Energica Presentation March 2018 · Investor Presentation. 2 Energica Motor Company ... 2016....

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Investor Presentation

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Energica Motor Company

Energica Motor Company S.p.A.

✓ Energica Motor Company S.p.A. is the first manufacturer of high-

performing electric motorcycles

✓ The soul of Energica Motor Company S.p.A. comes from history and

traditions of their natural born area: innovation combines with the

genuine engines tradition of Italian Motor Valley.

“Energica is the first start-up with almost 50 years history. Coming from

an Italian based high-tech group (the CRP Group) working in Formula1,

motorsports and aerospace fields.

What was originally a R&D project became a prototype and soon a final

product tested and appreciated during test rides we held in US and

Europe.

We are innovating the EV industry, a new industry that we believe will

change the transportation and automotive businesses. Our products

integrate EV technology, sport, performances and green values and we

now deliver them through a network of importer in Europe and US.”

Livia Cevolini, CEO Energica Motor Company S.p.A.

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The CRP Group – since 1970

• The Group is nowadays made up of specialized companies: CRP Meccanica,

CRP Technology, CRP Service plus its US-based partner CRP USA. In 2010

CRP Group decided to invest in the new field of sustainable vehicles by creating

Energica.

• With more than 45 years of experience in the world of F1 and more than 20 years

of experience in Additive Manufacturing, CRP Group is distinguished by its know-

how in specific application fields including but not limited to: automotive and

motorsports, design, aerospace, UAVs, marine, entertainment, defense.

• Innovation, investments in research and development, and strategic

foresight are the principles that the Group has shared throughout its history.

• The CRP story began in 1970. After he gained experience in several mechanical

and high precision areas, Roberto Cevolini established his own company for high

precision CNC machining in the motorsports sector.

CRP Group

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The CRP Group

CRP Group

“Companies working in F1 field have

something different in their DNA”

https://www.youtube.com/watch?v=rb4htZSKTNM

https://www.youtube.com/watch?v=rb4htZSKTNM

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The CRP Group – since 1996

• CRP is a pioneer in Additive Manufacturing, having started in 1996 when it

was almost unknown in Italy. In the Nineties 3D printing technology was known

as Rapid Prototyping: it was a fast, cost effective way to realize new design

concepts; it allowed us to create perfect 3D shapes.

• The studies carried out by CRP Technology from 1996 have changed the

scenario of Rapid Prototyping introducing a new concept of Additive

Manufacturing and 3D Printing: Windform 3D Printing materials have allowed

the technology of selective laser sintering (SLS) in order to realize high

performing parts for wind tunnel applications as well as finished and functional

parts.

• Windform’s mechanical properties made them a layer above 3D Printing, leading

from Rapid Prototyping to Additive Manufacturing. The birth and launch of

Windform materials has been an important turning point worldwide.

• It occurred in 2005, when we created, produced and launched on the market

Windform XT, composite polyamide based material for SLS, the first carbon

fiber filled ever.

CRP Group

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The CRP Group – CRP Racing 2006-2010

• CRP Racing was founded in December 2006, as CRP Technology’s

Racing Department. CRP Racing’s goal was to become the main point of

reference in its market for quality, speed, reliability, ability and service.

• CRP Racing became the leading two stroke tuning firm in Italy, winning

the Road Racing Italian Championship and Honda Trophy in 2007 and

2009.

The changeover to green

• In 2009 we decided to bring the “CRP Method” to a new project: the

eCRP was the first e-racer to come out of Italy. The CRP’s electric

program started

CRP Group

7 CRP Group

“Passion allows us to endure bitterness and waiversthat ambition would not justify in any way” Enzo Ferrari

8 Energica Motor Company S.p.A.

“If you can dream it you can do it”

Walt Disney

Energica Motor Company S.p.A.9

Energica Motor Company – since 2012

✓ Energica was born from an entrepreneurial vision of Cevolini’ family between 2008 and

2009. During those years, CRP Group decided to start looking at what they thought was the

future, like the electric vehicles.

✓ In 2009, CRP Group took the opportunity to develop a fully electric racing motorcycle and so

they started with the eCRP project. CRP made two years of racing that are served primarily

as a technology scouting, then in 2011 they started working on the road version, Energica.

✓ The team started to fit the needs of a streetbike with the new electric technology and the

differences of the racing market, from here they arrived at the new version of Energica Ego.

✓ On the design of the bike has played a key role the CRP Group's know-how because

thanks to the CRP technologies the team were able to make this kind of project in a short

time.

✓ CRP technologies developed for the aerospace and F1 allowed Energica to shorten the

time to market and to shorten the timing of the research, also containing costs.


Energica Motor Company

✓ Energica Motor Company was officially founded in 2014 with the aim of creating the

first high-powered electric motorcycles.

✓ After two years of racing, the eCRP team started working on the road version:

Energica.

✓ Today, after test and homologations, Energica motorcycles are on sales worldwide.

✓ Since January 2016 Energica is publicly listed on AIM Milan Stock Exchange Market,

to scale the market and start global production.

✓ Products

ENERGICA EGO the first Italian high-performing electric sportbike.

ENERGICA EVA the streetfighter model.

ENERGICA EVA ESSEESSE9 is the new “old-school” electric motorcycle


Energica Milestones

Start of the Electric motorcycle

project (within CRP Group)

2009 2010 2011 2013 2014 2015 2016

• Energica EGO launch• Energica new headquarters

eCRP – the electric racebike

wins European Electric

Championship

ENERGICA

Bologna

Modena

Parma

Location

First participation at

EICMA*• Establishment of

Energica Motor

Company Srl

• Worldwide Demo Tour

(USA+ EU+ MC)

• Stock Market

2017

• Third model Eva

EsseEsse9

• MotoE statement


Energica Milestones - 2016

Feb/March June July AugustApril May Sept/Oct.

Sales Ego pre-

series

USA market

strategy

Moving in the new

headquarters

Energica Eva

Ride Experience

Europe

Start production

Bay Area

One-day trip LA-

SF

Deliveries Eva

Grand opening –

new factory

Energica

Goodwood Festival

Opening Galleria

Energica in San

Francisco

New dealers

(Spain)

New sales

strategies (Value

Plan)

Nov/Dec

Eicma 2016 –

The International

Motorcycling Fair

Sales Network

Growth

California Sales

License

• Launch of Energica Eva

• Preparation of product Industrialization

• US and European Homologation

• Energica Eva Ride Experience

• Energica New Headquarters

• Opening of branded display halls

• News sales strategy

• Unveiling Esse Esse 9 prototype

• Sales Network Growth


Energica Milestones - 2017

Gen/Feb June July AugustMarch/April May

CES 2017 – Las

Vegas, with CRP

Group and CRP

USA

New US General

Manager

Partnership with

Apache Custom

Motorcycles –

new electric cafè

racer based in

Energica Eva

Energica

joins CharIN e.v.,

to promote the

CCS standard

worldwide.

Homologation

Euro 4 achieved

New commercial

agreements:

France, Italy, US

FIRST ENERGICA

FAST CHARGING

STATION

Dolomites, Selva di

Val Gardena

Energica @

Wheels&Waves

Livia Cevolini

speech @

TEDxModena

New Area Sales

Manager Europe

New Sales

agreement in

Germany-Munich

Dolomites Vives

test ride – Passo

Sella available

only for EVs

New important

change of MSRP

in USA

Canadian market

approach

Italian Patent VCU

• Stefano Benatti new US General Manager

• Energica joins CharIN e.v. to promote CCS technology

• Unveiling first Energica Fast Charge Station, Dolomiti

• Dolomites Vives initiative

• New commercial agreements in USA and Europe

• New Area Sales Europe

• Change of MSRP in USA

• Canadian market approach

Sept/Oct

Nr 2 New Sales

agreement in

Germany

Italian Patent

eABS. European

Patent Supply Unit

ALD Automotive

Italia partnership

• Nr. 3 patents: VCU, eABS, Supply Unit

• ALD Automotive Italia Partnership

• Unveiling 3° model, Eva EsseEsse9

• Legambiente and IDTechEx Awards

• IMS Long Beach/New York

• Eicma 2017

• Premio IngDan

• MotoE Statement

Nov/Dec

Eicma 2017:

unveiling 3°

model Eva

EsseEsse9

and Energica

MY2018

Legambiente

and IDTechEx

Awards

IMS Long

Beach/New

York

Motorcycle Live

Premio IngDan

MotoE

statement


✓ TORQUE 200 Nm

✓ POWER 107 kW

✓ MAX SPEED Limited at 240 km/h

✓ Fast charge on board: 0-85% < 30 min


Eva 107

✓ TORQUE 200 Nm

✓ POWER 107 kW


✓ Fast charge on board: 0-85% < 30 min Eva 80kW

Eva 107 kW


✓ TORQUE 180 Nm

✓ POWER 80 kW


✓ Fast charge on board: 0-85% < 30 min


DASHBOARD

A 4,3" Color Display allows great

flexibility, supporting the flow of

information and interactivity with the

vehicle system

RIDE BY WIRE ENGINEERING

The ride-by-wire system ensure the perfect

driving experience with 4 different engine

mappings and 3 different mappings of

regenerative braking

PARK

ASSISTANT

In order to facilitate

parking and

maneuvers on

slopes or into rush

traffic

BATTERY

PACK

Lithium-polymer

battery with internal

designed cooling

system. Dozens of

sensors and

electromechanical

devices ensure

maximum vehicle

performance and

driver safety

VEHICLE CONTROL

UNIT

EGO’s battery, inverter, charger

and ABS are constantly

monitored and managed by the

VCU, completely designed and

developed by Energica

CONNECTIVITYThe vehicle can be equipped with

“short-range” and “long range”

connectivity services

ABS

Ego has the latest

generation ABS

BOSCH with rear-wheel

lift-up mitigation system

SUSPENSION

EGO is equipped with

adjustable Bitubo

(rear)

TIRES

EGO is equipped

with road-gripping

Pirelli Diablo Rosso

II tires

BRAKES

Front / rear braking

systems provided by

Brembo

ITALIAN DESIGNEGO has an Italian-style,

tubular, craftsman-like trellis

high strength steel frame

KEY FEATURESTop speed: 150 mph / 240 kmh

From 0 to 60 mph / 100 kmh: < 3"

Torque: 200 Nm (0 to 4700 rpm)

Fast charge: >30 minutes (85%)

Zero emissions

FAST CHARGEThe only moto with integrated

Fast Charge

Core technology / IP Selected supplier

Core Technology


✓ Fully Homologated: Especially in the world of electric vehicles,

relatively new and "younger" than the most "established" combustion

vehicle's market, there is still a little confusion on how important it is

to get the COP, homologation, safety and reliability approvals.

Energica are the only electric high-performing motorcycles fully

homologated and approved by autorities for both Europe and USA.

✓ F1 and Aerospace Background: Energica benefits in countless

and immeasurable ways from the close relationship and consultation

with parent company CRP Group - a leader in the Formula 1 and

Aerospace industry. The overall culture that distinguishes CRP

Group is fully integrated into Energica Motor Company. Diving in F1

world and aerospace industries keeps Energica at the forefront of

state-of-the-art technology and ready for future innovation.

✓ R&D: Energica core R&D activities are aimed at achieving

knowledge to design new products and improve the ones already on

sales. Development programs are particularly aimed at:

▪ Reducing vehicles weight

▪ Improving aerodynamic characteristics

▪ Seeking new technical solutions

Energica Motorcycles key features

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VCU – Vehicle Control Unit


✓ The brain of Energica motorcycles is the Vehicle Control

Unit.

✓ Unlike other vehicles where the control units work separately on

all controllers, the Energica’s battery, inverter, charger and ABS

are constantly monitored and managed by the VCU, completely

designed and developed by Energica.

✓ The VCU implements a multimap adaptive energy, and a

power management. Algorithm manages the vehicle,

carefully monitoring and adjusting the motor’s power

according to the throttle thrust 100 times per second while

riding.

✓ The VCU interfaces with the ABS system, controlling

regenerative engine braking. This ensures the highest efficiency

in energy usage and full functionality of the battery throughout

the life of the vehicle, but also delivers great drivability and

experience. The system is based on an architecture with dual

redundant microprocessors to ensure the highest safety

standards that constantly monitor the status of the battery, even

in the key-off position.

✓ Ensuring superb efficiency in energy management of the

battery even in prolonged periods of vehicle hibernation.

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Battery Pack


✓ Energica motorcycles use a high-energy lithium polymer (Li-NMC)

battery.

✓ Contained in sealed housing holding battery cells, the Battery Management

System (BMS) has all the necessary provisions to ensure the safety of the

vehicle. The battery keeps all high-voltage components encapsulated,

making it unlikely to accidentally be exposed to risk.

✓ The battery pack is an intelligent device with its own electrical brain,

comprising dozens of sensors and electromechanical devices that constitute

a closed subsystem to ensure maximum vehicle performance and driver

safety in all environmental conditions.

✓ Energica has designed a cooling system for the battery pack thanks to

its specific ventilation paths limits the stress of the batteries. This

provides considerable benefits to both performance of the vehicle and

the life of the battery.

✓ Energica is the only company in the world that has designed, patented

and adopted this type of technology on its own bikes.

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Dashboard


✓ The TFT full-color LCD dashboard on Energica

motorcycles with 16.7 million display colors has

excellent visibility.

✓ The active matrix dashboard creates a real Human

Machine Interface for the motorcycles.

✓ This technology allows great flexibility, supporting the

flow of information and interactivity with the vehicle

system. It can provide an extensive menu of

configurations and advanced user diagnostics, which are

easy to read. It also monitors all of the functions and

phases of vehicle operation, such as charging, driving,

standby, and the connection with the outside world.

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eABS – ABS


✓ The latest generation ABS BOSCH on Energica motorcycles not

only prevents the wheels from locking but is equipped with

rear-wheel liftup mitigation system that prevents overturn

during emergency braking.

✓ The driver has the ability to turn the ABS system on and off using the

dashboard.

✓ The latest generation eABS mounted on the Energica motorcycle is

able to limit the maximum regenerative torque in case of slippery

conditions.

✓ In particular, the system verifies the presence of friction

conditions and, in case of slippery conditions, limits the

maximum regeneration torque.

ABS

eABS


Electronics: Energica DNA

✓ Any mechanical, electrical or biological system needs

instructions to be able to work.

✓ For biological organisms there is DNA and for software

the number of program lines.

✓ The Energica Software has reached 1.1M of program

lines (645,000 program lines only for the VCU).

✓ Over 200,000 more than a Space Shuttle

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Fast Charge


✓ Energica conforms to the international standards CCS

(combined charging system).

✓ Energica is the first and only electric motorcycle capable of fast

charging with CCS standard (Type 1 & 2)

✓ Thanks to the onboard connector, you can recharge at the DC

Fast Charge Stations and the AC Chargers.

✓ When you use the DC Fast Charge Station, the bike can

charge at 20kW up to 80/85% of its state of charge (SOC)

in about 20 minutes.

✓ This guarantees 120 km of range in less than half an hour.

✓ When using the AC charger, the bike can be charged in about

3.5 hours using the 3kW OBC (On Board Charger).

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Energica is the unique EV Motorcycle with DC fast-charge technology based on CCS

Combo that allows the bike to charge 80% of battery in 20 minutes.

Energica intends to deploy an installation plan of fast charge points targeting the best

roads motorcyclists love to ride through.

In partnership with several companies (Utilities, Hardware provider, charging

services) Energica will either co-finance the installations of dedicated chargers (DC

technology 20kw, Combo CCS standard plugs) or facilitate the access to existing

ones. This will allow Energica customers to enjoy the best roads without any range

anxiety. Energica will fill the gap to guarantee EV motorcycle rides.

A detail plan on routes is in process according to Energica dealership network and a

first round of installations has been identified in some locations in Italy (Energica

Fast Charge already unveiled in Dolomiti area) and in California.

In the areas where charging network are already available Energica facilitates

customer to used them. In The Netherlands Energica has the option to use fast

charge network for free thanks to an agreement with Fastned Company that provides

4 years fast charge through the growing network with 20-30 minutes average

charging time.

The fast-charge installation project foresees multiyear plan with prospective

investment up to 1.mln € according to market areas and needs, starting from for

Italian region and California covered under the marketing budget.

Fast Charge Infrastructure Program


26 Energica Motor Company S.p.A.

• Unveiling the first “Fast Charge Infrastructure Program” charging

station. Following Nissan and Tesla, Energica unveiled the first Energica

fast charging station at Selva di Val Gardena, Dolomiti - Italy.

• The 50 kW Fast Charging Station has been installed in Str. Meisules, 144,

39048 Selva di Val Gardena (BZ) thanks to the partnership with Alperia.

• This station is the first fast charge in Dolomites Area and is part of the

"Energica Fast Charge Infrastructure Program“, an installation plan of fast

charge points targeting the best roads motorcyclists love to ride through.

• In partnership with several companies (Utilities, Hardware provider,

charging services) Energica will either co-finance the installations of

dedicated chargers (DC technology 20kw, Combo CCS standard plugs) or

facilitate the access to existing ones.

• With this new installation, motorcyclists and other EV customers will finally

be able to discover the amazing Dolomites area with full electric vehicles

and without any range anxiety

First Energica Fast Charge


Energica – Eicma 2017

For the 7th consecutive year Energica was present at EICMA, the international exhibition dedicated to the world of motorcycles.

The Italian manufacturer of high-performing electric motorcycles unveiled the new Model Year 2018 and the third model Eva EsseEsse9,

the first “old school” electric motorcycle. The name Eva EsseEsse9 is inspired by the real name of Via Emilia, historic road crossing the

Italian Motor Valley and it is inspired by the ancient motorcycles.

The Ego sportbike, awarded by MCN as "Best Electric Bike of the Year", and the streetfighter Eva showed at Eicma their new liveries and

a new output power (Eva 107).

All MY2018 Energica will be on sale with Fast Charge, TFT color dashboard 4.3 '' dashboard, 4 maps (4 Riding Modes: Urban, Eco, Rain,

Sport - 4 Regenerative Maps: Low, Medium, High, Off) as standard. The USB plug will be standard on Eva, Eva 107 and Eva EsseEsse9

(optional on Energica Ego).


Energica – Eicma 2017, Love to Ride

Energica joined the second edition of Love To Ride.

Rinascente and Moto.it are partners for this off-site event that has transformed the flagship store in Piazza Duomo into an urban venue.

Love To Ride celebrates the passion for motorcycles with performances and activities organised in collaboration with the leading brands

in the motorcycle sector, including Energica Motor.

Eva EsseEsse9, the first "old- school" electric motorcycle was among the world premiere motorcycles in Rinascente's

showcase!


Energica Motor Company Inc., the exclusive distributor for Energica Motor Company SpA, the Italian manufacturer of high-performing

electric motorcycles, is strengthening its presence on the American territory: new commercial agreements were signed in Los Angeles,

Santa Monica, San Francisco and Texas.

In addition Energica approached African market with a new importer based in Capetown, South Africa.

This is the forth extra-European market covered after USA, Israel and Jordan. Furthermore the Company announced negotiations in

progress on Canadian market.

In Europe, Energica improved its sales network adding new commercial agreements in Germany, France, Italy, Eastern Europe and Ireland

Energica Sales Network


Energica: single manufacturer for FIM Enel MotoE™World Cup

The FIM Enel MotoE™ World Cup is becoming a reality in 2019, ushering in the beginning of a new era for two-wheeled motorsport:

sustainable and environmentally aware competition on electric motorcycles.

Dorna announces that the supplier for this new and exciting prospect will be Italian innovator Energica.

Energica is the single manufacturer chosen by Dorna for the FIM Enel MotoE™ World Cup.

A tuned version of Energica Ego, Ego Corsa, will be used by teams that will race the FIM Enel MotoE™ World Cup. The R&D team is

already committed on this bike, working on driveability on the track, and then on track specifications. Testing demo program will be held

during the 2018 MotoGP™ World Championship.


Energica - My Electric Deal: 2018 new initiative

Being the unique manufacturer of the new FIM Enel MotoE™ World Cup is an important technological challenge for Energica Motor

Company. The new Ego Corsa racebike will come from the series, and will have many connections with the production bike Ego - electric

motorcycle of the year in 2017.

The Energica development team is already committed on this bike: during 2017 and in the first few months of 2018 several vehicles have

been involved in many activities.

The R&D department carried out product tests focused on improving performances while the Marketing&Sales department promoted

Energica brand through commercial presentations all over the world. These activities required many units used for short periods, thus

creating a fleet of company vehicles now available for sale.

“My Electric Deal” initiative born and involves both the street-legal sportbike Ego and the streetfighter Eva.

More details on Company’s website.


Energica: surprising first quarter 2018

Energica closed the first quarter 2018 with a current order book that exceeds the total of sales of the previous year. During 2017 Energica

has worked hard on the promotion of its products and the entire Evs sector in order to pursue the goal of establishing itself as leader in the

segment.

Thanks to these efforts, Energica has been chosen by Dorna as the Unique Manufacturer of the FIM Enel MotoE™ World Cup, the world's

first electric motorcycle competition that will start in 2019.

"In these first few months of 2018 we have achieved an extraordinary result: our order book overcomes the 2017 sales in a short time", said

Livia Cevolini, CEO of Energica Motor Company S.p.A. “This result was achieved thanks to the launch of our third model, the old-school

electric Eva EsseEsse9, and the involvement in MotoE™ project."

"Our goal is to proceed along this path and put other milestones in Automotive sector and soon also in the electric racing field".


Global Electric Motorcycles Market

• Electric Motorcycles & Scooters Market size was valued at over USD 25 billion in 2015 and will grow at more than 10% CAGR

estimation from 2016 to 2024. Global shipments are projected to surpass 60 million units by 2024. *

• According to ACEM E-motorcycles registration report we can see more than positive signals from the European Market: + 50%

compared to 2015.

• Joel Couse, chief economist for Total, predicted that sales of electric cars will surge from about 1% globally in today’s new car market to

up to 30% of the market by 2030.

• According to Tracxn Electric vehicles Report electric vehicle space in 2016 saw investments increase by 500% from previous year.

Energica Motor Company was the only one to go public in this sector in the last three years.

* Source: “Electric Motorcycles & Scooters Market Size By Product (Motorcycles, Scooters), By Battery (SLA, Li-ion, NiMH), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK,

France, China, India, Japan, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc.

https://www.gminsights.com/industry-analysis/electric-motorcycles-and-scooters-market

http://www.acem.eu/

https://blog.tracxn.com/electric-vehicle-report


Analyst Coverage

"Ready to scale up"

● "High performing electric motorcycles manufacturer founded back in 2014, Energica Motor

Company has a clear mission in mind: to create high performance - high powered electric

motorcycles with top quality components.”

ValueTrack Analyst Coverage available on Energica Investors Relations section

http://www.energicamotor.com/it/investors-relations/analyst-coverage/


energicamotor.com

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Energica Presentation March 2018 · Investor Presentation. 2 Energica Motor Company ... 2016....

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