Slide 1: Second Quarter 2023 Financial Results
Second Quarter 2023 Financial Results August 9, 2023
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements Non-GAAP Financial Measure This presentation contains statements that are forward-looking statements within the meaning of the U.S. We use adjusted EBITDA in evaluating our operating results and for financial and operational decision- Private Securities Litigat
Slide 3: Strategy
ecar >< Strategy
Slide 4: Mobility-tech provider, with solid R&D credentials
Mobility-tech provider, with solid R&D credentials Revenue Gross Margin 952mn 298mn Up 45% YoY GM% 31.3% Products in Vehicles Employees Engineers 5.2mn ~2,000 +1,500 As of June 30, 2023 Currency in Chinese Yuan (RMB) All copyright shall belong to ECARX. No person shall copy or distribute any or all
Slide 5: Operations
ecar >< Operations
Slide 6: Growing presence on three continents
Growing presence on three continents Chengdu, China Beijing, China London, UK Gothenburg, Sweden Suzhou, China Dalian, China Shanghai, China Kuala Lumpur, Malaysia Wuhan, China San Diego, USA Hefei, China Stuttgart, Germany Hangzhou, China Ningbo, China All copyright shall belong to ECARX. No person
Slide 7: Gaining customer traction for our digital cockpits
Gaining customer traction for our digital cockpits Antora Series ECARX Antora ECARX Antora ECARX Makalu 1000 1000 Pro Intelligent cockpit Intelligent cockpit computing platform Intelligent cockpit computing platform computing platform Flagship SoC Flagship SoC Equipped with SE1000 2x SE1000 AMD All
Slide 8: The heart of a differentiated partnership ecosystem, designed for innovation and growth
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: JICA accelerates efforts to grow revenue and diversify customer base
JICA accelerates efforts to grow revenue and diversify customer base Technology company jointly established by ECARX and Geely in 2021 Full stack R&D capabilities for autonomous driving Further advances ADAS capabilities Increases R&D capabilities, improves centralized electrical architecture offeri
Slide 10: Lynk & Co 08 – full ECARX product stack included
Lynk &Co 08 – full ECARX product stack included ECARX Antora 1000 Pro Flyme Auto ADAS Level 2+ Capabilities 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 11: Financials
ecar >< Financials
Slide 12: Q2 2023: solid performance and improved profitability
Q2 2023: solid performance and improved profitability Currency in Chinese Yuan (RMB) Revenue Gross Margin 952mn 298mn +45% yoy GM% 31.3% Adj. EBITDA1 Total Cash2 (158)mn 925mn Improved by 89mn yoy w/o SBC adjustment Up 24mn from Dec 31 1) Non-GAAP. For more information on non-GAAP financial measures
Slide 13: Business is seasonal, building to the fourth quarter peak
Business is seasonal, building to the fourth quarter peak Q4 ~40% Q1 ~17% Q2 ~20% Q3 ~23% Q1 Q2 Q3 Q4 2021 2022 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 violation
Slide 14: Summary
ecar >< Summary
Slide 15: Summary
Summary 1 Industry trends are powering strong sectorial growth 2 We operate in a large and growing market 3 Focused execution against a well-defined growth strategy 4 Differentiated technology and product vision 5 Expanding global capabilities in innovation and engineering All copyright shall belong
Slide 16: Q&A
ecar >< O&A
Slide 17: Appendix
ecar >< Appendix
Slide 18: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of June 30 As of As of June 30 December 31 (Unaudited) December 31 (Unaudited) Millions, otherwise noted 2022 2023 2022 2023 RMB RMB US$ RMB RMB US$ ASSETS LIABILITIES Current assets Current liabilities Cash 860.5 850.4 117.3 Short-term borrowings 870.0
Slide 19: Condensed consolidated balance sheets
Condensed consolidated balance sheets As of As of June 30 December 31 (Unaudited) Millions, otherwise noted 2022 2023 RMB RMB US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - - Additional paid-in capital 5,919.7 5,971.9 823.6 Accumulated deficit (5,730.2) (6,110.8) (842.7) Accumulated other comprehensi
Slide 20: Consolidated statements of operations and comprehensive loss
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, otherwise noted 2022 2023 2022 2023 2022 2023 2022 2023 RMB RMB US$ RMB RMB U
Slide 21: 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 22: 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.