EHang Holdings Ltd. · NASDAQ:EH
EHang — Q1 2020 Earnings Presentation
18 slides from EHang's earnings presentation, May 29, 2020
Slide 1: EHang Holdings Limited Q1 2020 Earnings Highlights
EHang Holdings Limited Q1 2020 Earnings Highlights May 29th, 2020 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: Q1 2020 Business Highlights
Q1 2020 BUSINESS HIGHLIGHTS 3
Slide 4: Sales of EHang 216: 200% YoY Growth
Sales of EHang 216: 200% YoY Growth (Unit) Sales of the EHang 216, the world’s first commercially-delivered passenger-grade AAV, reached 9 units, an increase of 200% from 3 units in the first quarter of 2019. 10 9 9 8 7 200% 6 5 4 3 3 2 1 0 Q1 2019 Q1 2020 Sales of EHang 216 YoY Growth 4
Slide 5: Debut Flight in U.S. & First Flight Permit from FAA
Debut Flight in U.S. & First Flight Permit from FAA • In January 2020, EHang achieved a new landmark, conducting the first- ever flight in the United States of a passenger-grade AAV. • The EHang 216 flight was performed in the state of North Carolina, which is known in aviation history for the Wrigh
Slide 6: White Paper to Bolster Industry Leadership
White Paper to Bolster Industry Leadership In January 2020, EHang solidified its industry leadership by issuing a white paper “The Future of Transportation: White Paper on Urban Air Mobility Systems”, which deeply explored the potential of Urban Air Mobility (UAM) to transform transportation globall
Slide 7: First Flight Permit from Norway CAA
First Flight Permit from Norway CAA In February 2020, EHang 216 obtained the first operational permit in Europe for flight testing of an AAV from the Civil Aviation Authority of Norway, laying a solid foundation for future UAM operations in other European countries. * Bente Heggedal, Head of Section
Slide 8: Expanded Cooperation with UAM Pilot Cities in Europe
Expanded Cooperation with UAM Pilot Cities in Europe In March 2020, EHang established partnerships for UAM with the city governments of Seville and Llíria in Spain. Both cities are members of the “UAM Initiative Cities Community”, one of the European Union's EIP-SCC (European Innovation Partnership
Slide 9: Emerging Air Mobility Use Cases for Medical Emergency Response
Emerging Air Mobility Use Cases for Medical Emergency Response During the outbreak of COVID-19, EHang pursued opportunities in medical emergency response. Both the EHang 216 passenger-grade AAVs and the Falcon B non-passenger-grade AAVs demonstrated a number of valuable applications, such as transpo
Slide 10: Q1 2020 Financial Highlights
Q1 2020 FINANCIAL HIGHLIGHTS 10
Slide 11: Q1 2020 Financial Highlights
Q1 2020 Financial Highlights (RMB '000) Q1 2019 Q1 2020 YoY Total revenues 10,439 18,818 80.3% Gross profit 6,106 11,154 82.7% Gross margin 58.5% 59.3% +0.8pp Adjusted operating expenses 23,414 31,108 32.9% Adjusted operating loss (16,150) (19,185) 18.8% Adjusted net loss (16,284) (18,470) 13.4% Not
Slide 12: Q1 2020 Financial Performance
Q1 2020 Financial Performance Total Revenues Gross Profit RMB’000 RMB’000 20,000 18,818 90% 12,000 85% 11,154 18,000 82.7% 80.3% 80% 10,000 80% 16,000 70% 14,000 60% 8,000 75% 12,000 10,439 50% 6,106 10,000 6,000 70% 40% 8,000 30% 4,000 65% 6,000 20% 4,000 2,000 60% 10% 59.3% 2,000 58.5% 0 0% 0 55%
Slide 13: Q1 2020 Financial Performance
Q1 2020 Financial Performance Adjusted Operating Loss Adjusted Net Loss RMB’000 RMB’000 Q1 2019 Q1 2020 Q1 2019 Q1 2020 (14,500) 0.0% (15,000) 0.0% (15,000) -20.0% -20.0% (15,500) (15,500) -40.0% -40.0% (16,000) (16,000) -60.0% -60.0% (16,500) (16,150) (16,500) (16,284) -80.0% -80.0% (17,000) (17,00
Slide 14: Unaudited Condensed Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (RMB '000) Q1 2019 Q4 2019 Q1 2020 Total revenues 10,439 54,684 18,818 Costs of revenues (4,333) (21,488) (7,664) Gross profit 6,106 33,196 11,154 Operating expenses: Sales and marketing expenses (4,966) (8,157) (5,776) General and ad
Slide 15: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets As of December As of March (RMB '000) 31, 2019 31, 2020 Current assets: Cash and cash equivalents 321,662 245,015 Short-term investments 7,674 11,994 Accounts receivable 45,910 52,204 Cost and estimated earnings in excess of billings 14,212 3,722 Inven
Slide 16: Unaudited Condensed Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows (RMB '000) Q1 2019 Q4 2019 Q1 2020 CASH FLOWS FROM OPERATING ACTIVITIES Net loss (21,338) (156) (20,406) Adjustments to reconcile net loss to net cash (used in)/provided by operating activities: Share-based compensation 5,054 1,632 1,936 Othe
Slide 17: EHang Investment Highlights
EHang Investment Highlights 1 World’s First and Only Publicly Traded Urban Air Mobility Company 2 Massive, Fast-growing Target Market Ready for True Disruption 3 Global Market Leader and First Mover of Commercialization Ahead of Competition 4 World’s Leading Scalable Urban Air Mobility Platform with
Slide 18: Thank You
Thank You www.ehang.com Investor Contact: ir@ehang.com Strictly Privileged & Confidential