Slide 1: Phoenix Motor Inc Investor Presentation, August 2023
Phoenix Motor Inc Investor Presentation, August 2023
Slide 2: Disclaimer & Safe Harbor Statement
DISCLAIMER& SAFE HARBOR STATEMENT This presentation (together with oral statements made in connection herewith, this “Presentation”) is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be
Slide 3: Executive Summary: Who We Are
TWO BRANDS • Established in 2003, approaching 20 years of EV experience • 50+ customers and over 100 vehicles deployed • Over 4 million miles on the road COMMERCIAL VEHICLES LIGHT DUTY VEHICLES • Company launched in 2020 - Pickup Truck and Delivery Vans • Pickup Truck and Delivery Vans show-cars deb
Slide 4: Where Do We Want To Be
Phoenix Motor Inc. | Page 4 Where Do We Want To Be SHUTTLE BUSES SCHOOL BUSES WORK TRUCKS CITY DELIVERY LAST MILE DELIVERY PICKUP TRUCKS To Be An Industry Leader in Sustainable Transportation with Focus on Developing • Intelligent • Energy Efficient • Innovative Design
Slide 5: Investment Highlights
Phoenix Motor Inc. | Page 5 Investment Highlights The company has a stable and loyal customer network The company has a unique scalable and asset-light business model The company has a devoted and innovative management team The company has patent applied for technologies in new generation of pickup
Slide 6: We are an Industry Pioneer Developing Consumer and Commercial EVs
Phoenix Motor Inc. | Page 6 We are an Industry Pioneer Developing Consumer and Commercial EVs 2003 Founded in 2003 in California 2007 Phoenix all-electric pickup truck showcased to President George W Bush at the White House in February 2007 2010 Developing cutting edge zero emission drivetrains for
Slide 7: We Offer a Comprehensive Product & Service Line
Phoenix Motor Inc. | Page 7 We Offer a Comprehensive Product & Service Line We sell products both integrated into complete vehicles and in kit form to other entities Commercial EV Infrastructure Solutions Consumer & Commercial Medium Duty EVs Industry Leading All-Electric Trucks, Shuttle Buses & Sch
Slide 8: We Are Focused On our prototype Light Duty Electric Solar Pickup Trucks
Phoenix Motor Inc. | Page 8 We Are Focused On our prototype Light Duty Electric Solar Pickup Trucks PICKUP TRUCK Solar Area (m2) Production Hourly(kwh) Pickup truck roof solar panel 1.93 0.31 Pickup truck armadillo solar panel 1.95 0.31 Dash active solar panel 0.5 0.08 Total without armadillo 2.43 0
Slide 9: Innovative Flex Platform
Innovative Flex Platform Multiple wheelbase and body configurations Phoenix Motor Inc. | Page 9 Our prototype Light Duty Electric Solar Vans Have Unique Features • Flexible Configurations including multiple wheelbase and roof height options • Developing Point2Point Autonomous Driving • Spacious carg
Slide 10: Our All-electric Medium Duty Vehicles Are Built In the USA
Phoenix Motor Inc. | Page 10 Our All-electric Medium Duty Vehicles Are Built In the USA Up to 24 Seats Capacity Multiple Seating Configurations: ▪ Perimeter seating ▪ Forward facing seats ▪ ADA wheelchair access ▪ Luggage racks ▪ All accessories available on ICE shuttles ELECTRIC SHUTTLE BUS • Up to
Slide 11: We Make and Develop Medium Duty EV's
Phoenix Motor Inc. | Page 11 We Make and Develop Medium Duty EV’s 2014 2019 2021 2023 2024 GROUND-UP DESIGN Purpose built EV chassis & vehicles for Class 3 – 6 medium-duty segment GEN-4 Significant Cost Efficiencies Supporting Volume Growth GEN-3 Modular Battery Packs with Liquid Cooling – Up to 160
Slide 12: We Offer One Stop Shop Solution: EV Charging
Phoenix Motor Inc. | Page 12 We Offer One Stop Shop Solution: EV Charging Offering a one-stop-solution to customers while leveraging relationships with existing EV customers Targeting both commercial and consumer customers Cooperating with leading Electric vehicle supply equipment & charging technol
Slide 13: The Key to Our Success: Asset Light Production Model and Process
Phoenix Motor Inc. | Page 13 The Key to Our Success: Asset Light Production Model and Process Maximize Current Capacity Maximize output at current Anaheim, CA location through process optimization Leverage Other Facilities Leverage other facilities to increase output capacity through 2022 and beyond
Slide 14: Our Ground Up Medium Duty Electric Chassis Under Development
Phoenix Motor Inc. | Page 14 Our Ground Up Medium Duty Electric Chassis Under Development – Improved Cost, Efficiency, Performance and Manufacturing Volumes - Enable Mass Adoption MODULAR ENERGY ON DEMAND ▪ Base battery + Modular Extender Battery ▪ Fuel Cell range extender – Post launch CHARGING DIV
Slide 15: Professional Management Team with Cross-industry Experience
Phoenix Motor Inc. | Page 15 Professional Management Team with Cross-industry Experience Chris Wang CFO 20+ years of leadership experience. Previous CEO of Redwood Group Int’l, partner with SAIF Xinhuihuang Asset Management and former President and CFO of Fushi Copperweld, Inc. MBA from Univ of Roch
Slide 16: Financial Highlights
Phoenix Motor Inc. | Page 16 Financial Highlights 3,990 4,509 2,977 4,330 - 1,000 2,000 3,000 4,000 5,000 2019 2020 2021 2022 Net Revenue ($ thousand) (298) (421) (563) (820) (1,000) (800) (600) (400) (200) - 2019 2020 2021 2022 Gross Loss ($ thousand) (5,973) (4,665) (14,614) (12,705) (16,000) (12,
Slide 17: Our Strong Backlog Orders Enhance Our Earnings Visibility
Phoenix Motor Inc. | Page 17 Our Strong Backlog Orders Enhance Our Earnings Visibility Current customers for our line of zero-emission shuttle buses, school buses and trucks Customer Base Major Airports Airport Parking Hotel Chains School Districts Universities Municipalities Corporations 78 ORDERS
Slide 18: Investment Recap
Phoenix Motor Inc. | Page 18 Investment Recap The company has a stable and loyal customer network The company has a unique scalable and asset-light business model The company has a devoted and innovative management team The company has patent applied for technologies in new generation of pickup & de
Slide 19: Mark Hastings Senior Vice President of Corporate Development & Strategy Head of Investor Relations
Mark Hastings Senior Vice President of Corporate Development & Strategy Head of Investor Relations markh@phoenixmotorcars.com Chris Wang CFO chrisw@phoenixmotorcars.com Denton Peng CEO denton.peng@spigroups.com phoenixmotorcars.com edisonfuture.com Phoenix Motor Inc. | Page 19
Slide 20: Appendix
Appendix Phoenix Motor Inc. | Page 20
Slide 21: Medium Duty Vehicles: Asset Light Business Model
Phoenix Medium Duty Vehicles: Gen 4 1. Asset Light Business Model: The “asset light” business model extends both upstream to suppliers and downstream to manufacturing partners: • Upstream – we leverage our strategic partnerships with R&D partners and engineering service suppliers. • Downstream – we
Slide 22: Recent Strategic Partnerships
Recent Strategic Partnerships As a result of Phoenix Executive Management Team’s deep experience & relationships within the EV sphere, the Company has established strategic relationships with many of the leading participants in the global EV industry. CATL (Contemporary Amperex Technology Company) •
Slide 23: Board of Directors
Phoenix Motor Inc. | Page 23 Board of Directors