Corporate Presentation. February 2014

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Transcription:

Corporate Presentation February 2014

Sales Performance Full Year 2013 Overall: Domestic: Exports: 549,518 units, +14% YoY 430,606 units +13% YoY 118,912 units +17% YoY 192,226 units +35% YoY EC7 51,247 units -35% YoY KingKong 49,578 units +61% YoY GX7 2

2010 3 5 7 9 11 2011 3 5 7 9 11 2012 3 5 7 9 11 2013 3 5 7 9 11 3 Sales Performance Full Year 2013 GC7 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - exports domestic Monthly Sales Volume (35,589 units +138%YoY) (36,529 units +10%YoY) Vision SC6 (27,607 units +143%YoY)

Domestic Market Sales volume growth in China averaged at about 15% level during early part of 2013, but started to slow down since 4Q2013 due to higher base for comparison in same period previous year Current level of single digit growth appears sustainable given the improved economic environment in China 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% Domestic Sales Volume (3MMA+/-%) 2011 5 7 9 11 2012 3 5 7 8 11 2013 3 5 7 9 11 4

Exports 140,000 Export Sales Volume (units) Top Export Destination (1H 2013, units) 120,000 100,000 80,000 Russia Saudi Arabia 60,000 40,000 Ukraine 20,000-2007 2008 2009 2010 2011 2012 2013 Egypt - 5,000 10,000 15,000 Emgrand7 (EC7) is the most popular export model, accounting for half of the total exports volume 5

Major Export Markets Country Overall Rank (YTD Nov. 2013) Market Share (YTD Nov. 2013) Russia** Number 25 1.0% Saudi Arabia* Number 9 2.3% Ukraine Number 3 6.9% Egypt Number 5 5.1% Source: Focus2move YTD July 2013 ** Full Year 2013 Geely is the best selling Chinese brands in all these 4 markets during the period 6

Oversea Manufacturing Facilities Uruguay plant -50% stake; -partner: Nordex; -annual capacity: 20,000 units -models: Geely LC, Emgrand7 Belarus plant: BelGee -32.5% stake; -partners: BelAZ, SOYUZ; -initial annual capacity: 10,000 units -model: Geely SL Geely exported a total of 118,912 units of vehicles in 2013 and is now the largest light passenger vehicle exporter in China + contract manufacturing partners in Russia, Ukraine, Indonesia, Sri Lanka, Uruguay, Egypt and Ethiopia 7

2009 10 2010 4 7 10 2011 4 7 10 2012 4 7 10 2013 4 7 10 EC7 is the best-selling model, accounting for 35% of Geely s total sales volume in 2013. Products EC7 25000 20000 15000 10000 5000 The model is one of the top selling car models in China (19 th ), Ukraine (3 rd ), Egypt (3 rd ) and Saudi Arabia (20 th ). Monthly Salse Volume of EC7 EC7 (Emgrand7) Engine: 1.5L, 1.8L petro engines Transmissions: 5MT, CVT Dimension: 4635/1789/1470 Wheelbase: 2650 Safety: Euro-NCAP 4 star C-NCAP 5 star Fuel efficiency: 6.0L/100km (1.5 MT) 7.2L/100km (1.8 MT) MSRP: RMB71,800-113,800 0 8

Product Mix Improvement 60,000 Average Ex-factory Price 100% 50,000 80% 60% 45% 55% 68% 40,000 30,000 40% 20% 55% 45% 32% 20,000 10,000 0% 2011 2012 2013 - Other models Higher margin models Higher margin models include EC7, SC7, GC7, Vision, GX7 and SX7 As a result of the success of EC7, higher margin models currently account for 68% of Geely s total sales volume, and ASP was up 26% over the last four years 9

Most Popular Models (% of total sales volume) 70% 60% 58% 50% 43% 40% 30% 28% 32% 38% 36% 34% 29% 35% 23% 22% 20% 10% 0% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Haoqing 1.0L, 1.3L RMB30-43K Free Cruiser 1.0L,1.3L RMB35-45K EC7 1.5L, 1.8L RMB72-114K 10

New Products - SUVs GX7 EX8 Engine: 1.8L, 2.0L, 2.4L petro engines Transmissions: 5MT, 6AT Dimension: 4541/1833/1700 Wheelbase: 2661 Safety: C-NCAP 5 star+ Seat capacity: 5 MSRP: RMB92,900-129,900 Engine: 2.4L petro, 2.0L diesel engines Transmissions: 6MT, 6AT Dimension: 4839/1884/1715 Wheelbase: 2800 Seat Capacity: 5 or 7 11

New Products Sedans EC8 KC Engine: 2.0L, 2.4L petro engines Transmissions: 5MT, 6AT Dimension: 4905/1830/1495 Wheelbase: 2805 Safety: C-NCAP 5 star MSRP: RMB99,800-209,800 Engine: 1.8T, 3.5L petro engines Transmissions: 6AT, 7DCT Dimension: 4956/1860/1516 Wheelbase: 2850 12

New Products Engines JLB-4G15 JLB-4G13T No. of cylinders: 4 Displacement: 1.498 L Power 75/6000 KW/rpm Max. Torque: 141/3800~4200 N.m/rpm Emission: Euro V No. of cylinders: 4 Displacement: 1.299 L Power 98/5500 KW/rpm Max. Torque: 185/2000~4500 N.m/rpm Emission: Euro V 13

Financial Performance 120,000 100,000 80,000 60,000 40,000 20,000 Export Sales Volume - 2007 2008 2009 2010 2011 2012 14

Strategy Products Platform and modular architecture; Focus on powertrain technology; In-house international design capabilities and philosophy with Chinese inspiration; Joint product architecture with Volvo Car; Partnership to speed up electrification offerings; Strategic alliances to upgrade technologies Services 1,068 dealers in China; 38 sales agents, 490 sales and service outlets in 38 oversea countries; An independent servicing franchise chain in China; Planned financing and used car trading operations Branding Three product brands tailored to different customer segments in China; Single brand for export markets 15

Vehicle Safety 16

Sales Satisfaction J.D.Power Asia Pacific 2013 China Sales Satisfaction Index (SSI) Study SM Brand Points# Overall Rank Sector Rank* GLEagle 651 12 2 Emgrand 647 15 4 Local Brand Average 599 Mass Market Average 647 # based on a 1,000-point scale and study of 47 mass market brands in China * ranking amongst Chinese domestic brands in China Source: J.D.Power Asia Pacific 2013 China Sales Satisfaction Service Index (SSI) Study SM 17

Customer Satisfaction J.D.Power Asia Pacific 2013 China Customer Service Index (CSI) Study SM Brand Points# Overall Rank Sector Rank* Englon 848 9 1 GLEagle 843 11 3 Emgrand 826 20 6 Mass Market Average 811 # based on a 1,000-point scale and study of 71 passenger vehicle brands in China * ranking amongst Chinese domestic brands in China Source: J.D.Power Asia Pacific 2013 China Customer Service Index (CSI) Study SM 18

Geely Automobile In Figures Year started: 1998 Total workforce: 18,375 (on 30/6/2013) Manufacturing facilities: Products: Distribution network: 8 car plants in China 16 major sedan models under 5 platforms 1,068 dealers in China, 38 sales agents, 490 sales and service outlets in 38 oversea countries 2013 sales volume: 549,518 units (22% 5-year CAGR) 2012 revenues: US$4 billion Market Capitalization: US$3.7 billion (at 24 Jan. 2014) 19

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