Slide 1: Vmoto Limited Rights Issue Corporate Presentation
For personal use only Vmoto Limited Rights Issue Corporate Presentation May 2012
Slide 2: Disclaimer
Disclaimer For personal use only • The information contained in this presentation is current as at 3 May 2012 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 presentation involve su
Slide 3: Corporate Overview
Corporate Overview For personal use only • Vmoto Limited (VMT) is a global scooter manufacturer, specialising in electric powered scooters, listed on the Australian Stock Exchange (ASX) • Head office in Perth, Australia; manufacturing facilities in Nanjing, China; marketing and after-sales service c
Slide 4: Investment Opportunity
Investment Opportunity For personal use only Business • Capacity to produce 150,000 scooters and 150,000 engines per year • Owned 30,000m2 production facility in Nanjing, China, current valuation approximately A$8.3m • Current production demand is 678 units from 1 May to 30 June 2012 • Breakeven ann
Slide 5: Company Highlights
Company Highlights For personal use only • Global scooter manufacturing and distribution group specialising in high quality and zero emissions electric scooters • Vmoto has strong dealer network in Western Europe (Pikes Research) • Established and experienced global team >110 employees across Austra
Slide 6: Directors and Senior Management
Directors and Senior Management For personal use only • Charles Chen – Managing Director (China) – Ex-Honda Sundiro Management, 18 years’ experience in motor scooter business – Responsible for day to day business operations in China • Jacky Chen – Non-executive Director (China) – 25 years’ experienc
Slide 7: The Electric Market
The Electric Market For personal use only • Electric scooter sector is seen as one of the biggest growing markets over the coming years in the motorcycle industry • International governments have incentives and directives to reduce global emissions and are embracing the move to greener and more envi
Slide 8: Financial Information
Financial Information Summary of consolidated Summary of cash flows related to operating activities balance sheet For personal use only 31-Dec-11 A$ Dec 11 Qtr Mar 12 Qtr Current Assets Receipts from customers 1,743,356 1,290,805 Cash 1,012,912 Payments for Trade and other receivables 1,688,714 (a)
Slide 9: Financials – commentary
Financials – commentary • Cash For personal use only – Cash at Bank as at 31 March 2012 is AUD752k • Margins – In 2011, the Company concentrated on its own manufactured products including electric scooters – Electric scooters gross margins are 15%-36% – Strategic decision to focus on electric scoote
Slide 10: Vmoto E-Scooters Sales and Potential Sales
Vmoto E-Scooters Sales and Potential Sales Distributors / customers Countries E-Scooters actual sales E-Scooters Potential Sales For personal use only E-Max CY2010 CY2011 Total Distributors OEM / SKD Total Units Units Units Units Units Units Eclimo Malaysia 5 500 505 - 19,495 19,495 * MSA Motor Spor
Slide 11: Chinese Manufacturing Facility
Chinese Manufacturing Facility For personal use only • Located in Lishui, Nanjing, Jiangsu, China – a special economic and industrial zone for manufacturer of small vehicles • Operates under its own manufacturing license. • Stage 1 and 2 are completed and comprise over 30,000 square meters of usable
Slide 12: European operations
European operations For personal use only • After Sales Service and Marketing centre for Europe based in Barcelona, Spain • Strategic for Vmoto to service Vmoto’s key customers in Europe and to provide spare parts and technical support in a timely and efficient manner • Marketing / PR including part
Slide 13: Future Strategy
Future Strategy For personal use only • Short term, to achieve positive cash flow and increase sales to 8,200 units of scooters per annum being estimated the break-even sales target • Development of Vmoto’s own dealer distribution network in European countries in which it does not currently have a r
Slide 14: Conclusion
Conclusion For personal use only • Significant manufacturing facilities and licences in China, global distribution network and proprietary technology provide the foundation to secure an increased market share in the burgeoning global electric scooter market • Significant barriers to entry for other
Slide 15: Contact
Contact For personal use only Further enquiries? Charles Chen Managing Director M:+86 25 6881 1550 E: charles@vmoto.com.cn Olly Cairns Non-Executive Director T+61 (0)8 6267 9030 E: olly@vmoto.com Blair Sergeant Non-Executive Director T: +61 (0) 9481 1341 E: blair@vmoto.com www.vmoto.com
Slide 16: Appendix
For personal use only Appendix
Slide 17: Vmoto's Market Position
Vmoto’s Market Position For personal use only • Recent study by Pike Research “Pike Pulse Report: Electric Motorcycles and Scooters” published in 1Q 2012 ranks Vmoto as a Top 5 performer globally in the electric motorcycle and scooter industry. • Report validates the market position of Vmoto and as
Slide 18: Electric Market Forecasts
Electric Market Forecasts For personal use only
Slide 19: Global presence
For personal use only Global presence
Slide 20: Vmoto Key Customers
Vmoto Key Customers Name Description For personal use only A prestigious EV company (US) Founded in 1996 and based in Rhode Island, United States. Vmoto OEM this company’s electric scooters for worldwide distribution. E.On (Czech Republic & Sweden) A global top 500 company and has more than 85,000 e
Slide 21: Vmoto Target Customers
Vmoto Target Customers Name Description For personal use only Riba (Brazil) One of the leading EV importers in Brazil Post Malaysia Post services company, transformed from government owned to a business corporation, has over 850 branches and mini post offices throughout Malaysia Belgian Post Group (
Slide 22: Typical sales progression and manufacturing timeline
Typical sales progression and manufacturing timeline For personal use only Description of activity Production, First shipment container and balance order and of payment Scooters local compliance (sometimes deposit from Payments Samples delivery to customer Sign up to six months) from customer Factor
Slide 23: Typical cash flows progression and manufacturing timeline
Typical cash flows progression and manufacturing timeline For personal use only Parts order Parts delivery to Vmoto based on Suppliers production of Shipment to Description of and Vmoto production of sales parts customer activity electric scooters forecast Pay balance payment to Receive 70% supplier
Slide 24: Senior Management
Senior Management China For personal use only • Jackie Wu – Factory General Manager, Manufacturing, R&D (Ex-Honda Sundiro) • Wendy Wang – Factory Vice General Manager (Ex-Honda Sundiro) • Klaus Rheinschmitt – Manager, Quality Controller (Ex Technical Manager E-Max Germany) • Patrick Davin – Presiden
Slide 25: Vmoto Products - "S" Models Electric Scooters
Vmoto Products - “S” Models Electric Scooters For personal use only Picture Model 90S 110S 120S 120SD Battery concept Silicone Silicone Silicone Silicone Battery capacity 4x12v / 40Ah 4x12v / 40Ah 4x12v / 60Ah 4x12v / 60Ah Battery Charging time 4-6 hours 4-6 hours 3-5 hours 3-5 hours Re-charge cycle
Slide 26: Vmoto Products – "L" Models Electric Scooters
Vmoto Products – “L” Models Electric Scooters For personal use only Picture Model 80L 120L 120LD Battery concept Lithium Lithium Lithium Battery capacity 4x12v / 20Ah 4x12v / 104Ah 4x12v / 104Ah Battery Charging time < 3 hours 6-8 hours 6-8 hours Re-charge cycles 800 deep charging 1000 deep charging
Slide 27: Products Plan 2011 - 2013
Products Plan 2011 - 2013 For personal use only E- Scartt D.G.W Diamonds + 125cc+ 8kW 120SV 120L 120LD 120LV 70cc+ 4kW 206 50cc 80L (1/2 cost) 2kW 2011/1/1 2012/1/1 2012/12/31
Slide 28: Vmoto Products – 120SD Main Features
Vmoto Products – 120SD Main Features For personal use only European Design Water-proof LCD speedometer 100L Reverse Function Brushless DC Motor 3 mode shifts Battery pack (4 pieces) Two side stands
Slide 29: Vmoto Products – 80L Main Features
Vmoto Products – 80L Main Features For personal use only European Design Water-proof LCD speedometer LED Lights Alum. Frame Moveable battery pack
Slide 30: Batteries and charging
Batteries and charging For personal use only • Currently silicone & lithium battery packs used – Modular design – High energy density – Intelligent cooling system • Moveable battery packs • On board chargers and smart chargers • Average range – 45km to 130km • Average charging time – 3 to 5 hours •
Slide 31: News flow in the last months
News flow in the last 12 months For personal use only • Increase of AUD2.9m in Nanjing Bank Operating Facility – 10 May 2011 • Response to shareholder letter – 26 May 2011 • New customers and distributors – 9 June 2011 • Further customers – 7 July 2011 • Kaijian Chen and Olly Cairns appointed to Boa