Microvast Holdings, Inc. · NASDAQ:MVST
Microvast — Q1 2025 Earnings Presentation
18 slides from Microvast's earnings presentation, May 12, 2025
Slide 1: Q1 2025
eo one microvast” Q1 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Non-GAAP Financial Measures This communication contains “forward-looking statements” within the meaning of the Private Securities This presentation contains adjusted EBITDA and adjusted net profit/loss, which are non-GAAP financial Litigation Reform Act of 1995.
Slide 3: Microvast Snapshot
Microvast Snapshot Recent Technology Announcements 18 Years of Innovation in Electrification 810+ Patents Granted or Pending ME6 - Overhaulable ESS Containers 2,000+ Employees Globally Optimized TCO with a robust design allowing for overhauls. Increased capacity and stability with Founded
Slide 4: Q1 Overview
Q1 Overview Realizing Results Record Q1 Revenue Q1 Gross Margin Backlog Q1 Adj. EBITDA $116.5M 36.9% $351M $28.5M +43.2% Y/Y +15.7pp Y/Y Market Capture Strategic Execution Q1 Revenue Q1 Gross Profit & Gross Margin $50 100% $116.5 $43 $40 80% MILLIONS USD MILLIONS USD $81.4 $30 60% 36.9% $47.0 $20 $1
Slide 5: Business Strategy
Business Strategy Innovate: Capture: Expand: Future Focus Significant Market Share Supporting Growth Remain focused on production innovations and Invest in commercialization of high demand and key Add production capacity to meet growing customer exciting upcoming R&D developments. future techn
Slide 6: Phase 3.2 Update
Phase 3.2 Update Capacity Expansion Expanding our Huzhou facility with Phase 3.2 will allow us to deliver more products to more customers: Expansion is well under way: Initial production anticipated in Q4 2025. Clean rooms nearly completed. Utility equipment installation completed. Product
Slide 7: Q1 Revenue Growth
Q1 Revenue Growth Expanding Customer Base Successes Challenges Q1 2025 Key Stats Launched EMEA training center to enhance skills, Global supply chain and trade disruptions. foster innovation, and drive service excellence for employees and customers, reinforcing our commitment to world-class trai
Slide 8: Business Developments
Business Developments High Performance Cells Driving Demand OEM Vehicle e-Bus e-Bus 18m Articulated e-Bus Battery MpCO-21Ah HpCO-53.5Ah MpCO-48Ah Type Gen 3 MV-B & C Pack Gen 4 MV-B & C Pack Gen 4 MV-B & C Pack First batteries in use for >8 years Full electric city bus for public Order received, con
Slide 9: Business Developments
Business Developments High Performance Cells Driving Demand OEM Vehicle Hybrid Mining Trucks Hybrid Mining Trucks Hybrid Mining Trucks Battery HpCO-53.5Ah HpCO-53.5Ah & 48Ah HpCO-48Ah Type Gen 4 MV-B & C Pack Gen 4 MV-B & C Pack Gen 4 MV-B & C Pack Multiple years of successful Utilizes our 53.5Ah an
Slide 10: All-Solid State Battery Update
All-Solid State Battery Update Innovative Progress Proprietary 3D Printing for ASSBs: Developed in-house 3D printing technology and equipment for flexible, customized all-solid-state battery (ASSB) cell fabrication with variable sizes, shapes, and design adaptability. Promising Bipolar Stacked Cell
Slide 11: Q1 2025 Financials
eo one microvast” Q12025 FINANCIALS
Slide 12: Q1 2025 P&L
Q1 2025 P&L ($ in thousands) Three-Months Ended Revenue vs. Prior Year Period GAAP Income Statement Mar. 31 Revenue rose 43% year-over-year, with EMEA contributing over 2025 2024 half of the three-month revenue. Revenue 116,491 81,351 Gross margin improved by 15.7 pp Y/Y. Cost of revenues (73,47
Slide 13: Q1 2025 Revenue by Region
Q1 2025 Revenue by Region ($ in thousands) Three-Months Ended Mar. 31 Revenue Breakout Doubled EMEA revenue Y/Y, contributing more than half of 2025 2024 our revenue split. We anticipate another strong year of USA, 5% USA, 2% revenue growth in 2025 for the EMEA region. APAC, 43% EMEA, 36% We con
Slide 14: Cash Flow Statement
Cash Flow Statement ($ in thousands) Net Profit Three-Months Condensed & Consolidated Cashflow Ended Mar. 31 2025 $61.8M partially offset by non-cash adjustments, including Net profit/(loss) $8.2M in D&A and $43.2M in changes in fair value of warrant 61,790 liability and convertible loan. Operatin
Slide 15: Outlook
eo one microvast” OUTLOOK
Slide 16: 2025 Outlook
2025 Outlook 18-25% $450-475M 30% Target Revenue Growth Revenue Guidance Target Gross Margin APAC EMEA Americas Targeting Phase 3.2 production Expected >20% Y/Y revenue growth Anticipate 50% Y/Y revenue in Q4 2025. for 2025. growth for 2025. Progress towards R&D new Emphasis on securing new strategi
Slide 17: Appendix
eo one microvast” APPENDIX
Slide 18: Non-GAAP Reconciliations
Non-GAAP Reconciliations ($ in thousands) Three Months Ended Mar. 31 Three Months Ended Mar. 31 2025 2024 2025 2024 Revenues 116,491 81,351 Cost of revenues (73,475) (64,126) General and administrative expenses (10,453) (23,794) Gross profit (GAAP) 43,016 17,225 Research and development expenses (8,