Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort •...

20
Corporate Presentation December 2016

Transcript of Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort •...

Page 1: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

Corporate Presentation

December 2016

Page 2: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

2

408,315 units +38% YoY

142,921 units +161% YoY

Overall: 657,621 units, +44% YoYDomestic: 637,224 units +48% YoY

Exports: 20,397 units -18% YoY

Sales PerformanceJan.-Nov. 2016

A-segment Sedans

(New Emgrand+Vision+Emgrand GS/GL)

SUVs (GX7+Vision SUV+Boyue)

Page 3: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

3

Sales PerformanceJan.- Nov. 2016

Vision

(125,659 units +19%YoY)

KingKong

(54,125 units +7%YoY)-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

201

1 6 9

12 3 6 8

12 3 6 9

12 3 6 9

12 3 6 9

12 3 6 9

Domestic Sales Volume (3MMA+/-%)

-

20,000

40,000

60,000

80,000

100,000

120,000

201

0 4 7

10

201

1 4 7

10

201

2 4 7

10

201

3 4 7

10

201

4 4 7

10

201

5 4 7

10

201

6 4 7

10

exports

domestic

Monthly Sales Volume

Page 4: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

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 4

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2014 10 2015 4 7 10 2016 4 7 10

Monthly Sales Volume of New Emgrand

Page 6: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

Key Product – GC9

6

• 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 5 7 9 11 2016 3 5 7 9 11

Monthly Sales Volume of GC9

Page 7: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

New Product – Boyue

7

Engine: 1.8T, 2.0L

Transmissions: 6MT, 6AT

Dimension: 4519/1831/1694

Wheelbase: 2670

Power: 135Kw (1.8T)

Max. Torque: 285/1500-4000

N.m/rpm(1.8T)

MSRP: RMB98,800-157,800

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

2016 4 5 6 7 8 9 10 11

Monthly Sales Volume of Boyue

Page 8: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

New Product – Emgrand GS

8

Engine: 1.3T, 1.8L

Transmissions: 6DCT, 6MT

Dimension: 4440/1833/1560

Wheelbase: 2700

Power: 95kw/5500rpm (1.3T)

Max. Torque: 185/1750-4500N.m/rpm

MSRP: RMB77,800-108,800

0

2,000

4,000

6,000

8,000

10,000

12,000

2016 6 7 8 9 10 11

Monthly Sales Volume of Emgrand GS

Page 9: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

9

Upcoming New Products

• 2016

• New A+ segment sedans (Emgrand GL)

• New compact SUVs (Vision SUVs)

• Hybrid electric sedans

2016 sales volume target at 700,000 units (+37% over 2015)

• 2017

• First batch of new models from CMA (Compact Modular Architecture) platform, developed jointly by Volvo Car and Geely Auto.

Page 10: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

10

LYNK & CO

• New global brand and innovative business model

• Personal, Connected and Open

• Supported by new vehicle models developed from CMA

• Ultra efficient powertrains, characterized by traditional and electrified powertrains, 7-speed DCT and manual gearbox

• Fixed and transparent prices

• Sold online or in owned stores

• First vehicle model: Lynk&Co01

• Start in 4Q 2017 in China, followed by Europe and USA

Page 11: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

11

Dealer/Brand Restructuring

2 brands & 2 dealer networks

3 brands & 3 dealer networks

(2008)

1 brand & 1 dealer network

(2014)

941976 973 981

1068

943

838

751

694 685 691

500

600

700

800

900

1000

1100

Number of Dealers in China

Page 12: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

Brand Points# Overall Rank Sector Rank*

Geely 741 8 3

Mass Market Average 674

J.D.Power Asia Pacific2016 China Customer Service Index (CSI) StudySM

Source: J.D.Power Asia Pacific 2016 China Customer Service Index (CSI) StudySM

# based on a 1,000-point scale and study of 74 passenger vehicle brands in China

* ranking amongst Chinese domestic brands

12

Customer Service Satisfaction

Page 13: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

13

Auto Finance Joint Venture

80% 20%

• Located in Shanghai

• RMB900m registered

capital

• Commenced operation in

September 2015

• 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

Page 14: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

14

Financial Performance

-

100,000

200,000

300,000

400,000

500,000

600,000

2005 2007 2009 2011 2013 2015

Annual Sales Volume

-

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

Page 15: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

2016 Interim Results In Brief

* 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

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

15

+36%Attributable profit increased to RMB1.91 billion

+11%Total sales volume to 280,337 units

17.7%Gross margin ratio

stabilized at

13.4%Operating margin ratio improved to

+17%Rise in Average

Unit Price

RMB 9 bnNet cash up from

RMB7.3 bn to

Page 16: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

Strategy

16

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 • 691 dealers in China;

• 23 sales agents, 355 sales and service outlets in 24 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

Page 17: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

New Energy Strategy

17

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

Page 18: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

New Product – Emgrand EV

18

• 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)

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2016 3 4 5 6 7 8 9 10 11

Monthly Sales Volume of Emgrand EV

Page 19: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

19

Geely Automobile in Figures

Year started: 1998

Total workforce: 23,929 (on 30/6/2016)

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

Belarus

Products: 13 major models under 5 platforms

Distribution network: 691 dealers in China;

23 sales agents, 355 sales and service

outlets in 24 oversea countries

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

2015 revenues: US$4.7 billion

Market Capitalization: US$9,5 billion (7 December 2016)

Page 20: Corporate Presentation - Geely€¦ · Key Model –New Vision 5 • Enhanced safety & comfort • More efficient turbo engines • New 6-speed manual gearbox • 360 O 3-sensor parking

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.

20