YINGLI GREEN ENERGY
"Le città solari: rinnovabili, bioedilizia e smart cities,la sfida della nuova economia"– Roma – 16 Settembre, 2011 Disclaimer
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2 Who is Yingli? Yingli Solar is a Leader in the Solar Industry
We are proud of our quality products, which are sold under the “Yingli Solar” brand We have more than 11000 employees and more than 10 branch offices worldwide We attribute our success to the completeness of our supply chain from polysilicon to modules We respect our society and our environment, which is proven with our SA 8000 and ISO certifications 2011 shipment guidance of 1.7 to 1.75 GW We celebrate our four year anniversary of our IPO (“YGE”) on June 8th, 2011 We became the first Chinese and the first renewable energy company to sponsor the FIFA World Cup™ in 2010 and will be once again sponsor the 2014 FIFA World Cup Brazil™ We became an “Official Premium Partner” to FC Bayern Munich in early 2011
4 4 Our mission is …
To provide affordable green energy for all
5 Milestones
Commencement of Business Rapid Development Emerging as an Industry Leader
Founded by Mr. Commenced module Reached 400MW capacity in ingot / wafer / cell / module Foundation stone laid for the State Key Laboratory of Liansheng Miao, production with capacity respectively in September Photovoltaic Technology at Yingli 's manufacturing base in Chairman and CEO of 3MW Baoding in January Became an Official Sponsor of the 2010 FIFA World Cup™ 400 MW capacity expansion projects started initial production in early July Fine Silicon started commercial operation in early August Issued RMB 1.0 billion unsecured five-year medium-term notes Announced 700 MW capacity expansion projects
1998 2002 2004 2006 2007 2008 2009 2010 2011
Reached 600MW capacity in ingot / Became an wafer / cell / module respectively in Official Premium July Partner of FC Received net proceeds of US$227.4 Bayern München million from follow-on offering of Target to deliver 18,390,000 ADSs 1,700-1,750 MW Became the first China-based PV modules in 2011 company to join PV CYCLE Yingli Green Successfully commenced trial Completed IPO in June Energy production and reached certain key Reached 95MW Reached 200MW capacity announced the technology and operating milestones capacity in ingot / in ingot / wafer / cell / sponsorship of at Fine Silicon Company Limited wafer, 60MW in cell, module in July the 2014 FIFA Reached 6MW capacity in ingot / wafer / cell, and 50MW Accumulative output of solar modules World Cup and 100MW in module Received net proceeds of in module under the “Yingli Solar” brand reached Brazil™ on June Raised US$220 million US$150 million from Obtained UL, IEC and TÜV certificates 1 GW since commercial production in 8th, 2011 through a series of convertible notes offering in Started sales in Germany 2002 private placements December Received Social Accountability System SA 8000 certification in December 6 What do we do? Worldwide Presence
Yingli Greece
Yingli Europe (Germany) Headquartered in Baoding, China
Yingli France
Yingli Spain
Yingli Italy
Yingli Americas
Yingli Singapore
Represents our branches and subsidiaries worldwide Represents countries to which we have sold 8 More than 2 GW of Yingli Modules installed world-wide
Moura PV Plant Badajoz PV Plant Rutgers University Poggiorsini Power Plant
Nameplate: 46 MW Nameplate: 11.5 MW Nameplate: 1.4 MW Nameplate: 3.0 MW COD: December 2008 COD: June 2008 COD: June 2009 COD: December 2009 Location: Moura,Portugal Location: Badajoz, Spain Location: Livingston, NJ Location: Poggiorsini (Bari), Italy Developer: Acciona Energia EPC: Fotowatio EPC: Sundurance Owner: ACEA RSE S.P.A. Owner: Acciona Energia Owner: Rutgers University
Onnuri PV Plant Kohl’s Hongqiao Train Station Hockenheimring
Nameplate: 1.8 MW Nameplate: 600 kW Nameplate: 3.2 MW Nameplate: 848.88 kW COD: May 2008 COD: 2008 COD: 2010 COD: 2010 Location: South Jeolla， Location: California, USA Location: Shanghai, China Location: Hockenheim, Germany South Korea EPC: SunEdison Installer: Yingli Solar Installer: Kepid Owner: SunEdison
9 European Markets
Achievements Sales in Europe
Signed a three-year sales contract to supply 220 MW of PV modules to S.A.G. Solarstrom AG Signed a 200 MW+ three-year framework agreement with Gehrlicher Solar AG Signed a 130 MW sales agreement with IBC SOLAR AG for 2010 shipment Signed a 51 MW sales agreement with Payom Solar AG for 2010 shipment Expanded Italian distribution channels by supplying modules to Tecno Spot Became the first China-based company to join PV CYCLE Our branches and subsidiaries
Countries to which we have sold European Customer Highlights Overview
Well-recognized as: Long & successful operating history, proven track record, constructive marketing strategy and strong commitment to CSR Our high-efficiency Yingli Solar Panda Modules perfectly suit the European market transition from ground mounted toward roof-top segment Expansion of recognition of Yingli brand through 2010 FIFA World Cup and Bayern Munich 10 sponsorships American Markets
Project Highlights Sales in the US, Canada and Caribbean
Signed a 15MW supply agreement with Recurrent Energy and Swinerton Builders for multiple Kaiser Permanente sites in California
Completed 10MW distributed generation programs with a leading East Coast U.S. utility
Signed an agreement to become the official energy partner for the New York Jets Football Team, with a 700kW system installed on the Jets facility
U.S. Customer Highlights Overview
Yingli is one of the fastest growing module suppliers in North America,10%+ market share in 2010 Diverse team of commercial and technical experts with nationwide support for partners and customers from East and West Coast offices Diversified across all segments: 40% utility, 40% commercial, 20% distribution Sold in 20+ states Yingli has become an increasingly trusted supplier to major developers and distributors in the US. 11 Strong Footprint in China
Project Highlights Sales in China
10MW on-grid solar plant in Dunhuang, Gansu
10 MW on-grid project located at Wuzhong City, Ningxia Hui Autonomous Region
1.3MW grid-connected roof-top project, Yiwu, Zhejiang Province
Projects in Aba County, Sichuan Province in 2002
Our branches and subsidiaries Solar products for home use in Tibet Countries to which we have sold
Increasing Sales in China Overview
Golden Sun Program Announced By Ministry of Finance: – 272 MW projects expected to be executed in 2011 *Most of 2011 shipments to China are scheduled to be – Incentives for ~300 MW BIPV projects launched in delivered in 2H February 2011 – At least 1GW of installations per year after 2012
Government is considering 10 GW and 50 GW of accumulated 12 installation targets by 2015 and 2020, respectively How do we stand out? Technological and Quality Excellence
Certificates obtained Strategic cooperation with TÜV
“Yingli Solar” modules have attained the “Power Controlled” certification from TÜV Rheinland Group
Formed a strategic partnership covering a range of quality control initiatives at Yingli
The first State Key Laboratory of PV Technology
Recognition as the technology leader among all Chinese PV players Driving the development of world-class PV technology in China Priority rights to commercialize technologies developed in the Laboratory at Yingli's production lines Essential to Yingli‟s position as a global leader in the solar industry and key to the quality and cost structure of our products
14 Focus on R&D throughout the value chain
By the end of 2006 2007 2008 2009 2010 Ingot Weight (kg) 260 270 400 400 420 Wafer Thickness 220 200 180 180 180 (micron) Wire Diameter 150 140 120 120 120 (micron)
PANDA (Mono/N-Type) & Multicrystalline Efficiency Roadmap (2010-2012E)
20,0% 20,0% 19% PANDA (Lab) 18,5% 18,0% Multi (Lab) 18,0% 17,5% 16,8% Multi (Commercial) 17.2-17.5% 16,0% 16,8% 17,0% 2010 2011E 2012E
15 Company Data Highlights
2009 2010 Y/Y results results
Shipments (MW) 525.3 1,061.6 102.1%
Revenue ($ million) 1,062.8 1,893.9 72.3% Gross Margin (%) 23.6% 33.2% —— Non-GAAP EPS ($) 0.3 1.61 423.2%
Designed Capacity Growth Momentum (MW) Annual Shipment Growth Momentum(MW)
1800 1,7001700-1,750 1600
1400
1200 1,061.6 1000
800
600 525.3
400 281.5 200 142.5 4.7 11.9 51.3 0 2004 2005 2006 2007 2008 2009 2010 2011E
16 We are Commited to our Communities
We have received certifications and joined organizations to ensure and demonstrate our corporate social responsibility
• “Sustainability and Social Responsibility of the Photovoltaic (“PV”) Industry Report 2011”: Yingli Green Energy Scores Top Marks
• SA 8000 Social Accountability: Based on the UN Universal Declaration of Human Rights, Convention on the Rights of the Child and various International Labor Organization conventions
• ISO14001 Environment Management System Certified
• ISO18001 Occupational Health and Safety system Certified
• Conferred a “National Environmentally Friendly Enterprise” by The Ministry of Environmental Protection. Yingli is the only company in the solar industry to carry this title
• First Chinese member of PV CYCLE
17 Official Premium Partner of FC Bayern Munich
FC Bayern Munich is not only one of the most successful clubs in the world, but it is also one of the most popular clubs in China
A historical moment in FC Bayern München: Yingli will be the first solar company to have ever become an „Official Premium Partner“ of the club
As Germany is one of Yingli's key markets, the partnership will get Yingli closer to the hearts of long-term partners and friends in Germany
With the sponsorship, Yingli also wishes to be even closer to its end customers and be closer to fulfilling its mission of “providing affordable green energy for everyone”
Yingli will work with FC Bayern by providing expertise in the renewable energy towards the common goal of creating a more sustainable future
18 2010 FIFA World Cup™ Sponsorship
Yingli Solar was the first Chinese and the first renewable energy company to ever sponsor the FIFA World Cup™
FIFA and Yingli Green Energy had joined forces for the first time at the 2010 FIFA World Cup™ in South Africa. Both companies have striven to share ideas on how to combine the love for football and the environment to create a better and more sustainable future.
19 Football for Hope – Contribution with Solar Expertise and Products
Yingli Green Energy is not only a sponsor to the FIFA World Cup™, but also a provider of its solar expertise and products to power “20 Centres for 2010”, the official campaign of the 2010 FIFA World Cup™
This campaign is part of the “Football for Hope” movement, which is using the power of the game for positive social change
By coupling the campaign with our solar products and expertise in the renewable energy space, we believe that we are truly joining forces with FIFA in offering a platform for better social development
We call this “Football for Hope. Energy for Hope.”
20 Yingli Announces Sponsorship of the 2014 FIFA World Cup Brazil™
Yingli Green Energy announced the sponsorship of the 2014 FIFA World Cup Brazil™ on June 8th, 2011
During a joint press conference, Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, and Mr. Thierry Weil, Marketing Director of FIFA, welcomed journalists from around the globe
21 Case study – Pappalardo‟s family house
Come è nata la volontà di installare pannelli fotovoltaici?
Dal fatto che, in un paese come il nostro, che ha tantissimo sole, sarebbe stato poco intelligente non approfittare dalla natura e della tecnologia fotovoltaica.
In quanto tempo è riuscito a rendere l'impianto attivo?
Circa sei mesi, inclusi i tempi tecnici per la connessione dell‟impianto alla rete elettrica locale.
Di quale piano di incentivi può usufruire?
Del „Primo Conto Energia‟, riservato ad impianti residenziali semi-integrati su tetto con coefficiente di incentivazione di 0,043 Euro/Kilowattora per un profitto annuo di 5.533,00 Euro, per venti anni.
E’ soddisfatto della scelta, sia dal punto di vista tecnologico che economico?
Assolutamente sì e talvolta produco più energia di quanto necessario. Inoltre la resa dei moduli fotovoltaici utilizzati, a marchio Yingli Solar, è risultata superiore al previsto. Una piccola nota di colore che desidero condividere, sta nella felicità di mia moglie nel poter utilizzare gli elettrodomestici durante le ore diurne proprio nel periodo di piena produzione dell‟impianto fotovoltaico; in passato, invece, era necessario dover aspettare la sera per poter attivare i vari utilizzatori e rientrare, quindi, nella fascia di costo elettrico economicamente più bassa. Posso dire, dunque, che grazie alla scelta fatta, il nostro investimento rientrerà in tempi molto rapidi e con la produzione di energia solare, possiamo finalmente coprire il nostro totale fabbisogno di energia senza sorprese in bolletta, per sempre. Oggi finalmente torno a sorridere di fronte ai costi dell‟energia elettrica, ora 22 più che mai grazie dal sole.
Source: Casa Naturale Magazine – July 2011 Our success is well-recognized
The Best Low-carbon Companies in China 2010 Yingli Green Energy has been named one of the best low-carbon companies China in 2010 by The Economic Observer,one of the leading economic and management newspapers in China,which aims to select the best companies in shaping the “low- carbon”era and setting up models for others.
The Best Sports Marketing Award for 2010 FIFA World Cup™ Yingli Green Energy has received the Best Sports Marketing Award for 2010 FIFA World Cup™ by Netease. During the world Cup, Yingli integrated the enterprise and sportsmanship with a high degree, which is widely appreciated.
2010 Top 10 global green economy companies Yingli Green Energy has been ranked among “2010 Top 10 global green economy companies ” by IGEA, which purpose is to promote the green economy conception, and it is highly appraised as the Environmentally-friendly development in the world.
Euromoney and Ernst & Young Global Renewable Energy Award Yingli Green Energy has received a Euromoney and Ernst & Young Global Renewable Energy Award,"Equity Deal of the Year – Technology” award in recognition of the Company‟s successful June 2009 eauity follow-on offering of 18,390,000 ADSs which helped to raise investors‟ confidence in the renewable energy sector.
2009 Top 10 Most Competitive Overseas Listed Companies of China Yingli Green Energy has been ranked among “2009 Top 10 Most Compatitive Overseas Listed Companies of China” by the Institute of industrial Economics, a branch of The Chinese Academy of Social Sciences and China Business, one of the leading economic and management newspapers in China.
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23 Thank you!
For photos and more information, please go to www.yinglisolar.com or visit our local language websites.
Contact Us
Judy Lee Rebecca Jarschel Director of Corporate Development Marketing Communications +1 510 8473920 +49 89 540303412 [email protected] [email protected]
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