SPI Energy Co Ltd · OTC:SPIEQ
SPI Energy — Investor Presentation (June 2022)
19 slides from SPI Energy's investor presentation, June 2022
Slide 1: SPI Energy Co., Ltd. Investor Presentation Q2 2022
SPI ENERGY CO., LTD. NASDAQ TICKER: SPI Our Vision: Smart Power to Innovate a Renewable Greener World Solar | Roofing | Battery Storage | EV | EV Charger INVESTOR PRESENTATION Q2 2022
Slide 2: Executive Summary
EXECUTIVE SUMMARY SPI Energy is an established renewable energy company with SPI represents both a growth and value investment, as the 1 4 over 16 years’ experience in the Solar Energy and Electric company should exploit rapid future solar and EV growth and Vehicle industries, which have large annua
Slide 3: Management Team
MANAGEMENT TEAM Denton Peng Hoong Khoeng Cheong Janet Chen CHAIRMAN & CEO COO CFO 20 years of experience in auditing, One of the Pioneers & Entrepreneurs in Ex-Chairman of the Management accounting, business reorganization, Renewable Energy industry from early Board and Chief Executive Officer
Slide 4: Management Team
MANAGEMENT TEAM Kemp Qiu Andrew Burgess (Australia) Rami Fedda (Australia) CHIEF PRODUCT OFFICER OF CHIEF OPERATING OFFICER OF CHIEF SUPPLY CHAIN OFFICER OF SOLARJUICE SOLARJUICE SOLARJUICE Over 15 years of experiences in Started Solar career in 1998 Started Solar career in 1997 with Solarex d
Slide 5: SolarJuice Residential Solar Division
SOLARJUICE RESIDENTIAL SOLAR DIVISION Develop Next Generation Building 1100 MW capacity Leading Market Share in Over 1,000,000 Roof &Solar Technologies & Products In California Australia installation experience USA / AUSTRALIA USA USA / AUSTRALIA USA 1 2 3 4 RESEARCH & DESIGN PRODUCTION DISTRIBUTION
Slide 6: SolarJuice Residential Solar Division: Market Size
SOLARJUICE RESIDENTIAL SOLAR DIVISION Residential + C&I Solar Market Size* (MW) 10% 20% 25% CAGR % 1 2 3 USA AU AZ Current Future by 2025 1Source: Solar Energy Industries Association 2Source: Mordor Intelligence 3Source: International Renewable Energy Agency PAGE 6
Slide 7: SolarJuice Residential Solar Division
SOLARJUICE RESIDENTIAL SOLAR DIVISION PRODUCTION Solar Panel / Cell / Kitting / Mounting / Smart Energy Management Software INSTALLATION DISTRIBUTION Roof / Solar / Battery / EV Solar / Battery Charger / Service Over 5,000 commercial CLIENTS INCLUDE customers and significant builder / developer / ma
Slide 8: Solar Utility, Commercial Solar and Storage Division
SOLAR UTILITY, COMMERCIAL SOLAR AND STORAGE DIVISION Commercial & Utility Solar Storage Project Development SPI Solar (Solar Power Inc.) started in Sacramento, CA in 2006. Focused on development, engineering, procurement, construction, and transferring of utility & distributed solar power plants, mi
Slide 9: Solar Utility, Commercial Solar and Storage Division
SOLAR UTILITY, COMMERCIAL SOLAR AND STORAGE DIVISION OREGON HAWAII Community Solar Hawaii: Tranche 1 Projects • 18MW-DC portfolio in Greater (Total 6.9MW) Portland Area Hawaii: Tranche II Projects • Community Solar allows homeowners and businesses (Total 4.7MW) SOLAR STORAGE to subscribe to an offsi
Slide 10: Orange Power Generation Division
ORANGE POWER GENERATION DIVISION SELL ENERGY INTRODUCTION Independent Power Initial focus on European and U.S. markets Producer (IPP) PowerGrid Target markets feature established and relatively stable regulatory environments for solar Over $100M of equity invested in these projects Consisten
Slide 11: Phoenix Motorcars EV Division
PHOENIX MOTORCARS EV DIVISION TWO BRANDS COMMERCIAL VEHICLES LIGHT DUTY VEHICLES • Established in 2003, approaching 20 years EV experience • Company launched in 2020 - Pickup Truck and Delivery Vans • 50+ customers and over 100 vehicles deployed • Pickup Truck and Delivery Vans show-cars debuted at
Slide 12: Phoenix Motorcars EV Division
PHOENIX MOTORCARS EV DIVISION SOLAR CHARGING POWER Solar Area Production PICKUP TRUCK (m^2) Hourly(kwh) Pickup truck roof 1.93 0.31 solar panel Pickup truck armadillo solar 1.95 0.31 panel Dash active solar 0.5 0.08 panel • Modern and sophisticated exterior • Ambient LED Lights Total without 2.43 0.
Slide 13: Phoenix Motorcars EV Division
PHOENIX MOTORCARS EV DIVISION Innovative Flex Platform Multiple wheelbase and body configurations SOLAR CHARGING POWER Solar Area Production VAN (m^2) Hourly(kwh) • Flexible Configurations including multiple • Spacious trunk space Van roof solar 4.05 0.65 wheelbase and roof height options • Side sli
Slide 14: Phoenix Motorcars EV Division: Market Opportunity
PHOENIX MOTORCARS EV DIVISION $12BILLION $6.8BILLION $6BILLION $60BILLION COMMERCIAL LIGHT & MEDIUM EV CHARGERS ELECTRIC FORKLIFTS ELECTRIC PICKUP TRUCKS DUTY EV (CLASS 3-6) US Medium Duty Trucks: Electrification % Non-Home Charges US Forklift Market: Electrification % *Source: www.mckinsey.com *Sou
Slide 15: Financial Analysis – Sum of the Parts
FINANCIAL ANALYSIS – SUM OF THE PARTS • SPI has three major divisions, SolarJuice, SPI Solar and Phoenix Motorcars • We believe that SPI receives a conglomerate discount; the three businesses combined in one entity results in SPI being undervalued by the market • The company plans to significantly e
Slide 16: Financial Analysis – Asset Value
FINANCIAL ANALYSIS – ASSET VALUE 1. SPI has invested significant cash in its businesses, much of 4. We believe that the book value of these PP&E assets which has been invested in PP&E significantly understate their market value, which is another component of the unlocked value of SPI 2. Large solar
Slide 17: Financial Analysis – Comparables Valuation
FINANCIAL ANALYSIS – COMPARABLES VALUATION Price/ Price / EV / EV / Market Company Ticker Sales Book Revenue EBITDA Capitalization (in $B) Solar Industry First Solar FSLR 2.8x 1.4x 2.3x 7.8x $8.252 SunPower Corp SPWR 2.7x 9.1x 2.8x 469.4x 3.554 Canadian Solar CSIQ 0.4x 1.0x 0.8x 29.2x 2.105 Sunnova
Slide 18: Financial Analysis – SPI Financial Metrics
FINANCIAL ANALYSIS – SPI FINANCIAL METRICS NASDAQ TICKER: SPI Fiscal Year December Industry Renewable Energy Recent Price $2.935 Market Cap $77.4M Shares Out. 25.9M Float 15.2M Avg. Volume (90-day) 821.5K Revenue $162M Gross Profit $10.6M Price/Book 1.5x Price/Sales 0.4x EV/ Revenue 0.8x EV/ EBITDA
Slide 19: SPI Energy Co., Ltd.
SPI ENERGY CO., LTD. (NASDAQ GS: SPI) INVESTOR PRESENTATION Headquarters – 4803 Urbani Ave, McClellan Park, CA 95652 www.spigroups.com Denton Peng Randy Conone Dave Gentry Chairman & CEO SVP Investor Relations & Finance CEO RedChip Companies PAGE 19 denton.peng@spigroups.com randy.conone@spigroups.c