Broadwind Energy produces wind towers and gears for wind turbines. It has manufacturing plants in Wisconsin and Texas that can produce up to 500 towers per year. However, production challenges in 2015 led to lower revenue and profits. The company is making organizational changes, process improvements, and capital investments to resolve production issues. Despite this, Broadwind has a strong balance sheet and management sees growing demand for wind energy in the US market over the next 5 years.

1. Sidoti Conference
March 31, 2016
© 2016 Broadwind Energy, Inc. All rights reserved. 1

2. Broadwind’s Product Offerings
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Industrial Manufacturer with expertise in heavy weldments, precision gearing
and other energy and infrastructure applications

3. Tower Production
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Design capacity ~500 towers per year; Investing $7M to
reduce bottlenecks and improve capacity
• Leading wind tower
manufacturer in U.S.
• Have produced ~3000 >1MW
towers for all major OEM’s in
U.S.
• Manitowoc, WI plant capacity
~350 towers
• Abilene, TX plant capacity
~150 towers
• Superior safety record
2013 2014 2015
Revenue 159.5$ 184.9$ 170.9$
Op. Inc. 19.6 18.1 4.7
EBITDA 24.8 22.3 9.5

4. © 2016 Broadwind Energy, Inc. All rights reserved. 4
0
100
200
300
400
500
2012 2013 2014 2015
Towers Sold
Tower Production Challenges
• Tower production increasing each year; design capacity ~500 towers
• 2015 production suffered from supply chain issues and production
challenges – back on track in 2016
• Taking action to resolve production variability issue
• Organizational Changes
• Process Changes
• Capital Investments

5. Wind Market Update
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U.S. Market Outlook, 2015-2021e (GW)
•Longest planning horizon
in industry history
•Eliminates costly
start/stop inefficiencies
•Economics/ potential CPP
become installation
drivers as PTC expires
•Shift toward direct buys
by corporations
5-Year PTC extension adds ~16GW of additional installations into forecast
for 2017-2021

6. Gearing
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• 90+ year history
• Competencies in wind gearing, oil &
gas, mining, steel and other industrial
applications
• Completed 3-year restructuring in 2014:
well positioned for rebound in oil & gas
and mining
• Increasing penetration into wind gearing
market following sale of Services
2013 2014 2015
Revenue 43.2$ 42.3$ 29.6$
Op. Inc. (17.9) (9.4) (8.2)
EBITDA (3.6) (0.9) (2.1)

7. Consolidated Financial Results
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2015 Results
• Sales down 12%; Towers and Weldments -8%, Gearing -30%
• Gross margin, profit and EPS declines all due primarily to Towers
production challenges and weaker Gearing volumes from oil & gas and
mining customers
• One-time costs associated with difficult contract : $10 million
2013 2014 2015
Revenue-$ Millions 198.5$ 225.8$ 199.2$
Gross Profit-$ Millions 14.6 19.7 7.9
-% (ex. Restructuring) 9.7% 8.7% 4.0%
Operating Expense-$ Millions 23.1 21.2 19.8
-% (ex. Restructuring) 11.1% 9.3% 9.4%
Operating Income(Loss)-$ Millions (8.5) (1.5) (11.9)
Non-GAAP Adj. EBITDA-$ Millions 12.9 11.9 (0.4)
EPS, Continuing Operations (0.41) (0.12) (0.83)
Full Year

8. Strong Balance Sheet - $ Thousands
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2014 2015
Cash + Equiv. 20,164 12,698
Accounts Receivable 17,043 9,784
Inventory 31,144 24,219
PPE 58,529 51,906
Other Assets 19,739 11,301
Total Assets 146,619 109,908
Accounts Payable 17,547 13,822
Customer Deposits 22,397 9,940
Debt + Capital
Leases
3,957 5,846
Other Liabilities 14,388 12,808
Total Liabilities 58,239 42,416
Equity 88,380 67,492
• $10M credit line undrawn at
12/31/15
• $5.8M of debt and capital
leases; $2.6M is New Markets
Tax Credit financing
• Operating Working Capital
sufficient ~7% of sales at
12/31/15
• $200M NOL carry-forward not
on balance sheet

9. Investment Thesis
•Wind energy demand is growing and planning horizon is best in
history
•BWEN stock depressed due to 2015 production execution misses
in Abilene tower plant
•Fixes in place/underway to support consistent execution
•Strong balance sheet – negative net debt
•Market cap of ~$40 million – significantly less than net book value
© 2016 Broadwind Energy, Inc. All rights reserved. 9

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Broadwind Energy is committed to helping
customers maximize performance of their
energy and infrastructure investments—
quicker, easier and smarter.
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© 2016 Broadwind Energy, Inc. All rights reserved.