Ascent Solar Technologies, Inc · NASDAQ:ASTI
Ascent Solar Technologies — Investor Presentation (September 2015)
32 slides from Ascent Solar Technologies's investor presentation, Sep 9, 2015
Slide 1: Ascent Solar Technologies, Inc.
Ascent Solar gnologies, Inc Victor Lee/Rafael Gutierrez CEO/COO September 9, 2015 ‘Ascent _ “SOLAR 9/09/2018
Slide 2: Safe Harbor Statement
29/09/2015 In addition to historical information, this presentation contains forward–looking statements that are based on assumptions made by management regarding future circumstances over which the company may have little or no control and involve risks, uncertainties and other factors that may cau
Slide 3: Company Snapshot
39/09/2015 Founded: Incorporated in 2005; Nasdaq IPO in July 2006 Headquarters/: Thornton, Colorado (~139k sf of fab & office space) Headcounts: ~150 Employees Technology: Thin-Film CIGS on flexible, plastic substrate Manufacturing: Roll-to-roll manufacturing, monolithic integration & inte
Slide 4: Award-Winning Technology
49/09/2015 Award-Winning Technology R&D Magazine selected Ascent’s Innovative Monolithically-Integrated CIGS Photovoltaic Product on Polyimide Substrate as one of the 100 Most Innovative Technologies for 2010 Time Magazine Selected Ascent as one of the 50 Best Inventions of 2011
Slide 5: CIGS panel advantages: lightweight, flexible, durable, customizable
59/09/2015 Lightweight ASTI CIGS panels weigh a small fraction of conventional c-Si panels CIGS chemistry – highest thin-film conversion efficiency Best Power-to-Weight Ratio (50 - 250 watt/kg) Flexible Numerous applications compared to rigid based PV Allows for easy Roll-to-Roll fabri
Slide 6: ASTI is Trading at Significant Discount
69/09/2015 ASTI is Trading at Significant Discount • Current Stock Price** : $0.25 • Current Share Outstanding** : 71,579,659 shares • Current Market Capitalization** : $17.9m • Cash* : $1.5m • Total Debt* : $13.7m • Enterprise Value** : ~$30.1m • Fixed Assets (Building/Equipment)* : $10.9m • $78m w
Slide 7: Substantial Investments Not Currently Reflected In Valuation
79/09/2015 $0 $50 $100 $150 $200 $250 $300 R&D and Engineering CAPEX Market Capitalization $ Millions Substantial Investments Not Currently Reflected In Valuation Market Cap does NOT reflect the large prior investments of over $200 million in CAPEX, R&D and Engineering already in place.
Slide 8: Transformation
Transformation-o (Ascent a SOLAR 91092015
Slide 9: Dynamics of Current Solar PV Market
99/09/2015 Dynamics of Current Solar PV Market Source: Solarcellcentral.com $0.60/W
Slide 10: The Game of Racing to the Bottom of $X per Watt
109/09/2015 The Game of Racing to the Bottom of $X per Watt
Slide 11: Groundbreaking Technology Now in Good Hands
119/09/2015 Groundbreaking Technology Now in Good Hands Prior management was PV-only oriented and focused primarily on roof- top solar market, which requires significant CAPEX and large scale deployments to achieve breakeven. Current management assumed control of the company in early 2012, and
Slide 12: (Ascent a
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Slide 13: Paradigm Shift in Strategy and Business Model
139/09/2015 Paradigm Shift in Strategy and Business Model Capitalizing on our Unmatched Technology Focusing on Consumer Products & high-value PV Applications • Where customers are more interested in functionality and durability rather than low cost per watt of electricity • Consumer products and
Slide 14: New Era of Accelerating Growth
149/09/2015 New Era of Accelerating Growth YOY Revenue Growth $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 Q1 2013 Q2 2013 Q3 2013 Q4 2013 FY 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 FY 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015E 2016E 2017E ……… M i l l i o n s $5.3m 308% YOY Growth $1.3m ?Approximately 100%
Slide 15: Relative Segment Attractiveness
159/09/2015 Relative Segment Attractiveness CUSTOMER TAM G M % H I G H L O W LOW HIGH Emergency Power Transportation Mobility Power Aerospace BIPV/BAPV Outdoor Power Military
Slide 16: Thin Lightweight Power Solutions
169/09/2015 Thin Lightweight Power Solutions EnerPlex/Ascent Solar Markets Mobile Power Outdoor Power Emergency Power Mobility Power Solar Solutions Military Transportation Space/UAV Specialty / BIPV Thin and Aerodynamic Lightweight And Powerful Military Grade Solar Custom Integration Rugged and Wat
Slide 17: Go To Market Strategy
179/09/2015 Go To Market Strategy Current Focus will Drive Higher Margins and Protected Market Share, while Longer Term Goals Focus on Increasing Wider Demand for Ascent’s Products Current Focus Long Term Expansion Focused on entering and establishing new markets where Ascent’s unique lightweight
Slide 18: Ascent's Addressable Market
189/09/2015 Ascent’s Addressable Market EnerPlex Surfr™ – 320 million units market potential Transportation 1,200 MW EnerPlex™ Consumer Products - $33bn market by 2015 (Pike Research 2011) Defense/Aerospace & Off-Grids 2,550 MW Customized BIPV 11,500 MW Sources: BIPV estimates according to GBI Resea
Slide 19: (Ascent a
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Slide 20: EnerPlex As Near Term Growth Driver
209/09/2015 EnerPlex As Near Term Growth Driver
Slide 21: EnerPlex Line of Products
219/09/2015 EnerPlex Line of Products Surfr SeriesJumpr Series Commandr Series Generatr Series Kickr Series Packr Series
Slide 22: Retail Footprint in US and Growing Rapidly
229/09/2015 MicroCenter – 25 Stores Fry’s – 34 Superstores TCC Verizon Premium Retailers – 356 Stores Mike’s Camera – 13 Stores Cabelas – 17 Stores Sports Authority – 104 Stores Retail Footprint in US…..and Growing Rapidly
Slide 23: EnerPlex Retail / e-Tail Globally
239/09/2015 e-commerce EnerPlex Retail / e-Tail Globally
Slide 24: Retail Footprint Growth (2015)
249/09/2015 Q1 Retail Outlets 393 Q2 Retail Outlets 689 Q3 Retail Outlets 816 0 100 200 300 400 500 600 700 800 900 Anaconda Fry's TCC Verizon Retailers Micro Center Mike's Camera Maplin Sports Authority Cabela's Mobile Workshop Nigeria Totals Q1 Q2 Q3 YTD Growth 207% Retail Footprint Growth (2015)
Slide 25: (Ascent a
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Slide 26: Partnership with Vanguard Space Technologies
269/09/2015 Partnership with Vanguard Space Technologies ASTI lightweight PV modules were selected by Vanguard Space Technologies, Inc. (Vanguard) in 2H 2014 to create an ultra-thin, high power-to-weight ratio, large space solar array Vanguard had passed a key test milestone with its Thin Integr
Slide 27: ASTI Monolithically Integrated CIGS at AM0 vs AM1.5
279/09/2015 ASTI Monolithically Integrated CIGS at AM0 vs AM1.5 ASTI Terrestrial PV is Ideally Suited for Space Environment (AM0) Monolithically integrated cells are small area and ideal for higher currents in space without additional trimming Larger size module (146mm x 304mm) dramatically re
Slide 28: Super Light Module for Aerospace Application
289/09/2015 One and only commercially produced CIGS PV on flexible polyimide substrate with monolithic integration > 230 watts/kg includes UAV mission-ready packaging Super light-weight at approximately 400g per square meter Larger module (unit) size reduces integration costs and increases s
Slide 29: Silent Falcon UAS with ASTI PV
299/09/2015 Silent Falcon™ UAS with ASTI PV Silent Falcon is a Small Solar Electric UAV 80 watts of ASTI thin film solar photovoltaic (PV), Lithium-polymer batteries and advanced efficient propulsion system Lightweight, Flexibility, and Durability is a “MUST” to integrate PV on the Wings of Si
Slide 30: (Ascent a
(Ascent a SOLAR 91092015
Slide 31: Military Specs Portable Solar Blanket - MilPak
319/09/2015 Provide power to generators, battery packs, satellite phones and any other power driven devices used by the military Easily foldable & transportable Easily deployable with one-man operation Fully integrated power management system Durable under any conditions Specifications
Slide 32: Ascent Solar
Ascent'So i (Ascent a SOLAR 91092015
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