Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q4 2024 Earnings Presentation
24 slides from Ecarx's earnings presentation, Mar 11, 2025
Slide 1: Fourth Quarter and Full Year 2024 Financial Results
Fourth Quarter and Full Year 2024 Financial Results March 11, 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements We use adjusted EBITDA in evaluating our operating results and for financial and operational decision-making purposes. Adjusted EBITDA is defined as net loss excluding interest income, interest expense, income tax expenses, depreciation of This presentation con
Slide 3: 2024 Q4 and Full Year Highlights
2024 Q4 and Full Year Highlights 3
Slide 4: Q4 and FY24 revenue and gross profit highlights
Enable & accelerate the global leading automotive intelligent solutions Q4 Revenue Q4 Gross Profit Product in Vehicles 1.9 bn 411 mn 8.1mn+ Up 4% YoY GM 21% As of December 31, 2024 FY24 Revenue FY24 Gross Profit Serving 18 OEMs 5.6 bn 1,154 mn across 28 vehicle brands Up 18% YoY GM 21% As of Decembe
Slide 5: Products & Operations
ecar >< Products & Operations
Slide 6: Major presence across three continents
Major presence across three continents Gothenburg San Diego, CA • Cockpit R&D and delivery • R&D center Shanghai - HQ • AD R&D center • AI R&D center • Big data, algorithm, cloud • Advanced research product and London - EU HQ technology R&D • EU operation center where our • Automotive SoC R&D execut
Slide 7: ECARX main full-stack computing roadmap
ECARX main full-stack computing roadmap All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com 7
Slide 8: ECARX Cloudpeak software solution
ECARX Cloudpeak software solution Flexible and open SOA architecture design completely releases hardware performance, providing customizable cross domain software development solutions. All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way.
Slide 9: ECARX – Cloudpeak AI
ECARX – Cloudpeak AI AI Scene In-cabin External AI Vehicle AI Voice AI Avatar ADAS Copilot Agent HMI … Engine Perception Environment Manuals ECARX Auto GPT AutoAgent AutoScene AutoFlow AutoECO Cognitive Decision- Multimodal Emotional Cross-Domain Making LLM Perception LLM Intelligence LLM Perception
Slide 10: Strong position from diversified and growing customer base
Strong position from diversified and growing customer base Chinese Brands Global Brands All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com
Slide 11: Vehicle Launches
ecar >< Vehicle Launches
Slide 12: Galaxy Star Wish
ECARX enables impressive sales for Geely Geome with superior experience E02 has achieved cumulative shipment over 2.1 million as of Dec 31, 2024 Galaxy Star Wish Best-selling NEV model of Geely brand1 All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the cont
Slide 13: Galaxy E5
With high-performance computing platform and ecological capabilities, ECARX creates an advanced intelligent experience for Geely Galaxy E5 May 2024 Galaxy E5 Best-selling BEV model of Geely brand with price over RMB 100K (In January 2025) All copyright shall belong to ECARX. No person shall copy or
Slide 14: FAW Hongqi in-vehicle AI LLM with DeepSeek-R1
In-vehicle AI LLM DeepSeek-R1 fully adapted Empowered by ECARX’s comprehensive software & hardware ecosystem, FAW Hongqi has established a pioneering position in the industry 天工 05 All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECAR
Slide 15: Financials
ecar >< Financials
Slide 16: Quarterly financial performance
Quarterly financial performance Total revenue (RMBm) Gross proft (RMBm) Gross Margin 22% 23% 17% 21% 4%1 411 1,941 31%1 326 31%1 292 90 1,425 248 21%1 1,258 161 84 205 257 928 57 96 75 1,525 1,180 944 757 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 1. YoY change Sales of Goods Re
Slide 17: Quarterly financial performance (continued)
Quarterly financial performance (continued) Adjusted EBITDA (RMBm) Net loss (RMBm) Adjusted EBITDA (24%) (17%) (16%) 4% Net Margin (33%) (24%) (24%) (2%) Margin 74 (40) (302) (306) (340) (210) (222) (233) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 All copyright shall belong to E
Slide 18: Q&A
ecar >< Q&A
Slide 19: Appendix
ecar >< Appendix
Slide 20: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of December As of December 31 31 As of (Unaudited) As of December 31 (Unaudited) December 31 (Unaudited) (Unaudited) 2023 2024 Millions, except otherwise noted 2023 2024 RMB RMB US$ RMB RMB US$ LIABILITIES ASSETS Current liabilities Current assets S
Slide 21: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of December As of December 31 31 (Unaudited) (Unaudited) Millions, except otherwise noted 2023 2024 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 6,096.7 6,214.3 851.4 Accumulated deficit (6,670.7) (7,603.0) (1,0
Slide 22: Unaudited Consolidated statements of operations and comprehensive loss
Unaudited Consolidated statements of operations and comprehensive loss Three Months Ended December 31 Full Year Ended December 31 Three Months Ended December (Unaudited) (Unaudited) Full Year Ended December 31 31 (Unaudited) 2023 2024 2023 2024 (Unaudited) Millions, except otherwise noted 2023 2024
Slide 23: Unaudited Reconciliation of GAAP and Non-GAAP Results
Unaudited Reconciliation of GAAP and Non-GAAP Results We use adjusted EBITDA in evaluating our operating results and for financial and operational decision-making purposes. Adjusted EBITDA is defined as net loss excluding interest income, interest expense, income tax expenses, depreciation of proper
Slide 24: Thank you.
Thank you. ECARX Holdings, Inc. www.ecarxgroup.com ir@ecarxgroup.com All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations.