Et solar company presentation february 2014

ET Solar, Inc.Company Introduction 2014

Safe Harbor Statement

This presentation has been prepared by ET Solar Group. (the “Company”)

solely to facilitate the understanding of the Company’s business model and

growth strategy. The information contained in this presentation has not been

independently verified. No representation, warranty or undertaking, express or

implied, is made as to, and no reliance should be placed on, the fairness,

accuracy, completeness or correctness of the information or the opinions

contained herein. None of the Company or any of its affiliates, advisers or

representatives will be liable (in negligence or otherwise) for any loss

howsoever arising from any use of this presentation or its contents or

otherwise arising in connection with the presentation.

CONTENTS

Part 1 About ET

Part 2 ET Business

Part 3 Why ET

Part 4 ET Performance

ABOUT ET – Leading Complete Solar Power Solutions Provider

3,000 staff

700 customers $700 million annual revenue

3 GW global installation

Established in 2005, ET Solar Group has emerged as a global one-stop solar solution provider. Our business is divided into manufacturing and solar system solutions. Our leading technology, coupled with high-quality products and services, enables ET Solar to offer cost efficient turn-key system solutions and services to specialized PV investors.

Top 500 Private enterprise of China 2012

Top 100 most influenced enterprise in clean energy industry

Top 500 global clean energy enterprise 2011

8% of revenue invested in R&D

ABOUT ET - Our History & Milestones

2012

20132013.04 ET solutions project reference over 300MW2013.03 Global PV module installation reached 2GW

2012.11 ET Solar Japan branch established in Tokyo2012.07 Listed as global tier 1 PV manufacturer by Bloomberg2012.04 US$ 238 million credit facility received from Bank of Communications

2012

20112011.12 ET module capacity reached 1GW2011.10 US$ 1.27 billion credit facility received from CITIC Bank2011.03 ET PV module shipment reached 1GW

2009-20102010.10 Subsidiary ET Solutions s.r.l established in Italy2010.07 Green Equity established in Luxemburg2009.04 Subsidiary ET Solar Energy Limited founded in Taizhou, China

2008.08 Subsidiary ET Solutions AG founded in Germany2008.05 Get US$ 50 million private equity fund2007.03 Subsidiary ET Solar Inc. founded in California, USA

2007-2008

2005-20062006.12 ET Solar brand established, renamed of ET Solar Industry Ltd.2005.05 ET Solar first module production line commenced2005.01 Predecessor of the company CNS founded

ABOUT ET - RPS Philosophy

ET Solar is an innovation-based and customer-focused company, with a deep understanding that value and quality guide our decision-making.

CUSTOMERSAT THE

FOREFRONT

Safety

Adaptability

Performance

RELIABILITY Profitable

Transparent

Bankable

PROFITABILITY

Innovative

Leadership

Stewardship

SUSTAINABILITY

ABOUT ET - Global Presence

New Jersey , US

Rotterdam , Netherlands Felxtion , UK

Vercelli , Italy

Taizhou , China

California , US

Global network & local service

ET Solar - US Facilities

ET USA Headquarters Office - San Francisco, CA East Coast Office – Branchburg, NJ Service – San Francisco, CA Warehouses

Fremont, California Long Beach, California Aiea, Hawaii Oahu, Hawaii Branchburg, New Jersey

Complete Product Suite for all Applications

P648 module(48 poly cells)

AC module(micro-inverter built-in)

Residential BIPVUtility scaleCommercial Customized

Anti-glare(texturized glass surface)

M660 module(60 mono cells

EU only)

Binary star(dual-junction box)

P660 module(60 poly cells)

Transparent module(transparent backsheet)

Double glass module

Anti-Salt spray

Off- grid

PHOTON Laboratory - 2013 Results ET modules generate more revenue grade power per first-cost investment ($/W) than 151 modules reported! Mono

Top (new) - Sopray Energy, SR-190 @ 94.0% - not sold in the US, 190 W platform uncommon. Second - Risen Energy, SYP190S @ 93.8% - not sold in the US, 190 W platform uncommon. Third - ET Solar, ET-M660WW @ 93.4% - 60-cell, 250 W, common platform, available world-wide

Poly Excluding availability & platform/application, ET Solar ET-P660WW reached 92.2% and ranked #2!

#1 had 1% more PR (more expensive, limited capacity)

ET Solar Generates More Power

• Comparisons between– Data Sheets (ALL)– PAN Files where available (ET, Astronergy)– Photon Lab Data (2013)

ET Solar Generates More Revenue Grade Power

• 1 MW, Los Angeles, 250 W Modules• 3%/Yr Electricity rate escalator• 0.5%/Yr Degradation• PV Syst generated data (PAN Files & Data Sheets)

WHY ET – Solutions & Services

Complete Solutions

Top Quality Manufacturing

Leading PV Industry

focus across the chain and

for continuous expansion of EPC

segment

Cost-efficient turn-key system solutions & services to partners and specialized PV investors

WHY ET – Total transparency on quality, our commitment

2012 quality check points increased from 173 to 379 since 2008

100% Visual check 100% Electrical test 100% EoL test

Outdoor test by

Quality management Factory audit Third party test

Certification

WHY ET – HIGHLY BANKABLE

ET Solar modules are also bankable at many other leading banks

And the list is growing …

Global Tier 1 PV company rated by

ET PERFORMANCE

Financial Growth 2010-2012

Shipments 2008-2013E

Unit: Mln USD

Unit: MW

ET PERFORMANCE - References

• May 2011• Size: 3.3 MWp

Chignolo PO, Italy

• June 2012• Size: 5 MWp• Financing bank: Saar LB

Tirepied, France Carbuniesti I&II, Gorj, Romania• To be commissioned June 2013• Size: 20 MWp

• December 2012• Size: 7.5 MWp

Port Allen, Kauai, USA

• Europe

• North America


Denver, CO, USA

• Asia


North East Victoria, Australia • December

2012• Size: 15 MWp

Anhui, China

Rätzlingen, Germany • June 2012• Size: 11.2 MWp• Financing bank: Deutsche

Kreditbank

More references at www.etsolar.com

Reference Project

Installer: FLS EnergyLocation: North Carolina, USASystem size: 21 MWpSystem Type: Utility

“We very much enjoy our cooperation with ET Solar that provides high quality products, excellent service, and strong technical expertise …with such a trusted business partner, we are very confident with continuing to expand our business strongly in the region.”

Chris Dunbar, Vice President and COO of FLS Energy.

Reference Project

Installer: Strata SolarLocation: North Carolina, USASystem size: 23 MWpSystem Type: Utility

“ET Solar is providing these Strata projects with quality product and excellent value, ” “We selected ET Solar for their competitive price and high-efficiency solar modules. Moreover, we benefit from ET Solar's outstanding customer services where for example their New Jersey office gives immediate feedback to our questions.”

Markus Wilhelm, CEO Strata Solar.

Reference Project

Project: Harvard Business SchoolInstaller: Solect EnergyLocation: Boston, MASystem size: 320 modules, 80kWSystem Type: Commercial Rooftop

“The project’s complexity included a multi-tiered roof with many mechanical units and attachments resulting in shading on various parts of the arrays throughout the day. The AC solar panel solution was an ideal fit to deliver maximum system production and efficiency.”

Scott Howe, Partner, Solect Energy

Reference Project

Installer: NextEnergySolarLocation: Bay Area, CAModule Manufacturer: ETSolarSystem Size: 60 modulesSystem Type: GroundSystem Size: 15kWServes 70% of customer’s electricity needs

“We are all looking for a product with easier installation, reliability, and higher performance. This AC module with a full 25 year replacement warranty is a selling driver. ET is on the cutting edge at the right price. After installing the ET660250BAC module my company is seeing a profit and my customers are smiling too”, Randy Kauffman, CEO NextEnergy

Reference Project

Installer: Solar Energy SolutionsLocation: Wisconsin Rapids, WIModule Manufacturer: ETSolarSystem Size: 27 modules, 6.75kWSystem Type: Residential Roof

"The end-customer is extremely pleased with performance so far. And with subzero temperatures we saw an AC performance high of 6,203.30 kW which is 92% of our installed DC capacity, even with a terrible sun angle this time of year.“

Brandon Magsam, Co-Founder of SES Solar

› 2012 by Samuel Engineering

› 2.3MW with 7600 300W PV modules

› ET-P672 solar modules

› Samuel Engineering financed and owns the project.

› Dave Thorn/ Project Manager

› 303.567.7623 (P)

› [email protected]

Colorado, USA

Reference Project

mailto:[email protected]

› 2011

› 17.49 rooftop system


Woodbine, NJ

› 2011 Brite Idea Energy

› 238.28KW rooftop system


› Jennifer Washburn

› 866-524-8556


Ocean City, NJ

Reference Project

› Dec 2011

› 245.1KW rooftop system


Millville, NJ

Newark, NJ› 2009 by ALM

› 910 KW rooftop and canopy system


› Pat J. Ruccio /President

› 973-402-2211


Reference Project

› 2012 by Turning Mill Energy

› 661KW ground mount + Canopy system


› Tony Johnson/Vice President

› 508-888-4383 (O)


› Bank Reference:

› Andrew F. Eldridge /Senior Vice President and Commercial Lending Officer

› Phone: 508.568.1218


Cape Cod, MA

Reference Project


› 2011

› 409KW rooftop system


Harlysville, PA› 2011 by Tecta Solar

› 510KW rooftop system


› Jay Levin/Director of Operation

› 267-337-6595


Lansdale PA

Reference Project


Reference Project

› 2012 by Solect

› 1MW ground mount system


› Kenneth Driscoll/President

› 508-598-3511 (O)


Southborough, MA

› 2012

› 475 kW rooftop system


Northborough, MA

› 2012 by JKB Energy

› 1MW and 0.7MW, total 1.7MW system


› Financed by American Agricultural Credit http://www.agloan.com/

› Jayson Moser / VP of Design and Procurement


› 209.668.5303 office

California

Reference Project

http://www.agloan.com/


Thank You!

ET Solar – US Organization Structure

Et solar company presentation february 2014

Technology

Transcript of Et solar company presentation february 2014