Cheche Group Inc. · NASDAQ:CCG
Cheche — Q4 2023 Earnings Presentation
20 slides from Cheche's earnings presentation, March 2024
Slide 1: Cheche Group Fourth Quarter & Full Year 2023 Earnings Presentation
CHECHE GROUP Fourth Quarter & Full Year Ended 2023 Earnings Presentation Technology Enables Better Lives
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “projec
Slide 3: Cheche at a Glance
CHECHE AT A GLANCE LARGEST LEADING Independent Technology Platform for Provider of EV embedded solutions Auto Insurance Services Transactions1 in the industry2 NATIONWIDE ~44 Million 110+ branches in 25 Provinces Vehicles Covered Quoted3 and >1.1M Referral Partners4 ~ 16Million >$6 Billion Policies
Slide 4: One-Stop Insurance Solutions
ONE-STOP INSURANCE SOLUTIONS Insurance Carriers New Policy Renewal Maker EV API Docks Claim & Repair Value-added Services New Car Sales Used Car Sales Claim Docks Maintenance Repair Policy Auto Dealers Repair Stores Management Dealers Repair Shops Over Channel SaaS System for Auto Dealers and Repair
Slide 5: Proprietary Technology
PROPRIETARY TECHNOLOGY EV INSURANCE SAAS PLATFORM DIGITAL INSURANCE AI-DRIVEN DATA ANALYTICS 1 SOLUTIONS 2.0 2 FOR INTERMEDIARIES 3 TRANSACTION PLATFORM 4 SOLUTIONS New Policy Renewal Cross- Under- Mobile App One-Click Claim and Compliance & Leverage Operation writing Analysis Data for Owners Claim
Slide 6: Unique Value Proposition
UNIQUE VALUE PROPOSITION VALUE PROPOSITION FOR INSURERS VALUE PROPOSITION FOR AND INSURANCE INTERMEDIARIES e Enterp CONSUMERS Mor Clients rise Customer acquisitions at scale Broad consumer choice n gra r Co tio Inte eepe Moumers ns re D Highly integrated into Customer insights Tra consumer touchpoin
Slide 7: Critical Market Dynamics in China
CRITICAL MARKET DYNAMICS IN CHINA Explosive Sales of NEVs Government Policies Promote Reform • Embedded auto insurance offerings create new revenue streams • Greater consumer choice and transparency • High cost of collisions increases risk to insurers • Increased personalization of premiums to • Ric
Slide 8: Cheche Critical Milestones
CHECHE CRITICAL MILESTONES New NEV Partnerships • Leading provider of NEV embedded solutions in the industry. • Cheche continues to capture market share with 10 partnerships as of December 31, 2023. • During the quarter, over 155,000 policies were embedded in new car deliveries, while the premium sc
Slide 9: Q4 and 2023 Business Growth
Q4 AND 2023 BUSINESS GROWTH Policy Transaction Volume Premium Transaction Scale (policies in millions) (RMB in billions) 6.4 4.8 5.1 3.8 Q4'22 Q4'23 Q4'22 Q4'23 22.6 15.8 16.6 12.3 2022 2023 2022 2023 9
Slide 10: Q4 Financial Summary
Q4 FINANCIAL SUMMARY Three Months Ended December 31, 2022 2023 2023 RMB RMB USD (in millions) Net Revenues 773.9 867.8 122.2 Cost of Revenues (726.9) (824.4) (116.1) Operating Expense1 (61.3) (92.0) (13.0) Net Loss (2.1) (32.0) (4.5) Adjusted Net Income / (Loss)2 4.2 (4.9) (0.7) Net Loss attributabl
Slide 11: 2023 Financial Summary
2023 FINANCIAL SUMMARY Year Ended December 31, 2022 2023 2023 RMB RMB USD (in millions) Net Revenues 2,679.1 3,301.4 465.0 Cost of Revenues (2,536.7) (3,161.2) (445.2) Operating Expense1 (258.3) (308.0) (43.4) Net Loss (91.0) (159.6) (22.5) Adjusted Net Loss2 (51.6) (33.2) (4.7) Net Loss attributabl
Slide 12: 2024 Outlook
2024 OUTLOOK Expected to range from RMB3.5 billion to RMB3.7 billion, Net representing an increase of 6.1% to 12.1%, compared to the Revenue full year of 2023. Total Written Expected to range from RMB24.5 billion to RMB26.5 billion, Premiums representing an increase of 8.4% to 17.3%, compared to the
Slide 13: Strategic Growth Pillars
STRATEGIC GROWTH PILLARS Investing in technology Deepening relationships with partners Expanding into new verticals Broadening SaaS offerings Driving platform traffic 13 13
Slide 14: Appendix
APPENDIX
Slide 15: Unaudited Condensed Consolidated Balance Sheets
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except for share and per share data) Shares outstanding for all periods reflect the adjustment for reverse recapitalization. i
Slide 16: Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (All amounts in thousands, except for share and per share amounts) ii
Slide 17: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Cheche has provided in this presentation non-GAAP financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). Cheche uses adjusted total operating expenses, adjusted net loss and adjusted net loss
Slide 18: Reconciliation of GAAP to Non-GAAP Measures
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (Unaudited) (amounts in thousands, except share data and per share amounts) iv
Slide 19: Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses
Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses (Unaudited) (All amounts in thousands) v
Slide 20: Thank You
THANK YOU Technology Enables Better Lives NASDAQ : CCG