EHang Holdings Ltd. · NASDAQ:EH
EHang — Q3 2024 Earnings Presentation
21 slides from EHang's earnings presentation, Nov 18, 2024
Slide 1: Q3 2024 Operational & Financial Highlights
EHang Holdings Limited Q3 2024 Operational & Financial Highlights November 18, 2024 www.ehang.com 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, compl
Slide 3: Highlights for Q3 2024 and Recent Updates
Highlights for Q3 2024 and Recent Updates • Record-High Quarterly Revenues, Up 347.8% YoY 1) 1) • Achieved Quarterly Adjusted Operating Income (non-GAAP) and the Second Consecutive Quarter of Adjusted Net Income (non-GAAP) • Maintained Positive Operating Cash Flow for the Fourth Consecutive Quarter
Slide 4: Achieved a New Record-High Quarterly Revenues and Deliveries
Achieved a New Record-High Quarterly Revenues and Deliveries ➢ For the Third Quarter of 2024 (Million RMB) Revenues and Delivery Hit a Record High Adjusted Operating Income 1) Adjusted Net Income 1) YoY increase QoQ increase 347.8% 1,262.0% 15.7 140.0 QoQ increase 128.1 80 20.0 120.0 25.6% 9.0 1.2 1
Slide 5: Post-Certification Domestic Market Demand: Over 1,100 Units Orders and Intent Orders
Post-Certification Domestic Market Demand: Over 1,100 Units Orders and Intent Orders 1) # of Aircraft Major Customers Total # of Aircraft Orders Intent Orders Xishan Tourism 50 (Delivered) 450 500 (Taiyuan) Wencheng County Transportation Development Group 30 (Delivered) 270 300 (Wencheng) A local cu
Slide 6: Moving Forward Air Operator Certification for Commercial Operations
Moving Forward Air Operator Certification for Commercial Operations Air Operator Certificate April 2024 May 2024 July 2024 “Technical requirements for electric Certificate for the manufacturing The CAAC has formally accepted the Air vertical take-off and landing aircraft process and quality manageme
Slide 7: Advancing Low-Altitude Development Blueprint in Hefei
Advancing Low-Altitude Development Blueprint in Hefei with the Launch of Urban Air Mobility Hub at Luogang Central Park Oct. 2023 Strategic partnership with the Hefei Municipal Government Q3 2023 Delivered 15 units of EH216-S to a Hefei customer Dec. 2023 EH216-S conducted a debut commercial flight
Slide 8: Delivered Additional Units of EH216-S to Xishan Tourism
Delivered Additional 40 Units of EH216-S to Xishan Tourism for Deployment in Scenic Areas in Shanxi, North China Apr. 2024 A delegation from Shanxi provincial government, including the Governor of Shanxi visited EHang’s headquarters May. 2024 Signed an MoU with Taiyuan Xishan Tourism to jointly deve
Slide 9: Partners with Sunriver to Expand Chinese Cultural Tourism Market
Partners with Sunriver to Expand Chinese Cultural Tourism Market with Purchase Plan for 50 Units of EH216-S • A China A-share listed tourism company with over 40 tourism attractions under its and its parent company’s management • Distinctive cultural tourism industry model with integrated cultural I
Slide 10: Partnered with KC Smart Mobility
Partnered with KC Smart Mobility with Purchase Plan for 30 Units of EH216-S to Advance Sale and Tourism and Travel Operations in Hong Kong, Macau and Hubei Province in China In July 2024, The Legislative Council of the Hong Kong Special Administrative Region held a special symposium on the developme
Slide 11: Strategic Partnership with Civil Aviation Flight University of China
Strategic Partnership with Civil Aviation Flight University of China for eVTOL Talent Training • Civil Aviation Flight University of China (CAFUC) • A university jointly built by CAAC and the government of Sichuan Province • Known as the "Cradle of Chinese Civil Aviation Pilots" To train skilled per
Slide 12: Breakthrough in Solid-State Battery Technology
Breakthrough in Solid-State Battery Technology: EH216-S Completes First eVTOL Solid-State Battery Flight Test • Partnered with Inx to jointly develop solid-state lithium metal batteries for EHang eVTOL products in July 2023 • Achieved a significant breakthrough in high-energy solid-state battery tec
Slide 13: Strategic Partnership with Enpower
Strategic Partnership with Enpower for Advanced eVTOL Integrated Electric Motor Drive Systems • A Chinese leading new energy vehicle power systems provider • Enpower’s state-of-the-art “integrated core” technology To co-develop high-performance electric motors and motor controllers, and broader comp
Slide 14: Over US$22 Million Strategic PIPE Investment
Over US$22 Million Strategic PIPE Investment to Further Strengthen Liquidity Strategic PIPE Investment Over US$22 Million A strategic institutional Participating Investors a Chinese leading new energy investor from the United vehicle power systems provider Arab Emirates (“UAE”) Lock-Up Period 180 da
Slide 15: Expanded International Presence with Flights in Brazil, Thailand, Japan and the UAE
Expanded International Presence with Flights in Brazil, Thailand, Japan and the UAE Brazil Thailand Japan UAE • In September, the National Civil Aviation • In November, EH216-S completed debut • In October, EH216-S completed a new • In November 2024, the EH216-L, which Agency (“ANAC”) granted the Ex
Slide 16: Financial Performance for Q3 2024
Financial Performance for Q3 2024 16
Slide 17: Q3 2024 Financial Highlights
Q3 2024 Financial Highlights Q3 2024 Q3 2023 Q2 2024 (RMB '000) YoY QoQ (Unaudited) (Unaudited) (Unaudited) Total revenues 128,128 28,615 347.8% 102,019 25.6% Gross profit 78,415 18,479 324.3% 63,652 23.2% Gross margin 61.2% 64.6% -3.4Pp2) 62.4% -1.2Pp2) Operating expenses (150,704) (89,772) 67.9% (
Slide 18: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets As of December 31, 2023 As of September 30, 2024 (RMB '000) （Audited） （Unaudited） Current assets: Cash and cash equivalents 228,250 611,745 Short-term deposits 14,397 115,534 Short-term investments 57,494 309,915 Restricted short-term deposits 33,942 40,419 Acco
Slide 19: Condensed Consolidated Statements of Comprehensive Loss
Condensed Consolidated Statements of Comprehensive Loss 2023 Q3 2024 Q2 2024 Q3 (RMB '000) (Unaudited) (Unaudited) (Unaudited) Total revenues 28,615 102,019 128,128 Costs of revenues (10,136) (38,367) (49,713) Gross profit 18,479 63,652 78,415 Operating expenses: Sales and marketing expenses (13,677
Slide 20: EHang Investment Highlights
EHang Investment Highlights Strategic Emerging Industry: UAM/Low-Altitude Economy, at a Pivot Point with 1 Massive and Fast-Growing Market Potential and Favorable Policies Scarcity: The World’s First and Only Pilotless Passenger-Carrying eVTOL TC, PC 2 and Standard AC, Approved for Commercial Uses G
Slide 21: THANK YOU
THANK YOU www.ehang.com Investor Contact: ir@ehang.com 21