Solarmax Technology Inc. · NASDAQ:SMXT
Solarmax Technology — IPO Roadshow (February 2024)
20 slides from Solarmax Technology's IPO roadshow presentation, Feb 16, 2024
Slide 1: SolarMax Technology Company Presentation – February 2024
SolarMax Technology, Inc. Company Presentation – February 2024 © 2024 SolarMax Technology, Inc. Issuer Free Writing Prospectus Dated February 16, 2024 Filed Pursuant to Rule 433 Relating to Preliminary Prospectus dated February 9, 2024 Registration Statement No. 333-266206
Slide 2: Disclaimers
© 2024 SolarMax Technology, Inc. 1 Disclaimers This Presentation has been prepared by SolarMax Technology, Inc. (the “Company,” “us,” “we,” “our” and words of like import) solely for informational purposes based on our own information, as well as information from public sources. The delivery of this
Slide 3: Forward-Looking Statements
© 2024 SolarMax Technology, Inc. 2 Forward-Looking Statements This Presentation contains forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the
Slide 4: Forward-Looking Statements (continued)
© 2024 SolarMax Technology, Inc. 3 Forward-Looking Statements (continued) Our dependence for revenue on agreements with SPIC, which is a large state-owned enterprise under the administration of the Chinese government and which was the sole source of revenue for our China segment for 2021 and 2020, a
Slide 5: Forward-Looking Statements (continued)
© 2024 SolarMax Technology, Inc. 4 Forward-Looking Statements (continued) Our dependence upon a small number of key executive officers, principally our chief executive officer; Competition with both local utility companies and other companies offering electricity service as well as other solar energ
Slide 6: Forward-Looking Statements (continued)
© 2024 SolarMax Technology, Inc. 5 Forward-Looking Statements (continued) Our ability to operate without infringing the intellectual property rights of others; Our ability to comply with applicable secrecy laws; The effect of general economic and financial conditions in the United States, China and
Slide 7: What We Do: California Renewable Energy Leader
© 2024 SolarMax Technology, Inc. 6 What We Do California Renewable Energy Leader Premium quality solar energy systems, designed, engineered and assembled in the U.S. with a dedicated team to handle every detail of the customer’s solar panel, battery or LED installation 12,000+ Homes & Businesses Ins
Slide 8: SolarMax Snapshot
Founded in 2008 Headquarters in Riverside, CA Calendar Year-End: December 31 Integrated solar energy company with operations in the United States and China On November 30, 2023, 117 employees in the United States and 13 employees in China engaged in sales and marketing, operations, engineering, inst
Slide 9: Company Milestones
© 2024 SolarMax Technology, Inc. 8 Company Milestones 2009 Organization and start-up in U.S. 2008 Company Formed 2010 – 2012 Expansion of U.S. commercial solar and some residential 2009 Offered solar financing program 2012 – Present Significant expansion of residential solar 2012 Move to Riverside f
Slide 10: SolarMax’s Renewable Energy Solutions
SolarMax’s Renewable Energy Solutions © 2024 SolarMax Technology, Inc. 9 All products include our production guarantee and end-to-end customer service
Slide 11: The Customer Experience in the United States
© 2024 SolarMax Technology, Inc. 10 The Customer Experience in the United States 1. Free Consultation Comprehensive analysis of energy consumption patterns, solar readiness and explanation of solar options to meet customers’ goals 2. Financing Provide wide array of options through agreements with tr
Slide 12: U.S. photovoltaic market second largest in the world
The photovoltaic market in the United States was the second largest in the world in 2021. Installed capacity of over 97 GW (gigawatts). Accounts for approximately 11% the world's total installed capacity. The United States’ PV market projected to grow at a CAGR of 17% between 2021 and 2025. Renewabl
Slide 13: United States Operations
Provide sale and installation of PV solar systems, including battery backup systems, with lifetime customer service – also provide exterior and interior LED lighting sales and retrofitting services for governmental and commercial applications Owning and leasing solar systems to third parties through
Slide 14: China Solar Energy Market
The photovoltaic market in China was the largest in the world in 2021. Reached a cumulative total installed capacity of 253 GW (gigawatts) in 2020. Accounts for more than one-third of the world’s cumulative total installed capacity. China's PV market projected to grow at a CAGR of 14.1% between 2021
Slide 15: China Operations
© 2024 SolarMax Technology, Inc. 14 China Operations SolarMax Solar Farm Project in Guizhou Province, China Engineering, procurement and construction (EPC) services for solar farm projects Our China operations did not generate any revenue for the nine months ended September 30, 2023 and the year end
Slide 16: Management Team & Directors
© 2024 SolarMax Technology, Inc. 15 Management Team & Directors Chief Executive Officer and Director since February 2008 DAVID HSU STEPHEN BROWN Chief Financial Officer and Secretary since May 2017 Co-Founder of SolarMax. 20 years of experience in sales, international business development and manage
Slide 17: Financial Summary
© 2024 SolarMax Technology, Inc. Financial Summary 16
Slide 18: Current SolarMax Voting Shares
© 2024 SolarMax Technology, Inc. Current SolarMax Voting Shares 17
Slide 19: Proposed Offering Terms
Proposed Offering Terms * The outstanding shares of common stock (a) include 264,650 shares which were issued as restricted stock grants that are subject to forfeiture under certain conditions and are not treated as outstanding shares in the Company’s consolidated financial statements, and (b) do no
Slide 20: Contact Us
Contact Us © 2024 SolarMax Technology, Inc. 19