Tapfheim, Germany (770 kw); Gehrlicher Solar AG. Corporate Overview Q4 2008
|
|
- Naomi Sanders
- 5 years ago
- Views:
Transcription
1 Tapfheim, Germany (770 kw); Gehrlicher Solar AG Corporate Overview Q4 2008
2 Forward Looking Statement This presentation contains forward looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of The forward looking statements in this presentation do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships, and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward looking information contained in this presentation or with respect to the announcements described herein. First Solar, Inc. 2
3 Our Mission To create enduring value by enabling a world powered by clean, affordable solar electricity. First Solar, Inc. 3
4 Introduction Frankfurt (Oder), Germany Manufacturing (191 MW) 2007 Mainz,Germany European Sales Hayward, CA 1 Project Development Tempe, Arizona Corporate Headquarters Perrysburg, Ohio Manufacturing (191 MW) 2006 Bridgewater, NJ Project.Dev. & Engr. Kulim, Malaysia Manufacturing (763 MW) Oneof the largest solar manufacturer world wide Shipped >1GW cumulative volumes Global Footprint 1 After the acquisition of OptiSolar is completed Approximately 1.2 GW production capacity operating or announced 1 st PV maker to produce modules $1/watt First Solar, Inc. 4
5 The First Solar Solution Module Manufacturing: Glass In < 2.5 Hours Module Out Semiconductor Cell Final Assembly Deposition Definition & Test Breakthrough thin film process technology 99% reduction in high cost semiconductor material Fully integrated, continuous process vs. batch process Cost reduction trajectory driven by productivity and technology improvements Large (2'x4') substrate vs. 6" wafers System Solutions: Utility scale PV systems Engineering, procurement and construction capabilities provide turnkey solution Monitoring & Maintenance Program predictable lifetime expenses First Solar, Inc. 5
6 PV Module Technology & Manufacturing Fully Integrated, Automated and Continuous Thin Film Process Glass In < 2.5 Hours Module Out Semiconductor Deposition Cell Definition Final Assembly & Test 98 99% reduction in high cost semiconductor material Fully integrated, continuous process vs. batch processing Large 60 x 120cm (2' x 4') 4) substrate vs. 6" wafers Conventional Crystalline Silicon Batch Technology Polysilicon Ingot Wafer Solar Cell Solar Module First Solar, Inc. 6
7 Capacity Expansion Plan Copy Smart Process 716MW 1,097MW ,145MW MW MW 48 25MW Malaysia 4 Malaysia 3 Malaysia 2 Malaysia 1 German Facility Ohio Expansion Ohio Base 2005 and 2006 based on Q4 06 run rate 2007 based on Q4 07 run rate based on Q4 08 run rate First Solar, Inc. 7
8 Environmental Responsibility First Solar's Environmental Plan 1 Convert mining byproducts to clean, renewable energy 2 Procure, produce, use and recyclesolar modules in a perpetual, environmentally safe life cycle 3 Reduce emissions by substituting solar energy for fossil fuels First Solar, Inc. 8
9 Life Cycle Analysis Benefits Global Warming Potential CO2 eq (g/kwh h) Coal Oil Gas CC Biomass CHP PV mc Si (13.2%)* Nuclear USA PV CdTe (9%)* Wind Source: ExternE project, 2003; Kim and Dale, 2005; Fthenakis and Kim, 2006: Fthenakis and Alsema, 2006; Fthenakis and Kim, in press. * Assumptions: PV mc-si based on 13.2% efficiency and PV CdTe based on 9% efficiency both at insolation of 1700 kwh/m 2 First Solar, Inc. 9
10 First Solar Marketing Introduction Module Supply 800MW installed through h % ground from 1 to 40 MW 40% roof from 30KW to 4.5 MW System designs evaluated by First Solar engineers System Solutions Provider Acquired dturner Renewable Energy 11/07 Engineering, procurement and construction, and monitoring & maintenance Completed 2 U.S. utility pilot projects in 2008 Announced OptiSolar acquisition 3/09 for project pipeline and development team First Solar, Inc. 10
11 Sales Channels Sell modules to developers and IPPs under multi year agreements Project developers design and develop turnkey commercial solar power plants Develop solar PV project sites in U.S. and Canada Sell EPC and monitoring to create PV electricity plants for U.S. utilities Europe U.S./Canada First Solar, Inc. 11
12 Representative Projects PV Modules Site: Althegnenberg, Germany Site: Ramstein, Germany Site: Bullas, Spain System Size: 2MW (DC) System Size: 2 MW (DC) System Size: 5 MW (DC) Developer: Phoenix Solar Developer: COLEXON Energy AG Developer: Gehrlicher Solar AG Site: Brandis, Germany System Size: 40 MW (DC) Developer: Juwi First Solar, Inc. 12
13 Representative Projects Solar Plant Solutions Engineered by FSLR System Size: Completed: System Purchaser: Site: El Dorado, NV Site: Fontana, CA 10 MW (AC) 12/08 in about 5 months Sempra Generation System Size: 2 MW (AC) Completed: 9/2008 System Purchaser: Southern California Edison First Solar, Inc. 13
14 U.S. Market Development Update Accomplished 2008 goals to establish utility scale pilot projects and create relationships with U.S. utilities and residential systems integrator Project MW(AC) Type Customer Roof/Ground Status Fontana, California 2 EP SCE Roof Completed 9/08 Boulder City, Nevada 10 EPC Sempra Ground Completed 12/08 U.S. Residential 100 Modules only SolarCity Roof Began Q4 08 Blythe, California EPC, PPA SCE Ground Permitting Edison Mission Energy Framework Agreement EPC Began Q4 08 First Solar, Inc. 14
15 Acquiring OptiSolar Project Pipeline and Development Team Transaction: Consideration: Price: 550MW AC Topaz project with PG&E 1,300MW AC of projects in negotiations with utilities in the Western U.S. Strategiclandrightsof rights ~136,000 acres (upto 19,000 MW) Significant interconnection queue Core development team All stock transaction: 40% available immediately, 35% restricted for 6 months and25% to be heldinescrow escrow (generally months) $400 million Conditions to Closing: Customary closing conditions, i including Hart Scott Rodino ( HSR ) antitrust approval Expected Closing: Q First Solar, Inc. 15
16 Why We Are Purchasing OptiSolar Combine lowest cost PV, EPC and multi GW U.S. pipeline Lead in U.S. US utility markets Accelerate throughput and cost reduction Increase long term visibility Shorten development lead time to utility scale generation First Solar, Inc. 16
17 First Solar U.S. Utility Model First Solar Hardware/Installed Systems Hardware: Revenue recognized upon shipment Installed System: Revenue recognized based on % completion Regulated IPP Regulated Entities Utility Affiliates IPP - Other SCE EME Sempra Blythe Own and Operate PPA Regulated Entities First Solar, Inc. 17
18 OptiSolar Financials Estimated 2009 Impact ~$70 million of incremental revenues EPS impact of ~$(0.35) (0.40)/share Expect to be modestly earnings accretive in 2010 Dilution impact Approximately 5% Expected incremental volumes of MW from *Numbers are subject to final purchase accounting. First Solar, Inc. 18
19 Module Roadmap to Grid Parity Module MFG Cost Reduction Roadmap $1.29/W 100% 16 18% 15 17% 7 8% 4% 3% $ /W 50 55% Q1 07 Cost/Watt Efficiency Low Cost Location Spending Throughput Plant Scale Cost/Watt Target First Solar, Inc. 19
20 Module Cost Per Watt Trend First Solar, Inc. 20
21 Sustainable Competitive Cost Advantage FSLR cost 1 substantially below competitors FSLR cost adding BOS 2 differences below competitors Module Cost $/Watt Poly impact depends on: - Timing and speed of decline - Price vs volume availability - FSLR cost reduction rate FSLR Target Range Cost down 20 35% Avg Competitor Best of Breed FSLR Q4' Poly Si Cost $/Kg 1 FSLR cost excludes stock based compensation and Malaysia ramp costs $/Watt Module Cost FSLR Target Range 2 Avg Competitor Best of Breed Cost down 25 35% FSLR Q4' Poly Si Cost $/Kg 2 FSLR module cost + added balance of system for lower efficiency modules First Solar, Inc. 21
22 Roadmap to Grid Parity Balance of System* Cost Reduction Roadmap ~$1.59 /W 100% 9% 12% 16% of balance of system cost savings are driven by roadmap to achieve 12% efficiency 7% 1% 11% 60% 5% ~$1.05/W Target 65% 91% 80% 73% 72% 60% 60% 2008 BoS (excl OH) (Excl. Overhead) Engineering & Project Mngt Mounting Hardware Inverter & Transformer Other Electrical Material Installation 2012 BoS (excl OH) (Excl. Overhead) Overhead 2012 BoS (incl OH) (Incl. Overhead) * Excludes sales tax, finance costs, ramp overhead and IPP project development/connection costs First Solar, Inc. 22
23 First Solar long term business model philosopy Superior long term revenue growth & volumes drive throughput $ vs margins % Price to enable PV solutions competiitve with conventional electricity Maximize long term earnings and cash flow dollars Earn 5% over WACC or >20% RONA to be in top 25% percent of Russell 3000 Maintain strong balance sheet profile and efficiently use capital Scale costs and expenses Mitigate risks First Solar, Inc. 23
24 Historical Financial Profile Revenue Operating Margin 12.5% 17.2% 7.2% 7.5% 30.4% 39.0% $ % 29.5% 37.3% $ % $267.0 $159.0 $200.8 $196.9 $40.8 $52.7 $66.9 $77.2 Q3 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 First Solar, Inc. 24
25 Financial Model 20% RONA Target Gross Margin 34.5% 40.2% 49.9% 9% 54.4% 4% 35 40% Operating Expense 37.9% 29.4% 19.4% 16.7% 8 12% Production Start up 6.6% 8.7% 3.8% 2.6% 2 3% Operating Margin (10.0%) 0%) 21% 2.1% 27.2% 2% 35.2% 25% Stock Based Comp 10.2% 8.8% 7.8% 4.7% 2 4% First Solar, Inc. 25
26 Superior Capital Structure $ m 1,800 1,600 1,400 FSLR has strong cash vs debt position 1,626 1,200 1, Cash Debt Note: Cash and Debt positions taken from each company s latest financial reports FSLR STP SPWR YGE First Solar, Inc. 26
27 2009 Guidance 1 Revenue Start up Expense Stock Based Compensation $1.8 $1.9 B $13 14 M $75 80 M Operating Margin 33% 34% Annual On going Tax Rate 9 11% Share Count t(year End) 84 M Capex $ M 1 Excludes impact of OptiSolar acquisition that is pending First Solar, Inc. 27
28 Summary: First Solar Competitive Advantages FSLR has a sustainable winning growth platform in electricity industry Proprietary technology provides low levelized cost of energy Proven performance and reliability >1GW shipped ~ 1.2GW of capacity, proven production scaling. >12M modules produced European system integrators and IPP partners and growing U.S utility relationships EPC experience One of the largest U.S. US and Canadian utility scale project development pipelines 1 Industry s only pre funded and insured life cycle program Strong balance sheet and cash flow Superior growth, business/financial model, RONA, cash flow and cash balance 1 After the OptiSolar acquisition is completed First Solar, Inc. 28
29 Back up First Solar, Inc. 29
30 Key Quarterly Financial Data Key Quarterly Financial i Data Q1'07 Q2'07 Q3'07 Q4'07 Q1'08 Q2'08 Q3'08 Q4'08 Q4'08 Y/Y Q4'08 '08Q/Q ($ in millions, except gross profit and net income per share data) (Unaudited) Net sales $ 66.9 $ 77.2 $ $ $ $ $ $ % 24% Gross profit % 44.9% 36.7% 51.6% 55.3% 53.0% 54.2% 56.1% 53.9% 1% 2% Research and development % 10% Selling, general and administrative % 8% Production start up % 39% Operating income % 24% Income tax expense (benefit) 3.3 (36.6) % 15% Net income $ 5.0 $ 44.4 $ 46.0 $ 62.9 $ 46.6 $ 69.7 $ 99.3 $ % 34% Weighted average number of shares used in diluted share calculation % 0% Net income per share Diluted $ 0.07 $ 0.58 $ 0.58 $ 0.77 $ 0.57 $ 0.85 $ 1.20 $ % 34% Stock based compensation expense % 12% Capital expenditures (cash basis) % 34% Cash and marketable securities $ $ $ $ $ $ $ $ % 13% (1) Income tax expense (benefit) for Q2 07 includes an income tax benefit of $39.2 million that resulted from the reversal of valuation allowances against previously established U.S. deferred income tax assets. (2) Income tax expense (benefit) for Q3 07 includes an income tax benefit of $7.5 million that resulted from the reversal of valuation allowances against previously established German deferred income tax assets. See also Notes to our Consolidated Financial Statements Supplemental Data (Unaudited) Average foreign spot exchange rate ( /USD) % 13% Free cash flow (1.8) (53.2) (11.3) (101.1) % 79% + Purchases of property, plant and equipment = Net cash provided (used) by operating activities 38.9 (13.6) MW Produced % 27% Line run rate % 3% Conversion efficiency 9.9% 10.2% 10.5% 10.6% 10.6% 10.7% 10.7% 10.8% 2% 1% Cost per watt produced $ 1.29 $ 1.45 $ 1.19 $ 1.12 $ 1.14 $ 1.18 $ 1.08 $ % 9% Stock based payment cost per watt (manufacturing) (3) $ 0.06 $ 0.06 $ 0.04 $ 0.03 $ 0.02 $ 0.03 $ 0.03 $ % 33% Ramp penalty (cost per watt) (4) $ $ 0.20 $ $ $ $ 0.06 $ 0.04 $ % 25% (3) Represents stock based payment costs associated with factory labor. (4) Ramp penalty start up costs consist primarily of fixed production labor and overhead spending associated with production below normal capacity utilization in a new production facility. First Solar, Inc. 30
31 Strong growth and execution to < $1/watt cost Revenue $M EPS $1.60 $1.50 PV Module Cost/Watt Down 39% in 3 years GAAP $1,400 $5.00 $1.40 Core* $1,200 $1,000 $800 $600 $400 $200 $4.00 $3.00 $2.00 $1.00 $1.30 $1.20 $1.10 $1.00 $0.90 $ $0.00 $ * Core excludes plant start-up costs and stock based compensation First Solar, Inc. 31
Tapfheim, Germany (770 kw); Gehrlicher Solar AG. Corporate Overview Q3 2008
Tapfheim, Germany (770 kw); Gehrlicher Solar AG Corporate Overview Q3 2008 Forward Looking Statement This presentation contains forward looking statements which are made pursuant to the safe harbor provisions
More informationMONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS
CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Robert Gross Executive Chairman (585) 647-6400 FOR IMMEDIATE RELEASE Brian D Ambrosia Senior Vice President Finance Chief Financial Officer
More informationApplied Materials is accelerating Solar
Applied Materials is accelerating Solar Romain Beau de Lomenie Thin Film Module Group Head Solar Business Group Applied Materials, Inc. DERBI Conference, Perpignan, France June 6 th 2008 Safe Harbor Statement
More informationMonro, Inc. Second Quarter Fiscal 2019 Earnings Call. October 25, 2018
Monro, Inc. Second Quarter Fiscal 2019 Earnings Call October 25, 2018 Safe Harbor Statement and Non-GAAP Measures Certain statements in this presentation, other than statements of historical fact, including
More informationLazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results
News Contact: +1 (813) 204-4099 investors@lazydays.com Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results Tampa, FL (August 9, 2018) Lazydays Holdings, Inc. ( Lazydays )(NasdaqCM: LAZY)
More informationValvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call. November 9, 2016
Valvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call November 9, 2016 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the
More informationThird Quarter 2018 Performance and Business Update. October 24, 2018
Third Quarter 2018 Performance and Business Update October 24, 2018 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing
More informationBernstein Strategic Decisions Conference 2018
Bernstein Strategic Decisions Conference 2018 Forward-Looking Statements Certain statements in this presentation, other than statements of historical fact, including estimates, projections, statements
More informationThird Quarter 2017 Performance and Business Update. October 26, 2017
Third Quarter 2017 Performance and Business Update October 26, 2017 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing
More informationThis presentation is based on information currently available to management. The forward-looking statements contained herein could be substantially
Oerlikon Solar Disclaimer i This presentation is based on information currently available to management. The forward-looking statements contained herein could be substantially impacted by risks and influences
More informationLazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results
News Contact: +1 (813) 204-4099 investors@lazydays.com Lazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results Tampa, FL (November 8, 2018) Lazydays Holdings, Inc. ( Lazydays ) (NasdaqCM:
More informationMONRO, INC. ANNOUNCES SECOND QUARTER FISCAL 2018 FINANCIAL RESULTS
CONTACT: Brett Ponton Chief Executive Officer (585) 647-6400 FOR IMMEDIATE RELEASE Brian D Ambrosia Senior Vice President Finance Chief Financial Officer (585) 647-6400 Investors and Media: Effie Veres
More informationPhönix SonnenStrom AG
Phönix SonnenStrom AG 1 st Quarter Results 15 th May 2007 SonnenStrom Electricidad Solar Elettricità Solare Solar Electricity Électricité Solaire Disclaimer The content of this presentation is solely for
More informationMONRO MUFFLER BRAKE, INC. ANNOUNCES FOURTH QUARTER AND FISCAL 2015 FINANCIAL RESULTS
CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Robert Gross Executive Chairman (585) 647-6400 Catherine D Amico Executive Vice President Finance Chief Financial Officer (585) 647-6400 Investors:
More informationTesla Motors Reports Fourth Quarter and Full Year 2010 Results
Tesla Motors Reports Fourth Quarter and Full Year Results Strong Sequential Revenue Growth Gross Margin Improves Model S Alpha Drives on Schedule; Program on Track for mid-2012 Deliveries PALO ALTO, Calif.--(BUSINESS
More informationABB Next Level Big shift in power attractive opportunities
Bernhard Jucker and Claudio Facchin, Capital Markets Day, London, ABB Next Level Big shift in power attractive opportunities Slide 1 Agenda Profitably growing ABB s power business Shifting the center of
More informationYears. Solar Business Day 2017 January 25th, Driebergen, Netherlands. PV Production Trends Frank Niendorf, General Manager Europe, Jinko Solar
Years Solar Business Day 2017 January 25th, Driebergen, Netherlands PV Production Trends Frank Niendorf, General Manager Europe, Jinko Solar Company Overview Largest PV Module Manufacturer Worldwide (2016)
More informationEnergy Savings through Solar Energy for Municipalities
Energy Savings through Solar Energy for Municipalities May 2015 2014 Sunvestment Group www.sunvestmentgroup.com Solar Market Growth U.S. US Capacity and Generation: Solar Source: National Renewable Energy
More informationEnabling Utility Scale PV: Challenges for Glass Makers
Enabling Utility Scale PV: Challenges for Glass Makers Romain Beau de Lomenie Director, Module Materials Management Thin Film Products, Solar Business Group Applied Materials International Workshop on
More informationGrowth Opportunities in US PV Market. Ray Lian Solarbuzz, Shanghai
Growth Opportunities in US PV Market Ray Lian Solarbuzz, Shanghai Welcome to the World of Solarbuzz Solarbuzz launched in 2001. Long track record of high quality solar industry market research. Acquired
More informationFinancial Statements Matti Lievonen, President & CEO 7 February 2017
Financial Statements 2016 Matti Lievonen, President & CEO Agenda 1 2 3 4 Year 2016 Financials 2016 Segment reviews Current topics 5 Appendix 2 Disclaimer The following information contains, or may be deemed
More informationProposed acquisition of Areva Distribution. December 2, 2009
Proposed acquisition of Areva Distribution December 2, 2009 Disclaimer All forward-looking statements are Schneider Electric management s present expectations of future events and are subject to a number
More informationSustained growth Q results
ABB LTD, ZURICH, SWITZERLAND, OCTOBER 25, 208 Sustained growth Q3 208 results Ulrich Spiesshofer, CEO; Timo Ihamuotila, CFO Important notices This presentation includes forward-looking information and
More informationManz Automation AG. Conference Call, Full Year Results 2009 March 30, 2010, Reutlingen Dieter Manz/CEO, Martin Hipp/CFO
Manz Automation AG Conference Call, Full Year Results 2009 March 30, 2010, Reutlingen Dieter Manz/CEO, Martin Hipp/CFO Manz Automation is a high-tech equipment supplier for high growth industries is an
More informationGLOBAL ENERGY STORAGE MARKET UPDATE: AUSTRALIAN ENERGY STORAGE ASSOCIATION
GLOBAL ENERGY STORAGE MARKET UPDATE: AUSTRALIAN ENERGY STORAGE ASSOCIATION JUNE 2, 2016 ANISSA DEHAMNA PRINCIPAL RESEARCH ANALYST NAVIGANT RESEARCH 1 TABLE OF CONTENTS SECTION 1: SECTION 2: SECTION 3:
More informationFISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS
FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business
More informationABB delivers strong order growth and cash in Q2
ABB delivers strong order growth and cash in Orders up 13% 1 ; book-to-bill ratio of 1.04x 2 Group operational EBITDA 3 impacted by loss in Power Systems (PS) Decisive step change actions implemented in
More informationQ Matti Lievonen President and CEO
Q1 2018 Matti Lievonen President and CEO CONTENTS 1. Q1 2018 review 2. Group financials 3. Segment reviews 4. Current topics 5. Appendix 2 Disclaimer The following information contains, or may be deemed
More informationGreen Energy: the story of
Green Energy: the story of (TSX:EFL) Jefferies Industrials Conference August 11 th, 2014 1 Disclaimer This presentation contains historical and forward-looking statements. The forward-looking statements
More informationFISCAL YEAR MARCH 2014 FINANCIAL RESULTS
FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215
More informationAmerican Railcar Industries, Inc.
American Railcar Industries, Inc. Exhibit 99.2 Q3 2017 Supplemental Information Investor Contact: 636.940.6000 Website: americanrailcar.com Forward Looking Disclaimer Safe Harbor Statement This presentation
More informationQ Results Conference Call
Q1 2018 Results Conference Call May 2, 2018 Nasdaq & TSX Ticker: BLDP Power to Change the World 1 Conference Call Participants Randy MacEwen President & CEO Tony Guglielmin CFO Power to Change the World
More informationU.S. Solar Market Insight 2012 Year-In-Review
2012 SEIA 2012 SEIA U.S. Solar Market Insight 2012 Year-In-Review Justin Baca Director of Research Solar Energy Industries Association Andrew Krulewitz Solar Analyst GTM Research 2012 SEIA About SEIA Founded
More informationA2A-LGH Partnership. Milan, September 8 th, Borsa Italiana Italian Infrastructure Day
A2A-LGH Partnership Milan, September 8 th, 2016 Borsa Italiana Italian Infrastructure Day Partnership Rationale PARTNERSHIP CRITERIA PARTNERSHIP OPPORTUNITIES Territorial leadership Territorial investments
More informationWestinghouse Solar Management Presentation September 2010
Westinghouse Solar Management Presentation September 2010 NASDAQ: WEST Safe Harbor Statement Statements made in this presentation that are not historical in nature constitute forward looking statements
More informationFinancial Data Supplement Q4 2017
Bank Financial Data Supplement Q4 2017 2 February 2018 Due to rounding, numbers presented throughout this document may not sum precisely to the totals we provide and percentages may not precisely reflect
More informationThird quarter results Matti Lievonen, President & CEO 26 October 2017
Third quarter results 2017 Matti Lievonen, President & CEO 26 October 2017 Agenda 1. Q3/17 Group financials 2. January-September 2017 review 3. Q3/17 Segment reviews 4. Current topics 5. Appendix 2 Disclaimer
More informationConsumer Guidelines for Electric Power Generator Installation and Interconnection
Consumer Guidelines for Electric Power Generator Installation and Interconnection Habersham EMC seeks to provide its members and patrons with the best electric service possible, and at the lowest cost
More informationAlfen acquires Elkamo in Finland A platform for expansion in the Nordics
Alfen acquires Elkamo in Finland A platform for expansion in the Nordics 2 July 2018 Disclaimer This communication may include forward-looking statements. All statements other than statements of historical
More informationCorporate Overview. Business Model. Track Record. Target Markets. Contact
MINING 1. 2. 3. 4. 5. Corporate Overview Business Model Track Record Target Markets Contact 12.11.2013 2 Corporate Overview CRONIMET Mining AG CRONIMET Mining AG CRONIMET Holding was established in 1980
More informationSolar Power & Utilities: Today and Tomorrow
The image part with relationship ID rid9 was not found in the file. Solar Power & Utilities: Today and Tomorrow Presentation at the Nova Scotia Power Customer Symposium 2015 1 Outline Solar Power in the
More informationFirst in Mind First in Choice. Capital Markets Day 2006 Gunnar Brock, President and CEO
First in Mind First in Choice Capital Markets Day 26 Gunnar Brock, President and CEO 1 December 4, 26 www.atlascopco.com Atlas Copco in a Snapshot Continuing operations A world leading provider of industrial
More information1 st Half 2018 Results. August 1 st, 2018
1 st Half 2018 Results August 1 st, 2018 H1 HIGHLIGHTS & CATEGORY SPOTLIGHTS Gonzalve BICH 2 First Half 2018 Key Messages Challenging market and business environment Continued investment in targeted Brand
More informationNet Metering in Illinois. Eric P. Schlaf Senior Economic Analyst Illinois Commerce Commission January 31, 2014
Net Metering in Illinois Eric P. Schlaf Senior Economic Analyst Illinois Commerce Commission January 31, 2014 Topics What is Net Metering Benefits of Net Metering Net Metering in US Net Metering in Illinois
More informationSlide 1. ABB September 9, 2015
Tarak Mehta, Head of Low Voltage Products, ABB Ltd., Capital Markets Day, Next Level Stage 2 New Electrification Products division: Power & Automation for the site Slide 1 Important notices Presentations
More informationFactbook. Tokyo Electric Power Company Holdings, Inc. August Tokyo Electric Power Company Holdings, Inc. All Rights Reserved.
Factbook Tokyo Electric Power Company Holdings, Inc. August 2018 (Note) Please note that the following to be an accurate and complete translation of the original Japanese version prepared for the convenience
More informationFor the highest caliber solar system choose Rosendin Electric s exceptional collaborative team
For the highest caliber solar system choose Rosendin Electric s exceptional collaborative team Our unique team brings you the strongest design recommendations, installation expertise and financial advice
More informationFISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS
FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Quarter Results Fiscal Year March 2018 Full Year Forecast Structural Reform Stage 2 Progress
More informationNATIONAL CONFERENCE of STATE LEGISLATURES. October 9 th, 2009 Ervan Hancock
NATIONAL CONFERENCE of STATE LEGISLATURES October 9 th, 2009 Ervan Hancock Georgia Power Overview Georgia Power Largest of four Southern Company electric utilities $7.2 billion in revenue 2.3M+ customers
More informationADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom
DISRUPTION ADP!AALTO PARTNERS FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019 Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom Executive Summary How to Maintain
More information9M 2003 Financial Results (US GAAP)
9M Financial Results (US GAAP) January 2004 LUKOIL Group Crude Oil Production* mln tonnes 82 80 78 76 74 72 70 68 66 64 Crude oil production 3.2 5.5 3.9 76.8 70.3 71.3 2001 Production by subsidiaries Share
More informationDeGrussa Solar Hybrid Project
DeGrussa Solar Hybrid Project Essential Information 27 June 2017 Neoen, a leading international IPP Neoen has installed or is currently constructing more than 1.1GW of renewable energy projects globally:
More informationBERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018
ABB LTD, NEW YORK CITY, USA, 31 MAY 2018 Positioned for profitable growth BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018 Ulrich Spiesshofer, CEO Important notice This presentation includes forward-looking
More informationOshkosh Truck Corporation Acquisition of JLG Industries, Inc. Investor Presentation October 16, 2006
Oshkosh Truck Corporation Acquisition of JLG Industries, Inc. Investor Presentation October 16, 2006 Forward Looking Statements Our remarks that follow, including answers to your questions and these slides,
More informationWholesale Power Supply Socorro Electric Cooperative, Inc. Rob Wolaver, P.E. Senior Manager, Energy Resources
Wholesale Power Supply Socorro Electric Cooperative, Inc. Rob Wolaver, P.E. Senior Manager, Energy Resources Outline Tri-State Background Tri-State Generation Mix Power Delivery Wholesale Electricity Markets
More informationRecord CY 2016 EPS-diluted-adjusted of $6.12, an increase of $1.10 Y-O-Y. Q EPS-diluted-adjusted of $1.28, a decrease of $0.11 Y-O-Y.
1 2 3 Q4 2016 global deliveries up 0.1 million units year-over-year (Y-O-Y), a 3.3% increase. Volume gains primarily in North America and China, offset by reductions in International Operations (excluding
More informationExhibit 1. Background. Authorizing Legislation
Background Authorizing Legislation The Boulder Canyon Project Act (43 U.S.C. 617, et seq.), enacted by the U.S. Congress in 1928 (The 1928 Act), authorized the Secretary of the Interior to spend up to
More informationPlug Power and Workhorse Provide FedEx Express With First ProGen Fuel Cell-Powered Electric Delivery Van
Plug Power and Workhorse Provide FedEx Express With First ProGen Fuel Cell-Powered Electric Delivery Van 5/1/2018 First of its kind to operate in a standard commercial on-road environment LATHAM, N.Y.,
More informationValvoline Inc. Reports Preliminary Financial Results for Fourth Quarter of Fiscal 2016
NEWS RELEASE Valvoline Inc. Reports Preliminary Financial Results for Fourth Quarter of Fiscal 2016 11/8/2016 Fourth Quarter Financial Highlights Completed initial public offering of 34,500,000 Valvoline
More informationInvestor Relations News
Investor Relations News Financial year 2017: MTU Aero Engines AG once again posts record figures Earnings forecast for 2017 fully met Outlook for 2018: Moderate earnings increase, cash conversion rate
More informationSecond quarter AB Volvo
1 VOLVO GROUP Strengthened focus on core business divests Volvo Aero Enterprise value of SEK 6.9 billion. Completion expected during the third quarter of 2012. acquires shares in Deutz AG Largest shareholder
More informationGeneral Overview of the Company April 2010
General Overview of the Company April 2010 Forward-Looking Statements Certain of the information presented looks forward in time and deals with other than historical or current facts for AutoCanada Inc.
More informationQ3 & 9M 2018 Results Presentation. October 24 th, 2018
Q3 & 9M 2018 Results Presentation October 24 th, 2018 Q3 & 9M HIGHLIGHTS & CATEGORY SPOTLIGHTS Gonzalve BICH 3Q and 9M 2018 Results Presentation 2 9 Months 2018 Key Messages Continued challenging trading
More informationHealthier Net Profit under Stronger IDR
Investor Bulletin, First Half 2002 Healthier Net Profit under Stronger IDR As of June 2002, the consolidated revenue in USD increased by 32% y.o.y. Due to IDR strengthening against USD, in IDR revenue
More informationGabelli & Company, Inc. 32 nd Automotive Aftermarket Symposium November 4, Page 1
Gabelli & Company, Inc. 32 nd Automotive Aftermarket Symposium November 4, 2008 Page 1 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements contained
More informationSolar Farms using the Tensioned Cable System (TCS) for mounting Solar PV Panels
Solar Farms using the Tensioned Cable System (TCS) for mounting Solar PV Panels September 6, 2013 Developed by Olympic Energy Systems, Inc. 907 19 th Street Port Townsend, WA 98368 (360) 301-5133 OES Solar
More informationRespect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff.
Respect for customers, partners and staff Service: another name for the respect that a company owes its customers, partners and staff. Vehicle glass KEY FIGURES (in EUR million) 2004 2003 % change Total
More informationManagement Plan for FY2013
for April 26, 2013 Fuji Electric Co., Ltd. 1 Looking back from FY2010 to Establish profitable structure by business restructuring ED&C, Magnetic Disks, Vending Machines, Drives, Power Semiconductors and
More informationEarnings conference call Q4 & FY 2016
Earnings conference call Q4 & FY 2016 Bo Annvik, CEO / Åke Bengtsson, CFO February 10, 2016 1 Agenda Business Highlights Market Update Sales Financials Way forward 2 Business Summary FY 2016 A year with
More informationOrders received grew in all business areas
26 October 2018 Orders received grew in all business areas Cargotec s January September 2018 interim report Mika Vehviläinen, CEO Mikko Puolakka, CFO Cargotec s January September 2018 interim report 26/10/2018
More informationEconomics and Barriers to Solar Photovoltaic Applications in Barbados
Economics and Barriers to Solar Photovoltaic Applications in Barbados Roland R Clarke PhD Clarke Energy Associates www.clarkeenergy@aol.com clarkeenergy@aol.com Presented to Alternative Energy: Pathways
More informationCANADIAN SOLAR PRODUCT PORTFOLIO
CANADIAN SOLAR PRODUCT PORTFOLIO 17 March. 2016 Canadian Solar EMEA CSIQ NASDAQ Listed Content Company Description Nomenclature Portfolio 2 COMPANY DESCRIPTION 3 COMPANY DESCRIPTION A rapidly growing solar
More informationSOLAR PV BALANCE OF SYSTEM GLOBAL MARKET SIZE, TECHNOLOGY REVIEW, COST ANALYSIS, AND KEY COUNTRY ANALYSIS TO 2020
REFERENCE CODE GDAE1093M AR PUBLICATION DATE DECEMBER 2014 SOLAR PV BALANCE OF SYSTEM GLOBAL MARKET SIZE, TECHNOLOGY REVIEW, COST ANALYSIS, AND KEY COUNTRY ANALYSIS TO 2020 Executive Summary China Continues
More informationABLC! Advancing Renewable Chemicals! November 10, 2014! Copyright 2014 Renewable Energy Group, Inc.
ABLC! Advancing Renewable Chemicals! November 10, 2014! Safe Harbor Statement! This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationSilicon & Wafer Solar Cell & Module Thin Film Semiconductor. Annual Report March 31, 2009
Silicon & Wafer Solar Cell & Module Thin Film Semiconductor Annual Report 28 March 31, 29 Disclaimer We have exercised utmost care in the preparation of this presentation. It contains forecasts and/or
More informationNew Jersey Solar Roundtable
New Jersey Solar Roundtable Transition to a Market-based REC Financing System Michael Winka, Director NJBPU, Office of Clean Energy Presented at Thomas Edison Institute March 5, 2007 NJ Solar Financing
More informationFISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS. Updated Mazda CX-5 (Japanese specification model)
FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS Updated Mazda CX-5 (Japanese specification model) Mazda Motor Corporation February 4, 2015 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015
More informationWHY SOLAR IS GOOD FOR YOU?
WHY SOLAR IS GOOD FOR YOU? SAVE ON ELECTRICITY BILLS The electricity rates have grown between 2.5% and 7% per year over the past two decades. The steadily increasing electricity rates can be volatile and
More informationPV Solar as an Option to complement the Peruvian electrical energy mix in the future. April
PV Solar as an Option to complement the Peruvian electrical energy mix in the future April 2014 1 Using the power of the sun since hundreds of years Inti or Tayta Inti was the Sun-God and the god of the
More informationQ3 Interim Report 2016
Q3 Interim Report 216 Lennart Evrell President & CEO Håkan Gabrielsson CFO Strong earnings and high mine production Revenues 9,733 (9,764) MSEK EBIT ex PIR* 1,318 (1,55) MSEK EBIT 1,529 (88) MSEK Free
More informationABB Fact Sheet Full-year ABB Slide 1
ABB Fact Sheet Full-year 2014 Slide 1 ABB at a glance ABB is a global leader in power and automation technologies with over 120 years of experience. Our success has been driven by a strong focus on R&D
More informationContents. Solar Select TM Frequently Asked Questions
Solar Select TM Frequently Asked Questions Contents Program Overview and How Solar Select Works... 1 Participation Requirements... 3 Cost and Payment... 4 Solar Production... 5 Development, Equipment,
More informationUPM THE BIOFORE COMPANY
UPM THE BIOFORE COMPANY Nordea Forest Products & Paper Seminar 2013 President and CEO Jussi Pesonen Strategic direction of UPM s businesses Advancing in growth markets Label Paper in China, label papers
More informationJointly towards a long term sustainable energy supply
Jointly towards a long term sustainable energy supply Lars G. Josefsson, CEO Vattenfall, CEO Nuon 23 February 2009 Agenda Nuon & Vattenfall: a great partnership Rationale for Nuon Rationale for Vattenfall
More informationCLEAN POWER HEALTHY COMMUNITIES CONFERENCE
CLEAN POWER HEALTHY COMMUNITIES CONFERENCE May 10 th, 2012 Tony Seba tony@tonyseba.com Solar Trillions Copyright 2008-2012 by Tony Seba Solar vs Conventional Power Costs Solar costs go down while conventional
More information2003 fourth quarter and full-year results
Dinesh Paliwal Member of Group Executive Committee, Head of Automation Technologies Division 2003 fourth quarter and full-year results Automation Technologies Copyright 2003 ABB. All rights reserved. -
More informationQ1 Report Joakim Olsson CEO and President April 23, Innovative Vehicle Technology
Q1 Report 2010 Joakim Olsson CEO and President April 23, 2010 Innovative Vehicle Technology 2010-04-23 Summary 1st quarter 2010 Sales of SEK 1,600m (1,562) Adjusted for currency-exchange fluctuations and
More informationGrasshopper Vision. Accelerate the adoption of sustainable practices by creating accessible and affordable products for everyone.
Meeting Objective 1. Who are we? 2. Review Commercial Solar Industry 3. Who are the ideal candidates for solar? 4. Key Site Conditions 5. Typical Upfront and On-going Costs Grasshopper Vision Accelerate
More informationParis Tuesday, April 1, Europcar Groupe 2007 Annual Results
Paris Tuesday, April 1, 2008 Europcar Groupe 2007 Annual Results Speakers Salvatore Catania Chief Executive Officer, Europcar Groupe Charles Desmartis Chief Financial Officer, Europcar Groupe 1 Europcar
More informationfor the 2nd Quarter of Fiscal Year 2016 TABUCHI ELECTRIC CO., LTD (Security code:6624)
Summary of Financial Statement for the 2nd Quarter of Fiscal Year 2016 October 28th, 2016 TABUCHI ELECTRIC CO., LTD (Security code:6624) FY2016 2Q Result Overview Copyright(C) Tabuchi Electric Co., Ltd.
More informationEnphase Energy. Analyst Day. November 2015
Enphase Energy Analyst Day November 2015 Safe harbor Use of forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationWINNIPEG HYDRO QUICK FACTS
THE OFFER Manitoba Hydro makes the following payments and commitments: Years 1-5 $25 million per annum 6 9 $20 million per annum 10 TH in perpetuity $16 million per annum PLUS $1 million per annum in services*
More informationGood demand in Hiab continued
24 April 218 Good demand in Hiab continued Cargotec s January March 218 interim report Mika Vehviläinen, CEO Mikko Puolakka, CFO Cargotec s January-March 218 interim report 24/4/218 1 Contents 1. Group
More informationCosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2012 August 2, 2012 Director: Satoshi Miyamoto
Cosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2012 August 2, 2012 Director: Satoshi Miyamoto Copyright 2012 COSMO OIL CO.,LTD. All Rights Reserved. Key Points of Financial Results
More informationPresentation to Investors Q results ROYAL DSM HEALTH NUTRITION MATERIALS
Presentation to Investors Q3 2016 results ROYAL DSM HEALTH NUTRITION MATERIALS Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s future (financial) performance
More informationFact Sheet for Q April 22, 2016
Fact Sheet for Q1 2016 April 22, 2016 Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4-13 Information for Divisions Mercedes-Benz Cars 14-17 Daimler Trucks 18-22 Mercedes-Benz
More informationThis presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are
This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual
More information3 rd Quarter 2017 Results
Inside your life! 3 rd Quarter 2017 Results October 25, 2017 Mobile Automotive Display Semiconductor IoT LED Contents Ⅰ. Q3 2017 Earnings Summary Ⅱ. Earnings Highlight & Outlook Ⅲ. Results & Outlook by
More informationAnnual Press Conference
Annual Press Conference Stuttgart, 16 December 2016 Prof. Dr. Michael Kaschke President & Chief Executive Officer Thomas Spitzenpfeil Chief Financial Officer ZEISS Group, 2015/16 Annual Press Conference
More informationFISCAL YEAR END MARCH 2012 FINANCIAL RESULTS. Mazda TAKERI
FISCAL YEAR END MARCH 212 FINANCIAL RESULTS Mazda TAKERI Mazda Motor Corporation April 27, 212 1 PRESENTATION OUTLINE Highlights FY End March 212 Results FY End March 213 Forecast Summary Progress Toward
More information