Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — SPAC Merger (November 2022)
32 slides from Ecarx's SPAC merger presentation, Nov 21, 2022
Slide 1: Investor Presentation November 2022
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Investor Presentation November 2022
Slide 2: Disclaimer
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEAS
Slide 3: Disclaimer: Forward-Looking Statements
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Disclaimer Forward - Looking Statements This Presentation contains certain forward -
Slide 4: Disclaimer
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Disclaimer This Presentation contains financial forecasts for the Company with respect
Slide 5: Agenda
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com TECHNOLOGY 02 STRATEGY 03 01 COMPANY TRANSACTION 04 05 FINANCIALS
Slide 6: Transaction
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com 01
Slide 7: Transaction Overview
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Transaction Overview • Pro Forma Equity Value of $3.8bn 2 • Pre - Money Enterprise Va
Slide 8: COVA Acquisition Corp.
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com COVA Acquisition Corp .. Jun Hong Heng Chairman, CEO K.V. Dhillon President, Secretar
Slide 9: Company
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com 02
Slide 10: ECARX company overview
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Co - founded in 201 7 by renowned Chinese entrepreneurs Mr. Eric Li (Li Shufu ) and M
Slide 11: ECARX is led by a highly experienced international team
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Peter Rogbrant Common OS Brook Zhang Head of China Product Development President of C
Slide 12: ECARX provides a unique investment opportunity
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com ECARX provides a unique investment opportunity 1. Operational data as of June 30 , 20
Slide 13: The shift towards next-gen vehicle technologies creates a large and growing market opportunity
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com The shift towards next - gen vehicle technologies creates a large and growing market
Slide 14: Technology
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com 03
Slide 15: ECARX is developing a vertically-integrated, full-stack automotive technology platform
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Technology ECARX is developing a vertically - integrated, full - stack automotive tec
Slide 16: ECARX combines SoC and OS technology with a unique software stack
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com ECARX combines SoC and OS technology with a unique software stack Operating System So
Slide 17: System on a Chip roadmap
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com System on a Chip ("SoC") ECARX is implementing a fast and robust SoC technology devel
Slide 18: Operating System Technology
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Operating System Technology ECARX Hypervisor • Integrate heterogeneous processing uni
Slide 19: Software Stack Technology
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Software Stack Technology Digital Cockpit 3.7mm+ customers are already experiencing E
Slide 20: Strategy
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com 04
Slide 21: ECARX's unique go-to-market strategy
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Geely Auto 7 Brands + Ecosystem 8 Brands ECARX's unique go - to - market strategy cre
Slide 22: Significant global momentum with ECARX technologies
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Significant global momentum with ECARX technologies embedded in next generation vehic
Slide 23: Financials
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com 05
Slide 24: Revenue Growth and Diversification
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Revenue Growth and Diversification 74 % 57% 44% 7% 18% 30% 19% 25 % 26 % $415mm $539m
Slide 25: Adjusted EBITDA
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Adjusted EBITDA FYE December ($mm) 2021A 2022E 2023E 2024E Gross Profit 122 167 266 4
Slide 26: ECARX provides a unique investment opportunity
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com ECARX provides a unique investment opportunity 3.7mm vehicles equipped with ECARX tec
Slide 27: Selected Public References
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Selected Public References Enterprise Value EV/Revenue 2023E 1,2 EV/Revenue 2024E 1,2
Slide 28: Transaction Overview
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com 7.9% 2.0% 1.2% 89.0% Public Shareholders COVA Sponsor Strategic and Other Financings
Slide 29: Appendix
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com
Slide 30: Risk Factors: Business and Industry
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Risk Factors Risks Relating to ECARX's Business and Industry 1. ECARX has a limited o
Slide 31: Risk Factors: Intellectual Property
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com Risk Factors Risks Relating to Intellectual Property 1. ECARX may need to defend itse
Slide 32: About ECARX
All copyrights shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve th e r ight to take legal action against such violations. | www.ecarxgroup.com About ECARX ECARX is transforming vehicles into seamlessly integrated information, co