EHang Holdings Ltd. · NASDAQ:EH
EHang — Q1 2025 Earnings Presentation
15 slides from EHang's earnings presentation, May 26, 2025
Slide 1: Q1 2025 Operational & Financial Results
CHANG |[2Aifi EH | Nasdaq Listed EHang Holdings Limited Q1 2025 Operational & Financial Results May 26, 2025 = z ~e i = ~ __ Notes: The photo shows EH216-S's flight in Benidorm, Spain, in February 2025. ae = : 222 i CHANG | (2A 1
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: Operational and Financial Performance for Q1 2025
Operational and Financial Performance for Q1 2025 Revenues Gross Margin Million RMB — Adjusted Net Loss” Delivery S Million RMB units EH216 series products 2) YQ & Notes: 1) Adjusted net loss is a non-GAAP financial measure 2) EH216 series products include EH216-S, EH216-L which is defined as net lo
Slide 4: velopmentes
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Slide 5: EH216-S Operators Obtained Air Operator Certificates (OCs) from the CAAC
§} §H216-S Operators Obtained Air Operator Certificates (OCs) from the CAAC Paving the way for commercial flight operations of pilotless eVTOLs in China Regulatory Breakthrough Pilotless eVTOL Commercial Operations + Air Operator Certificates (OCs) were issued by the CAAC to Prioritizing operational
Slide 6: Development of Next-Generation Long-Range Pilotless Human-Carrying Lift-and-Cruise eVTOL VT35
; Development of Next-Generation Long-Range Pilotless Human-Carrying Lift-and-Cruise eVTOL “VT35” The CAAC has officially accepted VT35’s Type Certificate application “ {{ 1 Upgraded from VT30, expanding EHang eVTOL product portfolio to long-range air mobility Outstanding among medium and long-range
Slide 7: Production Expansion in Yunfu and New Factory Plan in Hefei, China
§} =Production Expansion in Yunfu and New Factory Plan in Hefei, China Yunfu Manufacturing Base In the first quarter of 2025, the Company commenced the expansion and upgrade of its Yunfu production base. This will double the factory space to 48,000 square meters, with plans to increase the annual pr
Slide 8: Domestic and International Expansion
B= Domestic and International Expansion Over 66,000 safe pilotless flights in 19 countries across Asia, Europe, Americas* e o Shanghai, Shenzhen, Spain Mexico China China In January 2025, the In January 2025, the In February 2025, EH216-S In March 2025, EH216-S Company's client conducted Company's c
Slide 9: Academic and Industry Collaboration
§} = Academic and Industry Collaboration Ii > In February 2025, EHang established » In March 2025, EHang signed > — In May 2025, EHang expanded its the Aerospace and Intelligent an MoU with the University of partnership with CCIT and CCCC- Zaragoza (Spain) and the Manufacturing Committee of the FHDI
Slide 10: Financial Performance for Q1 2025
Financial Performance for Q1 2025 = CHANG (28
Slide 11: Q1 2025 Financial Performance
Q1 2025 Financial Performance Q1 2025 Q1 2024 Q4 2024 (RMB '000) (Unaudited) (Unaudited) YoY (Unaudited) QoQ Total revenues 26,092 61,727 -57.7% 164,278 -84.1% Gross profit 16,293 38,191 -57.3% 99,688 -83.7% Gross margin 62.4% 61.9% 0.5Pp?) 60.7% 1.7Pp?) Operating expenses (110,857) (107,736) 2.9% (
Slide 12: Condensed Consolidated Balance Sheets
B} Condensed Consolidated Balance Sheets As of December 31, 2024 As of March 31, 2025 GAD wy) (Unaudited) (Unaudited) Current assets: Cash and cash equivalents 610,877 382,455, Short-term investments 513,683 700,213 Restricted short-term deposits 30,295 31,691 Accounts receivable, net 58,180 28,527
Slide 13: Condensed Consolidated Statements of Comprehensive Loss
Condensed Consolidated Statements of Comprehensive Loss q 2024 Q1 2024 Q4 2025 Q1 (BMBO00) (Unaudited) (Unaudited) (Unaudited) Total revenues 61,727 164,278 26,092 Costs of revenues (23,536) (64,590) (9,799) Gross profit 38,191 99,688 16,293 Operating expenses: Sales and marketing expenses (20,224)
Slide 14: Upcoming events: May 27-30, May 28, June 16-22
MaY 28 JUNE 16-22 May 27-30 June 4 June 19
Slide 15: Thank You
{2A EH | Nasdaq Listed THANK YOU CHANG .com ir@ehan Investor Contact: www.ehang.com