Guangzhou Automobile Group Co., Ltd. Class A · SSE:601238
Guangzhou Automobile Group Co., Ltd. Class A — H1 2021 Earnings Presentation
25 slides from Guangzhou Automobile Group Co., Ltd. Class A's earnings presentation, August 2021
Slide 1: GAC Group August 2021, Guangzhou
GAC GROUP -scrartep By THE DRIVEN August 2021, Guangzhou
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
目 录 Content
Slide 4: Part 1. Industry Development Overview
Part 1. Industry Development Overview
Slide 5: The domestic auto market stopped falling and rebounded
The domestic auto market stopped falling and rebounded Sales and growth rate of China’s auto market Monthly sales and growth rate of China’s over the years auto market in 2021H1 13.7% ( 10,000 units ) ( 10,000 units ) 369.4% 3.0% -2.8% -1.9% -8.1% 29.9% 76.6% 8.8% -3.0% -12.4% 365 416 437 432 513 Ye
Slide 6: SUV sales continue to surpass sedans; Chinese brand PV share rose
The scale of SUV production and sales continued to surpass that of sedans, and market share of Chinese brand PV increased significantly China's PV sales by segment in 2021H1 In the first half of 2021, the sales volume of various passenger car ( 10,000 units ) Minivan,13.7% Minivan,1.8% segments sh
Slide 7: New energy vehicle production and sales hit a record high in 2021H1
New energy vehicle production and sales hit a record high in 2021H1 Monthly Monthlysales salesofofChina's China'snew newenergy energyvehicle market China's new energy vehicle market sales invehicle 2021H1market in the first half of 2021 ( 10,000 units ) ( 10,000 units ) Year-on-year increase of 201.
Slide 8: Part 2. Operation Results Overview
Part 2. Operation Results Overview
Slide 9: Main operating results of the group in 2021H1
Main operating results of the group in 2021H1 Combating the epidemic situation, ensuring supply, grasping production, grabbing orders, devoted in R & D and promoting transformation The production and sales of For the ninth consecutive GAC Motor EMPOW, GS4 On the 2021 GAC technology The “GLASS plan"
Slide 10: Main operations of the group in 2021H1: steady growth in production and operation
Main operations of the group in 2021H1 01 Good momentum of steady growth in production and operation Production and sales have achieved positive growth The production and sales of its main compared with the same period in 2020 and 2019 auto enterprises are in good shape ( 10,000 units ) ( 10,000 uni
Slide 11: Independent brands are poised to stabilize
Main operating results of the group in 2021H1 02 Independent brands are poised to stabilize 1.Research, production and marketing integration and 2.Product focus has achieved initial results collaboration efficiency improved Total incentive package Give further play to the business decision-making
Slide 12: The project investment is advancing steadily
Main operating results of the group in 2021H1 03 The project investment is advancing steadily 1.Overcome the shortage of chip supply and stabilize 2. Planned capacity expansion project capacity utilization Capacity utilization in Capacity utilization in the Affilates 2020 first half of 2021 GAC MOTO
Slide 13: Accelerating transformation: electrification technologies
Main operating results of the group in 2021H1 04 Accelerating the transformations responding to auto industry trend On the 2021 GAC technology day, the Group officially released the power battery technology 1.Tackling key technologies of strategy "neutron star strategy" focusing on electrification,
Slide 14: Accelerating transformation: intelligence and connectivity
Main operating results of the group in 2021H1 04 Accelerating the transformations responding to auto industry trend Continuously increase research investment in the field of intelligence and connectivity, steadily promote the research and 2.Improve the level of intelligence and development of variou
Slide 15: Digital transformation and ride sharing
Main operating results of the group in 2021H1 04 Accelerating the transformations responding to auto industry trend 3.Accelerate the Digital Transformation 4.Explore Promoting Ride Sharing Vigorously promote the establishment of digital marketing system, strengthen brand operation, ON TIME cente
Slide 16: Part 3. Financial results overview
Part 3. Financial results overview
Slide 17: 2021H1 Key Financial Indicators
2021H1 Key Financial Indicators Total revenue 2021H1 2042.82 Consolidated revenue 2021H1 345.72 （RMB 100 mm） 2020H1 1597.03 （RMB 100 mm） 2020H1 256.42 Net profit attributable to Net profit attributed to a listed company 2021H1 43.37 2021H1 40.45 the parent company excluding non-recurring 2020H1 23.1
Slide 18: 2021H1 Financial Indicators (Consolidated)
2021H1 Financial Indicators (Consolidated) Summary of Comprehensive Income （RMB 100 mm, except EPS ） 2021H1 2020H1 Variance (%) Revenue 345.72 256.42 34.83% Cost of operation 320.67 240.84 33.15% Sales and distribution expenses 19.42 14.30 35.80% Administrative expenses 17.29 14.25 21.33% R&D expens
Slide 19: 2021H1 Financial Indicators: Balance Sheet and Cash Flow
2021H1 Financial Indicators (Consolidated) Summary of Balance Sheet (RMB 100mm) 30-06-2021 31-12-2020 Variance (%) Total assets 1412.12 1428.07 -1.12% Total liabilities 511.97 561.47 -8.82% Total equity 900.14 866.60 3.87% Summary of Cash Flow （RM B 100 mm ） 2021H1 2020H1 Variance (%) Net cash flows
Slide 20: Analysis on Profit Variance
Analysis on Profit Variance （ RMB 100 mm） 23.38 5.12 3.04 0.52 2.19 43.37 6.64 23.18
Slide 21: Part 4. Prospects for 2021H2
_ = zr i ttt N_Y GAC GROUP | CRAFTED BY THE DRIVEN Part 4. Prospects for 2021H2
Slide 22: Outlook for the second half: industry opportunities and challenges
Outlook for the second half of the year: industry opportunities and challenges The global economy is complex and there are risks of imbalance and uncertainty in economic recovery The domestic economy continued to recover growth The global epidemic has repeated, and it’s hard to predict when it wil
Slide 23: Prospects for the second half: heavy new models will be launched
Prospects for the second half of the year: heavy new models will be launched First half of the year Second half of the year GAC Motor GS4 PLUS AION AION Y AION S PLUS GAC TOYOTA Levin Highlander MPV GAC HONDA EA6
Slide 24: Focus in the second half of 2021
Focus in the second half of 2021 1.Effectively guarantee supply and 2.Promote efficiency and profitability, increase production, and go all out to and comprehensively promote high- ensure stable growth. quality development. 3.Adhere to integrity and 4.Strengthen the investment of resources, innovati
Slide 25: GAC's 2021H1 Results Presentation
GAC's 2021H1 Results Presentation
Guangzhou Automobile Group — H1 2021 Earnings Presentation on 6ix