Cbak Energy Technology, Inc. · NASDAQ:CBAT
Cbak Energy Technology — China BAK Battery — Investor Presentation (September 2008)
15 slides from Cbak Energy Technology's investor presentation, Sep 3, 2008
Slide 1: Corporate Presentation August 2008
-orporate Presentation August 2008 Caen esl & BAK
Slide 2: Safe Harbor Statement
\ Safe Harbor Statement IONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation includes or incorporates by reference statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities E
Slide 3: Investment Considerations
=1 Investment Considerations v Established leader in China Li-ion mobile battery and a strong newcomer in notebook battery hitting a demand/supply sweet spot ¥ Migration to high-margin, high-demand products nearly completed v Major progress in International Tier 1 OEM certification v Improvement in
Slide 4: Experienced Team Focused on Growth
re D ; — © | anggian Li, Chairman and CEO — Visionary leader in China Li-ion battery industry — Led CBAK since founding; full-time, operating CEO v Tony Shen, CFO, joined CBAK in May 2007 — Former CFO at eLong Inc (Nasdaq: LONG), led eLong to its first quarter of operating profit — Directed comprehe
Slide 5: Growth Strategy
Growth Strategy v Enhance leading-edge technology through continual innovation — More automation to improve quality and increase efficiencies v Continue cost leadership through yield improvements and refined manufacturing process — Greater utilization of capacity vy Expand customer base & develop ne
Slide 6: Cylindrical Cells
Cylindrical Cells = Notebook Computers Polymer Cells. = PDAs Digital cameras Bluetooth headsets = MP3/ Portable entertainment Aluminum-Case & Steel-Case Cells ‘Cell phor Power Cells Hybrid-electric vehicles Light-olectric vehicles Uninterruptible Power Supply
Slide 7: Revenue by product type: Q3 FY07A, Q3 FY08A, FY08P
Q3 FYO7A Q3 FY08A FYogP Prismatic ‘Aluminum-case Cells Prismatic anes Aluminum-Case Cells 51% ontnateat Cele ¥ BAK
Slide 8: Notebook Computer Cells
Notebook Computer Cells vy Worldwide supply shortage: at least -— 150M cells each year in 2009 — 2011; China BAK is the only Chinese manufacturer : v High gross margin: now at 15%; 18% to 20% expected in 2009 = vy Major source of growth: now 20% of revenue; 39% expected in 2009 y Customer traction:
Slide 9: Notebook Cell Revenue and % of Total Revenue
Oo (Bint [os 2% eft reverse) a8 35% 2 30% $20 ‘EE Notebook Cell Revenue 0 ®=%of Total Revenue
Slide 10: Cell Phone and Polymer Cells
- Cell Phone and Polymer Cells ’ O | ¥ Currently represents 80% of revenue — Aluminum-case cells: 50% of revenue — Battery Packs and Steel-case cells: 26% of revenue — Polymer cells: 4% of revenue v OEM market in China and the U.S. — SanDisk, Foxconn, Lenovo, UTStarcom and Hisense — Qualification un
Slide 11: Financial Overview
Financial Overview & BAK
Slide 12: Highlights: Q308 (June)
Highlights: Q308 (June) yv Strong performance — Record revenue of $68M » Represents an increase of 33% sequentially and 132% YoY — Breaking even in operations vs. $3.7M operating loss in Q208 — EBITDA of $3.3M — DSO, Inventory turns at best level in two years y¥ Notebook cells a bright spot — Revenu
Slide 13: Outlook Update
Outlook Update FY08 guidance raised to $240M from $210M FY09 guidance range: $370M to $410M FY-058 FY"06A FY‘OTA FY 00P FY‘09P smo'07A mo ‘00a ae E BAK 218.
Slide 14: Summary Financial Data
= ¥ Summary Financial Data 2008 ‘2007 Revenue 8 143,829 $ 145.861 S 172,609 Cost of Revenue (106,196) (120,285) (153,184) Gross Profit 39,633 25,608 19,425 Total Operating Expenses (11.248) (42.113) (13,599) EBITDA 28,387 13,493 5826 Dep & Amort (5816) (8.912) (9,362) Operating Income 22,574 4,581 (
Slide 15: Thank You
Thank You & BAK
China BAK Battery — Investor Presentation (September 2008) on 6ix