EHang Holdings Ltd. · NASDAQ:EH
EHang — Q1 2021 Earnings Presentation
17 slides from EHang's earnings presentation, Aug 25, 2021
Slide 1: EHang Holdings Limited Q1 2021 Earnings Highlights
EHang Holdings Limited Q1 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 Q1 2021
OPERATIONAL HIGHLIGHTS FOR Q1 2021 3
Slide 4: Trial Flights to Initiate a UAM Plan in the Hengqin New Area in Southern China
Trial Flights to Initiate a UAM Plan in the Hengqin New Area in Southern China l In January, EHang announced strategic partnerships with local partners to jointly initiate trial air mobility operations in the Hengqin New Area (“Hengqin”), the largest of the islands surrounding Zhuhai city in the Gua
Slide 5: Trial Flights of Passenger-grade AAVs for the First Time in Beijing
Trial Flights of Passenger-grade AAVs for the First Time in Beijing l In February, EHang completed trial flights of the EHang 216 in Beijing in a cold weather at an air temperature of minus 14 degrees Celsius to demonstrate the safety, reliability and environmental adaptability of its cutting-edge A
Slide 6: Participation in a Series of UAM Projects Supported by the European Union
Participation in a Series of UAM Projects Supported by the European Union l In January and February, as a pioneer of cutting-edge AAV products and technological solutions, EHang was selected to participate in a series of UAM projects supported by the European Union to demonstrate ways to achieve saf
Slide 7: Partnership with Giancarlo Zema Design Group to Build an Eco-sustainable Vertiport in Italy
Partnership with Giancarlo Zema Design Group to Build an Eco-sustainable Vertiport in Italy l In March, EHang entered into a partnership with Giancarlo Zema Design Group (“GZDG”), a leading Italian architecture firm. GZDG has designed and intends to build an eco-sustainable vertiport in Italy using
Slide 8: Partnership with Dongfeng USharing to Co-develop Mobility Services Leveraging AAV
Partnership with Dongfeng USharing to Co-develop a Solution for Seamlessly-Connected Mobility Services Leveraging AAV Technologies l In March, EHang entered into a partnership with Dongfeng USharing Technology Co., Ltd., a subsidiary of Dongfeng Motor Corporation (a Fortune Global 500 company and on
Slide 9: Financial Highlights for Q1 2021
FINANCIAL HIGHLIGHTS FOR Q1 2021 9
Slide 10: Q1 2021 Financial Highlights
Q1 2021 Financial Highlights • Achieved Quarterly Positive Operating Cash Flow Again • Maintained High Quarterly Gross Margin (RMB '000) Q1 2021 Q1 2020 YoY Total revenues 22,977 18,818 22.1% Gross profit 14,526 11,154 30.2% Gross margin 63.2% 59.3% 3.9Pp 2) Adjusted gross profit 1) 14,526 11,154 30
Slide 11: Q1 2021 Financial Performance: Total Revenues, Gross Profit
Q1 2021 Financial Performance Total Revenues Gross Profit RMB '000 RMB '000 15,000 14,526 70.0% 25,000 22.1% YoY 22,977 20,000 18,818 11,154 65.0% 63.2% 10,000 15,000 59.3% 60.0% 10,000 5,000 55.0% 5,000 0 0 50.0% Q1 2020 Q1 2021 Q1 2020 Q1 2021 Total Revenues Gross Profit Gross Margin % 11
Slide 12: Q1 2021 Financial Performance: Adjusted OPEX, Operating Loss, Net Loss
Q1 2021 Financial Performance (Adjusted) OPEX (Adjusted) Operating Loss (Adjusted) Net Loss RMB '000 RMB '000 RMB '000 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 0 0.0% 0 0.0% 0 0.0% -59.4% -100.0% -102.0% -75.4% -98.2% -165.3% -112.2% -108.4% (13,654) -150.3% (20,000) (17,335) -100.0% (20,000)
Slide 13: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (RMB '000) As of December 31, 2020 As of March 31, 2021 Current assets: Cash and cash equivalents 137,840 462,474 Restricted cash 2,333 - Short-term investments 49,271 18,000 Accounts receivable 163,146 95,709 Cost and estimated earnings in excess of b
Slide 14: Unaudited Condensed Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (RMB '000) 2020 Q1 2020 Q4 2021 Q1 Total revenues 18,818 54,595 22,977 Costs of revenues (7,664) (22,145) (8,451) Gross profit 11,154 32,450 14,526 Operating expenses: Sales and marketing expenses (5,776) (13,848) (9,486) General and
Slide 15: Unaudited Condensed Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows (RMB '000) 2020 Q1 2020 Q4 2021 Q1 CASH FLOWS FROM OPERATING ACTIVITIES Net loss (20,406) (50,843) (62,525) Adjustments to reconcile net loss to net cash used in operating activities: Share-based compensation 1,936 38,571 48,871 Allowance for
Slide 16: 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 17: Thank You
Thank You www.ehang.com Investor Contact: ir@ehang.com 17