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Investor Presentation
 Investor Presentation
   September 2010
    September 2010
      TSX-V: CNW
       TSX-V: CNW
Forward-looking statements


This presentation contains “forward-looking statements” within the meaning of
applicable securities legislation. Forward-looking statements may include financial
and other projections, as well as statements regarding future plans, objectives or
economic performance, or the assumption underlying any of the foregoing.

Forward-looking information involves significant risks, assumptions, uncertainties
and other factors that may cause actual future results or anticipated events to differ
materially from those expressed or implied in any forward-looking statements and
accordingly, should not be read as guarantees of future performance or results.
Accordingly, investors should not place undue reliance on any such forward-looking
statements. Further, any forward-looking statement speaks only as of the date on
which such statement is made, and we undertakes no obligation to update any
forward-looking statement or statements to reflect information, events, results,
circumstances or otherwise after the date on which such statement is made or to
reflect the occurrence of unanticipated events, except as required by law, including
securities laws.

                                                                                         2
About China Wind Power International Corp.




     China Wind is uniquely
    positioned to capitalize on
  the growing demand for wind
          energy in China


                                         •3
                                         3
A tremendous opportunity for following four main reasons:


          Demand
          China



          Exclusivity
          Du Mon County



          Guaranteed
          Power Purchase Agreement



          Profitable
          12-14% IRR, and higher for future projects        •4
                                                            4
China Overview



• Rapid industrialization
• Looming energy shortage
• Facing one of the world’s biggest
  environmental crisis



                                      5
         Source: IEA
China’s commitment to wind power


 2008    2009    2010                2020
 12.0 GW 25.8 GW 40 GW               100 GW




China:
         4th 2009 2nd today 1st tomorrow      6
We make it, they take it



Guaranteed demand
• National Renewable Energy Law, effective January 2006
• Grid is obligated to purchase all output!



for China Wind
• Heilongjiang Provincial Power Grid must buy our electricity



                                                           7
Our current focus: Heilongjiang Province




                    Beijing

                                       Exclusive rights to
                        Shanghai     Wind Power Generation
                                      Du Mon County, Heilongjiang




Heilonjoang Province
Population:                        ~38 million
Annual electricity use by 2010*:   74 million MWh                   8
* forecast                                                          8
Favourable location




                        Power Grid <2km
Beijing



   Shanghai
                            Wind Speed
                            70m: 6.9-7.5 m/s


                       Well Located
                       • Flat, solid ground
                       • Easy access with roads
                         and highways
                                                  9
Our portfolio


                   546 MW over 5
                 development phases:

Beijing



   Shanghai
                      Included in power
                       grid master plan



                 Longer-term potential for
                  building out 1,150 MW

                                             10
China Wind — Phase 1



 Phase 1: 49 MW   Phase 2: 49.5 MW   Phases 3-5: 448.5 MW



     Status           Turbines        Financing Completed

   Commenced                                        26%
                     34 turbines                   equity
   commercial
                     producing
    Production                              74%
                       power
    Dec. 2009                               debt

                                      360M RMB (US$53M) of debt.
                                      Interest rate: 5.94%


67 GWh generated by end of June 2010.                         11
China Wind — Phase 2


 Phase 1: 49 MW       Phase 2: 49.5 MW         Phases 3-5: 448.5 MW



          Status         Turbines     Financing Completed


                             15                    35.15%
       Construction      installed,                equity
         half way          20 on
                                           65.85%
        completed          order
                                            bank*


                                         330 million RMB bank
                                         loan has been approved
                                         at a variable Interest rate.
                                                                        12
Turbine Overview: Phase 1 and 2


            DW1.0/56     HFDY1500/77         DT-1500
           Two-Bladed    Directly Driven    Doubly Fed



             4                               30
Phase 1
Phase 1
Phase 2




             6              10               19
Phase 2




           (Installed)                       (10 installed)

      56% of all globally installed wind power
      equipment is manufactured in China (2007)               13
Phase 2: project timeline



   Q1/09         Q3/09        Q4/09            Q3/10        Q4/10




  Construction     Equity        Turbines         Debt     Construction
  commenced      financing     installation    financing    completed
                              commenced.       approved
                             All foundations
                               completed


                                                                          14
China Wind — Phases 3 to 5


 Phase 1: 49 MW                   Phase 2: 49.5 MW      Phases 3-5: 448.5 MW



               Status                        Turbines        Financing (targeted)


                                                                            30%
  Phase 3               Phase 4 & 5                                        equity
close to get             feasibility       299 turbines
    final                 studies            planned                70%
  approval               underway                                   debt


          Phase 3 projects (198MW) will be financed using EPC Contract.

                                                                                    15
Phases 3 to 5: project timelines


   Phase 3                  Phase 4                 Phase 5
  (Sino-Denmark)
                             ~100MW                 ~150MW
    198 MW
     Q4/11                    Q4/12                  Q3/13
    Construction             Construction           Construction
     completed                completed              completed




     Q1/11                   Q1/12                   Q3/12
    Construction             Construction           Construction
    commences                commences              commences
                   Construction phase ~ 12 months               •16
                                                                16
Financial Results for Phase I


   Revenue                               Adjusted EBITDA
   (millions)                            (millions)

                  $1.2      $1.2


                                                       $0.8
                                                                  $0.6
     $0.5
                                          $0.5




   Q3/FY10      Q4/FY10   Q1/FY11       Q3/FY10       Q4/FY10   Q1/FY11



• Phase I Commercial production begun in Q4 FY2010.
• Adjusted EBITDA excludes stock-based compensation                       17
Business model: costs and revenues*


Total ~49M Project Cost                                 Total Revenue for 49MW
(including installation)
                      Phase 1 & 2   *   Phase 3   **
                                                        Electricity Production
                                                        •   Production: 110,743 MWh/yr
Turbines/towers:           US $53.6M    US $46.8M
                                                        •   Power Price: US$89/MWh
Construction:              US $13.1M    US $10.5M       •   Revenue: US$8.5M /yr
                                                        •   20 Years PPA
Interest:                   US $4.1M     US $2.9M

Other:                      US $2.2M     US $4.2M       * Based on 20 years average for the
                                                        Phase I (49MW) or II (49.5MW).
                                                        ** Based on 20 years average for
Total:                     US $73.0M    US $64.4M
                                         (~12% lower)   one 49.5 MW wind farm of the
                                                        Phase 3 (total 4 wind farms,
                                                        198MW).
                                                                                           18
Targeted project economics for Phase I & II *
(20 year average)

Installed capacity                                                              49MW
Capacity factor                                                                 26.31%
Revenue: wind power                                                         US $8.5M
Revenue: carbon credits                                                     US $1.8M
Total revenue                                                              US $10.4M
EBITDA                                                                      US $8.3M
Total profit after tax                                                      US $3.2M
Annual cash flow to equity                                                  US $3.9M


Capital cost/MW                                      Levered equity IRR
US $1.5 million                                      12-14%

                                                                                         19
                         * Based on average 49 MW project for Phase I and II.
Recent Milestones



  •   Completed construction of Phase 1
  •   Commenced commercial production
  •   Generated more than 67 GWh to date
  •   Total sales of $1.2 million for Q1 FY2011
  •   EBITDA* of $598,000 for Q1 FY2011
  •   Approval of Grid connection for Phase 3.

*Excludes stock compensation charges
                                                  20
Management and Board of Directors


       Jun Liu             Chief Executive Officer and Director
       • 20 years of experience including executive positions with subsidiary companies of
         Daqing Petroleum Administration Bureau, China National Petroleum Corp.


       Wendell Zhang                          Chief Financial Officer
       • 9 years public accounting experience with Ernst & Young China and Canada.



       Walter Huang                        Senior Vice President and Director
       • Co-founder and partner of a U.S. investment firm and many years of investment
         and financial industry experience, especially in China.



        Zhijie Song                  Chief Engineer
        • 30 years experience in the power industry and has held a variety of technical
          executive positions.
                                                                                          21
Management and Board of Directors



         Honliang Xu
         Independent Director
         • Chairman of the Board of China Fulin Wind Power Development Corp.


         Linda Dundas
         Independent director
         • Risk Management and Financial Sector Regulation Expert with Royal
           Bank of Canada。


         Joshua Gerstein
         Independent Director
         • Merchant banker with Cervello Capital


                                                                               22
Demand
China



Exclusivity
Du Mon County



Guaranteed
Power Purchase Agreement



Profitable
12-14% IRR
                           23
Walter Huang
               Walter Huang
              Senior Vice President
               Senior Vice President
          (+86) 13918002882 (China)
           (+86) 13918002882 (China)
             (+1) 847-323-7226 (US)
              (+1) 847-323-7226 (US)

        • • Walter.Huang@yahoo.com
            Walter.Huang@yahoo.com
•       www.ChinaWindPowerInternational.com
    •    www.ChinaWindPowerInternational.com
            twitter.com/ChinaWindPower
             twitter.com/ChinaWindPower

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China Wind Power Investor Presentation September 2010

  • 1. Investor Presentation Investor Presentation September 2010 September 2010 TSX-V: CNW TSX-V: CNW
  • 2. Forward-looking statements This presentation contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results. Accordingly, investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertakes no obligation to update any forward-looking statement or statements to reflect information, events, results, circumstances or otherwise after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. 2
  • 3. About China Wind Power International Corp. China Wind is uniquely positioned to capitalize on the growing demand for wind energy in China •3 3
  • 4. A tremendous opportunity for following four main reasons: Demand China Exclusivity Du Mon County Guaranteed Power Purchase Agreement Profitable 12-14% IRR, and higher for future projects •4 4
  • 5. China Overview • Rapid industrialization • Looming energy shortage • Facing one of the world’s biggest environmental crisis 5 Source: IEA
  • 6. China’s commitment to wind power 2008 2009 2010 2020 12.0 GW 25.8 GW 40 GW 100 GW China: 4th 2009 2nd today 1st tomorrow 6
  • 7. We make it, they take it Guaranteed demand • National Renewable Energy Law, effective January 2006 • Grid is obligated to purchase all output! for China Wind • Heilongjiang Provincial Power Grid must buy our electricity 7
  • 8. Our current focus: Heilongjiang Province Beijing Exclusive rights to Shanghai Wind Power Generation Du Mon County, Heilongjiang Heilonjoang Province Population: ~38 million Annual electricity use by 2010*: 74 million MWh 8 * forecast 8
  • 9. Favourable location Power Grid <2km Beijing Shanghai Wind Speed 70m: 6.9-7.5 m/s Well Located • Flat, solid ground • Easy access with roads and highways 9
  • 10. Our portfolio 546 MW over 5 development phases: Beijing Shanghai Included in power grid master plan Longer-term potential for building out 1,150 MW 10
  • 11. China Wind — Phase 1 Phase 1: 49 MW Phase 2: 49.5 MW Phases 3-5: 448.5 MW Status Turbines Financing Completed Commenced 26% 34 turbines equity commercial producing Production 74% power Dec. 2009 debt 360M RMB (US$53M) of debt. Interest rate: 5.94% 67 GWh generated by end of June 2010. 11
  • 12. China Wind — Phase 2 Phase 1: 49 MW Phase 2: 49.5 MW Phases 3-5: 448.5 MW Status Turbines Financing Completed 15 35.15% Construction installed, equity half way 20 on 65.85% completed order bank* 330 million RMB bank loan has been approved at a variable Interest rate. 12
  • 13. Turbine Overview: Phase 1 and 2 DW1.0/56 HFDY1500/77 DT-1500 Two-Bladed Directly Driven Doubly Fed 4 30 Phase 1 Phase 1 Phase 2 6 10 19 Phase 2 (Installed) (10 installed) 56% of all globally installed wind power equipment is manufactured in China (2007) 13
  • 14. Phase 2: project timeline Q1/09 Q3/09 Q4/09 Q3/10 Q4/10 Construction Equity Turbines Debt Construction commenced financing installation financing completed commenced. approved All foundations completed 14
  • 15. China Wind — Phases 3 to 5 Phase 1: 49 MW Phase 2: 49.5 MW Phases 3-5: 448.5 MW Status Turbines Financing (targeted) 30% Phase 3 Phase 4 & 5 equity close to get feasibility 299 turbines final studies planned 70% approval underway debt Phase 3 projects (198MW) will be financed using EPC Contract. 15
  • 16. Phases 3 to 5: project timelines Phase 3 Phase 4 Phase 5 (Sino-Denmark) ~100MW ~150MW 198 MW Q4/11 Q4/12 Q3/13 Construction Construction Construction completed completed completed Q1/11 Q1/12 Q3/12 Construction Construction Construction commences commences commences Construction phase ~ 12 months •16 16
  • 17. Financial Results for Phase I Revenue Adjusted EBITDA (millions) (millions) $1.2 $1.2 $0.8 $0.6 $0.5 $0.5 Q3/FY10 Q4/FY10 Q1/FY11 Q3/FY10 Q4/FY10 Q1/FY11 • Phase I Commercial production begun in Q4 FY2010. • Adjusted EBITDA excludes stock-based compensation 17
  • 18. Business model: costs and revenues* Total ~49M Project Cost Total Revenue for 49MW (including installation) Phase 1 & 2 * Phase 3 ** Electricity Production • Production: 110,743 MWh/yr Turbines/towers: US $53.6M US $46.8M • Power Price: US$89/MWh Construction: US $13.1M US $10.5M • Revenue: US$8.5M /yr • 20 Years PPA Interest: US $4.1M US $2.9M Other: US $2.2M US $4.2M * Based on 20 years average for the Phase I (49MW) or II (49.5MW). ** Based on 20 years average for Total: US $73.0M US $64.4M (~12% lower) one 49.5 MW wind farm of the Phase 3 (total 4 wind farms, 198MW). 18
  • 19. Targeted project economics for Phase I & II * (20 year average) Installed capacity 49MW Capacity factor 26.31% Revenue: wind power US $8.5M Revenue: carbon credits US $1.8M Total revenue US $10.4M EBITDA US $8.3M Total profit after tax US $3.2M Annual cash flow to equity US $3.9M Capital cost/MW Levered equity IRR US $1.5 million 12-14% 19 * Based on average 49 MW project for Phase I and II.
  • 20. Recent Milestones • Completed construction of Phase 1 • Commenced commercial production • Generated more than 67 GWh to date • Total sales of $1.2 million for Q1 FY2011 • EBITDA* of $598,000 for Q1 FY2011 • Approval of Grid connection for Phase 3. *Excludes stock compensation charges 20
  • 21. Management and Board of Directors Jun Liu Chief Executive Officer and Director • 20 years of experience including executive positions with subsidiary companies of Daqing Petroleum Administration Bureau, China National Petroleum Corp. Wendell Zhang Chief Financial Officer • 9 years public accounting experience with Ernst & Young China and Canada. Walter Huang Senior Vice President and Director • Co-founder and partner of a U.S. investment firm and many years of investment and financial industry experience, especially in China. Zhijie Song Chief Engineer • 30 years experience in the power industry and has held a variety of technical executive positions. 21
  • 22. Management and Board of Directors Honliang Xu Independent Director • Chairman of the Board of China Fulin Wind Power Development Corp. Linda Dundas Independent director • Risk Management and Financial Sector Regulation Expert with Royal Bank of Canada。 Joshua Gerstein Independent Director • Merchant banker with Cervello Capital 22
  • 23. Demand China Exclusivity Du Mon County Guaranteed Power Purchase Agreement Profitable 12-14% IRR 23
  • 24. Walter Huang Walter Huang Senior Vice President Senior Vice President (+86) 13918002882 (China) (+86) 13918002882 (China) (+1) 847-323-7226 (US) (+1) 847-323-7226 (US) • • Walter.Huang@yahoo.com Walter.Huang@yahoo.com • www.ChinaWindPowerInternational.com • www.ChinaWindPowerInternational.com twitter.com/ChinaWindPower twitter.com/ChinaWindPower