Investor Presentation. May 2019
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Innovation Experience Experience ● Innovation Disruption ● Training Energica Motor Company S.p.A. Energica Motor Company ✓ Energica Motor Company S.p.A. is the first and only 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 in fact the first start- up with almost 50 years of history, being a spin-off of the CRP Group, an Italian based high-tech excellence working in Formula1, motorsports and aerospace fields for more than 45 years continuously. ✓ Energica Motor Company was officially founded in 2014 and today, after test and homologations, Energica motorcycles are on sales worldwide. ✓ Since January 2016 Energica is listed on the “AIM Italia” Stock Exchange Market. As of today the free float is 35,77%, and Energica raised 5.3 mln in IPO + 4 mln with ABB + 7 mln with CBW + 4.2 thanks to main shareholders loan that is going to be converted in equity. ✓ Energica has been chosen by Dorna as single manufacturer for the FIM Enel MotoE™ World Cup starting in 2019. ✓ Products ENERGICA EGO the first Italian high-performing electric sportbike. ENERGICA EVA the streetfighter model. ENERGICA EVA ESSEESSE9 the “old-school” electric motorcycle Energica Motor Company S.p.A. The CRP Group – since 1970 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. The Group is formed by three specialized companies: ✓ CRP Meccanica, focused on CNC machining parts; ✓ CRP Technology, specialized in 3d printing; ✓ CRP USA, same core as CRP Technology to serve the NA market. 3 CRP Group Energica Milestones Start of the Electric motorcycle project (within • Energica new headquarters CRP Group) • Energica EGO launch 2009 2010 2011 2013 2014 2015 2016 2017 2018 • Establishment of • Energica Ego Energica Motor Corsa eCRP – the electric First unveling + participation at Company Srl racebike wins European • Third model demo laps EICMA Electric Championship • Worldwide Demo Eva EsseEsse9 Tour (USA+ EU+ MC) • Record First Location • MotoE Half 2018 statement Sales Parma Modena • Stock Market ENERGICA Bologna Energica Motor Company S.p.A. Energica Milestones - 2018 • Eva EsseEsse9 launch on market • Energica Day • Energica Ego Corsa unveiling in Rome • Road to Mugello • First Ego Corsa demo lap in Qatar • My Electric Tour with Energica Dealers • New commercial agreements in USA and Europe • Brand advocates activities • GCC market approach • Nico Rosberg’s Ego delivery • Ego Corsa Technical Tests during MotoGP • Ernst & Young Mobility Think Tank – calendar Workshop • Record First Half 2018 Sales • Rental formula on Energica bikes • My Electric Deal Gen/Feb March April May June July Aug/Sept CES 2018 Pirelli Track Day in New Sales My Electric Sales: surprising EY Mobility Think Record First Misano agreement in Deal first quarter Tank (MTT) - KEY Half 2018 Sales Swiss Moto NOTE SPEAKER GCC New brand design US Demo Lap Ego, the best- First Demo Lap revealed during the Unveiling Energica Ego Nico Rosberg’s selling motorcycle New Patent in Energica Ego Ego Corsa demo lap Energica Ego Corsa with Colin Ego delivery China Corsa in Qatar in Assen Corsa in Edwards Ego World Record Rome New Sales - 1,260 Unveiling new EY Mobility New Record with First Quail Motorcycle agreement in kilometres in 24 Sport Think Tank Place Finish at 10th London Gathering event Berlin, North hours Production Motorcycle Carolina Annual REFUEL EV Dept. Track Event Show New Sales Road to Mugello agreement in Energica Day project Road to Valencia MotorBeurs Africa and project – drag Utrecht Texas races with Pirelli E-Mobility Play Days Energica Motor Company S.p.A. Shareholers Structure Current shares alloation CRP TESTONI TECNOLOGY GIAMPIERO VEZZANI 1% 1% ANDREA 1% MAISON SA 5% CRP MECCANICA MARKET MAISON SA CRP TECNOLOGY ✓ Energica values its investors as strategic MARKET TESTONI GIAMPIERO partners; 36% VEZZANI ANDREA ✓ CBW with Atlas Capital Markets for 5 million Eu subscribed in September 2018; CRP MECCANICA ✓ Investors who believed in Energica from the 56% IPO saw a +220% potential gain during the month of July 2018 when the company stock was «on rally»; ✓ That is not an uncommun dynamic for a highly technological and upcoming company such as Energica. Energica Motor Company S.p.A. Business Model ✓ Energica covers iternally all the main phases of the Value Chain, from purchase of the components and selection of the suppliers, to design and assemby, R&D and quality testing, distribution and marketing; ✓ The assembly of the components takes place in the production line of the main facility in Modena, in the heart of the italian Motor Valley, with a capacity of 5.000 bikes produced per year. ✓ The know how and the higly competent and passion driven approach, visible and tangible on its motorcycles, give Energica a significant competitive advantage. Energica performed more than 150.000 km of tests on the road plus thousands of km on racetrack. ✓ Marketing & Communication aim to increase brand awareness througout the organization of events to put the public in direct contact with the product (tes-rides, Energica Day) and the participation to the main international trade shows, which Energica has been attending ever since its birth. The Company is continuing investing on this field. Energica Motor Company S.p.A. Energica Sales Network ✓ 38 dealers in 3 continents (9 in the US) ✓ Energica Motor Company Inc., American subsidiary of the company. 1 commercial and service branch in Redwood, California, 1 logistic base + offices in North Carolina. ✓ Italian Presence: Headquarter + Service center in Modena, 1 service center in Verona. ✓ European presence: 26 dealers, 2 Sales Area Manager, 1 Operating base with showroom in Munich (Germany). ✓ Main target Countries (Current): USA, Northern Europe, Middle-East. Asian expansion: by the end of the year new stores are planned to open in Japan and Singapore. Energica Motor Company S.p.A. Sales Network Expansion ✓ Expansion will continue adding China, Australia and Russia by 2020, then Brasil and India by 2021, increasing the number of dealers from 53 units at the end of 2019 to 209 in 2023; ✓ The launch of a new product is expected in 2020 in order to support the expansion of the sales network; ✓ NA will be the most expanded market, with 50 Dealers by 2023; ✓ Marketing activities will follow and corroborate the expansion of the sales network. Energica will make its presence count in the main trade fairs hosted by the counties where its points of sale are already present (Swiss Moto, MCN London, Eicma in Europe + the IMS show circuit fairs in the US); New international shows will be added to the marketing plan in the Areas where the Company will close new dealerships: Japan, Singapore, China and Australia. Energica Motor Company S.p.A. ✓ TORQUE 200 Nm ✓ POWER 107 kW ✓ MAX SPEED Limited at 240 km/h ✓ Fast charge on board: 0-85% < 30 min Energica Motor Company S.p.A. Eva 107 ✓ TORQUE 200 Nm ✓ POWER 107 kW ✓ MAX SPEED Limited at 200 km/h ✓ Fast charge on board: 0-85% < 30 min Eva 80kW Eva 107 kW Energica Motor Company S.p.A. ✓ TORQUE 180 Nm ✓ POWER 80 kW ✓ MAX SPEED Limited at 200 km/h ✓ Fast charge on board: 0-85% < 30 min Energica Motor Company S.p.A. Core Technology ITALIAN DESIGN FAST CHARGE CONNECTIVITY EGO has an Italian-style, DASHBOARD The only moto with The vehicle can be equipped tubular, craftsman-like A 4,3" Color Display allows great integrated Fast Charge with “short-range” and “long trellis high strength steel flexibility, supporting the flow of range” connectivity services BATTERY PACK frame information and interactivity with the vehicle system PATENTED Lithium-polymer VEHICLE CONTROL UNIT battery with internal designed PATENTED cooling system. EGO’s battery, inverter, Dozens of sensors charger and ABS are and constantly monitored and electromechanical managed by the VCU, devices ensure completely designed and maximum vehicle developed by Energica performance and driver safety PARK ASSISTANT In order to SUSPENSION facilitate parking EGO is equipped and maneuvers with adjustable on slopes or into Bitubo (rear) rush traffic KEY FEATURES RIDE BY WIRE ENGINEERING TIRES ABS + eABS Top speed: 150 mph / 240 kmh The ride-by-wire system ensure the PATENTED EGO is equipped From 0 to 60 mph / 100 kmh: < 3" perfect driving experience with 4 BRAKES with road- Ego has the latest different engine mappings and 3 gripping Pirelli Torque: 200 Nm (0 to 4700 rpm) Front / rear braking generation ABS different mappings of regenerative Diablo Rosso II Fast charge: >30 minutes (85%) systems provided by BOSCH with rear- braking tires Zero emissions Brembo wheel lift-up mitigation system Core technology / IP Selected supplier Energica Motor Company S.p.A. Energica Patents ✓ VCU – Vehicle Control Unit. Energica’s battery, inverter, charger and ABS are constantly monitored and managed by one technological jewel: the VCU, completely designed and developed by Energica, it implements a multi-map adaptive energy, and a power management algorithm manages the electric motorcycle. Carefully monitoring and adjusting the motor’s power according to the throttle thrust 100 times per second while riding. 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. ✓ Supply Unit. This important technical component contains entirely the rechargeable batteries, sealing them in-house. Usually the batteries, contained in this component, warm up: the produced heat dissipates only minimally.