Meyer Burger Investor Presentation

MEYER BURGER'S ADVANCED HJT TECHNOLOGY: ENABLES PROFITABLE BUSINESS CASE Comparison of PERC and HJT module mono PERC 2020e (large GW scale) MEYER BURGER MB HJT/SmartWire Yearly (core) gross profit for module producer of 1 GW (sub-GW scale) 2020e 60 60 35-50 ASP premium [mUSD] 60-210 200 30 25-30 ~ 29 30 ~23 cts/Wp 2-7 cts/Wp 6-21 MB HJT/SmartWire vs mono PERC 3x 100 20-70 - 10 20+ $cts/Wp [USD cts/WP] 0 Cost (1) ASP Gross Profit Cost (2) ASP(3) Gross Profit (depending on addressed market segment) mono PERC MB HJT 60 60 2023e (large GW scale) (xGW scale) 2023e [mUSD] 50-200 30-45 200 5x 30 22-25 ~21 < 25 5-20 100 1-4 820+ $cts/Wp 10-40 0 Cost ASP Gross Profit Cost (2) ASP(3) Gross mono PERC MB HJT Profit Source: PV Info Link, PVTech, Meyer Burger estimates (1) new production line (2) on a like-for-like basis to mono PERC (3) depending on market segment even higher Meyer Burger Technology Ltd. Presentation for Investors, Analysts and Media, 12 March 2020 18 O Meyer Burger

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