EHang Holdings Ltd. · NASDAQ:EH
EHang — Q2 2021 Earnings Presentation
19 slides from EHang's earnings presentation, Aug 25, 2021
Slide 1: EHang Holdings Limited Q2 2021 Earnings Highlights
EHang Holdings Limited Q2 2021 Earnings Highlights August 25, 2021 1
Slide 2: Disclaimer
Disclaimer These materials have been prepared by EHang Holdings Limited (the “Company”) solely for informational purposes, and have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness, comp
Slide 3: Operational Highlights for Q2 2021
OPERATIONAL HIGHLIGHTS FOR Q2 2021 3
Slide 4: Release of Long-Range VT-30 Passenger-grade AAV to Expand Regional Air Mobility Coverage
Release of Long-Range VT-30 Passenger-grade AAV to Expand Regional Air Mobility Coverage l In May, EHang released the “VT-30”, a new model of electric dual-seat passenger-grade AAV in EHang’s product suite that is designed for inter-city air transportation and complementary to the EHang 216 designed
Slide 5: EH216 AAV's CAAC Type Certification Process Prioritized
EH216 AAV’s CAAC Type Certification Process Prioritized l In January this year, the Civil Aviation Administration of China (“CAAC”) officially accepted EHang’s Type Certification application for the EHang 216 AAV. l Since April, the CAAC’s designated type certification expert team has conducted seve
Slide 6: Continued Trial Flights to Further Demonstrate AAV Technical Strength and UAM Use Cases
Continued Trial Flights to Further Demonstrate AAV Technical Strength and UAM Use Cases l As the first mover and industry leader with strong capabilities of autonomous flying, EHang with local partners continued trial and demo flights with the EHang 216 AAV series at multiple public events showcasin
Slide 7: Recent Developments
RECENT DEVELOPMENTS 7
Slide 8: Completion of EH216F's Technical Examination and Urban Fire Rescue Drills in China
Completion of EH216F’s Technical Examination and Urban Fire Rescue Drills in China l In July, EHang completed a comprehensive 10-month technical examination on the EHang 216F and 52 different types of tests by the China National Fire-Fighting Equipment Quality Supervision Testing Center, which is un
Slide 9: Commencement of Operations in Yunfu Production Facility
Commencement of Operations in Yunfu Production Facility l EHang’s new production facility in Yunfu, China commenced operations in June. It is approximately 24,000 square meters in gross floor area to house the major AAV production processes from manufacturing key components and carbon fiber composit
Slide 10: 100 Air Mobility Routes Initiative
100 Air Mobility Routes Initiative Objective: To implement 100 air mobility routes in 2 years with an initial focus on the Guangdong-Hong Kong-Macao Greater Bay Area of China. Progress: l Expanded a professional air mobility operation team l Targeted 15 self-run operation spots and 21 customer-run o
Slide 11: Financial Highlights for Q2 2021
FINANCIAL HIGHLIGHTS FOR Q2 2021 11
Slide 12: Q2 2021 Financial Highlights
Q2 2021 Financial Highlights • Achieved Record High Quarterly Gross Margin Again (RMB '000) Q2 2021 Q2 2020 YoY Total revenues 12,164 35,700 -65.9% Gross profit 8,267 20,553 -59.8% Gross margin 68.0% 57.6% 10.4Pp 2) Adjusted gross profit 1) 8,267 20,553 -59.8% Adjusted gross margin 1) 68.0% 57.6% 10
Slide 13: Q2 2021 Financial Performance: Total Revenues, Gross Profit
Q2 2021 Financial Performance Total Revenues Gross Profit RMB '000 RMB '000 40,000 30,000 70.0% 35,700 68.0% 30,000 65.0% 20,553 20,000 20,000 60.0% 57.6% 12,164 10,000 8,267 10,000 55.0% 0 0 50.0% Q2 2020 Q2 2021 Q2 2020 Q2 2021 Total Revenues Gross Profit Gross Margin % 13
Slide 14: Q2 2021 Financial Performance (Adjusted)
Q2 2021 Financial Performance (Adjusted) OPEX (Adjusted) Operating Loss (Adjusted) Net Loss RMB '000 RMB '000 RMB '000 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 0 0.0% 0 0.0% 0 0.0% -32.8% -31.2% -53.7% -55.3% -99.2% (11,147) (11,716) -121.7% -200.0% (20,000) -200.0% (20,000) -200.0% (19,159)
Slide 15: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (RMB '000) As of December 31, 2020 As of June 30, 2021 Current assets: Cash and cash equivalents 137,840 319,919 Restricted cash 2,333 - Short-term investments 49,271 86,561 Accounts receivable 163,146 111,079 Cost and estimated earnings in excess of b
Slide 16: Unaudited Condensed Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (RMB '000) 2020 Q2 2021 Q1 2021 Q2 2020 H1 2021 H1 Total revenues 35,700 22,977 12,164 54,518 35,141 Costs of revenues (15,147) (8,451) (3,897) (22,811) (12,348) Gross profit 20,553 14,526 8,267 31,707 22,793 Operating expenses: Sales
Slide 17: Unaudited Condensed Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows (RMB '000) 2020 Q2 2021 Q1 2021 Q2 2020 H1 2021 H1 CASH FLOWS FROM OPERATING ACTIVITIES Net loss (19,728) (62,525) (74,593) (40,134) (137,118) Adjustments to reconcile net loss to net cash used in operating activities: Share-based compensatio
Slide 18: Investment Highlights
Investment Highlights World’s First Publicly Traded Urban Air Mobility Company Massive, Fast-growing Target Market Ready for True Disruption Global Market Leader and First Mover of Commercialization Ahead of Competition World’s Leading Scalable Urban Air Mobility Platform with Integrated Product Sui
Slide 19: Thank You
Thank You www.ehang.com Investor Contact: ir@ehang.com 19