#1Fiscal Year 2022 Presentation for Investors, Analysts, Media March 23, 2023 ☑ MEYER BURGER#2Disclaimer NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL This document is not intended to constitute, and does not constitute, an offer or solicitation to purchase or invest in any securities of Meyer Burger Technology AG (the "Company"). In particular, this document is not a prospectus within the meaning of the Swiss Financial Services Act ("FinSA"). This document has not been and will not be filed with or approved by any Swiss regulatory authority. In particular, this document has not been and will not be reviewed or approved by a Swiss reviewing body (Prüfstelle) pursuant to article 51 of the FinSA and does not comply with the disclosure requirements applicable to a prospectus within the meaning of the FinSA. Investors are advised to consult their bank or financial adviser before making any investment decision with respect to securities of the Company. This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release of this document would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. 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The Company disclaims any obligation to update any such forward-looking statements. ☑ MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 2#3Agenda 1 Business review Gunter Erfurt, CEO 2 Financial statements 2022 Markus Nikles, CFO 3 Sales and marketing update Moritz Borgmann, CCO 4 Outlook Gunter Erfurt, CEO MEYER BURGER 3#4MEYER BURGE St Business review 4#5With technology leadership and scalability, Meyer Burger can establish itself as a strong player in the Western solar industry Nominal production capacity 2023E [GW] 1% 1% 1% 5% -0% 1% 3% 1% 8% 2%1 10% 98% 91% 91% 87% U.S. Europe RoW China¹ Poly-Si Wafer Cell Module Solar energy has been crowned the "new king of electric power generation" worldwide, but the king nowadays reigns with great power from China • Due to consistent industrial policy in China with a clear vision, Chinese manufacturers overwhelmingly dominate the industry Meyer Burger has been building its gigawatt production capacity since 2020 based on its leading technology and differentiates its products from the competition Proprietary technology used in the captive business model and the scalability of additional manufacturing capacity position Meyer Burger well in the new geopolitical reality The solar industry is increasingly seen as a key system-critical technology in the West, from which Meyer Burger's sustainable growth is expected to benefit Source: Solar Media Ltd. PV Manufacturing & Technology Quarterly Report - Release 28 - February 2023 1) Incl. Chinese companies operating in ESEA MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 5#6We are confident to achieve the adjusted production volume for 2023 Production volume [MW] YTD @Annual Media Conference date ~800 FY (actual) FY (expected) 321 ~120 30 41 0 2021 2022 2023 MEYER BURGER Full focus on delivering capacity increase, despite delayed third line due to recent supply chain setback • Delay in deliveries of industrial electronic components needed for the timely ramp-up of the third module line in Freiberg, Germany is primary root cause for the lowered production volume guidance of c. 800 MW for 2023, as announced on March 2, 2023 Expansion of the solar cell production in Thalheim (city of Bitterfeld-Wolfen, Germany) to approximately 1.4 GW is ahead of module expansion Phase 2 expansion to approximately 3 GW (additional volumes for U.S. production) is on track as of today . Phase 2+ expansion project (additional approximately 400 MW) will be started immediately Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 6#7Path to profitability - target cost indication December 2023 COGS [EUR/module] Direct materials Direct labor Other OPEX (incl. ramp-up costs and depreciation) Full loading of manufacturing lines is key to sustained profitability to be reached in 2023 February 2023 COGS still burdened by ongoing ramp-up (underabsorption and production variances, costs attributable to commissioning of third German line and build of U.S. lines) Main drivers to achieve 2023 target costs are Feb. 2023 Target Dec. 2023 MEYER BURGER • Production volume • Wafer price • Yield Direct labor costs are not a significant cost driver due to the high degree of automation With increased volume and lower cost, expect positive EBITDA for FY 2023 Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 7#8MEYER BURGER Swiss and German solar technology inside • . • Within the captive business model, technology development and equipment manufacturing is combined in strategically synergistic way Closed-loop innovation process in strong collaboration with leading R&D institutes (CSEM, HZB, Fraunhofer) Utility module MB Utility Glass development on track (see product example in picture) Next-generation back contact heterojunction technology (IBC) shows almost negligible degradation Dedicated innovation team continuously strengthening Meyer Burger's patent and IP base to defend proprietary know-how against infringement New glass-glass module platform announced Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 8#9MEYER BURGER Financial statements 2022 9#10Key figures P&L 2022 Net sales [CHF m] 147 EBITDA [CHF m] EBIT [CHF m] Net result [CHF m] 40 9 125 31 22 2021 2022 2021 2022 2021 2022 2021 2022 -35 -54 Modules -72 -70 -85 Modules Pasan/OldCo -100 MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023#11Key metrics 2022 FTE 789 1.034 2021 2022 Cash & cash equivalents [CHF m] 293 231 2021 2022 Inventories [CHF m] PP&E and PP&E ratio¹ [CHF m and %] Equity and equity ratio² [CHF m and %] 59.9% 53.1% 29.2% 429 25.2% 261 211 119 124 41 2021 2022 2021 2022 2021 2022 1 PP&E ratio reflects the proportion of PP&E on total assets; 2 Equity ratio reflects the proportion of equity on total liabilities and equity MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 11#123. Sales & marketing update XX MEYER BURGER 122 12#13Target market size forecasts project continued strong growth Europe annual installations [GW] 42 U.S. annual installations [GW] 64 55 Residential 20 27 27 33 Strong market growth expected in both key target regions Europe and U.S.; large residential market means that only limited volume needs to be sold into C&I EU residential segment expected to continue strong growth in 2023 driven by high electricity prices and public support U.S. residential market 2023 expected to be strong but flat compared to 2022, given headwinds of inflation and higher interest rates Meyer Burger continues to derisk regional portfolio exposure through broad geographic volume allocation, approximately in line with market size 16 17 13 5,7 5,5 8 2022E 2023F 2024F 2022E 2023F 2024F Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 13 Sources: Europe: Solar Power Europe European Market Outlook 2022, Swissolar, Meyer Burger estimates; U.S.: Wood Mackenzie, BNEF, Roth Capital, Ohm Analytics, Meyer Burger estimates MEYER BURGER#14Meyer Burger increasingly defining premium market segment - maintaining significant price gap to mainstream Competitive European residential price benchmark, distributor to installer [EUR/Wp] Meyer Burger European Asian mainstream Sep Okt Nov Dez Jan Feb Mrz Apr Mai Jun Jul Aug Sep Okt Nov Dez Jan Feb Mar 21 21 21 21 22 22 22 22 22 22 22 22 22 22 22 22 23 23 23 ☑ MEYER BURGER • • • • High end-customer willingness to pay for solar Meyer Burger provides significantly higher energy yield per module area, which translates into an economically justifiable price premium on a per-Wp basis Since the product launch in 2021, Meyer Burger has been able to realize substantial price premium compared to mainstream and EU-assembled products and has even been able to pass through cost increases Meyer Burger has been increasingly defining the "premium" market segment after the exit of LG Electronics and Panasonic from the module market – testament to the strong brand. Mission is now to expand the segment - So far, Meyer Burger has successfully insulated itself from price pressure in the broader market. Moderate price decrease planned to reflect pricing environment Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 14#15Higher production run rate now enables broad availability of product and scaling of installer base Launch event of "Meyer Burger Club” and "Performance Partner" program ☑ MEYER BURGER MEVER BL ALTER BURGER HEYER BURGER MEYER BURGER XXMEYER BURGER ☑MEYER BUF F . • . . Achievements 2022: Broad geographic coverage with diverse customers enables scalability 2023+. Australia to be entered Sold 250 MW (difference to production volume is primarily due to long U.S. shipment times and seasonal inventory build-up at end of year) Established Meyer Burger installer partner program - future platform for key strategic initiatives Entered U.S. market with substantial volumes, won C&I pipeline with major U.S. developer, boosting bankability Outlook 2023: No longer constrained by severely limited production volume - Meyer Burger product now broadly available at distributors, enabling take-up by installers Currently working with customers to agree on target volumes and to secure orders through end of year Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 15#16New unified product platform delivers value for customers and Meyer Burger - glass is the "ultimate backsheet" New unified product platform from 2024 • All products to be built with glass as backsheet • Back side can be colored (white, black) or kept transparent • Same module technology for residential and utility module ☑ MEYER BURGER • • Customer advantages - increasing value . Lower degradation, better longevity and longer warranty • . • . • compared to glass/foil backsheet products - Unified product dimensions – white, black and bifacial variants can be seamlessly swapped Lower weight than current glass/glass product, similar to glass/foil product Higher system voltage (1,500 V) Meyer Burger advantages - reducing cost/complexity Less product variations reduce overhead and complexity in production, procurement, logistics and engineering Higher production throughput after line optimization Even more coherent strategic positioning as "quality leader" Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 16#17• • • Increasing Goodyear capacity by ~400 MW and replicating DESRI offtake agreement Capacity expansion • Module: increasing Goodyear annual capacity from approximately 1.6 GW to approximately 2 GW with minimal incremental CAPEX Cell: additional equipment for higher cell volume required in Thalheim (Bitterfeld-Wolfen, Germany) Key offtake parameters for incremental volume Customers: two new major developers/offtakers Term: multi-year starting in 2025 Down payments: down payment for incremental CAPEX as well as substantial recurring annual down payments for working capital Further economically attractive expansion Contractual offtake structure successfully pioneered with DESRI now replicated with new blue chip customers Compared to DESRI agreement, higher and earlier down payments also cover required CAPEX Expansion to overall approximately 3.4 GW triggers incremental economies of scale that further dilute fixed costs and improve operational margins Additional IRA tax credits to be earned through U.S. module production (partially shared with customers) Further strengthening of Meyer Burger's U.S. footprint Negotiations with further strategic offtake partners in the U.S. and Europe on the back of the proven offtake model continue to be ongoing MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 17#184 Outlook ☑X MEYER BURGER Source: UNIT 4 Architects Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 18#19Demand for clean electrical energy continues growing, with solar becoming a globally strategic technology Solar energy is becoming more and more strategic Expected global solar market size by region [GW] 450 • Demand for solar energy defies all global crises, with pace of growth accelerating 400 However, the concentration of the production of solar technology on China is becoming a growing strategic concern in the Western hemisphere 350 300 250 • China announced a potential export ban on polysilicon, crystal growing and wafer production technologies at the end of 2022, making it difficult to build an alternative solar industry outside of Chinese control +12.8% CAGR 200 150 100 Meyer Burger has gained strategic independence through its captive model and can grow in the new geopolitical reality 50 0 MEYER BURGER +18.4% CAGR Europe Asia Pacific North America MENAT Sub-Saharan Africa Central & South America 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Source: Apricum - The Cleantech Advisory, Q1 2022, center scenario, Q1 2023 Europe + U.S., center scenario Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 19#20Industry policy announcements and potential financial support for solar industry relaunch in the European Union TCTF MATCHING CLAUSE (effective) With the TCTF, the European Commission has lifted some state aid restrictions Matching clause under the TCTF makes CAPEX/OPEX support for up to 100% of an investment possible (Nr. 86) Prerequisite: Aid offered by other third country (e.g., through U.S. Inflation Reduction Act) Project must meet a range of conditions (location etc.). The TCTF only provides the state aid framework, Member States need to set up the necessary schemes All funding under the matching clause needs individual state aid notification and approval from the European Commission European Commission NZI-A PREMIUM (in EU Parliament & Council now) ☐ The Net Zero Industry Act (NZI-A) is a regulation proposed by the European Commission. European Parliament and Council still need to approve. Adjustments possible, approval is likely by end of 2023 NZI-A would offer additional support with a Net Zero Resilience Premium (Article 21) and through advantages in renewable energy auctions (Art. 19+20) Member states would be required to establish premium funding for sustainable & resilient products for end consumers: 5% extra on prices that end customer pay for „net-zero resilience" modules Member states would be required to adjust auction results according to net-zero resilience criteria Parts of premiums would then be expected to trickle down to the manufacturer Securing a share of the premium through pricing will be key to additional OPEX support MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 20#21• Outlook 2023 • Ongoing expansion projects in Germany and the U.S., with increased target to achieve approximately 3.4 GW nameplate capacity by end of 2024 Targets for 2023: ~800 MW production Positive EBITDA • Fast track addition of further capacities depending on industry policy implementation in Europe and the U.S. Nominal production capacity expected [GW] 6.96.9 Cell Module 4.1 4.1 3.4 3.4 1.4 1.4 1.0 1.0 0.40.4 2021 2022 2023e 2024e 2025e¹ 2026e¹ ☑ MEYER BURGER 1) Scenario, depending on policy support, e.g. EU Innovation Fund Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 23, 2023 21#22☑ MEYER BURGER With the right energy anything is possible