INVESTOR PRESENTATION - NASDAQ: CENN - Equisolve
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
NASDAQ: CENN
INVESTOR PRESENTATION
J A N U A R Y 2 0 2 2
Disclaimer
This Presentation has been prepared by Cenntro Electric Group (the “Company”) (Ticker: CENN) solely for informational purposes. The information included herein in this presentation has not been
independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of it’ s affiliates, advisers or representatives or the underwriters as to, and
no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in this presentation. By viewing or accessing the
information contained in this presentation, you acknowledge and agree that none of the Company or any of its affiliates, advisers or representatives or the underwriters accept any responsibility
whatsoever (in negligence or otherwise) for any loss howsoever arising from any information presented or contained in this presentation or otherwise arising in connection with the presentation. The
information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed. None of the Company or any of its affiliates, advisers or representatives or
the underwriters make any undertaking to update any such information subsequent to the date hereof. This presentation should not be construed as legal, tax, investment or other advice.
This presentation contains statements that reflect the Company’s intent, beliefs or current expectations about the future. These statements can be recognized by the use of words such as “expects,”
“plans,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. These forward-looking statements are not guarantees of future performance and are based on a number of assumptions
about the Company’s operations and other factors, many of which are beyond the Company’s control, and accordingly, actual results may differ materially from these forward-looking statements.
Caution should be taken with respect to such statements, and you should not place undue reliance on any such forward looking statements. The Company or any of its affiliates, advisers or
representatives or the underwriters has no obligation and does not undertake to revise forward looking statements to reflect newly available information, future events or circumstances.
This presentation does not constitute an offer to sell or an invitation to purchase or subscribe for any securities of the Company for sale in the United States or anywhere else. No part of this
presentation shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Specifically, these materials do not constitute a “prospectus” within the meaning of the
U.S. Securities Act of 1933, as amended, and the regulations enacted thereunder. This presentation does not contain all relevant information relating to the Company or its securities, particularly with
respect to the risks and special considerations involved with an investment in the securities o f the Company. In evaluating its business, the Company uses certain non- GAAP measures as
supplemental measures to review and assess its operating and financial performance. These non- GAAP financial measures have limitations as analytical tools, and when assessing the Company’s
operating and financial performances, investors should not consider them in isolation , o r as a substitute for any consolidated statement of operations data prepared in accordance with U.S. GAAP.
THE INFORMATION CONTAINED IN THIS DOCUMENT IS HIGHLY CONFIDENTIAL AND IS BEING GIVEN SOLELY FOR YOUR INFORMATION AND ONLY FOR YOUR USE IN CONNECTION
WITH THIS PRESENTATION. THE INFORMATION CONTAINED HEREIN MAY NOT BE COPIED, REPRODUCED, REDISTRIBUTED, OR OTHERWIS E D ISCLOSED, IN WHOLE OR IN PART, TO
ANY OTHER PERSON IN ANY MANNER. Any forwarding, distribution or reproduction of this presentation in who le or in part is unauthorized.
As participants of this presentation, you agree not to photograph, copy or otherwise reproduce this presentation in any form or pass on this presentation to any other person for any purpose.
2
Our Business
Product Focus: Electric commercial vehicle from Class 1 – Class 4 mainly used for urban delivery and urban services
Market Focus: North America, Europe and Asia
*By closing of the merger with Naked Brand Group on December 31, 2021 3
Our Achievements
• An early entrant that invested significantly Geographic coverage across North America, Europe and Asia
since 2013
• A global leader in commercial EV sales and
services. As of November 30, 2021, Cenntro 3,600 + 32 + $5.5 MM
Vehicles Delivered Countries Homologated FY 2020 Revenue
have sold or put into service 3,600 vehicles
compared to nil from competitors
• An interrupter that established decentralized
distributed assembly facilities and a strong 16 +
20 million+ $250 million+
supply chain Countries Shipped
Miles Traveled Cash*
• An innovator leading commercial EV
electrification and autonomous driving
238+ 6+ Competitive
Patents Granted Assembly plants Pricing
planned
*By closing of the merger with Naked Brand Group on December 31, 2021 4
Our Vehicles Suited for Many Applications
City Delivery PickupTruck Farm Use CoffeeTruck Autonomous FieldStretcher
Ad Display WorkTruck
Construction Park Maintenance FoodTruck
Food Truck MiniFireTruck Sightseeing
Medical Use GarbageDumpTruck VendingTruck StreetSweeper
Sweeping Truck StreetWateringTruck FieldTruck PublicService
Refrigerated Truck
Farm Use ServiceTruck SpecialDeliver CoolChain StreetCleaner VendingTruck
5
Robust Product Pipeline to Address Growing Market Demand
Cenntro iCHASSIS
LOGISTAR 400 NEIBOR 200 LOGISTAR 200 TERRAMACK (autonomous driving
enabled)
2021 Logistics 2022 & beyond
800 /1102 kg
Payload Capacity 2,500kg / 5,446lb 450kg / 992lb 1,100kg / 2,426lb
1,764 / 2,756 lb
Drive Range 300 km 120 km 255 km 80 km
Cargo Volume 18m3 / 636ft3 7.8m3 / 100ft3 7.8m3 / 274ft3 1.64m3 / 57.85ft3
6
iChassis Ready for Commercialization – Software Can Be Developed and Downloaded for
Different Uses
Quick customization
Easy configuration
Automatic Package
Deliver Cart
AI - auto driving
Autonomous City Deliver
Programmable Truck Mobile Vending Machine
Auto-patrol Car Mobile Package
Pickup Station
Street Sweeping
Robot
Autonomous
Transporter
Material Handling
Mobile Service Robot
Station
7
System On Chip (SOC) - Integrated Driving Control System
Cenntro Intelligent Bus (CIB) Cenntro Apps
Fully digitized driving control system -
Proprietary technology integrates software, hardware
and processor on chip (System On Chip)
Digital Bus
Cloud-based vehicle control platform
Lights Brakes Speed Steer Motor Battery
Apps - can be easily downloaded and integrated into
SOC for different types of autonomous driving
• Real time vehicle monitoring
• Fleet management
• Speed control enabled for safety
• Vehicle’s performance data
• Pre-scheduling replacement for parts
• Managing driving performance for safety
Cenntro iChassis system is akin to an app on a smart phone – users
can download different variations for different use cases
8
Strong OEM Partnerships and Well-Established Supply Chain
9
Global Channel Partner Network
Focused on US, Europe, and other countries including Japan, Korea, Singapore, and Israel.
UNITED STATES
EUROPE SOUTHEAST ASIA / UAE
DAISO Comercializadors
10To Ramp Up Existing Production and Open Two New Plants in 2022
Ramp Up Existing Production
Asia: Changxing, China
Adding additional production space at existing facility
to ramp up existing production capability.
Two New Plants
North America: Jacksonville, Florida
Newly established facility to start trial
production in Q1 2022
EUROPE: Dusseldorf/Herne, Germany
Newly established facility to start trial
production in Q2 2022
11Ready to Drive the Growth
Cenntro Electric Group is ready to accelerate its growth with sufficient resources from latest merger
transactions.
Listing on NASDAQ - ticker symbol: CENN
• On Dec 31, 2021, Cenntro became a publicly traded company on Nasdaq through a merger with Naked Brand Group and
is led by Cenntro CEO Peter Wang and Cenntro’s executive team. Naked Brand Group’s clothing business was divested.
• Cenntro had more than $250 million cash on balance sheet to drive accelerated growth.
12Summary of Our Growth Strategies
• Ramp up production in existing plants and open new assembly plants that are in
1 customers’ market to build capacity
• Broaden distribution network to increase footprint in the markets that provide greater
2 brand recognition and better services
• Vertically integrate logistics and transportation system to streamline and shorten
3 delivery timeline
4 • Continue to invest in the iChassis autonomous driving technology innovation
5 • Partner with renowned software developers to drive iChassis customer adoption
13Appendix
• Market Overview
Regulatory Environment
Competitive Landscape
• Product Roadmap
14Supportive Regulatory Policies Accelerating Vehicle Electrification
• Green Cars Initiative provides financial support of €5 billion
• Reduce greenhouse gas (GHG) emissions and improve fuel economy for light-
duty vehicles made in model years 2017 through 2025. • €4,000 to €8,000 purchase subsidies dependent on vehicle type
• $500 to $5,000 EV rebate granted by state by different application • Exemption of registration tax
Electric Commercial Vehicle Electric Commercial Vehicle
(thousands) (thousands)
436.7
90.3
20 Million +
Miles Traveled 264.2
50.4
162.9
24.9 104.1
70.4
9.9
1.3
2020E 2021E 2022E 2023E 2024E
2020E 2021E 2022E 2023E 2024E
Sources: Frost & Sullivan and McKinsey Research, July 2020. 15Countries Setting Aggressive Zero Emission Goals
Denmark France
Iceland Slovenia Cabo Verde Canada
Ireland Sweden China EU Portugal US
Japan State of
Israel UK California
Spain Costa Rica
Singapore State of New
Norway Netherlands UK York
Sri Lanka Germany
2025 2030 2035 2040 2045 2050
Sweden Canada Korea
100% electrified sales
100% ZEV sales Chile New Zealand
100% ZEV fleet Canada Norway
NZE target
ZEV: zero emission vehicle Chile UK
NZE: net zero emission
Sources: United Nations. International Energy Agency 16Cenntro’s Competitive Advantages
High
Suitability
• High efficiency
• Better cost economics
• High suitability for various applications
• Highly Scalable High High
Price Efficiency
• Market proven EV production and sales
capabilities
• Smart driving technology
Tesla Semi
Large
Payload
17Proven Strong Execution
Cenntro is the only company that has sold and delivered sizeable commercial EVs
2020 2020A
Ticker Commercial EV Market Cap1
EV Sold Revenue
CENN $0.8B 707 $5.5M
RIVN $72.0B 0 $0
ARVL $4.5B 0 $0
NKLA $4.1B 1 $95K
RIDE $0.6B 0 $0
HYLN $0.8B 0 $0
WKHS $0.5BStrategic Product Roadmap
2013 - 2017 2017 - 2019 2019 - 2021 2021 - 2023
Power System Development Technology 2nd Generation Launch Programmable iChassis
Design Auto Drive EV
Vehicle Design Confirmation Products
Process Technique Start Distributed Extend D/M Global D/M
Production Setup Own Supply-chain Manufacturing (D/M) Partner Supply-chain Develop Global Supply-chain
Use 1st generation of Vehicle Controlling by Apply System On Chip
Vehicle Vehicle Control Digitization Software
Control
Data Cloud
Network Connection Vehicle Management Open Vehicle SaaS Mainstream Platform
Platform Platform Management Platform
Commercial EV Commercial EV Commercial EV Smart Commercial EV
Development Production New Model Release Development
*SOC: System on Chip 19Q&A
Thank You!
For more information, please visit
https://www.cenntroauto.com/
20You can also read
