Kandi Technologies Group, Inc. · NASDAQ:KNDI
Kandi Technologies — Investor Presentation (September 2020)
26 slides from Kandi Technologies's investor presentation, Sep 3, 2020
Slide 1: Investor Presentation
LDilicROMMRINAVaEe STOR PRESENTATION THE LD 500
Slide 2: Safe Harbor Statement
2 SAFE HARBOR STATEMENT This presentation contains “forward - looking” statements within the meaning of Section 27 A of the Securities Act of 1933 , and Section 21 E of the U . S . Securities Exchange Act of 1934 , as amended, which include all statements other than statements of historical facts, i
Slide 3: Who Is Kandi?
3 WHO IS KANDI? • Pioneer in electric vehicles • Nearly two decades of success • Founded and based in Jinhua China (near Hangzhou) • Products span the value chain of EVs • Sales in China and U.S.
Slide 4: NASDAQ-Listed Since 2007
NASDAQ-LISTED SINCE 2007 KANDI Previous Close 6.66 Market Cap 364.324M 1D 5D 1M 6M 1Y 5Y Max Beta (SY 20.00 Open 6.54 Monthly) 2.68 Bid 6.64x900 _~PE Ratio (TTM) 51.72 13.33 Ask 6.67x2200 EPS (TTM) 0.13 Day's Range 6.50-6.78 Earnings Date Aug 10, 2020 Forward Dividend & Yield 52 Week Range 2.17 - 17
Slide 5: History of Innovation
5 HISTORY OF INNOVATION 2002 2003 2006 2008 2009 2013 2018 2019 2020 NASDAQ IPO Becomes first Chinese EV maker to list in U.S. Opened ATVs production line with 100k/year capacity Developed the first test field and performance lab for ATVs Kandi’s cumulative sales of EV in China exceeds 70,000 Formed
Slide 6: Talented Management Team
6 TALENTED MANAGEMENT TEAM Xiaoming Hu Alan Lim Johnny Tai Chief Executi ve Officer Chief Financial Officer CEO of SC Autosports Mr. Hu Xiaoming was appointed as our Chief Executive Officer, President and Chairman of the Board in June 2007. Prior to joining the Company, from October 2003 to April 20
Slide 7: Investment Highlights
7 INVESTMENT HIGHLIGHTS Large Market Diverse Lines of Business Strong Partners
Slide 8: Large Market
KANDI Large Market
Slide 9: Massive Market Opportunity
9 MASSIVE MARKET OPPORTUNITY • China is largest EV market in the world (over 50%) • 2022 forecast is 2.2 million vehicles • Over 40% annual growth 2017 - 2022 Thousand Units 309 341 162 476 2 , 633 178 633 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2017 2022E US Europe Asia exd China China RoW
Slide 10: Massive Market Opportunity: Entry-Level Vehicles
10 MASSIVE MARKET OPPORTUNITY • China market dominated by entry - level vehicles • Kandi specializes in entry - level 150-200km 200-250km 250-300km 300-400km >400km Source : CPCA, ChinaAutoHome <100 100-150 150-200 200-300 >300 Source : CPCA, ChinaAutoHome Mainstream price is $21,000 to $28,000 (RMB
Slide 11: Diverse Lines of Business
KANDI Diverse Lines of Business
Slide 12: Diverse Business Lines
12 1 2 3 4 EVs Battery Swap system EV Parts Off - road & ATVs - Sales in China and U.S. - Entry - level mass - market vehicles - Kandi invention - Fully automated - Highly efficient: one - click battery swap in 90 seconds - Sell a variety of parts to multiple OEMs - Developing new markets like EVs t
Slide 13: Diverse Business Lines: EV
13 DIVERSE BUSINESS LINES: EV • New models K23 and K27 sold in China and U.S. • Size, functionality, price aimed at large mass market • Maple 30X crossover sold by affiliate company Fengsheng K23 K27 Maple 30X
Slide 14: K27: Affordable Starter EV
14 K27: AFFORDABLE STARTER EV • First 1000 for as low as $9,999 after federal tax credit • Positioned as urban short trip “run - about”
Slide 15: K23: Next Step Up
15 K23: NEXT STEP UP • As low as $19,999 after federal tax credit • Positioned as urban short trip family vehicle
Slide 16: U.S. Launch Opens New Market
16 U.S. LAUNCH OPENS NEW MARKET • Virtual Launch Event August 18 • Ten of thousands of viewers • Over seven hundreds of pre - sale deposits • Deliveries starting in Q4 2020 • Exploring local manufacturing options
Slide 17: U.S. Launch – The Buzz Is Real!
17 U.S. LAUNCH – THE BUZZ IS REAL!
Slide 18: Maple 30X
18 MAPLE 30X • Produced by affiliate Fengsheng • Introduced H1 2020 in China • Follow on Maple 60V recently announced
Slide 19: Battery Swap System
19 BATTERY SWAP SYSTEM • Invented by KANDI in 2009 • Fully automated one - click battery swap in 90 seconds
Slide 20: Off-Road and ATVs
20 OFF - ROAD AND ATVS • Award winning and fun! • Sold in China and U.S.
Slide 21: Strong Partners
KANDI otrong Partners
Slide 22: Fengsheng Automotive
22 FENGSHENG AUTOMOTIVE • Result of joint venture between Geely and Kandi • Kandi currently owns 22% of Fengsheng • Geely is one of the largest private auto companies in China • Sales of Maple 30x started in 2020, Maple 60V recently launched
Slide 23: Ride-Sharing Alliance
23 RIDE - SHARING ALLIANCE • Three - party partnership • Goal to build ride - share platform in 3 rd and 4 th tier cities • Ride share is underpenetrated: 70% “rarely” use ride - share! • Solves problems of safety, unlicensed vehicles, insufficient capacity • Key roles: – Kandi sells battery - swap
Slide 24: Q2 2020 Financial Results
24 Revenue Gross Profit Operating Income (Loss) Cash Q2 2020 FINANCIAL RESULTS 24.1 6.4 19.4 42.2 25.8 0 5 10 15 20 25 30 35 40 45 2019 Q2 2020 Q1 2020 Q2 1H 2019 1H 2020 4.2 1.2 3.5 17.40% 18.30% 18.20% 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 2019 Q2 2020 Q1 2020 Q2 - 12.20% - 53.60% 59.80% -6.0 -4.0 -2.0 0.
Slide 25: Events Subsequent to Q2 2020
25 EVENTS SUBSEQUENT TO Q2 2020 On July 9 , 2020 , the Company received the second payment of RMB 119 million (approximately $ 17 million) under the real estate repurchase agreement with local government of our Jinhua Facility’s relocation . In order to construct a new facility in the Jinhua New Ene
Slide 26: For More Information
For More Information Kandi Technologies Group, Inc. Ms. Kewa Luo Phone: +1 (212) 551 - 3610 Email: IR@kandigroup.com The Blueshirt Group U.S.: Mr. Gary Dvorchak, CFA Email: gary@blueshirtgroup.com China: Ms. Susie Wang Email: susie@blueshirtgroup.com
Kandi Technologies Group — Investor Presentation (September 2020) on 6ix