EHang Holdings Ltd. · NASDAQ:EH
EHang — FY2022 Earnings Presentation
18 slides from EHang's earnings presentation, Mar 22, 2023
Slide 1: Q4 & FY2022 Operational & Financial Highlights
EHang Holdings Limited Q4 & FY2022 Operational & Financial Highlights March 22, 2023 www.ehang.com 1 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, compl
Slide 3: Operational Highlights for Q4 2022 and Recent Updates
01 EH216-S Type Certification Process Over 90% Completed 02 EH216 Trial Operations Expanded Stably in China Operational Highlights for Q4 2022 and Recent Updates 03 US$10 Million Strategic Investment from Qingdao West Coast New Area 04 Post-TC Order Pipeline of EH216-S Exceeded 100 Units in China &
Slide 4: EH216-S Type Certification Process Over 90% Completed
EH216-S Type Certification Process Over 90% Completed 90%+ Completed Type Certificate Concept Design Requirement Definition Compliance Planning Implementation Authorized Application Rules Guidance Conforming Aircraft TC Application Issue Book Manufacturing TC Application Accepted by the Certificatio
Slide 5: UAM Platform Operator with Integrated Business Model of AAV Sales & Flight Operations
UAM Platform Operator with Integrated Business Model of AAV Sales & Flight Operations 6 units of EH216 series delivered 8,200+ operational trial flights in Q4 2022 21 units of EH216 series delivered 18 operation spots in FY2022 across 16 cities in China The EH216 series include EH216-S, EH216-L and
Slide 6: US$10 Million Strategic Investment from Qingdao West Coast New Area
US$10 Million Strategic Investment from Qingdao West Coast New Area Investment Business • Plan to establish Northeast Asia regional headquarters and • US$10 million investment into the Company national firefighting business center • Potential additional US$10 million investment in • Product demands:
Slide 7: Post-TC Order Pipeline of EH216-S Exceeded 100 Units in China & Growing
Post-TC Order Pipeline of EH216-S Exceeded 100 Units in China & Growing Province City Guangxi Guigang • Target customers: governments, tourism Hunan Jishou enterprises, aviation industry companies, etc. Hunan Changsha • Since 2022, developing business and industry Anhui Huangshan cooperations in man
Slide 8: Growing Customer Demands and Orders in China
Growing Customer Demands and Orders in China Xiyu Tourism XAIC • A leading tourism company in Xinjiang and • An aerospace investment enterprise SZSE listed company (300859.SZ) sponsored by the Xi’an municipal government • Plan to set up a joint venture focusing on low- • Strategic partnership on UAM
Slide 9: Partnership with Swire Group's HAECO for Advanced Air Mobility
Partnership with Swire Group’s HAECO for Advanced Air Mobility • Partnership in manufacturing and assembly, continued airworthiness, digital platforms, aircraft maintenance, and talent training • Plan to co-develop systems and solutions that meet the needs of continued airworthiness and after-sales
Slide 10: First Passenger-Carrying AAV Flight Demonstration in Japan
First Passenger-Carrying AAV Flight Demonstration in Japan • EH216’s first passenger-carrying autonomous flight demonstration in an open airspace overseas in Japan • Japan’s first passenger-carrying flight of an autonomous eVTOL aircraft • EH216 flight footprint at 6 cities in Japan 10
Slide 11: Continued Engagement in UAM Projects in Europe
Continued Engagement in UAM Projects in Europe EH216 Maiden Flight by Spanish EH216 Flight Demonstrations in Spain National Police to Initiate Trial under EU SESAR AMU-LED Project Operations in Spain Participation in EUSPA Project SAMVA for EGNOS Adoption in Advanced Air Mobility 11
Slide 12: Appointment of Nick Ning Yang as Independent Director
Appointment of Nick Ning Yang as Independent Director Nick Ning Yang Independent Director of EHang • Early investor of EHang • Founding Partner of LeBox Capital • More than 20 years of rich capital markets experience in TMT investments • Invaluable entrepreneurial expertise in several listed technol
Slide 13: Financial Performance for Q4 2022 and FY2022
Financial Performance for Q4 2022 and FY2022 13 13
Slide 14: Q4 2022 and FY 2022 Financial Highlights
Q4 2022 and FY 2022 Financial Highlights ü Continued High Quarterly and Annual Gross Margins of Over 65% Q4 2022 Q3 2022 FY2022 FY2021 (RMB '000) (Unaudited) (Unaudited) (Unaudited) (Audited) Total revenues 15,683 8,226 44,317 56,807 Gross profit 10,365 5,425 29,219 36,030 Gross margin 66.1% 65.9% 6
Slide 15: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets As of December 31, 2021 As of December 31, 2022 (RMB '000) (Audited) (Unaudited) Current assets: Cash and cash equivalents 246,863 249,310 Restricted cash 160 - Short-term investments 65,108 - Accounts receivable, net 56,189 20,298 Inventories, net 78,075 72,364
Slide 16: Condensed Consolidated Statements of Comprehensive Loss
Condensed Consolidated Statements of Comprehensive Loss 2022 Q3 2022 Q4 FY 2021 FY 2022 (RMB '000) (Unaudited) (Unaudited) (Audited) (Unaudited) Total revenues 8,226 15,683 56,807 44,317 Costs of revenues (2,801) (5,318) (20,777) (15,098) Gross profit 5,425 10,365 36,030 29,219 Operating expenses: S
Slide 17: Investment Highlights
Investment Highlights 01 The World’s First Publicly Traded Urban Air Mobility Company 02 Massive, Fast-Growing Target Market Ready for True Disruption Global Market Leader and First Mover of Commercialization Ahead of Competition 03 World’s Leading Scalable Urban Air Mobility Platform with Integrate
Slide 18: THANK YOU
THANK YOU www.ehang.com Investor Contact: ir@ehang.com 18 18