Slide 1: 1 Company Confidential. Ascent Solar© 2016
1 Company Confidential. Ascent Solar© 2016
Slide 2: Safe Harbor Statement
2 Company Confidential. Ascent Solar© 2016 In addition to historical information, this presentation contains forward–looking statements that are based on assumptions made by management regarding future circumstances over which the company may have little or no control and involve risks, uncertaintie
Slide 3: Who Are We?
3 Company Confidential. Ascent Solar© 2016 Who Are We? Ascent Solar (“ASTI”) is a Fully Integrated Mobility Power Solution Provider Revolutionary and Proprietary Flexible Solar Technology based on CIGS (Copper-Indium-Gallium- Selenium) on Plastic Substrate
Slide 4: ASTI Corporate Vision
4 Company Confidential. Ascent Solar© 2016 ASTI Corporate Vision To Achieve Socially Responsible Global Leadership in Clean and Innovative Power Solutions for Everyone Everywhere
Slide 5: Matchless Award-Winning Technology
5 Company Confidential. Ascent Solar© 2016 Matchless Award-Winning Technology R&D Magazine selected Ascent’s Innovative Monolithically-Integrated CIGS Photovoltaic Product on Polyimide Substrate as one of the 100 Most Innovative Technologies for 2010 Time Magazine Selected Ascent’s Flexible & Lightw
Slide 6: Wider Applications In Multiple Premium Markets
6 Company Confidential. Ascent Solar© 2016 Military/Defense ▪ High power output ▪ Shatterproof and durable ▪ Lightweight, flexible fabric surfaces ▪ Non-glare, non-reflective finish Transportation ▪ Durable in extreme conditions ▪ Extends capabilities of HEVs and EVs ▪ Power can offset/eliminate was
Slide 7: The Solar Market Has Been Commoditized
7 Company Confidential. Ascent Solar© 2016 The Solar Market Has Been Commoditized The game of racing to the bottom of $X per watt www.solarcellcentral.com ~$0.50/W today
Slide 8: Most Thin-Film Companies Were Badly Affected
8 Company Confidential. Ascent Solar© 2016 Structure Chemistry Module Construct Substrate Integration Thin-Film PV Polycrystalline CIGS Monolithic Discrete Discrete Monolithic Monolithic CdTe Rigid Flexible Glass Stainless Steel Glass Plastic Rigid Flexible module The Ascent Advantage Representativ
Slide 9: What Has Ascent Done While Others Fail?
9 Company Confidential. Ascent Solar© 2016 Paradigm Shift in Strategy and Business Model: Pivot away from traditional solar market Focus on high-value PV applications and consumer market • Sell products at $4 - $100/watt compared to $0.50/watt • Customers interested in functionality, lightweight a
Slide 10: Transformation Completed
10 Company Confidential. Ascent Solar© 2016 Transformation Completed Old Ascent Solar (Q1-2012 & before) • PV-only oriented management • B2B model focusing on rooftop market • Capital intensive & high fixed cost • Must achieve economies of scale to reach breakeven cash flow • Compete with commodity
Slide 11: Beginning of New Era of Accelerating Growth
11 Company Confidential. Ascent Solar© 2016 $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 2012 (A) 2013 (A) 2014 (A) 2015 (A) 2016 (P) …………… M ill io n s 37% CAGR Beginning of New Era of Accelerating Growth YOY Organic Revenue Growth $1.3m $5.3m $6.5m $100M Blueprint 110% CAGR $1.2m ?
Slide 12: FY2015 Financial Highlights – Improvements on ALL Fronts
12 Company Confidential. Ascent Solar© 2016 Line Items FY2014 FY2015 +/- ($) % Change Revenues $5.34M $6.54M +$1.2M +22.5% Cost of Revenues (COGS)* N.A. $9.56M N.A. N.A. R&D & Mfg Ops* $18.8M $6.71M N.A. N.A. COGS + R&D & Mfg Ops* $18.8M $16.27M -$2.5M -13.4% SG&A $14.12M $12.36M -$1.76M -12.4% Loss
Slide 13: ASTI is Trading at Significant Discount
13 Company Confidential. Ascent Solar© 2016 ASTI is Trading at Significant Discount • Current Stock Price** : $0.10 • Current Share Outstanding** : 216,406,974 shares • Current Market Capitalization** : ~$21.6m • Cash* : $0.33m • Total Debt* : $7.4m • Enterprise Value** : ~$28.7m • Fixed Assets (Bui
Slide 14: Substantial Investments Not Currently Reflected In Valuation
14 Company Confidential. Ascent Solar© 2016 $0 $50 $100 $150 $200 $250 $300 R&D and Engineering CAPEX Market Capitalization $ Millions Substantial Investments Not Currently Reflected In Valuation Market Cap does NOT reflect the large prior investments of over $200 million in CAPEX, R&D and Enginee
Slide 15: 15 Company Confidential. Ascent Solar© 2016
15 Company Confidential. Ascent Solar© 2016
Slide 16: EnerPlex is About Mobility Power
16 Company Confidential. Ascent Solar© 2016 EnerPlex is About Mobility Power
Slide 17: Mobility Power in Focused Verticals
17 Company Confidential. Ascent Solar© 2016 Mobility Power in 3 Focused Verticals Mobile Power Outdoor Power Emergency Power Thin and Lightweight Power Solutions $6.7B (2015) TAM Rugged and Waterproof Power Solutions $362M (2015) TAM Emergency and Off-Grid Power Solutions $220.4M (2015) TAM
Slide 18: EnerPlex Line of Products
18 Company Confidential. Ascent Solar© 2016 EnerPlex Line of Products Surfr Series Jumpr Series Commandr Series Generatr Series Kickr Series Packr Series
Slide 19: What Sets EnerPlex Apart?
19 Company Confidential. Ascent Solar© 2016 What Sets EnerPlex Apart?
Slide 20: Retail Footprint in US…..and Growing Rapidly
20 Company Confidential. Ascent Solar© 2016 Retail Footprint in US…..and Growing Rapidly MicroCenter – 25 Stores Fry’s Electronics – 34 Superstores TCC Verizon Premium Retailers – 500 Stores Mike’s Camera – 13 Stores Sports Authority – 104 Stores Cabela’s – 16 Superstores
Slide 21: Retail Footprint Worldwide e-commerce
21 Company Confidential. Ascent Solar© 2016 Retail Footprint Worldwide e-commerce
Slide 22: 22 Company Confidential. Ascent Solar© 2016
22 Company Confidential. Ascent Solar© 2016
Slide 23: Space and Near-Space Market
23 Company Confidential. Ascent Solar© 2016 Space and Near-Space Market The National Security Space Office (NSSO) has recently initiated an investigation into Space-based Solar Power (SBSP) The study reports “space-based solar power presents a strategic opportunity” for America that “merits sign
Slide 24: Partnership with Vanguard Space Technologies
24 Company Confidential. Ascent Solar© 2016 Partnership with Vanguard Space Technologies ASTI lightweight PV modules were selected by Vanguard Space Technologies, Inc. (Vanguard) in 2H 2014 to create an ultra-thin, high power-to-weight ratio, large space solar array Vanguard had passed a key tes
Slide 25: Existing Sales - Silent Falcon UAS
25 Company Confidential. Ascent Solar© 2016 Existing Sales - Silent Falcon™ UAS Silent Falcon is a Small Solar Electric UAV 80W of ASTI thin film solar photovoltaic (PV), Lithium-polymer batteries and advanced efficient propulsion system Lightweight, Flexibility, and Durability is a “MUST” to
Slide 26: UAV Market Potential for Ascent Solar
26 Company Confidential. Ascent Solar© 2016 UAV Market Potential for Ascent Solar
Slide 27: Military Specs Portable Solar Blanket - MilPak E
27 Company Confidential. Ascent Solar© 2016 Military Specs Portable Solar Blanket - MilPak™ E
Slide 28: 28 Company Confidential. Ascent Solar© 2016
28 Company Confidential. Ascent Solar© 2016
Slide 29: Recent Corporate Development
29 Company Confidential. Ascent Solar© 2016 Recent Corporate Development Completed $2.8m of Series E Convertible Preferred Shares Financing on 11/10/2015. Of which, ~$1.7m principle amount has been converted. Secured $32.2m of Committed Equity Line on 11/10/2015 which will provide operating capi
Slide 30: Anticipated Corporate Developments
30 Company Confidential. Ascent Solar© 2016 Anticipated Corporate Developments Potential award of a significant contract for our superlight modules for near-space application. Launch of an 8W pocket size version of the military grade MilPak™ E solar blanket for the mass consumer market (shipment
Slide 31: 31 Company Confidential. Ascent Solar© 2016
31 Company Confidential. Ascent Solar© 2016
Slide 32: 32 Company Confidential. Ascent Solar© 2016
32 Company Confidential. Ascent Solar© 2016
Slide 33: Company Snapshot
33 Company Confidential. Ascent Solar© 2016 Incorporation: October 2005; IPO in July 2006 Headquarters: Thornton, Colorado (~139k sf of fab & office space) Headcount: ~135 Employees Technology: Thin-Film CIGS on flexible, plastic substrate Manufacturing: Roll-to-roll manufacturing, monolit
Slide 34: What Makes Ascent Solar Technology Different
34 Company Confidential. Ascent Solar© 2016 Lightweight ASTI CIGS panels weigh a small fraction of conventional c-Si panels CIGS chemistry – highest thin-film conversion efficiency Best Power-to-Weight Ratio (50 - 250 watt/kg) Flexible Numerous applications compared to rigid based PV A
Slide 35: ASTI's Super-Light Modules for Aerospace Application
35 Company Confidential. Ascent Solar© 2016 ASTI’s Super-Light Modules for Aerospace Application ICOSA Magazine, Vol. 4, Issue 2 pp 56-57.