Meyer Burger Investor Presentation

MEYER BURGER CAN OBTAIN UNIQUE MARKET POSITIONING, ENABLING HIGH MARGINS MEYER BURGER Average selling price / manufacturing costs 1,2 Standard segment European module competitors³ Standard HJT competitors Uncompetitive product offering H Asian PERC competitors High-efficiency segment IBC competitors I Meyer Burger HJT/SWCTⓇ The captive business model prevents competitors' access to HJT/SWCT®, so that Meyer Burger can maintain margins long-term PERC: low-margin commodity business with exhausted cost reduction potential High-efficiency competition: very high prices due to positioning as a premium product in the residential market - but with significantly higher production costs Margin Average selling price Module efficiency2 [%] Average manufacturing costs Source: Company datasheets, Solarmedia (Q4 2019), PV Info Link, analyst reports, expert interviews; 1) Average sales price: reference prices from publicly available sources for “black-black" modules; production costs: COGS, incl. D&A; 2) average of several manufacturers for different categories; 3) module production with purchased Asian cells of medium performance class 13 O Meyer Burger

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