Kandi Technologies Group, Inc. · NASDAQ:KNDI
Kandi Technologies — Investor Presentation (March 2016)
32 slides from Kandi Technologies's investor presentation, Mar 23, 2016
Slide 1: Investor Presentation March 2016
Investor Presentation March 2016
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Except for historical information contained herein, the statements made in the presentation of Kandi Technologies Group, Inc. (the “Company’) are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forw
Slide 3: Kandi
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Slide 4: Kandi at a Glance
_Gié KANDI | Kandi at a Glance I © Founded in 2002 © NASDAQ GS: KNDI (listed since March 2008) © Stock Price: $8.56" 5 © Market Cap: $402.5M (47,019,638* outstanding a shares) Es © Three-month Average Daily Volume: 575,228 i Shares* © Headquarters: Jinhua, Zhejiang Province, China =| © Three full-sc
Slide 5: Business Overview
_f@ if, KANDI Business Overview Leading pure EV products provider in China. Committed to alleviating pollution, traffic congestion, parking scarcity and energy crisis Innovative MPT (Micro Public Transportation) Program promotes rapid EV adoption. Launched direct sales program and introduced latest
Slide 6: Evolving into Pure EV Business
_G&i_ KANDI Evolving into Pure EV Business Started Accelerated Formed Started Unveiled K17 Announcedto Expanded Quick design, 50/50 Joint direct sales in August jointly promote MPT Battery production & Venture with to individual 2015 before connected program Exchange distribution Geely Auto customer
Slide 7: EV Models
Overall Size 307171745*1496 | Wheel Base | 2461 mm | Max. Speed 2100 km/h Driving Range 190 km fi KANDI Overall Size Max. Speed Total Weight 3698°1620°1895 400 kmih 1500 kg Wheel Base Driving Range Battery 2340 mm 460 km Overall Size Max. Speed Total Weight 2900°1545"1690 100 knvh 1340 kg Wheel Base
Slide 8: EV Models (continued)
EV Models (continued) | _sie i KANDI Kandi K30 Model #SMA7002BEV05 | Kandi K12 (City Beauty) Sales expected to start in 2Q16
Slide 9: Production Facilities: Rugao and Haikou
_f8i. KANDI ait K r d P geo ‘ : c = x 1 j A x at . ies Jiangsu Rugao* facility, ready for Haikou facility, under construction product sales in 2Q16
Slide 10: Haikou Facility
_fei@ KANDI | Designated as an official tourism island by the Chinese government Momentum towards legislation to ban all non-electric vehicles within the province Kandi secured an agreement with the Haikou government to build its Gatran facility in Haikou Hi-Tech one Annual capacity of 100,000 EVs a
Slide 11: Joint Venture with Geely Auto
_2i&_ KANDI Joint Venture with Geely Auto D aeons GEELY Kandi Electric Vehicles Group Co., Ltd. Established in March 2013 - 50/50 ownership interest Increases production capacity to satisfy market demand Develops, manufactures and sells EVs & related auto parts 24,220 EVs sold in 2015 vs. 10,935 in
Slide 12: Kandi
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Slide 13: Market Overview: Four Major Issues
i KANDI |) Market Overview: Four Major Issues © Growing demand for motor vehicles due to rapid economic development and fast-paced urbanization ) Adoption of pure EVs and MPT Program helps alleviate major issues 1. Environmental Contamination 4. Scarce Parking
Slide 14: Wasted Parking Resources
i, KANDI |) Wasted Parking Resources Wasted parking resources 40 Parking Time Driving Time 90% Wasted Road Resources Wasted road resources "Road oneal ing 50%) Others 20% Road for commuters diving Wasted Vehicle Resources Wasted vehicle resources q (Only 1 person in ase \ car | 02.3 persons in car 7
Slide 15: EV Development Barriers
_fi6 KANDI EV Development Barriers [| Short Driving Range Long Charging Time Lack of Charging Facilities \ & Pollution Battery Maintenance
Slide 16: Overcoming Barriers: MPT Program
i, KANDI Overcoming Barriers: MPT Program Micro Public Transportation (MPT) program with trial services in 16 cities in China Shared pure EV transportation platform for urban residents Supported by a network of charging/parking stations, which provides charging, maintenance and battery recycling fac
Slide 17: Automated Charging/Parking Towers and On-Street Stations
_fi6 KANDI Automated On-Street Parking/Hotel ea ~~ Charging/Parking Towers _— Stations Fully computerized Charging, maintenance, control system battery recycling Customers not required Located at airports, train to enter garage stations, hotels, business Automatic parking centers, selected residenti
Slide 18: Government Subsidies and Incentives
_G&i_ KANDI Sane) EV manufacturers G it u idi Seana compensated in advance Subsidies Dene: ubsidy consumers as. prices paid reflect Local deduction of both Paid to consumers who purchase EVs from dealers subsidies Government Subsidy Received US$59.6 million prepaid national subsidy for pure EV sales
Slide 19: Recent Market Expansion Developments
i181 KANDI Recent Market Expansion Developments December Expanded MPT Program to 16 cities in 2015 Launched MPT Program in Haikou with delivery of 2,000 EVs by the end of 2015 November Planned to jointly promote connected electric vehicles and “Car-Share 4.0” with Geely, Alibaba, ZTE, Uber China and
Slide 20: cet
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Slide 21: Revenue
ii KANDI 270.0 to 300.0 2012 2013 2014 «=. 2015) 2016E 40.2014 492015 2014 2015 = 4Q 2014 4Q 2015 (EV parts sales) (EV parts sales)
Slide 22: Net Income
i181 KANDI Net INCOME ws in mitiions) 123 52 i i 2012 2013 2014 «2015-42014 42015 2014" 2016" 402014" 402015" (Non-GAAP) (Non-GAAP) ‘Non-GAAP net income excludes stock option expense and the valuation change for warrants
Slide 23: JV Business Growth
_ i. KANDI JV Business Growth : i Sales EV Products (USD in millions) (in Units) 400.0 30,000 362.7 360.0 25,000 24,220 300.0 20,000 i 250.0 ; 215.5 i 200.0 15,000 on 10,935 19,000 i 100.9 : 5,000 3,656 50.0 00 a 2014 2015 402014 4.2015 2014 2015 402014 40.2015
Slide 24: EV Sales Breakdown
EV Sales Breakdown | EV sales by segment EV sales by model =MPT sDirect Sales KIT aK10 ekil cl sa a “ | Qi Q2 Q3 a4 2015 —S=Es= 1,670 4,670 3,803 643 4,446 a2 oS 3,000 3,004 6,004 a4 6474 5,626 12,100 2015 14,947 9,273 24,220
Slide 25: Financial Summary
fi KANDI iscal Year Ended Dec 31 USD in millions (excluding per share) 2011 2012 2013 2014 2015 Revenues 40.18 64.51 94.54 170.23 201.07 Gross Profit 921 12.89 21.74 23.40 28.42 Operating Income (Loss) 3.04 531 1.56 5.24 (3.95)" Net Income O11 6.05 -21.14 12.27 14.67 Adj. Net Income 4.00 ANT 5.16 14
Slide 26: Direct Exposure to Rapidly Growing EV Market in China
_f#i8 KANDI Direct Exposure to rapidly growing EV market in China JV Partnership with Geely Auto enhances development of high quality and large scale EV products Innovative MPT Program accelerates wide-spread adoption of Kandi's EV products Expanding Municipal Infrastructure in EV parking/charging f
Slide 27: 2016 Milestones
iL KANDI | 2016 Milestones 2016 Outlook: deliver 35,000 or more EVs 2016 net revenues between $270-$300 million dave VW a) Rugao facility starts production; Hainan facility under construction P==aN Expand MPT Program into Direct Sales ese additional cities; Continue strong performance from Sales and
Slide 28: Kewa Luo, Head of Public Relations
Kewa Luo Head of Public Relations, VP 212-551-3610 ® IR@kandigroup.com twitter Follow us on Twitter: ik
Slide 29: Appendix
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Slide 30: Organizational Structure
i KANDI Organizational Structure Kandi Technologies Group, Inc. (KNDI) Continental Development Limited (BVI) Zhejiang Kandi Vehicles Co,. Ltd. Yongkang Scrou Electric |" Zhejiang Kandi | Eieetne Kandi Electric Vehicles (Haikou)
Slide 31: Management Team
#18 KANDI Management Team Hu Xiaoming - Chairman, Chief Executive Officer & President Chief Executive Officer, President and Chairman of the Board since March 2002; Project Manager (Chief Scientist) in WX Pure Electric Vehicle Development, a state-level high-priority technology developmental plan fr
Slide 32: Police Patrol Vehicles
——= _G&i_ KANDI Launched in January 2015 with Hangzhou Uptown Public Security Bureau Utilized for community safety patrols, fire safety inspections, and other police duties Customized with standard police equipment, firefighting apparatus, emergency kits, and other related equipment Enables police t
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