Meyer Burger Investor Presentation
Financing Plan To Close The Funding Gap
Financing mix:
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Funding gap of CHF 450m to complete construction of Colorado and Arizona manufacturing facilities
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Rights issue with target proceeds of CHF 200-250 million
Remainder to be debt financed from additional financing options: export financing loan, DOE loan, and 45X financing
Export financing loan from a commercial bank, supported by an export agency credit guarantee from the German
government, in the amount of up to USD 95 million
USD 200-250 million U.S Department of Energy ("DOE") guaranteed 10 year loan from the Federal Financing Bank (1)
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Advanced manufacturing tax credit (so-called 45X) of up to USD 300 million to monetise future tax credits with term of 5-6
years
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In parallel, continue to pursue potential strategic partnerships to drive longer-term growth and reduce capital intensity
Source: Company Information; 1) After successfully completing Part I of the DOE process, the Group was formally invited in February 2024 to submit Part II of an application for such loan. DOE's invitation to submit a Part II application is not an assurance that DOE
will invite the applicant into the due diligence and term sheet negotiation process, that DOE will offer a term sheet to the applicant, or that the terms and conditions of a term sheet will be consistent with terms proposed by the applicant. The foregoing matters
are wholly dependent on the results of DOE review and evaluation of a Part II application, and DOE's determination whether to proceed
MEYER BURGER
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