Sensetime Group, Inc. Class B · HKEX:20
Sensetime Group, Inc. Class B — H1 2024 Earnings Presentation
25 slides from Sensetime Group, Inc. Class B's earnings presentation, Aug 27, 2024
Slide 1: 2024 Interim Results Presentation
SenseTime Group Inc. 2024 Interim Results Presentation —— TO CREATE A BETTER AI-EMPOWERED FUTURE THROUGH INNOVATION 2024.08.27
Slide 2: Disclaimer
Disclaimer The information in this presentation has been prepared by representatives of SenseTime Group Inc. (the "Company", and together with its subsidiaries, the "Group") for use in presentations by the Group for information purposes. No part of this presentation should form the basis of, or be r
Slide 3: 2024 H1 Performance Highlights
2024 H1 Performance Highlights RMB 1,740 Million RMB 1,051 Million #2 group revenue Generative AI revenue market share ranking of LLM platform and applications1 21% 40% 256% 60% #3 group revenue overseas revenue Generative AI Generative AI market share ranking of YoY growth % YoY growth % YoY growth
Slide 4: 2024: A Year of Breakthrough for Generative AI
2024: A Year of Breakthrough for Generative AI Intelligent Internet Cloud Hardware New Electric Robotics Vehicle China AI Market Size On-premises (2024e-2028e)1 Data Centers Healthcare Finance ······ Edge Devices Note: 1. Data Source: China AI Infra Services Market Insights, 2023H2, IDC 4
Slide 5: Group Revenue Highlights
Group Revenue Highlights RMB million , with YoY growth of 21%. 1,740 10% 1,433 Smart Auto surged from 21% in 2023 H1 to 60% 6% in 2024 H1. 30% Traditonal AI Generative AI Two other major business segments also delivered 74% strong growth, aligned with overall group strategy. 60% , with a YoY 21% i
Slide 6: Generative AI Highlights
Generative AI Highlights RMB million 1,051 across various industries have adopted our enterprise-grade Generative AI YoY growth solutions, covering cloud, on-premise data centers, and edge devices. We have achieved our goals of the 296 contribution to group revenue , enabling a rapid model iterati
Slide 7: SenseCore AI Infrastructure
SenseCore AI Infrastructure in computing power Asia's leading AIDC managed GPUs managed computing power compared to March 2024 Note： 1. As of August 2024 2. Including self-owned and cooperative computing resources 3. Non-sparse metrics 7
Slide 8: SenseCore: Long-term Investment Has Helped with Significant Accumulation
SenseCore: Long-term Investment Has Helped with Significant Accumulation 25,000 ~ 20,000 2019 20,000 15,000 ~ 12,000 2022 10,000 ~ 6,000 5,000 2023 0 23/08 24/03 24/08 2024+ ~ +8,800 Stable capability to design, manage, and operate clusters in the range of thousands to ten-thousands of cards ~ +5,
Slide 9: SenseCore AI Infrastructure: Leading Market Share, First to Pass National-level Certification
SenseCore AI Infrastructure: Leading Market Share, First to Pass National-level Service Capability Certification China AI intelligent computing Market share of GenAI IaaS CPMM Enhanced Assessment service market forecast market service providers, H2 China Electronics Technology Standardization (2023-
Slide 10: Benchmarking against Global Leading LLMs after 18-Month Rapid Iteration
Benchmarking against Global Leading LLMs after 18-Month Rapid Iteration Comprehensive Upgrade First release of First China Performance Performance foundation model capabilities billion-parameter foundation model closely benchmarked LLM surpassing comparable with GPT4-Turbo GPT3.5-Turbo GPT4 across w
Slide 11: Highlights of SenseNova 5.5 Upgrade
Highlights of SenseNova 5.5 Upgrade 5.5 Comprehensive upgrade of foundation model capabilities 5o New Interaction Model Industry-leading multimodal capabilities Q：Can you see the book in front of you? Could you summarize the content of these two pages for Math and Reasoning Instruction Following Lan
Slide 12: Industry-Integrated Application Implementation of SenseNova
Industry-Integrated Application Implementation of SenseNova SenseChat SenseMirage Raccoon - Coding Raccoon - Office SenseChat – Finance Healthcare Character Performing better in Provide creators with One of the fastest- Released mobile product User stickiness and the Build vertical Large models as t
Slide 13: Commercialization of SenseNova
Commercialization of SenseNova SenseNova Certain Mobile Certain Smartphone MaaS APP Developer Manufacturer User Growth from January to July API Call Growth from January to July API Call Growth from January to July 2024.1 2024.2 2024.3 2024.4 2024.5 2024.6 2024.7 2024.1 2024.2 2024.3 2024.4 2024.5 20
Slide 14: Commercialization of SenseNova: SenseMirage – Photobooth
Commercialization of SenseNova: SenseMirage – Photobooth (秒画趣拍) Total users surpassed DAU exceeding 1,004,678 641,775 527,942 454,242 248,103 New Users 141,127 121,209 Retained Users 19,175 21,562 36,347 8,947 14,837 15,061 2024/7/24 2024/7/25 2024/7/26 2024/7/27 2024/7/28 2024/7/29 2024/7/30 2024/7
Slide 15: Overseas Markets Expanded Healthily
Overseas Markets Expanded Healthily YoY revenue % of total group growth revenue July 2024 Thai LLM May 2024 SenseChat - Cantonese 15
Slide 16: Smart Auto: Pioneer of Intelligent Vehicle Technology in the AGI Era
Smart Auto: Pioneer of Intelligent Vehicle Technology in the AGI Era Revenue doubled with steady increase in Automotive Agent based on “Pilot-Cabin-Cloud” mass production deliveries Revenue End-to-End AD Multimodal Cabin RMB million Multimodal Large Model UniAD – China’s FSD 168 comparable to GPT-4o
Slide 17: Smart Pilot: Leader of End-to-End Autonomous Driving Solution
Smart Pilot: Leader of End-to-End Autonomous Driving (AD) Solution Pure Visual Perception First Release End-to End Vehicle Equipped Vehicle Equipped and End-to-End AD Solution UniAD with UniAD Debuts with UniAD for Mass Production of UniAD Technology Exploration （2023 CVPR Best Paper） at Auto China
Slide 18: Smart Cabin: Deployment of LLM onto Vehicle
Smart Cabin: Deployment of LLM onto Vehicle Initial response time 60ms | Inference speed 40 tokens/sec* FlexInterface | AgentFlow – AI Agent for Automotive Compatible with mainstream automotive chips 10 mainstream languages covered by Multilingual Large Model Empowering Leading OEMs with Large Model
Slide 19: Financial Review
CA Bin sensetime Financial Review
Slide 20: 2024 1H Financial Overview
2024 1H Financial Overview Revenue Gross Profit EBITDA Net Loss RMB million RMB million RMB million RMB million 1,740 (2,041) (2,477) 1,433 (2,775) (3,143) 767 649 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 1.3% 21.4% 45.3% 44.1% (6.4%) (26.5%) (2.0%) （21.2%） yoy growth Gross ma
Slide 21: Operating Expenses
Operating Expenses R&D Expenses G&A Expenses Selling Expenses Opex RMB million RMB million RMB million RMB million Expense (excl. SBC) Expense (excl. SBC) Expense (excl. SBC) Expense (excl. SBC) SBC SBC SBC SBC 2,998 2,956 234 125 1,892 1,783 59 100 797 2,831 735 2,764 1,833 92 51 1,683 418 42 329 7
Slide 22: Working Capital
Working Capital Turnover Days – Period Ending Method(1) Provision for Impairment (as % of gross trade receivables) Cash Conversion Cycle 53.0% 57.5% 37.8% 413 334 449 459 2023 H1 2023 YE 2024 H1 399 347 Collection of trade receivables RMB million 193 2,164 178 161 1,721 132 1,616 97 91 2023 H1 2023
Slide 23: Capex and Cash Balance
Capex and Cash Balance Capex(1) Total Cash(2) Equity and Bond Investment(3) RMB million RMB million RMB million Equity Investment Bond Investment 13,211 11,409 9,913 783 6,527 6,675 735 700 6,456 1,608 1,636 1,671 4,848 4,891 5,004 2023 H1 2023 H2 2024 H1 2023 H1 2023 YE 2024 H1 2023 H1 2023 YE 2024
Slide 24: Q&A
CA Bin sensetime Q&A
Slide 25: THANKS!
THANKS! TO CREATE A BETTER AI-EMPOWERED FUTURE THROUGH INNOVATION 2024.08