Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q3 2024 Earnings Presentation
22 slides from Ecarx's earnings presentation, Nov 7, 2024
Slide 1: Third Quarter 2024 Financial Results
Third Quarter 2024 Financial Results November 7, 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements 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 This presentation con
Slide 3: 2024 Q3 Highlights
ecar >< 2024 Q3 Highlights
Slide 4: Q3 Revenue, Products in Vehicles, Gross Profit, OEMs Served
Enable & accelerate the global leading automotive intelligent solutions Q3 Revenue Product in Vehicles Q3 Gross Profit Serving 17 OEMs across 1,425 mn 7.3mn+ 248 mn 26 vehicle brands Up 31% YoY As of September 30, 2024 GM 17% As of September 30, 2024 Currency in Chinese Yuan (RMB) All copyright shal
Slide 5: Products & Operations
ecar >< Products & 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: ECARX full stack products matrix
ECARX full stack products matrix SoC Software Platform Domain Controllers Lidar Central Computers 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.ecarx
Slide 8: Differentiated partnership ecosystem for innovation and growth
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 9: Vehicle Launches
ecar >< Vehicle Launches
Slide 10: Makalu Computing Platform for Lynk & Co Z10 cockpit
ECARX Makalu Computing Platform empowers a new breakthrough in the intelligent cockpit experience for Lynk & Co Z10 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 viola
Slide 11: Makalu platform powering smart OS and premium cockpit
Powerful performance foundation empowered by Makalu computing platform, ECARX and smart together to enhance the smart OS and create most advanced and premium intelligent cockpit solution All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way
Slide 12: Galaxy E5
Leveraging our high-performance computing platform and ecosystem of partnerships, we delivered an advanced intelligent experience for Geely Galaxy E5; 30,000 units sold within first two months of launch May 2024 Galaxy E5 All copyright shall belong to ECARX. No person shall copy or distribute any or
Slide 13: Adaptive solutions powering the Lynk & Co Z20
ECARX's highly adaptive solutions set new benchmarks in powering the Lynk & Co Z20 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 13
Slide 14: Financials
ecar >< Financials
Slide 15: Quarterly financial performance
Quarterly financial performance Total revenue (RMBm) Gross profit (RMBm) 22%1 Gross 17% 30.6% 23% 22% 23% Margin 1,869 432 31%1 463 31%1 1,425 331 50%1 93 161 1,258 84 292 21%1 1,080 257 248 209 928 57 96 205 137 75 1,313 1,180 944 734 757 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q4 2023 Q1 2
Slide 16: Q&A
ecar >< Q&A
Slide 17: Appendix
ecar >< Appendix
Slide 18: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of December As of September 30 31 (Unaudited) As of December As of September 30 31 (Unaudited) 2023 2024 Millions, except otherwise noted 2023 2024 RMB RMB US$ RMB RMB US$ LIABILITIES ASSETS Current liabilities Current assets Short-term borrowings 1
Slide 19: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of December As of September 30 31 (Unaudited) Millions, except otherwise noted 2023 2024 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 6,096.7 6,201.6 883.7 Accumulated deficit (6,670.7) (7,566.7) (1,078.2) Accum
Slide 20: Unaudited Consolidated statements of operations and comprehensive loss
Unaudited Consolidated statements of operations and comprehensive loss Nine Months Ended Three Months Ended Nine Months Ended Three Months Ended September 30 September 30 September 30 September 30 (Unaudited) (Unaudited) (Unaudited) (Unaudited) 2023 2024 2023 2024 Millions, except otherwise noted 20
Slide 21: 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 22: 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.