Siliken Corporate Presentation


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Siliken Corporate Presentation

  1. 1. Corporate Presentation 2012
  2. 2. Content 1. Solar photovoltaic global market 3 2. Siliken Group 8 3. Siliken strategic strengths 15 2
  3. 3. 1. Solar photovoltaic global market 3
  4. 4. Solar will lead the renewable energies growth in the next decade with a 42% of share Installed volume forecast by renewable energy 2010-2030 (GW-%) Renewable energies investment 2005-2030 (Bill. USD) GW 3,000 Billions $ CCS Geothermal Wind 1% 450 3% Heat 2,500 offshore 400 Biofuels 350 2,000 Wind 45% Biomass 300 waste 250 1,500 200 Solar 1,000 150 Wind 42% Solar Wind 100 Offshore 500 Wind Solar 50 Wind Wind Solar Biomass & 9% waste 0 0 2010 2015 2020 2030 2005 2010 2015 2020 2025 2030 Solar installations will lead the renewable energies growth with an estimated volume of 1.100GW in the next 20 years. That is equivalent to 57GW/year, more than double what has been installed in 2011.Sources: Bloomberg New Energy Finance ‘11 4
  5. 5. Within the Solar sector, Photovoltaic leads the yearly installed capacity in the EU and is the second renewable world wide Yearly installed capacity by energy in EU 2011 (MW) 2011 World wide capacity installed by renewable energy (MW) 25.000 MW 45.000 MW Renewables installations 20.000 MW Fossil fuel installations 37.000 MW 15.000 MW Decommissioned 30.000 MW 10.000 MW 23.000 MW 5.000 MW 15.000 MW 0 7.000 MW -5.000 MW 0 -10.000 MWSources: EPIA/EWEA 5
  6. 6. Photovoltaic levelized cost of energy (LCOE) has decreased 50% in two years, and in the short term will be highly competitive vs. fossil fuel LCOE of different energies Q4 2009 ($/MWh) LCOE of different energies Q1 2012 ($/MWh) Marine- Wave - 799 Marine - Wave $/MWh $/MWh Marine- Tidal - 740 Marine - Tidal STEG- Parabolic Trough +5% PV - c-Si STEG- LFR +5% STEG- Parabolic Trough + Storage +5% PV - Thin Film STEG- Tower & Heliostat +6% PV - c-Si Tracking Wind- Offshore +1% STEG - Parabolic Trough + Storage STEG- Tower & Heliostat w/storage +6% STEG - Parabolic Trough PV- c-Si -13% Wind - Offshore PV- Thin Film -12% PV is the only Biomass Gasification - - technology that is Biomass - Anaerobic Digestion PV - c-Si Tracking -8% decreasing costs (Q4 Biomass Anaerobic Digestion - 2011 vs Q1 2012) Biomass - Gasification - Biomass Incineration - +3% Biomass - Incineration Municipal Solid Waste - Wind - Onshore Geothermal Binary Plant - - Landfill Gas Wind- Onshore +4% Municipal Solid Waste Small Hydro - Large Hydro - Geothermal - Binary Plant Geothermal Flash Plant - - Geothermal - Flash Plant Landfill Gas - Natural Gas CCGT Nuclear - Coal Fired - Coal Fired Natural Gas CCGT +7% 0 50 100 150 200 250 300 350 400 0 100 200 300 400 500 LCOE Carbon: 21 USD Carbon: NEF Estimates Central Scenario LCOE BNEF 2011 EU-ETS EUA Forecast Q1 2012 Central Scenario Q4 2011 Central Scenario Consolidation is bringing module prices down further and “grid parity’ is being achieved in the worlds sunny regions with high retail power prices, unleashing unlimited market potential.Sources: Bloomberg New Energy Finance ’11-’12, Q-cells ‘11 6
  7. 7. Photovoltaic sector will employ above 1m people by 2020, generating more employment than wind and thermal together Employment in wind and solar sectors worldwide, 2011 and 2020 1,200,000 1,000,000 800,000 600,000 2011 2020 400,000 200,000 0 Onshore wind Offshore wind PV Solar thermal By 2020, the photovoltaic sector should be employing 1.020.000 full-time workers, nearly 350.000 more than 2011, and a rise of 51%.Sources: Bloomberg New Energy Finance ‘12 7
  8. 8. 2. Siliken Group 8
  9. 9. Siliken is a global company integrated in the value chain of the solar photovoltaic industry, with thecommitment and determination to increase its capacity in each stage of the value chain. Wedevelop and implement innovative and guaranteed energy solutions displaying the highest levels ofquality, performance and profitability for the end customer.Our motto defines our position: 9
  10. 10. From the innovation and quality control in the manufacturing to the high level of distribution services, customer commitment and satisfaction PV Manufacturing and R&D PV Sales Distribution and Services • We are one of the few • We hold collaboration • We are firmly committed to • We also supply all the • We offer a fully integrated companies integrated in agreements with several of the quality as a form of components needed to create a "turnkey" product, from design the manufacture of Solar markets leading differentiation. photovoltaic installation: power to construction through to Silicon with FBR manufacturers. Design, engineering and converters, structures, hooks, con operation and maintenance. technology. modules manufacturing are all nection boxes, etc. • However, we are committed to carefully controlled to ensure • We have a vast experience of • Proprietary FBR design high efficiency cells as that our solutions provide higher • Siliken has sales presence in 5 ground and rooftop installations technology allows for one of the most important levels of performance. continents with its own in countries such as Spain, differentiation using high- innovation projects that we are subsidiaries, sales offices and Italy, Germany, France and the quality granular polysilicon. currently working on. • More than 400MWp* of module sales network. US, giving us a Know How that capacity through two big benefits our customers. manufacturing hubs in Mexico and Romania, and plants in Canada and Spain.*400Mwp; 3 shifts for semi-automatic lines, 5 shifts for automatic lines 10
  11. 11. We focus on the manufacturing and own distribution of photovoltaic modules and components Siliken has more than 11 years experience in the manufacturing, distribution and sale of photovoltaic modules, components and solutions. We currently have presence in more than 20 countries in Europe, Asia and America with our own commercial and manufacturing structure. 11
  12. 12. We deliver all in one customized solutions with free engineering and technical support Siliken designs the complete energyBox kit for you, providing free system design and customization support to adapt the solution to your residential or industrial requirements. All components guarantee is managed by Siliken. 12
  13. 13. Development & Turnkey projects:engineering, execution, operation and maintenance We handle the construction, operation and maintenance of both ground and rooftop installations. Our projects can be 100% financed, are technically impeccable and provide the very best quality guarantees. 13
  14. 14. Siliken has a private equityshareholder, ensuring the groups long-term viability and financial strengthSiliken volume sold by country 2004-2011 (MW) Siliken Shareholders Structure 182 Canada Others 163 USA 8% ROW Founding Greece UK Partners 33% France 91 59% Italy 57 44 Germany 16 5 2 Spain 2004 2005 2006 2007 2008 2009 2010 2011  The Zriser Group is the family office of the Serratosa Lujan family. Zriser Group  It covers several investment vehicles and its Private Equity investment strategy is wide-ranging, with interestsSiliken sales 2004-2011 (Mill€) in the capital market, private equity, the property market and in industry. 368 336 255 Founding  Carlos Navarro  Alfredo Puche Partners  Gonzalo Navarro  Francisco Clavel 152 154 53 17 Other  The 8% of "other shareholders" includes 5 employees, relatives and friends of the shareholders 2004 2005 2006 2007 2008 2009 2010 2011 company. 14
  15. 15. 3. Siliken strategic strengths 2012 15
  16. 16. GlobalityQualityTechnologyLoyalty 16
  17. 17. More than 400MWp* of module capacity through two big manufacturing hubs in N. America and Europe Romania 200MWp capacity Spain 70MWp* capacity Mexico 130MWp *Most of the capacity in Spain will be relocated in Romania capacity Modules manufacturing Plants Modules manufacturing Hubs*400Mwp; 3 shifts for semi-automatic lines, 5 shifts for automatic lines 17
  18. 18. Siliken has sales presence world wide through own subsidiaries and sales network... Subsidiary commercial office Commercial presence without subsidiary Siliken Siliken France Germany Siliken Italy Siliken SpainSiliken USA Siliken Siliken Mexico Japan Siliken Siliken Brazil Singapore 18
  19. 19. ...allowing us to cover both ground and rooftop installation markets at a global level *Ask for the siliken’s project dossier 19
  20. 20. QualityTechnologyLoyaltyGlobality 20
  21. 21. In-house design, engineering and proprietarymanufacturing know-how ensure the highest quality and performance of our products Quality certificates Our modules are subjected to strict quality controls at every stage of the production process to verify and ensure our standards of quality are met. ISO 9001 ISO 14001 CE Mark IEC 61215 IEC 61730 IEC61701 IEC 62716 UL 1703 ULC/ORD-C 1703 MCS AS/NZS 5033 Israel Electric JET Corporation In process of certification 21
  22. 22. Siliken modules quality is globally recognized through independent laboratory testsPhoton Laboratory 2011 Photon Laboratory 2010 TÜV Laboratory 2008 36 Leading manufacturers 23 Leading manufacturers 14 Leading manufacturers assessed assessed assessed Aleo Solar Schott Solar BP Solar Solarworld BP Solar Bisol S-Energy Canadian Solar Inc. Sunrise Solartech Energy Solutions BP Solar Sharp Evergreen Solar Sunways PV Tech Kyocera Canadian Solar Inc. Shell Solar First Solar Trina Solar REC Scan Module CH Solar Siliken Frankfurt CS Solar Winergy Solar P. Siliken CNPV Solar Power Solar-Fabrik Isofoton Sheuten Solar Conergy Solarfun Kioto Photovoltaics Sharp Electronics CSG PVTech Solarworld Kyocera SolarWatt AG Emmvee Solar Sonalis Mage Solar SolarWorld AG Evergreen Solar Sun Peak Photowatt Solon AG First Solar Sunrise Solartech PV Power Tech. Sovello AG Frankfurt CS Solar Sunways PV Tech Schott Solar Suntech Power Isofoton Trina Solar S-Energy 3S Swiss Solar Kioto Photovoltaics Upsolar Sharp Trina Solar Kyocera Winergy Solar P. Shell Solar Mage Solar Siliken Nexpower Tech Solar-Fabrik Perfectenergy Solarfun Photowatt PV Power Tech. REC 2nd Siliken 1st Siliken 2nd Siliken 22
  23. 23. Photon laboratory ranked Siliken modules as the highest performance modules in 2010 and 2nd in 2011 Ranking of accumulated performance evolution of 23 module Ranking of accumulated performance evolution of 36 module brands during PHOTON test 2010 brands during PHOTON test 2011 1,000 1,050 1,100 1,000 1,050 1,100 1,150 1,200 kWh/kWp 700 750 800 850 900 950 800 850 900 950 kWh/kWp Siliken Siliken REC Solar Kioto… Siliken Siliken NextPower T. Winergy Solar CH Solar Trina Solar CSG PV Tech Frankfurt CS Solar CNPV Winergy Solar Mage Solar Solarworld S-Energy Bisol PV Power T. CSG PV Tech First Solar Upsloar Trina Solar Solarworld Conergy Sunrise Solartech Aleo Solar Photowatt Shell First Solar Evergreen Evergreen Solarfun Sovello AG CSI Shell Isofotón Solar-fabrik Canadian Solar BP Solar Isofotón Kyocera Kyocera Schott Solar Solar-fabrik Schott Solar Solar-fabrik Sunways Sunways BP Solar Sharp Sharp Photowatt 1st Siliken 2nd SilikenSources: Comparative studies carried out by the Photon laboratory in 2010, 2011 23
  24. 24. TechnologyLoyaltyGlobalityQuality 24
  25. 25. Innovation its the way to achieve further cost reductions assuring a sustainable PV market growthSilicon purification factory with High efficiency cell laboratoryFBR Proprietary technology We are one of the few integrated global companies to have its The in-house development of high-efficiency monocrystalline own high-purity solar-grade silicon production plant, allowing solar cells is one of the most important projects that we us to guarantee maximum quality in all of our processes currently have underway and will provide even greater levels of throughout the entire chain and transform the initial raw integration, guaranteeing maximum quality. material into installations and projects that generate clean energy all over the world. 25
  26. 26. In an overcapacity market, only the players with the lowest production cost will supply the demand Polysilicon capacity Vs cash costs of main manufacturers 2012 ($/kg) Optimistic demand 2012 (32GW) Cash costs 40$/kg ($/kg)* Conservative demand 2012 (28GW) Tier 3-4 35$/kg Renesola REC MEMC siemens Tokuyama 30$/kg 29$/kg LDK 27$/kg 25$/kg Wacker Daqo Hemlock 23$/kg OCI 21$/kg 1 Siliken REC 20$/kg FBR FBR GCL 17$/kg 16$/kg 15$/kg 13$/kg 10$/kg 0$/kg 10.000 13.500 57.000 53.000 46.000 46.000 22.000 12.000 24.000 150.000 425.000 CAPACITY 220.000 245.000 Including semiconductors demand (tpa)*Cash costs includes, manufacturing costs, utilities, SG&A & labour costs. Does not include depreciation and financial costs1 Siliken FBR cash cost: According to the feasibility study from Fluor 2011 (80 reactors of 125 tpa capacity in China)Sources: Bloomberg New Energy Finance 2011, companies BBDD, Morgan St., Credit Suisse 26
  27. 27. LoyaltyGlobalityQualityTechnology 27
  28. 28. Our customers are the most important engine of growth for our companySiliken staff, technological Our success cannotinnovation, experience, knowledge and continue to spreadglobality are placed at the service of our without the success ofcustomers with the aim of improving our customers.conditions and growing together. 28
  29. 29. We guarantee the highest level of quality with a local, efficient and committed servicePre and After-sales serviceProbably one of the most over-used yet under-valued terms. Guaranteeing servicequality to our customers is a commitment that is firmly embedded within the culture ofour team, because the true value of a company is in the last link of the chain: the link toour customers. 29
  30. 30. Ronda Isaac Peral y Caballero, 14Parque Tecnológico – 46980 Paterna – Valencia - EspañaTel.: +34 902 412 233Fax: +34 960 709 265