China Harmony Auto Holding Limited · HKEX:3836
China Harmony Auto — China Harmony New Energy Auto Holding — FY2019 Earnings Presentation
25 slides from China Harmony Auto's earnings presentation, Mar 30, 2020
Slide 1: Annual Results Presentation
2019 全年业绩演示材料 Annual Results Presentation 中国和谐新能源汽车控股有限公司 China Harmony New Energy Auto Holding Ltd. 股票代码 Stock Code : 03836.HK
Slide 2: Disclaimer
Disclaimer This presentation material is prepared by China Harmony New Energy Auto Holdings Ltd.(the “Company”) solely for your information only. All or any part of this presentation material may not be taken away, reproduced, redistributed, or retransmitted in any manner. You agree to be bound by t
Slide 3: Directory
3 Business Overview Directory Financial Analysis Future Strategy
Slide 4: Business Overview
4 Business Overview Dealership Business
Slide 5: Dealership Business Performance Highlights
5 Dealership Business丨 Performance Highlights Increased 47.4% Increased 21.5% Increased 31.7% Increased 17.9% .................... .................... Net profit from core Comprehensive income .................... New car sales Aftersales income business reached reached reached Reached 488.9 millio
Slide 6: Dealership Business Brand Portfolio
6 Dealership Business丨 Brand Portfolio Operating 4 ultra-luxury brands ： Bentley / Maserati / Rolls-Royce / Ferrari Operating 10 luxury brands ： BMW /MINI / Lexus / Jaguar / Land Rover Volvo / Zinoro / Alfa Romeo / Lincoln / Audi
Slide 7: Network Development: Network Planning
7 Dealership Business丨 Network Development —— Network Planning .................................................................................. 9 new stores added in 2019 Total number of stores in operation 2 2 1 1 1 1 1 AS of 31 Dec 2019*
Slide 8: Business Development: Network Expansion
8 Dealership Business丨 Business Development —— Network Expansion • Regional distribution of stores authorized to open • 12 new authorizations Henan 6 under construction Inner Mongolia 2 5 Beijing 1 1 3 Hubei1家 Jiangxi 1 1 1 Guangxi 1 1
Slide 9: Network Development: Distribution
Dealership Business丨 9 Network Development —— Distribution Shanxi(3) -BMW Beijing(5) -Bentley -BMW -Maserati Inner -Alfa Romeo Mongolia(5) -BMW Hebei(1) -Lexus Henan (41) -BMW Jiangsu(6) -MINI -Maserati -Lexus Shanxi(2) -Ferrari -Rolls- -Volvo Royce -Alfa Romeo -Rolls-Royce Hubei(3) -BMW -Maserati S
Slide 10: Rapid Growth Of New Car Sales
10 Dealership Business丨 Rapid Growth Of New Car Sales New car sales New car sales revenue 32796 109.1 Unit：vehicles Unit：100 million 26998 93.5 +21.5% +16.7% 2018 2019 2018 2019 New car gross profit Inventory turnover days margin Unit：days 2.96% 44 2.34% 7 0.62% 37 2018 2019 2018 2019
Slide 11: Key Brand Performance
11 Dealership business丨 Key Brand Performance BMW sales in China YoY growth BMW sales from YoY growth （ including MINI） Harmony（including MINI） 717,000 13.1% 25,600 17.4% vehicles vehicles Lexus sales in Lexus sales from YoY growth YoY growth China Harmony 200,000 25.8% 3,821 28.0% vehicles vehicles
Slide 12: Stable growth of aftersales service
12 Dealership Business丨 Stable growth of aftersales service Aftersales revenue Unit: 100 million Gross profit from aftersales service 16.9 7.4 Unit: 100 million 12.8 5.3 +31.7% +39.3% 2018 2019 2018 2019 Gross profit margin from Zero service absorption rate aftersales service Unit: 100 million 80.1%
Slide 13: Finance Leasing and Commission Income
13 Dealership Business丨 Finance Leasing and Commission Income Finance leasing Financial penetration rate Commission income unit：million unit：100 million 23.6 50.5% 3.19 +262.5% +0.4% -6.3% 2.99 6.5 50.1% 2018 2019 2018 2019 2018 2019
Slide 14: Operation Capacity
14 Dealership Business丨 Operation Capacity Lexus & Volvo BMW Zhengzhou Henan Zhongdebao 2019 BMW After-sales Operation Improvement Innovation Star Lexus China Outstanding Dealer in 2019 (for 6 consecutive years) Yuanda Beijing Huadebao 2019 After sales Creative Star for BMW Small Action ∙Making a Bi
Slide 15: Financial Analysis
15 Financial Analysis Financial Performance Income and Gross Profit Margin Cost management and Debt Analysis Comprehensive Financial Overview
Slide 16: Financial Performance
16 Financial Analysis丨 Financial Performance Comprehensive Income Comprehensive Gross profit 129.2 unit：100 million 13.9 Unit：100 million 10.8 +28.8% 109.6 +17.9% 2018 2019 2,018 2,019 Dealer's Business Belonging to Comprehensive Gross Profit Margin Parent Company's Net Profit 10.7% Unit：million 488
Slide 17: Revenue and Gross Profit from Various Sectors
17 Financial analysis丨 Revenue and Gross Profit from Various Sectors Proportion of Revenue from Various Sectors 2018 2019 Year-on-year 3% growth/decrease 13% New car sales revenue 9,353,620 10,912,378 16.7% After-sales service income 1,279,726 1,685,770 31.7% 84% Finance lease income 6,531 23,673 26
Slide 18: Cost Management and Debt Analysis
18 Financial Analysis丨 Cost Management and Debit Analysis Selling Expense Ratio Management Expense Ratio 5.2% 1.5% -0.1% -0.2% 5.0% 1.4% 2018 2019 2018 2019 Asset-Liability Ratio 37.2% -1.3% • As of December 31, 2019, the group's asset-liability ratio (total liabilities/total assets) was 35.9%, down
Slide 19: Comprehensive Financial Overview
19 Financial Analysis丨 Comprehensive Financial Overview January 1, 2019 January 1, 2018 RMB 1 million Yuan Increase/(decrease) Until December 31 Until December 31 Comprehensive income 12,921 10,960 17.9% Commission income 300 319 (6.0%) Comprehensive gross margin 10.7% 9.8% 0.9% Sales management and
Slide 20: Future Strategy
20 Future Strategy Focus on Core Business, Separate Two Branches Focus on Dominant Brands Development Objective of 2020
Slide 21: Focus on Core Business, Separate two branches
Future Strategy丨 Focus on Core Business, Separate two branches Separated, Focus on core Separated, independent business independent 21
Slide 22: Focus on Dominant Brands
Business Strategy丨 Focus on Dominant Brands .................................................................................. ∙Key dominant brands for future development —— Luxury Brands —— —— Ultra Luxury Brands —— 22
Slide 23: Development Objective of 2020
Future Strategy丨Development Objective of 2020 •Self-development goal The development of self-built network increases 15% in the coming year 23
Slide 24: Development Objective of 2020: Merger and Acquisition
Development Strategy丨 Development Objective of 2020-Merger and Acquisition • Target of Mergers and Acquisitions-3 stores have been acquired in January 2020 Ferrari Kunming Bingley Shijiazhuang Audi Beijing • Target of proposed merger and acquisition is currently in deep negotiation and adjustment wi
Slide 25: Thank You!
XY, HARMONY AUTO Ane Thank You! Hong Kong Investor Relation Office Email: hk@hexieauto.com
China Harmony New Energy Auto Holding — FY2019 Earnings Presentation on 6ix