EHang Holdings Ltd. · NASDAQ:EH
EHang — Q3 2020 Earnings Presentation
17 slides from EHang's earnings presentation, Dec 3, 2020
Slide 1: EHang Holdings Limited Q3 2020 Earnings Highlights
EHang Holdings Limited Q3 2020 Earnings Highlights December 3, 2020 1
Slide 2: Disclaimer
Disclaimer These materials have been prepared by EHang Holdings Limited (the “Company”) solely for informational purposes, and have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness, comp
Slide 3: Q3 2020 Operational & Business Highlights
Q3 2020 OPERATIONAL & BUSINESS HIGHLIGHTS 3
Slide 4: Increasing Sales of EH216 Passenger-grade AAVs
Increasing Sales of EH216 Passenger-grade AAVs 21 units, (units) 91% 25 43.8% QoQ 23 27.8% YoY 20 18 16 15 14 Q3 2020 10 9 5 3 0 EH216 Q1 Q2 Q3 EH216F 2 units, 2019 2020 9% 4
Slide 5: Launched the EH216F AAV and Intelligent Aerial Firefighting Solution
Launched the EH216F AAV and Intelligent Aerial Firefighting Solution July 2020 Status Quo • China had 6,974 high-rise fires occurred in 2019, an increase of 10.6% YoY; • Potential delays caused by traffic congestions; • Only 120-meter height limit for conventional ladders and fire engines. Advantage
Slide 6: Unveiled the Heavy-lift EH216L AAV for Aerial Logistics
Unveiled the Heavy-lift EH216L AAV for Aerial Logistics September 2020 Advantages of EH216L • The world's largest for multi-rotor AAVs for aerial logistics • Centralized platform command-control with cluster management • Remote unmanned operation • Clean energy driven by electricity Use Cases Urban
Slide 7: Capacity Expansion to Meet High Demand for AAVs in China
Capacity Expansion to Meet High Demand for AAVs in China July 2020 Specialized Plant for Passenger-grade AAVs EHang Yunfu production facility • To serve as an expansion of our existing facilities in Guangzhou • An industry-leading AAV production center, including an R&D facility and a training cente
Slide 8: Obtained the First Permit for Flight Operations of Passenger-grade AAVs in North America
Obtained the First Permit for Flight Operations of Passenger-grade AAVs in North America July 2020 • EH216 obtained a Special Flight Operations Certificate issued by the Transport Canada Civil Aviation. • With this certificate, trial flights of EH216 AAVs have been permitted and are routinely conduc
Slide 9: Joined an International Project to Develop an Air Ambulance
Joined an International Project to Develop an Air Ambulance August 2020 • We were selected to join Ambular, an international project endeavoring to develop a flying ambulance for medical emergency use. • Supported by the International Civil Aviation Organization (“ICAO”), the project also seeks to i
Slide 10: Q3 2020 Financial Highlights
Q3 2020 FINANCIAL HIGHLIGHTS 10
Slide 11: Q3 2020 Financial Performance
Q3 2020 Financial Performance Total Revenues Gross Profit RMB’000 RMB’000 104.3% YoY 120.3% YoY 80,000 50,000 60.0% 59.2% 70,980 70,000 42,022 40,000 58.0% 60,000 50,000 30,000 56.0% 54.9% 40,000 34,745 19,071 20,000 54.0% 30,000 20,000 10,000 52.0% 10,000 0 0 50.0% Q3 2019 Q3 2020 Q3 2019 Q3 2020 T
Slide 12: Q3 2020 Financial Performance
Q3 2020 Financial Performance Adjusted OPEX Adjusted Operating Profit/(Loss) Adjusted Net Income/(Loss) RMB’000 RMB’000 RMB’000 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 0 0.0% 6,000 20.0% 8,000 20.0% 4,528 5,274 10.0% 3,000 10.0% 7.4% (10,000) -20.0% 4,000 6.4% 0.0% 0 0.0% -1.5% (20,000) -40.
Slide 13: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (In thousands of RMB) As of December 31, 2019 As of September 30, 2020 Current assets: Cash and cash equivalents 321,662 157,804 Short-term investments 7,674 84,696 Accounts receivable 41,103 137,253 Cost and estimated earnings 14,212 3,722 Inventories
Slide 14: Unaudited Condensed Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (In thousands of RMB) 2019 Q3 2020 Q2 2020 Q3 2019 1-9 2020 1-9 Total revenues 34,745 35,700 70,980 67,130 125,498 Costs of revenues (15,674) (15,147) (28,958) (29,108) (51,769) Gross profit 19,071 20,553 42,022 38,022 73,729 Operatin
Slide 15: Unaudited Condensed Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows (In thousands of RMB) 2019 Q3 2020 Q2 2020 Q3 2019 1-9 2020 1-9 CASH FLOWS FROM OPERATING ACTIVITIES Net loss (10,200) (19,728) (1,064) (47,838) (41,198) Adjustments to reconcile net loss to net cash used in operating activities: Share-based
Slide 16: Investment Highlights
Investment Highlights 1 World’s First and Only Publicly Traded Urban Air Mobility Company 2 Massive, Fast-growing Target Market Ready for True Disruption 3 Global Market Leader and First Mover of Commercialization Ahead of Competition 4 World’s Leading Scalable Urban Air Mobility Platform with Integ
Slide 17: Thank You
Thank You www.ehang.com Investor Contact: ir@ehang.com 17