Meyer Burger Investor Presentation

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2021

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#1Results H1/2021 Company presentation August 19, 2021 MEYER BURGER#2Disclaimer IMPORTANT: The following applies to this document, which has been prepared by Meyer Burger Technology AG (the "Company" and together with its subsidiaries, the "Group") solely for information purposes in relation to the Group (the "Information"). The Information does not purport to contain all information required to evaluate the Company or the Group and/or its financial position. Certain financial information (including percentages) has been rounded according to established commercial standards. The Information is intended to provide a general overview of the Group's business and does not purport to deal with all aspects and details regarding the Company and the Group. The Information does not constitute a recommendation regarding any investment in, or loans or securities of, the Company or any other member of the Group. Further, it should not be treated as giving investment, legal, accounting, regulatory, taxation or other advice and recipients should each make their own evaluation of the Company and of the relevance and adequacy of the information contained herein. The Information may constitute or include forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "plans", "targets", "aims", "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "continues", "should" and similar expressions. These forward-looking statements reflect, at the time made, the Company's beliefs, intentions and current targets/aims concerning, among other things, the Company's or the Group's results of operations, financial condition, liquidity, prospects, growth and strategies. Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; economic outlook and industry trends; developments of the Company's or the Group's markets; and the strength of the Company's or any other member of the Group's competitors. Forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The forward-looking statements in the Information are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records (and those of other members of the Group) and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Forward-looking statements are not guarantees of future performance and such risks, uncertainties, contingencies and other important factors could cause the actual outcomes and the results of operations, financial condition and liquidity of the Company and other members of the Group or the industry to differ materially from those results expressed or implied in the Information by such forward-looking statements. The forward-looking statements speak only as of the date of this document. Except as required by law, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements to reflect any change in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any forward-looking statements are based. No representation or warranty is made that any of these forward-looking statements or forecasts will come to pass or that any forecast result will be achieved. Undue influence should not be given to, and no reliance should be placed on, any forward-looking statement. To the extent available, the industry, market and competitive position data contained in the Information come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, none of the Company or any of its Representatives has independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in the Information come from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the markets in which the Company and the other members of the Group operate. While the Company believes that such research and estimates are reasonable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change and correction without notice. Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in the Information. MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 2#3Agenda 1 Welcome and Review H1/2021 Gunter Erfurt, CEO 2 Financial Statements H1/2021 Jürgen Schiffer, CFO 3 Sales and Marketing Update Moritz Borgmann, Managing Director 4 Outlook Gunter Erfurt, CEO MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 3#41 Review H1/2021 ☑ MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 4#5Solar expected to continue growth worldwide due to the competitive economics – now cheaper than all fossils Solar already among the most competitive sources of electricity¹ Levelized cost of energy (LCOE) - Neither the COVID pandemic nor the resulting module price increase has affected the solar market growth prospects Expected global solar market size USD/MWh GW 250 0 50 100 150 200 +13% CAGR Europe 200 Solar PV (Utility) -31-42 +11% CAGR 150 Wind 26-54 Asia Pacific Coal 65-159 100 Gas 44-198 50 Nuclear 129-198 North America MENAT Sub-Saharan Africa Central & South America 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 1) Source: Lazard Oct 19, 2020 ☑ MEYER BURGER 2) Source: Apricum - The Cleantech Advisory, 2021, center scenario Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 5#6Meyer Burger completes strategic transformation All major transformation milestones reached in H1/2021 Sales and marketing . Start re-establishing Meyer Burger as a premium solar module brand MEYER BURGE WHITE 449372167 MEYER BURGER WHITE 3723 671 10 wb.com • Product launch and sales start • Product IEC certification • Grand opening of both factories (cell and module) Production • Securing supply chain for materials for cell and module production MEYER BURGER WHITE DER BURGER · Ramp-up start Organization and finance Transformation and rebuilding of the organization • Securing growth financing MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 6#7Managing delays in production ramp-up speed - no fundamental impact on business transformation MEYER BURGER Temporary delay situation is closely managed and expected to be resolved within a few weeks • • • • Meyer Burger has started first PV module deliveries in July 2021 as expected. The cell and module production have transitioned to 24/7 operation as planned Meyer Burger has secured the supply chain for all required input materials for cell and module production Bottlenecks in the supply chains for standard components required for the commissioning of certain production machines have an impact on the speed of the production ramp-up. Completion of the ramp-up is therefore expected to be delayed. by a few weeks Meyer Burger will arrange appropriate solutions for the delivery of ordered modules with affected customers MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 7#8Meyer Burger has now entered the operational phase as a premium solar module manufacturer with growth roadmap While we optimize our operating business, we prepare further growth • • • Supply chain management has secured all materials while pursuing a multi-vendor strategy in order to continuously minimize supply chain risks and optimize procurement pricing Cost reduction projects have been launched to achieve target costs in accordance with the business plan The project to expand to 1.4 GW cell and 1.0 GW module capacity in Germany is underway and 50% of the machinery and equipment has already been ordered The decision for the second module production site for initially 0.4 GW, which closes the gap between cell and module capacity, is planned to be made before the end of the third quarter of 2021 MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 8#9Due to technological breakthrough, Meyer Burger has a well-founded n-type expansion strategy Announced new production capacities¹ GW 103.5 3.3 (3.2%) First Solar 80.4 (77.7%) Aiko CSI JA Solar Jinko Risen 3.0 LONGi 6.67 Meyer Burger 1.57 6.5 2.2 Jolywood Tongwei Risen Trina 4.5 (4.3%) Tongwei JA Solar CSI 15.3 (14.8%) Those who have achieved the technological- commercial breakthrough can grow • • • Despite a number of announcements for investments in new n-type technologies, tier-1 manufacturers in fact focus their capacity expansions on PERC2,3 In particular, HJT announcements from China have so far consistently not been implemented as announced (e.g., announcement Risen 2019 2.5 GW,4 which was to be ready in 2021, is now postponed to 2023, announcements from new entrants usually "breathtaking", but only a fraction implemented so far (e.g., SCIE 2019 – 10 GW5) Meyer Burger emerging as a player with solid and technologically validated advanced technology expansion strategy Total CdTe n-TOPCon n-HJT p-PERC 1) Limited to SMSL players and Jolywood (largest TOPCon player). Announcements by lower-tier players and new entrants without track record are not considered. 2) Solar Media Market Research February/May 2021. 3) AsiaChem Report July 2021. 4) China's Risen Energy begins construction of 2.5-GW HJT module factory (renewablesnow.com). 5) Shanxi Coal to Build 10 Gigawatt Solar Cell Factory (yicaiglobal.com). 6) First Solar to Invest $680m in Expanding American Solar Manufacturing Capacity by 3.3 GW (firstsolar.com). 7) Until 2027 according to current planning MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 9#10The next-generation heterojunction technology in the works according to our communicated R&D roadmap Full-size interdigitated back contact HJT 60 cell module prototype MEYER BURGER • Development on track: • • . Full-size 60 cell module prototypes using next-generation heterojunction cells (interdigitated back contact) built in May 2021 at Meyer Burger Switzerland Proof-of-concept (small-aperture SmartWire module) of 24.7% module efficiency (externally confirmed in Feb 2021 by ISFH Hamelin, Germany) In-house development of equipment for next-generation cells and modules on track based on HJT technology platform Ultra-high efficiency, continued cost-down resulting in competitive production costs Bifacial version possible for use in utility projects Commercial module efficiency of ≥24% expected in mass manufacturing Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 10#112 Financial statements H1/2021 MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 11#12Key figures P&L H1 2021 Net sales CHF m 18 51 EBITDA CHF m EBIT CHF m Net result CHF m -25 -31 H12021 H1 2020 -31 H1 2021 H1 2020 -34 H1 2021 -37 -37 H1 2020 H12021 H12020 MEYER BURGER © Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 19, 2021 12#13Key metrics H1 2021 FTEs 743 548 32,6% PP&E in % of total assets Equity in % of total liabilities and equity 89.1 CHF m 12,8% 38.1 CHF m 30.06.2021 31.12.2020 30.06.2021 31.12.2020 MEYER BURGER 82,2% 224.9 CHF m 30.06.2021 259.8 CHF m 87,5% 31.12.2020 Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 13#14Funding for future capacity expansion in module business secured Available funding for business transformation CHF m Successful funding of ~440 CHF m 67 Cash balance 80 158 30.06.2021 136 441 65 506 Equity increase (gross) Green convertible bond (gross) Syndicated loan facility € 125m Available funding Factoring facility € 60m Available funding including € 145m factoring MEYER BURGER Major funding milestones achieved in July 2021 Increase in share capital at Meyer Burger Technology Ltd. of 80 CHF m (gross): issuance of 155'339'805 new shares with a nominal value of CHF 0.05 Green senior unsecured guaranteed convertible bond at MBT Systems GmbH of EUR 145 million (gross): denomination of EUR 100'000 per bond with a coupon of 3.5% and a bond term until July 2027 Additional debt funding available with syndicated loan facility at Meyer Burger Industries GmbH of EUR 125 million and factoring facility of EUR 60 million Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 14#15MEYER BURGER Sales & marketing update Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 15#16Strong start of sales activities fully meeting expectations Order book balance¹ MW • Product launch Apr. 27 Apr May Jun Jul Aug1 Steady order intake since product launch Sold out well into Q4/2021 Pricing fully according to expectations Short-term onboarding of new customers limited by production capacity 1) Per end of month; August balance per Aug. 13 ☑ MEYER BURGER Sales highlights • • • • • . ~30 customers on board, including European market leaders such as BayWa r.e., Krannich, IBC, Sonepar, Memodo as well as key U.S. distributor CED Greentech Represented through >60 country branches of our customers across Europe and U.S. >175 installers listed with Meyer Burger First product shipments end of July First MW-scale project in utility & large C&I segment sold ahead of plan Seasoned solar module sales team on board with ~20 members, rapidly growing. Managed to hire top talent from solar industry in Europe and U.S. Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 16#17Well-executed Meyer Burger market entry coincides with receptive market environment Meyer Burger strengths . • Attractive and unique product properties: • • performance, quality, local manufacturing, sustainability meet customer demand Long advance preparation of customer relations starting already in 2020 paved the way for early sales Trust as reliable and high-quality European manufacturer transfers to module business New sales and marketing team brings decades of PV experience and personal network "Human touch" and closeness to customers Source: Energy Trend MEYER BURGER Sales success Market tail winds Continued rapid market growth in Meyer Burger focus regions . • • • • Generally poor availability of PV modules in Europe and U.S., with long delays and unreliable deliveries Heightened awareness of product origin and associated supply chain issues Standard module prices increased +17% in past 12 months Key premium competitors struggling in the market losing technical edge, top - talent and subsequently market share Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 17#18Sales strategy is scalable as capacity grows through 2023 2021 2022 2023 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Freiberg 0.4 GW, ship resi product Phase 1 Market entry rooftop Set up sales organization Build distributor network Ensure product availability at all customers Focus on core European markets & U.S., esp. DACH MEYER BURGER Phase 2 Steady-state sales • • • Achieve sell- through to installers with intensive sales team effort Intensive end- customer marketing campaign Strengthening non- DACH markets Pilot utility projects Freiberg 1 GW, ship C&I product 1.4 GW & new fab, ship utility product Phase 3 Volume expansion • Further strengthen covered markets Start geographical expansion into APAC Execute built-up C&I pipeline Further establish bankability Phase 4 Utility execution • Consolidate and strengthen overall market penetration Execute and grow built-up utility pipeline • Strategic sales approach is synchronized with capacity expansion plan Phases 1-3 are dominated by distribution business customers are regularly resupplied as they sell on product. Typical sales backlog on the order of a few months In Phase 4, lead times and sales visibility grow, as utility pipeline (including but not limited to previously communicated LOIs) is executed Customary inventory is held due to U.S. shipment lag and to ensure flexibility in serving market Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 18#19Comprehensive marketing campaign supports establishment of premium brand and pushes demand Premium brand ☑ MEYER BURGER Digital performance campaign: ready to shine Digital end customer engagement: the MB App ☑MEYER BURGER XX MEYER BURGER MEYER BURGER Solarrechner Stromkosten senken, Emissionen reduzieren unabhängig werden. All das gehr mit unseren Solarmodulen Klassische Win-Win-Win Situation. Wie gross the Energiesparpotenzial ist erfahren sie mit unserem Solarrechner. In wenigen Schritten erhalten Sie schnell und unkompliziert einen Überblick über Die individuelle Anlagengrosse für the Dach en Solarertrag pro Jahr Ihren Eigenverbrauch Ihre Gesamterspamis pro Jahr ve CO2-Enpamis Einfach ihre Adresse eingeben und los geht's! < MEYER BURGER Karte Satellit DeutsQuand Physical presence MEYER BURGER Salaerienes denken MEVER BURGER Ready to shine. MEYER BURGE & Effizienter. Nachhaltiger Meyer Burger St Nach Produk • • Brand successfully relaunched as European premium PV brand "Setting the standards" as guiding principle Highly positive reception and recognition MEYER BURGER • Installer and end customer advertising is almost exclusively through professional digital performance marketing "Ready to shine" campaign by Jung von Matt launched in August . • Meyer Burger strives to engage the end customer through physical and digital channels, creating a "Meyer Burger experience" Key platform is the Meyer Burger app for installers and end customers . • Prominent presence at key tradeshows in 2021 and 2022 (Nationale PV-Tagung CH, Intersolar EU, Solar Solutions International in NL, Solar Power International in U.S.) • Presence at customer events Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 19#204 Outlook MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 20#21Meyer Burger stands sustainably on four strong pillars X MEYER BURGER MEYER BURGER Future-proof technology platform Secured financing Strong solar brand Scalable sales strategy HJT + HJT Perovskite HJT+IBC COL 56 20 ☑ MEYER BURGER MEYER BURGER ⚫HJT is "just the beginning" • . Short-, medium- and long- term product and technology roadmap • New products and segments envisaged • • Sustainably profitable business model Expansion plan for economies of scale • Solid financing - almost CHF 600 million raised in. the last 12 months • • Almost 70 years of Swiss tradition Brand stands for premium quality and Meyer Burger's values . Meyer Burger is backed by professional people - direct personal contacts in the sales regions "We listen" MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 21#22• • Meyer Burger Ready to shine Solar markets continue to grow despite COVID pandemic and resulting rising module prices Meyer Burger can now scale its business and expand capacity at the German sites and at a second module production site planned to be completed in 2022 Sales start of new products utility modules and solar roof tiles are planned for 2022 Meyer Burger can use the benefit of producing locally by enjoying lower logistics efforts Industry policies "discover" solar manufacturing in the West as strategic sector Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 22#23. . Financial outlook Targets 2023 • Expected revenue:1 > CHF 550m (EUR 500m) Expected gross profit margin: Expected EBITDA margin: > 40% > 25% • Expected net debt / EBITDA: <1.5× Long-term goals (2027) • Expected revenue: > CHF 2.0bn (EUR 1.8bn) • Expected EBITDA margin: > 30% Expected net debt / EBITDA: net cash Assumptions • • To realize the stated targets/goals (7 GW capacity by 2027E), in addition to the EUR 185m debt financing and EUR 217m from convertible bond and share placement, another ca. EUR 45m (ca. CHF 50m) in financing is required • CAPEX (for equal cell and module capacity, in aggregate): • Initial phase for completion of 1.4 GW capacity: c. EUR 195m (CHF 214m)/GW Following phases: EUR 160-175m (CHF 176–192m)/GW Note: Figures relate to Meyer Burger Group consolidated financials. 1) Shipped product mix in 2023 planned to include up to 30% of utility modules MEYER BURGER Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 23 23#24☑ MEYER BURGER Ready to shine.#25Backup MEYER BURGER#26Personnel expenses in CHF m 31 -4 -4 50 28 Personnel expenses and FTES H1 2020 Divestments Operating 2020 Savings Increase Module Business H1 2021 • FTE development 657 -101 -79 266 743 H12020 Divestments Operating 2020 Savings Increase Module Business H1 2021 • Business transformation in full swing Personnel expenses reflect transition phase Overall declining personnel expenses Incremental personnel expenses relating to module business Successful achievement of operating savings in personnel expenses relating to legacy business FTE development indicates investment in human resources for business transformation Headcount amounting to 799 as of June 2021 Incremental FTEs relating to module business Further FTE reduction achieved in legacy business MEYER BURGER © Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 19, 2021 26#27amounts in CHF m Assets 30.06.2021 31.12.2020 Movement Current assets Cash and cash equivalents 66.5 139.7 -73.2 Trade receivables and net receivables from construction contracts 20.5 19.4 1.0 Other current receivables and prepaid expenses 49.2 39.5 9.7 Inventory 14.4 24.3 -9.9 Total current assets 150.6 223.0 -72.4 Non-current assets Financial assets and investment in associates Property, plant and equipment Intangible assets and goodwill Deferred tax assets Total non-current assets Consolidated Balance Sheet Significant investments made in the course of the business transformation Current assets in decline 27.3 29.2 -1.9 89.1 38.1 51.0 6.5 6.4 0.1 0.0 0.2 -0.1 122.9 73.8 49.1 • 273.5 296.8 -23.3 Driven by reduction in cash and cash equivalents Step-up in non-current assets due to investment in property, plant and equipment Total assets Liabilities and equity Liabilities Current liabilities Financial liabilities 0.1 0.1 -0.1 Trade payables and net payables from construction contracts 19.7 11.1 8.7 . Customer prepayments 4.5 4.6 -0.0 Other liabilities, accrued expenses and provisions 19.7 18.5 1.1 Total current liabilities 44.0 34.3 9.7 Non-current liabilities Other liabilities and provisions Deferred tax liabilities Total non-current liabilities Total liabilities Driven by investments for new manufacturing sites Total equity in decline vs year-end 2020 1.6 1.5 0.2 • 3.0 1.3 1.7 Negative result in H1 2021 4.6 2.7 1.9 48.6 37.0 11.6 Capital measures only take effect as of July 2021 Equity Total equity 224.9 259.8 -34.8 Total liabilities and equity 273.5 296.8 -23.3 Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 27#28amounts in CHF m 30.06.2021 in % 30.06.2020 in % restated Net sales 18.0 100.0% 51.0 100.0% Other operating income 1.5 5.2 Currency translation gains and losses on trade receivables and customer prepayments Total income 0.4 0.8 19.9 57.1 Changes in inventories of finished and semi- finished products and machines before acceptance Cost of products and work in process Capitalized goods and services -9.4 -12.9 -16.8 -26.5 20.5 1.2 Consolidated Income Statement Operating income after cost of products and services Personnel expenses Operating expenses Earnings before interest, taxes, depreciation and amortization (EBITDA) Depreciation and impairment on property, pland and equipment 14.2 79.2% 18.9 37.0% -27.7 -31.1 -17.5 -13.2 -30.9 -172.1% -25.5 -2.1 -3.1 Amortization and impairment on intangible assets and goodwill -1.1 -2.7 Earnings before interest and taxes (EBIT) -34.1 -189.9% -31.3 -61.4% Financial result Result from investment in associates Ordinary result 1.3 -2.2 -35.0 -194.8% Non-operating result 0.1 Earnings before income taxes -34.9-194.5% Income taxes -2.3 Result -37.2 -207.2% -4.5 -2.1 -37.9 0.0 -37.9 -74.2% 0.5 -37.4 -74.3% -50.0% Income statement reflects the transition phase Operating income solely relates to the legacy business Net sales mainly driven by equipment and spare. parts sales along with services from legacy business Personnel and operating expenses impacted by business transformation Incremental personnel and operating expenses for module business while personnel and operating expenses for legacy business decrease -73.3% Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 28#29amounts in CHF m 30.06.2021 30.06.2020 restated Repayment of (current) financial liabilities Borrowing of (non-current) financial liabilities Borrowing cost of (non-current) financial liabilities Cost of increase in share capital Cash flow from financing activities Cash flow from operating activities Result -37.2 -37.4 Non-cash items 7.8 -0.3 Decrease/(increase) of net working capital 4.2 32.1 Cash flow from operating activities -25.2 -5.7 Cash flow from investing activities Investment in property, plant and equipment -52.5 -2.3 Sale of property, plant and equipment 0.6 0.2 Sale of investment property 1.7 Investment in intangible assets -1.2 -0.1 Sale of business activities - 4.2 Decrease of bank deposits with limited availability 8.6 6.1 Increase of bank deposits with limited availability Cash flow from investing activities -3.2 -46.0 8.1 Cash flow from financing activities Borrowing of (current) financial liabilities 0.3 -0.1 -0.1 Consolidated Cash Flow Statement - 1.3 -3.1 - -0.0 -1.0 -3.3 0.5 Cash drain driven by negative result and investment in property, plant and equipment Negative cash flow from operating activities Mainly driven by negative result Significant cash outflow from investing activities Further CAPEX in facilities and production equipment for cell- and module manufacturing sites Cash outflow from financing activities Change in cash and cash equivalents -74.4 2.9 • Upfront fees for syndicated loan facility Cash and cash equivalents at beginning of period Currency translation differences on cash and cash equivalents 139.7 35.5 1.2 -0.5 Cash and cash equivalents at the end of the period 66.5 38.0 Presentation for Investors, Analysts and Media, August 19, 2021 Meyer Burger Technology AG 29

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