SPI Energy Co Ltd · OTC:SPIEQ
SPI Energy — Investor Presentation (July 2021)
41 slides from SPI Energy's investor presentation, July 2021
Slide 1: SPI Energy Investor Presentation Q3 2021
SPI ENERGY CO ., LTDNASDAQ TICKER: SPI S M AR T P O W E R IN N O VAT IO N Our Vision: Smart Power to Innovate a Renewable Greener World Solar | Roofing | Bat t e ry St orage | EV | EV Charge r INVESTOR PRESENTATION Q3 2021
Slide 2: Index
INDEX 1. Executive Summary 3 2. Management Team 4 3. SolarJuice Residential Solar Division 6 4. SPI Solar Utility & Commercial Solar and Storage Division 8 5. Phoenix Motorcars EV Division 11 6. Financial Analysis 14 7. SPI Contact Information 18 PAGE2
Slide 3: Executive Summary
EXECUTIVE SUMMARY 1. SPI Energy is an established renewable energy 4. SPI represents both a growth and value company with over 15 years’ experience in the investment, as the company should exploit rapid Solar Energy and Electric Vehicle industries, which future solar and EV growth and has a strong h
Slide 4: Management Team
MANAGEMENT TEAM Denton Peng Hoong Khoeng Cheong Randy Conone Chairman & CEO COO SVP Inve st or Re lat ions & Finance Ex-Chairman of t he Manage me nt 30 ye ars of e xpe rie nce as a finance One of t he Pione e rs & Board and Chie f Exe cut ive Office r and le gal profe ssional Ent re pre ne ur
Slide 5: Management Team
MANAGEMENT TEAM Andrew Burgess (Aust ralia) Rami Fedda (Aust ralia) Joe Mitchell Chie f Ope rat ing Office r Chie f Supply Chain Office r CEO of Phoe nix Mot orcars of SolarJ uice of SolarJ uice 30 ye ars of aut omot ive indust ry St art e d Solar care e r in 1998 St art e d Solar care e r in
Slide 6: SolarJuice Residential Solar Division
SOLARJUICE RESIDENTIAL SOLAR DIVISION SMART HOME ENERGY SOLUTIONS IN U.S. End-t o-e nd cle an e ne rgy solut ions for re side nt ial and small comme rcial buildings • Hardware and Soft ware De sign • Kit s and Compone nt s Dist ribut ion • Consume r Sale s and Se rvice • Builde r/ Manufact ure r Ins
Slide 7: SolarJuice Residential Solar Division
SOLARJUICE RESIDENTIAL SOLAR DIVISION 600+ Leading provider of solar and 5,000+ MW PANELS clean energy products and B2B ACCOUNTS 1,400+ solutions in the Pacific region: 700ACTIVE MW 40+ INVERTERS CUSTOMERS MW BATTERIES Gained significant 5,000+ B2B Delivered 600+ market share in accounts since MW Pa
Slide 8: Solar Utility, Commercial Solar and Storage Division
SOLAR UTILITY, COMMERCIAL SOLAR AND STORAGE DIVISION Comme rcial & Ut ilit y Solar St orage Proje ct De ve lopme nt SPI Solar (Solar Power Inc.) st art ed in Sacrament o, CA in 2006. Focused on development , engineering, procurement , const ruct ion, and t ransferring of ut ilit y & dist ribut ed so
Slide 9: Solar and Storage Global TAM
SOLAR AND STORAGE GLOBAL TAM PLANNED OPERATING Solar & St orage Marke t Solar PV generat ion increased 22% (+131 TWh) in 2019 and represent ed t he second-largest absolut e generat ion growt h of all renewable t echnologies. 620,242 MW of Solar Solar PV is st ill on t rack t o reach t he levels envi
Slide 10: Orange Power Generation Division
ORANGE POWER GENERATION DIVISION Se ll Ene rgy Orange Powe r Int roduct ion Powe r Grid Inde pe nde nt Powe r • Init ial focus on Europe an and U.S. Produce r (IPP) marke t s • Targe t marke t s fe at ure e st ablishe d and re lat ive ly st able re gulat ory e nvironme nt s for solar • Ove r $100M o
Slide 11: Phoenix Motorcars EV Division
PHOENIX MOTORCARS EV DIVISION • Phoe nix Mot orcars is a le ade r in de ve loping m e dium- dut y e le ct ric ve hicle s for comme rcial m arke t s and EV charging solut ions • Final St age m anufact ure r int e grat ing it s e le ct ric drive t rains int o ne w comme rcial ve hicle chassis • 2.75 m
Slide 12: Phoenix Motorcars EF1-T Electric Pickup Truck
PHOENIX MOTORCARS EF1-T ELECTRIC EV DIVISION PICKUP TRUCK COMING SOON • Cooperation with ICONA • Cooperation with Global Leading Suppliers and OEMs • Global Supply Chain in Asia, Europe, and America PAGE12
Slide 13: Phoenix Motorcars Significant Market Opportunity
PHOENIX MOTORCARS EV DIVISION Significant Marke t Opport unit y Targe t e d Me dium Dut y US Sale s Fore cast • Rapid Growt h in EV Pe ne t rat ion of t he Me dium Dut y (Class 4-6) Marke t • EV pe ne t rat ion for t his se gm e nt will re ach 16% by 2030 Source: IHS Market Data, Phoenix Management
Slide 14: 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 15: Financial Analysis – Asset Value
FINANCIAL ANALYSIS – ASSET VALUE 1. SPI has invested significant cash in its businesses, much of which has been invested in PP&E 2. Large solar assets portfolio in Greece, Italy, UK & Japan. Over $100M investment in the portfolio of Global Solar projects which generate $10m plus cash flow per year f
Slide 16: Financial Analysis – Comparable Company Valuation
FINANCIAL ANALYSIS – COMPARABLE COMPANY VALUATION Company Ticker Price/Sales Price/Book EV / Revenue EV / EBITDA Market Capitalization (in $B) Solar Industry First Solar FSLR 3.3x 1.7x 2.9x 10.9x $8.876 SunPower Corp SPWR 3.9x 10.9x 3.6x 6.3x 3.908 Canadian Solar CSIQ 0.7x 1.5x 1.2x 29.4x 2.258 Sola
Slide 17: Financial Analysis – SPI Financial Metrics
FINANCIAL ANALYSIS – SPI FINANCIAL METRICS Fiscal Year December Industry Renewable Energy Recent Price $5.66 Market Cap $134.3M NASDAQ SharesOut. 23.9M Float 14.4M TICKER:SPI Avg. Volume (90-day) 1,113,019 Revenue (ttm ) $138.6M GrossProfit (ttm ) $16.9M Price/Book 3.0x Price/Sales 0.7x EV/ Revenue
Slide 18: SPI Energy Co., Ltd.
SPI ENERGYCO.,LTD. US Operation Headquarter s 4677 Old Ironside Drive, Suite 190 (NASDAQ GS:SPI) Santa Clara,CA 95054 www.spigroups.com INVESTORPRESENTATION Denton Peng Randy Conone Dave Gentry Chairman & CEO SVP Investor Relations & Finance CEORedChipCompanies denton.peng@spigroups.com randy.conone
Slide 19: Forward Looking Statements
FORWARD LOOKING STATEMENTS This pre se nt at ion cont ains ce rt ain “forward-looking st at e me nt s” re lat ing t o t he busine ss of t he Company, it s subsidiarie s and t he indust rie s t he Company ope rat e s in. Such forward-looking st at e me nt s can be ide nt ifie d by t he use of forward
Slide 20: Appendices - Index
APPENDICES - INDEX 1. SolarJuice Residential Solar Division 21 2. SPI Solar Utility & Commercial Solar and Storage Division 27 3. Phoenix Motorcars EV Division 31 PAGE20
Slide 21: SolarJuice Residential Solar Division
SOLARJUICE RESIDENTIAL SOLAR DIVISION WE ARE EVOLVING From Inst allat ion & Dist ribut ion t o a Smart Ene rgy Home Solut ion Provide r Roofing Solar Bat t e ry EV Charge r Soft ware Hardware Monit oring St andardize d Kit World Solar Roof St orage ❯ One Time Transact ion ❯ In-house Sale s & Inst al
Slide 22: SolarJuice Innovations Meet The Market
SOLARJUICE RESIDENTIAL SOLAR DIVISION Innovat ions Me e t The Marke t Re se arch and Product De ve lopme nt HISTORY OF INNOVATIONS 2015 OpalSolar product s re le ase d (Aust ralia) 2017 OpalSt orage product line re le ase d (Aust ralia) Live rmore , CA, USA 2017 Solar4Ame rica not che d polyme r roo
Slide 23: Solar4America – The Value Offering Today
SOLARJUICE RESIDENTIAL SOLAR DIVISION Solar4Ame rica – The Value Offering Today Aust ralia • Brand equity: Re cognize d brand in CA and Sunbe lt Unit e d St at e s California Ne vada • Installation expertise: One of t he le ading Colorado Te xas re ne wable e ne rgy com panie s wit h cont ract s in
Slide 24: OpalSolar
OpalSolar SOLARJUICE RESIDENTIAL • The pane ls are SOLAR DIVISION produce d by ISO 9001 and ISO 14001 ce rt ifie d facilit ie s • Back-t o-back warrant y agre e me nt s provide AUSTRALIA pe ace of mind 80% of SPI Revenue The Opal family of Opal Switch cle an e ne rgy product s: Advance d Bat t e ry
Slide 25: Residential Solar Module
SOLARJUICE RESIDENTIAL SOLAR DIVISION Re side nt ial Solar Module • 9BB half-cut ce ll t e chnology • Significant ly lowe rs t he risk of hot spot s • Exce lle nt Ant i-PID pe rformance S4A-360 t wo t ime s indust ry st andard 120 Half-Ce ll • No wat e r-pe rme abilit y and high 9BB Half-cut Mono PE
Slide 26: Self Designed Storage Battery Products
SOLARJUICE RESIDENTIAL SOLAR DIVISION Se lf De signe d St orage Bat t e ry Product s Aust ralia’s Favorit e -- S4A Ene rgy St orage Syst e m S4A-HYBRID Ene rgy St orage OpalSt orage Syst e m For re side nt ial buildings for comme rcial buildings • Advance d Bat t e ry Ene rgy • Fully ce rt ifie d fo
Slide 27: SPI Solar Utility & Commercial Solar Projects
SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION 731k W California ISO, Folsom, CA 0.53MW in New Jersey, NJ 0.71MW in Sacrame nt o, CA 0.51MW in Los Ange le s, CA 7.8MW in Palm Springs, CA 4.9MW in Whit e Rose , CA 1.75MW Te me scal Canyon RV 1.8MW BPUSD Series Project, CA Temescal, CA 158
Slide 28: Solar Storage Project Development Pipeline
SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION SOLAR STORAGE PROJECT DEVELOPMENT PIPELINE Hawaii : Tranche 1 Projects (Tot al 6.9MW) Oregon: Community Solar Hawaii: Tranche II Projects (Tot al 4.7MW) • 18MW -DC port folio in Gre at e r Port land Are a Hawaii : Tranche III Projects • Commu
Slide 29: Orange Power Business
SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION Orange Powe r Busine ss De ve lopme nt Product ion Consumpt ion Planning Acquisit ion Dist ribut ion De ve lopme nt Ope rat ion Consumpt ion Ele ct ricit y Product ion & Const ruct ion End Cust ome r Se rvicing Sale Utilities, Commercial & an
Slide 30: Existing Projects and Current Project Pipeline
SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION Exist ing Proje ct s and Curre nt Proje ct Pipe line THERMI SUN SA, GREECE– 4.4MW Italy Oregon 1 Proje ct 6 Proje ct s 1.0 MW 17.5 MW U.K. 2 Proje ct s Japan MASSERIA SIERO STINGE, LATERZA– 0.993 MW 8.1 MW 1 Proje ct 0.3 MW Hawaii (future tar
Slide 31: Phoenix Motorcars EV Division
PHOENIX MOTORCARS EV DIVISION EV Solut ion Busine ss Phoe nix Mot orcars • Phoe nix Mot orcars is de dicat e d t o accelerating the adoption of clean transportation t hrough advanced technology solutions, while making t he plane t a be t t e r place • Phoe nix is one of t he largest manufacturers of
Slide 32: Phoenix Motorcars Product Portfolio
PHOENIX MOTORCARS EV DIVISION Product Port folio • Le ading manufact ure r of all-e le ct ric ze ro e mission me dium dut y ve hicle s built in t he US • Built on t he Ford E-450 chassis, Phoe nix offe rs a wide range of product s including shut t le buse s, ut ilit y t rucks, se rvice t rucks, flat
Slide 33: Vision for Medium-Duty Zero Emission Transportation Market
PHOENIX MOTORCARS EV DIVISION Vision for Me dium - Dut y Ze ro Emission Transport at ion Marke t A Mix Of Le gacy Chassis & Ground Up EV Ce nt ric De signs Preferred by Transit Large Fleet Deployments Age ncie s, School Short Te rm – Int e grat ors Autonomous E -450 Shuttle Bus: Buse s, Ut ilit y Tr
Slide 34: Phoenix Motorcars Products
PHOENIX MOTORCARS PRODUCTS ZEUS 400 – Ele ct ric Shut t le Bus ZEUS 600 – Ele ct ric Type A School Bus ZEUS 500 – Ele ct ric Truck Opt ions EZ ZEUS– Aut onomous Electric Shuttle Bus Configuration Options Ele ct ric Shut t le Pe rime t e r se at ing Forward facing se at s ADA whe e lchair acce
Slide 35: EF1-T Electric Pickup Truck Coming Soon
EF1-T ELECTRIC PICKUP TRUCK COMING SOON Solar Mosaic The uniquely designed solar mosaic panel provides a stunning visual signature, while also harnessing the power of the sun to recharge the batteries Armadillo Armor Easy-Entry Side Step Liftgate Backup Camera Tie-Down Hooks Wing Mirror Cameras For
Slide 36: EF1-T Electric Pickup Truck Coming Soon
EF1-T ELECTRIC PICKUP TRUCK COMING SOON PAGE36
Slide 37: EF1-T Electric Pickup Truck Coming Soon
EF1-T ELECTRIC PICKUP TRUCK COMING SOON Interior Ambient Lighting Lighting strips inside the upper door and dashboard create a warm ambient embrace around the occupants Roof-Mounted Y -Frame Reading 17.5” Infotainment Screen Pillar -Mounted Interior Interior Solar Mosaic Door -Mounted Toolbox and Am
Slide 38: EV Charging Solutions
PHOENIX MOTORCARS EV DIVISION EV Charging Solut ions Product Port folio Le ve l III DC Charge r BTC Powe r – CHAde MO DC • Le ve l II AC Charge r Clippe r Cre e k – CS-100 Dual Port Fast Charge r J 1772 AC Single Port • Dual Port – CHAde MO and CCS Charge r • Input Powe r: 480 VAC or 208 • Single Po
Slide 39: EV Charging Solutions
EV CHARGING SOLUTIONS Product Portfolio Level III DC Charger BTC Power – P-Home -Charger Wall Mount Medium Voltage DC Charger CHAdeMO DC Dual Port Fast 11KW AC CHARGING STATION 30KW WALLBOX CHARGING STATION • Le ve l II AC Charge r Clippe r Cre e k – CS- Charger 100 J 1772 AC Single Port Charge r •
Slide 40: EV Charging Solutions
EV CHARGING SOLUTIONS Pedestal Single & Dual AC Charger Wall Mount Single & Dual AC Charger Standard to High Power DC Charger 30AMP AC CHARGING STATION 30AMP AC CHARGING STATION 60, 120, 150 & 180KW CHARGING STATIONS • Efficient: Energy Star Certified • Efficient: Energy Star Certified • Simple Air-
Slide 41: EV Charging Solutions
EV CHARGING SOLUTIONS Networked EV Charging Station with High Brightness Digital Signage Display • Full HD LED 55’’ Video Display • Wide Viewing Angle • Sleek, Carbon Steel IP55 Enclosure • Integrated High Output Speakers • Built -In Dual Port, Level 2 EV Charging Stations • Fast Charging Activation