Ascent Solar Technologies, Inc · NASDAQ:ASTI
Ascent Solar Technologies — Investor Presentation (July 2015)
37 slides from Ascent Solar Technologies's investor presentation, Jul 15, 2015
Slide 1: Victor Lee, President & CEO, July 2015
Victor Lee President & CEO July 2015
Slide 2: Safe Harbor Statement
2 Ascent Solar Confidential 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, uncertainties and other fac
Slide 3: Company Snapshot
3 Ascent Solar Confidential Founded: Incorporated in 2005; Nasdaq IPO in July 2006 Headquarters: Thornton, Colorado (Approximately 139,000 sf of production, warehouse and office space) Headcounts: ~ 150 Employees in Colorado Technology: Thin-Film CIGS on flexible, plastic substrate Manufac
Slide 4: Award-Winning Technology
4 Ascent Solar Confidential 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 as one of the 50 Best Inventions of 2011
Slide 5: What Makes ASTI CIGS Panels Different
5 Ascent Solar Confidential 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 Allows for easy R
Slide 6: Super Light Module for Aerospace Application
6 Ascent Solar Confidential One and only commercially produced CIGS PV on flexible polyimide substrate with monolithic integration > 230 watts/kg includes UAV mission-ready packaging Super light-weight at approximately 400g per square meter Larger module (unit) size reduces integration costs
Slide 7: ASTI is Trading at Significant Discount
7 Ascent Solar Confidential ASTI is Trading at Significant Discount • Current Stock Price** : $0.39 • Current Share Outstanding** : 42,514,370 shares • Current Market Capitalization** : $16.6m • Cash* : $22.8m • Total Debt* : $30.9m • Enterprise Value** : $24.7m • Fixed Assets (Building/Equipment)*
Slide 8: Substantial Investments Not Currently Reflected In Valuation
8 Ascent Solar Confidential $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 Engineering already in
Slide 9: 9 Ascent Solar Confidential
9 Ascent Solar Confidential
Slide 10: Dynamics of Current Solar PV Market
10 Ascent Solar Confidential Dynamics of Current Solar PV Market Source: Solarcellcentral.com $0.60/W
Slide 11: The Game of Racing to the Bottom of $X per Watt
11 Ascent Solar Confidential The Game of Racing to the Bottom of $X per Watt
Slide 12: Groundbreaking Technology Now in Good Hands
12 Ascent Solar Confidential Groundbreaking Technology Now in Good Hands Prior management was PV-only oriented and focused primarily on roof- top solar market, which requires significant CAPEX and large scale deployments to achieve breakeven. Current management assumed control of the company i
Slide 13: 13 Ascent Solar Confidential
13 Ascent Solar Confidential
Slide 14: Paradigm Shift in Strategy and Business Model
14 Ascent Solar Confidential Paradigm Shift in Strategy and Business Model Capitalizing on our Unmatched Technology Focusing on Consumer Products & high-value PV Applications • Where customers are more interested in functionality and durability rather than low cost per watt of electricity • Cons
Slide 15: New Era of Accelerating Growth
15 Ascent Solar Confidential New Era of Accelerating Growth YOY Revenue Growth $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 Q1 2013 Q2 2013 Q3 2013 Q4 2013 FY 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 FY 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015E 2016E 2017E ……… M ill io n s $5.3m 308% YOY Growth $1.3m ? App
Slide 16: Relative Segment Attractiveness
16 Ascent Solar Confidential Relative Segment Attractiveness CUSTOMER TAM G M % H IG H LO W LOW HIGH Emergency Power Transportation Mobility Power Aerospace BIPV/BAPV Outdoor Power Military
Slide 17: Go To Market Strategy
17 Ascent Solar Confidential Go To Market Strategy Current Focus will Drive Higher Margins and Protected Market Share, while Longer Term Goals Focus on Increasing Wider Demand for Ascent’s Products Current Focus Long Term Expansion Focused on entering and establishing new markets where Ascent’s un
Slide 18: Ascent's Addressable Market
18 Ascent Solar Confidential Ascent’s Addressable Market EnerPlex Surfr™ – 320 million units market potential Transportation 1,200 MW EnerPlex™ Consumer Products - $33bn market by 2015 (Pike Research 2011) Defense/Aerospace & Off-Grids 2,550 MW Customized BIPV 11,500 MW Sources: BIPV estimates accor
Slide 19: EnerPlex As Near Term Growth Driver
19 Ascent Solar Confidential EnerPlex As Near Term Growth Driver
Slide 20: EnerPlex Segmentation Optimization
20 Ascent Solar Confidential Thin Lightweight Power Solutions Mobility Outdoor Rugged and Water Proof Power Solutions Emergency and Off-Grid Power Solutions Emergency Surfr Jumpr Slate Jumpr Stack Jumpr Mini Jumpr Prime Packr Kickr Accessories Packr Mountaineer Kickr Commandr Generatr Outdoor Access
Slide 21: EnerPlex Line of Products
21 Ascent Solar Confidential EnerPlex Line of Products Surfr Series Jumpr Series Commandr Series Generatr Series Kickr Series Packr Series
Slide 22: Retail Footprint in US and Growing Rapidly
22 Ascent Solar Confidential Retail Footprint in US…..and Growing Rapidly MicroCenter – 25 Stores Fry’s Electronics – 34 Superstores TCC Verizon Premium Retailers – 300 Stores Mike’s Camera – 13 Stores Sports Authority – 104 Stores Cabela’s – 16 Superstores
Slide 23: EnerPlex Retail / e-Tail Globally
23 Ascent Solar Confidential EnerPlex Retail / e-Tail Globally .com Q1 Total Customers: 56 Q2 Total Customers: 60 Percentage Growth: 7%
Slide 24: Retail Footprint Growth
24 Ascent Solar Confidential Q1 Q2 0 100 200 300 400 500 600 700 Q1 Q2 0 200 400 600 800 Q1 Q2 # of Total Retail Outlets # of Total Retail Outlets Q1 Total Retail Outlets: 397 Q2 Total Retail Outlets: 673 Percentage Growth: 69% Retail Footprint Growth
Slide 25: Global Retail Footprint Q1 vs Q2 2015
25 Ascent Solar Confidential Global Retail Footprint Q1 vs Q2 2015 Q1 Total Retail Outlets: 397 Q2 Total Retail Outlets: 673 Percentage Growth: 69% Anaconda, 25 Fry's, 34 TCC Verizon Retailers, 300 MicroCenter, 25 Mike's Camera, 13 Anaconda , 25 Fry's, 34 TCC Verizon Retailers, 300 MicroCenter, 25 M
Slide 26: 26 Ascent Solar Confidential
26 Ascent Solar Confidential
Slide 27: Space and Near-Space Market
27 Ascent Solar Confidential 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 significant further
Slide 28: Partnership with Vanguard Space Technologies
28 Ascent Solar Confidential 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 test milestone wit
Slide 29: ASTI Monolithically Integrated CIGS at AM0 vs AM1.5
29 Ascent Solar Confidential ASTI Monolithically Integrated CIGS at AM0 vs AM1.5 ASTI Terrestrial PV is Ideally Suited for Space Environment (AM0) Monolithically integrated cells are small area and ideal for higher currents in space without additional trimming Larger size module (146mm x 304mm
Slide 30: Part Count Reduction Comparison – c-Si Assembly
30 Ascent Solar Confidential Part Count Reduction Comparison – c-Si Assembly
Slide 31: Part Count Reduction Comparison – CIGS Assembly
31 Ascent Solar Confidential Part Count Reduction Comparison – CIGS Assembly
Slide 32: 32 Ascent Solar Confidential
32 Ascent Solar Confidential
Slide 33: Silent Falcon UAS with ASTI PV
33 Ascent Solar Confidential Silent Falcon™ UAS with ASTI PV Silent Falcon is a Small Solar Electric UAV 80 watts of ASTI thin film solar photovoltaic (PV), Lithium-polymer batteries and advanced efficient propulsion system Lightweight, Flexibility, and Durability is a “MUST” to integrate PV o
Slide 34: Silent Falcon's Flight Data with & Without PV Contribution
34 Ascent Solar Confidential Silent Falcon’s Flight Data with & Without PV Contribution Data collected under various flight conditions and airframes All airframes have the same AST PV 38W per wing
Slide 35: 35 Ascent Solar Confidential
35 Ascent Solar Confidential
Slide 36: Portable Solar Blanket - MilPak E
36 Ascent Solar Confidential Provide power to generators, battery packs, satellite phones and any other power driven devices used by the military Easily foldable & transportable Easily deployable with one-man operation Fully integrated power management system Durable under any conditions
Slide 37: 37 Ascent Solar Confidential
37 Ascent Solar Confidential
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