Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q1 2025 Earnings Presentation
24 slides from Ecarx's earnings presentation, Apr 30, 2025
Slide 1: First Quarter 2025 Financial Results
First Quarter 2025 Financial Results April 30, 2025
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: 2025 Q1 Highlights
ecar >< 2025 Q1 Highlights
Slide 4: Q1 revenue, vehicles and gross profit highlights
Enable & accelerate the global leading automotive intelligent solutions Q1 Revenue Product in Vehicles Q1 Gross Profit Serving 18 OEMs across 168.5 mn 8.7mn+ 33.5 mn 28 vehicle brands Up 30% YoY As of March 31, 2025 GM 20% As of March 31, 2025 Currency in US Dollars (USD) All copyright shall belong
Slide 5: Products & Operations
ecar >< Products & Operations
Slide 6: Major presence across three continents
Major presence across three continents Gothenburg San Diego, CA • Cockpit R&D and delivery • R&D center Shanghai - HQ • AD R&D center • AI R&D center • Big data, algorithm, cloud • Advanced research product and London - EU HQ technology R&D • EU operation center where our • Automotive SoC R&D execut
Slide 7: ECARX main full-stack computing roadmap
ECARX main full-stack computing roadmap 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 7
Slide 8: ECARX Cloudpeak software solution
ECARX Cloudpeak software solution Flexible and open SOA architecture design completely releases hardware performance, providing customizable cross domain software development solutions. All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way.
Slide 9: All copyright shall belong to ECARX. No person shall copy or distribute any or
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 9
Slide 10: Strong position from diversified and growing customer base
Strong position from diversified and growing customer base Chinese Brands Global Brands 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: Vehicle Launches
ecar >< Vehicle Launches
Slide 12: Tiangong 05
In-vehicle AI LLM DeepSeek-R1 fully adapted Empowered by ECARX’s comprehensive software & hardware ecosystem, FAW Hongqi has established a pioneering position in the industry Tiangong 05 All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way
Slide 13: Tiangong 06
Superior functional safety built on hard-isolation, cross-domain safety hub Intelligent, premium experience powered by immersive surrounding realities and integrated delivery April 2025 Tiangong 06
Slide 14: Galaxy E8 Xingyao 8 EM
ECARX Skyland Pro ADAS Solution is now integrated into Geely’s G-Pilot system，launched with Galaxy E8 and Xingyao 8 EM January 2025 April 2025 Galaxy E8 Xingyao 8 EM Geely Galaxy All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX
Slide 15: Financials
ecar >< Financials
Slide 16: Quarterly financial performance
Quarterly financial performance Total revenue (USDm) Gross profit (USDm) Gross 17% 23% 21% 20% 4%1 Margin 56 266 31%1 45 31%1 203 12 30%1 40 23 173 169 35 12 34 35 22 8 26 209 168 130 121 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 1. YoY change Sales of Goods Revenue Software Li
Slide 17: Quarterly financial performance (continued)
Quarterly financial performance (continued) Adjusted EBITDA (USDm) Net loss (USDm) Adjusted EBITDA (17%) (16%) 4% （9%） Net (24%) (24%) (2%) （16%） Margin Margin 10 (5) (27) (14) (42) (29) (48) (33) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 All copyright shall belong to ECARX. No
Slide 18: Q&A
ecar >< Q&A
Slide 19: Appendix
ecar >< Appendix
Slide 20: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of December As of March 31 31 As of (Unaudited) (Unaudited) December 31 As of March 31 (Unaudited) (Unaudited) 2024 2025 Millions, except otherwise noted 2024 2025 RMB RMB US$ RMB RMB US$ LIABILITIES ASSETS Current liabilities Current assets Short-t
Slide 21: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of December 31 As of March 31 (Unaudited) (Unaudited) Millions, except otherwise noted 2024 2025 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 6,214.3 6,543.9 901.8 Treasury shares, at cost (7.4) (68.9) (9.5) Acc
Slide 22: Unaudited Consolidated statements of operations and comprehensive loss
Unaudited Consolidated statements of operations and comprehensive loss Three Months Ended March 31 (Unaudited) Three Months Ended March 31 2024 2025 (Unaudited) RMB RMB US$ Millions, except otherwise noted 2024 2025 RMB RMB US$ Foreign currency exchange gains/(losses) 0.3 (2.8) (0.4) Revenue Others,
Slide 23: 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 24: 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.