Slide 1: Announcement of Acquisition of Blue Raven Solar
©2021 1 SunPower Confidential and Proprietary | © 2021 SunPower Corporation Announcement of Acquisition of Blue Raven Solar October 5, 2021
Slide 2: Safe Harbor Statement
©2021 2 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding (a) our expectations for our acquisition of Blue Raven, including impacts on our busines
Slide 3: Increasing Our Residential Footprint
©2021 3 1. Today, we closed the acquisition of Blue Raven Solar for up to $165m in cash, funded with operating cash and the sale of 1m of our Enphase shares for $178m proceeds. 2. Blue Raven complements SunPower’s dealer network, with minimal market overlap. 3. Allows us to move faster and serve mor
Slide 4: Blue Raven – SunPower's Newest Bright Spot
©2021 4 Blue Raven – SunPower’s Newest Bright Spot Ahead of the curve on customer service and loan origination 1. Preliminary estimate. This soon after the close of the quarter, the company is not able to provide a quantitative reconciliation of non-GAAP LTM EBITDA margin to the corresponding GAAP m
Slide 5: A Leap Forward into New Territory and Digital Sales
©2021 5 A Leap Forward into New Territory and Digital Sales Extends SunPower with Low Overlap of Existing Dealer Network Strategic rationale 1. Add / enhance capabilities in 14+ states, particularly high-growth CO, NC.1 2. Low overlap and minimal disruption of existing dealer network. 3. Direct mode
Slide 6: Considering Strategic Options for Commercial & Industrial Solutions
©2021 6 1. CIS TAM is expanding with Biden Plan tailwinds: Building retrofits, ITC extension, Direct Pay provisions. 2. Market leader with new, high growth opportunities: Community Solar, Front of the Meter storage. 3. CIS will be better positioned to succeed with an investor base that is optimally
Slide 7: Financial Update
©2021 7 Financial Update Redeploying ENPH sale proceeds on Product & Digital investment 1. Focus on Residential and Light Commercial segment going forward. 2. Q4’21 Standalone RLC remains strong. Higher Product & Digital investment opex is offset by Blue Raven accretion. 3. Q3’21: Key guidance metri
Slide 8: Thank You
©2021 8 SunPower Confidential and Proprietary | © 2021 SunPower Corporation Thank You Changing the way our world is powered