#1CHANG (ZAR EH | Nasdaq Listed EHang Holdings Limited Q2 2022 Earnings Highlights August 18, 2022 www.ehang.com [OPhoto taken in Jishou, Hunan, China#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 18, 2022. 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. 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CHANG ZAR 2#3CHANG IZAR EH Nasdaq Listed OPERATIONAL HIGHLIGHTS FOR Q2 2022 & RECENT UPDATES Photo taken in Dali, Yunnan, China 3#4EH216-S Type Certification Process with Civil Aviation Administration of China Concept Design CHANGIZAR Special Conditions Project Specific Certification Plan Completed Certification Basis Certification Plan with Means of Compliance Demonstration of Compliance Ongoing Verification of Compliance Issuance of Type Certificate#5UAM Platform Operator with "Sales & Operation" Integrated Business Model li CHANG IZAÑ 8 units of EH216 delivered in Q2 2022 1,200+ units of passenger-grade AAVS in unfulfilled pre-order book 1,200+ Unfulfilled pre-orders from customers including but not limited to: Unfulfilled Pre-Orders Image Aviation AEROTREE AirX MASC AKURASHIKI MIZUSHIMA SPACE INDUSTRY CLUSTER STUDY GROUP United Therapeutics CORPORATION ■VT-30 EH216 Series As of June 30, 2022 5,700+ operational trial flights i 11 operation spots e.g. Guangzhou, Hezhou, Shenzhen, Zhaoqing, Sanya, Jishou, Dali, etc. C As of August 18, 2022 1) The EH216 series include EH216-S, EH216-L and EH216-F. 2) Pre-orders do not obligate the customers to purchase EHang's AAVS unless certain conditions are satisfied. Fulfilment is expected to take several years and is conditional upon, among other things, achievement of performance milestones and receipt of regulatory approvals. LO 5#6CHANGIZAR Increasing Deliveries in China and Orders/Pre-Orders in Asian Countries CHANG 12 u CHINA 亿航智能与天行健购销合同 签约仪式 天行健 Lianaingjian Initial purchase order for 5 units of EH216 AAVS from Tianxingjian, with deliveries for all 5 units completed in Q2 ✓ Tianxingjian plans to purchase an additional 25 units of EH216 as the project progresses PRESTIGE AVIATION & EHANG STRATEGIC PART AND EH216 - PRE ORDER CONTRACT - SIGNING CE GPN INDONESIA AL IMS prestige Image Aviation Pre-order for 100 units of EH216 AAVs from the Prestige Aviation, an Indonesian aviation company and a subsidiary of Prestige Corp ✓ Debut demo flights in Bali and Jakarta 正大集团&亿航智能 战略合作签约仪式 THAILAND CP Group & EHang Strategic Partnership Signing Ceremony 中国·广州 Guangzhou China 2022.5.25 C.P.GROUP Strategic Partnership with C.P. Group to Introduce AAVs to Thailand ✓ Intent to establish a joint venture in Thailand for AAV sales and UAM operations CO 6#7CHANG IZAN EH Nasdaq Listed FINANCIAL HIGHLIGHTS FOR Q2 2022 Photo taken in Jishou, Hunan, China CHANG 2 7#8Q2 2022 Financial Highlights ✓ Total Revenues Up 152.5% QOQ ✓ High Quarterly Gross Margin of 67.1% (RMB '000) Total revenues Gross profit Gross margin Adjusted gross profit¹) Adjusted gross margin¹) Adjusted operating expenses¹ Adjusted operating loss ¹) Adjusted net loss (RMB '000) Cash, cash equivalents, restricted cash and short-term investments Q2 2022 (Unaudited) 14,618 9,813 67.1% 9,813 67.1% 2) (63,428) (51,191) (50,760) Q1 2022 (Unaudited) 5,790 3.616 62.5% 3,616 62.5% (46,064) (41,670) (40,869) Notes: The Company uses Non-GAAP Financial Measures in evaluating its operating results and for financial and operational decision-making purposes. Please refer to the press release for more details. Pp represents percentage points. CHANGIZAR QoQ 152.5% 171.4% 4.6Pp²) 171.4% 4.6Pp 37.7% 22.8% 24.2% As of June 30, 2022 (Unaudited) 240,683 8#9CHANGIZAR Strategic Partnership with Agricultural Bank of China Guangzhou Branch Indicative Credit Facilities of RMB1 Billion for Long-Term Cooperation CHANG IZAR (中国农业银行 ATURAL BANK OF 广州分行 金融赋能科技创新 战略合作签约仪式 MA MAKON >>> ✓ Further diversifying funding channels. ✓ Facilitating financial flexibility and liquidity ✓ Supporting the continuous execution of our strategic plans ✓ Supporting business growth, including R&D, manufacturing, and sales and operations. ✓ Driving growth momentum in the long run 9#10Condensed Consolidated Balance Sheets (RMB '000) Current assets: Cash and cash equivalents Restricted cash Short-term investments Accounts receivable, net Inventories, net Prepayments and other current assets Others, net Total current assets Non-current assets: Property and equipment, net Operating lease right-of-use assets, net Long term loans receivable Long-term investments Others, net Total non-current assets Total assets Current liabilities: Short-term bank loans Accounts payable Contract liabilities Current portion of long-term bank loans Accrued expenses and other liabilities Current portion of lease liabilities Others, net Total current liabilities Non-current liabilities: Long-term bank loans Mandatorily redeemable non-controlling interests Lease liabilities Others, net Total non-current liabilities Total liabilities Total shareholders' equity Total liabilities and shareholders' equity CHANGIZAR As of December 31, 2021 (Audited) 246,863 160 65,108 56,189 78,075 29,395 1,360 477,150 33,821 15,208 6,143 3,112 58,284 535,434 10,000 45,560 14,831 3,000 61,851 1,205 136,447 17,000 40,000 7,941 64,941 201,388 334,046 535,434 As of June 30, 2022 (Unaudited) 207,126 33,557 54,802 79,229 34,131 408,845 32,424 17,869 1,840 7,936 2,608 62,677 471,522 19,794 40,223 15,605 13,885 71,270 11,122 1,217 173,116 4,615 40,000 8,294 9,020 61,929 235,045 236,477 471,522 10#11Unaudited Condensed Consolidated Statements of Comprehensive Loss (RMB '000) Total revenues Costs of revenues Gross profit Operating expenses: Sales and marketing expenses General and administrative expenses Research and development expenses Total operating expenses Other operating income Operating loss Other income (expense): Interest and investment income Interest expenses Foreign exchange gain (loss) Other non-operating income (expenses), net Total other income (expense) Loss before income tax and income from equity method investment Income tax benefits (expenses) Loss before income from equity method investment Income from equity method investment Net loss Net loss attributable to non-controlling interests Net loss attributable to ordinary shareholders CHANG 12ZAR 2021 Q2 12,164 (3,897) 8,267 (10,762) (42,809) (31,769) (85,340) 2,163 (74,910) 561 (474) 38 192 317 (74,593) (74,593) (74,593) 197 (74,396) 2022 Q1 5,790 (2,174) 3,616 (12,697) (23,510) (32,001) (68,208) 778 (63,814) 1,370 (475) (423) (5,489) (5,017) (68,831) 2 (68,829) 13 (68,816) 155 (68,661) 2022 Q2 14,618 (4,805) 9,813 (12,243) (39,563) (34,727) (86,533) 2,424 (74,296) 1,139 (440) (1,018) 721 402 (73,894) (1) (73,895) 30 (73,865) 312 (73,553) 11#12Investment Highlights CHANG (ZA₁ 1. The World's First Publicly Traded Urban Air Mobility Company 2. Massive, Fast-Growing Target Market Ready for True Disruption 3. 4. Global Market Leader and First Mover of Commercialization Ahead of Competition World's Leading Scalable Urban Air Mobility Platform with Integrated Product Suite 5. Continuous, Industry-Disruptive Regulatory Breakthroughs 6. Compelling Business Model with High Growth and Margin Ecosystem Enabler with Global Partnership Network 12#13THANK YOU www.ehang.com Investor Contact: [email protected] www B62 T G Par SHINE 13