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REC Silicon

Investor Presentation Oct 10, 2022

3726_rns_2022-10-10_47383774-348f-44bf-a7c6-209e386aafe6.pdf

Investor Presentation

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Agenda

  • › Who We Are
  • › Our Process & Technology
  • › Our Products, Markets & Applications
  • › Energy Trends

3 © REC Silicon ASA. All rights reserved. Confidential

ABOUT US

ABOUT US

REC Silicon - An Industry Leader

Whether supplied as a gas, gas derivatives, or used internally to manufacture ultra-pure polysilicon, our Signature Silane® is increasingly demanded for leading-edge power devices, big data, nano-electronics, communication devices, and renewable energy industries.

Signature Silane® is also what sets us apart.

ABOUT US

OUR PROCESS & TECHNOLOGY

7 © REC Silicon ASA. All rights reserved. Confidential

SIGNATURE SILANE®

At the core of REC Silicon's technology is our molecule, SiH4, and the safe, sustainable best practices to produce it.

Siemens Processes

  • ›Based on the decomposition of Signature Silane® (SiH4):
  • Heating until the ultra-pure elemental silicon and hydrogen are separated.
  • -Silicon seed rods are heated, and the elemental silicon is deposited.
  • -Hydrogen is removed and recycled.

Resulting high-purity product is ideal for Float Zone (FZ) and Czochralski (CZ) polysilicon applications.

Fluidized Bed Reactor (FBR) Processes

  • ›FBR uses seed granules continuously fed into a chamber with heated silane.
  • › Circulation of gas causes the seed granules to flow like a liquid as silane breaks down and deposits silicon layers on the granules.
  • -Hydrogen is removed and recycled.
  • ›Over time the granules grow larger, heavier, and finish out the bottom.
  • ›Energy consumption is reduced 80-90% per comparative Siemens-silicon while producing more silicon per cubic meter of reactor space.

Smallest carbon footprint in the industry being fueled by hydroelectric power at the Moses Lake facility.

PRODUCTS, MARKETS & APPLICATIONS

SILICON GASES APPLICATIONS

Display/Semiconductor

Crystalline Silicon Solar Cell

Silane used to form SiNx,

SiOx layers

* Crystalline Silicon Based Photovoltaic

SPECIALTY GASES

REC Silicon is also the world leader in differentiated specialty gases

  • Dichlorosilane (DCS, or SiH2Cl2) used in memory chip manufacturing and logic device production
  • Monochlorosilane (MCS or SiH3Cl) used to synthesize advanced precursors
  • Disilane (Si2H6) for device production in strained silicon, 45nm transistors, thin Film PV, and flexible electronics and displays

GLOBAL DISTRIBUTION IS ANOTHER ASPECT WHERE WE DOMINATE

Our Heritage – Signature Silane® is what sets REC Silicon apart

  • ›Signature Silane® as our core feedstock produces the highest quality products needed for our product lines of:
    • -Specialty gases
    • -Electronic grade polysilicon
    • -Solar grade polysilicon

›We own the largest global fleet of silane containers from cylinders to 40' modules

From everyday technologies of solar cells, smartphones, and computer chips, to cutting edge components used in 5G communications, Signature Silane® is the material of choice.

ELECTRONIC GRADE POLYSILICON

Our electronic grade ISO 9001-2015 certified polysilicon businesses provide a variety of form factors for uses in high-tech energy and electronics industries.

Float Zone (FZ)

-FZ-based devices are used in motor control and power conversion processes for hybrid and electric vehicles, wind energy, and high voltage transmission, 5G communications, high-speed trains, IoT (internet of things), and big data.

Czochralski (CZ)

-This form of electronic grade polysilicon is principally used in manufacturing of 12' semiconductor wafers used in memory processors, optics, and micro electromechanical systems (MEMS).

GRANULAR SOLAR GRADE POLYSILICON

The most efficient technology to make polysilicon

  • ›Our granular polysilicon, NextSi®, when blended with solar grade chunk polysilicon:
  • -Enhances efficiency of the ingot manufacturing process by increasing the weight and yield of the ingot
  • -Reduces process cycle times
  • -Ready-to-use

NextSi® is ideal for multicrystalline and monocrystalline solar ingot and wafer production in the manufacturing of solar modules.

POLYSILICON TECHNOLOGY

Czochralski (CZ) Ingot Crystallization Process

  • ›Applications
  • -Semiconductor
  • -Solar Energy

FLOAT ZONE TECHNOLOGY

FZ Crystallization Process

EXAMPLES OF SEMICONDUCTOR APPLICATION

Source: World Semiconductor Trade Statistics (WSTS), 2018 Annual End-Use Survey, IC Insights

Wave 0
Since 2015
Wave 1
Early-2020s
Wave 2
Mid-2020s
Wave 3
Late-2020s
Graphite-based Silicon-based
Li-metal
Liquid (e.g. LiPF4) Solid (e.g. Polymer- or Ceramic-based)
Nickel- & cobalt-based Sulfur-based
2.2x 1.5% Over 2x

NEXT GEN LITHIUM-ION BATTERIES REQUIRE SILICON ANODES

Silane could be the preferred Silicon source

Source: BNEF - Long-Term Electric Vehicle Outlook 2019 May 2019

SILANE: FEEDSTOCK FOR THE ENERGY TRANSITION

ENERGY TRENDS

ELECTRICITY CONSUMPTION TREND

We need to turn the trend around…

FLUID BED REACTOR VS. SIEMENS REACTOR

www.recsilicon.com

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