Envirotech Vehicles, Inc. · NASDAQ:EVTV
Envirotech Vehicles — ADOMANI — Investor Presentation (September 2017)
19 slides from Envirotech Vehicles's investor presentation, Sep 27, 2017
Slide 1: ADOMANI
at Sie (COMPANY ADOMANIL (2 sa ae
Slide 2: Disclaimer
DISCLAIMER 2 This presentation has been prepared by ADOMANI, Inc. (the “Company”) for discussion purposes only and should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those se
Slide 3: Company Highlights
D e f e n si b l e Market Position Robust P r o du ct Design Strong Customer R elatio n s h i p s Scalable O p e r atio ns Direct Input to/from Regulators California T r e nd s e t ti ng S u b s t a n ti a l Market Need Carbon Credit R e v e nue Stream 3 COMPANY HIGHLIGHTS - Global electric vehicle
Slide 4: Company Overview
COMPANY OVERVIEW A solution provider for the transition of internal combustion engine vehicles (ICE) to zero emission vehicles (ZEV) ADOMANI designs and integrates OEM - based electric - motor assembly kits for conversion installations into existing combustion powered fleets or new vehicles, and wor
Slide 5: Management Team
MANAGEMENT TEAM Ti t l e Experience Description Jim Reynolds CEO, President and Board Chairman 40+ years • Former CEO, President of A - Z Bus Sales, Inc., growing A - Z’s sales from $46M to $120M • Former Regional Manager of Tyco Corporation • BA Pepperdine University Mike Menerey CFO and Board Memb
Slide 6: Independent Board Members
INDEPENDENT BOARD MEMBERS Title Experience Description Janet Boydell Board Member 10+ years Gary W. Nettles Board Member 25+ years • Currently Vice President for The Code Group, Inc., a staffing agency • Former CEO, A Hire Connection, Inc., professional services firm providing strategic management c
Slide 7: Target Customers
Best fleet vehicle candidates for ZEV conversion are those with: High initial acquisition cost Daily routes < 100 miles Vehicles of similar engine family and transmission type, allowing for economies of scale in the manufacturing of the conversion systems Re - Power Fleet Focus Models Re - Pow
Slide 8: Partners
Marketing Partners Policy Partners Manufacturing/Distribution Partners Strategic Manufacturing Relationships – ADOMANI has relationships with our manufacturing & distribution partners, who perform all manufacturing and service for ADOMANI, providing scalability, growth opportunities, and a low cost
Slide 9: Manufacturing & Distribution Partnering Opportunities
Conversions: • ADOMANI projects to fulfill ZEV conversion orders with these other companies. New Vehicles: • ADOMANI estimates it will fill orders for new vehicle ZEV powertrains from multiple organizations. Co - Development: • ADOMANI is in the process of co - development of school buses and transi
Slide 10: Order Fulfillment Process
2 ) ADOMANI sends drivetrain kits and vehicles to qualified kit installer 3) Installer installs ADOMANI kit, returns vehicles to ADOMANI 4) ADOMANI performs final QA and returns newly re - purposed vehicles to customer 1 ) Customer places order to ADOMANI, delivers vehicles to be re - purposed ADOMA
Slide 11: ADOMANI China
ADOMANI CHINA Our wholly - owned subsidiary, Adomani (Nantong) Automotive Technology Co. Ltd, currently has a proposal to develop an 18,000 square foot facility in Nantong, China to fulfill conversion kit orders within China. Shanghai Nantong North City High - Tech Park • Allows for low cost kit ass
Slide 12: China EV market
China accounts for approximately 45% of new electric vehicles (NEVs) sold worldwide 1 • China NEV market: Global and China’s sales volume combined anticipated to exceed 2 million units a year in 2019 and 2020, respectively, making China the world’s leading electric vehicle market 2 • Bus Market: The
Slide 13: US EV market
US accounts for approximately 20% of new electric vehicles (NEVs) sold worldwide 1 • US NEV market: Increase of 37% in sales in 2016 over 2015. More than half of sales occurred in CA driven by state’s zero - emission vehicle (ZEV) mandate 2 • Hybrid and Electric Bus Market: Potential year - over - y
Slide 14: Health and Environmental Benefits
Conversion of older fleets to ZEVs or choosing new electric vehicles significantly reduces the major air pollutants (NO x , SO x , PM 2.5 , PM 10 , VOCs, and CO) that are emitted from traditional internal combustion engines These air pollutants are linked to respiratory and cardiovascular diseas
Slide 15: Financial Performance
(USD in Thousands) 2014 2015 2016 Total revenue $53 $0 $68 Cost of goods sold $1 $0 $50 Research and development expense $59 $549 $37 Technology consulting expense $143 $135 $117 General and administrative expense (A) $2 , 059 $4 , 633 $9 , 398 Other expense / (income) ( $23) $718 $1 , 151 Net loss
Slide 16: Financial Performance: Historical Balance Sheet
(USD in Thousands) 16 Cash and cash equivalents $118 $4 , 537 $938 Working capital (deficit) $101 $4 , 049 ( $3 , 368) Total assets $169 $4 , 700 $3 , 406 Accumulated deficit ( $4 , 354) ( $10 , 389) ( $21 , 074) Total stockholders' deficit ( $198) ( $846) ( $2 , 707) FINANCIAL PERFORMANCE Historica
Slide 17: Company Highlights
D e f e n si b l e Market Position Robust P r o du ct Design Strong Customer R elatio n s h i p s Scalable O p e r atio ns Direct Input to/from Regulators California T r e nd s e t ti ng Substantial Market Need Carbon Credit Revenue Stream 17 COMPANY HIGHLIGHTS
Slide 18: Defensible Market Position and Strengths
Defensible Market Position Scalable Operations Strong Customer Relationships Robust Product Design • Issued / pending patents specific to OEM zero - emission drivetrain conversion 18 • Creates leadership role in emerging industry conversions • Strong Differentiation – Utilize OEM ancillary products
Slide 19: California Trendsetting and Market Need
California T r e nd s e t ti ng Substantial Market Need Direct Input to/from Regulators Carbon Credit Revenue Stream • CA at forefront of new vehicle sales & funding regarding ZEVs 19 • ADOMANI works within system to influence spending and RFP creation • “Carbon Credits” allow firms to buy credits t