Company Presentation June Silicon & Wafer Solar cell & Module Thin film module Semiconductor

Transcription

1 Company Presentation June 2009 Silicon & Wafer Solar cell & Module Thin film module Semiconductor

2 centrotherm presence worldwide centrotherm photovoltaics AG Blaubeuren, Germany FHR Anlagenbau GmbH Ottendorf-Okrilla, Germany centrotherm Sitec GmbH Blaubeuren/Burghausen, Germany GP Solar GmbH Constance, Germany centrotherm thermal solutions GmbH & Co.KG Blaubeuren, Berlin, Dresden, Frankfurt (Oder), Hanover, Germany, France, Asia, USA centrotherm photovoltaics Italia S.r.I Treviso centrotherm photovoltaics Asia Pte. Ltd. Taiwan, Singapore Michael Glatt Maschinenbau GmbH Abensberg, Germany centrotherm photovoltaics USA Inc. Beverly, Massachusetts centrotherm photovoltaics Trading (Shanghai) Co. Ltd. Shanghai centrotherm photovoltaics technology GmbH Constance, Germany centrotherm photovoltaics AG Company Presentation File: ctpv_0906.pot 2

3 Presence in Germany centrotherm photovoltaics AG Johannes-Schmid-Straße Blaubeuren, Germany Phone: +49(0) Fax: +49(0) info@centrotherm.de FHR Anlagenbau GmbH, Dresden centrotherm photovoltaics Headquarters, Blaubeuren Glatt Maschinenbau GmbH, Abensberg centrotherm SiTec GmbH, Burghausen GP Solar, Konstanz GP Inspect GmbH, Martinsried 3

4 Development of centrotherm in 2008 Profitable Growth Sales: 375 m (+125,4%) EBIT*: 55,7 m (+163,8%) EBIT margin: 14,9% (2007: 12,7%) Enhancement of competitive position Record order backlog: ~ 1 billion Expansion of capacity New production plants in Dresden and Blaubeuren Head count: Established pilot line *Before purchase price allocations 4

5 Market Positioning Comprehensive Photovoltaic Technology Portfolio Value chain crystalline solar cell Thin film Silicon Ingot & Wafer Solar cell Module CIGS Turnkey lines Fab Engineering Turnkey lines Turnkey lines Turnkey lines centrotherm photovoltaics Key Equipment Consulting Key Equipment Consulting Key Equipment Consulting Fab Engineering Consulting Key Equipment Consulting Service Service Service Service Service 5

6 Company Structure Robert M. Hartung CEO Speaker of the Board Strategy Business Development Head Silicon & Wafer centrotherm photovoltaics AG Hans Autenrieth CEO Sales Strategic Alliances Head Thin Film Module Dr. Peter Fath CTO Technology Marketing Head Solar cell & Module Oliver Albrecht CFO Finances and Accounting Investor Relations and HR Silicon & Wafer Solar cell & Module Thin film module Dr. Albrecht Mozer Technology Director (Speaker) Dr. Peter Fath Interim Technology Director Dr. Dieter Schmid Technology Director Dr. Frank Stubhan Operations Director Michael Harro Liese Marketing/Sales Director Dr. Harald Wanka Operations Director Jörg Talaga Operations Director Holger Hilsenitz Finance Director centrotherm thermal solutions GmbH & Co. KG centrotherm SiTec GmbH Michael Glatt Maschinenbau GmbH centrotherm photovoltaics technology GmbH GP Solar GmbH / GP Inspect GmbH FHR Anlagenbau GmbH CTPV Asia Pte. Ltd., Singapore Sales & Service CTPV Asia Pte. Ltd., CTPV USA Inc. Taiwan Branch CTPV Italia S.r.L. 6

7 Portfolio: Major Equipment and Technology Silicon & Wafer Solar Cell & Module Thin Film Module Technology Polysilicon, Ingoting, Wafering - High energy-efficiency - Well proven process - High production capacity Architecture for new cell generation (ct proprietary) Production process improvement CIGS technology - High efficiency potential - High throughput process - No toxic gases Processes & Services Engineering for polysilicon plant includes - TCS Production - Deposition - Vent Gas Recovery - Ingoting - Wafering Ramp-up and process transfer Consulting Step 1-3 of PV value chain Turnkey production process Cell manufacturing process - Nitride - CVD - Metallization - Wet chemical Automation Facility design Production line layout Turnkey production process CIGS manufacturing process - Sputter - Annealing - Wet chemical - Automation Facility design Production line layout Equipment Competence Key equipment: CVD Reactor STC-CTS Converter Vent Gas Recovery Multi Crystalline Ingot Furnace Batch furnace Inline furnace Inspection tools Sputter equipment Selenium deposition equipm. Annealing systems Roadmap Next generation CVD Reactor Integrated fab - STC-TCS Converter - Advanced VGR - Slurry Management, Wafering 20% cell efficiency Special tools for 18%+ process Efficiency 12%+ Manufacturing costs < 1,- /WP Yield guarantee 80%+ 7

8 Portfolio: Major Equipment and Technology new! Silicon & Wafer Solar Cell 2,500 t Silicon Production Plant Equipment (Reactor & Converter, Vent Gas Recovery System) Fab Design Thin Film CIGS* Technology Facility Design Technology Equipment Turnkey & Single Equipment Equipment Module 30/50/60/120 MW Solar Cell Production Plant Sputtering Equipment Selenization Systems 30/50/100 MW CIGS- Thin Film Modules Production Line *CIGS= Copper Indium Gallium Diselenide new! 5/10/30 MW Module Production Lines 8

9 Market Development GW production volume centrotherm photovoltaics AG Market & Technology Research sunny take-off wave of start-ups start of mass production silicon shortage high margins consolidation phase industry consolidation price decline grid parity utility take-off bright future PV = established industry reduced cost grid parity consumer take-off subsidy driven consumer grid parity off-grid utility grid parity 9

10 Polysilicon Production Plant R&D: - Next generation of CVD reactor - Multi Crystalline Ingot Furnace Products & Services: - Fab design & engineering - Key equipment (CVD reactors & STC-TCS converters) - Technology Reactors & Coverters High capacity High purity Low energy Conversion of silicon tetrachloride to trichlorosilane Cost efficient process Lab CVD Reactor Quality assurance Training and process optimization Plug & play package unit Vent Gas Recovery Unit Treatment of vent gases Capacity: 2,500 t/a polysilicon Highest recovery rates 10

11 Crystalline Solar Cell Turnkey Line Leading technology in turnkey solutions Leading technology in direct plasma PECVD nitride layers Process Equipment Direct plasma nitride layer POCl 3 diffusion Highest process performance Low cost of ownership Processes: diffusion, oxidation, PECVD, LPCVD and annealing Market leadership Wafer Inspection System Quality control and sorting of raw solar wafers in terms of Geometry Mechanical stability Resistivity Thickness Carrier lifetime Leading in Efficiency: Mono-crystalline: 18+% Multi-crystalline: 16.6% Conveyer Furnaces Inspection System Yield: 96% Inline system Checking optical quality of metal print pattern Direct feedback to the operator Inline solar cell production Highest throughput Low cost of ownership Different types for: drying (type HTO), sintering (type FF) or combination (type FF-HTO) Market leadership 11

12 Crystalline Solar Module Production Line Turnkey Packages Light Line: part-automated, 5-15 MWp/a Midi Line: automated, 30 MWp/a Maxi Line: fully automated, MWp/a Support Feasibility studies & business plans Certification & training Purchase & sales Consultancy services (e.g. line optimization cell -> module production) Automated equipment (Maxi Line) Stringer Lay-up station Laminator Trimming Framing and junction-box setting Module tester Packaging 12

13 Thin Film Turnkey Line CIGS technology: - High degree of efficiency (20% in the laboratory) - Highest potential for reducing production costs ( /Wp) - No use of toxic process gases - Free choice of cover glass - No degradation - Very short cycle times Products & Services Facility design Fab design Engineering Key equipment Technology Sputter Equipment Deposition of: front contact (Zinc Oxide) metal back contact (Molybdenum) absorber film (Copper-Gallium-Indium) Selenium System Atmospheric pressure deposition Internal automated handling tools Exhaust treatment to recover excess selenium 13

14 Grid Parity Factory PV system cost 0,90 /W p BOS (Balance Of System Cost) 0,35 /W p 25% margin 0,13 /W p 10% overhead Module manufacturing target cost Canada Germany Silicon Ingot Wafer Cell Module 1,26 / W p module manufacturing cost 0,21 /Wp 0,14 /Wp 0,18 /Wp 0,28 //Wp 0,45 /Wp 0,45 2,60 /W p PV system cost Grid Parity: for roof top systems in Southern Italy at 0,30 /kwh grid electricity 1,26 /W p MG Si Plant PV Power Plant Administration Solar Academy PolySi Plant Ingot Plant Wafer Fab Solar Cell Fab Solar Module Fab Parameters Grid Parity Factory Poly Si (TCS / "Siemens"): 2500 t Multi ingot: 2273 t Multi wafer: 97,2 million wafer Cell: 93,8 million cells Module: 347 MW CAPEX ~720 Mio Example layout at one location 14

15 History of Success Since IPO in 2007 July October Successful IPO December Admission to TecDAX January Foundation of Taiwan branch April Launch of Vent Gas Recovery System - Successful reactor start - Technical center at work - Complete takeover of GP Solar November Acquisition of Michael Glatt March First silicon out March August November New locations in Italy and USA Complete takeover of SolMic October Acquisition of FHR September New optical measurement systems launched - Capital increase and integration of sister company CTTS* - Bundling of silicon expertise in newly founded centrotherm SiTec *centrotherm thermal solutions 15

16 Project Execution Schedule Example of project execution 1. Initial discussion 2. Preparation Business Plan 3. Financing conversation A 4. Draft contract 5. Signature supplier 6. Financing conversation B 7. Possibly consultation 8. Counter-signature customer 9. L/C / Downpayment 10. Acceptance for order backlog Solar Cell Thin Film Silicon 1 Year Project Start 1. Year 2. Years 3. Years Preparatory Stage 16

17 Contact centrotherm photovoltaics AG Contact: Dr. Peter Fath CTO centrotherm photovoltaics AG Johannes-Schmid-Strasse Blaubeuren Tel +49 (0) Fax +49 (0)