Dec 2020 - geelyauto.com.hkgeelyauto.com.hk/core/files/presentation/en/Dec... · application •...
Transcript of Dec 2020 - geelyauto.com.hkgeelyauto.com.hk/core/files/presentation/en/Dec... · application •...
Corporate Presentation
Dec 2020
Sales Performance
Nov 2020 Jan-Nov 2020
Overall: 150,517 units +5% YoY 1,166,015 units -5% YoYDomestic: 138,748 units 0% YoY 1,105,229 units -6% YoYExports: 11,769 units +271% YoY 60,786 units +11% YoY
NEEV*: 6,829 units -52% YoY 60,971 units -41% YoY
Sedans415,249 units -13% YoYSUVs725,068 units 0% YoYMPV25,698 units -18% YoY
*New Energy and Electrified Vehicle which including MHEV,HEV,PHEV and BEV at this moment. 1
Sales Performance
Source: The Company, CAAM2
0
50,000
100,000
150,000
200,000
2016 4 7 10
2017 4 7 10
2018 4 7 10
2019 4 7 10
2020 4 7 10
Monthly Sales Volume (units)
domestic exports
-50%
0%
50%
100%
150%
2016 4 7 10
2017 4 7 10
2018 4 7 10
2019 4 7 10
2020 4 7 10
Domestic Sales Volume (3MMA+/-%)
*Jan- Nov 2020
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
2016 4 7 10
2017 4 7 10
2018 4 7 10
2019 4 7 10
2020 4 7 10
Market Share
0.00%
2.00%
4.00%
6.00%
8.00%
0
500,000
1,000,000
1,500,000
2,000,000
2015
2016
2017
2018
2019
2020
*
Annual Sales Volume & Market Share
0
2,000
4,000
6,000
8,000
10,000
5 6 7 8 9 10 11 1220
20 2 3 4 5 6 7 8 9 10 11
Monthly Sales Volumn of Xingyue & Xingrui (units)
Xingyue Xingrui
Xingrui
3
Boyue & Borui
• Borui GE: the B segment sedan was awarded the“Grand Car in China 2019”
• 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
4
05,000
10,00015,00020,00025,00030,00035,00040,000
2017 3 5 7 9 11
2018 3 5 7 9 11
2019 3 5 7 9 11
2020 3 5 7 9 11
Monthly Sales Volumn of Boyue & Borui (units)
Boyue Borui
Binrui & Binyue & Icon
• All 3 models are based on BMA platform• Binyue was Launched in Malaysian and
Philippian Markets.
5
0
5,000
10,000
15,000
20,000
25,000
30,000
9 11
2019 3 5 7 9 11
2020 3 5 7 9 11
Monthly Sales Volumn of Binrui, Binyue & Icon (units)
Binrui Binyue Icon
Jiaji & Haoyue
First Geely Brand MPV
7-seater SUV6
01,0002,0003,0004,0005,0006,000
3 5 7 9 11
2020 3 5 7 9 11
Monthly Sales Volumn of Jiaji (units)
01,0002,0003,0004,0005,0006,0007,000
2020
-6 7 8 9 10 11
Sales Volume of Haoyue (units)
New Emgrand & Vision Family
New Emgrand remains the best-selling sedan model among local brands.
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0
10,000
20,000
30,000
40,000
50,000
60,000
2017 3 5 7 9 11
2018 3 5 7 9 11
2019 3 5 7 9 11
2020 3 5 7 9 11
Monthly Sales Volume of Vision Family (units)
Vision Vision SUV X3 S1 X1
05,000
10,00015,00020,00025,00030,00035,00040,000
2017 3 5 7 9 11
2018 3 5 7 9 11
2019 3 5 7 9 11
2020 3 5 7 9 11
Monthly Sales Volumn of Boyue & Borui (units)
Boyue Borui
LYNK & CO
8
0
5,000
10,000
15,000
20,000
25,00020
18 3 5 7 9 1120
19 3 5 7 9 1120
20 3 5 7 9 11
Monthly Sales Volumn of Lynk & Co (units)
01 02 03 05 06
Lynk & Co Club Amsterdam
Powertrain Electrification Strategy
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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24
11
10
4
Numbers of NEEV vs ICE models incurrent portfolio (models)
ICE MHEV PHEV BEV
New Energy and Electrified Vehicles
XingyueMHEV/PHEV
ICONMHEV 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
0 100 200 300 400 500 600
2016201720182019
2020*
Range per Charge (km, NEDC)
*Jan- Nov 2020
0 50 100 150 200 250 300
2016201720182019
2020*
Price Range (RMB'000)
10
0 20000 40000 60000 80000 100000 120000
2016201720182019
2020*
NEEV Sales Volume (units)
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
Modular Architecture Development
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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 Architecture
浩瀚 SEASustainable Experience Architecture
Autonomous Driving Road Map
2021Basic Driver
Assistant
2025Fully AD
2023Advanced ADOn open Road
2022Advanced AD
On structural Road
• Mass deployment • As basis of data
collection • Shadow Mode • OTA Mode
• 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”)
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• Received an MSCI ESG Rating of AA
• Ranked top 20 among HSI constituents in the “Hong Kong Business Sustainability Index”
• Selected as one of the "Demonstration Enterprises for Industrial Product Green Design" by the Ministry of Industry and Information Technology of the People’s Republic of China. Geely is the only passenger car company selected this year.
• During Jan – Nov 2020, NEEVs contributed to 5.2% 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
• Lynk & Co 06 launched in Q3 offered NEEV versions
Financial Performance
CAGR: Compound Annual Growth Rate
0.0%5.0%
10.0%15.0%20.0%25.0%30.0%35.0%
2007
2009
2011
2013
2015
2017
2019
Return of Equity
-
20,000
40,000
60,000
80,000
100,000
201
0 2
011
201
2 2
013
201
4 2
015
201
6 2
017
201
8 2
019
202
0H1
Average Ex-factory Prices (RMB)
10Yrs CAGR 6.4%
- 2,000 4,000 6,000 8,000
10,000 12,000 14,000
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020H
1
Net Profit (RMB Mn)
10Yrs CAGR 20.14%
(10)
-
10
20
30
40
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Cash DPS (HK cents)
10Yrs CAGR 26.9%
020000400006000080000
100000120000140000
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020H
1
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
201
0 2
011
201
2 2
013
201
4 2
015
201
6 2
017
201
8 2
019
202
0H1
Sales Volume (Units)
10Yrs CAGR 15.3%
Geely Automobile in Figures
Year 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$27.38 billion (on Dec 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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