#1CHANG IZA EH | Nasdaq Listed EHang Holdings Limited Q1 2021 Earnings Highlights August 25, 2021 CHANGIZAR E ENHEEFACETT ELEERA CHEFORCE LHEHERBEE CHANG 216 T 1#2Disclaimer These materials have been prepared by EHang Holdings Limited (the "Company") solely for informational purposes, and have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in these materials. None of the Company, its subsidiaries, affiliates, controlling persons, directors, supervisors, officers, partners, employees, advisors, and representatives of any of the foregoing shall have any responsibility or liability whatsoever, as a result of negligence or otherwise, for any loss howsoever arising from any information or opinions presented or contained in or derived from these materials. The information and opinions presented or contained in these materials is subject to change without notice, and shall only be considered current as of the date of the presentation. This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. These statements can be recognized by the use of words such as "expect," "plan," "will," "estimate," "project," "intend," or words of similar meaning. These forward-looking statements are made only, and are based on estimates and information available to the Company, as of the date of this presentation, and are not guarantees of future performance. These statements are based on a number of assumptions which are subject to known and unknown risks, uncertainties and other factors that are beyond the Company's control, which could cause actual results to differ materially from historical results or those anticipated. These factors include, but are not limited to, the political, social, legal and economic environment in which the Company will operate in the future. The Company and its affiliates and representatives undertake no obligation to update or revise these forward-looking statements for events or circumstances that occur subsequent to the date of this presentation. Actual results could differ materially from those anticipated in forward-looking statements and future results could materially differ from our historical performance. This presentation is not and does not constitute or form part of, and is not made in connection with, any offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of any entity, and neither this presentation nor anything contained in it shall form the basis of, or be relied upon in connection with, any contract or investment decision. Certain data in this presentation was obtained from various external data sources, and the Company has not verified such data with independent sources. Accordingly, the Company makes no representations as to the accuracy or completeness of that data, and such data involves risks and uncertainties and is subject to change based on various factors. The figures in this document may have been subject to rounding. This presentation speaks as of August 25, 2021. The information presented or contained in this presentation is subject to change without notice. Neither the delivery of this presentation nor any further discussions of the Company, any of its affiliates, shareholders, directors, employees, agents or advisors with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. By attending this presentation and viewing and accessing these materials, you agree to keep these materials strictly confidential and be bound by the limitations set forth herein. These materials are being given solely for your use and may not be retained, copied, reproduced, redistributed or otherwise disclosed, directly or indirectly to any other person any manner, or published, in whole or in part, for any purpose. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. CHANG IZAR 2#3CHANG OPERATIONAL HIGHLIGHTS FOR Q1 2021 CHANG IZAR CHANG 12A EH | Nasdaq Listed 3#4Trial Flights to Initiate a UAM Plan in the Hengqin New Area in Southern China In January, EHang announced strategic partnerships with local partners to jointly initiate trial air mobility operations in the Hengqin New Area ("Hengqin"), the largest of the islands surrounding Zhuhai city in the Guangdong-Hong Kong-Macao Greater Bay Area of China. A total of 36 passengers experienced trial flights for aerial sightseeing in Hengqin on the announcement date. In February, the local partner further carried out the first trial flights of the EHang 216 over the sea of southern China from Hengqin to Dong'ao Island, a tourist destination island, showcasing its potential application in air mobility use cases such as aerial sightseeing. CHANG IZAR alace a PPPPPPPERE#5Trial Flights of Passenger-grade AAVS for the First Time in Beijing In February, EHang completed trial flights of the EHang 216 in Beijing in a cold weather at an air temperature of minus 14 degrees Celsius to demonstrate the safety, reliability and environmental adaptability of its cutting-edge AAV technologies. This was also the first time that passenger-grade AAVS flew in Beijing, the capital city of China. CHANG IZAR 1153 5#6Participation in a Series of UAM Projects Supported by the European Union In January and February, as a pioneer of cutting-edge AAV products and technological solutions, EHang was selected to participate in a series of UAM projects supported by the European Union to demonstrate ways to achieve safe, sustainable, socially acceptable, and effective UAM. These projects include: 1. 2. 3. 4. the Air Mobility Urban - Large Experimental Demonstration ("AMU-LED") project in Spain, the United Kingdom and the Netherlands; the Re-Invent Air Mobility initiative in France; the Safe and Flexible Integration of Advanced U-Space Services for Medical Air Mobility ("SAFIR-Med") project in Belgium, Germany, the Netherlands, Greece and Czech Republic; the GOF 2.0 Integrated Urban Airspace VLD. EUROPEAN UNION 2 EUROCONTROL SESAR JOINT UNDERTAKING CHANG IZAR AMU-LED-AIR MOBILITY URBAN - LARGE EXPERIMENTAL DEMONSTRATIONS PROJECT ID AMU-LED Website PROJECT DURATION 2021-01-01 2022-12-31 PROJECT ID CORUS-XUAM CORUS-XUAM-CONCEPT OF OPERATIONS FOR EUROPEAN U-SPACE SERVICES - EXTENSION FOR URBAN AIR MOBILITY COST PROJECT DURATION 2020-12-01 2022-11-30 Total EU Contr EUR 3.999.990,13 COST Total EU Contr EUR 3999389.00 37 STATUS Ongoing STATUS Ongoing SAFIR-MED-SAFE AND FLEXIBLE INTEGRATION OF ADVANCED U-SPACE SERVICES FOR MEDICAL AIR MOBILITY Project web site PROJECT ID SAFIR-Med PROJECT DURATION 2020-12-01 2022-11-30 PROJECT ID GOF2.0 GOF2.0 - INTEGRATED URBAN AIRSPACE VLD PROJECT DURATION 2021-01-01 2022-12-31 COST Total EU Contr EUR 2.038.609,01 Total EU Contr COST EUR 3.928.017,76 STATUS Ongoing STATUS Oneging#7Partnership with Giancarlo Zema Design Group to Build an Eco-sustainable Vertiport in Italy In March, EHang entered into a partnership with Giancarlo Zema Design Group ("GZDG”), a leading Italian architecture firm. GZDG has designed and intends to build an eco-sustainable vertiport in Italy using EHang's passenger-grade AAV technologies and air mobility solutions. The vertiport will use green design and construction materials and can generate energy to recharge the EHang 216 AAVs. A CHANG IZAR 7#8Partnership with Dongfeng USharing to Co-develop a Solution for Seamlessly-Connected Mobility Services Leveraging AAV Technologies In March, EHang entered into a partnership with Dongfeng USharing Technology Co., Ltd., a subsidiary of Dongfeng Motor Corporation (a Fortune Global 500 company and one of the largest auto makers in China) to co-develop a solution for Seamlessly Connected Mobility Services for logistics using EHang's AAV technologies. CHANG IZAR B KANS SHARING VAN 东风悦享 8#9CHANG IZAR EH | Nasdaq Listed CHANG FINANCIAL HIGHLIGHTS FOR Q1 2021 CHANGIZAR BEOGASCOOK 212 DATO KETTITY Bas 9#10Q1 2021 Financial Highlights ● ● Achieved Quarterly Positive Operating Cash Flow Again Maintained High Quarterly Gross Margin (RMB '000) Total revenues Gross profit Gross margin Adjusted gross profit 1) Adjusted gross margin ¹) Adjusted operating expenses Adjusted operating loss ¹) Adjusted net loss ¹) Notes: 1) 2) 1) CHANG IZAR Q1 2021 22,977 14,526 63.2% 14,526 63.2% (34,528) (17,335) (13,654) Q1 2020 18,818 11,154 59.3% 11,154 59.3% (31,108) (19,185) (18,470) The Company uses Non-GAAP Financial Measures in evaluating its operating results and for financial and operational decision-making purpose. Please refer to the press release for more details. Pp represents percentage points. YoY 22.1% 30.2% 3.9Pp 30.2% 3.9Pp 2) 11.0% -9.6% -26.1% 10#11Q1 2021 Financial Performance Total Revenues RMB '000 25,000 20,000 15,000 10,000 5,000 CHANG IZAR 18,818 Q1 2020 22.1% YoY Total Revenues 22,977 Q1 2021 Gross Profit RMB '000 15,000 10,000 5,000 0 11,154 59.3% Q1 2020 Gross Profit 14,526 63.2% Q1 2021 Gross Margin % 70.0% 65.0% 60.0% 55.0% 50.0% 11