Kandi Technologies Group, Inc. · NASDAQ:KNDI
Kandi Technologies — Investor Presentation (November 2014)
36 slides from Kandi Technologies's investor presentation, Nov 12, 2014
Slide 1: Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. NASDAQ GS: KNDI November 2014 www.KandiTechnologiesGroup.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement SS aaa Information Regarding Forward-Looking Statements: 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 t
Slide 3: Company Overview
Company Overview * Founded in 2002 « Headquarters: Jinhua, Zhejiang Province, China * 3 full scale production facilities in Shanghai, Jinhua, and Changxing ¢ FY 2013 Rev: $94.5M, GAAP Net Loss: $ 21.1M, Non-GAAP Net Income: $5.2M * NASDAQ GS: KNDI (/sted since March 2008) * Stock Price: $17.10 * * 3
Slide 4: Organizational Chart
Organizational Chart Continental D ent Limited Kandi Electric Vehicles Group
Slide 5: 2014 Q3 Financial Highlights
2014 Q3 Financial Highlights Revenues (in $M) 60 Operating Income (in $M) 44.21 3 2.61 40 2 20 17.15 | - — a4 | Q3 2013 Q3 2014 Q3 2013 a3 2014 GAAP Net Income (in $M) Non-GAAP* Net Income (in 20 $M) 13.53 an 5.37 = 5 0.87 -7.16 i i ee 032 on 018 Q3i2018 5 Q3 2013 a3 2014 * Non-GAAP net income exclu
Slide 6: JV Company - 2014 Financial Highlights
JV Company - 2014 Financial Highlights Revenues (in $M) Gross Income (in $M) 45.14 46.85 8 7.03 i 86 6. 4.29 4 2.64 ; ia _ 0 Q1 2014 Q22014 Q3 2014 : Qi 2014 Q2 2014 Q3 2014 GAAP Net Income (in $M) EV Units Sold by JV (in Unit) 4.4 6000 4114 | 4000 <— 1950 | = 0.73 2000 1215 | = a = Qi2014 Q22014 =—
Slide 7: Business Sectors
Business Sectors — Cer ees OO aa @©™gyw_ Electric Vehicle B Launched electric vehicle “COCO” - China’s first pure EV produced in August 2008 Forged strategic alliances with major Chinese conglomerates (State Grid Corporation of China, Tianneng Power) to launch quick battery exchange (QBEX) in 2011 B
Slide 8: Market Overview
Market Overview Growing consumer demand for motor vehicles in China is a result of rapid economic development and fast-paced urbanization Major cities such as Beijing and Shanghai have already introduced policies to restrict the purchase and usage of cars, citing the following four issues: 1. Traffi
Slide 9: Three Drivers of Wasted Resources
Three Drivers of Wasted Resources Wasted parking resources Wasted road resources Wasted vehicle resources Wasting Parking Resources © Parking Time Driving Time Wasting Road Resources © Road for normal driving 30% Road for commuters’ driving Wasting Vehicle Resources © Only 1 person 25% incar 23 pers
Slide 10: EV Industry in China
EV Industry in China ted in 2001 in China nt five-year plans, Olympic Games, in 10 cities” demonstration platform sales goals of 500,000 New and 5 million NEVs by 2020 i KANDI
Slide 11: Two Major Misconceptions Regarding EV Development
Two Major Misconceptions Regarding EV Development Se Manufacturing EV Expect the pure EVs to have the same technical specifications as the traditional vehicle Misconceptions Purpose of EV Expect EVs to replace traditional vehicles i KANDI
Slide 12: Five Major Obstacles To Development of EV Market
Five Major Obstacles To Development of EV Market VAM AN " eS. f Short Driving =) =) 1 Range =) d Long Charging Time / ; Lack of Charging ( Facilities Maintenance \ and Pollution i KANDI
Slide 13: Our Solution
Our Solution A network system for EV sharing & leasing as a model for , ae poke public transportation to alleviate traffic congestion Individually driven Pure EVs are utilized in this network system (the Car-Share Program) 'Charging/parking stations providing a variety of services (i.e., charging, m
Slide 14: Pure EV Car-Share Operations
Pure EV Car-Share Operations
Slide 15: Pure EV Car-Share Leasing Program
Pure EV Car-Share Leasing Program lye) bes Short-term Car-Share Long-term Group Leasing ee Customer Database sim KANDI
Slide 16: Car-Share System-Network Layout
Car-Share System-Network Layout Station A Garage Under Business Center Station E Vertical Garage Station B Nai: Fa Hotel, Office Building = Aa Station C On-street Station oC SF e Station D LD sim KANDI
Slide 17: Car-Share Program: Operational Management System
Car-Share Program: Operational Management System cat i et Wir Unified Service Platform and Entry for Car Owners CS a Maintenance & Allocation
Slide 18: Operational System-Multimedia Dispatching Center
Operational System-Multimedia Dispatching Center
Slide 19: Car-Share Infrastructure Network
Car-Share Infrastructure Network Smart Vertical Garage Enabled by “Smart” i | Fully computerized control system H Clients not required to enter the garage Technologies @ Automatic parking @ Smart charging device assembled
Slide 20: Car-Share Infrastructure Network: On-Street Parking/Charging Stations
Car-Share Infrastructure Network On-Street Parking/Charging Stations
Slide 21: Car-Share Infrastructure Network: Hotel Stations
Car-Share Infrastructure Network Hotel parking/Charging Stations Hangzhou Dragon Hotel © AVLLUNAL
Slide 22: Hangzhou Car-Share Station Network
Hangzhou Car-Share Station Network Station Category Number Category EV Units Smart Vertical Charging/Parking 14 Car-Share 2,251 Garage Program On-street Stations 32 Tong term Leasing 3,155 Hotel EV Stations 16 Program Total 62 Total 5,406 A i_ KANDI
Slide 23: Where Has Car-share Program Been Launched?
Where Has Car-share Program Been Launched? Hangzhou (Launched in June 2013)
Slide 24: Media Exposure
Media Exposure Sans
Slide 25: Launched Vehicle Models
Launched Vehicle Models Basic Parameters Kandi Mini Basic Parameters Kandi Panda Model SMA7000BEV Model SMA7001BEV Rated 4 Capacity ‘Announcem | No. 255 Davie Announcem | No. 255 Driving 160 ent Batch Range(km) ent Batch | Range(km) Overall 2900*1545* | Max. >80 Overall 3598* 1630" | Max. >80 Dimens
Slide 26: Model in Development
Model in Development Kandi Cyclone
Slide 27: New Models To Be Launched: Kandi K12
New Models To Be Launched Kandi K12 (City Beauty) i KANDI
Slide 28: New Models To Be Launched: Kandi K13
New Models To Be Launched Kandi K13 (City Cowboy) i KANDI
Slide 29: Strong Government EV Support
Strong Government EV Support a ‘*Paid to EV manufacturers in advance quarterly upon application and approval and settled annually *The EV manufacturer submits subsidy payment applications at the end of each quarter to the requisite central government agencies through the regional offices *Paid to co
Slide 30: Kandi Production Facilities—Jinhua, Changxing & Shanghai
Kandi Production Facilities—Jinhua, Changxing & Shanghai i KANDI *Facility of Kandi Electric Vehicles Group (JV Company)
Slide 31: Historical Financial Highlights
Historical Financial Highlights FS ____ Financial Highlights Fiscal Year Ended Dec 31, 9 months Ended Sep 30, in million $ USD 2009 2010 2011 2012 2013 2013 2014 Revenue $33.83 $42.88 $40.18 $64.51 $94.54 $43.98 $117.34 Gross Profit 8.21 9.62 9.21 12.89 21.74 10.30 17.59 Operating Income 2.28 3.22 3
Slide 32: Key Personnel
Key Personnel rr ore)” Hu Xiaoming CEO & Chairman, Director “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 highest-priority technology developmental plan from October 2003 to Apr
Slide 33: Key Personnel
Key Personnel eee eee —————— Jerry Lewin Director “Director since November 2010 “Serves as Senior Vice President of Field Operations for Hyatt Hotels Corporation and is responsible for managing 36 hotels throughout North America Member of the Hyatt Hotels Corporation's Managing Committee and sits on
Slide 34: Investment Highlights
Investment Highlights ned BF nand ment team si KANDI
Slide 35: Contact
Contact Company Investor Relations Contact Kewa Luo | Head of Public Relations, VP| New York, NY 1 212 551 3610 | /R@kandigroup.com Corporate Counsel Pryor Cashman LLP | New York, NY Independent Auditor Albert Wong & CO. | Hong Kong, China Transfer Agent Corporate Stock Transfer, Inc. | Denver, CO
Slide 36: {Ribs iis Sais)
{Ribs iis Sais) sit KANDI
Kandi Technologies Group — Investor Presentation (November 2014) on 6ix