Meyer Burger Investor Presentation

MEYER BURGER'S ADVANCED HJT TECHNOLOGY: SIGNIFICANT COST ADVANTAGE IN CELL PRODUCTION Step cost in [$cts/Wp] 2020 2020 2023 Total ~33 - 29 Module ~11 -40% 1 Cell ~14 deprec ~8 Wafer -8 HJT competition Wafer Size: M2 Cell eff.: 23.0% Scale: Sub-GW Source: PV Info Link, Dec 10, 2019 < 25 -20% < 6 MB HJT/Smart/Wire M4 M6 24.0% Sub-GW 24.5% XGW Source: Meyer Burger estimates Meyer Burger Technology Ltd. Presentation for Investors, Analysts and Media, 12 March 2020 MEYER BURGER Wafer: Heterojunction uses n-type wafer (vs p-type for mono. PERC). n-type wafers are superior in performance but >5% more expensive than p-type wafers HJT competition uses M2 wafer size; MB already converted. equipment to larger M4 wafer size. Cell conversion cost of MB technology are below 8 cts/Wp for M4 wafer size due to proprietary MB technology (e.g. much less silver). Of the 8 cts/Wp, ~20% is allocated to the depreciation of the cell equipment (< 2 cts/Wp) Module conversion: Due to missing economy of scale the proprietary SmartWire currently has a -20% higher cost than standard BB) technology but enables significant portion of the superior performance *) BusBar 17 O Meyer Burger

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