JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q2 2010 Earnings Presentation
11 slides from JinkoSolar's earnings presentation, August 2010
Slide 1: JinkoSolar Holding Co., Ltd. Q2 2010 Earnings Call Presentation
JinkoSolar Holding Co., Ltd. Q2 2010 Earnings Call Presentation August 2010
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of JinkoSolar Holding Co., Ltd. (the “Company”) in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis
Slide 3: Recent Results
Recent Results Capacity and Production Expansion Capacity Growth (MW) Capacity as of Capacity as of Products Dec 31, 2009 June 30, 2010 FY10E Ø In Q2, we significantly increased the vertical Ingots 300 400 500 integration of our production process Ø In Q2, our cell and module capacities have Wafers
Slide 4: Significant Cost Reduction Per Watt
Significant Cost Reduction Per Watt In- In-house Cost Q3 2009 Q4 2009 Q1 2010 Q2 2010 Mono & Multi Non-Silicon Cost ($/Watt) $0.86 $0.89 $0.88 $0.83 (Including Depreciation) Mono & Multi Silicon Cost $0.40 $0.37 $0.29 $0.31 ($/Watt) Total Cost ($/Watt) $1.26 $1.26 $1.18 $1.14 (Including Depreciation
Slide 5: Quarterly Financial Performance
Quarterly Financial Performance Shipment Growth Q2 Highlights MW ØRecord solar product shipments of 99.9MW in 2Q10 ØModule shipments of 54.3 MW, a 432.4% increase from 10.2 MW of Q1 ØQ3 and FY Guidance: Ø Total shipment for Q3: 100 MW~110 MW Ø Total shipment for FY2010: 395 MW~415 MW Gross Profit an
Slide 6: TOZZI Renewable Energy (TRE) Project
TOZZI Renewable Energy (TRE) Project Background Ø Subsidiary of large industrial group TOZZI Holding Ø Its portfolio includes 400MW installed capacity. This 80MW of new solar PV installations in 2010. Terms of Agreement Ø 35 MW volume Ø Delivery: July 2010 to November 2010 TOZZI Renewable Energy (TR
Slide 7: Expanding Market Coverage and Customer Base
Expanding Market Coverage and Customer Base Establishing a Global Sales & Marketing Network Rotterdam, Holland Warehouse Munich, Germany San Francisco, CA, USA European Headquarters Sales Office (under progress) Shanghai, China International Sales Office Milan, Italy Sales Office (under progress) Cu
Slide 8: Key Q2 Customers
Key Q2 Customers Module Wafer Win-Korea International Quality Certifications : TÜV IEC 61730, TÜV IEC 61215, VDE, UL-CANADA, UL-USA, CE, ISO14001：2004, ISO9001：2008 7
Slide 9: P&L Summary
P&L Summary Selected Financials ( US$mm) US$mm) Q3 2009 Q4 2009* Q1 2010* Q2 2010* Revenues 58.8 101.4 80.9 132.8 Gross Profit 9.3 16.4 19.1 35.7 Gross Margin 15.8% 16.2% 23.7% 26.9% Operating Expenses 5.7 5.9 4.8 13.5 EBIT Margin 6.1% 10.4% 17.7% 16.7% Interest Income (Expense) (1.5) (1.5) (1.7) (2
Slide 10: Balance Sheet Summary
Balance Sheet Summary Selected Financials ( US$mm) US$mm) Q3 2009 Q4 2009 Q1 2010* Q2 2010* Cash and Cash Equivalents (non-inc. restricted cash) 13.3 22.5 23.5 54.4 Accounts Receivable (third parties) 22.9 34.9 35.2 39.4 Inventories 51.3 36.2 58.7 69.4 Advances to Suppliers (third parties) 24.2 13.8
Slide 11: Thank you!
Thank you! www.jinkosolar.com 10