T1 Energy Inc. · NYSE:TE
T1 Energy — Q4 2024 Earnings Presentation
15 slides from T1 Energy's earnings presentation, Mar 17, 2025
Slide 1: Q4 and Full-Year 2024 Earnings Call
Q4 and Full-Year 2024 Earnings Call G1 Dallas oe _—— : Siar Tt Energy _ Q4 and Full-year 2024 Earnings Call 01
Slide 2: Important Notices
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 facts included in this presentation, including, without limi
Slide 3: Participants and Agenda
Participants and Agenda Prepared Remarks rT. Daniel Barcelo Chairman of the Board and Chief Executive Officer Evan Calio Chief Financial Officer Jaime Gualy EvP, Corporate Development Q&A Key messages Overview of T1 Energy and U.S. solar + storage market focus Business update: G1 Dallas operations,
Slide 4: Key Messages
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 most advanced solar module manufacturing facilities = G1
Slide 5: Overview of T1 Energy
Overview of T1 Energy rh Establishing an American advanced manufacturing U.S. solar + battery storage leader G1 Dallas Unique leadership position in U.S. solar manufacturing sector = T1is focusing on the growing U.S. solar + storage market opportunity tied to surging domestic electricity demand grow
Slide 6: T1 is Focused on Solar + Battery Storage
T1 is Focused on Solar + Battery Storage ™ T1 is aligned with the large and rapidly growing U.S. solar + battery storage markets Significant growth implied by solar + battery Solar + storage developments are cost-competitive and can be deployed rapidly interconnection queues (GWpc) = Solar and batte
Slide 7: Executing to Plan
Executing to Plan ™ Highlights of T1’s strategic repositioning | December 2024: § | February 2025: 55 | March 2025: | Closed | Completed sale (5) ; Announced site | acquisition of | of Georgia | selection for G2 | Trina’s U.S. solar | property for net 1 Austin U.S. solar ! manufacturing | Proceeds o
Slide 8: G1 Dallas Operations Update
G1 Dallas Operations Update Tr. Production ramp ahead of schedule at T1’s state-of-the-art U.S. module manufacturing facility 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, commissio
Slide 9: Announcing G2 Austin
Announcing G2 Austin Tr. T1 has selected the Advanced Manufacturing and Logistix campus in Milam County, Texas for its planned U.S. solar cell manufacturing facility G2 Austin Strategic Rationale = Significant future EBITDA accretion expected with upstream vertical integration into U.S. solar cell m
Slide 10: Transaction Update and Timeline
Transaction Update and Timeline ™ Proceeding with next steps of transaction "Transaction Steps Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Closing % of T1 First Conversion Upon obtaining CFIUS ap} Second Conversion Upon obtaining Tt approval Transaction closing achieved in December 2024 = Trina’s Swiss
Slide 11: T1 Financial Summary
T1 Financial Summary rT Summary of notable changes to T1’s financials Closed acquisition of Trina’s U.S. solar manufacturing assets on accelerated schedule in @42024 11 Balance Sheet Summary! * Transaction consideration included $150 million of cash, 9.9% of T1 common equity, and previously disclose
Slide 12: G2 Austin Project Development Overview
G2 Austin Project Development Overview G2 Austin is the key step to developing a pathway to maximize U.S. domestic content of T1’s solar modules Authorizing initial project development spending on G2 Austin T1's project team is Initiating FEED work Targeting start of project execution in Q2 - Q3 202
Slide 13: Unchanged 2025-2026 Operating and Financial Guidance
Unchanged 2025-2026 Operating and Financial Guidance Positioned to deliver significant potential earnings and valuation upside for T1 shareholders Annual Module Production (GW) 3.4 5.0 5.0 Annual Cell Production (GW) -- -- 5.0 Sales channel: contracted/merchant (%) 45%/55% 30%/70% 40%/60% Projected
Slide 14: Vertically Integrating T1's U.S. Solar Supply Chain
rT. Vertically Integrating T1’s U.S. Solar Supply Chain Focused on maximizing U.S. domestic content of T1’s solar modules Executing multi-stage plan to expand the domestic content share of T1’s solar modules = — G2 Austin U.S. solar cell facility is the centerpiece of T1’s domestic content strategy
Slide 15: Advance T1's corporate transformation
Advance T1’s corporate Expand T1’s American Build a cash flow transformation made supply chain powerhouse ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪