Corporate Presentation

Corporate Presentation
April 2015
Sales Performance
January-February 2015
Overall:
92,022 units, +67% YoY
Domestic:
Exports:
85,177 units +77% YoY
6,845 units +0.2% YoY
A-segment Sedans
(EC7+Xindihao+GC7+SC7+Vision)
60,706 units +89% YoY
SUVs (GX7+SX7+GX9)
12,136 units +124% YoY
2
Sales Performance
January-February 2015
Monthly Sales Volume
KingKong
70,000
exports
60,000
domestic
50,000
40,000
(11,701 units +27%YoY)
30,000
20,000
10,000
2010
3
5
7
9
11
2011
3
5
7
9
11
2012
3
5
7
9
11
2013
3
5
7
9
11
2014
3
5
7
9
11
2015
Vision
(18,800 units +766%YoY)
3
Domestic Market
• Sales volume in China fell 17% in 2014 due to the reshuffle of the
sales and marketing system and the major model upgrading cycle,
but started to recover since mid-2014
• Sales volume in first two months of 2015 was boosted by the good
response to new models like Xindihao and New Vision.
Domestic Sales Volume (3MMA+/-%)
50%
40%
30%
20%
10%
2015
11
9
7
5
3
11
2014
9
7
5
3
2013
11
8
7
5
3
11
9
7
5
2012
-10%
2011
0%
-20%
-30%
-40%
4
Exports
Export Sales Volume
(units)
140,000
120,000
100,000
80,000
60,000
40,000
20,000
2007
2008
2009
2010
2011
2012
2013
2014
Top Export Destinations
(2014)
Emgrand7 (EC7) is
the most popular
export model, accounting
for 45% of the total exports
volume in 2014
Egypt
Belarus
Russia
Saudi Arabia
Iran
Uruguay
Ukraine
5
-
5,000
10,000
15,000
20,000
Product Mix Improvement
Average Selling Prices
(RMB)
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
60,000
45%
55%
50,000
68%
71%
40,000
30,000
55%
45%
32%
29%
20,000
10,000
2011
2012
Other models
2013
2014
Higher margin models
Higher margin models include EC7, SC7, GC7, Vision,
Xindihao , GX7, SX7 and GX9
-
As a result of the success
of Xindihao, higher margin
models account for 71% of
Geely’s total sales volume
in 2014, and ASP was up
30% over the last five years
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Most Popular Models
(% of total sales volume)
70%
58%
60%
50%
43%
38%
40%
39%
36%
32%
35%
34%
29%
28%
30%
23%
22%
2010
2011
20%
10%
0%
2003
2004
2005
Haoqing
1.0L, 1.3L
RMB30-43K
2006
2007
2008
2009
Free Cruiser
1.0L,1.3L
RMB35-45K
2012
2013
2014
EC7/Xindihao
1.3T, 1.5L, 1.8L
RMB70-114K
7
New Products – Xindihao
2014 Xindihao
2013 EC7
Engine:
Transmissions:
Dimension:
Wheelbase:
Power:
Max. Torque:
Fuel efficiency:
MSRP:
1.5L, 1.8L petro engines
5MT, CVT
4635/1789/1470
2650
80/6000(Kw/rpm) (1.5L)
98/6000(Kw/rpm) (1.8L)
140/4400 N.m/rpm (1.5L)
170/4400 N.m/rpm (1.8L)
6.0L/100km (1.5L)
7.2L/100km (1.8L)
RMB71,800-113,800
Engine:
Transmissions:
Dimension:
Wheelbase:
Power:
Max. Torque:
Fuel Efficiency:
MSRP:
1.3L Turbo engines;
1.5L petro engines
6MT, CVT
4631/1789/1470
2650
98/5500(Kw/rpm) (1.3T)
185/2000-4500 N.m/rpm
(1.3T)
5.7L/100km (1.3T, 6MT)
5.9L/100km (1.3T, CVT)
RMB69,800-100,800
8
New Product - Xindihao
Monthly Sales Volume of Xindihao
25,000
20,000
15,000
10,000
5,000
0
•
•
•
•
•
•
•
•
•
•
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
2014/7
8
9
10
11
12
2015
2
9
New Product – New Vision
Monthly Sales Volume of Vision
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
2014/8
•
•
•
•
•
•
•
•
•
•
Enhanced safety & comfort
More efficient turbo engines
New 6-speed manual gearbox
360O 3-sensor parking assist system
PEPS (Passive Entry/Passive Start)
NVH noise cancellation technology
4 Wheel Disc Brakes
Bosch’s V9.0 ABS+EBD
Enhanced storage space
G-Link mobile connectivity system
9
10
11
12
2015
2
10
New Product – GC9
Engine:
Transmissions:
Dimension:
Wheelbase:
Power:
Max. Torque:
MSRP:
•
•
•
•
•
•
•
1.8T, 3.5L V6 engines
6AT
4956/1861/1513
2850
120Kw (1.8T)
180Kw (3.5L V6)
250/1500 N.m/rpm (1.8T)
326/4700 N.m/prm (3.5L)
RMB146,800-178,800
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
11
New Products – Engines
JLB-4G13T
JLB-4G15
No. of cylinders:
Displacement:
Power
Max. Torque:
Emission:
4
1.498 L
75/6000 KW/rpm
141/3800~4200 N.m/rpm
Euro V
No. of cylinders:
Displacement:
Power
Max. Torque:
Emission:
4
1.299 L
98/5500 KW/rpm
185/2000~4500 N.m/rpm
Euro V
12
Other New Products
•
GC9 B-segment Sedans (March 2015)
•
Emgrand Electric Vehicles (mid-2015)
•
Emgrand SUVs (end 2015)
•
Compact SUVs (end 2015)
•
Emgrand Cross Vehicles (early 2016)
•
Emgrand 4-door Sedans (early 2016)
+ upgraded versions of SC7, GC7, Kingkong,
Geely Panda
2015 Sales Target at 450,000 units, up 8%
YoY
13
Financial Performance
Annual Sales
Volume
Average Ex-factory
Price
600,000
60,000
500,000
50,000
400,000
40,000
300,000
30,000
200,000
20,000
100,000
10,000
Net Profit
3,000
2,500
2,000
1,500
-
500
0
2005
2007
2009
2011
2013
2005
Return on Equity
20%
20%
14%
21%
19%
17% 16% 17%
16%
13%
10%
8%
5%
0%
2005
2007
2009
2011
2013
2007
2009
2011
2005
2013
Cash Dividend Per
Share (HK Cents)
25%
15%
1,000
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
-
2007
2009
2011
2013
Export Sales
Volume
140,000
120,000
100,000
80,000
60,000
40,000
20,000
-
2005
2007
2009
2011
14
2013
2005
2007
2009
2011
2013
Strategy
Products
•
•
•
•
•
•
•
Services
• 700+ dealers in China;
• 31 sales agents, 511 sales and service outlets in 31 oversea
countries;
• An independent servicing franchise chain in China;
• Vehicle finance JV with BNP Paribas Personal Finance
Branding
• 3-year transition period from three brands to single brand;
• Single brand for export markets
Platform and modular architecture;
Focus on powertrain technology;
In-house international design capabilities;
Joint product architecture with Volvo Car;
Gradual transition from hybrid to pure electric;
Partnership to speed up electrification offerings;
Strategic alliance to upgrade technologies
15
Customer Service Satisfaction
J.D.Power Asia Pacific
2014 China Customer Service Index (CSI) StudySM
Brand
Points#
Geely
847
Overall Rank
Sector Rank*
17
5
(+8 YoY)
Mass Market Average
824
# based on a 1,000-point scale and study of 67 passenger vehicle brands in China
* ranking amongst Chinese domestic brands
Source: J.D.Power Asia Pacific 2014 China Customer Service Index (CSI) StudySM
16
Vehicle Quality, Attractiveness, Dependability
J.D.Power Asia Pacific 2014 China
Initial Quality StudySM (IQS)
Automotive Performance, Execution & Layout (APEAL) StudySM
Vehicle Dependability StudySM (VDS)
Study
Segment
Model
Segment
Rank
IQS#
Compact
Free Cruiser
3
APEAL*
Compact
Free Cruiser
1
VDS^
Compact
Geely Kingkong
1
# based on evaluations from 21,311 owners of new vehicles purchased between October 2013 and
June 2014, including 212 different models from 62 different brands;
* based on evaluations from 20,731 owners of new vehicles purchased between October 2013 and
June 2014, including 212 different models from 62 different brands;
^ based on evaluations from 17,054 owners of vehicle purchased between June 2010 and August
2011, including 155 different models from 55 different brands
Source: J.D.Power Asia Pacific
17
Automaker Brand Websites
J.D.Power Asia Pacific
2014 China Brand Website Evaluation (BWES) StudySM
Brand
Points#
Geely
802
Industry Average
752
Overall Rank
Sector Rank*
2
1
# based on a 1,000-point scale and study of 3,677 new-vehicle intenders and 29 brand websites
* ranking amongst Chinese domestic brands
Source: J.D.Power Asia Pacific 2014 China Brand Website Evaluation (BWES) StudySM
18
Geely Automobile In Figures
Year started:
1998
Total workforce:
18,481 (on 31/12/2014)
Manufacturing facilities:
6 car plants in China
Products:
13 major sedan models under
5 platforms
Distribution network:
700+ dealers in China, 31 sales
agents, 511 sales and service
outlets in 31 oversea countries
2014 sales volume:
417,851 units (5% 5-year CAGR)
2014 revenues:
US$3.5 billion
Market Capitalization:
US$4.4 billion (at 23 Mar. 2015)
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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.
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