Guangzhou Automobile Group Co., Ltd. Class A · SSE:601238
Guangzhou Automobile Group Co., Ltd. Class A — FY2021 Earnings Presentation
24 slides from Guangzhou Automobile Group Co., Ltd. Class A's earnings presentation, March 2022
Slide 1: 2021 Annual Results Presentation
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Slide 2: Disclaimer
Disclaimer The presentation has been prepared by Guangzhou Automobile Group Co., Ltd. (“GAC” or the “Company”) without independent verification. The presentation does not express or imply any representations or warranties, and shall not be relied upon for the accuracy, fairness or completeness of th
Slide 3: Content
Content 1 Industry Overview 2 Operation Results Overview 3 Financial Results Overview 4 Prospects for 2022
Slide 4: Part 1. Industry Overview
= Eo met \=Y GAC GROUP | cearten ay rH paiven Part 1. Industry Overview
Slide 5: Auto industry turned into positive growth; China remained first in the world
Auto industry turned into positive growth, and auto production and sales in China maintained the first place in the world Sales and growth rate of China auto market over the years Sales and growth rate of China auto market in 2021 （10,000 units） （10,000 units） Ended 3 years’ negative growth 369.35%
Slide 6: Market share of proprietary brands expanded significantly in 2021
The market share of proprietary brands expanded significantly in 2021 PV sales of Chinese brands increased significantly Sales of various PV segments in 2021 A total of 9.543 million proprietary brands passenger vehicles were sold, a year- on-year increase of 23.15%, accounting for 44.42% of the t
Slide 7: Production and sales of NEV in China hit a record high
Production and sales of NEV in China hit a record high Sales volume and growth rate of China’s NEV market From the perspective of the sales mix of NEV, the sales volume of PV and CV were 3.334 million and 0.186 million units, accounting for 94.7% and 5.3% of the total, 588% （10,000 units） respecti
Slide 8: Part 2. Operation Results Overview
Part 2. Operation Results Overview
Slide 9: Main operating results of GAC in 2021
Main operating results of GAC in 2021 Achieved a good start of the "14th Five-Year Plan" In 2021, GAC’s auto production GAC was listed in the Fortune Released "GLASS "initiative in Continued to strengthen the R&D Promoted the three-year action for the reform and sales reached 2.138 and Global 500 fo
Slide 10: The operation improved steadily with increasing market share
The operation improved steadily with increasing market share GAC’s monthly sales and production Sales volume of various models （10,000 units） （10,000 units） 443.40% 3.00% 11.80% 204.03 214.17 12.50% -11.00% -32.20% -8.10% 23.30% 57.60% 6.70% -1.90% -24.60% 23.37 21.73 22.41 96.81 94.55 44.17 18.71 1
Slide 11: Project investments were steadily progressed
Project investments were steadily progressed 1、 Overcame chip supply shortage and stabilized capacity 2、The production capacity was put into operation as planned, and the utilization capacity utilization rate was further enhanced In 2021, GAC steadily promoted the construction of production capaci
Slide 12: Proprietary brands were stabilized and improved with effective brands adjustment strategy
Proprietary brands were stabilized and improved with effective brands adjustment strategy Based on user demand and experience Monthly sales of GAC’s proprietary brands in 2021 205.7% 234.8% （10,000 units） High PVA Differentiated High tech attractiveness leadership highlights 104.6% 102.8% 110.3% 106
Slide 13: Joint venture brands continued upward with intensive launches of new models
Joint venture brands continued upward with intensive launches of new models GAC Honda The cumulative production and sales of GAC Honda both exceeded 780,000 units. It launched a variety of new and facelift models such as the Accord MCA, Integra, Crider MCA, Odyssey MCA, and Breeze Hybrid e: PHEV.
Slide 14: Independent research and development achieved breakthroughs
Independent research and development achieved breakthroughs New breakthroughs in energy saving and new Integrated development of intelligent Deepening digital transformation energy technologies connectivity The GAC’s digital transformation was extended from the hybrid technology platform "Green
Slide 15: Other business segments: kept pace with the development
Other business segments: kept pace with the development The investment layout were strengthened with the main focuses on chip, intelligent connectivity and new energy. GAC Components and Zhuzhou CRRC Times Semiconductor Co., Ltd. jointly established a joint venture to promote independent technolog
Slide 16: Part 3. Financial Results Overview
Part 3. Financial Results Overview
Slide 17: 2021 Key Financial Indicators
2021 Key Financial Indicators Total revenue 2021 4297.55 Consolidated revenue 2021 756.76 （RMB 100 million） 2020 3954.98 （RMB 100 million） 2020 631.57 Net profit attributable to the Net profit attributed to shareholders of listed owners of the parent 2021 73.35 company deducting non- 2021 59.77 comp
Slide 18: 2021 Financial Indicators (Consolidated)
2021 Financial Indicators (Consolidated) Summary of Comprehensive Income （RMB 100 million, except EPS） 2021 2020 Change(%) Revenue 756.76 631.57 19.82% Cost of operation 691.64 586.59 17.91% Sales and distribution cost 43.40 36.41 19.20% Administrative expenses 39.34 33.56 17.22% R&D expenses 9.89 9
Slide 19: 2021 Financial Indicators (Consolidated)
2021 Financial Indicators (Consolidated) Summary of Balance Sheet (RM B 100 million) 31-12-2021 31-12-2020 Change(%) Total assets 1541.97 1428.07 7.98% Total liabilities 616.02 561.47 9.72% Total equity 925.95 866.60 6.85% Summary of Cash Flow （RM B 100 million） 2021 2020 Change (%) Net cash flows f
Slide 20: Part 4. Prospects for 2022
= Eo met \=Y GAC GROUP | cearten ay rH paiven Part 4. Prospects for 2022
Slide 21: Prospects for 2022: industrial opportunities and challenges
Prospects for 2022：industrial opportunities and challenges The global economy continues to recover but the momentum slows down Global The global economy continues to recover, but the overall pace of economic recovery has slowed down due to multiple 01 factors such as geopolitical risks, protracted
Slide 22: Prospects for 2022: a string of hit auto models will be launched
Prospects for 2022: a string of hit auto models will be launched First half of the year Second half of the year GAC Motor EMKOO GAC AION AION S (Lithium Iron Phosphate battery) AION Y facelift AS9 GAC TOYOTA Venza Frontlander bZ4X GAC HONDA e:NP1
Slide 23: Key actions in 2022
Key actions in 2022 1、Focus on strategy implementation and accomplish tenure goals to build a growing GAC. 2、Focus on customer experience and innovate products and services, to build a high-quality GAC. 3、Focus on development quality, reduce loss and make turnaround vigorously, to build a profitable
Slide 24: Thank you
T H A N K YO U
Guangzhou Automobile Group — FY2021 Earnings Presentation on 6ix