Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q1 2024 Earnings Presentation
21 slides from Ecarx's earnings presentation, May 20, 2024
Slide 1: First Quarter 2024 Financial Results
First Quarter 2024 Financial Results May 20, 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements Non-GAAP Financial Measure This presentation contains statements that are forward-looking statements within the meaning of the U.S. We use adjusted EBITDA in evaluating our operating results and for financial and operational decision- Private Securities Litigat
Slide 3: Strategy
ecar >< Strategy
Slide 4: Enable & accelerate the global leading automotive intelligent solutions
Enable & accelerate the global leading automotive intelligent solutions Q1 Revenue Product in Vehicles Q1 Gross Profit Serving 17 OEMs 927.9 mn 205.3 mn across 26 vehicle Up 21% YoY As of Mar 31, 2024 GM 22% brands As of Mar 31, 2024 Currency in Chinese Yuan (RMB) All copyright shall belong to ECARX
Slide 5: Operations
ecar >< Operations
Slide 6: Major presence across three continents
Major presence across three continents Chengdu, China London, UK Gothenburg, Sweden Suzhou, China Dalian, China Shanghai, China Hong Kong, China Kuala Lumpur, Malaysia Wuhan, China San Diego, USA Stuttgart, Germany Hangzhou, China All copyright shall belong to ECARX. No person shall copy or distribu
Slide 7: Portfolio of current and next-gen flagship computing platforms
Portfolio of current and next-gen flagship computing platforms Evolution of E/E architecture Intelligent Cockpit Computing Platform ADAS Computing Platform Antora 1000 Antora 1000 Pro Makalu Skyland Pro computing platform computing platform computing platform ADAS computing platform Domain centraliz
Slide 8: Volvo EX30 – Google GAS certified ECARX intelligent cockpit included
Volvo EX30 – Google GAS certified ECARX intelligent cockpit included Cloudpeak intelligent cockpit OS Google GAS certified All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against suc
Slide 9: Polestar 4 – Equipped with ECARX full stack intelligent cockpit solutions
Polestar 4 – Equipped with ECARX full stack intelligent cockpit solutions and customized Polestar OS Flyme Services for China Google Automotive Services for international markets All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX
Slide 10: The heart of a differentiated partnership ecosystem
The heart of a differentiated partnership ecosystem, designed for innovation and growth All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com
Slide 11: Financials
ecar >< Financials
Slide 12: Quarterly financial performance
Quarterly financial performance Total revenue (RMBm) Gross profit (RMBm) 22%1 Gross 27.6% 31.3% 30.6% 23% 22% Margin 1,869 432 331 50%1 298 45%1 21%1 1,080 16%1 952 928 211 205 763 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 1. YoY change All copyright shall belon
Slide 13: Highlight Summary
ecar >< Highlight Summary
Slide 14: Highlight summary
Highlight summary 1 Large and growing market for software-defined vehicles is reshaping the auto industry (EVs & ICE) Strong growth momentum with revenue increasing 21% YoY in 1Q2024 2 supported by a solid pipeline of vehicle launches 3 Unique ecosystem of global partnerships driving further growth
Slide 15: Q&A
ecar >< O&A
Slide 16: Appendix
ecar >< Appendix
Slide 17: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of March 31 December 31 (Unaudited) As of As of March 31 2023 2024 December 31 (Unaudited) (Unaudited) RMB RMB US$ Millions, otherwise noted 2023 2024 LIABILITIES RMB RMB US$ Current liabilities ASSETS Short-term borrowings 1,200.0 1,200.0 166.2 Current
Slide 18: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of March 31 December 31 (Unaudited) (Unaudited) Millions, otherwise noted 2023 2024 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 6,093.7 6,118.8 847.4 Accumulated deficit (6,670.4) (6,955.1) (963.3) Accumulated othe
Slide 19: Consolidated statements of operations and comprehensive loss
Consolidated statements of operations and comprehensive loss Three months Ended March 31 (Unaudited) Three months Ended March 31 2023 2024 (Unaudited) RMB RMB US$ Millions, otherwise noted 2023 2024 RMB RMB US$ Foreign currency exchange gains/(losses) 2.2 (0.1) — Revenue Others, net 14.2 (13.7) (1.9
Slide 20: Unaudited Reconciliation of GAAP and Non-GAAP Results
Unaudited Reconciliation of GAAP and Non-GAAP Results We use adjusted EBITDA in evaluating our operating results and for financial and operational decision-making purposes. Adjusted EBITDA is defined as net loss excluding interest income, interest expense, income tax expenses, depreciation of proper
Slide 21: Thank you.
Thank you. ECARX Holdings, Inc. www.ecarxgroup.com ir@ecarxgroup.com All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations.