URE — Investor Presentation 2015

Mar 19, 2015

Neo Solar Power Corporation

March 18, 2015

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NSP at A Glance
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• Founded: December, 2005

• Products: cells and modules

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• 2014 Year-End Capacity:

• Cell: > 2.20 GW

• Module: > 480 MW

• Employees: 3,800

• Headquarters: Hsinchu, Taiwan

• Listed in Taiwan Stock Exchange

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

• The world’s largest merchant cell company

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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  2014.12: More than 6.1 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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 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)

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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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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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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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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

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Cost effective structure

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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• Taiwan National Stadium, 1MW PV System, EPC by Delta, Solar cell by NSP

• Architect: Toyo Ito

• The largest building-integrated PV system in Taiwan

• Annual CO reduction: 660 MT 2

• Annual Power Generation: 1.1 M KWh

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

 On-grid ceremony Oct. 18, 2013

 PPA with Indianapolis Power and Light Company (IPL)  Annual CO2 reduction 8,529 MT

 Annual Power Generation 30M 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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