nov2020 - geely auto · neev vs ice models under the current portfolio (models) ice. bev. hev....
TRANSCRIPT
Corporate Presentation
Nov 2020
Sales Performance
Oct 2020 Jan-Oct 2020
Overall: 140,260 units +8% YoY 1,015,498 units -7% YoYDomestic: 129,495 units +2% YoY 966,481 units -7% YoYExports: 10,531 units +253% YoY 49,017 units -5% YoY
NEEV*: 5,826 units -43% YoY 54,142 units -39% YoY
Sedans360,309 units -15% YoYSUVs632,076 units -1% YoY
MPV23,113 units -17% YoY
*New Energy and Electrified Vehicle which including MHEV,HEV,PHEV and BEV at this moment.1
Sales Performance
Source: The Company, CAAM
0
50,000
100,000
150,000
200,000
Monthly Sales Volume (Units)
domestic exports
-50%
0%
50%
100%
150%
Domestic Sales Volume (3MMA+/-%)
2
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
Market Share
0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%
020406080
100120140160
Annual Sales Volume & Market Share
Preface & Xingyue
-
1,000
2,000
3,000
4,000
5,000
Monthly Sales Volume of Xingyue (Units)
3
Boyue & Borui
• Borui GE: the B segment sedan was awarded the“Grand Car in China”
• Boyue is one of the best-selling SUVmodels in China & Malaysia.
Geely’s SUV Sales Volume Ranking
Country 2019 2020H1
China #3 #3
Malaysia #1 #1
05,000
10,00015,00020,00025,00030,00035,00040,000
Monthly Sales Volume of Boyue & Borui (Units)
Boyue Borui
4
Binrui & Binyue & Icon
• All 3 models are based on BMA platform• Binyue Launched in Malaysian Market in
Aug 2020.
-
5,000
10,000
15,000
20,000
25,000
30,000
Monthly Sales Volume of Binrui, Binyue & Icon (Units)
Binrui Binyue Icon
5
Jiaji & Haoyue
First Geely Brand MPV
7-seater SUV
-
1,000
2,000
3,000
4,000
5,000
6,000
Monthly Sales Volume of Jiaji (Units)
01000200030004000500060007000
Sales Volume of Haoyue (Units)
6
New Emgrand & Vision Family
New Emgrand remains the best-selling sedan model among local brands.
010,00020,00030,00040,00050,00060,00070,000
Sales Volume of Emgrand Family (Units)
Emgrand Sedan Emgrand GS
-
10,000
20,000
30,000
40,000
50,000
60,000
Sales Volume of Vision Family (Units)
Vision Vision SUV X3 S1 X1
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LYNK & CO
0
5000
10000
15000
20000
25000
Monthly Sales Volume of Lynk & Co (Units)
01 02 03 05 06
Lynk & Co Club Amsterdam8
Powertrain Electrification Strategy
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4
11
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NEEV vs ICE models under the current portfolio (Models)
ICE BEV HEV PHEV
Full range of electrified powertrains from MHEV to pure electric.
• Motor 45kW• 260V
application• Torque boost• Brake energy
recovery
HEV
• Motor 10kW• 48V Application• Torque assist• Start stop
MHEV
• Turbo Charger
• GDI• 7DCT
ICE
• Motor 60kW• High voltage
application • E-Drive• Brake energy
recovery
PHEV
• 3 in 1 power management system
• Motor capacity up to 200kw
BEV
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New Energy and Electrified Vehicles
XingyueMHEV/PHEV
ICON MHEV Boyue pro MHEV Jiaji ePro
Borui ePro Emgrand GLPHEV
Binyue ePro
03 PHEV
Geometry C
Geometry A
01 MHEV/HEV
EmgrandEV500
02 PHEV
Emgrand GSe
01 PHEV
0 20000 40000 60000 80000 100000 120000
2016201720182019
2020*
NEEV Sales Volume (units)
0 100 200 300 400 500 600
2016201720182019
2020*
Range per Charge (km, NEDC)
*Jan- Oct 2020
0 50 100 150 200 250 300
2016201720182019
2020*
Price Range (RMB'000)
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Modular Architecture Development
Higher Commonality
Rate
Lower Manufacturing
Cost
• Modular Architectures (BMA,CMA,SPA,SEA) to cover the entire product line
• A0/A/B/C/D/E segments with versatile powertrain options
• Advanced flexible E/E structure
Shorter Development
Cycle
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CMA BMA
Sustainable Experience Architecture
Hardware level
Software level
Ecosystem level
• Pure Electrical Modular Architecture;• Wide Band width covering A-E
segment;• Cloud based electric component
management;• Centralized Domain control E/E
structure;• Fully Autonomous Driving from 2025;• SEA OS to facilitate the future EV
ecosystem;• Open-Source Electric Vehicle
Architecture12
浩瀚 SEA
Autonomous Driving Road Map
2021Basic Driver
Assistant
2025Fully AD
2023Advanced ADOn open Road
2022Advanced AD
On structural Road
• Fast roll-out & mass deployment
• As basis of data driven
• Shadow Mode • OTA Mode
• L4 Light• Maximize the
duration of continuous auto pilot
• Rich Scenes; Cross-layer Packing, Random Parking, hands-off/eyes off in particular scene
• Apply L4 (unsupervised) to the scenes like parking, highway, urban, etc. in specified regions
• Based on technology as full stack SW, HD maps, super brain, etc.
• Achieve fully auto pilot
The modular Architectures are designed for Full Autonomous Driving of future.
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New Products
Smart Feature Luxury
Co Pilot Full AD
700+kmNEDC
150-220mmAir suspension
100% FOTAFull cycle full Scenarios
<4S Acceleration
Power Door Frameless electric door
AI MateSmart cockpit
80+km/hElk test
LCD BespokeCustomization
The Preliminary NEW products for2021:• Lynk & co Zero concept• Lynk & co B segment SUV• CMA platform based Boyue• Brand new Emgrand sedan• Facelift and new energy versions
of existing models
Lynk & Co Zero Concept The First Model on SEA Platform
Scheduled for launch by end 2021
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Auto Finance Joint Venture
Retail Contracts(unit)
Total Outstanding(RMB Mn)
Geely Brand Retail Penetration
Net Profit(RMB Mn)
168 302
448
210
2017 2018 2019 2020H1
9,655 19,263
31,592 34,819
2017 2018 2019 2020H1
13%18%
29% 33%
2017 2018 2019 2020H1
48 217
509 423
2017 2018 2019 2020H1
• Retail NPL (non-performingloan:+60 days) at 0.18% in2020H1
• Ranked No.1 in the retailcredit segment of J.D. Power2020 China Dealer FinancingSatisfaction Study
K
KK
K
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Environmental, Social & Governance (“ESG”)
Received an MSCI ESG Rating of AA
Ranked top 20 among HSI constituents in the “Hong Kong Business Sustainability Index”
During Jan – Oct 2020, NEEVs contributed to 5.3% of total sales volume. For Jiaji, Xingyue & Icon, NEEVs accounted for almost half of their total sales volume
About 70% existing products offer NEEV versions
Geometry C, a pure electric SUV, was launched in Q2
Lynk & Co 06 launched in Q3 offered NEEV versions
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Financial Performance
CAGR: Compound Annual Growth Rate
0.0%5.0%
10.0%15.0%20.0%25.0%30.0%35.0%
Return of Equity
-
20,000
40,000
60,000
80,000
100,000
Average Ex-factory Prices (RMB)
10Yrs CAGR 6.4%
- 2,000 4,000 6,000 8,000
10,000 12,000 14,000
Net Profit (RMB Mn)
10Yrs CAGR 20.14%
(10)
-
10
20
30
40
Cash DPS (HK cents)
10Yrs CAGR 26.9%
020000400006000080000
100000120000140000
Export Sales Volume (Units)
17
- 200,000 400,000 600,000 800,000
1,000,000 1,200,000 1,400,000 1,600,000
Sales Volume (Units)
10Yrs CAGR 15.3%
Geely Automobile in FiguresYear started: 1998
Total workforce: 43,000 (on Dec. 31th, 2019)
Manufacturing facilities: 11 plants in China + 1 JV plant in Belarus
Products: 17 major models under 4 platforms & 2 modular architecture
Branding:• “Geely” brand for mass market;• “Lynk&Co” brand for high end market;• “Geometry ” brand for BEV market
Services:• More than 969 Geely dealers ,163 Geometry dealers and 284 LYNK & CO dealers in China.
17 sales agents, 327 sales and service outlets in 17 oversea countries;• Vehicle finance JV with BNP Paribas Personal Finance
2019 Sales Volume: 1,361,560 units
2019 Revenues: US$12.40 billion
Credit Rating: S&P:BBB-/Negative; Moody’s Baa3/Stable
Market Capitalization: US$26.64 billion (on Nov 9th, 2020)
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Important NoticeThe information contained herein is meant for presentation purposes only and may not be usedand relied upon by any other party. It is not to be taken in substitution for the exercise ofjudgement. You shall be solely responsible for making your own independent investigation of themerits of the discussions mentioned in this presentation. Geely Automobile Holdings Limited doesnot make any representations, warranty or guarantee as to the accuracy, completeness orcorrectness of the contents contained herein. The reproduction and/or dissemination of thecontents herein is prohibited without our prior approval. Geely Automobile Holdings Limited and itsofficers, directors and employees accept no liability whatsoever for any direct or consequentialloss howsoever arising from any use of this presentation or further communication given inrelation to this presentation or its contents or otherwise arising in connection therewith.
Note: Sources of all data contained in this presentation are from Geely Automobile HoldingsLtd.,except specified otherwise.
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