JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q2 2019 Earnings Presentation
9 slides from JinkoSolar's earnings presentation, Aug 30, 2019
Slide 1: Q2 2019 Earnings Call Presentation
JinkoSolar Holding Co., Ltd. Q2 2019 Earnings Call Presentation August 30, 2019
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 2019 Q2 2019 Q3 2019 E FY 2019 E Capacity (GW) 10.5 (incl. 6.5 10.5 (incl. 6.5 14.5 (incl. 11 15 ( incl. 11.5 -Wafer mono wafer) mono wafer) mono wafer) mono wafer) 10.5 (incl. 9.7 7.0 (incl. 5.4 7.4 (incl. 5.8 9.2 (incl. 9.2 PERC cell and -Cell PERC cell) PERC ce
Slide 4: Capacity and Shipment
Capacity and Shipment Capacity (MW) Total Module Shipments (MW) 14,000 13,000 12,600 4,000 12,000 3,386 10,800 10,800 3,500 11,000 10,500 10,500 3,618 3,037 10,000 9,700 3,000 2,481 9,000 2,794 8,000 8,000 7,400 2,953 8,000 7,000 7,000 2,500 2,374 2,015 7,000 6,500 6,000 2,000 5,000 5,000 4,000 1,50
Slide 5: Quarterly Financial Highlights (Unaudited)
Quarterly Financial Highlights (Unaudited) Total Revenues and Module Shipments Gross Profit and Gross Margin 16.6% 3,618 3,386 14.9% 14.7% 16.5% 2,794 2,953 3,037 12.0% 916 975 1,123 868 1,007 110 145 165 144 167 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 Revenues (US$ mln) Total Mo
Slide 6: P&L Summary (Unaudited)
P&L Summary (Unaudited) US$ in millions Q2 2018* Q3 2018* Q4 2018* Q1 2019* Q2 2019* Revenues 916 975 1,123 868 1,007 Gross Profit 110 145 165 144 167 Gross Margin 12.0% 14.9% 14.7% 16.6% 16.5% Operating Expenses 96 118 130 109 129 Operating Margin 1.6% 2.8% 3.1% 4.0% 3.8% Interest Expense 12 8 11 1
Slide 7: Balance Sheet
Balance Sheet Mar 31, 2019* Jun 30, 2019* US$ in millions (unaudited) (unaudited) Cash and Restricted Cash 650 701 Accounts Receivable 872 809 Inventories 966 966 Net PP&E 1,118 1,145 Total Assets 5,914 6,372 Total Debt 1,794 1,943 -Short-term debt* 1 1,390 1,425 -Long-term debt* 404 518 Total Liabi
Slide 8: Other Key Information
Other Key Information 2019Q1 2019Q2 (US$ in millions) (unaudited) (unaudited) Depreciation 29 27 Operating CF (11) (46) EBITDA 1 49 64 2 CAPEX 60 178 - Manufacturing 41 170 - IPD project assets 19 2 1. EBITDA: net income before interest, taxes, depreciation, amortization, change in fair value of con
Slide 9: Thank you!
Thank you! www.jinkosolar.com