Cheche Group Inc. · NASDAQ:CCG
Cheche — Investor Presentation (March 2024)
19 slides from Cheche's investor presentation, Mar 7, 2024
Slide 1: Leading Insurtech Company: Technology Enables Better Lives
Leading Insurtech Company Technology Enables Better Lives CHECHE GROUP
Slide 2: Mission, Vision and Values
M ISSON Making insurance transactions easier to provide better well - being and value for our customers and partners V ISION Diversified risk protection for millions of customers V ALUE Customers first Genuine and reliable Collaboration for mutual success 2
Slide 3: Management Team
• Former CEO at Cloud Power • Former Executive VP at Datang Capital • Former Technology Director at Huawei Technologies LEI ZHANG Founder & CEO MANAGEMENT TEAM JIANXIANG ZHOU CTO • Former CTO at Cloud Power • Former R&D Director at Potevio • Former Senior R&D Director at Tsinghua Tongfang TING LIN C
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS LARGE MARKET OPPORTUNITIES Well - positioned to capture further momentum from continued growth and evolution of digital insurance transformation markets and the new energy industry, especially the NEV sector 1 2 MARKET LEADER Leading digital auto insurance distribution and serv
Slide 5: Cheche at a Glance
Note: All metrics as of September 30, 2023 1. In terms of total insurance premiums in 2021, based on market share of independent technology - empowered platforms for auto insurance transaction service in 2020 reported by iResearch. 2. Number of policies includes both mandatory and commercial policie
Slide 6: We Provide One-Stop Insurance Solutions
New Policy Renewal Claim & Repair Value - added Services SaaS System for Auto Dealers and Repair Shops Online Insurance Transaction for Individuals EV Maker Dealers Auto Dealers Repair Stores Over 4,500 Car Owner s Owners Agents API Docks Policy Management Claim Docks Channel Management Commission &
Slide 7: SaaS Platform for Intermediaries; AI-Driven Data Analytics; EV Insurance Solutions
2 SAAS PLATFORM FOR INTERMEDIARIES Compliance & Leverage Operation Back - End Business Settlement Security Organization Reports Mobile Promotion User Operation Channel Operation Front - End Users 4 AI - DRIVEN DATA ANALYTICS SOLUTIONS 1 EV INSURANCE SOLUTIONS 2.0 Mobile App for Owners New Policy Ren
Slide 8: Our Unique Value Proposition
VALUE PROPOSITION FOR CONSUMERS VALUE PROPOSITION FOR INSURERS AND INSURANCE INTERMEDIARIES Customer acquisitions at scale Customer insights SaaS and tools Digitalized operations Product innovation Broad consumer choice Highly integrated into consumer touchpoints Customized pricing Tailored recommen
Slide 9: Broad Client / Partner Base with Unique Product Offerings and Growth Potential
BROAD CLIENT / PARTNER BASE WITH UNIQUE PRODUCT OFFERINGS AND GROWTH POTENTIAL CONSUMERS THIRD PARTY PLATFORMS REFERRAL PARTNERS/INTERMEDIARIES ~44MM registered vehicles INSURERS ALL top tier carriers Agents / sales personnel 4,500+ intermediary SaaS users UNLOCK SIGNIFICANT CROSS - SELLING POTENTIA
Slide 10: Embedded Insurance Solutions for 10+ EV Makers
Customers include market disrupting EV newcomers, traditional auto manufacturers and joint venture EV makers. BUILD EMBEDDED INSURANCE SOLUTIONS FOR 10+ EV MAKERS . . . 10
Slide 11: Transition from Digital to Smart Insurance
2022 2030 2014 2020 ONLINE & DIGITIZED INSURANCE SMART INSURANCE ECOSYSTEM 1 Million+ Referral Partners 4,500+ Insurance Intermediaries ~100 Insurance Companies 400+ Third Party Platforms 10+ Top EV Makers Industry Platforms TRANSITION FROM DIGITAL TO SMART INSURANCE Auto Insurance Marketplace Digit
Slide 12: Stages of Evolution of Auto Insurance Market
PERSONAL - MOBILITY INSURANCE 3 STAGES OF EVOLUTION OF AUTO INSURANCE MARKET 12 The evolution of the broader personal - mobility - insurance ecosystem will have both immediate and long - term impacts. Auto Insurance Affected by OEMs • L0 - L2 vehicles become mainstream passenger cars • L3 vehicles s
Slide 13: Massive Auto Insurance Market in China with Robust Growth
$120B $113B $122B $133B $144B $53B $57B $68B $84B $104B $173B $169B $190B $218B $248B Premiums of China’s Property Insurance Market Auto Insurance Non - Auto Insurance 320M Cars in China in 2022 to reach 370M Cars in China in 2024 MASSIVE AUTO INSURANCE MARKET IN CHINA WITH ROBUST GROWTH $122B Auto
Slide 14: Growing Electrical Auto Market in China
2,366 2,225 2,003 1,859 1,778 1,667 1,493 1,328 272 500 573 655 57 148 323 536 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 500 1,000 1,500 2,000 2,500 3,000 2017A 2018A 2019A 2020A 2021A 2022A 2023E 2024E 2017A – 2024E Domestic NEV Sales Estimation ICEV EV PHEV NEV Penetration Rate Penetration Rate
Slide 15: International Exploration Following the Chinese EVs
In 2023, China’s auto exports ranked first in the world. Cheche will offer localized insurance system, product design and business consultation services to facilitate the globalization of China’s EVs. MIDDLE EAST Negotiated with local sovereign fund and made visits INTERNATIONAL EXPLORATION FOLLOWIN
Slide 16: Business Growth
3.3M 4.0M Q3'22 Q3'23 50k+ New Referral Partners 1 Q3 2023 BUSINESS GROWTH 1. As of September 30, 2023. 4,500 Insurance Intermediaries 1,900 Insurance Company Contracts Q3’23 Highlights $598M $773M Q3'22 Q3'23 Policy Transaction Scale Policy Transaction Volume (Policies) 16
Slide 17: Third Quarter Financial Summary
Three Months Ended September 30, Nine Months Ended September 30, 2023 2023 2022 2023 2023 2022 In Millions (USD) (RMB) (RMB) (USD) (RMB) (RMB) (¥ / $) $334 ¥2,434 ¥1,905 $113 ¥823 ¥745 Net Revenues ($320) (¥2,337) (¥1,810) ($108) (¥785) (¥715) Cost of Revenues $13 ¥97 ¥95 $5 ¥38 ¥30 Gross Profit ($3
Slide 18: Social Responsibilities
SOCIAL RESPONSIBILITIES LOW CARBON Paperless policy + clean energy CHARITY Co - build 3 elementary schools to improve rural education SOCIAL VISION Contribute to national social security system 18
Slide 19: Thank You
THANK YOU Technology Enables Better Lives NASDAQ Code: CCG