Management presentation from the 2010 Annual General Meeting of shareholders of China Wind Power International Corp. (TSX-V: CNW)

1. Annual General
Meeting
December 2, 2010

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
world’s
environmental crisis
5
Source: IEA

6. China’s commitment to wind power
2008 2009 2010 2020
12.0 GW 25.8 GW Target 30 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
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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
On-grid Tariff: 0.61 Yuan/ Kwh
Beijing Power Grid <2km
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:
49MW in commercial operation (P1)
49.5MW in construction (P2)
448.5MW in development (P3~4)
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
67 GWh generated at June 30, 2010
93.2 GWh generated at October 30 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 (US$49) 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
Phase 1
Phase 1
4 30
Phase 2
6 10 19
Phase 2
(Installed) ( 9 installed)
56% of all globally installed wind power equipment
is manufactured in China (2007) 13

14. Our progress in
FY2010
14

15. Key Milestones
• Completed take over of Berkshire
Griffin
• Began trading on TSX-Venture
• Commenced commercial production
• Raised $5 million in non-brokered
private placement
• DuMon County sites identified as key
areas in Province’s Master Plan
15

16. Annual Results
Sales Revenue
(thousands) (thousands)
$3,829
$1,719
$407
$0
2009 2010 2009 2010
Commercial production of energy begun in Q2
16
16
Total assets at year-end was $114 million

17. Annual Results
Adjusted EBITDA Power Produced
(thousands) (GWh)
$482 4.7
2009
2010
0
2009 2010
($798)
EBITDA excludes stock-compensation charges
17
17
Power produced at 65% capacity

18. Recent Progress
18

19. Q2 Results
Sales Revenue
(thousands) (thousands)
$1,217 $1,217
$705
$0
FY2010 FY2011 FY2010 FY2011
Commercial production well underway
19
19
Operating at 65% capacity

20. Q2 Results
Adjusted EBITDA Power Produced
(thousands) (GWh)
$1,291 1.52
FY2010
FY2011
0
($393) 2009 2010
Record revenue, EBITDA
20
20
Net loss lowest ever

21. Q3 Milestones to Date
• Generated 1.1 GWh of electricity in
October
• Continued construction of Phase 2
• Raised $4.3 million in non-brokered
private placement
• Final stages of $50 million bank loan
agreement
21

22. Looking Ahead
22

23. Phase 2: project timeline
Q1/09 Q3/09 Q4/09 Q4/10 Q2/11
Construction Equity Turbines Debt Construction
commenced financing installation financing completed
commenced. approved
All foundations
completed
23

24. 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)
Phase 3 30%
Phase 4 & 5 equity
(200MW)
feasibility 299 turbines
close to get
studies planned 70%
final
underway debt
approval
Phase 3 projects (198MW) will be financed using EPC Contract.
24

25. 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
•Q3/10 Q1/12
•Q4/11 Q3/12
•Q2/12
Construction Construction Construction
Construction Construction Construction
commences commences commences
begins begins begins 25•25
Construction phase ~ 12 months

26. 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: 0.61 Yuan/Kwh
Construction: US $13.1M US $10.5M (=US$92/MWh)
• Revenue: US$8.82 M /yr *
Interest: US $4.1M US $2.9M
• 20 Years PPA
Other: US $2.2M US $4.2M * Based on 20 years average for the
Phase I (49MW) or II (49.5MW).
Total: US $73.0M US $64.4M ** Based on 20 years average for
(~12% lower) one 49.5 MW wind farm of the
Phase 3 (total 4 wind farms,
198MW). 26

27. Targeted project economics for Phase I & II *
(20 year average for one 49 MW wind farm)
Installed capacity 49MW
Capacity factor 26.31%
Revenue: wind power * US $8.8M
Total revenue * US $8.8M
EBITDA * US $6.7M
Total profit after tax * US $1.6M
Annual cash flow to equity * US $2.3M
Capital cost/MW Levered equity IRR
Less than US $1.5 million 10-12%
* Based on 20 years average 49 MW project for Phase I and II. 27

28. Demand
China
Exclusivity
Du Mon County
Guaranteed
Power Purchase Agreement
Profitable
12-14% IRR
28

29. Wendell Zhang
Wendell Zhang
Chief Financial Officer
Chief Financial Officer
416-916-4205
416-916-4205
• • wzhang@chinawindpowerinternational.com
wzhang@chinawindpowerinternational.com
• www.ChinaWindPowerInternational.com
• www.ChinaWindPowerInternational.com
twitter.com/ChinaWindPower
twitter.com/ChinaWindPower
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