Suncar Technology Group Inc. · NASDAQ:SDA
Suncar Technology — Investor Presentation (October 2023)
25 slides from Suncar Technology's investor presentation, Oct 23, 2023
Slide 1: SunCar – Leading Service Platform for Automotive Owners
By SunCar Management October 2023 SunCar – Leading Service Platform for Automotive Owners Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation includes statements that are, or may be deemed, "forward - looking statements . " In some cases these forward - looking statements can be identified by the use of forward - looking terminology, including the terms "believes," "estimates," "anticipates," expects," "plans,
Slide 3: Company Profile
Company Profile 3
Slide 4: Leading Digitalized Platform in China Providing Enterprise After-sales Services
Leading Digitalized Platform in China Providing Enterprise After - Sales Services SunCar Master Platform provides full spectrum after - sales services via over 46,000 (1) supplier network, connecting over 1,350 (1) client apps through advanced multi - tenant digital systems No.1 in China for B2B aft
Slide 5: Business Potential by Emerging NEV Clients
Business Potential by Emerging NEV Clients 4.60% 20% 60% 2020 2030 2040 Projected Penetration Rate by Automotive Power System in China (1) ICE & Other EV PHEV HEV • Engaging with mainstream NEV and smart panel players • Innovative plug - in after - sales service solutions in owner apps and panels •
Slide 6: SunCar Master – Leading Digital Platform for After-sales Services
SunCar – Leading Digital Platform for After - sales Services SunCar Master After - sales Solution Supplier Network Enterprise Clients API H5 APPLET APP After - sales Suppliers Car Owners 300+ (1) services provided by 46,000 + (1) suppliers in all provinces in mainland China (1) 700 + (1) independent
Slide 7: SunCar – Leading Digital Platform for Auto Insurance
SunCar Insurance Online Insurance Solution Digital Platform API H5 APPLET APP Insurance Companies Service Partners Car Owners Over 85 (1) insurance companies including 32 (1) Insurance HQs Providing a wide selection of products via intelligent, efficient, fully online and user - friendly application
Slide 8: Business at a Glance
SunCar Business at a Glance Ranked No.1 (2) in China for both enterprise automotive after - service market and new energy vehicles online insurance market Leading Position Bring Auto Services to Fingertips Company Overview • Providing after - sales services and online auto insurance all over China r
Slide 9: Passionate, Experienced and Innovative Management Team
Passionate, Experienced and Innovative Management Team • Over 20 years management experience • Software development and product innovation Mr. LEI Zhunfu CTO • Over 20 years experience of business management • Over 15 years automotive service operation Ms. Gu Saiye VP – Auto Insurance Mr. YE Zaizhan
Slide 10: Business Overview
Business Overview 10
Slide 11: Master - Bridging Clients to Comprehensive After-sales Services
SunCar Master - Bridging Clients to Comprehensive After - sales Services Banking Insurance Auto OEM Internet Apps OTA & others Our 1,350+ clients reach their users through diversified online applications Integrated interface connection with client’s systems providing automatic operation & secured da
Slide 12: Master - Sustainable Advantage of Established Supplier Network
SunCar Master - Sustainable Advantage of Established Supplier Network Full Location Coverage 46,000+ service stations Over 30 provinces 2,500+ districts and counties Serving nation - wide customers • No.1 in China (1) in terms of number of service stations as well as geographic coverage – serving cu
Slide 13: Master - Advanced Cloud and Multi-Tenant Platform
SunCar Master - Advanced Cloud and Multi - Tenant Platform SunCar Cloud Applications Platform Integration Infrastructure AI task scheduling | Hybrid cloud | High security | AI customer service SunCar Multi - Tenant Platform Enterprise Clients API docking, front - end plug - in and module integration
Slide 14: Master - Business Performance Supported by Stable Clients
641 1497 1154 1718 1970 2018 2019 2020 2021 2022 65.4 138.9 153.4 184.7 199.3 2018 2019 2020 2021 2022 After - sales Business Revenue (mm USD) Big Client Pool of Stable Customers Healthy Business Growth SunCar Master - Business Performance Supported by Stable Clients > 880 (1) Banks > 280 (1) Insura
Slide 15: Insurance - One-stop Online Insurance to Car Owners
SunCar Insurance - One - stop Online Insurance to Car Owners SunCar Insurance Platform Online Insurance Interface Insurer Car Owners Online Interface Connection SunCar Insurance Data Exchange Location Coverage • Established branch companies in 31 cities (1) • Plan to realize 100% coverage by 2025 Le
Slide 16: Insurance - Full Spectrum Products and Extensive Sales Resources
SunCar Insurance - Full Spectrum Products and Extensive Sales Resources Extensive Cooperation with Insurance Companies 32 Insurance Companies HQ data connection 700+ Insurer branches 85 Valid Insurance Company In connection Connecting Mainstream Insurers and Products • Covering most mainstream car i
Slide 17: Insurance – Innovative and High Efficiency Online Systems
SunCar Insurance – Innovative and High Efficiency Online Systems AI License Plate Scanning Automatic Quotation Online Underwriting Online Payment E - Insurance Policy • Fully online and user friendly • Full - spectrum auto insurance products • Time saving: <5 min (1) to get a policy Online Auto Insu
Slide 18: Opportunities in the World Biggest After-sale Market
Opportunities in the World Biggest After - sale Market Huge Market and High Growth • China has the biggest car ownership in the world, with a CAGR of 11% from 2017 - 2022 • The after - sales market is big and still growing fast Opportunities for Market Integration • Most service providers in after -
Slide 19: Opportunities in China's Massive Auto Insurance Market
116 123 129 130 114 125 2017 2018 2019 2020 2021 2022 Auto Insurance Volume in China (billion USD) Opportunities in China’s Massive Auto Insurance Market Big Market Driven by Growing Car Ownership • China has the biggest volume of new cars and ownership, creating a huge car insurance market Opportun
Slide 20: Our Near-Term Growth Strategy
Our Near - Term Growth Strategy Launch and expand technology based business Expand supplier network in key cities, seek overseas opportunities Keep investing in technology Strategic cooperation with more leading NEV companies Seek M&A opportunities Launch technology business by offering SaaS model s
Slide 21: Financial Overview
Financial Overview 21
Slide 22: Historical Revenue
36.9 76.5 199.8 138 224.9 238.9 246.5 320 2015 2016 2017 2018 2019 2020 2021 2022 Historical Total Revenue (mm USD) Historical Revenue 0.53 4.59 15.48 2020 2021 2022 Saas Servies revenue (mm USD) 65 138 153 184 199 2018 2019 2020 2021 2022 After - sales Business Revenue (mm USD) 282.4 CAGR 34% 22
Slide 23: Historical Revenue
Historical Revenue 507.39 568.73 735.62 2020 2021 2022 insurance premium (mm USD) 54.3 112.2 267.9 2020 2021 2022 Premium from NEV (mm USD) 23
Slide 24: No.1 market share in China for digitalized after-sales services and NEV online insurance
No.1 market share in China for both digitalized enterprise automotive after - sales services as well as new energy vehicles (NEV) online insurance market 24 Established, nationwide service supplier network and massive institutional clients and insurance partners Proven, state - of - the - art, multi
Slide 25: Thank you
By SunCar Management October 2023 Thank you www.suncartech.com
SunCar Technology Group — Investor Presentation (October 2023) on 6ix