JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q2 2014 Earnings Presentation
10 slides from JinkoSolar's earnings presentation, Aug 18, 2014
Slide 1: Q2 2014 Earnings Call Presentation
JinkoSolar Holding Co., Ltd. Q2 2014 Earnings Call Presentation Aug 18, 2014
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: Financial Highlights and Outlook
Financial Highlights and Outlook Q1 2014A Q2 2014A Q3 2014E FY 2014E 2,000 – wafer 2,000– wafer 2,300 – wafer 2,500 – wafer Capacity (MW) 2,000 – cell 2,000– cell 1,800 – cell 2,000 – cell 2,100 – module 2,100 – module 2,800 – module 3,000 – module 800MW – 850MW 2.9GW – 3.2GW 455.1MW 570.8MW Excludi
Slide 4: Capacity and Shipment
Capacity and Shipment Capacity (MW) Product Shipments (MW) 720 2,400 680 2,200 2,100 2,100 640 2,000 2,000 570.8 600 2,000 560 455.1 1,800 520 533.3 480 1,600 440 1,400 1,200 400 489.3 1,200 360 460.0 320 282.4 1,000 280 240 223.0 280.0 252.3 800 600 200 34.0 600 160 34.6 120 15.8 30.8 45.7 400 80 2
Slide 5: Significant Cost per Watt Reduction
Significant Cost per Watt Reduction In-house Cost Q3 2013 Q4 2013 Q1 2014 Q2 2014 Mono & Multi Non-Silicon Cost ($/Watt) $0.41 $0.39 $0.37 $0.365 (Including Depreciation) Mono & Multi Silicon Cost $0.09 $0.09 $0.10 $0.105 ($/Watt) Total Cost ($/Watt) $0.5 $0.48 $0.47 $0.47 (Including Depreciation) N
Slide 6: Downstream Project List
Downstream Project List Project List Capacity Commercial Region Name (MW) operation date Qinghai Delingha Ruiqida 27 (1) Jan 2013 252 MW Gansu Gansu Longchang PV 20 Feb 2013 completed Gansu Gansu Jintai Electric 28 (2) July 2013 Qinghai Hainan South Zhongzhou PV 10 Sept 2013 Xinjiang Shaya Jingxin 2
Slide 7: Quarterly Financial Highlights
Quarterly Financial Highlights Total Revenues and Total Shipments Gross Profit and Gross Margin Operating Profit and Operating Margin Net Income/loss, Net Margin and Diluted EPS 6
Slide 8: P&L Summary
P&L Summary US$ in millions Q2 2013* Q3 2013* Q4 2013* Q1 2014* Q2 2014* Revenues 287.6 320.7 361.4 323.9 392.1 Gross Profit 50.8 71.5 89.3 77.7 88.7 Gross Margin 17.7% 22.3% 24.7% 24.0% 22.6% Operating Expenses 25.4 31.6 46.0 45.0 48.1 Operating Margin 8.8% 12.4% 12.7% 10.1% 10.3% Interest Expense/
Slide 9: Balance Sheet
Balance Sheet US$ in millions Q2 2013* Q3 2013* Q4 2013* Q1 2014* Q2 2014* Cash and Restricted Cash 113.2 218.7 141.2 271.0 252.7 Accounts Receivable (third parties) 299.2 230.3 272.4 303.3 438.9 Inventories 86.3 102.9 117.6 166.7 161.3 Advances to Suppliers (third parties) 16.2 15.2 11.6 15.2 25.5
Slide 10: Thank you!
Thank you! www.jinkosolar.com 9