United Renewable Energy Co., Ltd. · TWSE:3576
United Renewable Energy — Neo Solar Power — Credit Suisse Asia Technology Conference 2011
24 slides from United Renewable Energy's conference presentation, September 2011
Slide 1: Neo Solar Power Corp.
Neo Solar Power Corp. Sep. 2011
Slide 2: Presenters
Presenters Mr. Thomas Hsu Senior Vice President and CFO
Slide 3: Outline
Outline Overview Industry Investment Highlights Financial Performance
Slide 4: NSP Overview
NSP Overview Overview Manufacturing Sites Global top 5 merchant solar supplier Type Location Capacity (MW) with annual capacity of 1.3GW Cell Fab 1: Hsinchu Industrial Park, Taiwan 120 (June 2011) Fab 2 & Headquarters: Hsinchu Science Park, Taiwan 730 R&D focus with high quality products and low
Slide 5: Well Positioned in the Solar Value Chain
Well Positioned in the Solar Value Chain Poly-silicon Wafer Solar Cells Module System In-house Wafer Manufacturing in 2012 300MW 1.3GW 50MW Leverage on Taiwan advantage Well-positioned in supply chain with superior process management and quality control More than 25 years technical expertise t
Slide 6: Strong Growth Momentum
Strong Growth Momentum NSP Manufacturing Capacity Expansion Milestones and Shipment Trend 1.8GW 2005 Company founded 1Q2012 2006 Break-even achieved just 2 years into operation 2011 Broke ground for FAB 2 & HQ with designed 2007 capacity of 730MW 0% 1.3GW : 14 45% R 1 2010 A G R: Annual reve
Slide 7: NSP Outstanding Operating Performance
NSP Outstanding Operating Performance NSP performs the best sales among Taiwan solar companies during Jan.~July in 2011 Taiwan Solar Cell Sales Comparison, Jan.- July in 2011 Cell NTD Thousand UNIT: NTD (billion) Revenue 16 NSP NSP 13,617,633 14 12 MOTECH 12,707,121 10 8 6 Gintech 11,163,676 4 2 Sol
Slide 8: Company Awards and Recognition
Company Awards and Recognition Awards & Recognition Elected as new head of the Taiwan Photovoltaic Industry Association (TPVIA) 2011 Aug 2011 Dr, Sam Hong, President and COO of NSP has elected as new head of TPVIA Recognized by Business Next Magazine 2011 June 2011 Top 8 of Taiwan Top 100 Tech c
Slide 9: Outline
Outline Overview Industry Investment Highlights Financial Performance
Slide 10: Global Solar PV Addressable Market
Global Solar PV Addressable Market While Whilesolar solarPV PVisisstill stilltrailing trailingother otherforms formsofofenergy energyininterms termsofofcost costefficiency, efficiency,ititisisexpected expectedtoto make make major breakthroughs and achieve grid parity in most markets in the comingyea
Slide 11: Global Solar PV Demand
Global Solar PV Demand European Europeancountries countriessuch suchas asGermany, Germany,Italy Italyand andSpain Spainstill stillremain remainas asthe thelargest largestmarkets, markets, while while emerging markets including the US, Japan, China and India are expected to drive broaderdemand emergi
Slide 12: Outline
Outline Overview Industry Investment Highlights Financial Performance
Slide 13: Investment Highlights
Investment Highlights 1 Leading Market Position as World Top 5 Merchant Solar Cell Supplier with Proven Track Record 2 Strong R&D Commitment and Technology Leadership 3 Industry Leading Performance and Quality Products 4 Experienced and Well Recognized Management Team with Strong Industry Background
Slide 14: Top 5 Merchant Solar Cell Supplier with Strong Growth Momentum
1 2 3 4 Top 5 Merchant Solar Cell Supplier with 1 Strong Growth Momentum NSP NSPhas hasundergone undergonesignificant significantexpansion expansionand andhas hasthe thefastest fastestgrowing growingcapacity capacityamong amongits itspeers peersfrom from2009 2009toto2011E 2011E 2007–2011E Year End P
Slide 15: Strong R&D Commitment and Technology Leadership
1 2 3 4 Strong R&D Commitment and 2 Technology Leadership R&D Strategy Continuous cell efficiency improvement Process optimization New technology & material development Reliability as centerpiece Drive for grid parity 10 NSP Proprietary
Slide 16: Premium Quality Products
1 2 3 4 3 Premium Quality Products Environment Safety Qualification Significant safety record ISO 9001 , 14001 , OHSAS 18001 certified by TÜV Rheinland Hazardous substance content well below RoHS specification Greenhouse gas emissions verification Product Carbon Footprint Verification cert
Slide 17: Experienced Management Team
1 2 3 4 4 Experienced Management Team Dr. Quincy Lin Dr. Sam Hong Chairman and CEO President and COO 30+ years of experience in high tech 30+ years of experience in PV solar energy management Research Division Director of PV Solar Energy Senior Vice President of Taiwan Semiconductor Division
Slide 18: Growth Strategies
Growth Strategies Continue to Enhance Technology Leadership to Create Differentiation and Reduce Cost Continue to Pursue Prudent Organic Growth and Evaluate Selected Acquisition Opportunities Strengthen Existing Partnerships with Key Customers Strengthen Existing Supplier Relationships Inc
Slide 19: Outline
Outline Overview Industry Investment Highlights Financial Performance
Slide 20: Shipment and Revenue Growth
Shipment and Revenue Growth Shipment Net Sales (MW) 1% (US$ mn) 600 800 .7% 40 7. = 12 700 GR 500 = A R 600 C G 10 CA 400 – 500 08 428 0 –1 300 08 400 200 300 200 100 100 0 0 2008 2009 2010 2011H1 2008 2009 2010 2011H1 Solar cells and Modules Sold Net Sales 14 NSP Proprietary
Slide 21: Operating Performance
Operating Performance Gross Profit EBITDA Net Income (US$mn) (US$mn) (US$mn) 160 20% 160 18.5% 20% 120 40% 18.5% 18% 18% 94.6 90 16% 16% 120 130.0 120 14% 14% 60 20% 12% 12% 13.5% 28.9 80 10% 80 10% 30 8.2% 7.5% 129.5 8% 8% 8.2% -6.2% 0 0% 6% 6% 40 40 (11.1%) 29.1 4% 26.6 4% 2.3% (30) (26.5) 0.3% 0.
Slide 22: Summary
Summary Core Competence: Technology, Quality and Service Strong Customer Base and Supplier Relationships Continued Strong Growth Momentum Solid Financial Structure Proven Track Record of Growth and Profitability 16 NSP Proprietary
Slide 23: Regulatory Trends Around the World
Regulatory Trends Around the World After Afterthe theFukushima Fukushimaincident, incident,countries countriesincluding includingJapan, Japan,Germany Germanyand andChina Chinaare areexpected expectedtotoincrease increasethe thefocus focuson on clean cleanenergy energy Country Key Events May 2011:
Slide 24: Thank You
Thank You Neo Solar Power Corp. No. 7, Li-Hsin 3rd Rd., Hsinchu Science Park, Hsinchu, Taiwan Tel: +886.3.5780011 Fax: +886.3.5781255 www.neosolarpower.com
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