Meyer Burger Investor Presentation slide image

Meyer Burger Investor Presentation

Long-term offtake agreement 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 Term: Supply between 2024 and 2029, extension of term and volume possible Down payments: Substantial recurring annual • down payments ☑ MEYER BURGER Benchmark agreement enables next growth step • . • . 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 of about two thirds residential/small commercial expected Annual down payments as well as long-term visibility shall help. 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 15
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