cost of goods sold $0 $0 $0 $6,481 $84,825 Research and development expense $0 $0 $0 $45 $293 Technology consulting expense $0 $0 $4 $68 $120 General and administrative expense $0 $0 $66 $1,677 $7,828 Other expen
Slide 35: China Balance Sheet
(USD in Thousands) ASSETS 2014A 2015A 2016A 2017E 2018E Current Assets Cash and cash equivalents $0 $0 $115 $150 $16,643 Accounts receivable $0 $0 $0 $1,950 $1,950 Inventory $0 $0 $0 $772 $10,098 Prepaid expenses and other current assets $0 $0 $0 $0 $0 Total Current Assets $0 $0 $115 $2,872 $28,691
Slide 36: Historical and Projected Operating Cash Flows – China
(USD in Thousands) 2014A 2015A 2016A 2017E 2018E Cash Flows from Operating Activities Net income / (loss) $0 $0 ($71) $535 $19,147 Adjustments to Reconcile Net Income to Operating Cash Flows Depreciation and amortization $0 $0 $0 $238 $303 Non-cash interest expense $0 $0 $0 $0 $0 Change in Operating