UQM Technologies Company Overview August 2014

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UQM Technologies, Inc. 2014 COMPANY OVERVIEW Innovative solutions for electrifying vehicles

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UQM Technologies Company Overview August 2014

Transcript of UQM Technologies Company Overview August 2014

UQM Technologies, Inc. 2014COMPANY OVERVIEW

Innovative solutions for electrifying vehicles

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

Industry Overview Innovative solutions for electrifying vehicles

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 

UQM Technologies, Inc. 2014COMPANY OVERVIEW

Innovative solutions for electrifying vehicles