EOPLLY New Energy Technology Co.,Ltd. official company presentation

2. contents
Company Profile
Core Competence
Manufacturing Capability
Quality & Certificates
Financial Performance
Project References

3. Company
Profile

4. Introduction to Eoplly
 Solar cell & module manufacturer founded in 2006 with
Current annual capacity:180MW on cells, 330MW on modules
Annual capacity in Q1 2013: 330MW on cells, 700MW on modules
 Conversion efficiency
Avg of 18.5% on mono cells and 17% on multi cells
Continuous improvement and innovation
 Annual turnover: $348 million USD in 2011
 Employees: over 1800
 Location:
Manufacture: Nantong, China
Sales office: USA , Germany & China

5. Company Structure
Eoplly New Energy
Technology
CO.,Ltd
Eoplly Eoplly
Nantong Eoplly USA Eoplly Shanghai
Europe
Factory
Quanlity Engineering Production Technical
Marketing After Sale Logistic
Support

6. The Product Chain
Roof Systems
Solar Cells Solar Modules
PV Systems
Solar Power
Stations

7. Eoplly Product Focus
Solar Cells PV Modules Solar System
Product: High performance mono and Strategy: • Top quality modules Strategy: Partner with 2nd shareholder
multi-crystalline solar cells manufactured by highly automatic Zongyi Group to co-develop and
Location: Nantong, Jiangsu province European made tools long term holder of PV projects in
• Focus on OEM and white label Europe & USA
Capacity: 180MW (current), 330MW by end products, leveraging strong solar Attributes: • Co-develop and co-own the
of 2012 cell platform projects in Europe since 2009
Efficiency • Avg of 18.5% efficiency on Capacity: 330MW (current), 700MW by end • Good partnership with Top tier
and Key mono cells & 17% efficiency on of 2012 EPC and strategic partnership
Attributes: multi cells Attributes: Full range of certificates including with inverter, racking system
IEC 61215 & IEC 61730, UL 1703, provider to provide total solutions.
• High-efficiency SE cells ready
by Q2 2012, MWT cells ready by MCS, Golden Sun etc.
Q3 2012
SILICON SYSTEM
POLYSILICON INGOTING CELL
WAFERS MODULE

8. Core
Competence

9. Superiority
• Strong Shareholder
Value
• World-class Quality
• Leading Cost Structure
Core • Optimized Photovoltaic
competence Solution Provider

10. Strong Shareholder Value
 Hailin Group
largest shareholder with 32 years history, famous clothing brand
in China
 Zongyi Group
2nd largest shareholder, 2 Billion USD Company, the biggest PV-
Project holder in oversea market for a Chinese Company.
 Yanghe Group
3rd largest shareholder, 20 Billion USD Company, Chinese liquor
industry with 40%-50% gross margin.
 Hailan Group
chinese largest high-end men’s production base,import and
export trade valume over billion USD
 And other investors
such as Herong, CIMC, Landgent……

11. World-class Quality
 86 quality control points from
polysilicon, wafer, cell, module
and system manufacture and
86 Quality 10 Years installation.
control Product  First company in the world to
points Warranty
announce 10 years product
25 Years
warranty, since 2009.
24 Hours linear Warranty  25 years power output warranty
backup by
Full Service zurich insurance backup by Zurich Insurance, one
of the top insurance companies in
the world.
 Provide worldwide 24 hours full
service support.

12. Leading Cost Structure
Advanced technology and right size
of capacity to maintain over 95%
utilization rate that keep our cost
among the best in the world.

13. Optimized Photovoltaic Solution Provider
Cell
First Chinese company to promote
Efficiency photovoltaic solution provider.
One of largest Chinese PV investor
to invest in Europe
Provide total solution from
Module
modules to system finance.
Efficiency
System
Efficiency

14. Investment Thesis Summary
Strong shareholder value with total of about $40 Billion USD
value and strong equity support from strategic shareholders
and Chinese banks including China Development Bank (CDB).
Strong financial potential with positive earning and
generation and potentially being public company in Shanghai
Stock Exchange in 2013.
Strong management team with proven execution.
Technology and cost leadership and clear R&D roadmap to
increase solar cell efficiency to 20%.

15. 2015 Company Target
Modules capacity (MW)
2500
• Capacity: Cells---->600MW
Modules---->2.2GW 2000
• Sales: 2GW , 1.6Billion $
Target • Market capitalization: 3Billion $ 1500
• Emission reduction：5 million 1000
tons CO2
500
0
2011 2012 2013 2014 2015
2011 2012 2013 2014 2015
Cells capacity(MW) 180 330 480 600 600
Modules capacity 330 700 1100 1600 2200
(MW)
Sales Volume (MW) 230 600 1000 1500 2000
Turnover (US$ mn) 200 500 800 1200 1600
Market Value --- 500 1400 2400 3100
(US$ mn)

16. Manufacturing
Capability

17. German Cell Production Line
Wafer Cleaning and Texturization
To provide optimal quality, our cell
production line uses CENTROTHERM
machinery that is installed, regulated &
controlled by CENTROTHERM’s German
engineering team
Phosphorous Diffusion

18. German Cell Production Line
Removal of PSG
PECVD

19. German Cell Production Line
EL Testing
Printing

20. Automatic Module Production Line
Wafer Cleaning and Texturization
Soldering

21. Automatic Module Production Line
Assembling
Intermediate Testing

22. Automatic Module Production Line
Laminating Framing

23. Quality &
Certificates

24. Quality Control
– 6 Control Points of Raw Material
86
– 34 Control Points of Solar Cell Manufacturing
Control
Points
– 35 Quality Control Points of Module
– 11 Control Points of Solar Power Station Building

25. Reliability
Quality Reliability Assurance
Custom Quality Quality/Reliability
QA/Certification Quality Control Center Management Lab
Product SQM OQA CS RMA Reliability
Supplier Quality Outgoing Quality Customer Return Material
Certification Management Support
Lab
Assurance Approval
FA
DCC
Failure
Document
IQC Analysis
Control 2nd IPQC OQC
Incoming In-Process Outgoing
Quality
Source
Quality Control Quality Control
Control
QA: Quality system control and
ISO CS: 1.Customer Complaint Handling RL: Reliability Analysis
quality system maintenance, 2nd Source: 2nd Source guide, Overall 2.Coordinate various functions to FA: Failure Analysis &
internal and external management of the responsible provide containment, corrective and Calibration
customer supplier(s) preventive actions to customer management &
3.Customer various functions to drive
audit IQC: Incoming material inspection and
quality improve activities to achieve
MSA
DCC: Document Control& EC quality control customer quality expectation
Control OQC: Shipping Inspection 4.Contact windows with customer on
quality
IPQC: In-process Quality Control
RMA: Return Materiel Repair center

26. Regular Third Party Quality Control

27. Our Warranty Promise
More Profit with Eoplly linear Warranty

28. Our Warranty Promise
Zurich Insurance guarantee our
customer maximum safety

29. Financial
Performance

30. Leading Financial Performance
Solid Revenue Growth and Profitability every quarter
in 2011.
Q3 2011 shipment of 94MW & Q4 2011 shipment of
118MW, 26% Q/Q growth
35%Q/Q net income growth from Q3 to Q4 2011

31. Leading Financial Performance
120
100
80 shipment(MW)
60 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
40
12 33 39 48 51 59 94 118
20
0
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
shipment(MW)
120
100
Revenue(US$mn) 80
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 60
40
18 42 83 108 86 94 81 87 20
0
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
Revenue(US$mn)

32. Leading Financial Performance
Gross Margin(%) Net Profit(US$mn)
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
10.3 15.2 11.6 16.6 11.3 13.2 14.0 17.8 0.03 3.64 2.71 7.19 3.26 3.72 4.6 6.23
18 8
16 7
14 6
12
5
10
4
8
3
6
4 2
2 1
0 0
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
Gross Margin(%) Net Profit(US$mn)

33. Leading Financial Performance
Strong Balance Sheet
Review of 4Q 2010
Results ($ in millions) 1Q2010 2Q2010 3Q2010 4Q2010 FY2010 1Q2011 2Q2011 3Q2011 4Q2011
Shipment 12 33 39 48 132 51 59 94 118
Sequential growth -29% 175% 18% 23% 186% -61% 16% 59% 26%
Revenue 17.53 42.12 62.51 127.75 249.91 85.72 93.65 81 87
Sequential growth -23.3% 140.3% 48.4% 104.4% 134.8% -32.9% 9.3% -13,5% 7,4%
Gross Profit 1.8 6.4 7.3 21.3 36.7 11.4 16.6 11,4 15,5
Gross Margin 10.3% 15.1% 11.6% 16.6% 14.7% 13.3% 17.7% 14,0% 17,8%
Operating Profit* 0.03 4.28 3.19 8.46 15.96 3.7 4.3 5,41 7,33
Operating Margin* 0.17% 10.16% 5.10% 6.62% 6.39% 4.32% 4.59% 6,68% 8,43%
Net Income 0.03 3.64 2.71 7.19 13.57 3.26 3.72 4,60 6,23
$10.23M in cash at the end of 1Q 2012
$357.6M in total assets, $89.7M in shareholder's equity
Strong operating cash flow: $13.71 million for full year 2010
>US$150 million of credit facilities available through banks
Signed a RMB 780 million credit agreement with China Construction Bank
Strong capital position to fund growth
Target ROIC >30%

34. Project
References

35. Project List
Ref Completed
Project Name Country Location Project Size
No. Date
1 1MW on-grid solar power plant Spain 0.705MW Mar-08
2 3.29MW on-grid solar power plant Spain Zaragoza 3.290MW Sep-08
3 10MW on-grid solar power plant Spain Cordoba 1.462MW Sep-08
4 2MW on-grid solar power plant Spain Cordoba 1.029MW Sep-08
5 1MW on-grid solar power plant Spain Cordoba 0.227MW Sep-08
6 2MW on-grid solar power plant Spain Casarichec 0.892MW Sep-08
7 2MW on-grid solar power plant Spain La Mancha 0.368MW Sep-08
8 2MW on-grid solar power plant Spain 0.945MW Sep-08
9 1MW on-grid solar power plant Spain Cordoba 0.116MW Sep-08
10 On-grid roof systems Germany Lich 0.791MW Sep-08
11 On-grid roof systems Germany Neu-Isenburg 1.057.MW Oct-08
12 0.8MW on-grid solar power plant Korea Rona Road 0.100MW Dec-08
13 On-grid roof system Australia Fremantle 0.094MW Feb-09
14 On-grid roof systems France Paris 0.102MW Dec-09
15 On-grid roof systems Italy Banella 0.115MW Jun-09
16 2MW on-grid solar power plant Spain 0.055MW Aug-08
17 5.5MW on-grid solar power plant Spian Zamora 3.550MW Oct-09
18 On-grid roof systems Germany ULM 4.980MW Dec-09
19 10MW on-grid solar power plant Slovak Ostrov pri Sobranciach 3.000MW Dec-09
20 On-grid roof systems Australia Brisbane 0.317MW Dec-09

36. Project List
21 On-grid roof systems Australia Brisbane 0.323MW Dec-09
22 On-grid roof systems France Paris 0.102MW Dec-09
23 1MW on-grid solar power plant Spian Madrid 0.510MW Dec-09
24 On-grid roof systems Spian Madrid 1.000MW Dec-09
25 On-grid roof systems Porgutal 0.440MW Dec-09
26 On-grid roof systems France Marceille 0.725MW Mar-10
27 On-grid roof systems France Décines 0.155MW Apr-10
28 On-grid roof systems Germany Augsburg 0.580MW May-10
29 On-grid roof systems Czech 2.500MW Jun-10
30 On-grid roof systems Germany ULM 14.320MW Jun-10
31 On-grid roof systems Germany Augsburg 2.000MW Jun-10
32 3.178MW on-grid solar power plant Germany Ansbach 3.178MW Aug-10
33 3.8MW on-grid solar power plant Italy Padova 3.800MW Sep-10
34 On-grid roof systems Germany Poecking 5.840MW Nov-10
35 On-grid roof systems Germany 2.210MW Nov-10
36 3MW on-grid solar power plant Belgium 3.000MW Nov-10
37 On-grid roof systems Australia 2.520MW Nov-10
38 On-grid roof systems Australia 1.120MW Nov-10
39 2.5MW on-grid solar power plant Cezch 2.500MW Dec-10
40 on-grid solar power plant Italy 4.000MW Dec-10

37. Project List
41 on-grid solar power plant Italy 15.000MW Dec-10
42 2MW on-grid solar power plant Italy Padova 2.000MW Dec-10
43 3MW on-grid solar power plant Italy Padova 3.000MW Dec-10
44 4MW on-grid solar power plant Italy Padova 4.000MW Dec-10
45 6MW on-grid solar power plant Italy Padova 6.000MW Dec-10
46 on-grid solar power plant Italy Padova 25.000MW Dec-10
47 On-grid roof systems Germany 2.5MW Jun/11
48 On-grid roof systems Germany 4MW Sep/11
49 On-grid roof systems Germany 1.4504MW Mar/11
50 On-grid roof systems Germany 9.5136MW Jun/11
51 On-grid roof systems The British 0.679MW Dec/11
52 On-grid roof systems Austra 0.468MW Sep/11
53 on-grid solar power plant Spain 3.028MW Sep/11
54 on-grid solar power plant The U.S.A. California 2.099MW Mar/12
55 on-grid solar power plant The U.S.A. California 0.3091MW Mar/12

38. 10MW on-grid Solar Power Station
Cordoba, Spain

39. 5.5MW on-grid Solar Power Station
Zamora, Spain

40. 2.505MW on-grid Solar Power Station
Ostrov, Czech

41. 3.178MW on-grid Solar Power Station
Ansbach, Germany

42. 4.98MW Roof System
Ulm, Germany

43. 7MW on-grid Solar Power Station
Puglia, Italy

44. 2MW on-grid Solar Power Station
Piemont, Italy

45. 1.65MW on-grid Solar Power Station
Puglia, Italy

46. 3.29MW Solar Tracking System
3.29MW on-grid Solar Tracking
Zaragoza, Spain
system, Zaragoza

47. 1MW on-grid Solar Power Station
Secovce, Slovakia

48. 800KW Solar Power Station
Rona Road, Korea

49. 320KW Solar Roof Project
Birmingham, UK

50. 1.73MW Eoplly Roof project
Haian, China

51. Thank You