Meyer Burger Investor Presentation
FINANCIAL OUTLOOK
MEYER BURGER
TARGETS WITHIN 3 YEARS
› Expected Revenue:
› Expected Gross Profit Margin:
› Expected EBITDA Margin:
› Expected Net Debt/EBITDA
CHF 400m CHF 450m
45% -50%
25% - 30%
0.25x -0.5x
› Expected revenues with annual capacity of 1.4 GW of cell and 0.8 GW of module
production by raising a total of around CHF 180 million of debt in 2021/22
› CAPEX (for equal cell and module capacity, in aggregate):
Equipment sourced from Meyer Burger EUR 70-90m/GW for initial investment;
reducing to EUR 55-65m/GW from 2023 on (figures at arm's length pricing, including
margin for Meyer Burger)
Third-party equipment EUR 45-55m/GW
Building and facility EUR 70-90m/GW; for the first factory build phase of 0.8 GW
module and 1.4 GW cell capacity, savings of EUR 22-28m can be expected due to
existing buildings
Ratio of CAPEX for cell to module capacity c. 80% : 20%
LONG-TERM GOALS
Assumptions:
>
In addition, a further CHF 260m - 340m of financing can be raised to implement phase II of our
new business plan - additional 1.4 GW installed cell and module capacity - in the base case, the
required financing for phase II is to be raised in 2023, but potentially to be accelerated
depending on developments over the next 18 months
Long-term goals (> 5 years horizon) - Meyer Burger Group Consolidated Financials
> Revenue:
> EBITDA Margin:
> Ratio Net Debt / EBITDA:
> CHF 2.0bn
> 30%
net cash
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