Eoplly corporate presentation

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EOPLLY New Energy Technology Co.,Ltd. official company presentation

Transcript of Eoplly corporate presentation

  • 1. contents Company Profile Core Competence Manufacturing Capability Quality & Certificates Financial Performance Project References

2. Company Profile 3. Introduction to Eoplly Solar cell & module manufacturer founded in 2006 withCurrent annual capacity:180MW on cells, 330MW on modulesAnnual capacity in Q1 2013: 330MW on cells, 700MW on modules Conversion efficiencyAvg of 18.5% on mono cells and 17% on multi cellsContinuous improvement and innovation Annual turnover: $348 million USD in 2011 Employees: over 1800 Location:Manufacture: Nantong, ChinaSales office: USA , Germany & China 4. Company StructureEoplly New Energy Technology CO.,Ltd Eoplly EopllyNantong Eoplly USAEoplly ShanghaiEuropeFactoryQuanlity Engineering ProductionTechnical Marketing After Sale LogisticSupport 5. The Product ChainRoof SystemsSolar Cells Solar Modules PV SystemsSolar Power Stations 6. Eoplly Product FocusSolar Cells PV Modules Solar SystemProduct:High performance mono andStrategy: Top quality modulesStrategy: Partner with 2nd shareholdermulti-crystalline solar cellsmanufactured by highly automatic Zongyi Group to co-develop andLocation: Nantong, Jiangsu provinceEuropean made toolslong term holder of PV projects in Focus on OEM and white labelEurope & USACapacity: 180MW (current), 330MW by end products, leveraging strong solar Attributes: Co-develop and co-own theof 2012 cell platform projects in Europe since 2009Efficiency Avg of 18.5% efficiency onCapacity: 330MW (current), 700MW by end Good partnership with Top tierand Key mono cells & 17% efficiency onof 2012 EPC and strategic partnershipAttributes: multi cellsAttributes: Full range of certificates including with inverter, racking systemIEC 61215 & IEC 61730, UL 1703, provider to provide total solutions. High-efficiency SE cells readyby Q2 2012, MWT cells ready byMCS, Golden Sun etc.Q3 2012SILICON SYSTEM POLYSILICON INGOTING CELLWAFERSMODULE 7. CoreCompetence 8. Superiority Strong ShareholderValue World-class Quality Leading Cost Structure Core Optimized PhotovoltaiccompetenceSolution Provider 9. Strong Shareholder Value Hailin Grouplargest shareholder with 32 years history, famous clothing brandin China Zongyi Group 2nd largest shareholder, 2 Billion USD Company, the biggest PV-Project holder in oversea market for a Chinese Company. Yanghe Group3rd largest shareholder, 20 Billion USD Company, Chinese liquorindustry with 40%-50% gross margin. Hailan Group chinese largest high-end mens production base,import and export trade valume over billion USD And other investors such as Herong, CIMC, Landgent 10. World-class Quality 86 quality control points frompolysilicon, wafer, cell, moduleand system manufacture and86 Quality 10 Years installation. control Product First company in the world topoints Warrantyannounce 10 years product25 Yearswarranty, since 2009. 24 Hours linear Warranty 25 years power output warranty backup byFull Service zurich insurance backup by Zurich Insurance, oneof the top insurance companies inthe world. Provide worldwide 24 hours fullservice support. 11. Leading Cost StructureAdvanced technology and right sizeof capacity to maintain over 95%utilization rate that keep our costamong the best in the world. 12. Optimized Photovoltaic Solution Provider CellFirst Chinese company to promoteEfficiency photovoltaic solution provider.One of largest Chinese PV investor to invest in EuropeProvide total solution from Module modules to system finance. EfficiencySystem Efficiency 13. Investment Thesis SummaryStrong shareholder value with total of about $40 Billion USD value and strong equity support from strategic shareholders and Chinese banks including China Development Bank (CDB).Strong financial potential with positive earning and generation and potentially being public company in Shanghai Stock Exchange in 2013.Strong management team with proven execution.Technology and cost leadership and clear R&D roadmap to increase solar cell efficiency to 20%. 14. 2015 Company TargetModules capacity (MW)2500 Capacity: Cells---->600MWModules---->2.2GW 2000 Sales: 2GW , 1.6Billion $Target Market capitalization: 3Billion $ 1500 Emission reduction5 million1000tons CO2 500 0 20112012 2013 2014 2015 20112012 20132014 2015 Cells capacity(MW) 180 330480600600Modules capacity330 700 11001600 2200(MW) Sales Volume (MW)230 600 10001500 2000 Turnover (US$ mn)200 5008001200 1600Market Value--- 500 14002400 3100 (US$ mn) 15. Manufacturing Capability 16. German Cell Production LineWafer Cleaning and Texturization To provide optimal quality, our cell production line uses CENTROTHERM machinery that is installed, regulated & controlled by CENTROTHERMs German engineering teamPhosphorous Diffusion 17. German Cell Production Line Removal of PSGPECVD 18. German Cell Production Line EL TestingPrinting 19. Automatic Module Production LineWafer Cleaning and Texturization Soldering 20. Automatic Module Production Line AssemblingIntermediate Testing 21. Automatic Module Production LineLaminatingFraming 22. Quality &Certificates 23. Quality Control 6 Control Points of Raw Material86 34 Control Points of Solar Cell ManufacturingControlPoints 35 Quality Control Points of Module 11 Control Points of Solar Power Station Building 24. ReliabilityQuality Reliability Assurance Custom QualityQuality/ReliabilityQA/Certification Quality Control Center ManagementLabProduct SQMOQA CSRMA Reliability Supplier Quality Outgoing QualityCustomerReturn MaterialCertification Management SupportLabAssuranceApproval FADCC FailureDocumentIQC Analysis Control 2nd IPQCOQCIncomingIn-Process Outgoing QualitySource Quality Control Quality Control ControlQA:Quality system control andISOCS: 1.Customer Complaint Handling RL: Reliability Analysis quality system maintenance,2nd Source: 2nd Source guide, Overall 2.Coordinate various functions toFA: Failure Analysis &internal and externalmanagement of the responsible provide containment, corrective and Calibrationcustomer supplier(s) preventive actions to customer management &3.Customer various functions to driveaudit IQC: Incoming material inspection and quality improve activities to achieveMSADCC: Document Control& ECquality control customer quality expectationControl OQC: Shipping Inspection4.Contact windows with customer on qualityIPQC: In-process Quality Control RMA: Return Materiel Repair center 25. Regular Third Party Quality Control 26. Our Warranty Promise More Profit with Eoplly linear Warranty 27. Our Warranty PromiseZurich Insurance guarantee our customer maximum safety 28. FinancialPerformance 29. Leading Financial PerformanceSolid Revenue Growth and Profitability every quarter in 2011.Q3 2011 shipment of 94MW & Q4 2011 shipment of 118MW, 26% Q/Q growth35%Q/Q net income growth from Q3 to Q4 2011 30. Leading Financial Performance120100 80shipment(MW) 60 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 40 123339 48515994 118 2001Q10 2Q10 3Q104Q10 1Q11 2Q11 3Q11 4Q11 shipment(MW) 120 100 Revenue(US$mn) 801Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 6040 18 4283 108 86 94 8187 20 0 1Q10 2Q103Q104Q10 1Q11 2Q11 3Q11 4Q11 Revenue(US$mn) 31. Leading Financial PerformanceGross Margin(%) Net Profit(US$mn) 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q111Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 10.3 15.2 11.6 16.6 11.3 13.2 14.0 17.80.03 3.64 2.71 7.19 3.26 3.72 4.6 6.231881671461251048364 22 10 01Q10 2Q10 3Q104Q101Q11 2Q11 3Q11 4Q11 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Gross Margin(%) Net Profit(US$mn) 32. Leading Financial PerformanceStrong Balance SheetReview of 4Q 2010Results ($ in millions) 1Q2010 2Q2010 3Q2010 4Q2010 FY2010 1Q2011 2Q2011 3Q2011 4Q2011Shipment 1233 39 48132 5159 94 118Sequential growth-29% 175% 18%23% 186% -61% 16%59% 26%Revenue17.53 42.1262.51 127.75 249.91 85.7293.658187Sequential growth -23.3% 140.3% 48.4% 104.4% 134.8% -32.9% 9.3%-13,5% 7,4%Gross Profit 1.8 6.47.3 21.3 36.7 11.416.6 11,415,5Gross Margin 10.3% 15.1%11.6%16.6% 14.7% 13.3% 17.7%14,0% 17,8%Operating Profit* 0.034.28 3.19 8.4615.96 3.74.3 5,417,33Operating Margin*0.17% 10.16% 5.10%6.62% 6.39% 4.32% 4.59%6,68% 8,43%Net Income0.033.64 2.71 7.1913.57 3.263.72 4,606,23 $10.23M in cash at the end of 1Q 2012 $357.6M in total assets, $89.7M in shareholders equity Strong operating cash flow: $13.71 million for full year 2010 >US$150 million of credit facilities available through banks Signed a RMB 780 million credit agreement with China Construction Bank Strong capital position to fund growth Target ROIC >30% 33. ProjectReferences 34. Project ListRefCompleted Project NameCountryLocationProject SizeNo.Date 1 1MW on-grid solar power plantSpain 0.705MW Mar-08 23.29MW on-grid solar power plantSpain Zaragoza3.290MW Sep-08 310MW on-grid solar power plantSpain Cordoba 1.462MW Sep-08 4 2MW on-grid solar power plantSpain Cordoba 1.029MW Sep-08 5 1MW on-grid solar power plantSpain Cordoba 0.227MW Sep-08 6 2MW on-grid solar power plantSpainCasarichec 0.892MW Sep-08 7 2MW on-grid solar power plantSpainLa Mancha0.368MW Sep-08 8 2MW on-grid solar power plantSpain 0.945MW Sep-08 9 1MW on-grid solar power plantSpain Cordoba 0.116MW Sep-0810 On-grid roof systemsGermanyLich0.791MW Sep-0811 On-grid roof systemsGermanyNeu-Isenburg1.057.MWOct-08120.8MW on-grid solar power plant KoreaRona Road0.100MW Dec-0813 On-grid roof system Australia Fremantle0.094MW Feb-0914 On-grid roof systems FranceParis 0.102MW Dec-0915 On-grid roof systemsItalyBanella 0.115MW Jun-0916 2MW on-grid solar power plantSpain 0.055MW Aug-08175.5MW on-grid solar power plant SpianZamora 3.550MW Oct-0918 On-grid roof systemsGermanyULM 4.980MW Dec-091910MW on-grid solar power plantSlovak Ostrov pri Sobranciach 3.000MW Dec-0920 On-grid roof systemsAustraliaBrisbane0.317MW Dec-09 35. Project List21 On-grid roof systemsAustralia Brisbane0.323MWDec-0922 On-grid roof systems France Paris 0.102MWDec-09231MW on-grid solar power plant Spian Madrid 0.510MWDec-0924 On-grid roof systems Spian Madrid 1.000MWDec-0925 On-grid roof systemsPorgutal0.440MWDec-0926 On-grid roof systems France Marceille 0.725MWMar-1027 On-grid roof systems France Dcines 0.155MWApr-1028 On-grid roof systemsGermany Augsburg0.580MWMay-1029 On-grid roof systems Czech2.500MWJun-1030 On-grid roof systemsGermanyULM14.320MW Jun-1031 On-grid roof systemsGermany Augsburg2.000MWJun-1032 3.178MW on-grid solar power plant Germany Ansbach 3.178MWAug-10333.8MW on-grid solar power plantItalyPadova 3.800MWSep-1034 On-grid roof systemsGermany Poecking5.840MWNov-1035 On-grid roof systemsGermany 2.210MWNov-10363MW on-grid solar power plantBelgium 3.000MWNov-1037 On-grid roof systemsAustralia 2.520MWNov-1038 On-grid roof systemsAustralia 1.120MWNov-10392.5MW on-grid solar power plant Cezch2.500MWDec-1040 on-grid solar power plant Italy 4.000MWDec-10 36. Project List41 on-grid solar power plantItaly 15.000MW Dec-1042 2MW on-grid solar power plantItaly Padova 2.000MW Dec-1043 3MW on-grid solar power plantItaly Padova 3.000MW Dec-1044 4MW on-grid solar power plantItaly Padova 4.000MW Dec-1045 6MW on-grid solar power plantItaly Padova 6.000MW Dec-1046 on-grid solar power plantItaly Padova25.000MW Dec-1047 On-grid roof systems Germany 2.5MWJun/1148 On-grid roof systems Germany4MW Sep/1149 On-grid roof systems Germany 1.4504MW Mar/1150 On-grid roof systems Germany 9.5136MW Jun/1151 On-grid roof systemsThe British 0.679MW Dec/1152 On-grid roof systemsAustra0.468MW Sep/1153 on-grid solar power plant Spain 3.028MW Sep/1154 on-grid solar power plant The U.S.A.California2.099MW Mar/1255 on-grid solar power plant The U.S.A.California 0.3091MW Mar/12 37. 10MW on-grid Solar Power Station Cordoba, Spain 38. 5.5MW on-grid Solar Power Station Zamora, Spain 39. 2.505MW on-grid Solar Power StationOstrov, Czech 40. 3.178MW on-grid Solar Power Station Ansbach, Germany 41. 4.98MW Roof SystemUlm, Germany 42. 7MW on-grid Solar Power Station Puglia, Italy 43. 2MW on-grid Solar Power StationPiemont, Italy 44. 1.65MW on-grid Solar Power StationPuglia, Italy 45. 3.29MW Solar Tracking System3.29MW on-grid Solar Tracking Zaragoza, Spainsystem, Zaragoza 46. 1MW on-grid Solar Power StationSecovce, Slovakia 47. 800KW Solar Power StationRona Road, Korea 48. 320KW Solar Roof ProjectBirmingham, UK 49. 1.73MW Eoplly Roof projectHaian, China 50. 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