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INVESTOR PRESENTATION | MAY, 2021
Our Vision:
a Renewable Greener World
Smart Power to Innovate
Solar | Roofing | Battery Storage | EV | EV Charger
PAGE 2
This presentation contains certain “forward-looking statements” relating to the business of the Company, its subsidiaries and the industries the
Company operates in. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects” or
similar expressions. The forward-looking statements contained in this presentation include statements regarding the Company’s ability to execute its
growth plan and meet revenue and sales estimates, and market acceptance of its products and services. These statements involve known and
unknown risks and uncertainties, including, but not limited to, general business conditions, managing growth, and political, regulatory and other
risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in
the Company's reports filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable
securities law.
FORWARD LOOKING STATEMENTS
PAGE 3
COMPANY OVERVIEW
SPI Energy is a renewable energy holding company delivering competitive, clean energy solutions to customers across the world for more than 16 years. We operate in five business segments:
1. Renewable energy system solutions for residential and small commercial markets (Solarjuice subsidiary)
2. Renewable energy project development, design, build & transfer
3. Utility & Commercial Renewable energy independent power production (IPP)
4. Smart EV & EV charger solution
5. Other renewable energy related investments
NASDAQ TICKER: SPI
Fiscal Year December
Industry Renewable Energy
Recent Price $6.73
Market Cap $160.6M
Shares Out. 23.9M
Float 16.1M
Avg. Volume (90-day) 827,377
Revenue (ttm) $138.6M
Gross Profit (ttm) $16.9M
Cash (mrq) $38.9M
Debt (mrq) $6.3M
As of April 30, 2021 | spigroups.com
PAGE 4
OUR BUSINESS
SPI covers Solar, Storage, and EV. A Full Chain of Renewable Energy Products for Commercial, Utility and Residential markets.
Phoenix MotorcarsOrange Power
• Smart Home EV Charger
• Solar & Storage Project Development• Design, Build & Transfer
• Renewable Energy• Independent Power
Production
Solar+Storage Solutions to Residentials & Small Commercials
ZBB/Meineng Storage
• Storage Technology• Storage System solution
provider
• EV Shuttle Bus • EV Truck• Commercial EV Charger
UT
ILIT
Y &
C
OM
ME
RC
IAL
RE
SID
EN
TIA
L
SPI Solar
SOLAR STORAGE EV
SOLAR & STORAGE
EV
EV
Phoenix Motorcars
PAGE 5
INVESTMENT HIGHLIGHTS
1. Well Positioned in Fast Growing Electric Vehicle (EV) and Renewable Energy Market
2. Proven Record of Delivering Renewable Energy Solutions to Global Market for 16 years
3. Leading Manufacturer of Medium-Duty EV Bus & Trucks, made in California with 2.3 million+ miles of on-road experience
4. Strong Revenue Base and Trend Towards Near-Term and Long-Term Profitability
5. SPI Subsidiaries, Phoenix Motorcars,SolarJuice & Orange Power are Ready to IPO, with SPI Retaining ControllingOwnership. Growing to a Renewable Energy Holding Group.
6. Leading Renewable Energy Solution Provider for Residential Market inAustralia
7. Strong, Experienced InternationalManagement Team
8. Trading at Significant Discount vs. Peer Group Multiples
PAGE 6
SMART HOME ENERGY SOLUTIONS
AVAYA STADIUM, FL
FT BRAGG AQUATIC CENTER, CA LIVERMORE OUTLETS, CA
MARLINS STADIUM, FLAMWAY CENTER, FL
UC MERCED, CA
End to end clean energy solutions for residential and small commercial
• Hardware & Software Design• Kits & Components Distribution• Consumer Sales & Service• Builder/Manufacturer Installation
Whole value chain expertise for low cost high performance.
PAGE 7
RENEWABLE ENERGY SOLUTION FOR RESIDENTIAL
Leading provider of solar and clean energy products and solutions in the Pacific region:
5,000+700B2B ACCOUNTS
ACTIVE CUSTOMERS
600+MW PANELS
1,400+MW INVERTERS
40+MW BATTERIES
Gained significant market share in Australia since launch in 2009
5,000+ B2B accounts since established and 700 active customers orderingmonthly
Delivered 600+ MW Panels, 1400+MW Inverters, and 40+MW Batteries
PAGE 8
SOLAR4AMERICA –THE HISTORY
1 MILLON+ROOFS INSTALLED
EST. 1984
26,000+SOLAR SYSTEMS INSTALLED
LAUNCHED SOLAR 2008
$345 MILLIONin sales in FY2019
Operation in 5 STATES
Petersen-Dean
• At its peak largest residential roofing company in the US
• Leading solar installer in CA and other markets
• Hard-hit by Covid and filed for bankruptcy in Jun/2020
• Solarjuice purchased substantially all Petersen-Dean operating assets in Feb/2021
PAGE 9
SOLAR4AMERICA –THE VALUE
Assembly Bill No. 178
AB-178
Decades of Roofing Expertise
Offering Tomorrow
Offering Today
Australia
California
Colorado
Florida
Nevada
Texas
United States
+ New Zealand & Pacific Region
All 50 States Through Franchise
Caribbean & Other America Market Through Distribution
• Brand equity: Recognized brand in CA and throughout the United States
• Installation expertise: no other solar installers know the roof as well. One of the leading renewable energy companies awarded the PDI installation contract despite bankruptcy. Now the contract expands into all 5 markets.
• Favorable policy environment: CA mandate on homebuilders to pre-install solar systems from 2020
• Positioned in future growth markets: TX/ FL/ CO/ NV
PAGE 10
Research and Product Development
Livermore, CA, USA
Sydney, Australia
HISTORY OF INNOVATIONS
2015 OpalSolar products released (Australia)
2017 OpalStorage product line released (Australia)
2017 Solar4America notched polymer roofing batten with measured detachable sections patented
2021 Solar4America solar module & energy storage system (USA)
2021 Cloud based hardware monitor and maintenance platform
INNOVATIONS MEET THE MARKET
PAGE 11
• The panels are produced by ISO 9001 and ISO 14001 certified facilities.
• Back-to-back warranty agreements provide peace of mind.
OpalSolar
Opal Switch
Advanced Battery Energy Opal Switch offers single phase inverters, for smaller residential users. It is a complete package that is small, lightweight with a maximum performance efficiency of 98.2%
The Opal family of clean energy products:
• Tier 1 manufacturers
• Proprietary Design
• Independent Quality Control & independent factory acceptance testing
• Local technical support in Australia
AUSTRALIA
PAGE 12
RESIDENTIAL SOLAR MODULE
S4A-360
• 9BB half-cut cell technology
• Significantly lower the risk of hot spot
• Excellent Anti-PID performance 2 times of industry standard
• No water-permeability and high wear-resistance, can be widely used in high-humid, windy and dusty area
• IP68 junction box with high waterproof level
120 Half-Cell9bb Half-cut Mono PERCFull Black360W
San Jose Earthquakes Sponsorship San Jose Earthquakes Avaya Stadium Solar Array
PAGE 13
• Fully certified for US market
• 80KWH and 30KW capacity highly integrated all-in-one system
• AC coupled for fast installation
S4A Energy Storage System
for Commercials
SELF DESIGNED STORAGE BATTERY PRODUCTS
Australia’s Favorite OpalStorage
• Advanced Battery Energy Storage (BESS+)
• Designed by Solarjuice
• Highly integrated design includes battery, BMS, inverter in cabinet, solar array DC switch etc.
S4A-HYBRID Energy Storage System For Residentials
• The S4A-HYBRID is designed DC and AC hybrid working mode
• Intelligent remote monitoring and maintenance
• 2, 3 or 4 MPPT per inverter
• Max Efficiency up to 98.24%
• Highly reliable BMS designed
• Certified and comply with latest CA rule 21 smart grid requirements
• Modular BMS design for easy capacity expansion.
PAGE 14
CLOUD BASED RESIDENTIAL ENERGY SOLUTIONS SOFTWARE SERVICESmart Meter Management Service
Desktop Mobile
INVERTER ANALYSIS
REAL TIME DISPLAY
BATTERY ANALYSIS
PAGE 15
From Installation & Distribution to a Smart Energy Home Solution Provider
WE ARE EVOLVING
Solar Roof Storage ❯OEM Products
Solar Battery MonitoringHardwareSoftware WorldStandardized Kit Franchise & Dealership
One Time Transaction ❯Long-term Energy Management Services
Inhouse Sales & Installation ❯Franchise & Dealership Model ❯
Quick Expansion into New Markets
Roofing EV Charger
PAGE 16
COMMERCIAL & UTILITY SOLAR STORAGE PROJECT DEVELOPMENT
Data Collection & OpportunityAssessment
Strategy & Detail, and Planning &
Development
Financing & Construction
Operation &Transfer
PAGE 17
INTRODUCTION OF SPI SOLAR
SPI Solar (Solar Power Inc.) started business in Sacramento, CA in 2006
Focused on development, engineering, procurement, construction, and transferring of utility & distributed solar power plants, micro-grids, energy storage, and customized sustainable energy solutions.
Delivered some of the most recognizable solar PV projects in the world, namely Sacramento King Stadium and Staples Center
Established a long term relationships with leading component suppliers / EPCs to achieve best “price-to-performance” for our customers.
Our Aerojet project was selected by then California Governor Arnold Schwarzenegger to serve as a backdrop for a press conference where the Governor signed an executive order calling for 33% of California’s energy to be derived from renewable sources.
PAGE 18
HIGH-PROFILE SOLAR STORAGE PROJECT DEVELOPMENT
0.71MW in Sacramento, CA0.53MW in New Jersey, NJ
6.35MW in Japan 5.88MW in Italy
7.8MW in Palm Springs, CA
731kW California ISO, Folsom, CA
47.73MW in UK
0.51MW in Los Angeles, CA
4.9MW in White Rose, CA 1.75MW Temescal Canyon RVTemescal, CA
1.8MW BPUSD Series Project, CA
158 kW 20th Century FoxLos Angeles, CA
PAGE 19
SOLAR & STORAGE MARKET
Solar PV generation increased 22% (+131 TWh) in 2019 and represented the second-largest absolute generation growth of all renewable technologies.
As competitiveness continues to improve, solar PV is still on track to reach the levels envisioned in the IAE’s Sustainable Development Scenario, which will require average annual growth of 15% between 2019 and 2030.
SOURCE: IAE World Energy Outlook (October 2020)
OPERATING
620,242 MW of Solar
55,300 MW of Storage
PLANNED
10,000,000 MW of Solar765,155 MW of Storage
PAGE 20
SOLAR STORAGE PROJECT DEVELOPMENT PIPELINE
Oregon: Community Solar
• 18MW-DC portfolio in Greater Portland Area.
• Community Solar allows homeowners and businesses to subscribe to an offsite solar farm for their electricity.
Hawaii: Tranche 1 Projects(Total 6.9MW)
Hawaii: Tranche II Projects(Total 4.7MW)
Hawaii: Tranche III Projects (Total 10.27MW)
Massachusetts: Energy Storage Project
MA Lovers Lane (6.5 MW) solar photovoltaic (PV) and 5.45 MWh energy storage project in Massachusetts
PAGE 21
ORANGE POWER INTRODUCTION
Independent Power Producer (IPP)
Power Grid
Sell Energy
• Initial focus on European and U.S. markets.
• Target markets feature established and relatively stable regulatory environments for solar.
• Over $100M of equity invested in these projects
• Consistently stable electricity sale cash flow
• Plan to spinoff Orange Power subsidiary in IPO
PAGE 22
ORANGE POWER VALUE CHAIN
Stability
Own and operate a portfolio of distributed energy resources (DER) including solar photovoltaics and storage.
Utilize long-term contracts, called Power Purchase Agreements (PPAs) to sell energy to credit-worthy off-takers, resulting in stable and predictable cash flows.
Acquire solar projects in various stages of development and construction to increase the asset base and drive growth.
Support clean, renewable energy sources while providing customers with flexible solutions and returnsto investors.
Our Mission
Growth
Independent Power Producer (IPP)Core Business
PAGE 23
ORANGE POWER BUSINESS
and Others
Utilities, Commercial &
Industrial (C&I)
Development Production Consumption
Planning
Development
Construction
Operation
Acquisition
Consumption
Electricity Production & Sale
Distribution
End Customer Servicing
PAGE 24
ORANGE POWER PROJECTS
Current Pipeline
FUTURE TARGET PIPELINE
In Operation
Country Project nameAttributable
capacity (MW)Ground/ Rooftop
Connection date FIT terms
Greece HELIOSTIXIO SA 1.082 Ground September 2012 EUR0.215/kWh
Greece HELIOHRISI SA 1.988 Ground June 2012 EUR0.215/KWh
Greece THERMI SUN SA 4.400 Ground June 2012EUR 0.215/KWh for the 3.4MW
and EUR 0.25/KWh for the 0.7MW
Japan Ibaraki 0.2744 Ground December 2014 JPY36/kWh
Italy ItalsolarS.r.l. 0.993 Ground December 2009 EUR0.325/kWh
U.K. Cairnhill Solarfield Limited 3.0906 Ground February 2016 1.3 ROCs
U.K.Emotion energy Solar One Limited
4.971 Ground March 2016 1.3 ROCs
Total 16.8
CountryAttributable
capacity (MW)Ground/Rooftop
Scheduled Connection date
FIT terms
US 0.71 Ground 2021<500kW:
$0.238/kWh
US 1.8 Ground 2022>500kW:
$0.236/kWh
US 11.77 Ground 2021 N/P
US 5.67 Ground 2022 N/P
US 420 Ground 2023-2025 N/P
Total 439.95
PAGE 25
EXISTING PROJECTS AND CURRENT PROJECT PIPELINE
Greece12 Projects
7.47 MW
U.K.2 Projects
8.1 MW
Hawaii29 Projects
12.2 MW
Oregon6 Projects17.5 MW
In Operation (16.8 MW) Current Pipeline (29.7 MW)
(future target pipeline)U.S.A.
Timeframe: 2023-202530 Projects 420.0 MW
Italy1 Project1.0 MW
Japan1 Project0.3 MW MASSERIA SIERO STINGE, LATERZA – 0.993 MW
TURIFF, ABERDEENSHIRE, AB53 - 3.09 MW
THERMI SUN SA, GREECE – 4.4MW
PAGE 26
EV SOLUTION BUSINESS – PHOENIX MOTORCARS
• Phoenix Motorcars (“Phoenix”) is an electric drivetrain manufacturer for medium-duty commercial vehicles
• Final Stage manufacturer integrating its electricdrive trains into new commercial vehicle chassis
• 2.3 million+ miles of on-road experience andthe most deployments in its class
• Phoenix has built a trusted EV brand for themedium-duty commercial market
American-made with the majority of key components sourced locally and with final assembly in California
PAGE 27
EV SOLUTION BUSINESS – PHOENIX MOTORCARS
• Phoenix Motorcars is dedicated to accelerating the adoption of clean transportation through advanced technology solutions, while making the planet a better place
• Phoenix is one of the largest manufacturers of medium duty electric vehicles in the US, with customers across a wide range of applications including cities, transit agencies, airports, campuses and other commercial fleets
• Provide EV charger AC/DC solutions with a competitive package
• Phoenix assists customers with all their clean energy requirements including infrastructure, solar solutions and clean energy financing
PAGE 28
HISTORY OF INNOVATION & EXECUTION | KEY MILESTONES
1st customer delivery of ZEUS 300 electric shuttle to the LA Air Force Base
Q42014
1st all-electric work truck delivered
to City of Irvine
Q12016
1st all-electric fleet deployed at LAXWally Park parking complex
Q2-Q42016
1st all-electric bus deployed at NASA’s Jet Propulsion Laboratory
Q22015
1st all-electric Dial-a-Ride deployed in City of South Pasadena
Q42017
Marketing launch of 2nd gen. High Power Drive
System for Ford E-450 chassis
Q22018
Signed strategic partnership with Forest River Inc. and Creative Bus Sales to be exclusive supplier of drivetrains for all-electric Starcraft buses built on the Ford E-450 chassis
Q42018
Won the US EPA-SCAQMD grant to deploy 29 all-electric shuttle buses across 4 key airports in Southern California
Q12018
Deployment of 2nd gen. High Power Drive System with 3 deliveries to Park&Zoom in Austin, TX
Q12019
Completed 2.3+ million all-electric milesSecured FTA AIM Grant for Autonomous ShuttleSecured DOE Grants for Shuttle Bus & Trucks Deployments in Tennessee / Texas
Q22020
Record deliveries in 20192019
Acquired by SPI Energy subsidiary EdisonFutureQ4
2020
Developing cutting edge zero emission drivetrains for medium duty vehicles
Q22010
Founded in 2003 and headquartered in Ontario, CA
Q22003
PAGE 29
EV SOLUTION BUSINESS – PHOENIX MOTORCARS
Product Portfolio• Leading manufacturer of all-electric zero emission
medium duty vehicles built in the US
• Built on the Ford E-450 chassis, Phoenix offers a wide range of products including shuttle buses, utility trucks, service trucks, flatbed trucks, walk-in vans, cargo trucks and school buses
• American-made and Buy America Compliant with majority of key components sourced locally and final assembly in California
Our Fleet of EV’sOver 2.3 million zero emission miles, reducing 6.6+ million pounds of carbon emissions,equivalent to 3,400+ acres of carbon sequestering forest and saving over $1.2 million in fuel costs for customers
PAGE 30
OUR ELECTRIC DRIVE SYSTEMS
• Cost per mile of $0.12 vs. $0.54 & $0.73 for an equivalent CNG & gas bus, respectively
• Lower maintenance costs
• Interior noise levels reduced by at least 10 dB when compared to equivalent gas vehicles
• No gear shifts
• Modular battery packs offering up to 160 mile range
• Dual charging with Level II & Level III capability
• Dual-mode regenerative braking system
• GVWR 14,500 lbs.
• 61 Metric Tons of CO2
reduction annually over equivalent Gas vehicles along NOx and particle matter reduction
• Equivalent to carbon sequestered by 1,009 tree seedlings grown for 10 years
Lower Cost of Ownership Quieter, Smoother Ride Emission Reduction Improved Performance
PAGE 31
OUR PARTNERSHIPS
OUR PRODUCTS
Electric Type A School Bus Configuration Options§ MFSAB
§ Interior and exterior camera system
§ Integrated child booster seats
§ GPS
§ WIFI for passengers
Electric Shuttle Bus Configuration Options§ Perimeter seating
§ Forward facing seats
§ ADA wheelchair access
§ Luggage racks
§ All accessories available on ICE shuttles
ZEUS 500 – Electric Truck Options
ZEUS 400 – Electric Shuttle BusZEUS 600 – Electric Type A School Bus
Flatbed TruckParcel / Cargo Truck
High Roof - Utility Truck
Short Roof - Utility Truck
Service Truck Box Truck
Custom Bodies & Accessories
OUR CUSTOMERS
EZ ZEUS – AutonomousElectric Shuttle
PAGE 32
EV CHARGING SOLUTIONS
Product Portfolio
• Level II AC Charger Clipper Creek – CS-100 J1772 AC Single Port Charger
• Single Port J1772 standard
• Input Voltage: 208V AC Single Phase
• Output Power: 80 Amps 13 kW
Level III DC Charger BTC Power – CHAdeMO DC Dual Port Fast Charger
• Dual Port – CHAdeMO and CCS
• Input Power: 480 VAC or 208 VAC, 3-Phase
• Nominal Output DC Voltage: Up to 125 Amps @ 400 V
• Charge from 20-60% in ~ 1 Hour
PAGE 33
GROWTH OPPORTUNITY FOR EV
Significant Market Opportunity
Rapid Growth in EV
Penetration of the Medium Duty (Class 4-6) Market
EV penetration for this segment will reach 16% by 2030
Targeted Medium Duty US Sales Forecast
Source: IHS Market Data, Phoenix Management Estimate, Bloomberg New Energy Outlook
PAGE 34
VISION FOR MEDIUM - DUTY ZERO EMISSION TRANSPORTATION MARKET
Short Term – Integrators
Medium Term Gliders /In Line Production
Long Term - Ground Up Designs
Preferred by Transit Agencies, School Buses, Utility Truck Fleets and Custom Truck Bodies
Preferred by Last Mile Delivery Fleets & Few Shuttle Fleets
A Mix Of Legacy Chassis & Ground Up EV Centric Designs
Large Fleet Deployments: • Selected by one of the largest truck fleets in the US to develop
and integrate electric drivetrains for their trucks
• Working closely with large fleets to enable their transition to zero emission vehicles
Autonomous E-450 Shuttle Bus: • Awarded FTA grant to develop a Level 4 Autonomous all-electric
shuttle bus in partnership with a leading AV technology company
New Products: Development of New Drivetrains:• Develop drivetrains for other Class 4, 5 & 6 chassis
Develop Own Chassis / Ground-up Products:
2021 & BEYOND
Collaboration with Global OEMs for New EV Launches in the US Market:
Delivery Fleet Deployment:
• Phoenix is working with various large last-mile delivery and service fleets to help them switch to zero emission trucks
PAGE 35
ACCOMPLISHED MANAGEMENT TEAM
§ Ex-Chairman of the Management Board and Chief Executive Officer of a publicly- listed company
§ 30 years of engineering and operation experience in the solar and electronics industries
§ Master of Science in computer integrated manufacturing from Nanyang Technological University,Singapore
§ One of the Pioneers & Entrepreneurs in Renewable Energy industry from early 2000
§ Lead several companies going public in NYSE & Nasdaq over his career
§ 20 years of Renewable Energy industry experience in solar, battery storage, EV and EV charging
§ Graduated from Beijing University Guanghua School of Management with an executive MBA degree
Denton PengChairman & CEO
Hoong Khoeng CheongCOO
Chris WangSVP of Finance
§ Mr. Chris Wang, SVP of Finance, has been CEO of Redwood Group International since 2017 and senior partner of SAIF Xinhuihuang Asset Management Co., Ltd since 2018.
§ Served as the President and CFO of Fushi Copperweld, Inc from 2005 to 2016 and CFO of Fushi Copperweld.
§ Bachelor’s in English from the University of Science and Technology Beijing and MBA in Finance and Corporate Accounting from University of Rochester.
PAGE 36
ACCOMPLISHED MANAGEMENT TEAM
§ Started Solar career in 1998 with Solarex in sales, which later merged with BP Solar.
§ Worked in BP Solar for more than a decade.
§ Co-founder of Solarjuice in 2009.
§ Specializes in Handling Sales, Stock Movement, Contracts and Supply management
Andrew Burgess (Australia)
§ Started Solar career in 1997 with Solarex & BP Solar. Worked in manufacturing, planning, raw material sales and global procurement.
§ In 2007 established trading company to supply silicon material to wafer and cell manufactures.
§ Co-founder of Solarjuice in 2009.
§ Managing Supplier Relationships and Marketing activities
Rami Fedda (Australia)Chief Supply Chain Officer of SolarJuice
Jack Lee (Singapore)Vice President of Global Project Development
§ Jack has vast experience in various industries especially in electrical and infrastructure for the last 25 years.
§ Experienced manager in energy, industry infrastructure project/ maintenance and solar PV construction.
§ Well-versed in project transaction with numerous successful deals and project financing in Southeast Asia, the UK and the US.
Vassilis Orfanos (Greece) Vice President of European Assets Management
§ October 1996 - August 2011, Technical Consultant of the Chairman and Maintenance Manager at Th. Vassilakis Group of companies (AEGEAN Airlines, HERTZ, SEAT, SAAB, OPEL, FORD).
§ January 2012 - today, Construction and Operation Management of SPI in Greece, managing 34MWp solar projects
Joe Mitchell CEO of Phoenix Motorcars
§ 30 years of automotive industry experience includes 20 years directly in the EV market. He started his career with Ford Motor Company of Canada in Operations and Quality.
§ In 2015, he took over as President and CEO of UQM and led the company to win a number of major commercial EV contracts globally.
PAGE 37
KEY FINANCIALS
$126$98
$138
$220
$0
$100
$200
$300
2018 2019 2020 2021
Year Ended Dec. 31
-$2.9
-$19.1
$0.1
-$25
-$20
-$15
-$10
-$5
$0
$5
2018 2019 2020
Year Ended Dec. 31
-$12-$15
-$6.5
-$20
-$15
-$10
-$5
$0
Year Ended Dec. 31
2018 2019 2020
Note: • SPI completed the disposition of China business on Dec 10, 2018• Net profit in 2020 includes a $5.4 million foreign exchange loss
and one-time legal and litigation expense responsible due to Sinsin litigation of $1.6 million
*Revenue guidance of $200M to $240M for 2021
Revenue
Operating Income
*
Gross Margin
Net Profit
12.2%
7.3%
8.8%
$0
$5,000
$10,000
$15,000
2018 2019 2020
Year End Dec. 31
* *
*
13%
5%
0%
8%*
*
PAGE 38
INCOME STATEMENTS
Consolidated Statements of Operations Data2018 2019 2020
($ in thousands, except share and per sharedata)
Revenue 125,582 97,883 138,628
Total cost 114,525 90,693 121,773
Gross profit 11,057 7,190 16,855
Total operating expenses 14,009 26,361 16,764
Operating income (loss) -2,952 -19,171 91
Total other income (expense) -2,853 4,115 -5,898
Loss from continuing operations before income taxes -5,805 -15,056 -5,807
Income taxes expense 332 92 458
Loss from continuing operations -6,137 -15,148 -6,265
Loss from discontinued operations, net of tax -6,122 - -
Net loss -12,259 -15,148 -6,265
Net loss per common share: Basic and Diluted -1.7 -1.20 -0.4
PAGE 39
BALANCE SHEETConsolidated Statements of Operations Data
($ in thousands) 2018 2019 2020
Assets
Total Cash 4,141 2,764 39,782*
Total Current Assets 73,883 56,489 79,315
Net property, plant and equipment 21,150 31,783 32,802
Total non-current assets 114,845 122,354 137,718
Total Assets 188,728 178,853 217,033
Liabilities & Equity
Total Current Liabilities 166,531 170,017 151,560
Total non-current liabilities 22,127 14,311 17,087
Total stockholders’ equity -3,921 -8,184 45,257
Total liabilities and Equity 188,728 178,853 217,033
* Cash does not reflect approx. $18.1M raised in Q1/2021
SPI ENERGY CO., LTD.(NASDAQ GS: SPI)
US Operation Headquarter4677 Old Ironside Drive, Suite 190Santa Clara, CA 95054 www.spigroups.com
Investor ContactDave Gentry, CEO RedChip Companies [email protected]
INVESTOR PRESENTATION