Slide 1: FY13 result roadshow
For personal use only FY13 result roadshow April 2014
Slide 2: FY13 highlights
FY13 highlights Increased production, new retail stores and streamlined For personal use only processes deliver maiden profit • First profitable financial year with net profit of A$404,460 • Increased production to 60,500 units • Over 3,700 units sold in 10 new retail stores opened in China during 2
Slide 3: Robust business strategy
Robust business strategy • Vmoto is a leading global scooter manufacturer and distribution company - Specialises in high quality “green” electric powered two wheel vehicles, For personal use only operating in burgeoning global market - European designs and German engineering - Critical licenses in p
Slide 4: Extensive FY13 sales channel in Asia
Extensive FY13 sales channel in Asia… • China For personal use only - 44,235 PowerEagle units produced exceeding production forecast - Over 3,700 units sold through 10 Chinese retail stores - Continually assessing collaborative and distribution agreements • Indonesia - Exclusive distribution agreeme
Slide 5: As well as Europe, North America and more
…as well as Europe, North America and more • Germany For personal use only - Production commenced for E-Tropolis units - Despite Europe’s economic conditions, 232 units were delivered • Netherlands - B.V Nimag secured as exclusive distributor - 38 units shipped • USA - 1st order of 75 units delivere
Slide 6: Financials – scaling up and maiden profit
Financials – scaling up and maiden profit For personal use only A$ FY13 FY12 Change Revenue 25.2m 9.8m 156% Gross Profit 3.7m 2.1m 76% Net Profit 404k (2.18)m >> EPS (cps) 0.04 (0.27) >> Note: FY13 figures relate to the year ended 31 December 2013. Comparatives are for the sum of 6 month period ende
Slide 7: Financials – growth across key metrics
Financials – growth across key metrics Key profit & loss items (A$m) FY13 FY12 % change Financial Performance For personal use only • Revenue 25.17 9.84 156% - First profitable financial year with a net profit of EBITDA 0.78 (1.36) >> A$404,460 Net profit after tax 0.40 (2.18) >> Earnings per share
Slide 8: Substantial organic growth opportunities
Substantial organic growth opportunities Solid market share already in electric scooter market – no. 2 global For personal use only • vendor1 • Discussions ongoing with electric vehicle companies/governments for collaborations and joint ventures – e.g. Nanjing Government trial of electric four-wheel
Slide 9: Strong competitive position in world market
Strong competitive position in world market No. 2 global vendor and clear contender to be leader For personal use only • Global electric scooter market has developed two distinct vendors: - High-powered , higher priced scooters in North / South America and Europe - Those with cost structures suitabl
Slide 10: Access to massive high growth markets
Access to massive high growth markets Strategic position in China provides access to world’s largest two For personal use only wheel vehicle market • Asia Pacific accounts for more than 99% of global sales • China is largest global market for electric two wheel vehicles (incl. bicycles) – 30m units
Slide 11: Access to massive high growth markets (cont’d)
Access to massive high growth markets (cont’d) Market opportunity is global For personal use only • Navigant Research forecasts that global e-scooter sales will grow from 12m vehicles in 2013 to 18m in 20201 • Vmoto already at forefront of this market with global network of customers, partners and d
Slide 12: Ability to scale manufacturing operations
Ability to scale manufacturing operations • 30,000sqm state of the art manufacturing facility in Nanjing, China For personal use only - Wholly owned, fully paid for, equipped plant in key industrial zone - Estimated production capacity of >300,000 scooters pa (depending on model) - No short term inf
Slide 13: Summary
Summary • First profitable financial year with net profit of A$404,460 in line with Company forecast For personal use only • Increased production and product development • Landmark contracts executed and firmly ingrained in Chinese domestic market • Significant organic growth, electric vehicle colla
Slide 14: Global cooling, one kilometre at a time
For personal use only Global cooling, one kilometre at a time
Slide 15: Contact details
For personal use only • Charles Chen, Managing Director – +61 (8) 9226 3865 – charles@vmoto.com.cn • Olly Cairns, Non-Executive Director – +61 (8) 9226 3865 – olly@vmoto.com
Slide 16: Appendices
For personal use only Appendices 16
Slide 17: Corporate structure
Corporate structure • Directors and senior management • Shareholders For personal use only – Simon Farrell – Non-Executive Chairman – Australian / Chinese institution and – Charles Chen – Managing Director retail – 73% – Ivan Teo – Finance Director – UK institution and retail – 16% – Olly Cairns – N
Slide 18: Directors and Senior Management
Directors and Senior Management • Simon Farrell– Non-Executive Chairman (Australia) - Former Managing Director of Coal of Africa – grew to $1 billion market cap For personal use only - 30 years’ experience in global business • Charles Chen – Managing Director (China) - Ex-Honda Sundiro Management, 1
Slide 19: Key customers
Key customers Name Description For personal use only PowerEagle Chinese company based in Shanghai, China and specialises in electric bicycles/scooters/ motorcycles. Brand name well known in China for product development and quality control E-Tropolis Germany electric vehicle company based in Bremen,
Slide 20: Vmoto in China
For personal use only Vmoto in China 20
Slide 21: Vmoto’s evolution leveraging new technology
Vmoto’s evolution leveraging new technology 2012 2013 For personal use only 2009 2010 Vmoto launches With many lucrative Vmoto acquires Following the E-Max its own 1st two supply agreements E-Max, a German integration, scale wheel electric already secured, electric scooter production builds at scoot
Slide 22: Patented technology and IP
Patented technology and IP Market leading technologies that are transferrable For personal use only • Patented technology and IP - Through acquisition of E-Max, Vmoto is producing market leading technology • Market differentiation based on innovative and functional design features - High quality con
Slide 23: Batteries and charging
Batteries and charging • Currently silicone & lithium battery packs used For personal use only - Modular design - High energy density - Intelligent cooling system • Moveable battery packs • On board chargers and smart chargers • Average range – 45km to 140km • Average charging time – three to five h
Slide 24: New electric two wheel vehicle models
New electric two wheel vehicle models For personal use only 24
Slide 25: Disclaimer
Disclaimer IMPORTANT NOTICE For personal use only The information contained in this presentation is current as at 1 April 2014 and is provided by Vmoto Limited (ABN 36 098 455 460) (“Vmoto”) as a summary document for information purposes only. Any forward looking statements included in this presenta