Our Vision: Smart Power to Innovate a Renewable Greener World

Solar | Roofing | Battery Storage | EV | EV Charger

INVESTOR PRESENTATION | MAY, 2021 FORWARD LOOKING STATEMENTS

This presentation contains certain “forward-looking statements” relating to the business of the Company, its subsidiaries and the industries the Company operates in. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions. The forward-looking statements contained in this presentation include statements regarding the Company’s ability to execute its growth plan and meet revenue and sales estimates, and market acceptance of its products and services. These statements involve known and unknown risks and uncertainties, including, but not limited to, general business conditions, managing growth, and political, regulatory and other risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.

PAGE 2 COMPANY OVERVIEW

NASDAQ TICKER: SPI SPI Energy is a renewable energy holding company delivering Fiscal Year December competitive, clean energy solutions to customers across the world for more Industry Renewable Energy than 16 years. We operate in five Recent Price $6.73 business segments: Market Cap $160.6M Shares Out. 23.9M 1. Renewable energy system solutions for residential and small commercial markets Float 16.1M (Solarjuice subsidiary) Avg. Volume (90-day) 827,377 2. Renewable energy project development, Revenue (ttm) $138.6M design, build & transfer Gross Profit (ttm) $16.9M 3. Utility & Commercial Renewable energy Cash (mrq) $38.9M independent power production (IPP) Debt (mrq) $6.3M 4. Smart EV & EV charger solution 5. Other renewable energy related investments As of April 30, 2021 | spigroups.com

PAGE 3 OUR BUSINESS

SPI covers Solar, Storage, and EV. A Full Chain of Renewable Energy Products for Commercial, Utility and Residential markets.

SOLAR STORAGE EV

SPI Solar Orange Power ZBB/Meineng Storage Phoenix Motorcars

UTILITY & • Solar & Storage Project Development • Renewable Energy • Storage Technology • EV Shuttle Bus • Design, Build & Transfer • Independent Power • Storage System solution • EV Truck COMMERCIAL Production provider • Commercial EV Charger

SOLAR & STORAGE EV

Solar+Storage Solutions to Phoenix Motorcars Residentials & Small Commercials • Smart Home EV Charger RESIDENTIAL

PAGE 4 INVESTMENT HIGHLIGHTS

1. Well Positioned in Fast Growing 5. SPI Subsidiaries, Phoenix Motorcars, (EV) and Renewable SolarJuice & Orange Power are Ready to Energy Market IPO, with SPI Retaining Controlling Ownership. Growing to a Renewable 2. Proven Record of Delivering Renewable Energy Holding Group. Energy Solutions to Global Market for 16 years 6. Leading Renewable Energy Solution Provider for Residential Market in 3. Leading Manufacturer of Medium- Australia Duty EV Bus & Trucks, made in California with 2.3 million+ miles of 7. Strong, Experienced International on-road experience Management Team 4. Strong Revenue Base and Trend Towards 8. Trading at Significant Discount vs. Peer Near-Term and Long-Term Profitability Group Multiples

PAGE 5 SMART HOME ENERGY SOLUTIONS

End to end clean energy solutions for residential and small commercial

• Hardware & Software Design • Kits & Components Distribution AMWAY CENTER, FL AVAYA STADIUM, FL MARLINS STADIUM, FL • Consumer Sales & Service • Builder/Manufacturer Installation

Whole value chain expertise for low cost high performance.

PAGE 6 FT BRAGG AQUATIC CENTER, CA UC MERCED, CA LIVERMORE OUTLETS, CA RENEWABLE ENERGY SOLUTION FOR RESIDENTIAL

600+ MW PANELS Leading provider of solar and 5,000+ clean energy products and B2B ACCOUNTS 1,400+ MW INVERTERS solutions in the Pacific region: 700 ACTIVE 40+ CUSTOMERS MW BATTERIES

Gained significant 5,000+ B2B Delivered 600+ market share in accounts since MW Panels, Australia since established and 1400+MW launch in 2009 700 active Inverters, and customers ordering 40+MW Batteries monthly

PAGE 7 SOLAR4AMERICA – THE HISTORY 1 MILLON+ ROOFS INSTALLED EST. 1984

Petersen-Dean 26,000+ • At its peak largest residential roofing company SOLAR SYSTEMS INSTALLED LAUNCHED SOLAR 2008 in the US

• Leading solar installer in CA and other markets $345 MILLION in sales in FY2019 • Hard-hit by Covid and filed for bankruptcy in Operation in 5 STATES Jun/2020 • Solarjuice purchased substantially all Petersen-Dean operating assets in Feb/2021

PAGE 8 Decades of Roofing Expertise SOLAR4AMERICA – THE VALUE

• Brand equity: Recognized brand in CA and throughout the United States • Installation expertise: no other solar Offering Today installers know the roof as well. One of Australia the leading renewable energy United States companies awarded the PDI installation Assembly Bill California Nevada No. 178 contract despite bankruptcy. Now the Colorado Texas contract expands into all 5 markets. AB-178 Florida • Favorable policy environment: CA mandate Offering Tomorrow on homebuilders to pre-install solar systems from 2020 + New Zealand & Pacific Region • Positioned in future growth markets: All 50 States Through Franchise TX/ FL/ CO/ NV Caribbean & Other America PAGE 9 Market Through Distribution INNOVATIONS MEET THE MARKET

Research and Product Development HISTORY OF INNOVATIONS

2015 OpalSolar products released (Australia) 2017 OpalStorage product line released (Australia) Livermore, CA, USA 2017 Solar4America notched polymer roofing batten with measured detachable sections patented 2021 Solar4America solar module & energy storage Sydney, Australia system (USA) 2021 Cloud based hardware monitor and maintenance platform

PAGE 10 OpalSolar • The panels are produced by ISO 9001 and ISO 14001 certified facilities. AUSTRALIA • Back-to-back warranty agreements provide peace of mind.

The Opal family of clean energy products: Opal Switch • Tier 1 manufacturers Advanced Battery • Proprietary Design Energy Opal Switch offers single phase • Independent Quality inverters, for smaller Control & independent residential users. It is a complete package that factory acceptance testing is small, lightweight with a maximum • Local technical support performance efficiency in Australia of 98.2%

PAGE 11 RESIDENTIAL SOLAR MODULE

• 9BB half-cut cell technology • Significantly lower the risk of hot spot S4A-360 • Excellent Anti-PID performance 2 times of industry standard 120 Half-Cell • No water-permeability and high 9bb Half-cut Mono PERC wear-resistance, can be widely used Full Black in high-humid, windy and dusty area 360W • IP68 junction box with high waterproof level

PAGE 12 San Jose Earthquakes Sponsorship San Jose Earthquakes Avaya Stadium Solar Array SELF DESIGNED STORAGE BATTERY PRODUCTS

S4A Australia’s Favorite S4A-HYBRID Energy Storage OpalStorage Energy Storage System for Commercials System For Residentials

• Advanced Battery Energy • Fully certified for US market • The S4A-HYBRID is designed • Highly reliable BMS designed Storage (BESS+) • 80KWH and 30KW DC and AC hybrid working mode • Certified and comply with • Designed by Solarjuice capacity highly • Intelligent remote monitoring latest CA rule 21 smart grid integrated all-in-one system and maintenance requirements • Highly integrated design includes battery, BMS, inverter • AC coupled for fast installation • 2, 3 or 4 MPPT per inverter • Modular BMS design for easy in cabinet, solar array DC switch • Max Efficiency up to 98.24% capacity expansion. etc.

PAGE 13 CLOUD BASED RESIDENTIAL ENERGY SOLUTIONS SOFTWARE SERVICE Smart Meter Management Service

Desktop Mobile

INVERTER ANALYSIS

REAL TIME DISPLAY

PAGE 14 BATTERY ANALYSIS WE ARE EVOLVING

From Installation & Distribution to a Smart Energy Home Solution Provider

Roofing Solar Battery EV Charger Software Hardware Monitoring Standardized Kit Franchise & World Dealership

Solar Roof Storage ❯ One Time Transaction ❯ Inhouse Sales & Installation ❯ OEM Products Long-term Energy Management Services Franchise & Dealership Model ❯ Quick Expansion into New Markets

PAGE 15 COMMERCIAL & UTILITY SOLAR STORAGE PROJECT DEVELOPMENT

Data Strategy & Collection & Detail, and Financing & Operation & Opportunity Planning & Construction Transfer Assessment Development

PAGE 16 INTRODUCTION OF SPI SOLAR

SPI Solar (Solar Power Inc.) started business in Sacramento, CA in 2006 Focused on development, engineering, procurement, construction, and transferring of utility & distributed solar power plants, micro-grids, energy storage, and customized sustainable energy solutions. Delivered some of the most recognizable solar PV projects in the world, namely Sacramento King Stadium and Staples Center Established a long term relationships with leading component suppliers / EPCs to achieve best “price- to-performance” for our customers. Our Aerojet project was selected by then California Governor Arnold Schwarzenegger to serve as a backdrop for a press conference where the Governor signed an executive PAGE 17 order calling for 33% of California’s energy to be derived from renewable sources. HIGH-PROFILE SOLAR STORAGE PROJECT DEVELOPMENT

731kW California ISO, Folsom, CA 0.53MW in New Jersey, NJ 0.71MW in Sacramento, CA 0.51MW in Los Angeles, CA

7.8MW in Palm Springs, CA 4.9MW in White Rose, CA 1.75MW Temescal Canyon RV 1.8MW BPUSD Series Project, CA Temescal, CA

158 kW 20th Century Fox

PAGE 18 Los Angeles, CA 6.35MW in Japan 5.88MW in Italy 47.73MW in UK SOLAR & STORAGE MARKET PLANNED

OPERATING

Solar PV generation increased 22% (+131 TWh) in 2019 and represented the second-largest absolute generation growth of all renewable technologies. As competitiveness continues to 620,242 MW of Solar improve, solar PV is still on track to 55,300 MW of Storage reach the levels envisioned in the IAE’s Sustainable Development Scenario, which will require average 10,000,000 MW of Solar annual growth of 15% between 765,155 MW of Storage 2019 and 2030.

PAGE 19 SOURCE: IAE World Energy Outlook (October 2020) SOLAR STORAGE PROJECT DEVELOPMENT PIPELINE

Hawaii: Tranche 1 Projects (Total 6.9MW) Hawaii: Tranche II Projects (Total 4.7MW) Hawaii: Tranche III Projects Oregon: Community Solar (Total 10.27MW)

• 18MW-DC portfolio in Greater Portland Area. • Community Solar allows homeowners and businesses to subscribe to an offsite solar farm for their electricity.

Massachusetts: Energy Storage Project MA Lovers Lane (6.5 MW) solar photovoltaic (PV) and 5.45 MWh energy storage project in Massachusetts

PAGE 20 ORANGE POWER INTRODUCTION

Sell Energy

Power Grid • Initial focus on European and U.S. Independent Power markets. Producer (IPP) • Target markets feature established and relatively stable regulatory environments for solar. • Over $100M of equity invested in these projects • Consistently stable electricity sale cash flow • Plan to spinoff Orange Power subsidiary in IPO

PAGE 21 ORANGE POWER VALUE CHAIN

Independent Power Producer (IPP) Core Business Our Mission Own and operate a portfolio Support clean, renewable of distributed energy energy sources while resources (DER) including providing customers with solar photovoltaics and flexible solutions and returns storage. to investors.

Stability Growth Utilize long-term contracts, Acquire solar projects in called Power Purchase various stages of development Agreements (PPAs) to sell and construction to increase energy to credit-worthy off- the asset base and drive takers, resulting in stable growth. and predictable cash flows.

PAGE 22 ORANGE POWER BUSINESS

Development Production Consumption

Planning Acquisition Distribution

Development Operation Consumption

Electricity End Customer Construction Production & Sale Servicing

Utilities, Commercial & and Others Industrial (C&I)

PAGE 23 ORANGE POWER PROJECTS

Attributable Ground/ Country Project name Connection date FIT terms capacity (MW) Rooftop

Greece HELIOSTIXIO SA 1.082 Ground September 2012 EUR0.215/kWh Greece HELIOHRISI SA 1.988 Ground June 2012 EUR0.215/KWh EUR 0.215/KWh for the 3.4MW Greece THERMI SUN SA 4.400 Ground June 2012 and EUR 0.25/KWh for the In 0.7MW Operation Japan Ibaraki 0.2744 Ground December 2014 JPY36/kWh Italy ItalsolarS.r.l. 0.993 Ground December 2009 EUR0.325/kWh U.K. Cairnhill Solarfield Limited 3.0906 Ground February 2016 1.3 ROCs Emotion energy Solar One U.K. 4.971 Ground March 2016 1.3 ROCs Limited Total 16.8

Attributable Scheduled Country Ground/Rooftop FIT terms capacity (MW) Connection date

<500kW: Current US 0.71 Ground 2021 Pipeline $0.238/kWh >500kW: US 1.8 Ground 2022 $0.236/kWh US 11.77 Ground 2021 N/P US 5.67 Ground 2022 N/P FUTURE TARGET PIPELINE US 420 Ground 2023-2025 N/P

PAGE 24 Total 439.95 EXISTING PROJECTS AND CURRENT PROJECT PIPELINE

THERMI SUN SA, GREECE – 4.4MW Italy 1 Project Oregon 1.0 MW 6 Projects 17.5 MW U.K. 2 Projects Japan 8.1 MW 1 Project 0.3 MW MASSERIA SIERO STINGE, LATERZA – 0.993 MW Hawaii (future target pipeline) Greece 12 Projects 29 Projects U.S.A. 7.47 MW 12.2 MW Timeframe: 2023-2025 30 Projects 420.0 MW

In Operation (16.8 MW) Current Pipeline (29.7 MW)

PAGE 25 TURIFF, ABERDEENSHIRE, AB53 - 3.09 MW EV SOLUTION BUSINESS – PHOENIX MOTORCARS

• Phoenix Motorcars (“Phoenix”) is an electric drivetrain manufacturer for medium-duty commercial vehicles • Final Stage manufacturer integrating its electric drive trains into new commercial vehicle chassis • 2.3 million+ miles of on-road experience and the most deployments in its class • Phoenix has built a trusted EV brand for the medium-duty commercial market

American-made with the majority of key components sourced locally and with final assembly in California

PAGE 26 EV SOLUTION BUSINESS – PHOENIX MOTORCARS

• Phoenix Motorcars is dedicated to accelerating the adoption of clean transportation through advanced technology solutions, while making the planet a better place

• Phoenix is one of the largest manufacturers of medium duty electric vehicles in the US, with customers across a wide range of applications including cities, transit agencies, airports, campuses and other commercial fleets

• Provide EV charger AC/DC solutions with a competitive package

• Phoenix assists customers with all their clean energy requirements including infrastructure, solar solutions and clean energy financing PAGE 27 HISTORY OF INNOVATION & EXECUTION | KEY MILESTONES

Q2 Q1 Won the US EPA-SCAQMD grant to Founded in 2003 and headquartered in deploy 29 all-electric shuttle buses across 4 2003 Ontario, CA 2018 key airports in Southern California

Q2 Developing cutting edge zero emission Q2 Marketing launch of 2nd gen. High Power Drive 2010 drivetrains for medium duty vehicles 2018 System for Ford E-450 chassis

Signed strategic partnership with Inc. and Q4 1st customer delivery of ZEUS 300 Q4 Creative Bus Sales to be exclusive supplier of drivetrains 2014 electric shuttle to the LA Air Force Base 2018 for all-electric Starcraft buses built on the Ford E-450 chassis

Q2 1st all-electric bus deployed at NASA’s Q1 Deployment of 2nd gen. High Power Drive System 2015 Jet Propulsion Laboratory 2019 with 3 deliveries to Park&Zoom in Austin, TX

Q1 1st all-electric work truck delivered 2019 Record deliveries in 2019 2016 to City of Irvine Completed 2.3+ million all-electric miles Q2-Q4 1st all-electric fleet deployed at LAX Q2 Secured FTA AIM Grant for Autonomous Shuttle 2016 Wally Park parking complex 2020 Secured DOE Grants for Shuttle Bus & Trucks Deployments in Tennessee / Texas

Q4 1st all-electric Dial-a-Ride deployed Q4 Acquired by SPI Energy subsidiary EdisonFuture PAGE 28 2017 in City of South Pasadena 2020 EV SOLUTION BUSINESS – PHOENIX MOTORCARS

Product Portfolio • Leading manufacturer of all-electric zero emission medium duty vehicles built in the US • Built on the Ford E-450 chassis, Phoenix offers a wide range of products including shuttle buses, utility trucks, service trucks, flatbed trucks, walk-in vans, cargo trucks and school buses Our Fleet of EV’s • American-made and Buy America Compliant with Over 2.3 million zero emission miles, reducing majority of key components sourced locally and 6.6+ million pounds of carbon emissions, final assembly in California equivalent to 3,400+ acres of carbon sequestering forest and saving over $1.2 million in fuel costs for customers

PAGE 29 OUR ELECTRIC DRIVE SYSTEMS

Lower Cost of Ownership Quieter, Smoother Ride Emission Reduction Improved Performance

• Cost per mile of $0.12 vs. • Interior noise levels reduced • 61 Metric Tons of CO2 • Modular battery packs $0.54 & $0.73 for an by at least 10 dB when reduction annually over offering up to 160 mile equivalent CNG & gas bus, compared to equivalent gas equivalent Gas vehicles along range respectively vehicles NOx and particle matter • Dual charging with Level II & reduction • Lower maintenance costs • No gear shifts Level III capability • Equivalent to carbon • Dual-mode regenerative sequestered by 1,009 tree braking system seedlings grown for 10 years • GVWR 14,500 lbs.

PAGE 30 OUR PRODUCTS ZEUS 500 – Options EZ ZEUS – Autonomous Electric Shuttle ZEUS 400 – Electric Shuttle Bus ZEUS 600 – Electric Type A School Bus

Electric Shuttle Bus Configuration Options § Perimeter seating Parcel / Cargo Truck Flatbed Truck Short Roof - Utility Truck § Forward facing seats § ADA wheelchair access § Luggage racks § All accessories available on ICE shuttles

Electric Type A School Bus Configuration Options Service Truck Box Truck High Roof - Utility Truck § MFSAB § Interior and exterior camera system § Integrated child booster seats Custom Bodies & § GPS Accessories § WIFI for passengers

OUR CUSTOMERS

OUR PARTNERSHIPS

PAGE 31 EV CHARGING SOLUTIONS

Product Portfolio Level III DC Charger BTC Power – CHAdeMO DC • Level II AC Charger Clipper Creek – CS-100 J1772 AC Dual Port Fast Charger Single Port Charger • Dual Port – CHAdeMO and CCS • Single Port J1772 standard • Input Power: 480 VAC or 208 VAC, 3-Phase • Input Voltage: 208V AC Single Phase • Nominal Output DC Voltage: Up to 125 Amps @ 400 V • Output Power: 80 Amps 13 kW • Charge from 20-60% in ~ 1 Hour

PAGE 32 GROWTH OPPORTUNITY FOR EV

Significant Market Opportunity

Targeted Medium Duty US Sales Forecast

Rapid Growth in EV Penetration of the Medium Duty (Class 4-6) Market

EV penetration for this segment will reach 16% by 2030

Source: IHS Market Data, Phoenix Management Estimate, Bloomberg New Energy Outlook PAGE 33 VISION FOR MEDIUM - DUTY ZERO 2021 & BEYOND EMISSION TRANSPORTATION MARKET

A Mix Of Legacy Chassis & Ground Up EV Centric Designs

Preferred by Transit Agencies, School Buses, Utility Truck Large Fleet Deployments: Fleets and Custom • Selected by one of the largest truck fleets in the US to develop Truck Bodies Short Term – Integrators and integrate electric drivetrains for their trucks • Working closely with large fleets to enable their transition to zero emission vehicles Autonomous E-450 Shuttle Bus: • Awarded FTA grant to develop a Level 4 Autonomous all-electric shuttle bus in partnership with a leading AV technology company Medium Term Gliders / New Products: Development of New Drivetrains: In Line Production • Develop drivetrains for other Class 4, 5 & 6 chassis Develop Own Chassis / Ground-up Products:

Preferred by Collaboration with Global OEMs for New EV Launches in the US Market: Last Mile Delivery Delivery Fleet Deployment: Fleets & Few • Phoenix is working with various large last-mile delivery and Shuttle Fleets service fleets to help them switch to zero emission trucks

Long Term - Ground Up Designs PAGE 34 ACCOMPLISHED MANAGEMENT TEAM

Denton Peng Hoong KhoengCheong Chris Wang Chairman & CEO COO SVP of Finance

§ One of the Pioneers & Entrepreneurs § Ex-Chairman of the Management § Mr. Chris Wang, SVP of Finance, has in Renewable Energy industry from Board and Chief Executive Officer been CEO of Redwood Group early 2000 of a publicly- listed company International since 2017 and senior partner of SAIF Xinhuihuang Asset § Lead several companies going public § 30 years of engineering and Management Co., Ltd since 2018. in NYSE & Nasdaq over his career operation experience in the solar and electronics industries § Served as the President and CFO of § 20 years of Renewable Energy Fushi Copperweld, Inc from 2005 to industry experience in solar, battery § Master of Science in computer 2016 and CFO of Fushi Copperweld. storage, EV and EV charging integrated manufacturing from Nanyang Technological University, § Bachelor’s in English from the § Graduated from Beijing University Singapore University of Science and Technology Guanghua School of Management Beijing and MBA in Finance and with an executive MBA degree Corporate Accounting from University of Rochester.

PAGE 35 ACCOMPLISHED MANAGEMENT TEAM

Rami Fedda (Australia) Joe Mitchell Andrew Burgess (Australia) CEO of Phoenix Motorcars Chief Supply Chain Officer of SolarJuice

§ Started Solar career in 1998 § Started Solar career in 1997 with with Solarex in sales, which later Solarex & BP Solar. Worked in § 30 years of merged with BP Solar. manufacturing, planning, raw experience includes 20 years material sales and global Worked in BP Solar for more directly in the EV market. He § procurement. started his career with Ford than a decade. Motor Company of Canada in § In 2007 established trading § cade in sales profile. Operations and Quality. company to supply silicon material to wafer and cell manufactures. § In 2015, he took over as § Co-founder of Solarjuice in 2009. President and CEO of UQM and § Specializes in Handling Sales, § Co-founder of Solarjuice in 2009. led the company to win a number Stock Movement, Contracts and § Managing Supplier Relationships of major commercial EV Supply management contracts globally. and Marketing activities

Jack Lee (Singapore) Kevin White Vassilis Orfanos (Greece) Vice President of Global VP of Solar Development Vice President of European Project Development Assets Management § 12+ years of Management § Jack has vast experience in various Experience in Renewable § October 1996 - August 2011, industries especially in electrical and Energy Industry Technical Consultant of the infrastructure for the last 25 years. Chairman and Maintenance § Formerly responsible for M&A and Manager at Th. Vassilakis Group of § Experienced manager in energy, EPC for Panasonic’s Eco Solutions companies (AEGEAN Airlines, industry infrastructure project/ § Oversaw $900MM+ of renewable HERTZ, SEAT, SAAB, OPEL, FORD). maintenance and solar PV energy generating projects that construction. § January 2012 - today, Construction have been placed-in service across and Operation Management of § Well-versed in project transaction the US since 2010 SPI in Greece, managing 34MWp with numerous successful deals and § MBA w/a focus in Renewable Energy solar projects PAGE 36 project financing in Southeast Asia, the UK and the US. KEY FINANCIALS

Revenue Gross Margin Year Ended Dec. 31 Year End Dec. 31 $300 $15,000 12.2% 13% 8.8% $200 $220 * $10,000 8% 7.3%* $100 $126 $138 $98* $5,0005% $0 2018 2019 2020 2021 0%$0 2018 2019 2020 Operating Income Net Profit Year Ended Dec. 31 Year Ended Dec. 31

$5 $0.1 $0 $0 -$5 -$5 -$2.9 -$10 -$6.5* -$10 -$15 -$12 -$15 -$19.1* -$15* -$20 -$20 2018 2019 2020 -$25 2018 2019 2020 *Revenue guidance of $200M to $240M for 2021 Note: • SPI completed the disposition of China business on Dec 10, 2018 • Net profit in 2020 includes a $5.4 million foreign exchange loss and one-time legal and litigation expense responsible due to

PAGE 37 Sinsin litigation of $1.6 million INCOME STATEMENTS

2018 2019 2020 Consolidated Statements of Operations Data ($ in thousands, except share and per sharedata)

Revenue 125,582 97,883 138,628 Total cost 114,525 90,693 121,773 Gross profit 11,057 7,190 16,855 Total operating expenses 14,009 26,361 16,764 Operating income (loss) -2,952 -19,171 91 Total other income (expense) -2,853 4,115 -5,898 Loss from continuing operations before income taxes -5,805 -15,056 -5,807 Income taxes expense 332 92 458 Loss from continuing operations -6,137 -15,148 -6,265 Loss from discontinued operations, net of tax -6,122 - - Net loss -12,259 -15,148 -6,265 Net loss per common share: Basic and Diluted -1.7 -1.20 -0.4

PAGE 38 BALANCE SHEET

Consolidated Statements of Operations Data ($ in thousands) 2018 2019 2020

Assets Total Cash 4,141 2,764 39,782* Total Current Assets 73,883 56,489 79,315 Net property, plant and equipment 21,150 31,783 32,802 Total non-current assets 114,845 122,354 137,718 Total Assets 188,728 178,853 217,033 Liabilities & Equity Total Current Liabilities 166,531 170,017 151,560 Total non-current liabilities 22,127 14,311 17,087 Total stockholders’ equity -3,921 -8,184 45,257 Total liabilities and Equity 188,728 178,853 217,033

* Cash does not reflect approx. $18.1M raised in Q1/2021

PAGE 39 SPI ENERGY CO., LTD. US Operation Headquarter 4677 Old Ironside Drive, Suite 190 (NASDAQ GS: SPI) Santa Clara, CA 95054 www.spigroups.com

INVESTOR PRESENTATION Investor Contact Dave Gentry, CEO RedChip Companies 407-491-4498 [email protected]