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8-K - CBAK Energy Technology, Inc. | v173625_8k.htm |
China BAK Battery, Inc.
(Nasdaq: CBAK)
Feb 2010
Corporate Presentation
Safe Harbor Statement
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This presentation includes or incorporates by reference statements that constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the
Securities Exchange Act of 1934, as amended. These statements relate to future events or to our future
financial performance, and involve known and unknown risks, uncertainties and other factors that may cause
our actual results,
levels of activity, performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied by these forward-looking
statements. These statements include, but are
not limited to, information or assumptions about revenues,
gross profit, expenses, income, capital and other expenditures, financing plans, capital structure, cash flow,
liquidity, managements plans, goals and objectives for future operations
and growth. In some cases, you can
identify forward-looking statements by the use of words such as may, could, expect, intend, plan,
seek, anticipate, believe,
estimate, predict, potential, continue, or the negative of these terms or
other comparable terminology. You should not place undue reliance on forward-looking statements since they
involve known
and unknown risks, uncertainties and other factors which are, in some cases, beyond our
control and which could materially affect actual results, levels of activity, performance or achievements
.
- 2 -
An upstart in providing power cells for electric
cars and bikes
Established leader in manufacturing Li-ion
mobile and notebook batteries
Strong performance amid economic recession
Shipment started to a Tier 1 OEM notebook
customer
Investment Considerations
- 3 -
BAK Tianjin started in 2006
350k Sq. meters of industrial campus and
200k Sq. meters of facility area
BAK Shenzhen started in 2001
Listed on NASDAQ (CBAK) in 2006
6,300 employees
490k Sq. meters of industrial campus
R&D Center in Vancouver, Canada and
Sales Office in Austin, Texas
BAK Tianjin
BAK Shenzhen
Basics
Leadership Team
Xiangqian Li, Chairman and CEO
Visionary leader in China Li-ion battery industry
Led CBAK since founding; full-time, operating CEO
Tony Shen, CFO, 3 years with CBAK
Former CFO at eLong Inc (Nasdaq: LONG), led
eLong to its first quarter of operating profit
Directed comprehensive cost/expense reduction
efforts
Ken Broom, COO, 3 years with CBAK
20+ years of management, engineering and sales
experience in the Li-ion battery industry
Successful tenure as GM at NEC Moli Energy and E-
One Moli Energy
- 5 -
Dr. Ulrich von
Sacken
Joined BAK in
Feb 2007
Prior to that Vice
CTO at Moli
Energy
20years battery
experience
Dr.HuanYu Mao
Joined BAK in
Sep 2004
Successful tenure
as CTO at Lishen;
previous to that
researcher at NEC
Moli Energy
17years battery
experience
Dr. Brian Way
Joined BAK in
Oct 2007
Prior to that
R&D Director at
Moli in Canada
16years
battery
experience
Dr. ZhongYi Deng
Joined BAK in
Dec 2006
Prior to that
Technical Director
at Ferro in
America
15 years battery
experience
R&D Team
Polymer Cells
PDAs
Digital cameras
Bluetooth headsets
MP3/ Portable
entertainment
Prismatic
Aluminum-Case Cells
Cell phones
Cylindrical Cells
Notebook Computers
Power Cells
Hybrid-electric
vehicles
Light-electric
vehicles
Uninterruptible
Power Supply
Li-ion
Rechargeable
Batteries
Key Applications
- 7 -
New Products at BAK Tianjin
LiFePO4 Power Battery
selected as a key project of
"863 Program", by Ministry of
Science and Technology
$1M contract won at First
Automotive
- 8 -
BAK supplied to
Black & Deckers
Dewalt 36V Power
tool in 2005-2007
BAK started to
supply batteries for
LED, HEV, PHEV &
EV in 2009
LiFePO4 Cells-Then and Now
Traditional Customers
Cylindrical (Notebook and Netbook)
Started shipping to a leading notebook manufacturer in June 09
Another tier 1 notebook manufacturer shipments will start by
Spring 2010
Asus (Taiwanese notebook/net-book maker) volume shipment
Prismatic Aluminum-Case (Cell phone)
US$20M project won recently at Huawei
Foxconn, Lenovo, ZTE, Haier and Hisense
Polymer
SanDisk
- 11 -
China BAK Revenues (FY 2005-2010)
(US$M)
Quarterly Revenues and Gross Profit
(US$M)
Gross Margin
$20M RD Offering (Oct 09)
Strengthened Capital Structure
All $20M has been used for debt reduction
Favorable Distribution
European and US investors participated and reached
Both Clean Tech/New Energy and China-focused
funds targeted
- 15 -
Thank You