URE — Investor Presentation 2015

Dec 2, 2015

Neo Solar Power Corporation

December 1, 2015

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NSP is Your Best Solar Partner
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• NSP is specialist in  Solar Cells

• Solar Modules

• Solar System

• NSP is world’s top merchant solar cell manufacturer with excellent track record in quality

 NSP is your best solar solutions with leading performance and recognized reliability

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NSP at A Glance
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• Founded: December, 2005

• Products: Cells, Modules and System

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• 2014 Year-End Capacity:

• Cell: > 2.20 GW

• Module: > 480 MW

• Employees: 3,800

• Headquarters: Hsinchu, Taiwan

• 2009 Listed in Taiwan Stock Exchange

• Market Cap US$789 Million at the end of 2014

• The world’s leading merchant cell company

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A Pioneer in PV Industry
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 With innovative and energetic, NSP accomplished and still keep processing in PV industry

• First in doing acquisition

• First in building solar systems globally

• First in doing YieldCo

• First in commercial shipment of bifacial solar products

• First in making lead free modules

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Milestones
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 2005.12: NSP founded

• 2006.12: Breakeven and 100% utilization achieved

• 2009.01: Listed on the Taiwan Stock Exchange

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

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

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

• 2013.05: Merged with DelSolar

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

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

 2014.06: Launched “Super” (multi), “Power” (mono) module, and half cut module “PowerH” at InterSolar EU 2014  2015.06: More than 7 GW of NSP Cells and Modules shipped globally since 2005

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

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World-Class Technology

 Inter-disciplinary experts in semiconductors, electronic systems, silicon raw materials, solar cell processing and solar energy system engineering

• State-of-the-art facility, equipment and knowledge

Customer

 To enhance customer satisfaction and service efficiency

 To promote business relationship to partnership

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The Executives
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Dr. Quincy Lin Chairman

• 30+ years of experience in high tech management

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

• Honorary Chair in Management at National Chiao-Tung University

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Dr. Sam Hong CEO

• 30+ years of experience in PV solar energy

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

• Chairman of Taiwan Photovoltaic Industry Association (TPVIA, 2011 - 2015)

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Mr. Andy Shen President

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

• Senior Director, TSMC

• 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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2014 Total Capacity: > 2,200 MW

China ： > 400 MW

Taiwan ： > 1,800 MW

China

Wujiang, Suzhou

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HQ & FAB 2
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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2014 Total Capacity: > 480 MW

China ： > 180 MW

Taiwan ： > 230 MW

China

Wujiang, Suzhou

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GES (NSP Subsidiary) Hsinchu Ind. Park

Hsinchu Science Park

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Strong R&D Capability
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• World leader in efficiency and yield

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

• Excellent manufacturability and reliability to shorten time to market

 Customer oriented technology road map to support advanced products and partnership

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NSP Multi-crystalline Products
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• Super19: High efficiency multi cells

 Average cell efficiency >18.9%

• Max cell efficiency: 19.5%

• Ideal for 275W (60cells) & 325W (72cells) panels

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NSP Mono-crystalline Products
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• Black20: High efficiency mono cells

 Average cell efficiency >20.0%

• Max cell efficiency: 20.5%

• Ideal for 280W (60cells) & 335W (72cells) panels

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NSP N-type Bifacial Product
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• BiFi: n-type bifacial mono-crystalline cells

• Zero cell LID (equivalent to 3% more output in life time)

 Average cell efficiency (front side) >20.0%  Nominal Power equivalent power 330W (20% power gain from rear side at suitable installation)  Ideal for flat rooftops, vertical installations, BIPV, carport, snow or desert environments

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

providing a stable, high-energy system output

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

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

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

• High wind/snow load tolerant

• Ammonia-resistant according to IEC 62716

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NSP Module Features
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 Standard Offerings

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 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

Cost effective structure

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

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Largest BIPV Stadium in World
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• Taiwan National Stadium, 1MW PV System, EPC by Delta, Solar cells by NSP

• With 8,844 Solar Modules and cover a surface area of 14,155 square meters

• Architect: Toyo Ito

• The largest building-integrated PV system in Taiwan

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• Annual CO reduction: 660 MT 2

• Annual Power Generation: 1.1 M KWh

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Largest Airport PV System in World
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 USA Indianapolis Airport 25 MW PV System Solar cell by NSP

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• With 76,228 Solar Modules and nearly 162 acres of land

• On-grid ceremony Oct. 18, 2013

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• PPA with Indianapolis Power and Light Company (IPL)

• Annual CO reduction: 2

• 8,529 MT

• Annual Power Generation: 30M KWh

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Rooftop Solar Systems in UK
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• Tameside, Greater Manchester Rooftop Solar Systems 14 MW Solar cell by NSP

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• With more than 56,000 Solar Modules and spread out on the rooftops of 4,500 homes

• The landmark installation of 1,000 homes with 3.1MW completed and COD on Oct 15, 2014

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• Annual CO reduction: more 2

• than 500 MT

• Annual Power Generation: 12M KWh

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Corporate Social Responsibility
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 Environmental Sustainability

• Voluntary Commitment: A Member of PV Cycle

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

• Minimizing environmental impact of end-of-life products

 Carbon Footprint Verification

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

 Waste Recycling

PAS 2050 ： 2011

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PAS 2050 ： 2008

• Management initiated waste reduction and recycling

• Environmental Management System

• 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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 Employee Well-being

• Safety and Health

• Adapting occupational health and safety management systems

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• Training for laboratory work safety improvements

OHSAS 18001 ： 2007

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 Training and Development

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

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

TOSHMS

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 Workplace Wellness

• Practices of work-life balance

• Elimination of discrimination

• Promotion of physical and mental health

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Corporate Social Responsibility
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 Social Contribution

 Volunteer Programs

• Environmental Care Volunteers:

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Educating the public with knowledge on green energy, energy saving and environmental protection

• 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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