T1 Energy Inc. · NYSE:TE
T1 Energy — FY2024 Earnings Presentation
15 slides from T1 Energy's earnings presentation, Mar 17, 2025
Slide 1: Q4 and Full-Year 2024 Earnings Call
_0 1 TM Q4 and Full - Year 2024 Earnings Call T1 Energy _ Q4 and Full - year 2024 Earnings Call G1 Dallas Pictured: Various stages of G1 Dallas solar panel production process.
Slide 2: Important Notices: Forward Looking Statements
_0 2 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call Important Notices Forward Looking Statements This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . All statements, other than statements of present or historical f
Slide 3: Participants and Agenda
_0 3 TM Participants and Agenda T1 Energy _ Q4 and Full - year 2024 Earnings Call Daniel Barcelo Chairman of the Board and Chief Executive Officer Evan Calio Chief Financial Officer Jaime Gualy EVP, Corporate Development ▪ Key messages ▪ Overview of T1 Energy and U.S. solar + storage market focus ▪
Slide 4: Key Messages
_0 4 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call Key Messages Fueling the next phase of T1’s strategic development ▪ T1 is executing a rapid global corporate transformation to focus on the U.S. solar + battery storage markets ▪ T1 has acquired and is operating G1 Dallas, one of the world’s
Slide 5: Overview of T1 Energy
_0 5 TM Overview of T1 Energy Unique leadership position in U.S. solar manufacturing sector ▪ T1 is focusing on the growing U.S. solar + storage market opportunity tied to surging domestic electricity demand growth ▪ T1 is one of the largest solar module producers in the U.S. with approximately 10%
Slide 6: T1 is Focused on Solar + Battery Storage
_0 6 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call T1 is Focused on Solar + Battery Storage T1 is aligned with the large and rapidly growing U.S. solar + battery storage markets Solar + storage developments are cost - competitive and can be deployed rapidly ▪ Solar and battery industries cost
Slide 7: Executing to Plan
_0 7 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call Executing to Plan December 2024: Closed acquisition of Trina’s U.S. solar manufacturing assets on schedule February 2025: Established Austin, Texas as global corporate HQ February 2025: Completed sale of Georgia property for net proceeds of $
Slide 8: G1 production output ahead of plan
_0 8 TM G1 production output ahead of plan ▪ Combined Jan - Feb 2025 G1 module production exceeded planned production by 48% ▪ Four of seven production lines have been installed, commissioned, and brought online ▪ On track to achieve 2025 production target of 3.4 GW ▪ Three PERC lines and one TOPCon
Slide 9: Announcing G2 Austin
_0 9 TM ▪ Significant future EBITDA accretion expected with upstream vertical integration into U.S. solar cell manufacturing ▪ Positions T1 to be one of the few future integrated U.S. cell/module manufacturers ▪ Provides module customers with increased U.S. domestic content to be well - poised to qu
Slide 10: Transaction Update and Timeline
_0 10 TM Transaction closing achieved in December 2024 ▪ Trina’s Swiss entity received 9.9% of T1 common equity, post - money ▪ First $50 million preferred tranche from Encompass Capital Advisors LLC issued CFIUS process ongoing ▪ Parties to the transaction have filed a joint voluntary notice with C
Slide 11: T1 Financial Summary
_0 11 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call Summary of notable changes to T1’s financials T1 Financial Summary Closed acquisition of Trina’s U.S. solar manufacturing assets on accelerated schedule in Q4 2024 ▪ Transaction consideration included $150 million of cash, 9.9% of T1 common
Slide 12: G2 Austin Project Development Overview
_0 12 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call G2 Austin is the key step to developing a pathway to maximize U.S. domestic content of T1’s solar modules G2 Austin Project Development Overview Authorizing initial project development spending on G2 Austin ▪ T1’s project team is Initiating
Slide 13: Unchanged 2025-2026 Operating and Financial Guidance
_0 13 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call Positioned to deliver significant potential earnings and valuation upside for T1 shareholders Unchanged 2025 - 2026 Operating and Financial Guidance Integrated G1_Dallas Operting and Financial G1_Dallas 2025 Exit+ G2_Austin Annual Guidance S
Slide 14: Vertically Integrating T1's U.S. Solar Supply Chain
_0 14 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call Focused on maximizing U.S. domestic content of T1’s solar modules Vertically Integrating T1’s U.S. Solar Supply Chain Executing multi - stage plan to expand the domestic content share of T1’s solar modules ▪ G2 Austin U.S. solar cell facilit
Slide 15: Committed to generating value for T1 shareholders
_0 15 TM T1 Energy _ Q4 and Full - year 2024 Earnings Call Committed to generating value for T1 shareholders Key Priorities Advance T1’s corporate transformation Expand T1’s American made supply chain Build a cash flow powerhouse ▪ Ramp G1 Dallas production ▪ Advance G2 Austin project and commercial