Meyer Burger Investor Presentation

Heterojunction - ready and available MEYER BURGER c-Si technology roadmap evolutionary (upgradable) technology roadmap step change in technology 30% 25 % 23 % 22 % 19 % AI-BSF PERC Passivated Contacts² HJT p-type n-type HJT with lowest LCOE low high LCOE Multi PERC bifacial Mono PERC BSF Mono BSF PaCo² Tandem cell1: HJT + Perovskite HJT low high Efficiency 10 Meyer Burger Technology Ltd, Presentation for Investors, Analysts and Media HJT with undisputed advantages ✓ Highest efficiency for c-Si solar cells ✓ Superior temperature coefficient ✓ Highest bifaciality of all technologies Allows thinnest wafers (cost!) Lowest levelized cost of energy (LCOE) CN government pushing high-efficiency PV technology even more as part of subsidy restructuring: growing number of players considering or working on HJT MB recognized leader in technology and only supplier with proven integration capabilities including module perform - ance; however, several single equipment providers offer individual HJT steps MB working on several deals - strong interest in MB technology but high CAPEX as a hurdle 531 delayed actions as customers assess their options for short-term business and future investments Tandem cell: two different cells are stacked 2 PaCo: passivated contacts, not yet industrially ready

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