EHang Holdings Ltd. · NASDAQ:EH
EHang — Q1 2024 Earnings Presentation
19 slides from EHang's earnings presentation, May 20, 2024
Slide 1: Q1 2024 Operational & Financial Highlights
CHANG |(2Af EH | Nasdaq Listed EHang Holdings Limited Q1 2024 Operational & Financial Highlights May 20, 2024 ~ www.ehang.com
Slide 2: Disclaimer
B 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, com
Slide 3: Business Highlights for Q1 2024 and Recent Updates
HB Business Highlights for Q1 2024 and Recent Updates * Quarterly Revenues Increased by 178.0% YoY - Achieved Positive Operating Cash Flow for the Second Consecutive Quarter + Secured Production Certificate from CAAC, Clearing Path for Mass Production of EH216-S + Growing Orders and Deliveries Boost
Slide 4: Quarterly Revenues Achieved Strong Increase and Adjusted Net Loss Narrowed
§} Quarterly Revenues Achieved Strong Increase and Adjusted Net Loss Narrowed > For the First Quarter of 2024 Revenues YoY increase Gross Margin Ss as 178.0% 0 6 1 . 7 Million RMB nal QoQ increase 6 1 ° 9 % 9.1% Adjusted Net Loss” YoY improvement Delivery SG AX 69.9% 8 1 0.1 Million RMB Nal QoQ impr
Slide 5: EH216-S Secured the World's First TC, PC and Standard AC of Pilotless Passenger-Carrying eVTOL Aircraft
5 EH216-S Secured the World’s First TC, PC and Standard AC of Pilotless Passenger-Carrying eVTOL Aircraft &. Type Certificate Certificate for the type design of EH216-S @ October 2023 Production Certificate Airworthiness Certificate Certificate for the manufacturing process and quality management sy
Slide 6: China Favorable Policies and Regulations Supporting UAM / Low-Altitude Economy
China Favorable Policies and Regulations Supporting UAM / Low-Altitude Economy y ia ia 2023 Central Economic Work Conference 2024 National Government Work Report Implementation Plan for Innovative Application of General Aviation Equipment (2024-2030) Effective from Jan 2024 Dec 2023 Effective from J
Slide 7: Government Cooperation for UAM in Wuxi, China with Conditional Purchase Orders for 100 Units
; Government Cooperation for UAM in Wuxi, China with Conditional Purchase Orders for 100 Units of EH216-S “Action Plan to Promote the High-Quality Development al at > of Low-Altitude Economy in Wuxi (2024-2026)” By 2026, the market size of low-altitude economy in Wuxi will exceed RMB30 billion, 200
Slide 8: Cooperated with GAC Group to Strengthen Capability for Future Production
I = Cooperated with GAC Group to Strengthen Capability for Future Production ont et CHANG HUANGPUSGEP (601238.SH, 02238.HK) (Nasdaq: EH) e e + Airspace management | Extensive expertise in smart | + Expertise in developing and + Infrastructure development manufacturing integrating passenger UAVs * Po
Slide 9: Partnered with GBT for Ultra-Fast/eXtreme Fast Charging Batteries
i Partnered with GBT for Ultra-Fast/eXtreme Fast Charging Batteries SF Bisiztht GREATER BAY TECHNOLOGY To jointly develop power cells, batteries, packs, charging piles and energy storage systems for EHang eVTOL products High energy density High cycle life | 200+Wh/kg | [2,004 cycletimes | High charg
Slide 10: A member of the Smart and Autonomous Vehicle Industries (SAVI) Cluster in Abu Dhabi
• A member of the Smart and Autonomous • Partner with Wings Logistics Hub • ADIO will be providing EHang with Vehicle Industries (SAVI) Cluster in Abu (Wings) and Multi Level Group a comprehensive range of growth- Dhabi (MLG) to advance the development enabling support of urban air transportation an
Slide 11: Spain, Japan and Costa Rica
Spain Japan • In February, EHang entered into a • In March, Japan's first UAM Center was strategic alliance with Telefónica Tech, established in Tsukuba City, Ibaraki a subsidiary of world-leading Prefecture. telecommunications service provider • The EH216-S pilotless eVTOL aircraft has Telefónica.
Slide 12: Mr. Zhao Wang
Mr. Zhao Wang Co-Chief Operating Officer of EHang • Overseeing EHang’s business operations, focusing on business development, product sales, marketing, commercial operations for UAM services • Over 20 years of rich experience and expertise in business operations for “technology plus cultural tourism
Slide 13: Financial Performance
Financial Perform CHANG | [2ffi 13
Slide 14: Q1 2024 financial results summary
• • • Q1 2024 Q1 2023 YoY Q4 2023 QoQ (Unaudited) (Unaudited) (Unaudited) 61,727 22,201 178.0% 56,604 9.1% 38,191 14,194 169.1% 36,618 4.3% 61.9% 63.9% -2.0Pp 64.7% -2.8Pp (54,450) (50,106) 8.7% (64,160) -15.1% (12,552) (34,307) -63.4% (24,874) -49.5% (10,103) (33,574) -69.9% (22,143) -54.4%
Slide 15: Condensed Consolidated Balance Sheets
NB} Condensed Consolidated Balance Sheets " As of December 31, 2023 As of March 31, 2024 (RMB 000) (Audited) (Unaudited) Current assets: Cash and cash equivalents 228,250 250,864 Short-term deposits 14,397 14,643 Short-term investments 57,494 58,323 Restricted short-term deposits 33,942 - Accounts r
Slide 16: Condensed Consolidated Statements of Comprehensive Loss
i Condensed Consolidated Statements of Comprehensive Loss fe to eae as Total revenues 22,201 56,604 61,727 Costs of revenues (8,007) (19,986) (23,536) Gross profit 14,194 36,618 38,191 Operating expenses: Sales and marketing expenses (12,474) (20,712) (20,224) General and administrative expenses (24
Slide 17: EHang Investment Highlights
EHang Investment Highlights IANG | (28 Leading the UAM/Low-Altitude Economy, a Strategic Emerging Industry at a Pivot Point with Massive and Fast-Growing Market Potential and Favorable Policies The World's First Pilotless Passenger-Carrying eVTOL TC and AC Global Market Leader and First Mover of Com
Slide 18: Upcoming Events
§ Upcoming Events Goldman Sachs TechNet Conference Asia Pacific 2024 eI May 21-22, 2024 9 Hong Kong, China Jefferies 2nd Annual eVTOL / AAM Summit a May 30, 2024 @ virtual Morgan Stanley China TMT Conference & Jun 5-7, 2024 Q Beijing, china F CITIC Securities Annual Strategy Conference | - oe Jun 7,
Slide 19: Thank You
THANK YOU CHANG [2A EH | Nasdaq Listed € 3 o a c S £ 2 = = =