#1MEYER BURGER PROJECT INDIUM EVOLUTION INTO A SOLAR CELL AND MODULE MANUFACTURER Corporate Presentation January 2021#2DISCLAIMER MEYER BURGER NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE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 an offer or solicitation to purchase or invest in any securities of Meyer Burger Technology AG (the "Company"). In particular, this document is neither (i) a prospectus as such term is understood pursuant to the Swiss Financial Services Act ("FinSA") nor (ii) an issuance prospectus pursuant to article 652a of the Swiss Code of Obligations in its version as it was effective immediately prior to the entering into force of the FinSA (the "CO") or a listing prospectus within the meaning of article 27 et seq. of the listing rules of SIX Exchange Regulation of November 8, 2019, in effect since January 1, 2020 (the "Listing Rules") or of the listing rules of any other stock exchange or regulated trading venue in Switzerland, in each case in conjunction with article 109 of the Swiss Financial Services Ordinance ("FinSO"). In connection with the rights offering mentioned herein, the Company intends to prepare an issuance and listing prospectus pursuant to article 652a of the CO and article 27 et seq. of the Listing Rules, in each case in conjunction with article 109 of the FinSO. Investors are advised to consult their bank or financial adviser before making any investment decision. 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 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. The securities of Meyer Burger Technology AG to which these materials relate have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in or into the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. This document is only addressed to and directed at persons in member states of the European Economic Area ("EEA") who are qualified investors within the meaning of article 2(1)(e) of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of the European Union of 14 June 2017 ("Qualified Investors"). In addition, in the United Kingdom, this document is addressed to and directed only at, and should only be relied upon by, persons who are qualified investors as defined under section 86(7) of the Financial Services and Markets Act 2000 and who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), are persons who are high net worth entities falling within Article 49(2)(a) to (d) of the Order or are persons to whom it may otherwise be lawful to communicate it to (all such persons being referred to as "Relevant Persons"). No other person should act or rely on this document and persons distributing this document must satisfy themselves that it is lawful. If you have received this document and you are not a Relevant Person, you must return this document immediately to the Company and not copy, reproduce or otherwise disclose it (in whole or any part). Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document may contain certain forward-looking statements relating to the Company and its business. Such statements involve certain risks, uncertainties and other factors which could cause the actual results, financial condition, performance or achievements of the Company to be materially different from those expressed or implied by such statements. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. The Company disclaims any obligation to update any such forward-looking statements. There will not be a public offering of securities in the United States, the United Kingdom or in any other jurisdiction other than Switzerland. 2 Meyer Burger#3CORNERSTONES OF THE NEW STRATEGY Growing global solar energy market Superior and proprietary technology . MEYER BURGER The high-margin residential and commercial rooftop segment, which Meyer Burger is focusing on, is growing at an above- average rate of +8% per year in the target markets until 2027 Meyer Burger Heterojunction/SmartWire has a 3-year technology advantage over standard technology, which is confirmed by the Fraunhofer Institute Captive business model • The full value of Meyer Burger's technology advantage can be captured as the Heterojunction/SmartWire technology is not supplied to third parties anymore High, sustained profit levels can be achieved on the basis of a superior technology and the captive business model 3 Meyer Burger#4MEYER BURGER IS A TECHNOLOGY LEADER AND HAS SHAPED THE SOLAR INDUSTRY FOR YEARS . Meyer Burger... is the backbone of the PV industry and has been the industrialization partner for over 20 years of the world's leading PV companies when launching new technologies has equipped the leading manufacturers of solar modules with production equipment has so far delivered 350 production machines for the current standard, PERC, 1 for a total capacity of 55 GW, i.e., more than 50% of total global PERC production capacity Major milestones since 1953 1953 Foundation: production of machines for the watch industry 2008 Start Heterojunction development at Meyer Burger 2012 Market launch of PERC technology (today's standard) 2013 Start of the development of SmartWire (SWCT®) MEYER BURGER 2016 Launch of diamond wire saw DW288 Series 3 2018 Major contract for HJT/SWCT® equipment 2019 Proof of an industrial HJT/SWCT® production line. Presentation of a 510W bifacial module at Intersolar Munich 4 O Meyer Burger 1) "Passivated Emitter and Rear Cell"#5MEYER BURGER IS AGAIN DRIVING THE NEXT PV TECHNOLOGY GENERATION Meyer Burger's technology is far superior to PERC • Module-performance I Today Meyer Burger Heterojunction (MB HJT)1 Conventional technology (PERC)² 1) Including module SmartWire-Technology (SWCT®); 2) "Passivated Emitter and Rear Cell" MEYER BURGER . • • Fraunhofer ISE has confirmed in study: "Meyer Burger has a lead of 3 years in terms of module efficiency (i.e., cell efficiency and module losses) over manufacturers that produce classic solar modules" PERC is at the end of the technology life cycle, reaching limits performance improvement and thus cost reduction TOP Con is not yet ready for mass production and faces integration and cost problems Other HJT manufacturers are currently neither competitive with MB HJT and PERC nor market-ready 5 Meyer Burger#6KNOW-HOW AND MANUFACTURING EXPERTISE FOR CELL AND MODULE PRODUCTION ARE AVAILABLE MEYER BURGER MEYER BURGER Ideal timing for Meyer Burger to enter cell and module manufacturing, employing its superior MB HJT technology, because: 1. Heterojunction/SmartWire (SWCT®) technology is more efficient than both the current standard mono- PERC and other heterojunction technologies currently available 2. The current solution has been developed in Switzerland (Neuchâtel) since 2008 and has been brought to market maturity in the in-house pilot industrial plant in Germany (Hohenstein/Saxony) since 2016 3. With the successful installation of a 600 MW production line by Meyer Burger for a customer, the proof-of-concept in mass production is already provided 6 Meyer Burger#7INTEGRATED VALUE CHAIN: CAPTURE >15X MORE VALUE WITH CELL AND MODULE PRODUCTION MEYER BURGER HELL Equipment manufacturing Cell manufacturing Module manufacturing By forward-integrating along value chain, Meyer Burger can increase the value captured from its proprietary, leading technology >15x Solar modules: Achievable aggregate EBITDA on this equipment over a utilization period of 7 years1 HJT equipment: EBITDA for supply of 1 GW equipment EBITDA for a supply of 1 GW equipment (left) vs. production of 1 GW modules over 7 years (right) 1) 7-year utilization period and 9% discount factor 7 Meyer Burger#8THE CAPTIVE BUSINESS MODEL PROTECTS KNOW- HOW, TECHNOLOGY AND PROFITABILITY LONG-TERM MEYER BURGER MEYER BURGER डू New with own cell and module production Captive: no equipment to third parties . Technology and know-how remain exclusively with Meyer Burger (except Oxford PV and strategic R&D partners) Total value capture remains in the company. Further improvement on equipment will not be shared with third parties • The worldwide standard PV equipment and service business will be continued • Sale of cells to third-party module. manufacturers used in the first years to a) facilitate ramping in module sales and b) obtain economies of scale and purchasing power Modules Cells ୧ End markets Third-party module manufacturers Third parties E.g., wholesalers, large installers, IPPS, project developers Note: Without SWCT®, to keep efficiency advantage for Meyer Burger 8 Meyer Burger#9ENTRY INTO PV CELL AND MODULE PRODUCTION WITH CLEAR CAPACITY EXPANSION GOALS Cell and module production in Germany Production capacity [GW] 2021 - 2027 Module Cell 7.0 6.4 4.2 3.6 1.4 0.8 0.4 0.4 2021E 2023E 2025E 2027E Phase 1 2 3 Meyer Burger's goals: • • • • MEYER BURGER Become a European champion and global player for the production of high- efficiency cells and modules using Swiss technology, "Made in Germany" Sustainable superior R&D unit to further expand technological leadership Start with 400 MW to reach profit zone, then add 400 MW module plus 1 GW cells in next step Achieve an annual module production capacity of 5 GW by 2026 Support the EU Green Deal plan by establishing local PV production 9 Meyer Burger#10MODULE PERFORMANCE ENABLES LOWER LCOE FOR UTILITY CUSTOMERS AND PRICE PREMIUM FOR MB Utility segment - total system cost, example 100 MWp U.S. [EUR m] Benchmark system (PERC module) 0.31 Meyer Burger HJT/SWCT® system +0.08 EUR/Wp module ASP premium for Meyer Burger1 . 0.39 MEYER BURGER 81 75 2 10 39 Module 31 31 Components (BOS) 44 System cost 42 Benchmark Value pool Customer System cost share Meyer Burger provides considerable end-customer benefit, reducing LCOE through: 1. Higher efficiency, reducing BOS cost 2. Better high-temperature energy yield 3. Lower lifetime degradation 4. Better bifaciality (yield on backside) 5. Better angular response Performance pricing enabled by BOS lever and higher energy yield to achieve same LCOE Around 20-25% of value pool to be ceded to end customer to incentivize purchase Simplified for illustration purposes, BOS: Balance-of-System 10 O Meyer Burger#11RESIDENTIAL CUSTOMERS PAY LARGE PRICE PREMIUM FOR HIGHER PERFORMANCE AND QUALITY Residential rooftop segment - total system cost, example 8 kWp Germany [EUR] Benchmark system (PERC module) 0.27 Meyer Burger HJT/SWCT system +0.19 EUR/Wp module ASP premium for Meyer Burger 0.46 . MEYER BURGER 12,640 10,800 765 Module 3'050 1'375 5'190 3'050 Components 7'750 (BOS) 7,450 System cost Benchmark Performance Additional System cost premium premium Simplified for illustration purposes, BOS: Balance-of-System . • End customer benefits from BOS savings due to higher efficiency, as well as higher energy yield, both lowering levelized cost of energy (LCOE) Performance pricing enabled by BOS lever and higher energy yield to achieve same LCOE On top of performance premium, customers in premium segment are willing to pay additional premium for higher quality, esthetics and "Made in Germany" / "Swiss technology" Reference for additional premium are premium competitors LG, REC, SunPower 11 O Meyer Burger#12MEYER BURGER CAN OBTAIN UNIQUE MARKET POSITIONING, ENABLING HIGH MARGINS MEYER BURGER LOW AVERAGE SALES PRICE HIGH Market positioning and key competitors IBC SUNPOWER® LG Standard HJT Panasonic HIT Phim nhat Wa HJT / SWCT® MEYER BURGER REC Medium margin Medium margin High margin PERC Very low margin HIGH Hanura rom • Technology advantage enables unique market positioning and high margins. Captive model protects this advantage long-term Meyer Burger as the first player to be competitive in all market segments (rooftop and utility-scale) Competitors in premium segment like SunPower, LG and Panasonic have higher manufacturing costs PERC manufacturers cannot offer modules in the premium segment LONGİ JA SOLAR QCELLS Solar Jinko CanadianSolar Low margin MANUFACTURING COST LOW 12 O Meyer Burger#13MEYER BURGER CAN OBTAIN UNIQUE MARKET POSITIONING, ENABLING HIGH MARGINS MEYER BURGER Average selling price / manufacturing costs 1,2 Standard segment European module competitors³ Standard HJT competitors Uncompetitive product offering H Asian PERC competitors High-efficiency segment IBC competitors I Meyer Burger HJT/SWCTⓇ The captive business model prevents competitors' access to HJT/SWCT®, so that Meyer Burger can maintain margins long-term PERC: low-margin commodity business with exhausted cost reduction potential High-efficiency competition: very high prices due to positioning as a premium product in the residential market - but with significantly higher production costs Margin Average selling price Module efficiency2 [%] Average manufacturing costs Source: Company datasheets, Solarmedia (Q4 2019), PV Info Link, analyst reports, expert interviews; 1) Average sales price: reference prices from publicly available sources for “black-black" modules; production costs: COGS, incl. D&A; 2) average of several manufacturers for different categories; 3) module production with purchased Asian cells of medium performance class 13 O Meyer Burger#14VALUE-ORIENTED SEGMENT STRATEGY IN SELECTED MARKETS Meyer Burger will focus its PV cell and module sales activities on the following segments and markets: Segments 1 Rooftop (residential and small commercial) 2 Utility-scale¹ Targeted segments: . • Rooftop (premium segment): Customers value Meyer Burger technology for its high performance, quality and aesthetics Utility-scale: Advantages of Meyer Burger technology are recognized in this very price sensitive segment, because they enable lower electricity generation costs (LCOE) compared to standard technology2 Focus markets MEYER BURGER Focus markets: Europe, U.S., Australia, Japan Decent market size • Price premium is achievable and accepted by market participants 1) May include large commercial segment to the extent that price differentiation is possible; 2) Solar leasing companies also primarily driven by LCOE considerations for residential and small commercial 14 O Meyer Burger#15MEYER BURGER PURSUES VALUE-ORIENTED SEGMENT STRATEGY TO GAIN MARKET SHARE Annual PV market size in target markets1 [GWp] 62 Average annual growth rate 59 • 56 52 49 50 8% 45 Rooftop 2021 2022 2023 2024 2025 2026 2027 Market share in target markets [%] MEYER BURGER 5% Utility-scale Rooftop: Meyer Burger focuses on the high- margin premium segment Utility-scale: Market share will be gradually increased as soon as first pilot projects have proven the "bankability" and the higher energy yield per area in practice As part of the preparations for the business model transformation, Meyer Burger has already sounded the product interest of potential European and U.S. customers and has received written letters of intent (LOIs) to purchase a total of over 2 GW cells and modules per year 18% 16% 13% 8% 5% 6% 1% 2% 4% 2% 0% Residential Utility-scale 2021 2022 2023 2024 2025 2026 2027 Source: IHS Markit, IEA, Solar Power Europe, JPEA, SEIA, AU CER 1) Europe, U.S., Australia, Japan 15 O Meyer Burger#16FAST PRODUCTION AND SALES RAMP-UP POSSIBLE DUE TO AVAILABLE INFRASTRUCTURE AND PERSONNEL New production site for solar cells - Bitterfeld-Wolfen (Saxony-Anhalt) MEYER BURGER 16 O Meyer Burger#17FAST PRODUCTION AND SALES RAMP-UP POSSIBLE DUE TO AVAILABLE INFRASTRUCTURE AND PERSONNEL New production site for SmartWire modules - Freiberg (Saxony) MEYER BURGER ER BURGER SOLARWORLD MEYER BURGER EYER BURGER JUNGHEINRICH 17 O Meyer Burger#18TECHNOLOGY ROADMAP SECURES TOP POSITION AND FURTHER IMPROVEMENT POTENTIAL Avg. module efficiency [%] MEYER BURGER • Fraunhofer ISE MEYER BURGER ROADMAP CONFIRMED BY FRAUNHOFER Current business plan is based on Meyer Burger's superior "Phase I" HJT technology, 1 which is proven and protected by various. patents Verified module efficiency roadmap suggests further improvements that further extend the lead over HJT competitors and mainstream PERC manufacturers With its stake in Oxford PV and the related perovskite technology, Meyer Burger is already investing in future technologies with further potential for performance improvements 30 Technology level 1 29 28 27 26 25 IBC SWCT II + HC • Technology level 2 Technology level 3 29.1% 28.3% 27.8% + SWCT III+PSK HC 24.5% 24 23.0% SWCT 23 + 22.4% 22 21.6% 21.0% 21.1% 21 HJT competitors Shingled 19.8% 21.0% 20 Mainstream PERC 19 19.2% 18 2019 2020 2021 2022 2023 2024 2025 Note: 2020 values based on average module efficiencies based on datasheets; year-on-year increase based on CPIA; 1) In business plan, no technology improvements beyond continuous improvement program (CIP) benefits assumed Source: Meyer Burger, CPIA 18 O Meyer Burger#19PROPRIETARY BUSINESS MODEL WITH REDUCED RISKS MEYER BURGER 1 Attractive returns Value-driven segment strategy Only selected segments and markets in which price premiums are possible are served 2 Sustainable margins With captive business model, know-how as well as cell and module technology remain within Meyer Burger 3 Upside potential Thanks to the innovation potential of the R&D roadmap, Meyer Burger expects to be highly profitable in the long- term Derisked investment 4 Proven technology Meyer Burger has successfully proven the mass- production readiness of its Heterojunction/SmartWire technology and acceptance in the market 5 Existing sites, capabilities and brand Availability of existing PV infrastructure and capabilities in Germany allow for a fast go-to-market approach with the envisaged production capacities 6 Long-term secured investment Further broadening of innovation potential is provided by Meyer Burger's investment in IBC share in Oxford PV and the cooperation on perovskite technology 19 O Meyer Burger#20Progress IMPLEMENTATION WELL UNDERWAY: MARKET LAUNCH IN Q2/2021 MEYER BURGER Successful capital increase 22. July 2020 New production sites - Site in Freiberg purchase (3. August 2020) - Site in Bitterfeld rented (1. September 2020) Application for public funding (Granted up to €22.5 Mio. Dec '20) Installation of production equipment Module certification Set-up Supply Chain management Build-up sales organization Q3/2020 Q2/2021 Market launch Q2/2021 Time 20 O Meyer Burger#21FINANCIAL OUTLOOK MEYER BURGER TARGETS WITHIN 3 YEARS › Expected Revenue: › Expected Gross Profit Margin: › Expected EBITDA Margin: › Expected Net Debt/EBITDA CHF 400m CHF 450m 45% -50% 25% - 30% 0.25x -0.5x › Expected revenues with annual capacity of 1.4 GW of cell and 0.8 GW of module production by raising a total of around CHF 180 million of debt in 2021/22 › CAPEX (for equal cell and module capacity, in aggregate): Equipment sourced from Meyer Burger EUR 70-90m/GW for initial investment; reducing to EUR 55-65m/GW from 2023 on (figures at arm's length pricing, including margin for Meyer Burger) Third-party equipment EUR 45-55m/GW Building and facility EUR 70-90m/GW; for the first factory build phase of 0.8 GW module and 1.4 GW cell capacity, savings of EUR 22-28m can be expected due to existing buildings Ratio of CAPEX for cell to module capacity c. 80% : 20% LONG-TERM GOALS Assumptions: > In addition, a further CHF 260m - 340m of financing can be raised to implement phase II of our new business plan - additional 1.4 GW installed cell and module capacity - in the base case, the required financing for phase II is to be raised in 2023, but potentially to be accelerated depending on developments over the next 18 months Long-term goals (> 5 years horizon) - Meyer Burger Group Consolidated Financials > Revenue: > EBITDA Margin: > Ratio Net Debt / EBITDA: > CHF 2.0bn > 30% net cash 21 O Meyer Burger#22HIGHLIGHTS OF THE NEW MEYER BURGER MEYER BURGER 1. Heterojunction/SmartWire technology is superior to the current standard, mono-PERC, as well as other currently available heterojunction technologies in terms of efficiency and energy yield. 2. Captive business model enables capturing full value from Meyer Burger's technological leadership and protects know-how 3. Premium products at relatively low manufacturing costs enable a unique positioning in the PV industry and sustained profitability of Meyer Burger 4. With the successful production ramp-up of the technology by a customer, the proof-of-concept in mass production has already been provided 5. Existing infrastructure and available skilled personnel should enable production and sales start in Q2/2021 6. The "Green Deal" and the European climate targets provide a tailwind for the re-establishment of the solar industry in Europe 22 O Meyer Burger#23MEYER BURGER