Kandi Technologies Group, Inc. · NASDAQ:KNDI
Kandi Technologies — Bank of America Merrill Lynch 2015 Auto Summit
28 slides from Kandi Technologies's conference presentation, Apr 1, 2015
Slide 1: Kandi Technologies Group, Inc. - BofA Merrill Lynch 2015 Auto Summit
—2i_ KANDI Kandi Technologies Group, Inc. NASDAQ GS: KNDI Bank of America Merrill Lynch 2015 Auto Summit April 1, 2015 www.KandiTechnologiesGroup.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement SS Except for historical information contained herein, the statements made in the presentation of Kandi Technologies Group, Inc. (the “Company”) are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. F
Slide 3: Kandi At A Glance
Kandi At A Glance * Founded in 2002 + Headquarters: Jinhua, Zhejiang Province, China * NASDAQ GS: KNDI (listed since March 2008) * Stock Price: $12.37* * Market Cap: $572.4M* (46,274,855 outstanding shares) * 3m Avg. Daily Volume: 818,000 shares * = * 3 full scale production facilities in Shanghai,
Slide 4: Investment Highlights
Investment Highlights
Slide 5: Leading Pure EV Products Provider
Leading Pure EV Products Provider f First to launch "Formed 50/50 EV Car-Share ( ) joint venture Program and ~ Accelerated with Geely Auto Group Leasing design, in March 2013 in Hangzhou in Oh inched production and 2013 ‘ distribution of quick battery EVeineniat exchange 2012 . Launched (QBEX) in pu
Slide 6: Innovative EV Sharing Program
Innovative EV Sharing Program —_— ss FS Micro Public Transportation (MPT) EV Car Sharing Program with service in nine cities * The EV-Share program has been in its trial operation in nine cities in China * Shared pure EV transportation platform for urban residents + Supported by a network of chargin
Slide 7: Organizational Chart
Organizational Chart Kandi Technologies Group, Inc. (KNDI) =! Continental Development Limited (BVI) 100% Zhejiang Kandi Vehicles Co., Ltd. =m =m (sox Kandi Electric Vehicles : : ; ¢ Yongkang Sorou Electric —_ Jinhua Kandi New Energy Vehicle Group (the “JV Company’) : a00% (19% Kandi Electric Vehicle
Slide 8: Joint Venture Company
Joint Venture Company Kandi Electric Vehicles Group Co., Ltd. as fe) ee i KANDI
Slide 9: Recent Production Developments
Recent Production Developments + Received approvals for the first Mid-tier Luxury Pure Electric Vehicle + Granted entry into middle and high end pure vehicle products market. + Signed the purchase contract with Zhejiang Tianneng Energy Technology for 1-year supply of high performance TNL-ITR18650- 2
Slide 10: The EV Market Opportunity
—2i_ KANDI The EV Market Opportunity www.KandiTechnologiesGroup.com
Slide 11: The Market Opportunity
The Market Opportunity EV Innovation and Commitment in China Driven by two central government five-year plans, Olympic _____ Government's production and sales _ als of 500,000 New _____ Strong alliance with Geely Auto to develop EV a in i KANDI 0 citie: —
Slide 12: Strong Government EV Support
Strong Government EV Support + EV manufacturers compensated in advance upon approval + Paid to consumers who purchase EVs through a price reduction from the dealers All Kandi models are eligible for three-year, 10% Sales Tax break on electric cars, plug-in hybrids and fuel-cell vehicles starting in
Slide 13: Strong China Municipal Acceptance
Strong China Municipal Acceptance List of cities/regions enrolled in the EV subsidy program Beijing 35,020 5,000 Shenzhen 35,000) Hefei 5,000 Jiangsu 18,085, Xinxiang 5,000 Hebei 13,141 Shenyang 5,000 Tianjin 12,000 Ha'erbin 5,000 Xi‘an 11,000) Zibo 5,000 Wuhan 10,500 Luzhou 5,000 Zhejiang 10,100) X
Slide 14: Kandi's Strategic Vision
—2i_ KANDI Kandi’s Strategic Vision www.KandiTechnologiesGroup.com
Slide 15: Our Vision — EV Car Sharing & Leasing
Our Vision — EV Car Sharing & Leasing Advanced model for public transportation to alleviate traffic congestion Charging/Parking Stations «charging, maintenance, battery recycling located at airports, train stations, hotels, business centers, selected residential areas and other areas prone to traffi
Slide 16: Our Solution — EV Sharing & Leasing
Our Solution — EV Sharing & Leasing Centralized tracking system ™ Fully computerized control system management permits tracking on the ™ Clients not required to enter the garage status and precise location of each rented = Automatic parking vehicle. @ Smart charging device assembled i KANDI
Slide 17: Launched Vehicle Models
Launched Vehicle Models Basic Parameters Kandi Panda Basic Parameters Model SMA7001BEV Rated 4 Capacity Model ‘SMA7000BEV Announcem | No. 255 Announcem ! No. 255 Driving ent Batch | entBatch | Range(km) Overall | 2900" 1545* Overall | 3598* 1630" | Max. Dimension ‘ 1590 Dimension ; 1595 Speed(km/h)
Slide 18: Kandi Vehicle Models
Kandi Vehicle Models Kandi Panda Kandi K13 / . (City Cowboy) ’ Kandi K12 (City Beauty) Model # Cyclone > # 4 | SMA7002BEV05
Slide 19: Kandi Production Facilities
Kandi Production Facilities la Facility expected to be completed by the end of 2015 i KANDI “Facility of Kandi Electric Vehicles Group (JV Company) New Wanning City facility (60,000 m?) |
Slide 20: Financial Highlights
—2i_ KANDI Financial Highlights www.KandiTechnologiesGroup.com
Slide 21: Fiscal Year 2014 Financial Highlights
Fiscal Year 2014 Financial Highlights (in million $USD) $200.00 - $160.00 - $120.00 ~ $80.00 | $0.00 T FY 2012 FY 2013 FY 2014 ™ Revenues i KANDI
Slide 22: Fiscal Year 2014 Financial Highlights - Net Income
Fiscal Year 2014 Financial Highlights (in million $USD) Net Income $20.00 $10.00 $6.05 447 $5.16 | El om i $0.00 — -$10.00 -$20.00 e000 -$21.14 FY 2012 FY 2013 FY 2014 @ Net Income (GAAP) Net Income (Non-GAAP) Non-GAAP net income excludes (i) the effects of stock award expenses, which were $8,455,42
Slide 23: JV Company - 2014 Financial Highlights
JV Company - 2014 Financial Highlights (in million $USD) $60.00 - $52.89 $45.14 $46.85 $40.00 $34.86 $20.00 7.03 a 4.40 et 64555 1.67 $0.00 T Qi 2014 Q2 2014 Q3 2014 Q4 2014 td Revenues Gross Profit 1 Net Income (GAAP) i KANDI
Slide 24: JV Company - 2014 EV Units Sold
JV Company - 2014 EV Units Sold (in units) 5000 4 4114 4000 + 3656 3000 + 1950 2000 + 1215 1000 + Ll ) tT T T T 1 Q1 2014 =Q22014 Q32014 Q42014 i KANDI
Slide 25: Financial Highlights for the Past Years
Financial Highlights for the Past 5 Years Fiscal Year Ended Dec 31, in million $ USD except per share figures 2010 2011 2012 2013 2014 Revenue $42.88 $40.18 $64.51 $94.54 $170.23 Gross Profit 9.62 9.21 12.89 21.74 23.40 Operating Income 3.22 3.04 5.31 1.56 5.24 GAAP Net Income 0.95 9.11 6.05 -21.14
Slide 26: Kandi Value Proposition
Kandi Value Proposition Strategic shift in focus towards EV products enables Kandi investors direct exposure to the rapidly growing EV market in China JV Partnership with Geely Auto enhances development of high quality EV products on a large scale Low-cost Kandi EV products and the combined national
Slide 27: Investor Relations Contact
Investor Relations Contact Kewa Luo \ Head of Public Relations, VP \ Kandi Technologies 212-551-3610 IR@kandigroup.com Matthew Abenante The Piacente Group 212-481-2050 kandi@tpg-ir.com i KANDI
Slide 28: Thank you!
TEBEBES HERI SEAT Thank you ! i KANDI
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