2019 Interim Results
21 August 2019

Important Notice
The information contained herein is meant for presentation purposes only and may not be used and relied upon by any otherparty. 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 merits of the discussions mentioned in this presentation. Geely Automobile Holdings Limited does
not make any representations, warranty or guarantee as to the accuracy, completeness or correctness of the contents containedherein. The reproduction and/or dissemination of the contents herein is prohibited without our prior approval. Geely Automobile
Holdings Limited and its officers, directors and employees accept no liability whatsoever for any direct or consequential loss
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or otherwise arising in connection therewith.

This presentation may contain certain statements that are forward-looking, including those relating to the general business plans
and strategy of Geely Automobile Holdings Limited (the “Company”), as well as its subsidiaries and associates (collectively withthe Company, the “Group“). These statements typically contain words such as "will," "expects" and "anticipates" and other wordsof similar import. By their nature, forward-looking statements involve risks and uncertainty because they relate to events anddepend on circumstances that will occur in the future. Actual results may differ materially from these forward-looking statements
due to a number of factors, including future changes or developments in the Company's business, its competitive environment, itsability to implement its strategies and initiatives and respond to technological changes and political, economic, regulatory andsocial conditions in the markets where the Group operates. The Company assumes no responsibility to update forward-looking
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Note: Sources of all data contained in this presentation are from Geely Automobile Holdings Ltd. except specified otherwise.

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2019 First Half Results• Attributable profit -40% toRMB4.01bn• Wholesale volume -15% YoY
due to proactive destocking atdealers• Retail sales volume +5% YoY• Average selling price +3%• Lower margins due to pricepressure (GP at 17.8%; OP at9.2%)• Strong growth at Genius AFC
more than offset lower
contribution from Lynk&Co JV

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2019 Interim Highlights• Higher retail market share at
6.5% for passenger vehicles inChina(6.3% in 1H 2018)• Successful launch of pure
electric brand “Geometry” and its
first sedan model “Geometry A”• Profit contribution from jointventures (mainly Genius AFC &Lynk&Co) up 26%• NEEV sales volume up 301%
• Total R&D expenses up 82% tomaintain competitiveness4Profitability
25%

7%
6%

20%
5%
15%

4%
3%

10%

2%
5%
1%
0%
2010201120122013

2014

Gross margin

201520162017

Operating margin

201820190%20102011

2012

2013

2014

Selling expenses % T/O

2015

2016

2017

2018

2019

Administrative expenses % T/O

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Genius AFC• Provision of automobile financing for
3 key auto brands under Zhejiang
Geely Group• Additional capital injection of RMB2
billion by shareholders to support
growth• Loan assets increased fromRMB19.3bn by end of 2018 toRMB23.6bn by end of June 2019
• Negligibly low default rate
• Net profit of RMB232.7mn(2018 1H : RMB90.8mn)

6Lynk&Co• Sales volume +21% to 55,877
units in 1H 2019

• Launch of “NEEV” version for“02” and “03” and two brandnew models in next 12 months• Net profit down 22% YoY toRMB266.2mn• 243 “LYNK&CO Centres” and20 “LYNK&CO Spaces” in China

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New Energy and Electrified Vehicles
New NEEV models
NEEVs - Sales Volume (units)

2019

2019
2018
2017

Xingyue MHEV

Xingyue PHEV

Geometry A

Binyue MHEV

Binyue PHEV

Jiaji MHEV/PHEV

Borui GE MHEV

Borui GE PHEV

01 PHEV

Emgrand EV350

Emgrand EV450

GSe

Emgrand EV300(2017)

Emgrand PHEV(2017)

Emgrand EV(2016)

2016•Jan-Jul

020000

40000

60000

80000EV - Range Per Charge(km)
2019

2018

2018
2017
2016
0200400600

Price Range (RMB '000)
2019

2017
2016

2018
2017
2016
0100200300

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Sales Volume Breakdown(6M to June) Units

2019

2018

651,680
613,061
38,619766,630
757,931
8,699

-15%
-19%
344%

Sedans
SUVs
MPVs

255,700
379,728
16,252

316,945449,685--19%-16%-GeelyGeometry
Lynk&Co591,668
4,135
55,877

720,378
46,252

-18%
21%

NEEVs

57,60014,362

301%

Total-Domestic-Exports**YoY change* Including sales volume of Lynk&Co vehicles

9Sales Volume Breakdown (continue)
Sales by Locations

Sales by Segments
2.5%

5.9%

39.2%

58.3%
94.1%

DomesticExports

Key Models:Sedan: New Emgrand, Vision, Emgrand GL, Lynk&Co 03
SUV: Boyue, Binyue, Vision X3, Emgrand GS, Vision SUV, Lynk&Co 01,Lynk&Co 02, Vision S1
MPV:Jiaji

Sedan

SUV

MPV

**Source = China Association of Automobile Manufacturers (“CAAM”)

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2019 Interim Results
6M to June (RMB mn)
Sales Volume (units)
Revenue
Gross profit margin ratio*
Operating margin ratio**Profit after tax
Attributable profit
Diluted EPS (RMB cents)#

2019
651,680
47,559
17.8%
9.2%
4,047
4,009
43.86

2018 YoY change
766,630-15%
53,709
-11%
20.2%
14.4%
6,736
-40%
6,670
-40%
72.65
-40%

Shareholders’ equity
Net cash##Jun-1946,536
10,604

Dec-1844,944
12,3334%-14%* Gross profit margin ratio = gross profit / revenue
Operating margin ratio = (pre-tax margin before net finance income , share-based payments, and share of results of associates/joint ventures) / revenue# Diluted EPS = profit attributable to equity holders of the Company (diluted) / weighted average number of ordinary shares (diluted)## Net cash = all cash /bank deposits – all bank borrowings – bonds payables

11Financial Analysis
6M to June
Sales of vehicles (RMB mn)#

2019
44,9792018
YoY change
52,810-15%

Average unit price (RMB)#
Return on equity

75,49417.2%

73,308
34.2%

3%-EBITDA ratio*Selling expenses (% of T/O)
Admin. expenses (% of T/O)

13.1%
4.7%
5.2%

16.6%
4.2%
3.0%

-* EBITDA margin ratio = (Profit for the year plus taxes, depreciation and amortization, and finance costs) / revenue# Excluding sales volume of Lynk&Co vehicles

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Financial Summary• Healthy financial position
despite lower revenue andoperating profit• Strong net cash level at
RMB10.6bn• US$300mn club loan facility
extension after end of June2019

• Moody’s credit rating outlook
upgraded to “Baa3”/stable

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New Products“Geely” brand:• A MPV model targeted atbusiness and corporate users• A compact SUV model• A compact sedan model• “NEEV” versions for major
existing models“Geometry” brand:• A brand new model

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New Products“Lynk&Co” brand:• Two brand new models• “NEEV” versions for“02” and “03” models

15

2019 Outlook• Still uncertainties for passenger
vehicle demand in China in 2H
2019• Revised target sales volume
down 10% to 1.36mn units• New product offerings at highlevels• Significantly increase in NEEVmodels• Oversea sales continue torecover and boost growth further• YTD (first 7 months) total sales
volume -16% YOY to 743,055units

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