Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q3 2023 Earnings Presentation
21 slides from Ecarx's earnings presentation, Nov 9, 2023
Slide 1: Third Quarter 2023 Financial Results
Third Quarter 2023 Financial Results November 9, 2023
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: Mobility-tech provider, with solid R&D credentials
Mobility-tech provider, with solid R&D credentials Revenue Gross Profit 1,080mn 331mn Up 50% YoY GM 31% Products in Vehicles Employees Engineers 5.6mn+ 2,000+ 70% As of Sep 30, 2023 Currency in Chinese Yuan (RMB) All copyright shall belong to ECARX. No person shall copy or distribute any or all part
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: Gaining customer traction for our digital cockpits
Gaining customer traction for our digital cockpits Antora Series ECARX Antora ECARX Antora ECARX Makalu ECARX Skyland Pro 1000 1000 Pro Intelligent cockpit ADAS platform Intelligent cockpit Intelligent cockpit computing platform computing platform computing platform Flagship SoC Flagship SoC Equippe
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 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 violatio
Slide 9: Lynk & Co 08 – full ECARX product stack included
Lynk &Co 08 – full ECARX product stack included ECARX Antora 1000 Pro Flyme Auto ADAS Level 2+ Capabilities 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. |
Slide 10: The heart of a differentiated partnership ecosystem, designed 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 11: Financials
ecar >< Financials
Slide 12: Q3 2023: Robust growth and improved profitability
Q3 2023: Robust growth and improved profitability Currency in Chinese Yuan (RMB) Revenue Gross Profit 1,080mn 331mn +50% yoy GM 31% Adj. EBITDA1 Loss per ordinary share2 (179)mn (0.79) Improved by 2mn yoy Improved by 47% yoy 1) Non-GAAP. Adjusted EBITDA is defined as net loss excluding interest inco
Slide 13: Highlight Summary
ecar >< Highlight Summary
Slide 14: Highlight summary
Highlight summary 1 Industry trends are accelerating and powering strong sectorial growth 2 We operate in a large and growing market 3 Customer base has further expanded beyond the Geely Group 4 Investing significant resources into bolstering international business and presence 5 Differentiated tech
Slide 15: Q&A
ecar >< O&A
Slide 16: Appendix
ecar >< Appendix
Slide 17: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of September 30 As of As of September 30 December 31 (Unaudited) December 31 (Unaudited) Millions, otherwise noted 2022 2023 2022 2023 RMB RMB US$ RMB RMB US$ ASSETS LIABILITIES Current assets Current liabilities Cash 860.5 635.1 87.0 Short-term borrowi
Slide 18: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of September 30 December 31 (Unaudited) Millions, otherwise noted 2022 2023 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 5,919.7 6,041.1 828.0 Accumulated deficit (5,730.2) (6,375.5) (873.8) Accumulated other compre
Slide 19: Consolidated statements of operations and comprehensive loss
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) Millions, otherwise noted 2022 2023 2022 2023 2022 2023 2022 2023
Slide 20: 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 21: 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.