Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q4 2023 Earnings Presentation
20 slides from Ecarx's earnings presentation, Feb 28, 2024
Slide 1: Fourth Quarter and Full Year 2023 Financial Results
Fourth Quarter and Full Year 2023 Financial Results February 28, 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 Q4 Revenue Q4 Gross Profit Products in Vehicles 1.87 bn 6mn+ Up 22% YoY GM 23% As of Dec 31, 2023 FY23 Revenue FY23 Gross Profit Serving 16 OEMs across 4.67 bn 25 vehicle brands Up 31% YoY GM 27% As of Dec 31, 2023 Currency in C
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 Kuala Lumpur, Malaysia Wuhan, China San Diego, USA Stuttgart, Germany Hangzhou, China All copyright shall belong to ECARX. No person shall copy or distribute any or all par
Slide 7: Portfolio of current and next-gen flagship computing platforms
Portfolio of current and next-gen flagship computing platforms Antora 1000 Antora 1000 Pro Makalu Skyland Pro Super Brain Intelligent cockpit Intelligent cockpit Intelligent cockpit ADAS computing platform Central computing platform computing platform computing platform computing platform Flagship S
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: 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 10: Financials
ecar >< Financials
Slide 11: Quarterly financial performance
Quarterly financial performance Total revenue (RMBm) Gross profit (RMBm) 22%1 Gross 28.0% 27.6% 31.3% 30.6% 23% Margin 1,869 44%1 428 432 1,527 50%1 331 45%1 298 1,080 16%1 952 211 763 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 1. YoY change All copyright shall b
Slide 12: Highlight Summary
ecar >< Highlight Summary
Slide 13: Highlight summary
Highlight summary 1 We operate in a large and growing market that EV and software defined vehicles continue to grow Growing international network of customers and partners beyond Geely 2 Group and China 3 Strong pipeline of new vehicle launches featuring ECARX products in next 18 months 4 Record-hig
Slide 14: Q&A
ecar >< O&A
Slide 15: Appendix
ecar >< Appendix
Slide 16: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of As of December 31 As of December 31 December 31 December 31 (Unaudited) (Unaudited) (Unaudited) 2022 2023 Millions, otherwise noted 2022 2023 RMB RMB US$ RMB RMB US$ LIABILITIES ASSETS Current liabilities Current assets Short-term borrowings 870.0 1,
Slide 17: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of December 31 December 31 (Unaudited) (Unaudited) Millions, otherwise noted 2022 2023 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 5,919.7 6,093.7 858.3 Accumulated deficit (5,730.2) (6,670.4) (939.5) Accumulated o
Slide 18: Consolidated statements of operations and comprehensive loss
Consolidated statements of operations and comprehensive loss Three months Ended Year Ended Three months Ended Year Ended December 31 December 31 December 31 December 31 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Millions, otherwise noted 2022 2023 2022 2023 2022 2023 2022 2023 RMB RMB US$ RMB R
Slide 19: 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 20: 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.