#1Business update January 17, 2024 Presentation for investors, analysts, and media MEYER BURGER#2Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN OR INTO WHICH THE SAME WOULD BE UNLAWFUL This document and any oral statements made at the presentation hereof (together, the "Presentation") contains information regarding Meyer Burger Technology AG (the "Company" and together with its directly or indirectly held existing or future consolidated subsidiaries, the "Group"). This Presentation has been prepared for information purposes only and should not be used in making any investment decision. 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MEYER BURGER 2#3Business Review and Key Preliminary 2023 Figures Approximately 1.4 GW of nominal annual cell and module production capacity now installed in Freiberg and Thalheim, Germany, respectively Construction of 2.0 GW U.S. cell and module facilities on track for expected start of production in Q2 2024 Total Sales of CHF 135 million reflects challenging market conditions in Europe EBITDA loss of CHF (126) million reflects initial write-down of inventory in Europe, as well as ramp-up costs and production below run-rate volumes given market conditions Cash position of around CHF 150m as of 31-Dec-23, with several additional financing opportunities currently under discussion Financial results demonstrate urgent requirement for policies protecting European solar manufacturers against a distorted competitive environment Installed Capacity (GW) Total Sales (CHFm) 2022 2023) 2022 1.4 147 1.0 2023 EBITDA (CHFm) 2022 (31 Cash (CHFm) 20232) 293 (35) Source: Company Information; 1) Approximate value; 2) Preliminary unaudited figure, subject to change; 3) Refers to Cash and Cash Equivalents as of 31st December MEYER BURGER 135 150 (126) (2) 2022 2023 3#4FY23 Saw Market Distortion and Significant Oversupply in Europe Due to Lack of Adequate Policy Measures ☑ European market saw significant oversupply in FY23, driven by a sharp increase in Chinese production capacity and trade restrictions imposed by India and the United States Ensuing price war and dumping practices have created a distorted market in which prices for solar modules are, in some cases, below production costs of European manufacturers Rapid implementation of adequate policy measures such as the German resilience scheme and EU anti-dumping regulations urgently required to establish a level competitive playing field Ability to execute existing strategy successfully in 2024 will be highly dependent on the further development of the European market environment and the materialisation of government support schemes Source: Company Information MEYER BURGER 4#5U.S. Opportunity Remains Attractive; Start of Production On Track for 2024 U.S. Solar PV Deployment Forecast, by SEIA (1) Installed Capacity (GWdc) 43 2.0 GW Module Facility in Goodyear (AZ) 47 500 Employees (2) 10k Solar Modules per CECEELE Start of Production Day (2) Q2 2024 28 33 888 38 2 32 20 20 28 24 18 12 36 2.0 GW Cell Facility in Colorado Springs (CO)(3) ~Year End 2024 Start of Production 350 Employees (2) 1.4m HJT Solar Half Cells per Day (2) 6 6 6 7 7 8 2022 2023E 2024E 2025E 2026E 2027E Residential Commercial ■Community Solar Utility Source: Company Information; 1) SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight 2022 Year in Review 2) At run-rate production; 3) Potential to upgrade to 2.8 GW ☑ MEYER BURGER DESRI INGKA™ Volumes underpinned and BayWa derisked by firm off-take agreements (~5.4 GW) with blue-chip utility customers 5#6Key Elements of Downsizing Plan Facilities to be Shut Down 1.4 GW Cell Production in Bitterfeld-Wolfen, Germany 1 Closure and Sale of Freiberg Module Facility 1 2 Bitterfeld Cell Facility Continues Operations to Support U.S. Module Production Started production in July 2021, at 400MW Downsizing costs expected to be self-funded 1.4 GW Module Production in Freiberg, Germany through the 3 Subsidies and Local Debt Facilities Repaid sale of Started production in July 2021, at 400MW Source: Company Information MEYER BURGER 4 Operational Workforce Right-Sized inventory Resulting European Business – an - R&D Centre of Excellence for the Group Focused on Technology Development 6#7Potential Transition to a Hybrid Captive Business Model Acceleration of Meyer Burger's cutting-edge technology on an exclusive basis to industrial partners in different regions of the world 0 Hybrid business model including licensing Meyer Burger's technology Source: Company Information MEYER BURGER Meyer Burger would retain ownership of its intellectual property к Continued funding of production facilities by partners Mid-term EBITDA of CHF 250m expected to be achievable 7#8Key Takeaways 1 Reduction in revenue expectations and generation of losses during FY23 due to severe market distortion and oversupply in Europe 2 Meyer Burger has to take decisive action now to protect the viability of the business and capture growth opportunities 3 The U.S. plan represents a highly attractive investment case for existing investors and new strategic partners alike 4 U.S. growth expected to provide funding and attractive opportunities for a strong European R&D function 5 Downsizing Europe would be a difficult decision but can be done quickly with limited impact on the Group 6 Fiscal year 2023 report is expected to be released in March 2024 Source: Company Information MEYER BURGER 8#9☑ MEYER BURGER With the right energy, anything is possible.