Electrifying Vehicles
UQM Technologies
This presentation contains statements that constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act and
Section 21E of the Securities Exchange Act. These statements appear in a
number of places in this presentation and include statements regarding our
plans, beliefs or current expectations; including those plans, beliefs and
expectations of our officers and directors with respect to, among other
things, orders to be received under our supply agreement with CODA
Automotive, our ability to successfully expand our manufacturing facilities
and the continued growth of the electric-powered vehicle industry. Important
Risk Factors that could cause actual results to differ from those contained in
the forward-looking statements are contained in our Form 10-Q filed August
1, 2011, which is available through our website at www.uqm.com or at
www.sec.gov .
Electrifying Vehicles
Company Overview
Location: Longmont, CO (20 miles north of Denver)
FY 2011 Sales: $9.0 million
Employees: 97
Exchange: New York Stock Exchange (NYSE AMEX:UQM)
Electrifying Vehicles
Company Overview
� UQM has more than 35 years experience in the electrification
business. As a result it is deep in technical talent with a highly
evolved product lineup
� We are involved in all aspects of electrification for Cars, Trucks,
Buses, and Military
� We are recognized internationally for high performance, energy
efficient electric motors, generators and controllers
� Electrification of vehicles, on a global basis, is real and growing
and UQM is poised to participate in that growth
Electrifying Vehicles
Recent Accomplishments
�Transformation to high quality volume manufacturer complete.
�Upgraded team with key manufacturing and engineering executives
�New 130,000 sq ft headquarters and production building
� Installed validated motor and controller production lines with annual capacity of 40,000 systems/year
�Meet Automotive Product Quality Planning (APQP) standards
Electrifying Vehicles
Recent Accomplishments
�Have third party validation of our product, and our company through highly respected customer announcements:
�Saab, Audi and Rolls Royce EV test programs
�Production contracts with CODA Automotive, Proterra and EVI
�Aggressive new product development programs identified to ensure we stay on the leading edge
�New China opportunities being examined
We now have the product, the facilities and the
management talent and depth needed to grow
Electrifying Vehicles
Market Forces Driving Vehicle Electrification
� Green Economy
� High cost of fuel (globally)
� Worldwide CO2 and FE Standards
� Government Incentives/ Support
� Competition
Electrifying Vehicles
Electric Propulsion Categories
UQM serves all categories of vehicle electrification Fuel
Cell
Full
Electric
Series Hybrid
Parallel Hybrid
Plug In Hybrid
Electrifying Vehicles
UQM Product Advantages
� Power density– smaller and lighter weight
– permanent magnet motors
� Efficiency
– consume less energy
� Performance– adaptive software control
– greater RPM range
Propulsion System Motor
and Controller
Electrifying Vehicles
Major Customers
�CODA Automotive
– Well capitalized startup company based in California
– PowerPhase Pro® 100kW (134hp) System
– Market launch in fourth quarter CY 2011.
– Announced LOI with Great Wall for future collaboration
Electrifying Vehicles
Major Customers
�Proterra Bus
- All-composite construction, all-electric bus
- 68 passenger capacity
- PowerPhase HD Select® 150 kW (201 hp) systems
- Recently received $30M capital infusion
Electrifying Vehicles
�ReGen Nautic
- Working with several marine OEM’s to develop marine hybrid electric propulsion systems
- Application in yachts, trawlers and larger sailboats
Major Customers
Electrifying Vehicles
Major Customers
�Audi A1 e-tron
- All-Electric Vehicle
- PowerPhase Select® 125kW (167hp) systems
- Significant Test Fleet program
Electrifying Vehicles
Major Customers
�Saab 9-3 ePower
– All-Electric vehicle
– PowerPhase Pro® 135kW (181hp) systems for test fleet
– First deliveries completed
Electrifying Vehicles
Major Customers
�Rolls Royce 102EX
� Test bed to gather data to base future decisions on
alternative drivetrains.
� The 102EX uses two 145kW PowerPhase Select® electric
propulsion systems to deliver the performance required by
Rolls-Royce. Equivalent performance to twin turbo V-12
Electrifying Vehicles
�Eaton
– DC-to-DC converters
– Used in Freightliner, PACCAR and International Truck & Engine HEV programs
Major Customers
Electrifying Vehicles
Military
� Joint Light Tactical Vehicle (JLTV)
- Potential HMMWV replacement
- Supplier to one of the three remaining teams
- EMD RFQ expected Q1CY12
� Funded R&D for key technologies
Electrifying Vehicles
Other Vehicle Programs
� Other programs are in various stages, including vehicles
under test, but cannot be announced due to non-disclosure
agreements
� Programs include hybrids and all electric vehicles
� Active programs for cars, trucks and buses
Electrifying Vehicles
New Products
� Significant investments in new products underway to
ensure we stay competitive
- DOE funding 50% of productionization expense
� Developing new PowerPhase HD® 220 commercial vehicle
motor and controller
- Significantly better performance
- Customer input and preferences solicited
- Significantly reduced production costs
- Very high global interest
Electrifying Vehicles
New Products
� New PowerPhase Pro® controller in early design stages
- Significantly reduced package space
- Reduced weight and cost
� Next generation PowerPhase Pro® motor and controller
- Higher efficiency across a larger operating range
- Improved package size for both motor and controller
- Lower production cost
Electrifying Vehicles
New Regions
� UQM is reviewing options for access to China
- Government investing $15B in latest 5 year plan.
� Determining market potential for UQM
- Truck and Bus markets
- Passenger Car market
� Ensuring IP protected
� Reviewing structural options
- JV or partnerships
- Direct sale, Licensing, etc
Electrifying Vehicles
22
$45 Million Stimulus Grant
► 50% DOE cost share on manufacturing infrastructure and certain engineering costs
► Three year program to establish high volume manufacturing capacity (with potential 2 year extension
► Billings thru 6/30/2011 of $13.5M
Electric Drive Component Manufacturing Facilities
ApplicantDOE Award
($ millions)Project Locations Technology
General Motors
Corp.$105
White Marsh, MD
Wixom, MI
Construction of U.S. manufacturing to produce
electric drive system.
Delphi Automotive
Systems, LLC$89.3 Kokomo, IN
Expansion of manufacturing for electric drive
power electronics components.
Allison
Transmission, Inc.$62.8 Indianapolis, IN
Increasing U.S. capacity to manufacture hybrid
systems.
Ford Motor Company $62.7 Sterling Heights, MIProducing electric drive transaxle with
integrated power electronics.
Remy, Inc. $60.2locations in Indiana and
Fargo, ND
Establishing a standardized platform of hybrid-
electric motors and controls.
UQM
Technologies$45.1 Longmont, CO
Expanding propulsion systems into a
volume manufacturing environment.
Magna E-Car
Systems of America,
Inc.
$40Muncie, IN
Holly, MI
Increasing production capacity of advanced
automotive electric drive system components.
Electrifying Vehicles
UQM Technologies, Inc.Consolidated Condensed Statement of Operations(in millions of dollars, except per share data)
Quarter Ended September 30, 2011 2010 Revenue: Contract services $ 0.1 - Product Sales 2.2 2.0 2.3 2.0 Operating costs and expenses: Cost of sales 1.3 1.8 Research and development - 0.2 Production engineering 1.6 0.8 Reimbursement under DOE grant (1.1) (2.6) Selling, general and administrative 2.1 2.2 Other, net - - 3.9 2.4 Net loss $ (1.6) (0.4) Net loss per common share $ (.04) (.01)
Electrifying Vehicles
UQM Technologies, Inc.Consolidated Condensed Statement of Operations(in millions of dollars, except per share data)
Six Months Ended September 30, 2011 2010 Revenue: Contract services $ 0.2 0.4 Product Sales 3.5 4.2 3.7 4.6 Operating costs and expenses: Cost of sales 2.0 3.4 Research and development - 0.3 Production engineering 3.2 1.7 Reimbursement under DOE grant (2.2) (2.6) Selling, general and administrative 3.3 3.0 Other, net - (0.3) 6.3 5.5 Net loss $ (2.6) (0.9) Net loss per common share $ (.07) (.02)
Electrifying Vehicles
Cash and Short-Term Investments
(in millions)
Total Assets(in millions)
5.8
30.1
24.2
19.0
0.0
5.0
10.0
15.0
20.0
25.0
30.0
3/31/09 3/31/10 3/31/11 9/30/11
12.4
42.7 41.838.9
0.0
4.0
8.0
12.0
16.0
20.0
24.0
28.0
32.0
36.0
40.0
44.0
3/31/09 3/31/10 3/31/11 9/30/11
Shareholders Equity(in millions)
9.6
39.0 38.2 36.2
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
3/31/09 3/31/10 3/31/11 9/30/11
Electrifying Vehicles
Funding by Category(in millions)
INFRASTRUCTURE
ENGINEERING
0.0
5.0
10.0
$14.8
Reimbursements
$30.3
Funds Remaining
DOE GrantAs of September 30, 2011
(in millions)
� DOE GRANT
$8.6
$6.2