Vmoto LimitedRights Issue

Corporate PresentationMay 2012

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Disclaimer

• The information contained in this presentation is current as at 3 May 2012 and is provided byVmoto Limited (ABN 36 098 455 460) (“Vmoto”) as a summary document for informationpurposes only.

• Any forward looking statements included in this presentation involve subjective judgment andanalysis and are subject to uncertainties risks and contingencies, many of which are outside thecontrol of and may be unknown to Vmoto at the time of preparing this presentation.

• Actual future events may vary materially from the forward looking statements and theassumptions on which these statements are based. Recipients of this information are cautionednot to place undue reliance on such forward looking statements.

• The information contained in this presentation is provided in good faith, however, Vmoto makesno representation or warranty as to the accuracy, reliability or completeness of the information.To the extent permitted by law, Vmoto and its officers, employees, related bodies corporate andagents, disclaim all liability, whether direct, indirect or consequential, and whether or not arisingout of the negligence, default or lack of care of Vmoto and/or any of its agents, for any loss ordamage suffered by a recipient or any other persons, arising out of or in connection with any useor reliance on this presentation or information.

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Corporate Overview

• Vmoto Limited (VMT) is a global scooter manufacturer, specialising in electric powered scooters, listed on the Australian Stock Exchange (ASX)

• Head office in Perth, Australia; manufacturing facilities in Nanjing, China; marketing and after-sales service centre in Barcelona, Spain

• Global customers

• Over 110 staff in Australia, China and Europe

• Corporate structure– 635m shares on issue– 24.7m options on issue (exercisable between 2.5c and 20c)– Market Capitalisation: ~A$7.6m– 12 month price range: 1.1c – 4.0c

• Major shareholders:– Management: 11.46%– Bin Wu: 3.95%– CGFH Holdings: 3.58%– Er Chuan Zhou: 2.4%

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Investment Opportunity

Business

• Capacity to produce 150,000 scooters and 150,000 engines per year• Owned 30,000m2 production facility in Nanjing, China, current valuation approximately A$8.3m• Current production demand is 678 units from 1 May to 30 June 2012• Breakeven annual production figure is 8,200 units• Currently negotiating / tendering for contracts with a number of large and prestigious corporations including Post

Malaysia, Belgian Post Group (Belgium), Post Denmark, JCAM Advanced Mobility (Hong Kong), South Africa Post Office,TNT Post Germany, Genuine Scooters (USA), Correios Brazil, Slovenian Post

• Operating cash flows positive in December 2011 and March 2012 quarters

Product

• Zero emission, high power (speed up to 80km/h) and long range (up to 130km) electric scooters selling at a competitiveprice in the markets including Europe

• Running cost: electric scooter 5.7kwh for 100km (approximately EUR1.14 for 5.7kwh for Germany standard) vs. petrolscooter 4.5 litres of petrol for 100km (approximately EUR7.43 for 4.5 litres of petrol for Germany standard)

• Integrating new technology to allow silicone and lithium batteries to be inter-changeable among Vmoto’s existing E-Maxelectric scooters

• Gross margin (sales price minus cost of materials) of current range of electric scooters from 15% to 36%

Offering

• Pro rata non-renounceable rights issue up to 317,669,332 new shares at issue price of A$0.012 per share, raising up to A$3.8m• A free attaching new option, exercise price of A$0.04 and an expiry date of 31 December 2014, for every one new share

issued• Funds raised will be applied towards expansion of Vmoto product range (A$800,000), implement improved quality control

measures (A$500,000), marketing and improving after sales service (A$850,000), Stage 2 manufacturing facility in Nanjing,China (A$500,000), purchasing electrical fixed assets (A$400,000), and general working capital

• Opportunity for investors to participate in shortfall of rights issue, and private placement if over-subscribedFor

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Company Highlights

• Global scooter manufacturing and distribution group specialising in high quality and zero emissionselectric scooters

• Vmoto has strong dealer network in Western Europe (Pikes Research)

• Established and experienced global team >110 employees across Australia, China and Europe with 19distributors

• Strategic competitive advantage with the combination of Western marketing system and strategy, andChinese low cost manufacturing environment

• Significant B2B customer base in Europe and USA, and strong interest expressed by many potentialnew distributors

• Strong platform and network to potentially implement new business model including establish owndealer network for European countries where there is no importer/distributor, battery rental businessand potentially expand into China

• Strong foundations in place to be at the forefront of the ‘electric revolution’ which is expected toincrease to 120 million units scooters and/or motorcycles by 2017 (Pikes Research)

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Directors and Senior Management

• Charles Chen – Managing Director (China)– Ex-Honda Sundiro Management, 18 years’ experience in motor scooter business– Responsible for day to day business operations in China

• Jacky Chen – Non-executive Director (China)– 25 years’ experience in the motor/electric scooter manufacturing industry in China– Operational and development support, quality control

• Olly Cairns – Non-executive Director (Australia)– Involved in numerous IPOs and capitalisations of AIM and ASX companies – Strategy, business development, funding & capital markets

• Blair Sergeant – Non-executive Director (Australia)– Former Finance Director of Coal of Africa, current MD of ASX listed Lemur Resources– Experienced in ASX, AIM and global markets

• Ivan Teo – CFO (China)– Qualified Chartered Accountant/international finance professional with many years of

experience for both Western and Chinese accounting/auditing/finance system– Responsible for group financial and accounting management

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The Electric Market

• Electric scooter sector is seen as one of the biggest growing markets over the coming years in the motorcycle industry

• International governments have incentives and directives to reduce global emissions and are embracing the move to greener and more environmentally friendly transportation

• Battery technology is improving giving better range, recharging ability and affordability

• Large business to business market, e.g.– Postal services– Courier and delivery companies– Fast food delivery– Government fleets

• Retail market expected to follow: quieter, smoother, zero emissions

• Pike Research estimates the world electric scooter market to increase from <20 million units per annum (2011) to 120 million units per annum in 2017, 9% compound growth to 2016

• Vmoto has strong dealer network in Western Europe (Ref: Pike Research)

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Financial Information

Summary of cash flows related to operating activities

Average gross profit percentage

Summary of consolidatedbalance sheet

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

FY2009 FY2010 FY2011

Percentage

Gross Profit %

Current Assets

Cash 1,012,912

Trade and other receivables 1,688,714

Inventories 3,604,558

Other assets 568,109

Total Current Assets 6,874,293

Non-Current Assets

Property, Plant and Equipment 6,030,569

Intangible assets 3,308,618

Total Non-Current Assets 9,339,187

Total Assets 16,213,480

Current Liabilities

Trade and other payables 3,242,127 (a)

Employee benefits 7,013

Interest bearing loans 3,104,718 (b)

Total Current Liabilities 6,353,858

Total Liabilities 6,353,858

Net Assets 9,859,622

Equity 9,859,622

July 2012

repayable in May 2012 and AUD764k is repayable in

31-Dec-11

(a) Comprises of deposits from customers of AUD1m and

approximately AUD400k of payables has been paid in

early January 2012.

A$

(b) AUD1.56m has been repaid in Jan 2012, AUD780k is

Dec 11 Qtr Mar 12 Qtr

Receipts from customers 1,743,356 1,290,805

Payments for

(a) staff costs (429,852) (403,819)

(b) advertising and marketing (121,714) (11,258)

(c) research and development (23,687) (762)

(d) leased assets (1,497) (1,904)

(e) other working capital (including inventories) (1,113,892) (779,249)

Interest and other items of a similar nature received 399 423

Interest and other costs of finance paid (57,577) (65,615)

Other (provide details if material) 16,152 27,867

Net positive / (negative) operating cash flows 11,688 56,488

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Financials – commentary• Cash

– Cash at Bank as at 31 March 2012 is AUD752k

• Margins

– In 2011, the Company concentrated on its own manufactured products including electric scooters

– Electric scooters gross margins are 15%-36%

– Strategic decision to focus on electric scooter market as it was predicted that the demand for electric scootersand/or electric motorcycles will reach 120 million units per year by 2017

– Gross margins are higher for electric scooters than petrol scooters. This is expected to improve further as theorder for parts increase to achieve economies of scale

• Land and buildings (manufacturing facility)

– Land and buildings are carrying at cost of AUD4.6m as at 31 December 2011 on the balance sheet. Thecurrent valuation for the land and buildings is approximately AUD8.3m for the manufacturing facility;

– Current market capitalisation of Vmoto is at AUD7.6m.

• Bank operating facility

– The total bank operating facility approved is AUD5.3m (RMB34m) and the total amount drawn down from the bank operating facility as at 31 March 2012 is AUD3.5m (RMB22.9m);

– AUD780k (RMB5m) is repayable in May 2012, AUD764k (RMB4.9m) is repayable in July 2012 and AUD2m (RMB10m) is repayable in January 2013;

– The annual interest rate is 8.2% and is secured against Nanjing Manufacturing Facility.

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Vmoto E-Scooters Sales and Potential SalesDistributors / customers Countries

E-Max

CY2010 CY2011 Total Distributors OEM / SKD Total

Units Units Units Units Units Units

Eclimo Malaysia 5 500 505 - 19,495 19,495 *

MSA Motor Sport Germany 210 263 473 na - -

A prestigious EV company USA 72 330 402 - 1,998 1,998 *

Intermurcia S.L Spain 126 117 243 2,839 - 2,839 **

AutoBinck Electric Mobility Netherlands - 159 159 1,250 - 1,250 **

Wattoo France - 116 116 1,000 - 1,000 ***

E.On Czech & Germany - 84 84 600 - 600 **

StuRay Investments Pty Ltd Australia 84 - 84 1,500 - 1,500 **

Auteco Colombia 2 80 82 na - -

ZEV Europe Ltd UK - 80 80 na - -

Nemax Italy - 69 69 na - -

Ev Scandia (formerly Lubadd) Denmark - 51 51 na - -

Renewable Energy Systems Japan 27 21 48 230 - 230 ***

Breelectric Netherlands - 40 40 - - -

Cooltra Motos Spain - 25 25 - - -

Electric Avenue Scooters USA 7 14 21 na - -

Electric Vehicle Luxembourg - 18 18 na - -

Pla - Net Slovenia - 16 16 na - -

Ecozoom Switzerland - 15 15 100 - 100 *

MS Marine Croatia 8 6 14 600 - 600 **

Scutum Logistics Spain - 14 14 na - -

KLD USA 6 4 10 na - -

Imperial Green Mobility South Africa 5 1 6 350 - 350 **

Galileo Energy Belgium - - - 200 - 200 *

Storsjobat Sweden - - - 108 - 108

Etropolis Germany - - - na - -

JCAM Advanced Mobility Hong Kong - - - 650 - 650 **

Various customers Europe - 145 145 - - -

Total 552 2,168 2,720 9,427 21,493 30,920

na = forecast not available yet

* refers to target or maximum possible order - no commitment to purchase

** distributor forecast

*** management estimate

E-Scooters actual sales E-Scooters Potential Sales

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• Located in Lishui, Nanjing, Jiangsu, China – a special economic and industrial zone for manufacturer of small vehicles

• Operates under its own manufacturing license.

• Stage 1 and 2 are completed and comprise over 30,000 square meters of usable factory space, recent valuation of ~AUD8.3m

• Current annual production capacity for ~150,000 scooters and ~150,000 engines

• Excellent relationship with local government authorities

• Centralized production line, research & development based at factory

• Well located to world class deep water container port

• Strategically located close to quality parts suppliers

Chinese Manufacturing Facility

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European operations

• After Sales Service and Marketingcentre for Europe based in Barcelona,Spain

• Strategic for Vmoto to service Vmoto’skey customers in Europe and toprovide spare parts and technicalsupport in a timely and efficientmanner

• Marketing / PR including participationin prestigious exhibitions such asEICMA, Intermot & Post Expo

• Europe represents the most important market for Vmoto as European governments generally have incentives and directives to reduce global emissions and encourage to move to greener and more environmentally friendly transportationFor

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Future Strategy

• Short term, to achieve positive cash flow and increase sales to 8,200 units of scooters per annum being estimated the break-even sales target

• Development of Vmoto’s own dealer distribution network in European countries in which it does not currently have a relationship

• Potential development of electric scooter battery rental business in Europe as a means of addressing the infrastructure issue with electric scooters

• Continue to target and expand new markets where governments have incentives and directives to reduce global emissions and are embracing the move to greener and more environmentally friendly transportation

• Potential expansion into Chinese electric scooter market by business cooperation or acquisition of existing electric scooter companies in China

• Dual listing on UK’s AIM market by Q4 2012 giving access to broader equity capital markets and in recognition of the Company’s current customer base

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Conclusion

• Significant manufacturing facilities and licences in China, global distribution network and proprietary technology provide the foundation to secure an increased market share in the burgeoning global electric scooter market

• Significant barriers to entry for other companies looking to establish a global e-scooter business

• Current valuation of Chinese land and facilities ~AUD8.3m

• Continued orders in 2012 with more distributors to be appointed and B2B sales made

• Western style management, production planning, marketing and branding strategy and corporate governance combined with Chinese infrastructure, manufacturing capability and low cost environment

• Strong international team in design, development, production and sales

• Vmoto is at the forefront of the ‘Electric Revolution’ – an expanding global market as countries and companies look to reduce their carbon emissions

• Rights issue to raise AUD3.8m for expansion of Vmoto product range, implement improved quality control measures, marketing and improving after sales service, Stage 2 manufacturing facility in Nanjing, China, including purchasing electrical fixed assets, and general working capital. Looking for London support prior to AIM listing in Q4 2012

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Contact

Further enquiries?

Charles Chen

Managing Director

M:+86 25 6881 1550

E: charles@vmoto.com.cn

Olly Cairns

Non-Executive Director

T+61 (0)8 6267 9030

E: olly@vmoto.com

Blair Sergeant

Non-Executive Director

T: +61 (0) 9481 1341

E: blair@vmoto.com

www.vmoto.comFor

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Appendix

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Vmoto’s Market Position

• Recent study by Pike Research “Pike Pulse Report: Electric Motorcycles and Scooters” published in1Q 2012 ranks Vmoto as a Top 5 performer globally in the electric motorcycle and scooter industry.

• Report validates the market position of Vmoto and as a key player in the electric motorcycles andscooters industry, citing that:

• Vmoto has a strong position in the e-scooter market• Vmoto has strong dealer network in Western Europe and is building its fleet market• Vmoto is well positioned for future growth and has costs in line to be able to effectively

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Electric Market Forecasts

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Global presence

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Vmoto Key CustomersName Description

A prestigious EV company (US) Founded in 1996 and based in Rhode Island, United States. Vmoto OEM this company’s electric scooters for worldwide distribution.

E.On (Czech Republic & Sweden) A global top 500 company and has more than 85,000 employees and generated just under EUR93 billion in sales in 2010

AutoBinck Electric Mobility (Netherlands)

Based in Netherlands and distributes a range of electric vehicles. Key growth part of AutoBinck Group, leading player in European vehicle business with over €1 billion in sales, 1,700 employees in 7 countries. Founded in 1907.

Intermurcia (Spain) Sole importer of Vmoto’s E-Max electric scooters for “Correos Spanish Postal”

Nemax (TNT Italy) Sole importer of Vmoto’s E-Max electric scooters for “TNT Italy”

KLD Energy Technologies KLD designs and develops electric motor systems for electric vehicles. Vmoto has close relationship with KLD and supply to them on Semi Knocked Down basis

EV Scandia (Denmark) Distributes to a key growth market in EVs, has already supplied over 150 units to B2B customer this year

Imperial Green Mobility (South Africa)

Founded in 1994 and focus on Segway high-tech self-balancing moving device and other EVs

Wattoo (France) Built itself to be the leading electric scooter distributor in France with Vmoto’s E-Max products. Over 100 dealers

Auteco (Colombia) Founded in 1941 and was the first motorcycle assembler in Columbia, controls over 85% of the 2 wheel market and has over 800 dealers. Exclusive importer and assembler of Kawasaki, Indian Bajaj and Kymco. Already has 50 units of E-Max on 6 month trial.

Sturay (Australia) Sole importer of Vmoto E-Max electric scooters for Dominos’ Pizza in Australia. Dominos is currently trialing the first batch of electric scooters

• 19 distributors globally and in discussions with further potential distributors

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Vmoto Target Customers

Name Description

Riba (Brazil) One of the leading EV importers in Brazil

Post Malaysia Post services company, transformed from government owned to a business corporation, has over 850 branches and mini post offices throughout Malaysia

Belgian Post Group (Belgium) Post services company, one of the largest employers in Belgium and based in Brussels. Recently opened tender for 3,000 electric scooters over 3 years.

Post Denmark (Denmark) Post services company, transformed from governmental department to public company in 2002. Employs over 21,000 and delivers approximately a billion letters and 37 million parcels every year. Electric scooter tender now open.

Genuine Scooters (USA) Founded in 1989 and now USA’s 3rd largest scooter distributor. Expected to start with Vmoto E-max sales in June 2012

JCAM Advanced Mobility (Hong Kong)

Co-founded in 2005 by movie star Jackie Chan, now leader in HK in EVs with Segway and Brammo brands. Now has Vmoto E-max scooters on trial with Hong Kong police and awaiting completion of homologation to begin distribution.

• Strong pipeline of sales opportunities with 107 scooters out on trials around the world

• Vmoto is currently in discussions with over 10 other B2B corporations to distribute Vmoto’s E-Max electric scooters

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Typical sales progression and manufacturing timeline

Typical sales progression and manufacturing timeline

Payments

Factory for sample

visit and orders

Initial business Samples

contact discussions Production

1st month 2nd month 3rd month 4th month 5th month 6th month 7th month 8th month 9th month 10th month 11th month 12th month

Production,

shipment

and balance

of payment

from

customerSamples delivery to customer

Road testing

Demonstration to dealers

(sometimes up to six months)

Sign

agreement

Scooters local compliance (sometimes

up to six months)

First

container

order and

deposit

from

customer

Description of activity

Timeline

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Typical cash flows progression and manufacturing timeline

1st month 2nd month 3rd month 4th month 5th month 6th month

Parts delivery to Vmoto

and Vmoto production of

electric scooters

Shipment to

customer

Pay 30% to 100% deposit to

suppliers for commencement of

production of parts by suppliers

Pay balance payment to

suppliers for delivery of

parts

Receive 30% deposit from

customer

Receive 70%

balance

payment

from

customer

Parts order

based on

sales

forecast

Suppliers production of

partsDescription of activity

Timeline

Cash flows

Typical cash flows progression and manufacturing timeline

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Senior Management

China

• Jackie Wu

• Wendy Wang

• Klaus Rheinschmitt

• Patrick Davin

Australia

• Ray Rooney

Europe

• Carlos Sotelo

• Michael Fulton

• Juan Carlos

– Factory General Manager, Manufacturing, R&D (Ex-Honda Sundiro)

– Factory Vice General Manager (Ex-Honda Sundiro)

– Manager, Quality Controller (Ex Technical Manager E-Max Germany)

– President of Strategic Business Development

– Distributor, sales and marketing

– General Manager, Marketing, Products Research and Design

– International Sales & Marketing Manager, Europe and South America

– Service, warehouse and distribution manager, Europe (Ex-Honda Europe)

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Vmoto Products - “S” Models Electric Scooters

90S 110S 120S 120SD

Battery concept Silicone Silicone Silicone Silicone

Battery capacity 4x12v / 40Ah 4x12v / 40Ah 4x12v / 60Ah 4x12v / 60Ah

Charging time 4-6 hours 4-6 hours 3-5 hours 3-5 hours

Re-charge cycles 300 deep charging 300 deep charging 300 deep charging 300 deep charging

Motor Motor (Max Power)4000W 13" high torque

maintenance free motor

4000W 13" high torque

maintenance free motor

4000W 13" high torque

maintenance free motor

4000W 13" high torque

maintenance free motor

110V / 220V 110V / 220V 110V / 220V 110V / 220V

Max speed 45Km/H 45Km/H 65Km/H 65Km/H

Distance range 45-60km 75-100km 75-100km 75-100km

Climbing capacity <12o

<12o

<20o

<20o

Weight 150Kg 190Kg 190Kg 200Kg

Tires 130/60-13" 130/60-13" 130/60-13" 130/60-13"

Brakes

Hydraulic floating disc

brake

Hydraulic floating disc

brake

Hydraulic floating disc

brake

Hydraulic floating disc

brake

Rim Aluminium Aluminium Aluminium Aluminium

Dimension (mm) 1920 x 720 x 1140 1920 x 720 x 1140 1920 x 720 x 1140 2020 x 720 x 1280

Picture

Model

Battery

Charger Input Voltage

Performance

Basic Info.

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Vmoto Products – “L” Models Electric Scooters

80L 120L 120LD

Battery concept Lithium Lithium Lithium

Battery capacity 4x12v / 20Ah 4x12v / 104Ah 4x12v / 104Ah

Charging time < 3 hours 6-8 hours 6-8 hours

Re-charge cycles 800 deep charging 1000 deep charging 1000 deep charging

Motor Motor (Max Power)4000W 13" high torque

maintenance free motor

4000W 13" high torque

maintenance free motor

4000W 13" high torque

maintenance free motor

110V / 240V 110V / 240V 110V / 240V

Max speed 45Km/H 65Km/H 65Km/H

Distance range 30km 140km 140km

Climbing capacity <12o

<20o

<20o

Weight 68Kg 145Kg 155Kg

Tires 3.0-10 130/60-13" 130/60-13"

BrakesHydraulic floating disc

brake

Hydraulic floating disc

brake

Hydraulic floating disc

brake

Rim Aluminium Aluminium Aluminium

Dimension (mm) 1722 x 651 x 1182 1920 x 720 x 1140 2020 x 720 x 1280

Basic Info.

Picture

Model

Battery

Charger Input Voltage

Performance

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2011/1/1 2012/12/312012/1/1

50cc

2kW

70cc+

4kW

125cc+

8kW

E -

Scartt

D.G.W

206

120L 120LD

Diamonds +

120SV 120LV

80L (1/2 cost)

Products Plan 2011 - 2013

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Vmoto Products – 120SD Main Features

European Design

Reverse Function

3 mode shifts

Water-proof LCD speedometer

Battery pack (4 pieces)

Brushless DC Motor

100L

Two side stands

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Vmoto Products – 80L Main Features

European Design

Alum. Frame

Water-proof LCD speedometer

Moveable battery pack

LED Lights

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Batteries and charging

• Currently silicone & lithium battery packs used

– Modular design

– High energy density

– Intelligent cooling system

• Moveable battery packs

• On board chargers and smart chargers

• Average range – 45km to 130km

• Average charging time – 3 to 5 hours

• Average life of battery (recharge cycles) – silicone (300 deep charges), lithium (800 to 1,000 deep charges)

• Cost to charge – Consumed on average approximately 4kwh (economical mode, cost 80 Euro Cents), 4.67kwh (normal mode, cost 94 Euro Cents) and 5.7kwh (maximum mode, cost Euro1.14) for every 100kmF

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News flow in the last 12 months

• Increase of AUD2.9m in Nanjing Bank Operating Facility – 10 May 2011

• Response to shareholder letter – 26 May 2011

• New customers and distributors – 9 June 2011

• Further customers – 7 July 2011

• Kaijian Chen and Olly Cairns appointed to Board – 1 September 2011

• Requisition of General Meeting – 30 September 2011

• Supply trial to Dominos Pizza – 5 October 2011

• Requisition of General Meeting – 14 October 2011

• Board issues resolved – 29 November 2011

• Blair Sergeant appointed to Board – 18 January 2012

• First shipments to Malaysia – 7 February 2012

• Launch of Rights Issue – 5 April 2012

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