EHang Holdings Ltd. · NASDAQ:EH
EHang — FY2020 Earnings Presentation
19 slides from EHang's earnings presentation, Apr 16, 2021
Slide 1: Q4 and FY 2020 Earnings Highlights
EHang Holdings Limited Q4 and FY 2020 Earnings Highlights April 16, 2021 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: Operational and Business Highlights for Q4 and FY 2020
OPERATIONAL AND BUSINESS HIGHLIGHTS FOR Q4 AND FY 2020 3
Slide 4: Sales of EH216 Series of Passenger-grade AAVs
Sales of EH216 Series of Passenger-grade AAVs (units) (units) 15% YoY 70 30 70 26 61 60 25 23 22 50 20 18 16 40 15 14 30 10 9 20 5 10 3 0 0 Q1 Q2 Q3 Q4 2019 2020 2019 2020 4
Slide 5: EH216 Trial Flights and Locations Across the Globe
EH216 Trial Flights and Locations Across the Globe • As a pioneer in the global Urban Air Mobility (“UAM”) industry, by year-end 2020 EH216 had safely carried out approximately 10,000 autonomous trial flights (including passenger-carrying flights). • The flights showcased a variety of UAM applicatio
Slide 6: Autonomous Trial Flights in Korea of EH216 with Special Certificate of Airworthiness
Autonomous Trial Flights in Korea of EH216 with Special Certificate of Airworthiness • In November 2020, the Ministry of Land, Infrastructure and Transport (“MOLIT”) of Korea issued a Special Certificate of Airworthiness (“SAC”) for the EH216, the first SAC for passenger-grade AAVs in Korea. • With
Slide 7: Long-term Trial Flight Permit for EH216 Across Austrian National Airspace
Long-term Trial Flight Permit for EH216 Across Austrian National Airspace • In December 2020, the Civil Aviation Authority of Austria issued a trial flight permit for the EH216 that allows trial operation of unmanned flights in Austrian national airspace. • This permit was obtained through the joint
Slide 8: Strategic Partnership with Greenland Hong Kong for Aerial Tourism Programs
Strategic Partnership with Greenland Hong Kong for Aerial Tourism Programs • In December 2020, EHang entered a strategic partnership with a PRC subsidiary of Greenland Hong Kong Holdings Limited (SEHK: 00337) (“Greenland”), an HKEX-listed real estate company, to roll out air mobility services, such
Slide 9: Participation in Formulating China's First National Standard for Express Delivery Services via Unmanned Aircraft
Participation in Formulating China’s First National Standard for Express Delivery Services via Unmanned Aircraft • EHang collaborated with industry-leading players, such as JD.com (Nasdaq: JD) and ZTO Express (NYSE: ZTO), to participate in the formulation of the Specification for Express Delivery Se
Slide 10: Financial Highlights for Q4 and FY 2020
FINANCIAL HIGHLIGHTS FOR Q4 AND FY 2020 10
Slide 11: Full Year 2020 Financial Highlights
Full Year 2020 Financial Highlights • Robust annual revenue growth despite pandemic impact • Record quarterly and annual adjusted gross margin since inception (RMB '000) 2020 2019 YoY Total revenues 180,093 121,814 47.8% Gross profit 106,179 71,218 49.1% Adjusted Gross profit 108,622 71,583 51.7% Gr
Slide 12: Q4 2020 Financial Performance: Total Revenues and Adjusted Gross Profit
Q4 2020 Financial Performance Total Revenues Adjusted Gross Profit RMB’000 RMB’000 60,000 35,000 34,813 65.0% 54,684 54,595 64.0% 34,500 63.8% 50,000 63.0% 34,000 62.0% 40,000 33,500 33,196 33,196 61.0% 30,000 33,000 60.7% 60.0% 59.4% 32,450 59.0% 32,500 20,000 58.0% 32,000 57.0% 10,000 31,500 56.0%
Slide 13: Q4 2020 Financial Performance: Adjusted Operating Profit and Net Income
Q4 2020 Financial Performance Adjusted Operating Profit/(Loss) Adjusted Net Income/(Loss) RMB’000 RMB’000 10,000 20.0% 10,000 20.0% 2,145 3,777 5.2% 2,860 6.9% 0 0.0% 0 0.0% 3.9% (156) (10,000) -19.5% -20.0% (10,000) -0.3% -20.0% -22.5% (10,635) (12,272) (20,000) -40.0% (20,000) -40.0% (30,000) -60.
Slide 14: 2020 Financial Performance
2020 Financial Performance Total Revenues Adjusted Gross Profit Adjusted Operating Loss RMB’000 RMB’000 RMB’000 200,000 120,000 61.0% 0 0.0% 180,093 108,622 106,179 47.8% YoY -10.0% 100,000 60.5% (20,000) 160,000 60.3% 80,000 60.0% -20.2% -20.0% 71,21871,583 (40,000) (31,598) 121,814 -25.9% (36,439)
Slide 15: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (RMB '000) As of December 31, 2019 As of December 31, 2020 Current assets: Cash and cash equivalents 321,662 137,840 Restricted cash - 2,333 Short-term investments 7,674 49,271 Accounts receivable 41,103 179,388 Cost and estimated earnings in excess of
Slide 16: Unaudited Condensed Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (RMB '000) 2019 Q4 2020 Q3 2020 Q4 FY2019 FY2020 Total revenues 54,684 70,980 54,595 121,814 180,093 Costs of revenues (21,488) (28,958) (22,145) (50,596) (73,914) Gross profit 33,196 42,022 32,450 71,218 106,179 Operating expenses: S
Slide 17: Unaudited Condensed Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows (RMB '000) 2019 Q4 2020 Q3 2020 Q4 FY2019 FY2020 CASH FLOWS FROM OPERATING ACTIVITIES Net loss (156) (1,064) (50,843) (47,994) (92,041) Adjustments to reconcile net loss to net cash used in operating activities: Share-based compensation 1,632
Slide 18: Investment Highlights
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 Integ
Slide 19: Thank You
Thank You www.ehang.com Investor Contact: ir@ehang.com 19