Geely Automobile Holdings Limited · HKEX:175
Geely Automobile — FY2024 Earnings Presentation
24 slides from Geely Automobile's earnings presentation, Mar 20, 2025
Slide 1: 2024 Annual Results
GEELY 2024 ANNUAL RESULTS GEELY AUTOMOBILE HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability ) Stock Codes: 175(HKD Counter) and 80175 (RMB Counter)
Slide 2: Important Notice
GEELY IMPORTANT NOTICE The information contained herein is meant for presentation purposes only and may not be used and relied upon by any other party. It is not to be taken in substitution for the exercise of judgement. You shall be solely responsible for making your own independent investigation o
Slide 3: New Energy Transition Breakthrough Drove Record High Sales Volume
GEELY New Energy Transition Breakthrough Drove Record High Sales Volume Revenue Surpassed 200 Billion & Profit Attributable to Equity Holders Surged YoY Total Sales Volume in 2024* Total Revenue in 2024 2.17 Tmunits 32 240.2: 34 Total Sales Volume YoY Growth RMB YoY Growth Profit Attributable to Equ
Slide 4: Surging NEV Sales, Sustaining Top Domestic ICE Brand in China
GEELY Surging NEV Sales, Sustaining Top Domestic ICE Brand in China & Accelerating Global Expansion Drove Total Sales Volume to New Heights Consecutive Record Highs in Consecutive Record Highs in Consecutive Record Highs in Total Sales Volume & NEV** Sales Volume* NEV Sales Volume for All 3 Brands E
Slide 5: Continuous Optimization of Product Mix Led to Steady Rise in Average Selling Price
GEELY Continuous Optimization of Product Mix Led to Steady Rise in Average Selling Price Contributing to Consecutive Record Highs in Revenue Total Revenue (million mB) Sales of Vehicles (mitionrms) Average Selling Price (thousand RMB ) +34% ] +36% +0.26 | 240,194 104.8 107.4 203,061 149,623
Slide 6: Core Products' Competitiveness & Economies of Scale
GEELY Core Products’ Competitiveness & Economies of Scale Drove Surge in Gross Profit and Steady Growth in Gross Profit Margin Total Gross Profit (mition RMB) Gross Profit Margin +39% ] +0.6%pt 38,201 27,415
Slide 7: Resource Integration & Lean Management Led to Reductions in Both Expense Ratios
GEELY Resource Integration & Lean Management Led to Reductions in Both Selling and Administrative Expense Ratios Distribution & Selling Expense Ratio Administrative Expense Ratio -0.3%pt 2.3% 5.5% 2.0%
Slide 8: Focus on Intelligent NEV Strategy: Continuous increase in R&D investment
GEELY Focus on Intelligent NEV Strategy: Continuous increase in R&D investment & Strengthened Cost Control to Improve R&D Efficiency Total R&D Expenditure* (milion RB) R&D Expenditure Ratio*™* +13% -1.2%pt 15,879 TAS 14,039 6.8% n+ capitalized R&D costs
Slide 9: Improvements in Sales Volume and Product Profitability Led to YoY Growth in Profit
GEELY Improvements in Sales Volume and Product Profitability Led to YoY Growth in Profit Attributable to Equity Holders Excluding Extraordinary Items 2024 Profit Attributable to Equity Holders (million RMB) 10,786 oa a_ = —— -989 wo 2,608 enol aa» 8,525 -1,590 450 5,308 37 5,625
Slide 10: Ample Cash Reserves; Record-High Net Cash Level
GEELY Ample Cash Reserves; Record-High Net Cash Level; Investments in Strategic Integration Support Long-term Growth 2024 Cash Flows (million RMB) +11% +40% 26,507 = 4,182 2,881 Co || 2 40,865 36,775 -13,314 ae a= a 39,801
Slide 11: Continuous Increase in Dividend per Share
GEELY Continuous Increase in Dividend per Share Stable Dividend Payout to Shareholders Dividend per share ( HKD ) fl Proposed dividend per share ( HKD ) +50.0%
Slide 12: Geely Brand Sold 1.67M units YoY +27%
GEELY Geely Brand Sold 1.67M units YoY +27% Geely Galaxy Emerged as Mainstream NEV Brand China Star Sustained as the No.1 Domestic ICE Brand in China for 8 years Geely Galaxy NEV Brand China Star ICE Vehicle Series Overseas Markets 494 kunits Galaxy E5, Xingyuan, Starship 7 1.17 m units 7% 81 countr
Slide 13: ZEEKR Sales Volume Nearly Doubled & Turned Profitable
GEELY ZEEKR Sales Volume Nearly Doubled & Turned Profitable (HKFRSs) since 03 Lynk&Co NEV Penetration Rate Surged ZEEKR Net Profit /( Loss )* ZEEKR Brand Lynk & Co Brand (million RMB) 147 222k units ZEEKR O01, ZEEKR 009, ZEEKR 7X 285k units 58.8% NEV Penetration Rate Topsatina nodes inthe sect seame
Slide 14: Strategic Integration Leads ZEEKR Group into a New Era
GEELY Strategic Integration Leads ZEEKR Group into a New Era Achieving Efficiency Leap Sales Volume Growth Product Cost Reduction R&D Optimization* Operating Efficiency Improvement Target Target Target Target TM units | 40x >3x 10-20% ~Bxpt reduction 10-20% ~Buptreduction Sales Volume Target Compoun
Slide 15: Proton & Renault Korea Contributed to Profit Diversification
GEELY Proton & Renault Korea Contributed to Profit Diversification & Global Footprint Expansion Proton Renault Korea First BEV e.MAS 7 launched 22,500 units ordered in two weeks after launched in December Grand Koleos, a best-seller si ‘modolin November & Decombor 153k units 190mRMB 107k units | 356
Slide 16: HORSE JV Established & Ranking among Global Leading Powertrain Companies
GEELY HORSE JV Established & Ranking among Global Leading Powertrain Companies Genius AFC Consistently Contributed Stable Profits =) HORSE POWERTRAIN Genius AFC 8m units 1.153 RMB 54.85 RMB 1.07: RMB Powertrains sold in 2024 Net profit Oustanding loan balance Net profit in 2024 (From the Groups cont
Slide 17: Integrating ESG into Strategy to Achieve Long-term Sustainable Development
GEELY Integrating ESG into Strategy to Achieve Long-term Sustainable Development Climate Neutral Globalization Safety Equity Short-term target? Long-term target: Establish sustainable supply chain to empower global exports ‘Always adhering to safety, achieve safety equity via self-developed Lifecycl
Slide 18: 2025 Outlook
GEELY 2025 Outlook Annual Sales Volume Target 2.71M | NEV Sales Volume Target 1.50 M | 10 Brand New NEV Models Geely Brand === 5 Brand New NEV Models and Various Facelifted Models in 2025 *GEA architecture launches a popular product cycle 2 M * NEV product matrix fully covers AO to B+ segments Units
Slide 19: 2025 Outlook
GEELY 2025 Outlook ZEEKRGroup 72.5.0 5 Brand New NEV Models and Various Facelifted Models in 2025 71 ft) Kunit *ZEEKR 007 GT expands the popular shooting brake family units + Full-size flagship SUV ZEEKR 9X & mid-to-large size luxury SUV equipped with super hybrid, Chhiie ana} expands the luxury mar
Slide 20: 2025 Outlook
GEELY 2025 Outlook Accelerating Global Strategic Layout to Achieve Export Diversification in ICE Vehicles & NEVs Middle East ¥ Pan-Europe & EasternEurope Y Africa ¥ = launch all new Boyue and facelifted ICE vehicle models _—_« launch Geely Galaxy NEV & facelifted ICE vehicle models + launch Geely Ga
Slide 21: 2025 Outlook
GEELY 2025 Outlook Fully Completed “Smart Geely 2025” Strategy & Led in Achieving Full-domain Al layout in automobile industry Transform into an Intelligent Tech Company with Robust Manufacturing Capability Full-domain Al Scenario Applications* Full-domain Al Technology Layout** Full-domain Al Ecosy
Slide 22: Making Intelligent and Refined Cars for Everyone
GEELY Hed TAB AE fH OH Making Intelligent and Refined Cars for Everyone BAA FERA IRA a 20245 SF We RAS Geely Automobile Holdings Limited 2024 Annual Results Conference Ate : 175 (MBA) BR 80175 (ARMIES) Stock codes:175(HKD counter) and 80175(RMB counter) 2025/03/20 20th Mar 2025
Slide 23: 2024 Annual Results
GEELY 2024 Annual Results For the year ended 31 December 2024 2023 Changes Sales Volume ( units )1 2,176,567 1,648,515 + 32.0% YoY Revenue (million RMB ) 240,194 179,204 + 34.0% YoY Gross profit margin? 15.9% 15.3% +0.6 %pt Earnings before interest and taxes (“EBIT“)(million RMB )3 9,767 4,959 +97.0
Slide 24: 2024 Annual Results
GEELY 2024 Annual Results For the year ended 31 December 2024 2023 Changes Sales of vehicles (million RMB) 203,061 149,623 + 35.7% YoY Average selling price (RMB) 107,376 104,759 +2.5% YoY Return on equity! 19.2% 6.6% +12.6 %pt EBIT ratio 2 4.1% 2.8% +1.3 %pt Distribution & selling expenses as % of
Geely Automobile Holdings — FY2024 Earnings Presentation on 6ix