Geely Automobile Holdings Limited · HKEX:175
Geely Automobile — FY2015 Earnings Presentation
17 slides from Geely Automobile's earnings presentation, Mar 22, 2016
Slide 1: 2015 Final Results
2015 Final Results 22 March 2016
Slide 2: Important Notice
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
Slide 3: 2015 Full Year Results
2015 Full Year Results • Attributable profit up 58% to RMB2.261 billion • Sold 510,097 units of vehicles • Revenue & Domestic sales volume reached record highs • FD EPS up 58% to RMB 25.7 cents • Cash dividend per share up 52% to 3.8 HK cents 3
Slide 4: 2015 Highlights
2015 Highlights • Sales of all-new GC9 exceeded expectations • Strong sales of New Emgrand and New Vision continued • ASP up 10% and up for six consecutive years • Customer after service satisfaction continued to improve 4
Slide 5: 2015 Highlights
2015 Highlights • Strong operations cashflow and thus financial position • Net cash at record high of RMB7.3 billion at year end • Well controlled selling & administrative expenses • Stable margins • FX loss of RMB472 million • Exports down 57% 5
Slide 6: Sales Volume Breakdown
Sales Volume Breakdown (Y/E December) 2015 2014 YoY Change Total 510,097 417,851 +22% - Domestic 484,363 358,130 +35% - Exports 25,734 59,721 -57% Key Models: EC7/New Emgrand 198,302 162,613 +22% Vision 114,963 25,134 +357% GX7/GX9 59,943 63,300 -5% Kingkong 55,526 72,380 -23% GC9 32,571 0 - 6
Slide 7: 2015 Full Year Results
2015 Full Year Results Y/E December (RMB m) 2015 2014 YoY change Sales volume (units) 510,097 417,851 +22% Turnover/Revenue 30,138 21,738 +39% Gross profit margin ratio* 18.2% 18.2% 0% Operating margin ratio** 9.3% 9.2% +1% Profit after tax 2,289 1,449 +58% Attributable profit 2,261 1,431 +58% Dilut
Slide 8: Financial Analysis
Financial Analysis Y/E December 2015 2014 YoY change Sales of vehicles (RMB m) 28,853 21,534 +34% Average unit price (RMB) 56,564 51,536 +10% Return on equity* 11.6% 8.3% +40% Gross margin ratio** 18.2% 18.2% 0% Operating margin ratio*** 9.3% 9.2% +1% Selling expenses (% of T/O) 5.2% 5.8% -10% Admin
Slide 9: Financial Summary
Financial Summary • Profitability and margins at healthy levels • Subsidy income stabilized • Foreign exchange losses well-contained • Higher capex to support technology/product upgrade • Net finance costs reduced 9
Slide 10: Profitability
Profitability 25.0% 9.0% 8.0% 20.0% 7.0% 6.0% 15.0% 5.0% 4.0% 10.0% 3.0% gross margin selling expenses % T/O 5.0% 2.0% operating margin 1.0% administrative expenses % T/O 0.0% 0.0% 2008 2009 2010 2011 2012 2013 2014 2015 2008 2009 2010 2011 2012 2013 2014 2015 10
Slide 11: Operational Summary
Operational Summary • Distribution channels fully consolidated and strengthened • Positive branding impact • Chunxiao expansion and new Linhai plant • Cooperation with CEVT & Volvo Cars • New product cycle well-received • Genius AFC opened 11
Slide 12: Operational Summary
Operational Summary • Launch of “Blue Geely Initiatives” – our new energy strategy • Launch of Emgrand EV – our first new energy vehicle model • JLE-4G18TD engines voted “Ten Best Engines” • “GC9” voted “China Car of the Year” 12
Slide 13: Branding
Branding • Strategic Partnership with China National Swimming Team • Olympic Champion Sun Yang named Brand Ambassador for Geely Automobile
Slide 14: 2016 Outlooks
2016 Outlooks • Start of the strongest new model renewal cycle • Proven execution capabilities in delivering quality products and services after recent large scale restructuring • Target sales volume: +18% to 600,000 units 14
Slide 15: New Products
New Products • New mid-size SUVs • Emgrand GS City Cross • New A+ segment Sedans • New compact SUVs • + Others upgraded and facelifted models 15
Slide 16: YTD Performance
YTD Performance (First 2 Months 2016) • New Kingkong well- received (+33% YoY) • Total sales volume +2% YoY 台灣永豐 • Domestic sales volume +5% YoY • Exports sales volume - 41% YoY • On track to achieve FY targets 16
Slide 17: www.geelyauto.com.hk
Ma GEELY www.geelyauto.com.hk a
Geely Automobile Holdings — FY2015 Earnings Presentation on 6ix