JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q3 2018 Earnings Presentation
9 slides from JinkoSolar's earnings presentation, Nov 26, 2018
Slide 1: Q3 2018 Earnings Call Presentation
JinkoSolar Holding Co., Ltd. Q3 2018 Earnings Call Presentation November 26, 2018
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of JinkoSolar Holding Co., Ltd. (the “Company”) in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis
Slide 3: Financial Highlights and Outlook
Financial Highlights and Outlook Q2 2018 Q3 2018 FY 2018E 9,000 – wafer 9,200 – wafer 9,700 – wafer Capacity (MW) 5,000 – cell 6,500 – cell 7,000 – cell 9,000 – module 10,000 – module 10,800 – module Module Shipments (MW) 2,794MW 2,953MW 11.5GW –11.8GW Revenues (US$ in millions) $915.9 $974.8 - (QoQ
Slide 4: Capacity and Shipment
Capacity and Shipment Capacity (MW) Total Module Shipments (MW) 3,000 2,953 11,000 10,000 2,374 10,000 9,200 2,884 2,481 2,500 2,794 9,000 8,000 8,000 2,015 8,000 2,000 2,068 7,000 6,500 6,500 1,733 6,000 5,000 5,000 1,500 5,000 4,300 4,000 4,000 3,200 3,000 1,000 3,000 2,500 2,500 2,000 2,000 1,500
Slide 5: Quarterly Financial Highlights (Unaudited)
Quarterly Financial Highlights (Unaudited) Total Revenues and Module Shipments Gross Profit and Gross Margin 2,953 14.4% 2,794 14.9% 2,374 2,481 12.0% 11.6% 12.0% 2,015 965 976 728 916 975 116 113 105 110 145 3Q 17 4Q 17 1Q 18 2Q 18 3Q 18 3Q 17 4Q 17 1Q 18 2Q 18 3Q 18 Revenues (US$ mln) Total Module
Slide 6: P&L Summary (Unaudited)
P&L Summary (Unaudited) US$ in millions Q3 2017* Q4 2017* Q1 2018* Q2 2018* Q3 2018* Revenues 965 976 728 916 975 Gross Profit 116 113 105 110 145 Gross Margin 12.0% 11.6% 14.4% 12.0% 14.9% Operating Expenses 102 99 85 96 118 Operating Margin 1.4% 1.4% 2.7% 1.6% 2.8% Interest Expense 8 9 14 12 8 Tax
Slide 7: Balance Sheet (Unaudited)
Balance Sheet (Unaudited) US$ in millions Dec 31, 2017* Sep 30, 2018* Cash and Restricted Cash 424 442 Accounts Receivable 1,016 955 Inventories 657 810 Net PP&E 1,027 1,117 Total Assets 4,401 5,144 Total Debt 1,142 1,378 -Short-term Borrowings (incl. current portion of long-term 954 1,067 borrowing
Slide 8: Other Key Information (Unaudited)
Other Key Information (Unaudited) (US$ in millions) 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 Depreciation 25 27 29 31 30 Operating CF (168) 175 240 164 175 1 EBITDA 36 45 43 59 74 CAPEX 61 145 74 185 126 - PPE 50 45 47 163 88 - IPD project assets 11 100 27 22 38 1. EBITDA: net income before interest, taxe
Slide 9: Thank you!
Thank you! www.jinkosolar.com