T1 Energy Inc. · NYSE:TE
T1 Energy — Q4 2025 Earnings Presentation
15 slides from T1 Energy's earnings presentation, Mar 31, 2026
Slide 1: Q4 and Full-Year 2025 Earnings Call
Mar. 31, 2026 Q4 and Full-Year 2025 Earnings Call DAN BARCELO WITH DAVID OGLE, VP FACILITIES, AND WALLACI DOARTE, VP MANUFACTURING OPERATIONS AND GM OF G1_DALLAS. 1
Slide 2: Important Notices: Forward Looking Statements
Q4 and Full-Year 2025 Earnings Call Important Notices Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All Use of Non-GAAP Financial Measures statements contained in this presentation that do
Slide 3: Participants and Agenda
Q4 and Full-Year 2025 Earnings Call Participants and Agenda Prepared Remarks ITEM DETAILS Daniel Barcelo ▪ Key messages Chairman of the Board and Chief Executive Officer ▪ Business updates ▪ Concluding remarks Otto Erster Bergesen ▪ G2_Austin overview and update SVP, Project Engineering Evan Calio ▪
Slide 4: T1's Transformational Fourth Quarter
Q4 and Full-Year 2025 Earnings Call T1’s Transformational Fourth Quarter T1 is building an integrated American polysilicon solar manufacturing supply chain T1 executes successful registered direct common equity offering of T1 starts construction on 2.1 T1 announces strategic $72MM coupled with $50MM
Slide 5: State of the Business
Q4 and Full-Year 2025 Earnings Call State of the Business ▪ G2_Austin construction proceeding on schedule with production line equipment ordered and first steel expected to be erected on site in April 2026 ▪ With recent Treaty Oak offtake contract and another expected to be signed in Q2, T1 is targe
Slide 6: G1_Dallas Operations Update
Q4 and Full-Year 2025 Earnings Call G1_Dallas Operations Update Executing against 3GW of contracts in 2026 following record production and sales in Q4 2025 G1_DALLAS 2025 PRODUCTION AND OUTBOUND ACTIVITY SUMMARY Production Status ▪ Produced 2.79 GW of solar modules in calendar 2025 ▪ Q4 2025 product
Slide 7: G2_Austin Update
Q4 and Full-Year 2025 Earnings Call G2_Austin Update Construction of T1’s flagship U.S. solar cell fab proceeding on schedule Building and Infrastructure Design Progress ▪ Mid-December: Construction began with Yates Construction ▪ Facility design 90% draft complete as General Contractor ▪ QA/QC proc
Slide 8: Commercial Update
Q4 and Full-Year 2025 Earnings Call Commercial Update T1 is maturing its commercial presence and growing its U.S. customer base T1 COMMERCIAL PURSUIT FUNNEL FOR G1/G2 T1 established a strong foundation of utility-scale customers in 2025 ▪ T1 expanded its customer base, selling and delivering 10 modu
Slide 9: T1 Financial Summary
Q4 and Full-Year 2025 Earnings Call T1 Financial Summary T1 ended 2025 in strong financial condition T1 BALANCE SHEET SUMMARY 2.8GW 7% $755MM As of As of 2025 Module 2025 Gross Margin 2025 Net Sales $ in millions 31-Dec-25 31-Dec-24 Production Margins constrained in 2025 by Record Q4 2025 net sales
Slide 10: 2026 – 2027 Outlook
Q4 and Full-Year 2025 Earnings Call 2026 – 2027 Outlook T1 is well positioned to navigate bridge year to planned G2_Austin start of production and expected step change in earnings power in 2027 INTEGRATED G1/G2 OPERATING Maintaining 2026 production guidance of 3.1 - 4.2 GW ▪ Improved top line and ma
Slide 11: Capital Formation Update
Q4 and Full-Year 2025 Earnings Call Capital Formation Update Following Successful Q4 2025 offerings, T1 is moving forward with capital formation initiatives to fund the remaining G2_Austin Ph.1 Capex Fourth quarter 2025 capital formation was Next phase of growth capital transformational formation pl
Slide 12: Commitments to Domestic Solar Benefit T1
Q4 and Full-Year 2025 Earnings Call Commitments to Domestic Solar Benefit T1 Elon Musk’s commitment to U.S. domestic “Rising tide” effect and benefits to T1 solar and advanced manufacturing ▪ Musk’s commitment underscores the importance of ▪ Elon Musk announced in early 2026 that his expanding the d
Slide 13: T1's Alignment with American Priorities
Q4 and Full-Year 2025 Earnings Call T1’s Alignment with American Priorities T1’s goal is to build a U.S. silicon-based solar supply chain advances key domestic objectives ▪ T1 is building an end-to-end domestic polysilicon solar supply chain to support America with Energy Security scalable, low-cost
Slide 14: T1's Strategic Priorities
Q4 and Full-Year 2025 Earnings Call T1’s Strategic Priorities Positioning T1 as the first vertically integrated American silicon-based advanced solar company 1 2 3 Fund and build T1’s Enhance T1’s profitability and Establish T1 as a cash flow integrated polysilicon solar capital structure powerhouse
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