Slide 1: First Solar Q2'24 Earnings Call
First Solar Q2’24 Earnings Call July 30, 2024
Slide 2: Important Information
| Important Information Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in this presentation, other than statements of
Slide 3: Second Quarter 2024 Update
| Second Quarter 2024 Update Year to date net bookings of 3.6 GW; 0.9 GW of net bookings since previous earning call Demand Total bookings backlog of 75.9 GW extending through 2030 Total bookings opportunities of 80.6 GW; 28.6 GW mid-to-late stage Production: S6 2.5 GW / S7 1.2 GW Manufactur
Slide 4: Facilities Update
| Facilities Update Ohio Expansion and R&D Facility Alabama Manufacturing Facility Louisiana Manufacturing Facility © 2024 Copyright First Solar, Inc. Commissioned July 2024 Expected Q3 2024 Expected 2H 2025 Incremental Manufacturing Capacity: 0.9 GW Incremental Capacity: 3.5 GW Incremental Capacity
Slide 5: World Record CdTe Research Cell Technology
| World Record CdTe Research Cell Technology 23.1% © 2024 Copyright First Solar, Inc. 5
Slide 6: Expected Module Volume Sold (GWDC)
| Expected Module Volume Sold (GWDC): 85.0 78.3 GW 6.1 GW 2.3 GW 74.6 GW [6.7] GW 1.3 GW 75.9 GW 9.9 GW 80.0 75.0 70.0 65.0 60.0 48.3 GW 55.0 50.0 45.0 40.0 35.0 (9.3) GW 30.0 25.0 20.0 15.0 10.0 5.0 - Dec 31, 2023 (1) YTD Volume Sold as of YTD Net Bookings as of Jun 30, 2024 (4) QTD Net-Bookings Ju
Slide 7: Potential Booking Opportunities
| Potential Booking Opportunities Total bookings opportunities Mid-to-Late stage opportunities 1.00.9 0.3 10.2 3.7 68.5 24.6 © 2024 Copyright First Solar, Inc. 4.1 GW of opportunities confirmed, but not booked 80.6 GW Opportunity 28.6 GW Opportunity 7
Slide 8: Income Statement Highlights
| Income Statement Highlights (In millions, except per share amounts)(1) Q2 2024A Q1 2024A Q2 2023A QoQ Change YoY Change Net sales $1,010 $794 $811 $216 $199 Gross profit % 49.4% 43.6% 38.3% 5.8% 11.1% Selling, general and administrative 47 46 46 1 1 Research and development 52 43 37 9 15 Productio
Slide 9: Balance Sheet Highlights
| Balance Sheet Highlights Q2 2024A (In millions)(1) Q2 2024A Q1 2024A Q2 2023A QoQ Change YoY Change Cash and marketable securities(2) $1,754 $2,011 $1,899 $(257) $(145) Accounts receivable 648 670 631 (22) 17 Inventories - current and noncurrent 1,302 1,236 1,013 66 289 Property, plant and equipme
Slide 10: 2024 Guidance as of July 30, 2024
| 2024 Guidance as of July 30, 2024 (1) Prior Current Expected Earnings Cadence Net Sales $4.4B to $4.6B Unchanged “…following the aforementioned termination for convenience…we expect volume sold, revenue and Gross Margin ($)(2) $2.0B to $2.1B Unchanged net cash to be towards the bottom of our guida
Slide 11: Summary and Highlights
| Summary and Highlights Year to date net bookings of 3.6 GW; 0.9 GW of net bookings since previous earning call Demand Current contracted backlog of 75.9 GW Opportunity pipeline of 80.6 GW, including 28.6 GW mid-to-late stage Record Q2 production of 3.7 GW World record CdTe research cell
Slide 12: Copyright and trademarks
© 2024 Copyright First Solar, Inc. First Solar, the First Solar logo, and Leading the World’s Sustainable Energy Future are trademarks of First Solar, Inc., registered in the U.S. and other countries. Series 6, Series 6 Plus, CuRe, Series 6 CuRe, and the Series 6 CuRe logo are trademarks of First So