EHang Holdings Ltd. · NASDAQ:EH
EHang — Q4 2024 Earnings Presentation
18 slides from EHang's earnings presentation, Mar 12, 2025
Slide 1: Q4 2024 and FY2024 Operational & Financial Highlights
CHANG |[2Aifi_ EH | Nasdaq Listed EHang Holdings Limited She Q4 2024 and FY2024 Operational & Financial Highlights March 12, 2025 | www.ehang.com 3
Slide 2: Disclaimer
EB 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, co
Slide 3: Highlights for Q4 2024 and FY 2024
B Highlights for Q4 2024 and FY 2024 Record-high quarterly and annual revenues, up 190.2% and 288.5% YoY, respectively Record-high quarterly and annual delivery volume, 216 units in 2024 1st year and 3" consecutive quarter of non-GAAP profitability 1st year and 5‘ consecutive quarter of positive ope
Slide 4: Q4 2024: Record-High Quarterly Revenues and Deliveries
B Q4 2024: Record-High Quarterly Revenues and Deliveries Maintained High Gross Margin of 60.7% Maintained Positive Operating Cash Flow for the Fifth Consecutive Quarter Achieved the Third Consecutive Quarter of Adjusted Net Income? > | | Revenues and Deliveries Adjusted Operating Income 2) Adjusted
Slide 5: FY 2024: Record Revenues and Non-GAAP Profitability
B FY 2024: Record Revenues and Non-GAAP Profitability Maintained High Gross Margin of 61.4% Achieved Positive Operating Cash Flow and Adjusted Net Income ” for the First Fiscal Year in the Company’s History > Revenues and Deliveries (Million RMB) (Units) 500.0 400.0 300.0 200.0 100.0 0.0 Revenues Yo
Slide 6: Post-Certification Domestic Market Demand
Post-Certification Domestic Market Demand: Over 1,200 Units Orders and Intent Orders 9 Taiyuan Xishan Tourism 50 450 500 ene soanent oro 60 240 300 Anhui Hefei Customer 20 80 100 Shenzhen Boling Group 10 90 100 Jiangsu Wuxi Customer 10 90 100 Hong Kong KC Smart Mobility 5 25 30 Sunriver 5 45 50 and
Slide 7: Preparation for eVTOL Commercial Flight Operations
§ Preparation for eVTOL Commercial Flight Operations eco Operator Certification (“O The CAAC has completed the document and \ onsite inspections for EHang General Aviation and Heyi Aviation. Both are waiting for the final approvals. Meanwhile, more clients were / actively setting up for OC applicati
Slide 8: Production Layout in Multiple Regions and Capacity Expansion
I Production Layout in Multiple Regions and Planning for Capacity Expansion HANG | (2A Guangdor ng Yunfu Manufacturing Base Planned expansion to phase II (24,000 square meters), aiming for a total annual production capacity of 1,000 units by 2025. Collaborated with Enpower on intelligent manufacturi
Slide 9: Technology Advancement in Solid-State Batteries and Electric Motor Drive Systems
§} = Technology Advancement in Solid-State Batteries and Electric Motor Drive Systems Ic KF RE Enpower xan Partnered with Inx to jointly develop solid-state lithium | To co-develop high-performance electric motors and motor controllers, and broader compatibility for EHang's metal batteries for EHang
Slide 10: Strategic Partnership with Changan Automobile
Strategic Partnership with Changan Automobile on Flying Cars to Create an Innovative Way for Personal Transportation Chanan Automobile: EHang: + One of the four major Chinese automobile groups, with 40 + Apioneer in the global UAM sector years of car manufacturing experience + — Strong capabilities
Slide 11: Expanded International Presence with Flights in Japan, Thailand, Spain and Mexico
Japan In October 2024, EH216-S completed a new round of four-city flight tour in Japan, expanding its flight footprint to a total of 16 Japanese cities. e Thailand In November 2024, EH216-S completed debut passenger flights in Bangkok. Planning to conduct flight tests on EH216-S in Thailand. Spain I
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Slide 13: Q4 2024 and FY2024 Financial Highlights
Q4 2024 and FY2024 Financial Highlights (RMB 000) (unaudited) —__(Unaueited) Yor (unaudited) _(Unauited) Yor Total revenues 164,278 56,604 190.2% 456,152 117,426 288.5% Gross profit 99,688 36,618 172.2% 279,946 75,311 271.7% Gross margin 60.7% 64.7% -4.0Pp?) 61.4% 64.1% -2.7Pp?) Operating expenses (
Slide 14: Condensed Consolidated Balance Sheets
B} Condensed Consolidated Balance Sheets As of December 31, 2023 As of December 31, 2024 (RMBO00) (Unaudited) (Unaudited) Current assets: Cash and cash equivalents 228,250 610,877 Short-term deposits 14,397 - Short-term investments 57,494 513,683 Restricted short-term deposits 33,942 30,295 Accounts
Slide 15: Condensed Consolidated Statements of Comprehensive Loss
i Condensed Consolidated Statements of Comprehensive Loss (RMB‘000) (unaudited) (Unaudited) (unaudited) _(Unavateg) Total revenues 56,604 164,278 117,426 456,152 Costs of revenues (19,986) (64,590) (42,115) (176,206) Gross profit 36,618 99,688 75,311 279,946 Operating expenses: Sales and marketing e
Slide 16: EHang Investment Highlights
§} EHang Investment Highlights Strategic Emerging Industry: UAM/Low-Altitude Economy, at a Pivot Point with Massive and Fast-Growing Market Potential and Favorable Policies = = Scarcity: The World’s First and Only Pilotless Passenger-Carrying eVTOL TC, PC and Standard AC, Approved for Commercial Use
Slide 17: Upcoming investor events
Mar 20 May 15 Mar 12 May 14 May 19-20 May 20 May 27-30 May 21-22
Slide 18: Thank You
{2A EH | Nasdaq Listed THANK YOU CHANG .com ir@ehan Investor Contact: www.ehang.com