Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q2 2024 Earnings Presentation
24 slides from Ecarx's earnings presentation, Aug 8, 2024
Slide 1: Second Quarter 2024 Financial Results
Second Quarter 2024 Financial Results August 8, 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 Q2 Highlights
ecar >< 2024 Q2 Highlights
Slide 4: Q2 revenue, vehicles and gross profit highlights
Enable & accelerate the global leading automotive intelligent solutions Q2 Revenue Product in Vehicles Q2 Gross Profit Serving 17 OEMs across 1,258 mn 6.9mn+ 292 mn 26 vehicle brands Up 31% YoY As of June 30, 2024 GM 23% As of June 30, 2024 Currency in Chinese Yuan (RMB) All copyright shall belong t
Slide 5: Products & Operations
ecar >< Products & Operations
Slide 6: Major presence across three continents
Major presence across three continents Chengdu, China London, UK Gothenburg, Sweden Suzhou, China Dalian, China Shanghai, China Kuala Lumpur, Malaysia Wuhan, China San Diego, USA Stuttgart, Germany Hangzhou, China All copyright shall belong to ECARX. No person shall copy or distribute any or all par
Slide 7: ECARX full stack products matrix
ECARX full stack products matrix 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: The heart of a differentiated partnership ecosystem
The heart of a differentiated partnership ecosystem, designed for innovation and growth 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 9: Vehicle Launches
ecar >< Vehicle Launches
Slide 10: Empowered by ECARX, Lynk&Co 08 has established itself as a popular flagship
Empowered by ECARX, Lynk&Co 08 has established itself as a popular flagship with intelligent breakthrough ever since its launch September 2023 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 lega
Slide 11: Empowered by ECARX, Lynk&Co 07 has continuously innovated
Empowered by ECARX, Lynk&Co 07 has continuously innovated to meet the comfort scenarios of a sedan May 2024 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. |
Slide 12: ECARX Makalu Computing Platform for Lynk&Co Z10
ECARX Makalu Computing Platform empowers a new breakthrough in the intelligent cockpit experience for Lynk&Co Z10 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 violati
Slide 13: Powerful performance foundation empowered by Makalu computing platform
Powerful performance foundation empowered by Makalu computing platform, ECARX and smart together to enhance the smart OS and create most advanced and premium intelligent cockpit solution All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way
Slide 14: Galaxy E5
With high-performance computing platform and ecological capabilities, ECARX creates an advanced intelligent experience for Geely Galaxy E5 May 2024 Galaxy E5 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 rig
Slide 15: ECARX Antora1000 Pro platform for MPV scenario
ECARX Antora1000 Pro platform integrates innovative intelligent cockpit functionalities to facilitate multi-user interaction of MPV scenario L380 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 l
Slide 16: Financials
ecar >< Financials
Slide 17: Quarterly financial performance
Quarterly financial performance Total revenue (RMBm) Gross profit (RMBm) 22%1 Gross 31.3% 30.6% 23% 22% 23% Margin 1,869 432 31%1 331 50%1 1,258 45%1 298 292 21%1 1,080 952 928 205 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 1. YoY change All copyright shall belon
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 June 30 31 (Unaudited) As of December As of June 30 31 (Unaudited) 2023 2024 Millions, except otherwise noted 2023 2024 RMB RMB US$ RMB RMB US$ LIABILITIES Current liabilities ASSETS Current assets Short-term borrowings 1,200.0 1,6
Slide 21: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of December As of June 30 31 (Unaudited) Millions, except otherwise noted 2023 2024 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 6,096.7 6,156.7 847.2 Accumulated deficit (6,670.7) (7,241.3) (996.4) Accumulated
Slide 22: Unaudited Consolidated statements of operations and comprehensive loss
Unaudited Consolidated statements of operations and comprehensive loss Six Months Ended Three Months Ended Six Months Ended Three Months Ended June 30 June 30 June 30 June 30 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Millions, except otherwise noted 2023 2024 2023 2024 2023 2024 2023 2024 RMB
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.