Company Overview November 2019 - "Providing healthier air for all while reducing dependency on fossil fuels." - Adomani
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“Providing healthier air for all while reducing dependency on fossil fuels.”
www.ADOMANIelectric.com
Company Overview
OTCQB: ADOM November 2019
This presentation has been prepared by ADOMANI, Inc. (the “Company”) and contains, in addition to historical information, certain forward-looking statements that are based the Company's current assumptions, expectations and projections about future performance and events. In particular, statements regarding future economic performance, finances, and expectations and objectives of management constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “anticipates,” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters. Although the forward-looking statements contained in this presentation are based upon information available at the time the statements are made and reflect the best judgment of the Company's management, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Any forward-looking statements made in this presentation speak only as of the date on which it is made. The Company is under no duty to update any of these forward- looking statements after the date of this presentation to conform these statements to actual results or revised expectations. For historical information relating to the Company, you should consider the information contained in the Company’s filings with the U.S. Securities and Exchange Commission, (“SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2018, and particularly in the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors,” as well as the Company's subsequent filings with the SEC. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results, performance or achievements. This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other data about the Company's industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions and estimates of the Company's future performance and the future performance of the markets in which the Company operates are necessarily subject to a high degree of uncertainty and risk. By attending or receiving this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the Company's market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business. OTCQB: ADOM 2
About ADOMANI® ADOMANI, Inc. is a provider of zero-emission electric vehicle drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI is also a provider of new zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance. For more information, visit: www.ADOMANIelectric.com OTCQB: ADOM 3
California EV Truck Standards
Advanced Clean Truck Rule Highlights1
• California sets nations first all-electric truck standards; The Advanced Clean
Truck rule.
• Requires half of all medium and heavy-duty trucks in California to be electric
by 2030.
• Requires truck manufacturers to sell zero-emission trucks by increasing the
percentages between 2024 and 2030.
• In 2024 zero-emission truck/chassis sales need to be 7% of class 4 to class 8
truck sales and 3% of all other trucks.
• By 2030, 50% of class 4 to 8 need to be electric trucks sales and 15% other
classes/trucks.
• There are approximately 2 million2 trucks in California
1. https://ww2.arb.ca.gov/resources/fact-sheets/advanced-clean-trucks-act-fact-sheet
2. https://www.fleetowner.com/trucking-numbers/trucking-numbers-2018-equipment-fleets-use/gallery?slide=1
OTCQB: ADOM 4
Target Industries and Market Segments
Service & Public & Private
Medium-Duty Trucks School Buses
Delivery Fleets Schools
Passenger,
State, City, and
Last-Mile Vans City Bus Counties
Logistic Fleets
Utility, Flatbed, School Buses
Shuttle Services Work Trucks Drivetrains (Blue Bird)
Urban Areas,
Neighborhood Existing
Corporate and Conversions
School Campuses Electric Vehicle (NEV) Fleets
OTCQB: ADOM 5
Segment Advantages – Medium Duty Trucks
Approximately 2.9 Approximately 1.5
million Class 3-5 trucks million Class 6-7 trucks
in US Market (A) in US Market (A)
Class 3 truck sales were Class 4-7 truck sales
approximately 301,000 were approximately
units in US Market in 237,000 units in US
2018 (B)(C) Market in 2018 (B)(C)
(A) http://cv.informa.com/wp-content/uploads/Fleet-Owner-Solutions-Guide-2017.pdf
(B) https://cta.ornl.gov/vtmarketreport/pdf/chapter_4_heavy_trucks.pdf
(C) https://www.statista.com/statistics/261416/class-3-8-truck-sales-in-the-united-states/
(D) https://www.trailer-bodybuilders.com/market-stats/december-bump-caps-2018-truck-sales-boom/gallery?slide=1
OTCQB: ADOM 6
Electric Fleet Value
Social and Environmental Health1 Economic Benefits
• Conversion of older fleets to zero-emission vehicles (“ZEVs”) or selecting new • Many benefits from local air district, state and federal financial incentives in the
electric vehicles significantly reduces the major air pollutants that are emitted form of rebates, tax credits or carbon credits make the purchase of ZEVs cost-
from traditional internal combustion engines which have lasting effects on our effective, if available, and range from $20,000-$100,000 per vehicle. The
bodies. amounts vary by vehicle and by state.
Harmful Emissions Cardiovascular Disease Respiratory Disease
• “Fueling” with electricity is less costly and the prices are more stable than
traditional liquid or gaseous fuels. The Company estimates that fleets may see up
to $10,000-$12,000 of reductions in fuel costs per vehicle annually based on
miles traveled and $3.78/gallon for cost of diesel.
• Also, by upgrading to an all-electric vehicle you’ll save on maintenance and
*children and the elderly are most vulnerable
operating costs. Estimated first year maintenance cost savings are expected to be
• ZEVs also helps providers stay compliant with current and potential future $2,000-$4,000 per vehicle and $4,000-$6,000 per vehicle annually thereafter.
environmental and emissions regulations that directly enhance the health and
well-being of drivers, passengers, and ultimately the communities where the
vehicles operate.
1. https://www.epa.gov/no2-pollution/basic-information-about-no2
2. https://oehha.ca.gov/air/health-effects-diesel-exhaust
OTCQB: ADOM 7
Current Product Lineup
Class 3-5 Trucks Cargo Van Neighborhood Electric E-Trike
Vehicle (NEV)
OTCQB: ADOM 8
Expected To Be Available in 2020
Class 4-6 Trucks Passenger Van
OTCQB: ADOM 9
Potential New Products
Short Rail Bed Van Cutaway Van Cutaway
Low Top Logistics Van High Top Logistics Van
OTCQB: ADOM 10Potential New Products
Rideshare Passenger Van Utility Van with Extra Passenger Seating
Animal Services Vehicle HVAC/Utility Van
OTCQB: ADOM 11Potential New Products
Type A School Bus Emergency Vehicle
Box/Food Service Van
OTCQB: ADOM 12Competitors (Trucks)
APPROX. RANGE PURPOSE BUILT
EV COMPANY MODEL(S) GVWR* HVIP LISTED
(MI) OR CONVERSION
16,141/14,000-
BYD 5F/6F 155(half load)/N/A YES P
26,000
Chev.
Lightning Systems 66-130 25,950 YES C
6500XD/Isuzu
Mitsubishi eCanter 62 15,995 NO P
Motiv Power
EPIC 4 (Ford E450) 75 14,500 YES C
Systems
Navistar eMV (Avail. 2021) Unknown Unknown NO P
Phoenix Zeus 500 100 14,500 YES C
SEA NRR EV 220 19,500 YES C
SEA 195 EV 220 14,000-26,000 YES C
SEA 6500 EV 220 14,000-26,000 YES C
Volkswagen E-Delivery 124 N/A NO P
*N/A = not available *GVWR is short for Gross Vehicle Weight Rating
OTCQB: ADOM 13Competitors (Vans)
APPROX. RANGE PURPOSE BUILT OR
EV COMPANY MODEL(S) GVWR* HVIP LISTED
(MI) CONVERSION
Arrival Generation 2 100 N/A NO P
Chanje V8100 150 16,535 YES P
Lightning Systems Ford Transit 60-120 10,360 YES C
Lightning Systems Ford F-59 80-110 22,000 YES C
MAN eTGE 100 12,125 NO P
Motiv Ford F-59 90 22,000 YES C
Motiv Ford E-450 100 14,500 YES C
Rivian "AmazonVan" N/A N/A NO P
Workhorse E-100 100 14,000-26,000 YES P
Workhorse NGEN 100 10,000 NO P
Wrightspeed Route 250 N/A 16,000 NO C
Zenith Motors Electric Cargo Van 80-135 10,500 YES C
*N/A = not available *GVWR is short for Gross Vehicle Weight Rating
OTCQB: ADOM 14ADOMANI TRUCKS AND VANS
PURPOSE BUILT OR
MODEL(S) APPROX. RANGE (MI) GVWR* HVIP LISTED
CONVERSION
Cab and Chassis 130+ Miles 11,464 or 14,110 lbs YES P
Cutaway 130+ Miles 11,464 or 14,110 lbs YES P
Logistic Van High Top 130+ Miles 11,464 or 14,110 lbs YES P
Logistic Van Low Top 130+ Miles 11,464 or 14,110 lbs YES P
• We have vehicles in inventory.
• We have vehicles ordered that we expect will be delivered shortly.
• We expect we will deliver vehicles to customers in 2019.
*GVWR is short for Gross Vehicle Weight Rating
OTCQB: ADOM 15State of California HVIP Truck Funding and Savings
Class GVWR* Non-Disadvantaged Community Disadvantaged
Community
Class 3 10,001-14,000 $50,000 $55,000
Class 4 14,001-19,500 $80,000 $90,000
Class 5 19,501-26,000 $90,000 $100,000
Class 6 26,001-33,000 $95,000 $110,000
Diesel vs. Electric Cost Savings Class 4 Electric Truck Purchase Cost vs. Diesel/Gas
Maintenance Energy/Fuel/20,000 Electric Diesel/Gas
miles per year
Class 4 Price $130,000 $65,000
Diesel $5,000 $14,440
HVIP Funding ($80,000) $0
Electric $1,000 $1,670
Net $50,000 $65,000
Savings $4,000 $12,770
Total Savings $16,770
*GVWR is short for Gross Vehicle Weight Rating
OTCQB: ADOM 16HVIP Truck Total Cost of Ownership
With HVIP Without HVIP
Savings Savings
Vehicle Cost $15,000 Vehicle Cost ($65,000)
Maintenance $48,000 Maintenance $48,000
Energy $153,240 Energy $153,240
Total Savings $216,240* Total Savings $136,240*
*Class 4 truck life expectancy estimated at 12-years.
OTCQB: ADOM 17PUC and ADOMANI ® Relationships
22 STATES
Avista Utilities
Ameren* Consumer Energy
Exelon*
35 PUCs*
Excel Energy DTE Energy
Puget Sound Energy Ameren ComEd
AES* VT Energy
Investment Corp.
Portland General Electric
AEP ConEd*
PSE&G
PG&E* First Energy
SDG&E*
SCE* Exelon
Duke Energy*
Nevada Energy
Duke Energy*
*Potential Funding Areas Santee Cooper
Georgia Power*
• Infrastructure Arizona Public Service
Tucson Electric Power
• Battery Leasing
• Subsidized Purchase Price Excel Energy Alabama Duke Energy*
El Paso Electric Power FP&L*
• S.C (20) buses & N.C. (100 buses), Tampa
Public Utilities with Dedicated Electric Gulf Power
OTCQB: ADOM 18Third Quarter 2019 Review
• Backlog of $4.1 million at September 30, 2019, which is expected to be delivered in 2019.
• Received initial order for ten all-electric trucks in September. This order is included in the
September 30, 2019 backlog number.
• Sales were approximately $5.7 million and $10.6 million for the three and nine months ended
September 30, 2019, respectively, compared to $2.6 million and $3.8 million for the three and
nine months ended September 30, 2018, respectively.
• Key members of the ADOMANI management team visited China in July and September as a
follow-up to the February and June visits to China. These meetings were intended to
strengthen the supply chain for all-electric vehicles and to meet with several Chinese
manufacturers in order to explore prospective alliances, as well as develop relationships with
progressive electric vehicle suppliers. The Company expects that these and future meetings
will result in ADOMANI having access to new, desirable vehicles for the marketplace.
OTCQB: ADOM 19Third Quarter 2019 Review (continued) • The Company continued to showcase its all-electric commercial trucks and vans in California ride- and-drive events, including the annual California Higher Education Sustainability Conference in July, and met with and demonstrated the vehicles to multiple school districts, cities, utility districts and other municipal agencies throughout California, as well as to the University of California-Davis. The Company also introduced a number of private fleet operators in the delivery and trucking industry to the vehicles. • Showcased the all-electric trucks, NEVs and vans in the states of Washington, Oregon, Arizona, Nevada, Florida and Minnesota, conducting demonstrations in multiple cities, counties, school districts and utility districts, including, among others, the cities of Seattle, Spokane and Tacoma in WA; Salem, OR; and Phoenix and Tempe, AZ. The vehicles were also presented to Washington State University and to Arizona State University; and were displayed at the July Student Transportation News Magazine (STN) conference in Reno NV; at the Arizona Utility Salt River Project; at the Valley of the Sun Clean Cities Coalition event in AZ; at the Florida Utility EV Roundtable in Orlando, FL; and at the Twin Cities Clean Air Kick the Tires event in Minneapolis, MN. • In July, the Bay Area AQMD released its Carl Moyer program of $50 million, which will pay 60% of the cost of zero-emission all-electric vehicles for Class 4 through Class 8. • Gerweiss is in the final stages of completion, and the first 10 e-trikes are scheduled for delivery to customers in Q4. The next 50 e-trikes are expected to be delivered in early 2020. • Presented at investor-oriented meetings arranged by Renmark Financial Communications, Inc. in Boston, Philadelphia and New York City. OTCQB: ADOM 20
Revenue & Backlog as of September 30, 2019 OTCQB: ADOM 21
Historic Net Loss - Consolidated
Year ended December 31,
OTCQB: ADOM 22Historic Balance Sheet - Consolidated
December 31,
OTCQB: ADOM 23Historic Operating Cash Flows
Year ended December 31,
OTCQB: ADOM 24Share Structure & Related OTCQB: ADOM 25
Analyst Summary (A): Assumes no additional deliveries. OTCQB: ADOM 26
Leadership Team
• Former CEO, President of A-Z Bus Sales, INC., growing A-Z’s sales from $46M to 120M
CEO, President and Board 40+ years
Jim Reynolds Chairman experience • Former Regional Manager of Tyco Corporation
• BA Pepperdine University
• Former partner of CFO Edge, providing interim & project-related CFO services to clients
CFO, Secretary, Treasurer 40+ years • Former EVP, President, and COO of Mapleton Investments
Mike Menerey and Board Member experience
• Former EVP, CFO and Secretary of Falcon Communications
• BA University of Michigan with distinction; CPA through November 2017
• Former General Manager of Operations for A-Z Bus Sales, Inc.
30+ years
Rick Eckert Chief Operating Officer
experience • Former Co-Chair Blue Bird Dealer Service Council for Blue Bird Dealers Nationwide
• Mount San Antonio College, Walnut, CA
Vice President, Business • Served as Vice President and COO of Greentech Mining, Inc.
30+ years
Kevin Kanning Development and Investor
experience • Previous roles with Voelker Sensors, Inc., Klever Technologies, Inc.
Relations
• BS Haas School of Business, University of California Berkeley
OTCQB: ADOM 27Board of Directors
• Principal for VCA Code, a staffing agency
• Former CEO, A Hire Connection, Inc., professional services firm providing strategic management consulting and
Janet Boydell Board Member 10+ years retained executive search service for C-level functions, 2006 to 2015.
• Previously Assistant Controller in the field of investment banking
• BBA Cal Poly Pomona
• Currently COO, CFO and Director of Allen Tel Products, Inc., supplier and manufacturer of data and telecommunication
components
Gary W. Nettles Board Member 25+ years • CPA and President of Guchereau & Nettles, accounting firm, 1987 to 2003
• Former Board Member, Cost-U-Less, Inc.
• BS United States International University, San Diego, CA, Magna Cum Laude
• Founder and Managing Partner of JFP Holdings, Ltd., a Beijing-based merchant banking firm formed in 2009 to assist
Western companies to penetrate the China market and help Chinese companies expand abroad.
• Former CEO for Green4U Technologies, Inc., a Georgia-based company founded to meet the growing demand for
Jack Perkowski Board Member 20+ years electric vehicles
• Former CEO & Chairman of ASIMCO Technologies - China’s first independent international automotive components
manufacturer headquartered in Beijing.
• MBA Harvard Business School; BA Yale University
OTCQB: ADOM 28Why Invest in ADOMANI (ADOM)?
• One of a few companies in the US that has actually delivered zero-emission, all-electric products to customers, and has inventory on hand
and, being produced for future sales orders, versus many who are at the prototype stage.
• Zero-emission all electric vehicles will be a significant percentage of vehicles in use in California and many other states due to federal and
state mandates, legislation and significant funding programs that encourage early adoption. The Company’s team is very familiar with the
funding agencies and processes.
• Primary target market moving forward is medium duty trucks, cargo vans and related vehicles. There were approximately 538,000 Class 3
to Class7 vehicles sold in the US and Canada in 2018; a small percentage is all that’s needed to succeed. Vehicles being built and offered
for sale are purpose-built from the ground up and are NOT conversions.
• Strong team led by Jim Reynolds; very experienced in the transportation industries, with significant sales and marketing expertise
generally, and specifically in selling alternative fuel commercial vehicles. The Company’s team also includes third parties Roger Howsmon
and Zeem Solutions.
• Attractive entry point at current stock price. Two analysts following ADOM have price targets of $0.75 and $3.00 per share.
OTCQB: ADOM 29Contact Information
Investor Relations Contacts:
ADOMANI, Inc.
Kevin Kanning, VP Investor Relations
Telephone: (650) 533-7629
Email: kevin.k@ADOMANIelectric.com
Michael K. Menerey, Chief Financial Officer
Telephone: (951) 407-9860 ext. 205
Email: mike.m@ADOMANIelectric.com
website: www.ADOMANIelectric.com
Renmark Financial Communications, Inc. OTCQB: ADOM
Joshua Lavers: jlavers@renmarkfinancial.com
Telephone: (416) 644-2020, ext. 3409 or (514) 939-3989
OTCQB: ADOM 30A Domani
Until Tomorrow!
“Never put off until tomorrow what you can do today.”
- Benjamin Franklin
OTCQB: ADOM 31You can also read
