Company Presentation CTPVAG 0906 - 百富非凡國際 …. Peter Fath Interim Technology Director Dr. Dieter Schmid Technology Director Dr. Frank Stubhan Operations Director Jörg

Silicon & WaferSolar cell & ModuleThin film moduleSemiconductor

Company PresentationJune 2009

Silicon & WaferSolar cell & ModuleThin film moduleSemiconductor

2© centrotherm photovoltaics AG Company Presentation File: ctpv_0906.pot

centrotherm photovoltaics AGBlaubeuren, Germany

centrotherm Sitec GmbHBlaubeuren/Burghausen,Germany

centrotherm thermalsolutions GmbH & Co.KGBlaubeuren, Berlin, Dresden,Frankfurt (Oder), Hanover,Germany, France, Asia,USA

centrotherm photovoltaicstechnology GmbHConstance, Germany

centrotherm photovoltaics Italia S.r.ITreviso

centrotherm photovoltaics Asia Pte. Ltd.Taiwan, Singapore

centrotherm photovoltaics Trading (Shanghai) Co. Ltd.Shanghai

FHR Anlagenbau GmbHOttendorf-Okrilla, Germany

GP Solar GmbHConstance, Germany

Michael GlattMaschinenbau GmbHAbensberg, Germany

centrotherm photovoltaics USA Inc.Beverly, Massachusetts

centrotherm presence worldwide


centrotherm photovoltaics Headquarters, Blaubeuren

GP Solar, Konstanz

FHR Anlagenbau GmbH, Dresden

Glatt Maschinenbau GmbH, Abensberg

GP Inspect GmbH, Martinsried

centrotherm SiTec GmbH, Burghausen

Presence in Germany

centrotherm photovoltaics AG

Johannes-Schmid-Straße 889143 Blaubeuren, Germany

Phone: +49(0)7344 - 9188 803Fax: +49(0)7344 - 9188 388

[email protected]


Profitable GrowthSales: € 375 m (+125,4%)

EBIT*: € 55,7 m (+163,8%)

EBIT margin: 14,9% (2007: 12,7%)

Enhancement of competitive position

Record order backlog:~ € 1 billion

Expansion of capacity New production plants inDresden and Blaubeuren

Head count: 1.050

Established pilot line

Development of centrotherm in 2008

*Before purchase price allocations


Value chain crystalline solar cell

SiliconIngot &Wafer Solar cell Module CIGS

Thin filmce

ntro

ther

mph

otov

olta

ics

Turnkeylines

KeyEquipment

Consulting

Service

FabEngineering

KeyEquipment

Consulting

Service

Turnkeylines

KeyEquipment

Consulting

Service

Turnkeylines

FabEngineering

Consulting

Service

Turnkeylines

KeyEquipment

Consulting

Service

Market PositioningComprehensive Photovoltaic Technology Portfolio


Sales & Service

Company Structure

CTPV Asia Pte. Ltd., Taiwan Branch

CTPV USA Inc. CTPV Italia S.r.L.CTPV Asia Pte. Ltd., Singapore

Dr. Albrecht MozerTechnology Director (Speaker)

FHR Anlagenbau GmbH centrotherm photovoltaicstechnology GmbH

Dr. Peter FathInterim Technology Director Dr. Dieter Schmid

Technology Director

Dr. Frank StubhanOperations Director Jörg Talaga

Operations DirectorDr. Harald WankaOperations Director

Silicon & Wafer Solar cell & Module Thin film module

Robert M. HartungCEOSpeaker of the Board

► Strategy► Business Development► Head Silicon & Wafer

Hans AutenriethCEO

► Sales► Strategic Alliances► Head Thin Film Module

Oliver AlbrechtCFO

Dr. Peter FathCTO

► Technology► Marketing► Head Solar cell & Module

centrotherm SiTec GmbH

Michael Harro LieseMarketing/Sales Director

Holger HilsenitzFinance Director

► Finances and Accounting► Investor Relations and HR

centrotherm thermal solutions GmbH & Co. KG

GP Solar GmbH / GP Inspect GmbH

Michael Glatt MaschinenbauGmbH



Polysilicon, Ingoting, Wafering- High energy-efficiency- Well proven process- High production capacity

Technology

Architecture for new cellgeneration (ct proprietary)Production processimprovement

CIGS technology- High efficiency potential- High throughput process- No toxic gases

Processes & Services

Engineering for polysiliconplant includes- TCS Production

- Deposition- Vent Gas Recovery

- Ingoting- WaferingRamp-up and process transferConsulting Step 1-3 of PV value chain

Turnkey production processCell manufacturing process- Nitride- CVD- Metallization- Wet chemicalAutomationFacility designProduction line layout

Turnkey production processCIGS manufacturing process- Sputter- Annealing- Wet chemical- AutomationFacility designProduction line layout

Equipment Competence

Key equipment: CVD ReactorSTC-CTS ConverterVent Gas RecoveryMulti Crystalline Ingot Furnace

Batch furnaceInline furnaceInspection tools

Sputter equipmentSelenium deposition equipm.Annealing systems

Solar Cell & Module Thin Film Module

Roadmap

Next generation CVD ReactorIntegrated fab- STC-TCS Converter- Advanced VGR- Slurry Management, Wafering

20% cell efficiencySpecial tools for 18%+ process

Efficiency 12%+Manufacturing costs < 1,- €/WPYield guarantee 80%+

Silicon & Wafer

Portfolio: Major Equipment and Technology


Silicon & Wafer Solar Cell

EquipmentEquipment (Reactor & Converter, Vent Gas Recovery System)

Sputtering Equipment

Selenization Systems

Module

5/10/30 MW Module Production Lines

Fab Design

Facility Design

Technology

Equipment

Turnkey & Single Equipment

2,500 t Silicon Production Plant

30/50/60/120 MW Solar Cell Production Plant

30/50/100 MW CIGS-Thin Film Modules Production Line

Thin Film CIGS* Technology

*CIGS= Copper Indium Gallium Diselenide

new!

new!

Portfolio: Major Equipment and Technology


Market Development

0

10

20

30

40

50

60

70

80

90

100

110

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022

subsidy driven consumer grid parity off-grid utility grid parity

bright futurePV = established industryreduced costsunny take-off

wave of start-upsstart of mass productionsilicon shortagehigh margins

consolidation phaseindustry consolidationprice decline

GW production volume

grid parity consumertake-off

grid parity utilitytake-off

centrotherm photovoltaics AGMarket & Technology Research


Polysilicon Production Plant

Vent Gas Recovery UnitTreatment of vent gases

Capacity: 2,500 t/a polysilicon

Highest recovery rates

Reactors & CovertersHigh capacity

High purity

Low energy

Conversion of silicon tetrachloride to trichlorosilane

Cost efficient process

Products & Services:

- Fab design & engineering

- Key equipment(CVD reactors & STC-TCS converters)

- Technology

R&D:

- Next generation of CVD reactor

- Multi Crystalline Ingot Furnace

Lab CVD ReactorQuality assurance

Training and process optimization

Plug & play package unit


Crystalline Solar Cell Turnkey Line

Wafer Inspection SystemQuality control and sorting of raw solar wafers in terms of

Geometry

Mechanical stability

Resistivity

Thickness

Carrier lifetime

Process EquipmentDirect plasma nitride layer

POCl3 diffusion

Highest process performance

Low cost of ownership

Processes: diffusion, oxidation, PECVD, LPCVD and annealing

Market leadership

Inspection SystemInline system

Checking optical quality of metal print pattern

Direct feedback to the operator

Conveyer FurnacesInline solar cell production

Highest throughput

Low cost of ownership

Different types for: drying (type HTO), sintering (type FF) or combination (type FF-HTO)

Market leadership

Leading in Efficiency:

Mono-crystalline: 18+%

Multi-crystalline: 16.6%Yield: 96%

Leading technology in turnkey solutions

Leading technology in direct plasma PECVD nitride layers


Crystalline Solar Module Production Line

SupportFeasibility studies & business plans

Certification & training

Purchase & sales

Consultancy services (e.g. line optimization cell -> module production)

Turnkey PackagesLight Line: part-automated, 5-15 MWp/a

Midi Line: automated, 30 MWp/a

Maxi Line: fully automated, 30-100 MWp/a

Automated equipment(Maxi Line)

Stringer

Lay-up station

Laminator

Trimming

Framing and junction-box setting

Module tester

Packaging


Thin Film Turnkey Line

Sputter EquipmentDeposition of:

front contact (Zinc Oxide)

metal back contact (Molybdenum)

absorber film (Copper-Gallium-Indium)

Selenium SystemAtmospheric pressure deposition

Internal automated handling tools

Exhaust treatment to recover excess selenium

Products & Services

Facility design

Fab design

Engineering

Key equipment

Technology

CIGS technology:

- High degree of efficiency (20% in the laboratory)

- Highest potential for reducing production costs (€ /Wp)

- No use of toxic process gases

- Free choice of cover glass

- No degradation

- Very short cycle times


Grid Parity Factory

Silicon

0,45€

1,26 €/Wp

Module

Module manufacturing target cost

Cell Ingot

0,21€/Wp 0,45€/Wp0,18 /Wp 0,28€//Wp0,14 €/Wp

Canada Germany

PV system cost0,90 € /Wp BOS (Balance Of System Cost)

0,13 € /Wp 10% overhead0,35 €/Wp 25% margin

1,26 € / Wp module manufacturing cost

2,60 € /Wp PV system costGrid Parity: for roof top systems in Southern Italy at 0,30 €/kWh grid electricity

PV Power Plant

MG Si Plant

PolySi Plant

Ingot Plant

Solar Cell Fab

Wafer Fab

Solar Module Fab

Administration

Solar Academy

Parameters Grid Parity Factory

Example layout at one location

Poly Si (TCS / "Siemens"): 2500 tMulti ingot: 2273 tMulti wafer: 97,2 million waferCell: 93,8 million cellsModule: 347 MWCAPEX ~720 Mio €

Wafer


2008

History of Success Since IPO in 2007

2007 2009

November

Successful IPO

October

Admission to TecDAX

December

Acquisition of FHR

„First silicon out“

MarchAcquisition of Michael Glatt

November

October

- Capital increase and integrationof sister company CTTS*

- Bundling of silicon expertise in newly founded centrotherm SiTec

MarchNew locations in Italy and USA

Foundation of Taiwan branch

January

- Successful reactor start- Technical center at work- Complete takeover of GP Solar

April

SeptemberNew optical measurement systems launched

AugustComplete take-over of SolMic

Launch of Vent Gas Recovery System

July

*centrotherm thermal solutions


Project Execution Schedule

Preparatory Stage

1 Year

1. Initial discussion2. Preparation Business Plan3. Financing conversation A4. Draft contract5. Signature supplier6. Financing conversation B7. Possibly consultation8. Counter-signature customer9. L/C / Downpayment10. Acceptance for order backlog

1. Year

Solar Cell

Thin Film

Silicon

2. YearsProjectStart

3. Years

Example of project execution


Contact

Contact: Dr. Peter FathCTOcentrotherm photovoltaics AGJohannes-Schmid-Strasse 889143 BlaubeurenTel +49 (0)7344 918-8222Fax +49 (0)7344 918-9389


Documents

Company Presentation CTPVAG 0906 - 百富非凡國際 …. Peter Fath Interim Technology Director Dr. Dieter Schmid Technology Director Dr. Frank Stubhan Operations Director Jörg