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Investor Presentation HANERGY THIN FILM POWER GROUP LIMITED 漢能薄膜發電集團有限公司 (STOCK CODE: 566HK) Investor Presentation 2015年5月 Strictly Private and Confidential © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Agenda I. Company Overview II. Applications of Thin Film Technology III. Thin Film Technology and Production Line IV. Financial Overview 2 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Who We Are Hanergy Thin Film Power(566.HK)is one of the world’s leading thin film power enterprises •Upstream：Silicon-based (a-Si & nc-Si), Copper Indium Gallium Selenide(CIGS) and Gallium Arsenide (GaAs) thin film turnkey line provider •Midstream：Thin film PV module maker •Downstream: Engage in thin film projects and application products, such as ground-mounted power stations, BIPV projects, household power generation projects, agricultural application and generic products etc 3 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Value Chain Difference between “Thin film” & “Crystalline silicon” Our Business Thin film technology Crystalline silicon technology Upstream Turnkey production line Crystalline silicon Midstream Glass-to-glass module Flexible module Transparent module Crystalline silicon module Ground mounted Curved rooftop Ground-mounted power station Downstream power station Transparent BIPV Rooftop power station （Without flexibility, transparency and light-weight, crystalline silicon module is hard to be applied in many areas Various application Products 4 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Highly Recognized in Capital Market （HKD） Stock Price 9 8 Hang Seng Composite MidCap Index 7 6 5 MSCI China Index 4 3 2 FTSE HK Index 1 0 2/1/2014 2/3/2014 2/5/2014 2/7/2014 2/9/2014 2/11/2014 2/1/2015 2/3/2015 2/5/2015 Mainland investors can trade Hanergy TFP（566. HK） stocks through“Shanghai-Hong Kong Stock Connect (SHSC)” 5 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Executive Directors Executive Directors Mr. Li Hejun • Chairman of Hanergy Thin Film Power Group Limited • Founder, Chairman and Chief Executive Officer (CEO) of Hanergy Holdings • Member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) • Vice Chairman of All-China Federation of Industry and Commerce • President of China New Energy Chamber of Commerce Mr. Dai, Frank Dr. Feng Dianbo Mr. Liu Min Dr. Lam Yat Ming, Mr. Chen Li Mr. Li Guangmin Mingfang (Deputy (Deputy Chairman) (Deputy Chairman) Eddie, CFA, CFP (Executive Vice (Financial Chairman and CEO) • Experience in • Experience in (Finance Director President) Controller) • Extensive business and financial and Senior Vice • Experience in • Over 10 years of experience in investment management, President) financial, risk experiences in asset restructuring, management project • Extensive experience in management and finance and accounting M&A, international • Doctorate degree investments, banking and financing arranging finance financing and in Institutional market • Post-doctorate from • Executive Shanghai Jiaotong • MBA from the development of PV Economics from development and Controller of University University of Financial business Jilin University business • Doctor Degree from International management center • EMBA from (China) operations Chinese University of Business and of Hanergy University of Texas • Executive Hong Kong • Executive Economics (China) Holdings (U.S.) President of President of • Worked at various • Senior Vice • Executive Vice Hanergy Holding Hanergy Holding financial institutions • Research team advisor President of Hanergy President of of Korean Government, Holding Hanergy Holding Shanghai Futures Exchange and Countrywide Financial Corp. 6 6 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Agenda I. Company Overview III. Applications of Thin Film Technology II. Thin Film Technology and Production Line IV. Financial Overview 7 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Great Potential of the Chinese PV Market Market forecast Subsidy for distributed generation PV Project ¥0.42/kW‧h In March 2015, National Energy Administration Period for 20 years (NEA), released the official 50% 50% solar PV installation target for 2015 of 17.8GW Feed-in-Tariff scheme for ground-mounted PV Station /kW‧h Distribute Generation ¥0.90、0.95、1.00 Ground-mounted power station Period for 20 years Accumulated PV installed capacity targeted at 70GW in 2017 Encourage Local Governments to develop its own subsidized policies on top of those offered by the Central Government 8 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Downstream Power Generation Business — 8 newly established business units 8 Key Business Units Household Agricultural Automobile Generic Commercial Power Electronics Specialty BIPV Applications Applications Products Unmanned Generation BU Products BU BU BU BU BU Drones BU BU We have established the Product Development Group in Silicon Valley, USA, collaborating with our Beijing Product Development Center 9 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application I - BIPV APEC Conference Center (2014) Hanergy Headquarter BIPV Curtain Wall in Jiangsu BIPV Solution Provider – design, R&D, manufacture, system integration, installation and operation Focus on the use of colorful and/or partially-transparent thin film modules which are integrated with building materials such that solar power can be generated as part of the overall building design 10 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application II – Household Power Generation Installation on Rooftop Our PV Systems Entering into Europe through IKEA Residential Power Generation Solution One-stop renewable energy solution provider, we offer customized service from design, installation, to grid-connection. Modules with flexibility, light-weight and size adjustability characteristics are suitable for all kinds of rooftops We have launched the sale of the Hanergy residential thin film power system in IKEA stores in Britain, Netherland and Switzerland in 2014. We are the first independent third party agent supplying its own branded goods within IKEA stores. In 2014, around 2,000 sets of residential thin film power systems have been sold in Europe’s IKEA stores. We plan to enter other EU countries including Germany, Spain, Italy and France 11 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application III – Agricultural Applications BIPV on Greenhouse There is great potential in the distributed PV power generation within the agricultural industry The translucent thin film back electrode module is the only PV module product that can satisfy the light requirements of agricultural crops. Our modules have the ability to absorb only visible lights in violet, blue and green, allowing red and infrared lights to be absorbed, which are essential components for plant growth and satisfies the needs of plant photosynthesis 12 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application IV – Automobile Applications Applying Thin Film Power Technologies in Air Fully Solar-powered Sightseeing Vehicle Conditioning System of Aston Martin Racing Cars Our thin film modules with characteristics of flexibility, light-weight can be widely used for car roofs, car sunroofs and vehicle charging systems Fully Solar-powered Dining Car 13 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application IV – Fully solar-powered automobiles Fully Solar-powered Automobiles（Artistic Image） • Cooperate with foreign and domestic automobile design entities to develop fully solar-powered vehicles • Integrate a 6 m² GaAs soft thin film solar module into each vehicle • Expect to launch solar-powered cars this year 14 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application V：Electronics With the high conversion efficiency of our thin film modules and the further development of flexible thin film products, the demand of portable and wearable solar retail products will be revolutionary in the further market 15 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application VI – Generic Products Hanergy Solar Backpack Hanergy Solar Tent Hanergy Solar Rapid Deployment System Good low-light performance Cells can be attached to fabrics, backpacks, on or in the containers, providing a constant supply of green power 16 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application VII – Specialty Products Solar Satellite Solar Satellite Can be used on satellites, space exploration, with targeted customers and high profit margins Our GaAs technology has huge application potential in this area in the future 17 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. Application VIII – Commercial Unmanned Drones Solar Drone Solar Drone Our modules can be used on drones within relatively centralized customer groups and high profit margins Market of huge potential in the next 3 years 18 © 2015 Hanergy Thin Film Power Group Limited. All Right Reserved. 2014 Downstream Business Progress Ground-mounted PV Power Station Distributed PV 2014 Sold: projects IKEA Europe On-grid projects: 180MW Sold in 2014: Under construction: Approximately 37 MW Around 2,000 469 MW Under construction: Filed projects: Approximately 67 MW sets of solar Approximately 370MW Filed projects: power systems Proposed Projects: Approximately 36MW for home-use Approximately 300MW Stores for Vehicles Hanergy Online
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