EHang Holdings Ltd. · NASDAQ:EH
EHang — Q4 2019 Earnings Presentation
27 slides from EHang's earnings presentation, Mar 24, 2020
Slide 1: Q4 2019 Earnings Highlights
EHang Holdings Limited Q4 2019 Earnings Highlights March 24, 2020 Strictly Privileged & Confidential
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: The Company
CHANG THE COMPANY EH | Nasdaq Listed
Slide 4: Our Mission
Our Mission Enable safe, autonomous and eco-friendly air mobility for everyone US$1.5Tn TAM by 2040* If you’re bullish on autonomous cars, it’s time to start looking at autonomous aircraft • Autonomous Urban Air Mobility TAM from Morgan Stanley Research titled “Flying Cars: Investment Implications o
Slide 5: Who We Are
Who We Are Smart City Logistics Management Command-and-Control Centers Aerial Media Passenger Solutions Transportation Landing Pads Charging Platforms Passenger-grade AAVs Non-passenger-grade AAVs We are an Urban Air Mobility Platform Operator Note: AAV represents Autonomous Aerial Vehicle. 5
Slide 6: Our Technology Platform
Our Technology Platform AAVs AAV OPERATING PLATFORM Comprehensive portfolio of high-performing Operating systems and extended infrastructure that facilitate AAVs for a multitude of applications management and operations of AAVs at scale Passenger-grade AAVs AAV Operating Systems + EHang 216 EHang 11
Slide 7: What is A Passenger-grade AAV
What is A Passenger-grade AAV Panoramic windshield for wide vision Safe and Reliable 18-inch luggage trunk Coaxial propellers designed for safe Gull-wing doors Autonomous and and strong power Intelligent Proprietarily-developed HPD motor Cluster Management Capable Connected Foldable arms to minimize
Slide 8: A Variety of Flight Tests of Passenger-grade AAVs
A Variety of Flight Tests of Passenger-grade AAVs High-altitude High-temperature Wind resistance Low-visibility flight Weather adaptability flight Test flight Test flight Test Test flight Test 8
Slide 9: Commercial Delivery of Passenger-grade AAVs
Commercial Delivery of Passenger-grade AAVs 9
Slide 10: World Flight Tour Footprint
World Flight Tour Footprint Harbin Changchun Turpan Netherlands Kashgar Shenyang Austria Dalian Yantai China USA Shijiazhuang UAE Qatar Suzhou Chongqing Hangzhou Taizhou Guagnzhou Yangjiang 10
Slide 11: Innovative AAV Commercial Solutions
Innovative AAV Commercial Solutions Air Mobility • Short- to medium-distance air • Provision of logistics solutions transportation solutions and and services, with a focus on services employing urban air deliveries enabled by passenger-grade AAVs AAVs, both passenger-grade and non-passenger-grade Pa
Slide 12: Global and China Target Market Sizes
Global and China Target Market Sizes 2023E market size: US$103.7bn Commercial UAV 2018-2023E CAGR: 94.5% Urban air mobility Passenger Smart city Other Logistics Aerial media transportation management applications 2023E US$3.0bn US$46.1bn US$27.7bn US$0.3bn US$26.6bn Market size: China share of globa
Slide 13: Air Mobility - Case Study
Air Mobility - Case Study Passenger Transportation Logistics 1 2 3 4 Customer Guangzhou, China Customer Customers • A PRC AAV distributor in the • Announced first urban air mobility • A Nasdaq-listed U.S. • A Norwegian electric vehicle and tourism industry pilot city program in partnership with biot
Slide 14: Smart City Management
Smart City Management Our Command-and-Control Center Network in China Smart City Management Use Cases We are the first company to successfully build integrated command- and-control centers that centralize and coordinate a wide range of AAV applications simultaneously Lianyungang Shaoguan Command-and
Slide 15: Aerial Media
Aerial Media AAV formations, synchronized movement and accurate display of two-dimensional and three-dimensional configurations, brand logos or messages Reinventing the Aerial Landscape Large-scale outdoor aerial formations choreographed into light-based images against the backdrop of the night sky
Slide 16: Our Path Forward
Our Path Forward Extend our technological leadership Expand development and manufacturing capabilities Expand our AAV portfolio and strengthen our platform Continue commercialization and promote adoption, e.g. air taxi services Explore new monetization opportunities Pursue strategic partnerships in
Slide 17: Business Highlights – Q4 and Full Year 2019
Business Highlights – Q4 and Full Year 2019 PIONEER COMMERCIALIZATION PARTNERSHIPS IPO World Flight Tour Breakthroughs in World’s First 2 UAM Pilot Cities Parterships for (Nasdaq: EH) Regulations & Commercial UAM Ecosystem Certifications Deliveries • Successfully completed • Trial / demo flights in
Slide 18: Financial Overview
CHANG FINANCIAL OVERVIEW @ EH | Nasdaq Listed
Slide 19: Q4 2019 Financial Highlights
Q4 2019 Financial Highlights (RMB '000) 4Q18 3Q19 4Q19 YoY QoQ Total revenues 10,487 34,745 54,684 421.4% 57.4% Gross profit 5,887 19,071 33,196 463.9% 74.1% Gross profit margin 56.1% 54.9% 60.7% +4.6 pp +5.8 pp Adjusted operating expenses 25,841 26,845 31,357 21.3% 16.8% Adjusted operating profit /
Slide 20: Full Year 2019 Financial Highlights
Full Year 2019 Financial Highlights (RMB '000) 2018 2019 YoY Total revenues 66,487 121,814 83.2% Gross profit 33,747 71,218 111.0% Gross profit margin 50.8% 58.5% +7.7 pp Adjusted operating expenses 94,796 106,588 12.4% Adjusted operating loss (52,049) (31,598) -39.3% Adjusted net loss (58,163) (31,
Slide 21: Q4 2019 Financial Performance
Q4 2019 Financial Performance Total Revenues Gross Profit RMB’000 RMB’000 60,000 1.2 35,000 33,196 62.0% 54,684 109.1% 1 30,000 60.7% 50,000 60.0% 59.2% 0.8 25,000 40,000 58.0% 34,745 57.1% 19,071 58.6% 0.6 20,000 56.1% 30,000 57.4% 56.0% 21,909 0.4 15,000 12,968 54.9% 20,000 54.0% 0.2 10,000 10,487
Slide 22: Q4 2019 Financial Performance
Q4 2019 Financial Performance Adjusted Operating Profit / (Loss) Adjusted Net Income / (Loss) RMB’000 RMB’000 5,000 3,777 20.0% 5,000 50.0% 2,860 6.9% 5.2% 0.0% 0 0.0% 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 0 -20.0% 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 -20.1% -21.2% (5,000) -50.0% -40.0% -59.9% (5,000) -6
Slide 23: 2019 Financial Performance
2019 Financial Performance RMB’000 Total Revenues Gross Profit Adjusted Operating Loss 140,000 80,000 60.0% 2018 2019 71,218 121,814 0 0.0% 70,000 58.5% 120,000 58.0% -10.0% 60,000 (10,000) 100,000 56.0% -20.0% -25.9% 50,000 (20,000) -30.0% 80,000 54.0% 66,487 -40.0% 40,000 33,747 (30,000) 60,000 52
Slide 24: Condensed consolidated statements of comprehensive loss
Condensed consolidated statements of comprehensive loss 24
Slide 25: Condensed consolidated balance sheets
Condensed consolidated balance sheets 25
Slide 26: Condensed consolidated statements of cash flows
Condensed consolidated statements of cash flows 26
Slide 27: Thank You
THANK YOU FLY INTO THE FUTURE Contact Information: ir@ehang.com www.ehang.com Strictly Privileged & Confidential 27