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Corporate Presentation July 2020

July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

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Page 1: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Corporate Presentation

July 2020

Page 2: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Sales PerformanceJan-Jun 2020

2

Overall:Domestic:Exports:NEEV:

530,446 units -19% YoY510,873 units -17% YoY19,573 units -49% YoY29,214 units -45% YoY

Sedans197,030 units -23% YoYSUVs*324,061 units -15% YoY

MPV9,355 units*Jan- May, Geely sold the most SUVs in Chinese market. Data from CPCA.

Page 3: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

New Energy and Electrified Vehicles

New NEEV models

Emgrand EV(2016)

Emgrand EV300(2017)

Emgrand PHEV(2017)

Borui GE MHEV Borui GE PHEV 01 PHEV

Emgrand EV350 Emgrand EV450 GSe

2019

2018

20172016

3

Xingyue MHEV Xingyue PHEV

Binyue MHEV Binyue PHEV Jiaji MHEV/PHEV

Geometry A

0 200 400 600

2016

2017

2018

2019

EV - Range Per Charge(km)

0 100 200 300

2016

2017

2018

2019

Price Range (RMB '000)

*Jan- Jun 2020

0 50000 100000 150000

2016201720182019

2020*

NEEVs - Sales Volume (units)

Page 4: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Sales Performance

4*End to first 5 months 2020

020,00040,00060,00080,000100,000120,000140,000160,000180,000

2016 4 7 10

2017 4 7 10

2018 4 7 10

2019 4 7 10

2020 4

Exports

Domestic

Monthly Sales Volume

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

120%

140%

2016 3 5 7 9 11

2017 3 5 7 9 11

2018 3 5 7 9 11

2019 3 5 7 9 11

2020 3 5

Domestic Sales Volume (3MMA+/-%)

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

Feb-

16 4 6 8 10 12Fe

b-17 4 6 8 10 12

Feb-

18 4 6 8 10 12Fe

b-19 4 6 8 10 12 2 4

Market Share

51.2

76.6

124.7

150.1136.2

42.0 2.40%3.10%

5.00%

6.30% 6.35%6.88%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

0

20

40

60

80

100

120

140

160

2015 2016 2017 2018 2019 2020*

Annual Sales Vol & Market Share

Page 5: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

New Emgrand Family

5

• Emgrand, Emgrand EV, EmgrandGS, Emgrand Gse, Emgrand GL,Emgrand GL PHEV

• A total of 150,251(-22% YOY) unitsales volume in Jan - Jun 2020

• Emgrand remains one of the best selling sedan models in China(Rank #7 in 1Q20)

0

10000

20000

30000

40000

50000

60000

70000

2017 2 3 4 5 6 7 8 9 10 11 12

2018 2 3 4 5 6 7 8 9 10 11 12

2019 2 3 4 5 6 7 8 9 10 11 12

2020 2 3 4 5 6

Monthly Sales Volume of Emgrand Family

Page 6: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Boyue & Borui

6

Boyue & Borui• Over 20,000 unit of monthly

average sales volume during2020Q2

• Boyue is one of the most sellingSUV model in China & Malaysia.

0

5000

10000

15000

20000

25000

30000

35000

40000

2017 2 3 4 5 6 7 8 9 10 11 12

2018 2 3 4 5 6 7 8 9 10 11 12

2019 2 3 4 5 6 7 8 9 10 11 12

2020 2 3 4 5 6

Monthly Sales Volume of Bo Series

SUV Total Sales Volume Ranking 2019 2020H1

China #3 #3Malaysia #1 #1

Page 7: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Xingyue

7

Powertrain:

Dimension: Wheelbase: Power:Max. Torque: MSRP:

1.5TD+7DCT1.5TD+EV Motor+7DCT2.0T+8AT4605/1878/16432700130kw/175kw/192kw255//350/400 N.m/rpm RMB 135,800-216,800

*The first CMA-based Vehicle of Geely Brand -

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5 6 7 8 9 10 11 12 01-2020 2 3 4 5 6

Monthly Sales Volume of Xingyue

Page 8: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Jiaji

8

Powertrain:

Dimension: Wheelbase: Power:Max. Torque: MSRP:

1.5TD+48VBSG+7DCT1.5TD+EV Motor+7DCT1.8TD+6AT4706/1909/16902805130kw/135kw255/300 N.m/rpm RMB 99,800-192,800

*2+3+2, 2+2+3, 2+2+2 three seating options

-

1,000

2,000

3,000

4,000

5,000

6,000

Mar-19 4 5 6 7 8 9 10 11 12 2020 2 3 4 5 6

Monthly Sales Volume of Jiaji

Page 9: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

0

10000

20000

30000

40000

50000

60000

2017 2 3 4 5 6 7 8 9 10 11 12

2018 2 3 4 5 6 7 8 9 10 11 12

2019 2 3 4 5 6 7 8 9 10 11 12

2020 2 3 4 5 6

Monthly Sales Volume of Vision Family

Vision Family

9

• Vision Family(Vision, Vision X6,Vision X3, Vision S1) recorded atotal of 99,508 (-38% YOY)unitsales volume in Jan - Jun 2020

• Accounted for 19% of total salesVolume in Jan - Jun 2020

Page 10: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Binrui & Binyue

10

Engine: Transmissions: Dimension: Wheelbase: Power:Max. Torque:

MSRP:

1.4T, 1.0T6DCT,CVT,6AT,6MT4680/1785/1460267098kw/5200rpm (1.4T)215/2000-4000N.m/rpm (1.4T)RMB79,800-110,800

Engine: Transmissions: Dimension: Wheelbase: Power:Max. Torque:

MSRP:

1.5T, 1.0T7DCT, 6MT4330/1800/16092600130kw/5500rpm (1.5T)255/1500-4000N.m/rpm (1.5T)RMB78,800-118,800

0

5000

10000

15000

20000

25000

30000

9 10 11 12 19 2 3 4 5 6 7 8 9 10 11 12 20 2 3 4 5 6

Page 11: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

LYNK & CO

11

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

1218 2 3 4 5 6 7 8 9 10111219 2 3 4 5 6 7 8 9 10111220202 3 4 5 6

Monthly Sales Volume of LYNK & CO

Page 12: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

LYNK & CO

• JV with 5:3:2 shareholding structure between the company, Volvo Car and the Zhejiang GeelyHolding Group

• Supplement current market coverage by Geely (mass) and Volvo brands (premium), targeting at global high-end market segment

• 284 dealers in China until 2019• 2020 in Europe• Lynk & Co recorded 54,763 unit

sales volume in Jan – Jun 2020(-2% YoY).

Lynk&Co01

12

Page 13: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

New Products 2020

“Geely” brand:

• “Haoyue” Full size SUV model

• “Icon” compact SUV model

• A compact sedan model

• “NEEV” versions for majorexisting models

13

“Lynk&Co” brand:

• Two brand new compact andsporty SUV models

“Geometry” brand:• “Geometry C” A brand new

electrified SUV model

Page 14: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Environmental, Social & Governance (“ESG”)

14

• Continued to be a constituent of the "Hang Seng Corporate Sustainability Benchmark Index" in 2019 - 2020

• Received an MSCI ESG Rating of AA

• ESG report published in April 2020

• Actively participated in international ESG evaluations, e.g. DJSI

• Reduction of general mandate to issue shares from 20% to 10% was duly passed in AGM in May 2020

Page 15: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Environmental, Social & Governance (“ESG”) -(Continued)

15

• Sales volume of NEEVs 29,214 units in Jan – Jun 2020

• NEEVs contributed to 5.5% of total sales volume in Jan – Jun 2020

• 68% existing products offer NEEV versions

• For newest models like Jiaji, Xingyue & Icon, NEEVs accounted for about 53% of their total sales volume in Jan – Jun 2020

Page 16: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2010201120122013201420152016201720182019

Net Profit (RMB Mn)

10-year CAGR*: 20.14%

RMB 8,190M

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Wholesale Volume (Units)

Financial Performance

16

*CAGR: Compound Annual Growth Rate

- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Average Ex-factory Prices (RMB)

74,457

*Average Ex-factory Prices excluding Lynk&Co

-

10

20

30

40

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Cash DPS*(HK cents)

HK$ 0.25

10-year CAGR*: 26.9%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Return of Equity

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

2007 2009 2011 2013 2015 2017 2019

Export Sales Volume(units)

Page 17: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Auto Finance Joint Venture

• Registered capital RMB 4 Billion • Commenced operation in Sep 2015• Wholesales financing

solutions to dealers• Retail financing solutions to end-

customers• Focusing on Tier-1 & -2 cities

initially• Supporting Geely, Lynk & Co and

Volvo Car brands• Progressively covering the whole

China market• 2019 net profit RMB 509.1M

80% 20%

17

Page 18: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Strategy

Products: • Platform and modular architecture;• Focus on powertrain technology;• In-house international design capabilities;• Joint product architecture with Volvo Car;• Focus on EV, PHEV & MHEV to speed up new energy

product offerings;• Strategic alliance to upgrade technologies

Services: • More than 969 Geely dealers ,163 Geometry dealers and 284LYNK & CO dealers in China;

• 17 sales agents, 327 sales and service outlets in 17 oversea countries;

• Vehicle finance JV with BNP Paribas Personal FinanceBranding: • “Geely” brand for mass market;

• “Lynk&Co” brand for upper market;• “Geometry ” brand for BEV market

18

Page 19: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Geely Automobile in Figures

Year started: 1998Total workforce: 43,000 (on Dec. 31th, 2019)Manufacturing facilities: 11 plants in China + 1 JV plant in

BelarusProducts: 17 major models under 4 platforms & 2

modular architectureDistribution network: More than 969 Geely dealers ,163 Geometry

dealers and 284 LYNK & CO dealers in China

2019 Sales Volume: 1,361,560 units 2019 Revenues: US$12.40 billionMarket Capitalization: US$20.50 billion (on Jul 6th, 2020)

19

Page 20: July 2020 - geelyauto.com.hk€¦ · Corporate Presentation July 2020. Sales Performance Jan-Jun 2020 2 ... 2016 3 5 7 9 11 2017 3 5 7 9 11 2018 3 5 7 9 11 2019 3 5 7 9 11 2020 3

Important NoticeThe 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 HoldingsLtd.,except specified otherwise.

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