Slide 1: FY14 Results
For personal use only FY14 Results 25 February 2015
Slide 2: Generating positive cash flow and profit
Generating positive cash flow and profit For personal use only Achieving growth across all key metrics • Statutory Earnings: – EBITDA of $1.2m – Revenue up 79% to $45.1m • NPAT of $476k • Strong growth in underlying business: – EBITDA* of $4.0m, up from $1.4m FY13 – NPAT* of $3.2m – EPS* of 0.26 cen
Slide 3: A very busy year operationally
A very busy year operationally For personal use only A number of exciting developments over the year • Chinese footprint expanding, and international reach increasing – Vmoto now has 16 retail stores in China, plus 15 distributors – Agreements now in place in Vietnam, with samples sent to Taiwan and
Slide 4: Strong sustainable growth
Strong sustainable growth For personal use only Continuing to achieve sustainable growth Revenue EBITDA 50 45.1 5.0 $m 4.0 $m 40 4.0 3.0 30 25.2 2.0 1.4 20 1.0 9.8 0.0 10 -1.0 - -2.0 -1.3 FY12 FY13 FY14 FY12 FY13 FY14 • Revenue grew by 79% in FY14 • Underlying EBITDA* of $4.0m, up 179% • The company
Slide 5: Growth across all key financial metrics
Growth across all key financial metrics For personal use only Generating profits and cash NPAT Operating Cash Flows 4.0 1.0 0.7 3.2 $m $m 3.0 0.0 2.0 -1.0 1.0 0.6 -2.0 0.0 -2.0 -1.0 -3.0 -2.0 -4.0 -3.8 -3.0 -2.2 -5.0 FY12 FY13 FY14 FY12 FY13 FY14 • Underlying NPAT* grew by 466% • Four consecutive qu
Slide 6: Strong balance sheet
Strong balance sheet For personal use only • Debt reduced, assets increased by Key balance sheet items $7.1m (A$m) 31 Dec 14 31 Dec 13 • Inventory up $0.8m to $6.0m due Cash 3.9 4.4 to increased production levels to Other assets 27.9 20.3 meet demand Total assets 31.8 24.7 • Total operating facility
Slide 7: Production and sales continues to grow
For personal use only Production and sales continues to grow 7
Slide 8: Production and sales growth
Production and sales growth For personal use only Production and sales continues to grow as the company expands • Production and sales expected to 100,000 increase to >93,000 units in 2015 • Current production mostly consists of two-wheel vehicles 80,000 34,350 • Estimated production capacity of 28,
Slide 9: Well positioned to ramp up over the next three to five years
Well positioned to ramp up over the next three to five years For personal use only Production facility has capacity to handle increased demand • 30,000sqm state of the art manufacturing facility in Nanjing, China - wholly owned, fully paid for, equipped plant in key industrial zone - currently runni
Slide 10: A year of expansion and growth
For personal use only A year of expansion and growth 10
Slide 11: Expanding into high margin markets
Expanding into high margin markets Currently 16 company owned retail stores, plus 15 Chinese For personal use only distributors and dealers... …as well as progressing higher margin international distribution 11
Slide 12: Expanding into high margin markets
Expanding into high margin markets Over the past twelve months, Vmoto has delivered products or For personal use only samples to: • Brazil • Belgium International Unit Sales • Mexico • Vietnam 10,000 9,121 • Croatia • Iran 8,000 • Denmark • Taiwan • Malaysia • South Africa 6,000 • Japan • Italy 4,47
Slide 13: Nanjing Haiyong acquisition
Nanjing Haiyong acquisition For personal use only Vmoto acquires Nanjing Haiyong Electric Technology Co. • Nanjing Haiyong is an advanced electronic technology company focused on producing controllers, a key component in electric vehicle driving systems • The acquisition gives Vmoto access to electr
Slide 14: Patented handle bar technology agreement
Patented handle bar technology agreement Cooperation Agreement signed with Changzhou Dusheng For personal use only Electrical Equipment Co. • Agreement signed with the third largest handle bar manufacturer in China • Dusheng will pay a royalty to Vmoto based on the sales volume of handle bars that u
Slide 15: Joint venture to enter electric three-wheel and four-wheel vehicle markets
Joint venture to enter electric three-wheel and four-wheel vehicle markets New JV formed with a number of experienced partners in For personal use only China’s electric vehicle market • New JV will focus on design, manufacture and distribution of electric three-wheel and four-wheel vehicles for Chin
Slide 16: Outlook for FY15
Outlook for FY15 For personal use only International growth, targeting high margin opportunities • Continued focus on international sales – 9,121 units sold to international markets in 2014 • Development and production of new three- and four- wheel electric vehicles as part of the JV • R&D and produ
Slide 17: Summary
Summary For personal use only An exciting period lies ahead FY14 – profit and cashflows FY15 – benefits of scale to flow Capitalise on Target higher Increased Extended margin growing sales brand reach international demand sales Underlying Increase Expand product NPAT of Foundations NPAT line through
Slide 18: Global cooling, one kilometre at a time
For personal use only Global cooling, one kilometre at a time
Slide 19: Appendices
For personal use only Appendices 19
Slide 20: Vmoto's evolution
Vmoto’s evolution For personal use only 2010 – 2012 2013 2014 Vmoto adds to lucrative Vmoto launches its Vmoto extends brand reach 2009 supply agreements already own 1st two wheel internationally and acquires Nanjing Vmoto completes manufacturing secured, winning electric scooters in Haiyong. The co
Slide 21: Strong competitive position in world market
Strong competitive position in world market For personal use only No. 2 global vendor and clear contender to be leader • Global electric scooter market has developed two distinct vendors: - High-powered , higher priced scooters in North / South America and Europe - Those with cost structures suitabl
Slide 22: Key customers
Key customers For personal use only Name Description PowerEagle (China) Chinese company based in Shanghai, China and specialises in electric bicycles/scooters/ motorcycles. Brand name well known in China for product development and quality control E.On (Czech) A global top 500 company and has more t
Slide 23: Vmoto in China
For personal use only Vmoto in China 23
Slide 24: Disclaimer
Disclaimer For personal use only IMPORTANT NOTICE The information contained in this presentation is current as at 25 February 2015 and is provided by Vmoto Limited (ABN 36 098 455 460) (“Vmoto”) as a summary document for information purposes only. Any forward looking statements included in this pres
Slide 25: Contact
Contact For personal use only • Charles Chen, Managing Director – +61 (8) 9226 3865 – charles@vmoto.com.cn • Olly Cairns, Non-Executive Director – +61 (8) 9226 3865 – olly@vmoto.com 25