Slide 1: 1H15 Results Presentation
For personal use only 1H15 Results Presentation September 2015
Slide 2: Key financial highlights
Key financial highlights For personal use only Revenue up 57% to $24.9 Strong balance sheet – gross million cash of $11.1m EBITDA up 264% to $2.1 million Statutory NPAT up 379% to $1.0 million Underlying NPAT up 122% to $1.6 million 2
Slide 3: Key operational highlights
Key operational highlights For personal use only Total units sold up 13% to Appointment of distributor 41,503 for UK and Irish markets Progressing establishment of International units sold up internet based retail sales 68% to 7,211 platform PowerEagle discussions to China retail sales network expan
Slide 4: Strong sustainable growth
Strong sustainable growth For personal use only Continuing sustainable growth in 2015 and beyond Revenue Statutory EBITDA 30 2.5 2.1 $m $m 24.9 2.0 1.5 20 15.9 1.0 0.6 9.8 0.5 10 0.0 5.2 -0.1 -0.5 -0.6 - -1.0 1H12 1H13 1H14 1H15 1H12 1H13 1H14 1H15 • Revenue grew by 57% in 1H15 • Statutory EBITDA of
Slide 5: Strong sustainable growth: generating growing profits and cash
Strong sustainable growth For personal use only Generating growing profits and cash Statutory NPAT Operating Cash Flows 1.5 1.0 $m $m 1.0 0.1 0.2 0.0 0.2 0.0 -0.3 -1.0 -0.6 -1.1 -1.0 -1.5 -2.0 1H12 1H13 1H14 1H15 1H12 1H13 1H14 1H15 • Statutory NPAT of A$1.0m, underlying* NPAT of • Operating cash fl
Slide 6: Strong balance sheet
Strong balance sheet For personal use only Key balance sheet items (A$m) 30 Jun 15 30 Jun 14 Cash 11.1 2.8 • Total assets increased by $23.5m from 30 June 2014 to 30 June 2015 Other assets 36.1 20.8 • Inventory up $1.2m to $7.1m from Total assets 47.1 23.6 31 Dec 2014 to 30 June 2015 due to Borrowin
Slide 7: Production and sales growth
Production and sales growth For personal use only Production and sales continues to grow as the company expands • Total sales expected to increase to >93,000 units in 2015 • Current production mostly consists of two-wheel vehicles • Three- and four-wheel operations have commenced • Estimated product
Slide 8: Expanding into high margin markets
Expanding into high margin markets For personal use only Over the past 2 years, Vmoto has delivered products or samples to: • Brazil • Belgium International Unit Sales • Mexico • Vietnam 8,000 • Croatia • Iran 7,000 • Denmark • Taiwan 6,000 • Malaysia • South Africa 5,000 • Japan • Italy 4,000 7,211
Slide 9: Other facets to the Company
Other facets to the Company Complimentary opportunities in the burgeoning electric For personal use only vehicle market • 3/4 wheel JV (Vmoto 20% equity interest) established and operational at factory – design, manufacture and distribution of electric three- and four-wheel vehicles for Chinese dome
Slide 10: Well positioned to ramp up over the next three to five years
Well positioned to ramp up over the next three to five years For personal use only Production facility has capacity to handle increased demand • 30,000sqm state of the art manufacturing facility in Nanjing, China - wholly owned, fully paid for, equipped plant in key industrial zone - currently runni
Slide 11: Growth strategy - China
Growth strategy - China For personal use only B2C market • Expansion in China – targeting 300 outlets by 2017 • Plan to launch online sales platform and offline logistics and service from 2016 • Plans to launch e-motorcycle racing brand in China • Plan to undertake e-motorcycle racing campaign and p
Slide 12: Growth strategy - International
Growth strategy - International For personal use only B2C markets • Asia – Increase unit sales to existing distributors and identify new distributors, strategic partners and importers • Europe – Increasing unit sales to Europe, benefiting from government policies including subsidies for buying elect
Slide 13: Potential significant future projects: Electric scooter sharing
Potential significant future projects For personal use only Case 1: Electric scooter sharing project • Partner with B2B customers for shared electric fleets for inner- city transportation to solve congested traffic, air pollution, overcrowded public transport and parking issues (e-scooter sharing pr
Slide 14: Potential significant future projects: Battery Exchange Station
Potential significant future projects For personal use only Case 2: Battery Exchange Station Project • Partner with B2B customers for battery exchange station project to overcome long battery charging time and limited travel distance range for electric vehicle users • Cooperate with battery exchange
Slide 15: Positive first half setting up for remainder of 2015 and beyond
Positive first half setting up for remainder of 2015 and beyond For personal use only Forecast EBITDA of A$6m – Forecast NPAT of A$5m – A$8m for FY15 A$7m for FY15 Increase footprint with new Increase international sales distributors and online and expand into new markets platform Enter into new Pow
Slide 16: Contact
Contact For personal use only • Charles Chen, Managing Director – +61 (8) 9226 3865 – charles@vmoto.com.cn • Olly Cairns, Executive Director – +61 (8) 9226 3865 – olly@vmoto.com 16
Slide 17: Reconciliation of 1H15 statutory and underlying NPAT
Reconciliation of 1H15 statutory and underlying NPAT For personal use only Reconciliation of statutory and underlying NPAT for 1H15 Statutory NPAT for 1H15 $1,010,532 Add back non-cash expenses: Share based expenses $113,316 Tax expense adjustments related to carry forward tax losses being utilised
Slide 18: Vmoto's product offering
Vmoto’s product offering For personal use only A wide variety of models with a new model coming in 2015 • Two-wheel electric vehicles priced between A$700 and A$3,500 • Vehicles come with either a lead acid battery or a lithium battery, depending on model 18
Slide 19: Vmoto
For personal use only Vmoto 19
Slide 20: Vmoto
For personal use only Vmoto 20
Slide 21: Disclaimer
Disclaimer For personal use only IMPORTANT NOTICE The information contained in this presentation is current as at 4 September 2015 and is provided by Vmoto Limited (ABN 36 098 455 460) (“Vmoto”) as a summary document for information purposes only. Any forward looking statements included in this pres