Suncar Technology Group Inc. · NASDAQ:SDA
Suncar Technology — Investor Presentation (February 2026)
37 slides from Suncar Technology's investor presentation, Feb 3, 2026
Slide 1: Leading Technology Platform For B2B Auto eInsurance & Services
1 Leading Technology Platform For B2B Auto eInsurance & Services Investor Presentation February 2026
Slide 2: Forward-looking statements disclaimer
2 This investor presentation may contain forward - looking statements within the meaning of Section 21 E of the Securities Exchange Act of 1934 , as amended, and Section 27 A of the Securities Act of 1933 , as amended . All statements other than statements of historical fact are “forward - looking s
Slide 3: SunCar Investment Highlights
3 SunCar Investment Highlights SunCar is an innovative AI cloud platform providing integrated B2B auto insurance and services in China. For the twelve months ending September 30, 2025, SunCar enabled the sale of 7.2 M insurance contracts & completed 23 .2 M a uto service transactions on its platform
Slide 4: Company Profile
4 Company Profile
Slide 5: SunCar Overview
5 SunCar Overview Sustained Growth Driven by a Unique Technology Platform Company Highlights Key Financial Metrics (1) • SunCar’s $1.4m Net Income in Q3 2025 shows the Company’s improving profitably while it continues to grow and innovate • Founded in 2007, SunCar ’s platform leverages AI to dramati
Slide 6: SunCar at a Glance
6 SunCar at a Glance Established Partnerships and Strong Growth Driven by Leading Technology 1,48 0 Enterprise Clients & Partners in China with Marquee Customer Base $467M Total LTM Revenue ~7 .2 M Auto e Insurance Transactions Completed (1 ) ▪ 4 95%+ Enterpris e Customer Retention ( 2 ) 64,000+ Sal
Slide 7: SunCar Solves Key Challenges in China's Auto Sector
7 Auto eInsurance Sector Auto Service Sector SunCar Solves Key Challenges in China’s Auto Sector China’s Auto Insurance and Services Sectors are Rapidly Digitalizing Auto Service Provider Pain Points End - Customer Pain Points Auto Manufacturer Pain Points Limited Contact with Customers Post - Sale
Slide 8: China's EV Market Boom Driving SunCar Growth
8 China’s EV Market Boom Driving SunCar Growth SunCar is Uniquely Positioned to Benefit from China’s EV Market Leadership (1) Source: Autoweek , Dec. 2025 (2) Chinese Government EV100 (3) Business Insider China’s EV Market Highlights Autonomous Driving Technologies in New Passenger Vehicles Sold in
Slide 9: SunCar's AI Capabilities
9 SunCar’s AI Capabilities (1) SunCar’s Data and Tech Assets Lead the Market Artificial Intelligence for Automotive Services SunCar's AI Capabilities and ByteDance Integration Crea te a Compelling Solution for Partners Company is well - positioned to be the leader in AI technology for automotive ins
Slide 10: Innovating the Use of AI to Integrate Auto Insurance and Services
10 Innovating the Use of AI to Integrate Auto Insurance and Services SunCar’s AI Cloud is Leveraging AI to Create an Intelligent and Integrated Mobility Solution
Slide 11: Leading AI Applications in Transportation
11 10 Leading AI Applications in Transportation SunCar’s Platform is Integrating ByteDance AI Capabilities and Rolling Out AI - Powered Mobility Solutions Autonomous Vehicles Customer Service Chatbots Predictive Maintenance Insurance Fraud Detection Driver Behavior Analytics Intelligent Driver Care
Slide 12: Marquee Enterprise Customers & Partners
12 Marquee Enterprise Customers & Partners Unique Value Proposition for Enterprise Customers & Partners SunCar’s Technology & Data Integrations Create Significant Barriers to Entry Multi - Tenant AI Cloud Platform Nation - wide Coverage x A leading AI - powered cloud - platform to streamline and dig
Slide 13: Experienced and Innovative Management Team
13 M r . Zaichang Ye Co - Founder, Chairman & CEO • 24 years of Management & Entrepreneurship experience • 16 years of Auto Service experience • Serial entrepreneur with multiple successful exits SunCar’s Management has Unique Experience Leveraging AI in China’s Auto Insurance and Services Sectors M
Slide 14: Auto Insurance and Services Markets in China
14 Auto Insurance and Services Markets in China
Slide 15: China has the Largest and most Innovative Auto Market in the World
15 China has the Largest and most Innovative Auto Market in the World China is the Largest and Most Innovative Car Market (1) Hedges & Company – Estimated (2) CEIC Data: China Number of Registered Vehicles (3) Wall Street Journal – Estimated (4) ACEA – Estimated 16M 11M 31M US EU China Registered Ca
Slide 16: China's Auto Insurance Industry
16 China’s Auto Insurance Industry (2) (3) $121B Total Market (2) (3) ~$130B (1) Total Auto Insurance GMV Based on a $2.5B total GMV, SunCar has an implied market share of ~2 - 3% , presenting significant potential for revenue expansion ~$3.4B (2) SunCar eInsurance GMV Projected Growth in China’s Au
Slide 17: SunCar Auto eInsurance – Serviceable Market
17 SunCar Auto eInsurance – Serviceable Market PICC 32% PingAn 25% Pacific Insurance 13% Companies 4 - 10 21% Others 9% Top - 10 Market Share: ~91% x SunCar’s platform is integrated with 85+ insurance companies’ systems, including connections to the top 10 Insurers x Technology integrations with top
Slide 18: Technology-Enabled Auto Insurance
18 Technology - Enabled Auto Insurance
Slide 19: Maturing EV Partnerships Accelerating Revenue Growth
19 Maturing EV Partnerships Accelerating Revenue Growth Deepening EV Partnerships with Innovative AI Features Driving GMV and Services Expansion Commentary • SunCar’s share of revenue split with EV partners on policy renewals can be up to 3x greater than its revenue split with partners on new polici
Slide 20: Customer Case Studies
20 Customer Case Studies (1) Autovista Research (2) Dollar amount of insurance policies generated by the customer on SunCar’s platform f EV OEM Sales Partners Overview • Generate incremental revenue through sale of insurance during new car purchase • Increased owner connectivity improves post - sale
Slide 21: AI-Powered Auto Insurance Made Easy
21 AI - Powered Auto Insurance Made Easy ByteDance’s (TikTok Parent) Algorithm Delivers Highly Personalized Policy Recommendations Step 1: Complete Information Step 2: Review Plan Step 3: Confirm Policy Step 4: Receive Approval Insurance Confirmation Insurance Company Insurance Information City Shen
Slide 22: China's Leading Digital Auto Insurance Platform
22 China’s Leading Digital Auto Insurance Platform Online Quotation and CRM System No Underwriting Risk or Loss Exposure Direct Connection to Insurance Database System Features Highly Integrated Highly Secure Cloud Based AI - Powered Accuracy Hassle Free Strong eInsurance GMV Growth ($M) Online Auto
Slide 23: Digitalized Platform for Auto Service
23 Digitalized Platform for Auto Service
Slide 24: Marquee Customers with Significant Land and Expand Opportunities
24 >300 Insurance Companies Marquee Customers with Significant Land and Expand Opportunities • SunCar is Winning Corporate - level Contracts at Large Enterprises such as CCB and PICC due to the Unique Scope of its Auto Servic e Network • Expansion and Exclusivity Trends in Existing Customers such as
Slide 25: Strong Momentum and Market Share Expansion in Auto Service
25 Strong Momentum and Market Share Expansion in Auto Service Large Scope and Scale of Auto Services Integrating Creating Strong Synergies with Insurance Partners Full - Service Coverage Key Financial Metrics Offering the full spectrum of Auto Services to Enterprise Clients • 300+ types of services
Slide 26: Auto Service Go-to-Market Strategy
26 Auto Service Go - to - Market Strategy x 1 - 5 year contracts with automatic extensions & certain minimums x 95%+ enterprise customer retention (1) and low revenue concentration across top 5 customers x End - customer does not pay for service with direct payments from the enterprise to SunCar x G
Slide 27: SunCar Auto Service Platform – Business Model
27 SunCar Auto Service Platform – Business Model Connecting to Over 48,000 Suppliers and Car Service Vendors 1,480+ Enterprise Clients Bank Bank Customer SunCar Auto Service Platform $ (Revenue) $ (COGS) Vendor 1 Vendor 2 Vendor 3 x Customizable menu x Nationwide coverage x 48,000 vendor options acr
Slide 28: Financial Summary
28 Financial Summary
Slide 29: SunCar's Commitment to Profitability
29 SunCar’s Commitment to Profitability Clear Path to Net Income as Business Model Strengthens • SunCar is focused on profitable growth driven by its transition to delivering predominantly embedded mobility applications with fewer humans - in - the - loop • Strengthened partnerships with 20 EV custo
Slide 30: Revenue Summary
30 Revenue Summary Note: Revenue and revenue CAGR based on USD revenue for period of fiscal years 2022 to LTM as of September 30, 2025 Revenue Growth ($M) LTM Revenue Breakdown • Strong LTM performance in - line with historical growth in the business • Revenue growth fueled by the eInsurance segment
Slide 31: Operating Expenses, Net Income, & Adjusted EBITDA
31 Operating Expenses, Net Income, & Adjusted EBITDA (1) Includes large non - cash expense related to one - time compensation costs for equity classified awards (both for the subsidiary and the Group) LTM Operating Expenses Breakdown Adjusted EBITDA And Net Income ($M) • Integrated service cost incr
Slide 32: Adjusted EBITDA Bridge
32 Adjusted EBITDA Bridge Commentary (1) Non - cash expense related to compensation costs for equity classified awards (both for the subsidiary and the Group) (2) Includes non - recurring transaction related fees and expenses associated with the Company’s Business Combination and prior and su bseque
Slide 33: Strategic Roadmap
33 Strategic Roadmap SunCar Expects to be Well Positioned to Capitalize on an Expanding Market & Grow into a Leading B2B Vertical Technology Busin ess SunCar’s Next Phase • Expanding market share in a $130B (1) high margin, insurance industry with co - development of a broader range of applications
Slide 34: Appendix
34 Appendix
Slide 35: Historical Profit & Loss
35 Historical Profit & Loss 1) Revenue decline in Auto Service was the result of a deliberate decision by SunCar management not to pursue certain lower - marg in contracts in the first 9 months of 2025 (1) LTM as of Sept. 30, 2025 FY2024A FY2023A FY2022A ($ in millions) Revenue $201 $171 $118 $68 Au
Slide 36: Adjusted EBITDA Reconciliation
36 Adjusted EBITDA Reconciliation (1) Non - cash expense related to compensation costs for equity classified awards (both for the subsidiary and the Group) (2) Includes non - recurring transaction - related fees and expenses associated with the Company’s Business Combination and prior and su bsequen
Slide 37: Thank You
37 T hank You www.SunCartech.com
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