URE — Investor Presentation 2014

Dec 17, 2014

新日光能源科技
股份有限公司

2014 年 12 月 18 日

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新日光公司簡介
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• l 成立時間 : 2005 年 12 月 l 產品 : 結晶矽太陽能電池與模組 l 2014 年底裝置產能 :

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• l 電池 : > 2.20 GW l 模組 : > 480 MW

• l 員工人數 : 約 3,600 人 l 總部 : 台灣新竹

• l 於台灣證券交易所上市

• l 2013 年 12 月 31 日市值台幣 342 億

• l 全球最大專業電池廠

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< 2 > NSP Proprietary December 16, 2014

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里程碑
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• l 2005.12: 新日光成立

• l 2006.12: 第一條產線進入全能量產，單月達成損益兩平

• l 2009.01: 於台灣證交所上市

• “ ” “ ”

• l 2010.10: 發表多晶電池 Super 17 與單晶電池 Perfect 18 高效率產品

• “ ”

• l 2011.09: 於 EU PVSEC 發表高轉換效率方型單晶電池 Black 19

• “ ” “ ”

• l 2012.09: 推出高效率產品 Super 18 與 Black 19+

• l 2013.05: 合併旺能，成為全球最大專業太陽能電池公司 l 2013.10: 新日光模組獲頒能源局「金能獎」

• “ ” “ ”

• l 2013.10: 於 PV Taiwan 發表新一代高效 Super19 與 Black20 電池 以及雙面發電模組 “ BiFi ”

• l 2014.06: 於 InterSolar EU 2014 發表高效多晶矽 Super 模組，以及單晶矽 Power 與 PowerH 模組

• l 2014.06: 新日光產品累積出貨量超過 5 GW ( 十億瓦 )

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核心競爭優勢
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品質
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技術
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客户
服務
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l 結合半導體製造紀律於品質系統的領先者

l 半導體、電子系統、矽原料、太陽能電池和 太陽能能源系統工程等領域的專家 l 擁有國際最先進的設施、設備和知識

• l 提高客户滿意度以及服務效率

• l 提升合作夥伴的商務關係

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經營團隊
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林坤禧博士 董事長 l 前台積電資深副總

l 交通大學榮譽管理講席 l 美國 Kentucky 大學企管博士

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洪傳獻博士 執行長 l 現任台灣太陽光電產業協會理事長 l 曾任工研院太陽能電池實驗室研究組組長、光華非晶矽公司副總經理 l 清華大學電機博士

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沈維鈞先生 總經理 l 曾任台積電資深處長 l 曾任台積電歐洲子公司總經理 l 美國 Santa Clara 大學企管碩士、 Case Western Reserve 大學電機碩士

< 5 > NSP Proprietary December 16, 2014

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耀眼的成長
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成長最快速的太陽能公司
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• 2012 年總出貨量成長 15.4% , 因市場平均售價 (ASP) 的下降而使年營收下降

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完備的電池生產與服務佈局
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目前產能已達 2,200 MW

2014 年底產能 : > 2,200 MW

中國 ： 400 MW

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China
六廠
蘇州 , 吳江
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台灣 ： 1,800 MW

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企業總部暨二廠
新竹科學園區
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五廠
竹南科學園區
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三廠
台南科技工業園區
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完備的模組生產與服務佈局
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目前產能已達 410 MW

2014 年底產能 : > 480 MW

中國 ： 180 MW

台灣 ： 230 MW

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China
五二廠
蘇州 , 吳江
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永旺 ( 新日光子公司 )
新竹湖口工業園區
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五一廠
新竹科學園區
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卓越的製造能力
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l 半導體製程技術和太陽能元件物理的多年生產管理技術與經驗

l 超高生產力

l 高良率

l 無與倫比的外觀和顏色均勻度 l 需求為導向的製造業

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新日光產品定位金字塔
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NSP P 型單晶電池效率跨界挑戰市場上 N 型單晶電池效率 < 11 > NSP Proprietary P P December 16, 2014 型多晶電池效率直逼業界 型單晶電池效率

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新日光多晶產品
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l Super19: 高效多晶電池 l 平均轉換效率大於 18.9% l 最高轉換效率可達 19.5% l 適合 275W (60cells) 和 325W (72cells) 模組

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新日光單晶產品
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l Black20: 高效單晶電池 l 平均轉換效率大於 20.0% l 最高轉換效率可達 20.5% l 適合 280W (60cells) 和 335W (72cells) 模組

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新日光 Bifacial 產品
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• l BiFi: N 型雙面矽晶太陽電池

• l 電池效率無傳統 P 型的光致衰退效應，等同多出 3% 的發電量 l 電池正面效率 >20.0%

• l 雙面太陽能模組 (60 cells) 雙面等效發電量等同於 330W ( 在適當的安裝方式下 , 模組背面的貢獻可以提高 20% 的發電量 )

• l 理想的安裝場所有平屋頂、垂直安裝、建築整合型、停車棚、雪 地、沙漠地區等

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全球最大的 BIPV 系統
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• l 國家體育場 ( 高雄世運主場館 ), 1MW PV System

• l EPC: 台達電 , 電池 : 新日光

• l 國際知名日本建築師伊東豊雄

• l 全球最大的 PV system 建築整合太陽能

• l 年減少二氧化碳排放量 : 660 噸

• l 年發電量 : 1.1 M 度

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永旺能源 全球最大的機場電站
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l 美國印第安納波里斯機場 , 合計 25 MW

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l : 正式併網商轉啟用 2013 年 10 月 18 日 l 與 Indianapolis Power and Light Company (IPL) 簽立電力購買協議

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謝謝
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新日光能源科技

Tel: +886.3.5780011 Fax: +886.3.5781255 www.nsp.com

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Neo Solar Power Corporation

December 18, 2014

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NSP at A Glance
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• l Founded: December, 2005 l Products: cells and modules

• l 2014 Year-End Capacity:

• Cell: > 2.20 GW

• Module: > 480 MW

• l Employees: 3,600

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l Headquarters: Hsinchu, Taiwan l Listed in Taiwan Stock Exchange l Market Cap US$1.14 Billion at the end of 2013

• ’

• l The world s largest merchant cell company

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Milestones
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l 2005.12: NSP founded

• l 2006.12: Breakeven and 100% utilization achieved

• l 2009.01: Listed on the Taiwan Stock Exchange

• l 2010.10: Launched “ Super 17 ” (multi) & “ Perfect 18 ” (mono) cells

• l 2011.09: Launched mono cell “ Black 19 ” at EU PVSEC

• l 2012.09: Announced “ Super 18 ” and “ Black 19+ ”

• l 2013.05: Merged with DelSolar

• l 2013.10: Awarded “ Taiwan Excellent PV Product ” by the Bureau of Energy, Taiwan

• l 2013.10: Launched “ Super19 ” , “ Black20 ” cells and “ BiFi ” bifacial module at PV Taiwan

• l 2014.06: Launched “ Super ” (multi), “ Power ” (mono) module, and half-cut module “ PowerH ” at InterSolar EU 2014

• l 2014.06: More than 5 GW of Cells and Modules shipped globally since 2005

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Core Competences
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Leading
Quality
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l Pioneer of combining semiconductor manufacturing discipline into our Taiwan-engineered quality solar solutions

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l Inter-disciplinary experts in semiconductors, electronic World-Class systems, silicon raw materials, solar cell processing and solar Technology energy system engineering l State-of-the-art facility, equipment and knowledge

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Prime
Customer
Services
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l To enhance customer satisfaction and service efficiency l To promote business relationship to partnership

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The Executives
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Dr. Quincy Lin Chairman

• l 30+ years of experience in high tech management

l Senior Vice President of Taiwan Semiconductor Manufacturing Company (TSMC)

l Honorary Chair in Management at National Chiao-Tung University

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Dr. Sam Hong CEO

• l 30+ years of experience in PV solar energy

• l Research Division Director of PV Solar Energy Division at the Industrial Technology Research Institute (ITRI); VP & Plant Director of Sinonar Solar Cell

• l Chairman of Taiwan Photovoltaic Industry Association (TPVIA)

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Mr. Andy Shen

President

• l 30+ years of experience in semiconductor engineering, sales and marketing

l Senior Director, TSMC

• l Managing Director, TSMC-Europe

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Strong Growth Momentum
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Revenue Growth
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• 2012 revenue declined despite 15.4% shipment growth due to ASP erosion

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Cell Capacity Overview
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Current Total Capacity: 2,200 MW

Year-end Capacity 2014: > 2,200 MW

China ： 400 MW

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China
FAB 6
Wujiang, Suzhou
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Taiwan ： 1,800 MW

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FAB 2 & HQ
Hsinchu Science Park
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FAB 5
Chunan Science Park
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FAB 3
Tainan Tech. Ind. Park
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Module Capacity Overview
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Current Total Capacity: 410 MW

Year-end Capacity 2014: > 480 MW

China ： 180 MW

Taiwan ： 230 MW

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China
FAB 52
Wujiang, Suzhou
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GES (NSP Subsidiary)
Hsinchu Ind. Park
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FAB 51
Hsinchu Science Park
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Strong R&D Capability
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l World leader in efficiency and yield

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l Advanced characterization based on years of experience in semiconductor device physics for optimized performance

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l Excellent manufacturability and reliability to shorten time to market l Customer oriented technology road map to support advanced products and partnership

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NSP Solar Product Pyramid
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NSP p-type mono cell efficiency challenges market n-type mono cell efficiency. (p-type multi challenges p-type mono)

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NSP Multi-crystalline Products
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l Super19: High efficiency multi cells l Average cell efficiency >18.9% l Max cell efficiency: 19.5% l Ideal for 275W (60cells) & 325W (72cells) panels

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NSP Mono-crystalline Products
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l Black20: High efficiency mono cells l Average cell efficiency >20.0% l Max cell efficiency: 20.5% l Ideal for 280W (60cells) & 335W (72cells) panels

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NSP N-type Bifacial Product
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l BiFi: n-type bifacial mono-crystalline cells l Zero cell LID (equivalent to 3% more output in life time) l Average cell efficiency (front side) >20.0% l Nominal Power equivalent power 330W (20% power gain from rear side at suitable installation) l Ideal for flat rooftops, vertical installations, BIPV, carport, snow or desert environments

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Proven Module Capability
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• l Power tolerance of 0 to +4.99 W

providing a stable, high-energy system output

• l High PV cell shunt resistance enabling increased power output in low light conditions

• l Low temperature coefficients of power to produce high power output in all weather conditions

• l High efficiency solar cells and state-of-the-art manufacturing technology to enhance cost efficiency per kWh

• l High wind/snow load tolerant

• l Ammonia-resistant according to IEC 62716

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NSP Module Features
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l Standard Offerings

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l Customized Offerings

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Your Best Solar Partner
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World ’ s top merchant solar cell manufacturer Strong R&D commitment with proven track record and technology leadership in quality Industry leading performance and reliability for our solar solutions

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Cost effective structure
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Experienced and wellStrong and diverse recognized management customer base team with strong industry background

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Largest BIPV in Taiwan
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l Taiwan National Stadium, 1MW PV System, EPC by Delta, Solar cell by NSP

l Architect: Toyo Ito

l The largest building-integrated PV system in Taiwan

l Annual CO 2 reduction: 660 MT

l Annual Power Generation: 1.1 M KWpH

< 18 > NSP Proprietary December 16, 2014

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Airport PV System by GES
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l USA Indianapolis Airport, 25 MW

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l On-grid ceremony Oct. 18, 2013 l PPA with Indianapolis Power and Light Company (IPL)

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Corporate Social Responsibility
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l Environmental Sustainability

l Voluntary Commitment: A Member of PV Cycle

l Recycling end-of-life solar modules through PV cycle

l Minimizing environmental impact of end-of-life products

l Carbon Footprint Verification

l Received the Reasonable Level of Assurance (the highest level for this certification)

l Waste Recycling

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PAS 2050[：] 2011

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PAS 2050[：] 2008

l Management initiated waste reduction and recycling

l Environmental Management System

l Assuring that environmental impact is being measured and improved

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ISO 14001[：] 2004

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Corporate Social Responsibility
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l Employee Well-being

l Safety and Health

• l Adapting occupational health and safety management systems

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• l Training for laboratory work safety improvements

OHSAS 18001 ： 2007

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l Training and Development

• l Set up internal training programs and provide information on external training courses

• l Established E-learning platform and has been encouraging and promoting training courses

TOSHMS

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l Workplace Wellness

• l Practices of work-life balance

• l Elimination of discrimination

• l Promotion of physical and mental health

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Corporate Social Responsibility
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l Social Contribution

l Volunteer Programs

l Environmental Care Volunteers: Educating the public with knowledge on green energy, energy saving and environmental protection

• l Social Care Volunteers: Caring for community, society and the environment

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Thank You
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Neo Solar Power Corp.

Tel: +886.3.5780011 Fax: +886.3.5781255 www.nsp.com

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