First Solar, Inc. · NASDAQ:FSLR

First Solar — Q3 2023 Earnings Presentation

11 slides from First Solar's earnings presentation, Oct 31, 2023

  1. Slide 1: First Solar Q3'23 Earnings Call

    First Solar Q3’23 Earnings Call October 31, 2023

  2. Slide 2: Important Information

    | Important Information Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in this presentation, other than statements of

  3. Slide 3: Third Quarter 2023 Update

    | Third Quarter 2023 Update  Year to date bookings of 27.8 GW; 6.8 GW since previous earnings call Demand  Total bookings backlog of 81.8 GW extending through 2030  Total bookings opportunities of 65.9 GW; 32.5 GW mid-to-late stage  2.5 GW produced Series 6 (1)  475 watt top bin, 469 watt avera

  4. Slide 4: Facilities Update

    | Facilities Update India Louisiana Construction Expected complete 2025 First deliveries expected by year end 2023 Alabama Ohio Expected Expansion 2024 and R&D © 2023 Copyright First Solar, Inc. Facility Expected 2024 4

  5. Slide 5: Expected Module Volume Sold (GW)

    | Expected Module Volume Sold (GW): 4.3 GW 81.8 GW 90.0 23.6 GW 77.6 GW 85.0 80.0 75.0 70.0 65.0 61.4 GW 7.4 GW 60.0 55.0 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - Dec 31, 2022 (1) YTD Volume Sold as of YTD Net Bookings as of September 30, 2023 (4) QTD Net-Bookings October 31, 2023 (6) Sept

  6. Slide 6: Potential Booking Opportunities

    | Potential Booking Opportunities Total bookings opportunities Mid-to-Late stage opportunities 0.9 0.3 1.7 1.3 10.9 3.8 52.4 27.1 © 2023 Copyright First Solar, Inc. 5.1 GW of opportunities confirmed, but not booked 65.9 GW Opportunity 32.5 GW Opportunity 6

  7. Slide 7: Income Statement Highlights

    | Income Statement Highlights (In millions, except per share amounts)(1) Q3 2023A Q2 2023A Q3 2022A QoQ Change YoY Change Net sales $801 $811 $629 ($10) $172 Gross profit % 47.0% 38.3% 3.3% 8.7% 43.6% Selling, general and administrative 50 46 46 4 4 Research and development 41 37 29 4 12 Production

  8. Slide 8: Balance Sheet Highlights

    | Balance Sheet Highlights Q3 2023A (In millions)(1) Q3 2023A Q2 2023A Q3 2022A QoQ Change YoY Change Cash and marketable securities(2) $1,840 $1,899 $1,937 (59) (97) Accounts receivable(3) 787 668 361 119 427 Inventories - current and noncurrent 1,144 1,032 1,064 112 80 Property, plant and equipmen

  9. Slide 9: 2023 Guidance as of October 31, 2023

    | 2023 Guidance as of October 31, 2023 (1) Prior Current Net Sales $3.4B to $3.6B Unchanged Gross Margin ($)(2) $1.2B to $1.3B Unchanged Operating Expenses(3) $450M to $475M $440M to $470M Operating Income(4) $745M to $870M $770M to $870M Earnings Per Share $7.00 to $8.00 $7.20 to $8.00 Net Cash Bal

  10. Slide 10: Summary and Highlights

    | Summary and Highlights  Year to date bookings of 27.8 GW Demand  Total contracted backlog of 81.8 GW extending through 2030  Record Q3 production of 3.2 GW, including 721 MW of new Series 7 technology Manufacturing  India manufacturing facility commenced production & Technology  Alabama, Loui

  11. Slide 11: Copyright and trademarks

    © 2023 Copyright First Solar, Inc. First Solar, the First Solar logo, Series 6, and Leading the World’s Sustainable Energy Future are trademarks of First Solar, Inc., registered in the U.S. and other countries. Series 6 Plus and Series 7 are trademarks of First Solar, Inc. 11

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