SunCar Technology Group (SDA) Investor Presentation summary

Market position and growth

• One of China's largest digital B2B auto insurance and services platforms, with over 6M insurance contracts and 22.5M auto service transactions in 2024.

• Established ecosystem includes 20 auto manufacturer partners, 1,480 enterprise customers, 48,000 service providers, and 85 insurance companies.

• 95%+ customer retention rate and a sales partner network of 64,000+.

• China’s auto market is the world’s largest, with 352M registered cars and rapid EV adoption.

• Auto insurance market GMV exceeds $130B, with SunCar holding a 1-2% market share.

Technology and competitive advantages

• AI-powered data platform integrates with DeepSeek, optimizing insurance and service delivery.

• Advanced AI features include intelligent dispatch, smart customer service, predictive maintenance, and fraud detection.

• Direct app integrations with major auto manufacturers and insurers streamline customer experience and post-sale monetization.

• Significant barriers to entry created by proprietary technology, data assets, and broad industry partnerships.

• AI leadership strengthens relationships with EV manufacturers and enterprise clients.

Financial performance and profitability

• LTM revenue as of March 31, 2025, reached $459M, with a 24% CAGR since 2022.

• Adjusted EBITDA grew 374% from 2023 to $11.5M in LTM March 2025.

• Revenue mix: 50% auto services, 40% auto insurance, 10% technology services.

• Low capex model and increasing EBITDA margins as insurance segment expands.

• Operating expenses primarily driven by integrated service costs (45%) and promotional expenses (34%).