EHang Holdings Ltd. · NASDAQ:EH
EHang — Q4 2023 Earnings Presentation
20 slides from EHang's earnings presentation, Mar 15, 2024
Slide 1: Q4 2023 and FY2023 Operational & Financial Highlights
CHANG |[2Afi EH | Nasdaq Listed EHang Holdings Limited Q4 2023 and FY2023 Operational & Financial Highlights March 15, 2024 www.ehang.com
Slide 2: Disclaimer
B 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, com
Slide 3: Business Highlights for Q4 2023 and Recent Updates
B Business Highlights for Q4 2023 and Recent Updates * Quarterly Revenues Increased by 260.9% YoY, 97.8% QoQ, Fiscal Year Revenues Increased by 165.0% + Maintained Stable and High Gross Margin - Achieved Positive Operating Cash Flow in the Fourth Quarter of 2023 + Obtained the World's First Pilotles
Slide 4: The First and Only eVTOL to Obtain TC and Standard AC
§ The First and Only eVTOL to Obtain TC and Standard AC EH216-S has obtained Type Certificate (“TC”) and Standard Airworthiness Certificate (“AC”) from the Civil Aviation Administration of China ("CAAC”) in 2023, which are the world’s first TC and AC for pilotless passenger-carrying eVTOL. The certi
Slide 5: Strong Quarterly and Yearly Revenue Growth
§ Strong Quarterly and Yearly Revenue Growth > For the Fourth Quarter of 2023 > For the FY2023 Revenue YoY increase Revenue ; YoY increase AA 260.9% ws e = 5 6. G sinen RMB wail QoQ increase = 1 1 7. 4 Million RMB thea 165.0% 97.8% Gross Margin Delivery Gross Margin a Delivery @= A+ | Q= at == 64.7%
Slide 6: China Favorable Policies and Regulations Supporting UAM / Low-Altitude Economy
China Favorable Policies and Regulations Supporting UAM / Low-Altitude Economy ia ia iv Green Aviation Manufacturing Industry 2023 Central Economic Work Conference 2024 National Government Work Report Development Outline (2023-2035) Effective from Jan 2024 Dec 2023 Effective from Jan 2024 The first
Slide 7: EHang Pioneers China UAM Operations in Shenzhen
“Measures to Promote the High-Quality Development | EHang Pioneers China UAM Operations in Shenzhen of Low-Altitude Economy in Shenzhen” By 2025, Shenzhen plans to establish over 600 landing platforms for low-altitude aerial vehicles and set up more | than 220 flight routes within Shenzhen* + July 2
Slide 8: EHang Pioneers China UAM Operations in Guangzhou
‘| EHang Pioneers China UAM Operations in Guangzhou “The Detailed Rules for Implementation of Measures to Promote the High-Quality Development of the Low-Altitude Economy in Guangzhou Development <o District (Huangpu District)” | With subsidies up to RMB 30 million for eligible low- altitude industr
Slide 9: EHang Pioneers China UAM Operations in Hefei
‘| EHang Pioneers China UAM Operations in Hefei “The Action Plan for Low-Altitude Economic Development of Hefei (2023-2025) with 20 guidelines” Proposed to build a low-altitude economy cluster, a testing and airworthiness certification base, a flight service and management platform, and set up comme
Slide 10: EHang Pioneers China UAM Operations in Wuxi
‘| EHang Pioneers China UAM Operations in Wuxi | In March 2023, EHang cooperated with the local government in Wuxi for UAM. EHang received intentional purchase orders for 100 units of EH216-S. © The local governments will provide comprehensive support for EHang’s eVTOL future operations in Wuxi for
Slide 11: Strategic Partnership with GAC Group, GADD, Huangpu GDD
§ Strategic Partnership with GAC Group, GADD, Huangpu GDD eG © fe) —J rsa a | ie 1] CHANG HUE OERD (601238.SH, 02238.HK) (Nasdaq: EH) e e e + Airspace management | + Extensive expertise in smart | + Expertise in developing and + Infrastructure development manufacturing . ; . integrating passenger UA
Slide 12: Expansion in UAE: SAVI Cluster Member and Partnership with Wings Logistics Hub
Expansion in UAE: SAVI Cluster Member and Partnership with Wings Logistics Hub* * Wings Logistics Hub is a passenger eVTOLs (smart mobility) and logistics te CHANG | (2An Ethmar International Holding LOGISTICS HUB Andy a) Adal ad CHANGIIZ@A | Wines | EIH(>) EHang has become a member of the Smart and
Slide 13: Expansion in European Market for Urban Air Mobility
HB Expansion in European Market for Urban Air Mobility In November 2023, EHang announced the inauguration of our first In February 2024, EHang and Telefonica Tech partnered European UAM Center in Spain. on network connectivity to boost Urban Air Mobility. CHANG | [2ffi 13
Slide 14: Financial Performance for Q4 2023 and FY2023
Financial Performance for Q4 2023 and FY2023
Slide 15: -1.4Pp -1.8Pp
• • • 56,604 15,683 260.9% 117,426 44,317 165.0% 36,618 10,365 253.3% 75,311 29,219 157.7% 64.7% 66.1% -1.4Pp 64.1% 65.9% -1.8Pp (64,160) (73,203) -12.4% (226,311) (242,365) -6.6% (24,874) (61,339) -59.4% (144,767) (207,052) -30.1% (22,143) (59,445) -62.8% (138,833) (206,174) -32.7%
Slide 16: Condensed Consolidated Balance Sheets
I} Condensed Consolidated Balance Sheets 4 As of December 31, 2022 As of December 31, 2023 (RMB '000) (Audited) (Unaudited) Current assets: Cash and cash equivalents 249,310 228,250 Short-term deposits - 14,397 Short-term investments - 57,494 Restricted short-term deposits ° 33,942 Accounts receivab
Slide 17: Condensed Consolidated Statements of Comprehensive Loss
i Condensed Consolidated Statements of Comprehensive Loss (RMB*000) unaudited) _(Unaudites) _—_(aucted)——_(Unauitea Total revenues 15,683, 56,604 44,317 117,426 Costs of revenues (5,318) (19,986) (15,098) (42,115) Gross profit 10,365 36,618 29,219 75,311 Operating expenses: Sales and marketing expen
Slide 18: EHang Investment Highlights
EHang Investment Highlights IANG | (28 Lead in UAM/Low-Altitude Economy, a Strategic Emerging Industry at a Pivot Point with Massive and Fast-Growing Market Potential and Favorable Policies The World's First Pilotless Passenger-Carrying eVTOL TC and AC Global Market Leader and First Mover of Commerc
Slide 19: Upcoming Events
§ Upcoming Events CITIC Securities Spring Capital Market Forum fm March 21-22, 2024 Q Wuhan, china Goldman Sachs TechNet Conference Asia Pacific 2024 cal May 21-22, 2024 9 Hong Kong, China Jefferies 2nd Annual eVTOL / AAM Summit l (4 May 30, 2024 @ New York, United States | : ij iy | Maver. i apg -
Slide 20: Thank You
THANK YOU CHANG [2A EH | Nasdaq Listed € 3 o a c S £ 2 = = =