EHang Holdings Ltd. · NASDAQ:EH
EHang — Q2 2020 Earnings Presentation
21 slides from EHang's earnings presentation, Aug 25, 2020
Slide 1: EHang Holdings Limited Q2 2020 Earnings Highlights
EHANG HOLDINGS LIMITED Q2 2020 EARNINGS HIGHLIGHTS August 25, 2020 Guangzhou, China 1
Slide 2: Disclaimer
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, comp
Slide 3: Q2 2020 Business Update
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Slide 4: Growing Sales Volume of Flagship Passenger-grade AAV EHang 216
Growing Sales Volume of Flagship Passenger-grade AAV EHang 216 Sales Volume of EHang 216 (unit) 30 25 25 20 17 16 15 14 10 5 0 Q2 2019 Q2 2020 H1 2019 H1 2020 4
Slide 5: World's First Commercial Pilot Operation Approval of Passenger-grade AAVs for Air Logistics
Achieved the World’s First Commercial Pilot Operation Approval of Passenger-grade AAVs for Air Logistics • In May 2020, EHang became the world’s first AAV company approved by a national aviation authority, the Civil Aviation Administration of China (“CAAC”), to carry out commercial pilot operation i
Slide 6: Deployed a New Command-and-Control Center for Smart City Management in China
Deployed a New Command-and-Control Center for Smart City Management in China • EHang completed deployment of a command-and-control center for smart city management in the city of Hezhou, China. • This was the third of its kind after those in the cities of Shaoguan and Lianyungang. • This deployment
Slide 7: Entered into a Strategic Partnership for Air Tourism
Entered into a Strategic Partnership for Air Tourism • In May 2020, EHang partnered with LN Holdings, a Shenzhen-listed (000524.SZ) tourism platform company to announce the world’s first UAM-themed hotel at the LN Garden Hotel in Guangzhou, China. • A variety of air tourism services using EHang AAVs
Slide 8: Implemented Smart City Management Solutions in Flood Emergency Response
Implemented Smart City Management Solutions in Flood Emergency Response Air Dropping relief supplies to flood victims Distributed AAV operations by centralised system Real-time monitoring on AAV flight status Aerial photography of flood rescue scene Remote air inspection of the flood Frontline lives
Slide 9: Appointed Mr. Dongming Wu, CEO of DHL Express China, as an Independent Director
Appointed Mr. Dongming Wu, CEO of DHL Express China, as an Independent Director • Mr. Wu is the CEO of DHL Express China and a Global Management Board Member of DHL Express. • With over 30 years of experience in the global delivery and logistics industry, Mr. Wu helps facilitate the Company’s strate
Slide 10: Q2 2020 Financial Update
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Slide 11: Q2 2020 Financial Highlights
Q2 2020 Financial Highlights (RMB '000) Q2 2020 Q2 2019 Q1 2020 YoY QoQ Total revenues 35,700 21,946 18,818 62.7% 89.7% Gross profit 20,553 12,845 11,154 60.0% 84.3% Gross margin 57.6% 58.5% 59.3% -0.9pp -1.7pp Adjusted operating expenses 35,424 24,972 31,108 41.9% 13.9% Adjusted operating loss 11,1
Slide 12: Q2 2020 Financial Performance: Total Revenues, Gross Profit
Q2 2020 Financial Performance Total Revenues Gross Profit RMB’000 RMB’000 40,000 70.0% 25,000 70.0% 35,700 35,000 62.7% 58.5% 20,553 60.0% 60.0% 60.0% 20,000 57.6% 30,000 50.0% 50.0% 25,000 21,946 15,000 40.0% 12,845 40.0% 20,000 30.0% 30.0% 10,000 15,000 20.0% 20.0% 10,000 5,000 5,000 10.0% 10.0% 0
Slide 13: Q2 2020 Financial Performance: Adjusted Operating Loss, Adjusted Net Loss
Q2 2020 Financial Performance Adjusted Operating Loss Adjusted Net Loss RMB’000 RMB’000 Q2 2019 Q2 2020 Q2 2019 Q2 2020 (10,000) 0.0% (10,000) 0.0% (10,200) (10,200) -10.0% -10.0% (10,400) (10,400) (10,600) (10,600) -20.0% -20.0% (10,800) (10,800) (11,000) -31.2% -30.0% (11,000) -30.0% -32.8% (11,20
Slide 14: H1 2020 Financial Highlights
H1 2020 Financial Highlights Notes: 1) Adjusted operating expenses is defined as operating expenses excluding share-based compensation expenses. 2) Adjusted operating loss is defined as operating loss excluding share-based compensation expenses. 3) Adjusted net loss is defined as net loss excluding
Slide 15: H1 2020 Financial Performance: Total Revenues, Gross Profit
H1 2020 Financial Performance Total Revenues Gross Profit RMB’000 RMB’000 60,000 54,518 70.0% 35,000 70.0% 68.3% 31,707 67.3% 58.5% 60.0% 30,000 60.0% 50,000 58.2% 50.0% 25,000 50.0% 40,000 32,385 40.0% 20,000 18,951 40.0% 30,000 30.0% 15,000 30.0% 20,000 20.0% 10,000 20.0% 10,000 10.0% 5,000 10.0%
Slide 16: H1 2020 Financial Performance: Adjusted Operating Loss, Adjusted Net Loss
H1 2020 Financial Performance Adjusted Operating Loss Adjusted Net Loss RMB’000 RMB’000 H1 2019 H1 2020 H1 2019 H1 2020 0 0.0% 0 0.0% (5,000) -10.0% (5,000) -10.0% (10,000) -20.0% (10,000) -20.0% (15,000) -30.0% (15,000) -30.0% (20,000) -40.0% (20,000) -40.0% (25,000) -50.0% (25,000) -55.6% -50.0% (
Slide 17: Unaudited Condensed Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (RMB '000) Q2 2020 Q2 2019 Q1 2020 H1 2020 H1 2019 Total revenues 35,700 21,946 18,818 54,518 32,385 Costs of revenues (15,147) (9,101) (7,664) (22,811) (13,434) Gross profit 20,553 12,845 11,154 31,707 18,951 Operating expenses: Sale
Slide 18: Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets As of June As of December (RMB '000) 30, 2020 31, 2019 Current assets: Cash and cash equivalents 228,189 321,662 Short-term investments 29,542 7,674 Accounts receivable 76,575 41,103 Cost and estimated earnings in excess of billings 3,722 14,212 Invent
Slide 19: Unaudited Condensed Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows 19
Slide 20: EHang Investment Highlights
EHang Investment Highlights 1 World’s First and Only Publicly Traded Urban Air Mobility Company 2 Massive, Fast-growing Target Market Ready for True Disruption 3 Global Market Leader and First Mover of Commercialization Ahead of Competition 4 World’s Leading Scalable Urban Air Mobility Platform with
Slide 21: Fly into Future
Fly into Future www.ehang.com Investor Contact: ir@ehang.com Strictly Privileged & Confidential