Ola Electric Mobility Limited · NSE:OLAELEC
Ola Electric Mobility — Q2 FY25 Earnings Presentation
18 slides from Ola Electric Mobility's earnings presentation, Nov 8, 2024
Slide 1: Exchange filing cover letter: shareholders' letter presentation
OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) Date: November 08, 2024 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra
Slide 2: Shareholders' Letter Q2 FY25
SHAREHOLDERS’ LETTER Q2 FY25 | NOVEM BER 8, 2024
Slide 3: Ola Manifesto
OLA MANIFESTO If you’re going to dream, make it an impossible one. And then, make it happen. If you’re travelling new paths, be up for doing it alone. If you’re proud of where you are from, make where you’re from proud of you. If you’re going to compete, start where everybody else finishes. If you’r
Slide 4: Key Metrics and Executive Summary
Key Metrics ₹1,240 Cr 98,619 20.3% -17.9% -28.4% Revenue 1 Deliveries Gross Margin 1 Auto EBITDA Consolidated Margin 1 EBITDA Margin1 38.5 % YoY 73.6% YoY 12.0 pp YoY 18.0 pp YoY 17.6 pp YoY Executive Summary We have maintained our market leadership with 33% market share during Q2 FY25 despite aggre
Slide 5: Financial performance summary
Financial performance summary Key Operating Metrics Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Deliveries 70,575 56,813 86,775 1,15,386 1,25,198 98,619 Premium 70,575 56,813 83,396 65,682 75,977 42,074 Mass - - 3,379 49,704 49,221 56,545 Automotive Segment (in ₹Cr) Revenue 1,253 896 1,336 1,655
Slide 6: Automotive
Auto segment Gross Margin has consistently improved despite subsidy reduction over the last year to 20.6% in Q2 FY25, an increase of 12.5 pp YoY due to BOM cost reduction driven by our Gen 2 platform. Over Q1 FY25 we had a 3% improvement in gross margins led by reduction in BOM cost, offset by 1% in
Slide 7: Our Strategy: Broadening our product portfolio
Based on our internal estimates, certain states have very high EV scooter penetration such as Rajasthan at almost 47% EV Scooter penetration, and UP, Madhya Pradesh and Chhattisgarh at almost 35% penetration reflecting the potential for other states to also get to similar levels of EV penetration in
Slide 8: Launching 20 products over the next 2 years
Over the next 2 years, we will be launching 20 products, with at least 1 new product launch every quarter. At our annual launch event Sankalp in Aug, we launched our Roadster motorcycle series as shown below, with the first product to be delivered in March 2025. The products are priced to capture th
Slide 9: Our D2C model and Network Partner Program
Our D2C model has been extremely successful and remains the anchor of our network. The Network Partner Program will further amplify the benefits of our D2C network, and help increase EV penetration in India as it requires low capital investment from Network Partners and can be scaled up rapidly. 1,8
Slide 10: Technology innovation and vertical integration
GEN 1 GEN 2 GEN 3 Standalone Motor Integrated Motor Magnet-less Motor In-house battery pack 33% part reduction Structural Battery (4680 cell Compatible) Distributed E&E architecture Centralised EnE Architecture Fully centralised E&E (ADAS Compatible) Tubular Frame Robust Hybrid Frame Casted, Modular
Slide 11: Cell program timeline
Cell We started trial production of our cells in March 2024 and we are on track to use our in-house cells in our EV products starting Q1 FY26. Below shows a snapshot of the program timeline with significant milestones achieved and upcoming milestones. Gigafactory commissioning Cell validation & batt
Slide 12: Path to profitability: gross margin outlook
7-8% 12-15% 20% 34-36% 21% Q2 FY25 Gen 3 In-house Cell Adjusting for Steady State GM Incentives GM In addition to this, our cost efficient D2C model and our focus on keeping operating expenses constant is delivering strong operating leverage as we scale with increasing distribution and product portf
Slide 13: Photographs
Photographs 4680 CELLS CALENDERING :
Slide 14: pene
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Slide 15: Slide 15
Slide 16: Annexures - Financial Snapshot
Annexures - Financial Snapshot Consolidated Financials (both old and new definitions) Particulars (in ₹ Cr) Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Total Income 922 1,371 1,671 1,718 1,314 Revenue 4 896 1,336 1,641 1,687 1,240 Adj. Gross margin 100 283 313 377 325 Adj. Gross margin (% of Total Incom
Slide 17: Automotive and Cell Financials
Automotive Financials (both old and new definitions) Particulars (in ₹ Cr) Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Total Income 922 1,371 1,685 1,722 1,307 Revenue 4 896 1,336 1,655 1,691 1,246 Adj. Gross margin 99 283 327 381 318 Adj. Gross margin (% of Total Income) 10.7% 20.6% 19.4% 22.1% 24.3% G
Slide 18: Ola Electric
OLA ELECTRIC
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