2. Agenda
1 Business Overview
2 Market Overview
3 Technology Overview
4 ThinFab™ Introduction
5 Summary
Page 2 Company Presentation
3. Agenda
1 Business Overview
2 Market Overview
3 Technology Overview
4 ThinFab™ Introduction
5 Summary
Page 3 Company Presentation
4. Oerlikon is a Provider of Clean-Technology
Solutions
Oerlikon Oerlikon Oerlikon Oerlikon
Solar Vacuum Drive Systems Advanced
Technologies
… supplies … supplies pumps … supplies … supplies coating
capital equipment used in vacuum advanced gearboxes equipment for front-
turnkey production coating processes, for Wind Turbines and back-side
lines a-Si/µc-Si lamination and and complete coating
various other process transmissions for of crystalline silicon
steps Electric Vehicles solar cells
Page 4 Company Presentation
5. Oerlikon Solar at a Glance
Oerlikon Solar’s vision
is to make solar power
economically viable.
A leading suppliers of
production lines for thin
film silicon modules
More than 870 MW
contracted to-date
Approximately 700
employees including
300 scientists and
engineers as well as
200 global customer
personnel
Serving from 13 locations in 9 countries
R&D investments of
more than MCHF 200 in
last 4 years
Page 5 Company Presentation
6. Milestones in Oerlikon Solar’s History
PV lab at IMT Oerlikon founds own R&D lab 1st Micromorph® end-to-end
production line contract
TUV certification for Micromorph®
VHF PECVD 1st equipment launch of ThinFab € 0.50/Wp
deposition sale - Schott Solar
Champion cell 11.9% efficiency
10% efficiency average
1986 1989 1993 2003 2004 2005 2008 2009 2010 2011
Technology roadmap
to 12% efficiency
Micromorph®
technology
patent 1st ThinFab™ sold
1st functional 1.4 m2 a-Si module 1st customers in commercial production
Opportunity Concept & Commercalization &
identification product Mass Production
Page 6 Company Presentation
7. Agenda
1 Business Overview
2 Market Overview
3 Technology Overview
4 ThinFab™ Introduction
5 Summary
Page 7 Company Presentation
8. Driven by Fundamental Drivers – PV Markets
have Consistently Exceeded Analyst
Expectations
Energy Demand PV Growth (GW): +2,006%
38
Conventional Energy Costs
27
46% 21
Fossil Resources 19
14
Environmental Regulations 6 7
2 3
National Security
Source: Navigant Consulting, Feb 2011
Page 8 Company Presentation
9. Solar Technologies Overview
Oerlikon Solar is the World Leader in Advanced
Thin Film Silicon Technology
Solar Power
Concentrated Photovoltaic (PV)
Solar Power
Wafer based Thin Film Technologies
C-Si TF-Si CdTe CIGS
Page 9 Company Presentation
10. Oerlikon Solar Customer Update
Reaching the Giga-Watt Landmark
Customer Location Technology Type Project MW
24% Amorphous
Bosch Solar Germany Micromorph® Equipment 40
Schott Solar Germany Amorphous Equipment 40 Micromorph
CSG Germany Amorphous Equipment 20 76%
Sun Well Taiwan Amorphous Turnkey 50
Inventux Germany Micromorph® Equipment 30
Auria Solar Taiwan Micromorph® Turnkey 60
22% Equipment
Pramac Switzerland Micromorph® Turnkey 30
Astronergy China Micromorph® Turnkey 30/75 Turnkey
78%
Tianwei China Micromorph® Turnkey 46/75
Gadir Solar Spain Amorphous Turnkey 40
Heliosphera Greece Micromorph® Turnkey 60
Hevel Russia Micromorph® Turnkey 130
DongXu China Amorphous Equipment 60
43% Asia
Gongchuang China Micromorph® Turnkey 40 57% Europe
Asian
Asia Micromorph® Turnkey 120
Customer
TOTAL 870 MW
* upgrade to total 75 MW in 2011
Page 10 Company Presentation
11. More than 5 Million Panels Produced on
Oerlikon Equipment
Saarbrucken, Germany
2.77MWp project commissioned June 2010, Ground mounted, Financing by LevoBank eG
Page 11 Company Presentation
12. Thin Film is Well-Positioned for Future Markets
World market 2010 Average
annual ground
solar energy
(1983-2005)
7.5
7
6
5
4
3
Clear sky isolation
incident, horizontal
surface
(kWh/m³/day)
World market 2020 Source: NASA 2008
Page 12 Company Presentation
13. Agenda
1 Business Overview
2 Market Overview
3 Technology Overview
4 ThinFab™ Introduction
5 Summary
Page 13 Company Presentation
14. Oerlikon Solar Thin Film Silicon Technology
Lowest Cost, Highest Efficiency
Cell Structure Cell Cross Sections Spectral Cell Sensitivity
Amorph
Micromorph®
Page 14 Company Presentation
16. Think Thin with Oerlikon Solar Technology
Best in Class Equipment Utilization and
Production Control
Front End Back End
Thinner silicon Thinnest laser Unique thin Thinner, Thinner
absorber “dead zone” film front simpler back module glass,
contact end process reduced
weight
Page 16 Company Presentation
17. Agenda
1 Business Overview
2 Market Overview
3 Technology Overview
4 ThinFab™ Introduction
5 Summary
Page 17 Company Presentation
18. THINFAB™
End-to-End Glass to Module Production Factory
Module Efficiency 10% / 143 Wp
Module Size 1.1 x 1.3 m2
Technology Micromorph®
Annual Output 120 MW ~850‘000 Modules
Yield 97%
Module production cost < € 0.50 per watt
Page 18 Company Presentation
19. THINFAB™ - Investment Analysis
Localized PV
Supply Chain
THINFAB Payback €/W
Capital Investment
1.00
(Equipment Only)
E2E in-house factory
Module Production Cost
0.50
incl. Depreciation
Expected Module ASP 0.70-0.80
Gases
Gross Margin (%) 30-40%
PV Module
3.5-4.5
Payback Period
years
“Swiss Quality
Made Locally” Energy Payback Period < 1 year
Glass
Page 19 Company Presentation
20. Oerlikon Solar Roadmap to 12% Module Efficiency
Improved Process
Structured glass
Advanced bottom cell process
170 Champion cell 11.9%
150 10.5%
Stabilized Power (Watt)
Champion module
9.1%
Efficiency
130 ThinFab™ process
New Module Design
110 7.7%
Thin layers 200/800nm
90 6.3%
4.9%
70
2009 10 11 12 13 14 2015
Today Year of Module Production
(Equipment Order Prior Year)
Page 20 Company Presentation
21. Beyond Certification - Higher-level Stress Testing
Micromorph Demonstrates Superior Reliability
Oerlikon Design
OLD design
P7 -4000V 91.1% from initial power
P7 95.4% from initial power
P7 – with ES 96.3% from initial power
Thin Film – Several manufacturers
A
B
C
E
D
F
G
H Benchmark Crystalline
BDH hours 0 500 1000 1500 2000 2500 3000 3500 4000…. 5000 6000
The red indication corresponds the time range where the module had less than 80% of the initial power
failure. Gray color represents at least 80% from initial power. All @ -1000V if not described
Page 21 Company Presentation
22. Proven Outdoor Performance
Comprehensive Technology Benchmarking
Different Climates: Moderate European (CH),
Hot & Dry (Arizona, USA), Alpine (under
construction)
R&D: Continuous Product Improvement
Project Development and Funding: Test program
supports Oerlikon Solar Customers, Project
Developers, Investors, Banks as well as Institutes
Hot & Dry Climate
Moderate European Climate Grid Connected Test Arrays
Page 22 Company Presentation
23. Competitive Advantage of Thin Film on
Energy Consumption & Payback
Photovoltaic Energy Payback (yrs) Carbon Footprint (g Co2 eq/kWh)
-67%
-96%
3.00
1.90
1.00
TF-Si
TF (OS µc-Si)
Biomass
Geothermal
Nuclear
Oil
Coal
Gas CC
c-Si CIGS CdTe
Wind
(OS µc-Si)
Page 23 Company Presentation
24. Cost of Electricity with Oerlikon Solar Technology
Module cost 0.50 €/Wp
Overhead Margin 0.18 €/Wp
Module price 0.68 €/Wp
BOS cost 0.78 €/Wp
Total system cost 1.46 €/Wp
Electricity cost 0.10 €/kWh
Now available in Turkey 10 €¢/kWh
25. Agenda
1 Business Overview
2 Market Overview
3 Technology Overview
4 ThinFab™ Introduction
5 Summary
Page 25 Company Presentation
26. Summary - Key USPs of Oerlikon Solar’s
THINFAB™ Technology
Lowest PV module production cost Highest PV electricity yield
€ 0.5/Wp with local production at Over 5% more electricity generation,
reasonable scale of 120 MW especially in low light and high
temperature conditions
Innovative Micromorph® technology Lowest carbon footprint
10% average efficiency guaranteed Energy payback time less than one
today, roadmap to 12% year
Proven ThinFab™ Most environmentally friendly
manufacturing solution PV technology
Guaranteed performance, over 97% No toxic material, no scarce
line yield, 120MW per year resources
Page 26 Company Presentation
27. With the capacity of one ThinFab™
200 million kWh are produced in a year
Lighting more than 30,000 houses
in US or 150, 000 in India
And
Creating 200 direct jobs and >1500 indirect jobs
In Engineering, Finance, IT and Education
And
Our promise to keep the world at the cutting
edge of technology
Thank you for your attention!
Page 27 Company Presentation
28. Disclaimer
This presentation is based on information currently available
to management. The forward-looking statements contained
herein could be substantially impacted by risks and influences
that are not foreseeable at present, so that actual results may
vary materially from those anticipated, expected or projected.
Page 28 Company Presentation
