EHang Holdings Ltd. · NASDAQ:EH
EHang — Q3 2021 Earnings Presentation
26 slides from EHang's earnings presentation, Dec 2, 2021
Slide 1: Q3 2021 Earnings Highlights
EHang Holdings Limited Q3 2021 Earnings Highlights December 2, 2021 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, comp
Slide 3: Certification Process Updates for Q3 2021
CERTIFICATION PROCESS UPDATES FOR Q3 2021 3
Slide 4: EHang 216 Type Certification Progresses Well
EHang 216 Type Certification Progresses Well l EHang’s certification work continued to make progress in the third quarter of 2021, as more expert meetings were held between the Civil Aviation Administration of China (“CAAC”) and EHang. l EHang’s certification team worked diligently with the CAAC exp
Slide 5: Air Mobility Routes Initiative Updates for Q3 2021
100 AIR MOBILITY ROUTES INITIATIVE UPDATES FOR Q3 2021 5
Slide 6: Specialized Operating Team With Abundant Aviation Operational Experience
Specialized Operating Team With Abundant Aviation Operational Experience l EHang has set up a specialized operating team consisting of about 50 members, which will continue to expand. l Key members have previous operational experience at world-renowned or regionally leading aviation, airline, mobili
Slide 7: Air Mobility Operation System and Mechanism
Air Mobility Operation System and Mechanism l EHang has been developing an air mobility operation system and mechanism covering route planning, flight operations, safety management, regulatory compliance, digital operational platform, sales and marketing, etc. Route Planning Regulatory Compliance Ai
Slide 8: About 2,800 Operational Trial Flights Conducted under 100 Air Mobility Routes Initiative
About 2,800 Operational Trial Flights Conducted under “100 Air Mobility Routes Initiative” ~2,800 operational trial flights Since EHang started to implement the “100 Air Mobility Routes Initiative”, EHang, together with its partners, have established air mobility trial operations for aerial sightsee
Slide 9: A Sample Regular Air Mobility Operation Model Established in Shenzhen, China
A Sample Regular Air Mobility Operation Model Eastablished in Shenzhen, China l Under the 100 Air Mobility Routes Initiative l A sample regular air mobility operation model for aerial sightseeing l Partnership with HELI-EASTERN, a major low-altitude general aviation carrier and helicopter service pr
Slide 10: Digital Operational Platform
Digital Operational Platform l EHang has been developing a digital operational platform covering online booking, scheduling, payment, vehicle monitoring, route management, ATM (air traffic management) synchronizing and integration, etc. to digitize the operational processes. Online Booking Schedulin
Slide 11: Business Highlights for Q3 2021 and Recent Developments
BUSINESS HIGHLIGHTS FOR Q3 2021 AND RECENT DEVELOPMENTS 11
Slide 12: EHang 216F Participated in Urban Fire Rescue Drills
EHang 216F Participated in Urban Fire Rescue Drills upon Completion of Technical Examination l In July, EHang completed a comprehensive 10-month technical examination on the EHang 216F, the firefighting model, and 52 different types of tests by the China National Fire-Fighting Equipment Quality Supe
Slide 13: Partnership with HELI-EASTERN to Initiate UAM Operations in Shenzhen, China
Partnership with HELI-EASTERN to Initiate UAM Operations in Shenzhen, China l As a milestone of the 100 Air Mobility Routes Initiative, in September, EHang established a partnership with Shenzhen East General Aviation (“HELI-EASTERN”), a leading general aviation carrier and helicopter service provid
Slide 14: Partnership with Shenzhen Expressway to Jointly Develop Smart City Transportation Network
Partnership with Shenzhen Expressway to Jointly Develop Smart City Transportation Network l In October, EHang and Shenzhen Expressway, listed on Shanghai and Hong Kong stock exchanges, announced the deployment and a live demonstration of the first AAV command-and-control platform for expressway netw
Slide 15: Partnership with Globalvia to Co-Develop UAM in Iberian Peninsula and Latin America
Partnership with Globalvia to Co-Develop UAM in Iberian Peninsula and Latin America l In July, EHang entered into a partnership with Globalvia, a world leader in the management of transport infrastructure concessions, which operates 27 highways and railways projects servicing over 250 million users
Slide 16: EHang 216 and Falcon AAVs Trial Flights in Estonia
EHang 216 and Falcon AAVs Trial Flights for Airport Transport and Parcel Delivery in Estonia l In September, the EHang 216 and Falcon AAVs performed Beyond Visual Line of Sight (“BVLOS”) trial flights for airport transport and parcel delivery in Estonia under the European Union’s GOF 2.0 Integrated
Slide 17: Cooperation with Spanish National Police in Emergency and Security Missions
Cooperation with Spanish National Police in Emergency and Security Missions l In October, EHang reached a cooperation with the Spanish National Police to explore potential use cases for AAVs in emergency and security missions, such as firefighting, accessing contaminated areas with nuclear, radiolog
Slide 18: EHang 216 Debut Autonomous Flight Demo in Indonesia
EHang 216 Debut Autonomous Flight Demo in Indonesia l In November, the EHang 216 completed a debut autonomous flight demonstration for aerial sightseeing in the world-famous tourism spot – Bali, Indonesia, with a Special Certificate of Airworthiness issued by the Directorate General of Civil Aviatio
Slide 19: Financial Highlights for Q3 2021
FINANCIAL HIGHLIGHTS FOR Q3 2021 19
Slide 20: Q3 2021 Financial Highlights
Q3 2021 Financial Highlights • Continued with Over 60% High Gross Margin (RMB '000) Q3 2021 Q2 2021 QoQ Total revenues 12,965 12,164 6.6% Gross profit 8,010 8,267 -3.1% Gross margin 61.8% 68.0% -6.2Pp 2) Adjusted gross profit 1) 8,010 8,267 -3.1% Adjusted gross margin 1) 61.8% 68.0% -6.2Pp 2) Adjust
Slide 21: Q3 2021 Financial Performance: Total Revenues, Gross Profit
Q3 2021 Financial Performance Total Revenues Gross Profit RMB '000 RMB '000 10,000 14,000 QoQ +6.6% 8,267 )$#$% 12,965 8,010 8,000 12,164 !"#$% 6,000 !&#"% 11,000 !$#$% 4,000 8,000 ($#$% 2,000 5,000 0 '$#$% Q2 2021 Q3 2021 Q2 2021 Q3 2021 Total Revenues Gross Profit Gross Margin % 21
Slide 22: Q3 2021 Financial Performance (Adjusted)
Q3 2021 Financial Performance (Adjusted) Operating Expenses (Adjusted) Operating Loss (Adjusted) Net Loss RMB '000 RMB '000 RMB '000 Q2 2021 Q3 2021 Q2 2021 Q3 2021 Q2 2021 Q3 2021 0 0 0 *'$!#-% *-))#$% *'$-#)% *-!"#)% -400.0% -400.0% -400.0% -20,000 *'+.#$% *')!#+% -20,000 -20,000 *(()#-% *(!(#!% -
Slide 23: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (RMB '000) As of December 31, 2020 As of September 30, 2021 Current assets: Cash and cash equivalents 137,840 284,391 Restricted cash 2,333 - Short-term investments 49,271 72,634 Accounts receivable 163,146 95,056 Cost and estimated earnings in excess
Slide 24: Unaudited Condensed Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (RMB '000) 2020 Q3 2021 Q2 2021 Q3 2020 Q1-Q3 2021 Q1-Q3 Total revenues 70,980 12,164 12,965 125,498 48,106 Costs of revenues (28,958) (3,897) (4,955) (51,769) (17,303) Gross profit 42,022 8,267 8,010 73,729 30,803 Operating expenses:
Slide 25: Investment Highlights
Investment Highlights World’s First Publicly Traded Urban Air Mobility Company Massive, Fast-growing Target Market Ready for True Disruption Global Market Leader and First Mover of Commercialization Ahead of Competition World’s Leading Scalable Urban Air Mobility Platform with Integrated Product Sui
Slide 26: Thank You
Thank You www.ehang.com Investor Contact: ir@ehang.com 26