Geely Automobile Holdings Limited · HKEX:175
Geely Automobile — H1 2024 Earnings Presentation
22 slides from Geely Automobile's earnings presentation, Aug 21, 2024
Slide 1: 2024 Interim Results
GEELY 2024 INTERIM RESULTS GEELY AUTOMOBILE HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Stock Codes: 175 (HKD Counter) and 80175 (RMB Counter)
Slide 2: Important Notice
GEELY IMPORTANT NOTICE The information contained herein is meant for presentation purposes only and may not be used and relied upon by any other party, It is not to be taken in substitution for the exercise of judgement. You shall be solely responsible for making your own independent investigation o
Slide 3: Sales Volume Growth Outpacing Market, Revenue Surpassing 100 billion in H1
GEELY Sales Volume Growth Outpacing Market, Revenue Surpassing 100 billion in H1 Profit Attributable to Equity Holders Increased Significantly YoY Total Sales Volume in 2024 H1* Total Revenue in 2024 H1 95 6x units 41.0« 107.32 46.6« Total Sales Volume YoY Growth YoY Growth
Slide 4: H1 Sales Volume Exceeded Expectations, Dual Growths in ICE Vehicles and NEVs
GEELY H1 Sales Volume Exceeded Expectations, Dual Growths in ICE Vehicles and NEVs Tier-1 Domestic Brand in NEVs & No. 1 in Domestic Sales Volume for ICE Vehicles Record High in Total Sales Volume Record High in Total Sales Volume Record High in Export Sales Volume (thousand units ) (thousand units
Slide 5: Increase in Average Selling Price & Business Diversification Contributed to Significant Growth in Total Revenue
GEELY Increase in Average Selling Price & Business Diversification Contributed to Significant Growth in Total Revenue Average Selling Price Record High in Total Revenue (RMB ) (milion RMB ) © Vehicle Sales | Revenue from Other Businesses" +4.2% +46.6% * Revenue from other businesses incl revenue fro
Slide 6: Total Gross Profit Increased Significantly, with a Steady Rise in Gross Profit Margin
GEELY Total Gross Profit Increased Significantly, with a Steady Rise in Gross Profit Margin Notable Improvements from Economies of Scale & Optimized Product Structure Total Gross Profit Gross Profit Margin (milion RMB ) +53.9% +0.7%pt 16,221 14.4% 15.1%
Slide 7: Effective Control of Selling Expenses
GEELY Effective Control of Selling Expenses Further Improvement in Management Efficiency Distribution & Selling Expense Ratio Administrative Expense Ratio -0.6%pt -0.3%pt 6.5% | 6.7% 6.4% 5.9%
Slide 8: Increase in R&D Expenditure and Enhancement in R&D Efficiency
GEELY Increase in R&D Expenditure and Enhancement in R&D Efficiency to Strengthen Core Product Competitiveness Total R&D Expenditure* R&D Expenditure Ratio** (milion RMB ) +17.9% -1.6%pt — . | costs not qualified for capitalization + Expenditure Ratio = Total R&D Expenditure / Total Revenue.
Slide 9: Improved Operating Profitability Driving Substantial YoY Growth in Profit Attributable to Equity Holders
GEELY Improved Operating Profitability Driving Substantial YoY Growth in Profit Attributable to Equity Holders 2024H1 Profit Attributable to Equity Holders (million RMB) 7,470 10,598 +114.4% | P = 1,571 * Profit attributable to equity holders excluding impairment loss
Slide 10: Ample Cash Reserves, Record High Net Cash Level
GEELY Ample Cash Reserves, Record High Net Cash Level 2024H1 Cash Flows (million RMB) +12.8% +25.4% 14,152 —_ = [ | 7 ou rn 28,442 * Net cash used in investing activities = capital expenditure + net ** Loans and bonds = bank borrowings + bonds payable +
Slide 11: Geely Brand Sold 742K units YoY +34%
GEELY Geely Brand Sold 742K units YoY +34% Monthly Sales Volume YoY Growth for 18 Consecutive Months “China Star” High End Series Strong Growth “Galaxy” Series 10K+ Avg Units Sold / Mth Acceleration in Overseas Expansion 205K units 1M+ 81K units Galaxy E5 76 countries 650+ ‘Sales volume in H1 ‘Accum
Slide 12: ZEEKR Doubled Sales Volume and Improved Profitability
GEELY ZEEKR Doubled Sales Volume and Improved Profitability Close to Break-Even After Excluding Share-based Payments* Sales Volume 88K units YoY +106% Successful IPO in NYSE Top-selling BEV brand for models over ZEEKR offered 24.15M ADSs with a size of US$507M RMB200K in China for 2024H1 ‘The larges
Slide 13: Lynk&Co's Sales Volume Entering Rapid Growth
Lynk&Co’s Sales Volume Entering Rapid Growth Continuous Improvement in Profitability
Slide 14: BE HORSE JV Formally Established
BE HORSE JV Formally Established Collaborating to Create a Global Powertrain Leader Geely Holding Geely Auto Renault Group 17x 33% 50x HORSE POWERTRAIN 17 Global Plants, 5 R&D Centres 9 Key Customers in 130 Countries & Regions* Expected ~5M Powertrain Units per Year All Types of Powertrain Solutions
Slide 15: Genius AFC's Third-party Business Growing Rapidly
GEELY Genius AFC's Third-party Business Growing Rapidly Promoting Stable Profit Growth Net Profit ( mition RMB) +3.2% 271K contracts 8.7% No. of car loan contracts in 2024 H1 YoY growth 42K Contracts 74.5% car loan contracts related YoY growth to ee eee brands 1.45M contracts ‘Active contracts as at
Slide 16: Stable Development for Proton & Renault Korea
Geeta Stable Development for Proton & Renault Korea Joining Forces with Geely to Explore Global Markets Proton Renault Korea ASEAN Markets South Korea, Europe & North America Markets Geely licensed X50 & S70 sold 10K+ units, becoming ‘Stable Investment return, received RMB 180M and RMB 150M dividend
Slide 17: Leading ESG Performance among Chinese Automakers
GEELY Leading ESG Performance among Chinese Automakers Lifecycle Carbon Emissions per Vehicle (veer 2020 as Baseline) Short-term Target Achieved Long-term Target V25e +145 Carbon Neutrality Year 2025 End of June 2024 Year 2005 Low-carbon Products Green Manufacturing Sustainable Supply Chain. SR Ae 3
Slide 18: 2024 H2 Outlook
GEELY 2024 H2 Outlook Annual Sales Volume Target: 1.9M units ™2.0M units YoY +21% Amongst, NEVs Sales Volume Target YoY+70%, Export Sales Volume Target YoY+45% Geely Brand ZEEKR Brand Lynk & Co Brand Annual Sales Volume Target: 1.48M. Annual Sales Volume Target: 230K Annual Sales Volume Target: 290K
Slide 19: New NEVs Launched up to the present in 2024
GEELY 3 New NEVs Launched up to the present in 2024 with 6 New Models Set to Launch Successively August Launching Soon Launching Soon é ir er = —={+) 2! ds y Brand Geely Galaxy E5 Geely Xingyuan Galaxy Mainstream Plug-in Hybrid SUV
Slide 20: Slide 20
Slide 21: 2024 Interim Results
GEELY 2024 Interim Results For the period ended 30 June 2024H1 2023H1 Changes Sales volume (units) 1 955,730 677,920 + 41.0% YoY Revenue (RMB M) 107,305 73,182 + 46.6% YoY Gross profit margin 2 15.1% 14.4% + 0.7 %pt Earnings before Interest and Taxes ( “EBIT” ) (RMB M)3 3,228 1,415 + 128.1% YoY Prof
Slide 22: 2024 Interim Results
GEELY 2024 Interim Results For the period ended 30 June 2024H1 2023H1 Changes Sales of vehicles (RMB M) 87,480 60,284 + 45.1% YoY Average selling price (RMB) 105,431 101,168 + 4,2% YoY Return on equity 1 11.8% 2.1% + 9.7 %pt EBIT ratio 2 3.0% 1.9% + 1.1 %pt Distribution & eee as % of 5.9% 6.5% 0G %
Geely Automobile Holdings — H1 2024 Earnings Presentation on 6ix