EHang Holdings Ltd. · NASDAQ:EH
EHang — Q3 2023 Earnings Presentation
18 slides from EHang's earnings presentation, Nov 22, 2023
Slide 1: Q3 2023 Operational & Financial Highlights
EHang Holdings Limited Q3 2023 Operational & Financial Highlights November 22, 2023 www.ehang.com 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, compl
Slide 3: Financial and Business Highlights for Q3 2023 and Recent Developments
Financial and Business Highlights for Q3 2023 and Recent Developments • Revenues Increased by 248% YoY, 186% QoQ • EH216-S Received the World’s First Type Certificate for Unmanned eVTOL from CAAC • CAAC Approved EHang’s Unmanned Aircraft Cloud System for Trial Operations • UAM Strategic Partnerships
Slide 4: Business Highlights for Q3 2023 and Recent Developments
Business Highlights for Q3 2023 and Recent Developments 4
Slide 5: EH216-S Received the World's First TC for Unmanned eVTOL from CAAC
EH216-S Received the World’s First TC for Unmanned eVTOL from CAAC • In October 2023, EH216-S passenger-carrying UAV system obtained the world’s first type certificate (“TC”) of unmanned eVTOL officially issued by the Civil Aviation Administration of China (“CAAC”). • The EH216-S model has successfu
Slide 6: CAAC Approved EHang Unmanned Aircraft Cloud System for Trial Operations
CAAC Approved EHang Unmanned Aircraft Cloud System for Trial Operations • In August 2023, the CAAC approved the EHang Unmanned Aircraft Cloud System (“UACS”) for trial operations. • EHang UACS provides a significant safeguard for operational safety and management of its UAVs at scale. EHang Unmanned
Slide 7: Strategic Investment in Inx to Develop Solid-State Lithium Metal Battery Supply Chain for eVTOLs
Strategic Investment in Inx to Develop Solid-State Lithium Metal Battery Supply Chain for eVTOLs • In September 2023, EHang strategically invested in Shenzhen Inx Technology Co., Ltd., a solid-state lithium metal battery technology company in China. • EHang plans to cooperate with Inx on the researc
Slide 8: Strategic Partnership with Bao'an District Government of Shenzhen on UAM
Strategic Partnership with Bao’an District Government of Shenzhen on UAM In July 2023, EHang reached an MOU with the Bao’an District Government of Shenzhen Municipality on a strategic partnership for UAM operations. A UAM Operation Demonstration Center is being built at the OH Bay in Bao’an District
Slide 9: Strategic Partnership with Hefei Municipal Government with US$100 Million Support Plan
Strategic Partnership with Hefei Municipal Government with US$100 Million Support Plan In October 2023, EHang entered into a strategic cooperation agreement with the Hefei Municipal Government for joint development of a low-altitude economy ecosystem in Hefei, China. EH216-S Conducted Demo Flights i
Slide 10: Sales Pipeline of 450+ Units in Asian Market
Sales Pipeline of 450+ Units in Asian Market * Sales Pipeline for 245+ Units in Total Expanding Footprints in Korea • Seoul metropolitan government purchased one unit of EH216-S • Demo flights in Seoul, Daegu and Jeju Island in Hefei Municipal Tianxingjian Korea Shenzhen Government Boling Cultural T
Slide 11: EHang European Urban Air Mobility Center Opens in Spain
EHang European Urban Air Mobility Center Opens in Spain • In November 2023, EHang announced the opening of our first European UAM Center in Spain. • Located inside the Lleida–Alguaire International Airport, the center is the first-of-its-kind in Europe for unmanned eVTOL aircraft, setting a benchmar
Slide 12: Financial Highlights for Q3 2023
Financial Highlights for Q3 2023 12
Slide 13: Q3 2023 Financial Highlights
Q3 2023 Financial Highlights Ø Revenues Increased by 248% YoY, 186% QoQ (RMB '000) Q3 2023 Q3 2022 YoY Q2 2023 QoQ (Unaudited) (Unaudited) (Unaudited) Total revenues 28,615 8,226 247.9% 10,006 186.0% Gross profit 18,479 5,425 240.6% 6,020 207.0% Gross margin 64.6% 65.9% -1.3Pp 60.2% 4.4Pp Adjusted o
Slide 14: US$23 Million PIPE Investment from Strategic Investors to Strengthen Liquidity
US$23 Million PIPE Investment from Strategic Investors to Strengthen Liquidity • In July 2023, EHang secured US$23 million of equity investment through $40.5 MM a private placement from several strategic investors. Cash Reserve $23.0 MM (as of September 30, 2023) • The gross proceeds from the placem
Slide 15: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (RMB '000) As of December 31, 2022 As of September 30, 2023 (Audited) (Unaudited) Current assets: Cash and cash equivalents 249,310 233,042 Short-term investments - 28,748 Restricted short-term deposits - 33,779 Accounts receivable, net 20,298 16,645 Inventories
Slide 16: Condensed Consolidated Statements of Comprehensive Loss
Condensed Consolidated Statements of Comprehensive Loss 2022 Q3 2023 Q2 2023 Q3 (RMB '000) (Unaudited) (Unaudited) (Unaudited) Total revenues 8,226 10,006 28,615 Costs of revenues (2,801) (3,986) (10,136) Gross profit 5,425 6,020 18,479 Operating expenses: Sales and marketing expenses (12,669) (13,5
Slide 17: EHang Investment Highlights
EHang Investment Highlights 1 The World’s First Listed Urban Air Mobility Technology Company in eVTOL Industry 2 The World’s First Unmanned eVTOL Type Certificate Global Market Leader and First Mover of Commercialization Ahead of Peers for Years 3 4 Affordable, Efficient, Clean Air Mobility Solution
Slide 18: FLY INTO THE FUTURE
FLY INTO THE FUTURE www.ehang.com Investor Contact: ir@ehang.com 18