#1Half-year 2022 Presentation for Investors, Analysts, Media August 18, 2022 ☑ MEYER BURGER#2Agenda 1 Financial Statements and Business Review H1 2022 Gunter Erfurt, CEO 2 Sales and Marketing Update Moritz Borgmann, CCO 3 Outlook Gunter Erfurt, CEO MEYER BURGER 2#3☑X MEYER BURGER Financial statements and business review H1 2022 3#4Production continuously running, supply chains being further de-risked Modules produced [MWp] 30 2021 FY MEYER BURGER 108 2022 H1 149 Ongoing production and parallel capacity expansion on track . • • • Taking into account inventory effects, 87 MW sold in H1 The current line operation concept, sequential production campaigns for three products and commissioning of equipment are factors currently limiting the overall throughput Additional production lines (as part of the ongoing 1.4 GW expansion) are expected to eliminate bottlenecks and improve operational performance Supply chain risks are being actively managed in order to maintain continuous production and enable timely ramp-up Meyer Burger continues to de-risk its supply chain (e.g., first European wafer supply contract signed) 2022 YTD (as of Aug. 15) Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 4#5Key figures P&L H1 2022 Net sales [CHF m] 18 -3 42 57 57 EBITDA [CHF m] EBIT [CHF m] Net result [CHF m] -31 -24 -33 -34 -37 -41 Net sales Sales H1 2021 decline Sales increase Net sales H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 legacy module business business MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 5#6Key metrics H1 2022 FTES 895 231 789 114 -8 move legacy module business business MEYER BURGER Cash & cash equivalents [CHF m] PP&E in % of total assets 167 25.2% CHF 124.3m CHF 181.6m Equity in % of total liabilities and equity 35.5% 53.0% CHF 261.4m EOY 2021 Decline/ Increase/ H1 2022 EOY 2021 H12022 EOY 2021 H1 2022 ΕΟΥ 2021 H1 2022 move Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 6 CHF 220.0m 43.1%#7Investments for expansion to full 1.4 GW capacity ongoing Investments made up to H1 2022 and expected needs to achieve 1.4 GW production capacity [CHF m] 18 116 70 134 131 336 Initial Investments investments PP&E and Investments module module intangible business up subsidies in business assets before to EOY 2021 H1 2022 2020 subsidies Investments PP&E before Expected investments in PP&E up to completion Expected investments module business to completion ☑ MEYER BURGER • • Further milestones achieved in H1 2022 The ramp-up of the first line of 0.4 GW nominal annual cell and module production capacity is technically complete Investments are made in both equipment produced by Meyer Burger (captive business model) as well as third-party equipment The ramp-up of the remaining capacity of the announced 1.4 GW is expected to start in September 2022, resulting in an expected production volume of 1.0-1.2 GW in 2023 (previously 1.35 GW) Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 7#8Financial liabilities at end of H1 2022 consist of green bond and syndicated loan facility Interest-bearing financial liabilities as of 30 June 2022 [CHF m] 181 -2 53 53 232 Financial liabilities EOY 2021 Convertible green bond Syndicated loan facility Financial liabilities H1 2022 . Two sources of third-party financial liabilities • Total convertible green bond funding amounted to EUR 145 million gross, of which EUR 25 million were allocated to the capital reserves, representing the corresponding equity share. The movements reflect the impact of accrued and paid interest and the calculated discount factor Of the total syndicated loan facility, an initial drawdown of EUR 60 million (gross) was effected in 2021. In 2022 further drawdown of EUR 55 million were made to fund Meyer Burger's investment needs. First repayments will be due in the second half of 2022 In addition, the factoring facility is being used MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 8#9Cash bridge [CHF m] 246 -15 231 -24 -19 186 167 19 -5 -71 56 Cash ΕΟΥ Restricted Cash ΕΟΥ EBITDA 2021 incl. cash 2021 Change in net working CAPEX restricted cash capital Increase financial liabilities (net) FX/other Cash H1 2022 Restricted cash Cash H1 2022 incl. restricted cash MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 9#10Meyer Burger share (MBTN) continues to outperform RENIXX renewable energy index MBTN share price since first announcement of business model change [CHF] vs. RENIXX (rel.) 0.60 0.50 0.40 0.30 0.20 0.10 0.00 RENIXX MBTN 04/20 07/20 10/20 01/21 04/21 07/21 10/21 01/22 04/22 07/22 ISIN: Outstanding shares: Market capitalization: ☑ MEYER BURGER CH0108503795 2,670,491,011 (as of July 5, 2021) approx. CHF 1.5b (as of August 17, 2022) Solar modules designed in Switzerland and manufactured in Germany Currently the only Western, technologically autonomous, scalable solar company in the dominant silicon-based segment of the PV industry. Innovation leader with proprietary heterojunction and SmartWire Connection technology. Technology that provides up to 20% more energy yield per area. Value-oriented segment strategy, initially focusing on premium residential rooftop segment and subsequently C&I and utility segment. Clear and IP-secured technology roadmap with next-generation products (e.g. IBC, utility-scale products, solar roof tiles, tandem cells). Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 10#112 Sales & marketing update MEYER BURGER Source: Sodekamp GmbH 11 FLORISTIK#12Global energy crisis drives further growth in renewable energies, especially in the solar sector Expected global solar market size by region [GW] Solar energy propelled by energy crisis, but global supply chains need to become more resilient 450 • Solar demand has shown to be robust despite significant uptick in cost of all system components, including modules, as well as supply chain disruptions 400 350 300 Cost increase is driven by high materials prices. Polysilicon as key driver remains around ten-year high 250 +13.2% CAGR . War in Ukraine, gas shortage and high energy prices are even further fueling demand for solar 200 150 Almost exclusive regional concentration of PV supply chain in Asia and the resulting high degree of dependency is becoming a concern for many customers 100 50 0 MEYER BURGER +16.5% CAGR Europe Asia Pacific 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Source: Apricum - The Cleantech Advisory, Q1 2022, center scenario North America MENAT Sub-Saharan Africa Central & South America Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 12#13Benchmark agreement enables next growth step • • Binding long-term offtake of 3.75-5 GW with DESRI marks a strategic milestone Facts and figures on offtake DESRÍ Customer: D. E. Shaw Renewable Investments (member of D. E. Shaw group, USD 60b investments and committed capital) Volume: 3.75 GW of utility modules with right of first refusal for DESRI to increase to 5 GW • • • • Term: Supply between 2024 and 2029, extension of term and volume possible Down payments: Substantial recurring annual down payments ☑ MEYER BURGER . • • Meyer Burger can commence the rapid expansion of its U.S. manufacturing on this new basis, expected to reach ~3 GW of global nominal production capacity (Germany and U.S.) by around mid-2024 (contingent upon completing financing) Facilitates bankability for utility product Resulting segment split with about two thirds residential optimizes overall margin Annual down payments as well as long-term visibility enable Meyer Burger to establish and expand more secure and even more sustainable supply chains and to optimize costs Negotiations with further strategic offtake partners in the U.S. and Europe on the back of this benchmark offtake agreement are ongoing Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 13#14Advanced manufacturing tax credit in U.S. • Provides for USD 7 ct/W OPEX support • • On August 16, 2022, President Joe Biden signed the Inflation Reduction Act into law The legislation contains landmark provisions designed to support domestic U.S. manufacturing of clean energy components It provides for continuous OPEX support through a federal tax credit In particular, for the production of solar modules, the tax credit amounts to USD 7 ct multiplied by the nominal power of the module This credit is phased out starting in 2029, scheduled to end in 2032. It is expected to be available for direct pay for the first five years under broad conditions, and the credits are transferable ☑ MEYER BURGER UNUM OF THE OF THE THE UN E PL Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 14#15In allocation mode through Q2/23, ready to scale sales operations to 1.4 GW annual production USA MB sales team Local team present In preparation No MB sales team • • In allocation mode: demand by far exceeds supply. Are no longer taking proactive orders, instead allocating volumes to existing customers. Currently allocating Q2/2023 Premium pricing: consistently achieving premium prices, passing through materials cost increases. Focus on residential: due to high demand, focusing on highest-value residential segment U.S. shipments: started supplying the U.S. market in Q2. Very high-price environment, provides FX hedge against materials sourced in USD Ready to scale: sales team well established, ready to scale to 1.4 GW annual output through distribution channels in European and U.S. markets MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 15#163 Outlook MEYER BURGER 16#17Unique opportunity to accelerate growth based on a utility offtake agreement and strong residential business Expected available nameplate capacity, volume produced [GW] 3.01 Nameplate EOY Produced (Expected) 1.0 0.32-0.37 1.4 1.0-1.2 Approximately 3 GW nameplate by EOY 2024 with 1/3 utility and 2/3 residential split . • • 1.4 GW cumulative capacity at the Thalheim (cell) and Freiberg (module) sites currently being prepared, with 400 MW operational and remainder planned to come online stepwise in 2022 and 2023 Immediate continuation of expansion to approximately 3 GW planned at Thalheim and Goodyear (AZ) sites (1 GW utility, 0.5 GW rooftop), expected to come online in 2024, subject to financing Contemplating potential capital increase of approximately CHF 250 million to be launched in the next months for purposes, inter alia, of financing the planned accelerated capacity expansion 2022E 1) Approximate capacity MEYER BURGER 2023E 2024E Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 17#18☑ MEYER BURGER Ready to shine.#19Consolidated balance sheet in CHF T Assets Current assets 30.6.2022 31.12.2021 Movement in CHF T Liabilities Current liabilities 30.6.2022 31.12.2021 Movement Cash and cash equivalents 167 073 Trade receivables and 20 284 231 391 16 274 -64 318 Financial liabilities 23 202 34 23 168 4 010 net receivables from production contracts Trade payables and net liabilities from production contracts 30 222 24 060 6162 Other current receivables and prepaid expenses 48 565 45 813 2752 Customer prepayments 3 356 3 813 -457 Inventories 60 966 Total current assets 296 888 41 190 334 668 19 776 Other liabilities and accrued expenses 17 505 15 680 1825 -37 780 Provisions 3 552 2.554 998 Non-current assets Financial assets Property, plant and equipment Intangible assets Total current liabilities Non-current liabilities Financial liabilities Other liabilities 77 837 46 141 31 696 Deferred tax assets Total non-current assets Total assets 26 244 181 560 27 501 124 271 -1 257 57 289 209 199 181 155 28 044 5 770 264 213 838 510 726 6082 200 158 054 492 722 -312 411 567 -156 64 Provisions 1110 1159 -49 55 784 18 004 Deferred tax liabilities 2 181 2 270 -89 Total non-current liabilities 212 901 185 151 27 750 Total liabilities 290 738 231 292 59 446 Equity Cash and cash equivalents Cash and cash equivalents were positively impacted by the draw of the second tranche of the credit facility in the amount of EUR 55.0 million. Trade working capital Increase in trade receivables, inventories and trade payables in line with the ramp-up of the two new facilities in Thalheim, Germany and Freiberg, Germany and related module sales. Inventory increase results from additional build-up due to challenging supply chain situation. Property, plant and equipment Investments of CHF 70 million, net of subsidies, were made in H1 2022 in the new facilities. Financial assets Financial assets mainly refer to the investment in Oxford PV. MEYER BURGER Total equity Total liabilities and equity 219 988 510 726 261 430 492 722 -41442 18 004 Financial liabilities Financial liabilities increased by an additional tranche of the credit facility of EUR 55.0 million. With this, the credit facility line has been fully drawn. Current financial liabilities mainly include the portion of the credit facility that has to be repaid within the next 12 months, amounting to EUR 23.0 million. Provisions Current and non-current provisions increased from CHF 3.7 million to CHF 4.7 million, mainly due to provisions for expected warranties of CHF 3.3 million per H1 2022. Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 19#20Consolidated income statement in CHF T 1.1.-30.6. 1.1.-30.6. 2022 2021 Movement Net sales Net sales mainly increased due to the ramp up of Meyer Burger's module production and related sales, which made up CHF 42.2 million of total income. The close out of old projects contributed a total of CHF 4.8 million revenues. Cost of product and work in progress increased as a result of higher sales volumes. These costs are partially offset for externally sourced goods used in the manufacturing of own machines in the line capitalized goods and services. Operations Personnel expenses increased based on the ramp-up of the two new production sites. The decrease in operating expenses reflects the success of the strict cost management and restructuring measures of the previous years weighted against the additional costs for the ramp-up. Depreciation, amortization & impairment The strong increase of depreciation, amortization & impairment is based on the increase in property, plant and equipment due to the expansion of the production facilities. Financial result The net financial result of CHF -8.4 million is primarily driven by interest on the convertible bond of CHF 4.9 million, interest on the credit facility of CHF 1.0 million, negative foreign exchange effects of CHF 1.8 million, the positive result on derivative financial assets of CH 1.2 million and other financial expenses s of CHF 1.8 million, which mainly included guarantee premiums for the credit facility. Net sales 56 700 Other operating income 1506 Currency translation effects trade -408 Total income 57 798 17 966 1508 383 19 857 38'734 -2 Changes in inventories 3 815 -9 390 Cost of products and work in process -57 530 -16 770 -791 37 941 13 205 -40 760 Cost of products Capitalized goods and services 21 316 20 534 Operating income after costs of products and 25 399 14 231 782 11 168 services Personnel expenses -33 176 Operating expenses -16 657 Earnings before interests, taxes, depreciation and -24 434 -27 686 -17 461 -30 916 -5 490 804 6 482 amortization (EBITDA) Depreciation and impairment on property, plant and equipment -7 761 -2093 -5668 Amortization and impairment on intangible assets and goodwill -479 -1104 625 Earnings before interests and taxes (EBIT) -32 674 -34 113 Financial result -8 377 Result from investment in associates Ordinary result Non-operating result -41 051 37 1313 -2 192 -34 992 53 1439 -9690 2 192 -6.059 -16 Earnings before income taxes -41 014 Income taxes 5 -34 939 -2 289 -6 075 2 294 Result -41 009 -37 228 -3 781 MEYER BURGER Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 20#21Consolidated cash flow statement in CHF T Result Non-cash effective adjustments Decrease/increase) of net working capital Cash flow from operating activities Investments in property, plant and equipment Investment subsidies received Sale of property, plant and equipment Sale of investment property Investments in intangible assets Decrease of deposits with limited availability Increase of bank deposits with limited availability Cash flow from investment activities Borrowing of (current) financial liabilities Repayment of (current) financial liabilities Borrowing of (non-current) financial liabilities Borrowing cost of financial liabilities 1.1.-30.6. 2022 1.1.-30.6. 2021 Movement -41 009 14 291 -37 228 7 779 -19 236 -45 954 4 241 -25 208 -3 781 6 512 -24 525 -21794 -70 417 -52 484 1490 470 1174 555 1698 -17 933 1490 -85 -524 -382 -1164 782 864 8 603 -7 739 -4806 -3 191 -1615 -71 607 -45 983 -25 624 0 265 265 -123 123 55 318 55 318 55 583 -3 117 -13 -3253 3117 13 58 836 Costs of increase in share capital Cash flow from financing activities Change in cash and cash equivalents -61 978 Cash and cash equivalents at beginning of period CTA on cash and cash equivalents 231 391 -74 444 139 739 11 418 -2 340 1209 Cash and cash equivalents end of the period 167 073 66 504 MEYER BURGER Cash and cash equivalents at end of period As a net result of negative cash flows from operating activities and investment activities and a positive cash flow from financing activities, the total cash balance decreased by CHF 65.3 million compared to December 31, 2021, thereof CHF-2.3 million due to currency translation adjustments on cash balances. Cash flow from operating activities Cash flow from operating activities is negatively impacted by the loss incurred in the first half year 2022 and the increase of working capital, which was mainly caused by the rise of inventories as reaction to challenging supply chains. Non-cash effective adjustments relate to diverse effects such as the correction for depreciation, amortization and impairment. Cash flow from investment activities Cash flow from investment activities was negative due to large-scale investments necessary production ramp-up in Bitterfeld-Thalheim and Freiberg. Cash flow from financing activities for the An additional tranche of the credit facility of EUR 55.0 million was drawn in the first half year of 2022 and was the main reason for the positive cash flow from financing activities. Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 21#22Personnel and operating expenses Personnel expenses [CHF m] 33 28 11 -5 H1 2021 Decline legacy Increase module H1 2022 Personnel expenses Increase in personnel expenses reflect the business transformation and are driven by a step-up in personnel expenses in the module business, partially offset by the decline of costs from the legacy business. business Operating expenses [CHF m] 17 business -11 10 17 H1 2021 Decline legacy Increase module business business H1 2022 ☑ MEYER BURGER Operating expenses Operating expenses are driven by higher operating costs in the module business, more than offset by the decline of costs in the legacy business. Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 22#23Trade net working capital and PP&E development Trade net working capital [CHF m] 33 20 51 Trade net working capital Trade working capital increased based on increase in inventories and trade receivables, offset by a decrease in trade payables Trade net working capital inventories Increase EOY 2021 Increase in trade receivables and net receivables from constr. contracts Increase in trade payables and net payables from constr. contracts Trade net working capital H1 2022 Property, plant and equipment (PP&E) [CHF m] 124 69 1 -8 182 -5 Property, plant and equipment (PP&E) EOY 2021 Investments Other Depreciation Other/FX H1 2022 module investments & Impairment business (net of subsidies) MEYER BURGER Increase in PP&E reflects investments made in the module business equipment in line with the business transformation. Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 23