PIKA Technologies Inc. CAS Logger Application Sample August 2014.
UQM Technologies Company Overview August 2014
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Transcript of UQM Technologies Company Overview August 2014
Forward‐Looking Statements
This presentation contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this presentation and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our officers and directors with respect to, among other things, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Forms 10-Q, which are available through our website at www.uqm.com or at www.sec.gov.
Innovative solutions for electrifying vehicles
Our Vision
To create the world’s leading motor and controller systems for
hybrid and electric vehicles.
Innovative solutions for electrifying vehicles
Delivering the Heart of the EV
Key Market Drivers
Improved Experience
• Fun to drive• Better mileage• Lower operating costs• Quiet operation• Zero tail pipe emission
Political Will
• Country‐specific clean vehicle goals
• Investment subsidies• Consumer incentives
Regulatory Push
• US CAFE standards• Global CO2 standards• CA mandates 15.4% of new cars to be either Electric Vehicle (EV), Plug‐in Hybrid (PHEV) or Fuel Cells by 2025
• China New Energy Vehicle mandates EV Market
Growth
Innovative solutions for electrifying vehicles
Strong Current Market Growth Innovative solutions for electrifying vehicles
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
2011 2012 2013 2014
Plug‐in EV sales 1st 6 months
Source: EDTA
July 2014 is +54% vs July 2013
Currently 20 models being sold
Total number of offerings expected to double over next two years
EV Sales Targets
Source: International Energy Agency, April 2013
“6 million EV’s on the road by 2020”
Medium‐Heavy Duty Market
“The market for electric buses and taxis will multiply over 8 times in the next decade, approaching $60 billion
not long after that.”
Source: Hybrid and Electric Buses and Taxis 2013-2023
Stronger Projected Market Growth Innovative solutions for electrifying vehicles
Proterra EcoRide™Proterra EcoRide™
Strategic Priorities Innovative solutions for electrifying vehicles
Penetrate full range of EV markets
New global customer development and current customer growth
Operational excellence
Cash flow positive and profitability
Lead the industry’s next generation of products
Strategic Priorities Innovative solutions for electrifying vehicles
Penetrate full range of EV markets
New global customer development and current customer growth
Operational excellence
Cash flow positive and profitability
Lead the industry’s next generation of products
Penetrate Full Range of EV Markets Innovative solutions for electrifying vehicles
Trucks, Vans
Passenger Cars
Other
Buses
Pipeline
China
China China
China
China
Strategic Priorities Innovative solutions for electrifying vehicles
PPPenetrate full range of EV markets
New global customer development and current customer growth
Operational excellence
Cash flow positive and profitability
Lead the industry’s next generation of products
PowerPhase® Systems Built for a Broad Range of Applications PowerPhase® Systems Built for a Broad Range of Applications
Full Electric Fuel CellPlug‐in Hybrid EV
Extended Range
Parallel Hybrid
Series Hybrid
New ProductsHigh Performance Products Innovative solutions for electrifying vehicles
New ProductsInnovative Technology
High Power Density
Greater RPM Range
Higher Performance
High Efficiency
Permanent Magnet
Motor and Controller
Patented Adaptive Software Control
Smaller and Lighter Weight
Consumes Less Energy
Longer Range
SYSTEM GREATER THAN SUM‐OF‐THE‐PARTS
New ProductsCommercial Vehicle Products Innovative solutions for electrifying vehicles
PowerPhase HD® 220700 Nm peak torque220 kW peak, 120 kW continuous motor powerFull power from 370 to 450 VDCMaximum speed 6,000 RPM
PowerPhase HD®950T (High Torque)950 Nm peak torque144 kW peak, 100 kW continuous motor powerFull power from 370 to 450 VDCMaximum speed 4,500 RPM
PowerPhase HD®250900 Nm peak torque250 kW peak, 150 kW continuous motor powerFull power from 450 to 750 VDCMaximum speed full performance 5,500 RPM
UP TO 95%TOTAL SYSTEM EFFICIENCY
New ProductsPassenger Vehicle Products Innovative solutions for electrifying vehicles
PowerPhase Pro® 100
300 Nm peak torque
100 kW peak, 80 kW continuous motor power
PowerPhase Pro® 135
350 Nm peak torque
135 kW peak, 80 kW continuous motor power
Next Generation of PowerPhase® Products
Leading edge features and performance
Reduced size for easier packaging
Provides higher efficiency across a broader
range of operating conditions
UP TO 94%TOTAL SYSTEM EFFICIENCY
Strategic Priorities Innovative solutions for electrifying vehicles
Penetrate full range of EV markets
New global customer development and current customer growth
Operational excellence
Cash flow positive and profitability
Lead the industry’s next generation of products
New Production Customers
Target regions: United States, China
and Europe
Target regions: United States, China
and Europe
Target markets:bus, truck and
passenger vehicles
Target markets:bus, truck and
passenger vehicles
Develop key relationshipsDevelop key relationships
Build upon existing brand equity
Build upon existing brand equity
Global Sales Strategy Innovative solutions for electrifying vehicles
Recent Milestones Innovative solutions for electrifying vehicles
Building Momentum
Audi A‐1 e‐tronAudi A‐1 e‐tron
2013• Boulder EV Long Term Agreement• EVI Long Term Agreement• Proterra EV Bus 3‐year Supply Contract• Audi A1 e‐tron EV expands test fleet• Denver RTD Hybrid Bus Order• Zenith Motor Shuttle Van Order• New product ‐ PowerPhase Pro HD® 250• New product ‐ High‐Torque PowerPhase HD® 950T system
2014 • Agreement with DMA for Light Commercial Vehicles in Turkey• Achieve ISO/TS 16949 Certification• Supply Indonesian Electric Bus Manufacturer PT Sarimas
Ahmadi Pratama• Zenith electric vans 1st to receive EPA certificate • Proterra electric bus sets record for most miles traveled• Collaboration with KDS on electric drive systems
Supply Contracts & Long Term Agreements
• Long term agreement signed in late 2012• Deliveries underway to support long‐term contract
• Long term agreement signed in 2013• Building delivery vans for UPS and Frito Lay
• Long term agreement signed in 2013• Building delivery vans for UPS and DoD SPIDERS program
• Began refurbish program in late 2012• Hybrid bus fleet
• Initial deliveries underway• All‐electric shuttle vans
Innovative solutions for electrifying vehiclesNew Opportunities
New Territories & Other Applications
New Customers & PartnershipExisting Customers
ProterraZenith Motors
EVI
Boulder EV
Roush
Eaton
Hino
Territories• China• Indonesia• Hungary• Turkey• Japan
Inter Tan‐KerDerindere Motorlu Araclar(DMA)PT Sarimas Ahmadi PratamaRTD
Other Applications• Marine/Ships• Non Vehicle
Partnership• Kinetic Drive Solutions
Strategic Priorities Innovative solutions for electrifying vehicles
New global customer development and current customer growth
Lead the industry’s next generation of products
Operational excellence
Cash flow positive and profitability
Penetrate full range of EV markets
Experienced Team
Eric Ridenour, President and Chief Executive Officer• Previously Chief Operating Officer, Chrysler and Board of Management, DaimlerChrysler• Previous roles at Chrysler‐ EVP of Engineering, VP of Premium Vehicle Team, VP of Product Planning
David Rosenthal, Chief Financial Officer• Previously Director, President and Chief Executive Officer, Cyanotech Corporation• Previously Chief Financial Officer of Sanz, Inc. and Hickory Farms
Joe Mitchell, Senior Vice President of Operations• 25+ years experience in automotive sector focused on operations and quality control• 11 years hybrid experience with Continental, Siemens VDO and Ballard
Innovative solutions for electrifying vehicles
Jon Lutz, Vice President of Engineering• UQM Engineering executive for 20 years • Inventor/co‐inventor of several of UQM’s key patents
Adrian Schaffer, Vice President of Sales and Business Development• Previously VP, Sales for Linamar • Previously senior sales executive with Motorola focused on the vehicle market
World Class Facility Innovative solutions for electrifying vehicles
130,000 sq. ft. facility• Flexible assembly lines fully validated for high
production volumes
• ISO/TS 16949 Certified (highest level Quality certification for automotive industry)
• Targeting ISO 14000 in FY 2015
Strategic Priorities Innovative solutions for electrifying vehicles
New global customer development and current customer growth
Lead the industry’s next generation of products
Cash flow positive and profitability
Operational excellence
Penetrate full range of EV markets
Road to Profitability Innovative solutions for electrifying vehicles
*Quarter ended June 30, 2014
Revenue growth with current customer base and new opportunities
All products have strong positive margins (average 41% last year)
Strong balance sheet*
$9.5 million in cash
$19.2 million in working capital
No debt
Cost efficiencies continue to improve bottom line
Capex Requirements
Near term – Minimal capex needs
Longer term – Growth in other regions may drive local capacity plans
Driving to Profitability Innovative solutions for electrifying vehicles
Emerging markets with strong growth
Leading products
Seasoned management team
Global customer base
Well capitalized