EHang Holdings Ltd. · NASDAQ:EH
EHang — Q2 2024 Earnings Presentation
18 slides from EHang's earnings presentation, Aug 22, 2024
Slide 1: Q2 2024 Operational & Financial Highlights
EHang Holdings Limited Q2 2024 Operational & Financial Highlights August 22, 2024 www.ehang.com 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: Highlights for Q2 2024 and Recent Updates
Highlights for Q2 2024 and Recent Updates • Quarterly Revenues Up 919.6% YoY, Highest Growth Rate in Company History • Achieved Quarterly Adjusted Net Income 1) (non-GAAP) • Maintained Positive Operating Cash Flow for The Third Consecutive Quarter • Strengthened Liquidity Position with US$76.2 Milli
Slide 4: Quarterly Revenues Achieved Strong Increase and Achieved Quarterly Adjusted Net Income
Quarterly Revenues Achieved Strong Increase and Achieved Quarterly Adjusted Net Income 1) Ø For the Second Quarter of 2024 Revenues and Delivery Hit a Record High Maintained High Gross Margin Achieved Adjusted Net Income 1) Rev.(Million RMB) Delivery 1.2 1.5 120 102.0 60 64.0% 49 62.4% -18.5 -10.1 9
Slide 5: First Mover of Certification and Standard Formulation
First Mover of Certification and Standard Formulation Production Certificate eVTOL Vertiport Standard Air Operator Certificate Certificate for the “Technical requirements for The CAAC has formally manufacturing electric vertical take-off and accepted the Air Operator process and quality landing airc
Slide 6: Secured RMB113 Million Order for 50 Units of EH216-S and Purchase Plan for Additional 450 Units
Secured RMB113 Million Order for 50 Units of EH216-S and Purchase Plan for Additional 450 Units in Shanxi, North China, and Delivered 10 Units “Measures to Promote the Development of Low-Altitude Economy and General Aviation in Shanxi” With 21 measures to promote the high-quality development of low-
Slide 7: Secured Order for 30 Units of EH216-S and Purchase Plan for Additional 270 Units
Secured Order for 30 Units of EH216-S and Purchase Plan for Additional 270 Units in Zhejiang, East China, and Delivered 27 Units “Implementation Plan for the High-Quality Development of Low-Altitude Economy in Wencheng” Aiming to transform Wencheng into a pioneering low-altitude economy zone by 2026
Slide 8: Partnered with KC Smart Mobility with Purchase Plan for 30 Units of EH216-S
Partnered with KC Smart Mobility with Purchase Plan for 30 Units of EH216-S to Advance Sale and Tourism and Travel Operations in Hong Kong, Macau and Hubei Province in China In July 2024, The Legislative Council of the Hong Kong Special Administrative Region held a special symposium on the developme
Slide 9: Formed Strategic Partnership with China Southern Airlines General Aviation
Formed Strategic Partnership with China Southern Airlines General Aviation for Collaborative eVTOL Operations • A leading general aviation service provider and strategic emerging business unit of China Southern Airlines Company Limited. • Extensive experience in general aviation safe operation servi
Slide 10: Expansion in Middle East Market: Strategic Collaboration with MLG and ADIO in UAE
Expansion in Middle East Market: Strategic Collaboration with MLG and ADIO in UAE, Debut Flights in UAE and Saudi Arabia UAE Saudi Arabia • In May, EHang successfully • In June, EH216-S completed its completed the first passenger- first autonomous air taxi flight in carrying autonomous eVTOL flight
Slide 11: Partnered with GBT for Ultra-Fast/eXtreme Fast Charging Batteries
Partnered with GBT for Ultra-Fast/eXtreme Fast Charging Batteries 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 2,000+ cycle times High Charge/Discharge Rate High Safety 5-10 minutes
Slide 12: Financial Performance for Q2 2024
Financial Performance for Q2 2024 12
Slide 13: Q2 2024 Financial Highlights
Q2 2024 Financial Highlights Q2 2024 Q2 2023 Q1 2024 (RMB '000) YoY QoQ (Unaudited) (Unaudited) (Unaudited) Total revenues 102,019 10,006 919.6% 61,727 65.3% Gross profit 63,652 6,020 957.3% 38,191 66.7% Gross margin 62.4% 60.2% 2.2Pp2) 61.9% 0.5Pp2) Operating expenses (143,356) (82,001) 74.8% (107,
Slide 14: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets As of December 31, 2023 As of June 30, 2024 (RMB '000) (Unaudited) (Unaudited) Current assets: Cash and cash equivalents 228,250 623,436 Short-term deposits 14,397 129,911 Short-term investments 57,494 203,584 Restricted short-term deposits 33,942 31,283 Notes r
Slide 15: Condensed Consolidated Statements of Comprehensive Loss
Condensed Consolidated Statements of Comprehensive Loss 2023 Q2 2024 Q1 2024 Q2 (RMB '000) (Unaudited) (Unaudited) (Unaudited) Total revenues 10,006 61,727 102,019 Costs of revenues (3,986) (23,536) (38,367) Gross profit 6,020 38,191 63,652 Operating expenses: Sales and marketing expenses (13,526) (
Slide 16: EHang Investment Highlights
EHang Investment Highlights Strategic Emerging Industry: UAM/Low-Altitude Economy, at a Pivot Point with 1 Massive and Fast-Growing Market Potential and Favorable Policies Scarcity: The World’s First and Only Pilotless Passenger-Carrying eVTOL TC, 2 PC and Standard AC, Approved for Commercial Uses G
Slide 17: Upcoming Events
Upcoming Events Huafu Securities 2024 Fall Economic and Investment Summit Aug 28, 2024 Shanghai, China GF Securities 2024 Fall Strategy Conference Aug 29, 2024 Shanghai, China UBS China Conference 2024 Sept 2, 2024 Shenzhen, China Everbright Securities 2024 Mid-Year Listed Company Conference Sept 3,
Slide 18: THANK YOU
THANK YOU www.ehang.com Investor Contact: ir@ehang.com 18