Meyer Burger Investor Presentation
Benchmark agreement enables next growth step
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Binding long-term offtake of 3.75-5 GW with DESRI marks
a strategic milestone
Facts and figures on offtake
DESRÍ
Customer: D. E. Shaw Renewable Investments
(member of D. E. Shaw group, USD 60b
investments and committed capital)
Volume: 3.75 GW of utility modules with right of
first refusal for DESRI to increase to 5 GW
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Term: Supply between 2024 and 2029,
extension of term and volume possible
Down payments: Substantial recurring annual
down payments
☑ MEYER BURGER
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Meyer Burger can commence the rapid expansion of its U.S.
manufacturing on this new basis, expected to reach ~3 GW of
global nominal production capacity (Germany and U.S.) by
around mid-2024 (contingent upon completing financing)
Facilitates bankability for utility product
Resulting segment split with about two thirds residential
optimizes overall margin
Annual down payments as well as long-term visibility enable
Meyer Burger to establish and expand more secure and even
more sustainable supply chains and to optimize costs
Negotiations with further strategic offtake partners in the U.S.
and Europe on the back of this benchmark offtake agreement are
ongoing
Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022
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