April 2016 - Geelygeelyauto.com.hk/core/files/presentation/sc... · Dec-2015 Dec-2014...

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Corporate Presentation April 2016

Transcript of April 2016 - Geelygeelyauto.com.hk/core/files/presentation/sc... · Dec-2015 Dec-2014...

Page 1: April 2016 - Geelygeelyauto.com.hk/core/files/presentation/sc... · Dec-2015 Dec-2014 Shareholders’ equity 19,524 17,288 +13% Net cash## 7,279 4,739 +54% * Gross profit margin ratio

Corporate Presentation

April 2016

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93,330 units -1% YoY

12,280 units -33% YoY

Overall: 143,323 units, +2% YoY Domestic: 137,537 units +6% YoY

Exports: 10,346 units -44% YoY

Sales Performance 1st Quarter 2016

A-segment Sedans

(EC7+New Emgrand+GC7+SC7+Vision)

SUVs (GX7+SX7+GX9+NL3)

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Sales Performance 1st Quarter 2016

Vision

(35,939 units +23%YoY)

KingKong

(22,625 units +26%YoY)

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

201

0 4 7

10

201

1 4 7

10

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2 4 7

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3 4 7

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4 4 7

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exports

domestic

Monthly Sales Volume

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Domestic Market

• Sales volume in China rose 35% in 2015 due to the strong demand for New Emgrand, New Vision and GC9 models

• Sales volume in first three months of 2016 was supported by good demand for New Vision, GC9 and the upgraded version of Kingkong. Sales volume growth rate however continued to slow down due to higher base for comparison

-60%

-40%

-20%

0%

20%

40%

60%

80%

201

1 5 7 9

11

201

2 3 5 7 8

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201

3 3 5 7 9

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201

4 3 5 7 9

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5 3 5 7 9

11

201

6 3

Domestic Sales Volume (3MMA+/-%)

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Dealer/Brand Restructuring

2 brands & 2 dealer networks

3 brands & 3 dealer networks

(2008)

1 brand & 1 dealer network

(2014)

941 976 973 981

1068

943

838

751

694 685

500

600

700

800

900

1000

1100

Number of Dealers in China

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Key Model – New Emgrand

• Enhanced safety & comfort

• New turbo engines with larger power & better fuel efficiency

• New 6-speed manual gearbox

• NVH noise cancellation technology

• Enhanced storage space

• Bosch’s V9.0 ABS+EBD

• HHC (Hill Hold Control)

• ESC (Electronic Stability Control)

• G-Netlink infotainment system with voice control

• G-Link mobile connectivity system

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0

5,000

10,000

15,000

20,000

25,000

2014 9 11 2015 3 5 7 9 11 2016 3

Monthly Sales Volume of New Emgrand

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Key Model – New Vision

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• Enhanced safety & comfort

• More efficient turbo engines

• New 6-speed manual gearbox

• 360O 3-sensor parking assist system

• PEPS (Passive Entry/Passive Start)

• NVH noise cancellation technology

• 4 Wheel Disc Brakes

• Bosch’s V9.0 ABS+EBD

• Enhanced storage space

• G-Link mobile connectivity system

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2014 10 12 2 4 6 8 10 12 2

Monthly Sales Volume of Vision

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New Product – Emgrand GT

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• New brand image, market positioning & design philosophy

• New 1.8T and 3.5L V6 engines

• Fastback & sporty design

• Top international suppliers

• New manufacturing facilities

• Harman Infinity@ Entertainment

• City Safety, ACC Cruising, PAS Parking, LDW Alert, HUD Display, EPB Brake & AQS Air Quality Control

JLE-4G18TD

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2015 4 5 6 7 8 9 10 11 12 2016 2 3

Monthly Sales Volume of GC9

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Upcoming New Products

• Mid-size SUVs (March 2016)

• Cross Vehicles: Emgrand GS (1H2016)

• New generation of A segment Sedans (2H2016)

• Compact SUVs (2H2016)

2016 sales volume target at 600,000 unis (+18% over 2015)

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Financial Performance

-

100,000

200,000

300,000

400,000

500,000

600,000

2005 2007 2009 2011 2013 2015

Annual Sales Volume

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10,000

20,000

30,000

40,000

50,000

60,000

2005 2007 2009 2011 2013 2015

Average Ex-factory Price

0

500

1,000

1,500

2,000

2,500

3,000

2005 2007 2009 2011 2013 2015

Net Profit

14%

20%

13%

21%

19% 17%

16% 16%

17%

8%

12%

0%

5%

10%

15%

20%

25%

2005 2007 2009 2011 2013 2015

Return on Equity

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

2005 2007 2009 2011 2013 2015

Cash Dividend Per Share (HK Cents)

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

2005 2007 2009 2011 2013 2015

Export Sales Volume

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2015 Full Year Results

Y/E December (RMB m) 2015 2014 YoY change

Sales volume (units) 510,097 417,851 +22%

Turnover/Revenue 30,138 21,738 +39%

Gross profit margin ratio* 18.2% 18.2% 0%

Operating margin ratio** 9.3% 9.2% +1%

Profit after tax 2,289 1,449 +58%

Attributable profit 2,261 1,431 +58%

Diluted EPS (RMB cents)# 25.66 16.25 +58%

Dec-2015

Dec-2014

Shareholders’ equity 19,524 17,288 +13%

Net cash## 7,279 4,739 +54%

* Gross profit margin ratio = gross profit / turnover

** Operating margin ratio = (pre-tax margin before net finance costs , share-based payments and share of results of associates and joint ventures) / turnover

# Diluted EPS = profit attributable to equity holders of the Company (diluted) / weighted average number of ordinary shares (diluted)

## Net cash = all cash /bank deposits – all bank borrowings – senior notes

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Strategy

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Products • Platform and modular architecture;

• Focus on powertrain technology;

• In-house international design capabilities;

• Joint product architecture with Volvo Car;

• Focus on EV, PHEV & HEV to speed up new energy product

offerings

• Strategic alliance to upgrade technologies

Services

• 685 dealers in China;

• 31 sales agents, 464 sales and service outlets in 31 oversea

countries;

• Vehicle finance JV with BNP Paribas Personal Finance

Branding

• 3-year transition period from three brands to single brand;

• Single brand for export markets

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Brand Points# Overall Rank Sector Rank*

Geely 715 13 5

Mass Market Average 664

J.D.Power Asia Pacific 2015 China Customer Service Index (CSI) StudySM

Source: J.D.Power Asia Pacific 2015 China Customer Service Index (CSI) StudySM

# based on a 1,000-point scale and study of 68 passenger vehicle brands in China

* ranking amongst Chinese domestic brands

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Customer Service Satisfaction

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Study Segment Model Segment

Rank

IQS# Compact Geely Kingkong 3

VDS^ Mass Market Geely 14 (152 pp100 vs. average of 160)

VDS^ Compact Mini Geely Panda 1

J.D.Power Asia Pacific 2015 China Initial Quality StudySM (IQS)

Vehicle Dependability StudySM (VDS)

Source: J.D.Power Asia Pacific

# based on evaluations from 21,707 owners of new vehicles purchased between October 2014

and June 2015, including 270 different models from 71 different brands;

^ based on evaluations from 17,534 owners of vehicle purchased between May 2011 and August

2012, including 160 different models from 59 different brands

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Vehicle Quality & Dependability

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Auto Finance Joint Venture

80% 20%

• Located in Shanghai

• RMB900m registered

capital

• Wholesales financing

solutions to dealers

• Retail financing solutions

to end-customers

• Focusing on Tier-1 & -2

cities initially

• Supporting both Geely

and Volvo Car brands

• Progressively covering the

whole China market

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New Energy Vehicles

JL7001BEV

KD-5011

Zhidou

EC7 - EV

EC7 – Petro

Hybrid

Emgrand Cross

Plug-in Hybrid

• Kandi JV

• Xindayang JV

Partnership to Speed up Electrication

Offerings

Pure Electric

+

Plug-in Hybrids

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New Energy Strategy

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Energy Efficiency < 5.0L/100Km

by 2020

Affordable PHEVs at Prices of Traditional Cars

New Energy Vehicles = 90% of Total Sales

(PHEV/HEV:65% EV:35%)

Successful Development of Hydrogen/Metal Fuel Battery Vehicles

Leading New Energy, Smart Car and Light Weight Technologies

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New Product – Emgrand EV

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• Power: 95kw

• Torque: 250 Nm

• Top Speed: 140km/h

• Acceleration: 4.3s (0-50km/h)

• Range: 330km @ 60km/h

• Range: 253km (combined)

• Battery Capacity: 45kWh (NCM)

• Two Charging Ports: Slow (14 hours) / Fast (48 minutes)

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Geely Automobile in Figures

Year started: 1998

Total workforce: 18,700 (on 31/12/2015)

Manufacturing facilities: 7 plants in China + 1 JV plant in

Belarus + 1 JV plant in Uruguay

Products: 11 major models under 5 platforms

Distribution network: 685 dealers in China;

31 sales agents, 464 sales and service

outlets in 31 oversea countries

2015 sales volume: 510,097 units (95% in China market)

2015 revenues: US$4,7 billion

Market Capitalization: US$4,2 billion (1 April 2016)

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Important Notice

The information contained herein is meant for presentation purposes only and may not be used

and relied upon by any other party. It is not to be taken in substitution for the exercise of judgement. You shall be solely responsible for making your own independent investigation of the merits of the discussions mentioned in this presentation. Geely Automobile Holdings Limited does not make any representations, warranty or guarantee as to the accuracy, completeness or correctness of the contents contained herein. The reproduction and/or dissemination of the contents herein is prohibited without our prior approval. Geely Automobile Holdings Limited and its officers, directors and employees accept no liability whatsoever for any direct or consequential loss howsoever arising from any use of this presentation or further communication given in relation 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 Holdings Ltd., except specified otherwise.

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