SPI Energy (NASDAQ: SPI) is an established green energy player with global operations in key markets in Australia, Europe, Japan and the United States. It is leveraging its sizable solar platform and industry expertise to make strategic investment opportunities in green industries with significant growth and earnings potential and/or industries than can benefit from green power. Learn more at www.SpiGroupsInfo.com.

1. Our Vision: Smart Power to
Innovate a Renewable Greener World
NASDAQ
SPI
N O V E M B E R 2 0 2 0

2. This presentation contains certain “forward-looking statements” relating
to the business of the Company, its subsidiaries and the industries the
Company operates in. Such forward-looking statements can be
identified by the use of forward-looking terminology such as
“believes”, “expects” or similar expressions. The forward-looking
statements contained in this presentation include statements
regarding the Company’s ability to execute its growth plan and meet
revenue and sales estimates, and market acceptance of its products
and services. These statements involve known and unknown risks and
uncertainties, including, but not limited to, general business conditions,
managing growth, and political, regulatory and other risks. All forward-
looking statements are expressly qualified in their entirety by this
Cautionary Statement and the risks and other factors detailed in the
Company's reports filed with the U.S. Securities and Exchange
Commission. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except as may be
required under applicable securities law.
FORWARD LOOKING
STATEMENTS

3. KEY STATS
(as of November 11, 2020)
RECENT PRICE $7.67
Market Cap $136.5M
Shares Outstanding 17.8M
Float 10.1M
Avg. Volume (90-day) 9.1M

4. SPI Energy is a renewable energy company delivering
competitive, clean energy solutions to customers
across the world for more than 15 years. With the recent
acquisition of Phoenix Motorcars, we now operate in
five business segments:
1. Smart EV & EV charger solution
(EdisonFuture & Phoenix Motorcars subsidiary)
2. Renewable energy project development,
design, build & transfer
3. Renewable energy production and sales
(Orange Power subsidiary)
4. Renewable energy system solutions for
residential and small commercial markets
(Solarjuice subsidiary)
5. Other renewable energy related investments
Our Vision: Smart Power to
Innovate a Renewable Greener World
COMPANY OVERVIEW

5. BUSINESS STRUCTURE
EdisonFuture SolarJuiceOrange PowerSPI Solar Strategic Inv.
100% 100% 100% 51%
Today Future
51% - 100%
• Smart EV Pickup
• Smart EV Charger
• Battery Technology
• Solar + Battery +
EV Charger Project
Development
• Design, Build &
Transfer
• Renewable Energy
• Production & Sale
• Renewable Energy
Solutions to
Residentials &
Small Comercials
• Renewable Energy
Related Strategic
Investment
80% 51%
Today Future
EV
Sell
Projects
Sell
Electricity
Sell
Products Investment
• EV Bus
• EV Truck

6. INVESTMENT HIGHLIGHTS
1. Well Positioned in Fast Growing Electric Vehicle (EV) and
Renewable Energy Market
2. Leading Manufacturer of Medium-Duty EV Bus & Trucks,
made in California with 2.3 million+ miles of on-road experience
3. Proven Record of Delivering Renewable Energy Solutions to Global
Market
4. Strong Revenue Base and Trend Towards Near-Term Operational
Profitability
5. Established & Profitable Subsidiary, Orange Power & Solarjuice,
Ready to IPO, with SPI Retaining Controlling Ownership
6. Leading Renewable Energy Solution Provider for Residential
Market in Australia
7. Strong, Experienced International Management Team
8. Trading at Significant Discount vs. Peer Group Multiples

7. Smart EV and EV Charging Solutions
- EdisonFuture Business
EdisonFuture, Inc., to
Design and Develop EV
and EV Charging Solutions
R&D Center set up in
Silicon Valley and Plans to
Partner with Major
Manufacturers
Partner with TONGJIA, LIANCHENG, DAZHOU
and Others to Launch Smart EV Pickup,
Logistics and Agriculture Applications
First Assembling base in
Fresno County, California
By Market
1. U.S. Market: Parts Import from
China, Assemble in California
2. China Market: US Brand &
Technology, OEM & Sales in China
3. Other Markets: US Brand &
Technology, OEM in China, Whole
Vehicle Export
By Vehicle
Current
EV Bus & Truck, currently assembling in
California; OEM in China in plan; Sales in
US Market and Export to other markets
with Phoenix Brand from China
In Progress
Last Mile EV Logistic Truck, EV parts
imported from China and Assembled in
California; Sales in Asia & South America
Markets
Long Term
Design a US Applicable Smart EV pickup;
Sales in USA, and high demand regions in
China
Go to Market Strategy
SMART EV AND EV CHARGING SOLUTIONS
- EDISONFUTURE BUSINESS

8. • Phoenix Motorcars (“Phoenix”) is an electric drive train
manufacturer for medium-duty commercial vehicles
• Final Stage manufacturer integrating its electric
drive trains into new commercial vehicle chassis
• 2.3 million+ miles of on-road experience and
the most deployments in its class
• Phoenix has built a trusted EV brand for the
medium-duty commercial market
American-made with the majority of key components
sourced locally and with final assembly in California
INTRODUCTION OF
PHOENIX MOTORS

9. CAGR: 45%
100% OF 2020 PRODUCTION ALREADY SECURED**
Source: IHS Market Data, Phoenix Management, Bloomberg New Energy Outlook
** Pre COVID-19
SUBSTANTIAL MULTIYEAR
GROWTH OPPORTUNTIY
Significant Market Opportunity
EV penetration for this segment will reach 16% by 2030
Rapid Growth in EV Penetration of the Medium Duty (Class 4-6) Market

10. Short Term –
Integrators
Medium Term Gliders /
In Line Production
Long Term -
Ground Up Designs
A Mix Of Legacy Chassis & Ground Up EV Centric Designs
VISION FOR MEDIUM-DUTY ZERO
EMISSION TRANSPORTATION MARKET
Preferred by Transit Agencies,
School Buses, Utility Truck Fleets
and Custom Truck Bodies
Preferred by Last Mile Delivery
Fleets & Few Shuttle Fleets

11. LARGEST EV SUITE OF FORD
E-SERIES IN THE MARKET

12. Flatbed TruckParcel / Cargo Truck
High Roof - Utility Truck
Short Roof - Utility
Truck
VERSATILITY OF THE FORD E-450 COMBINED WITH POWER TRAINS
ZEUS 500 – Electric Truck OptionsZEUS 400 – Electric Shuttle Bus &
ZEUS 600 Electric Type A School Bus
Service Truck Box Truck
Custom Bodies & Accessories
Collaboration with various body manufactures including:
Electric Type A School Bus Configuration Options
§ MFSAB
§ Interior and exterior camera system
§ Integrated child booster seats
§ GPS
§ WIFI for passengers
Electric Shuttle Bus Configuration Options
§ Perimeter seating
§ Forward facing seats
§ ADA wheelchair access
§ Luggage racks
§ All accessories available on ICE shuttles

13. • Large Fleet Deployments:
• Selected by one of the largest truck fleets in the US to develop and
integrate electric drivetrains for their trucks
• Working closely with large fleets to enable their transition to zero
emission vehicles
• Autonomous E-450 Shuttle Bus:
• Awarded FTA grant to develop a Level 4 Autonomous all-electric
shuttle bus in partnership with a leading AV technology company
• New Products: Development of New Drive Trains:
• Develop drivetrains for other Class 4, 5 & 6 chassis
• Develop Own Chassis / Ground-up Products:
• In discussions with a top-10 global OEM & other technology
partners to further accelerate growth and EV adoption in the US
2020 & BEYOND
• Collaboration with Global OEMs for New EV Launches in the US
Market:
• In discussion with one of the top global auto OEMs to
potentially launch their medium duty electric vehicles in the US
market
• Also in discussions with European EV manufacturer to launch
their range of vehicles in the North America market
• The above would enable Phoenix to offer new EV products,
while capitalizing on its manufacturing capabilities,
partnerships and customer relations
• Delivery Fleet Deployment:
• Phoenix is working with various large last-mile delivery and
service fleets to help them switch to zero emission trucks

14. RENEWABLE ENERGY PROJECT
DEVELOPMENT – BT (BUILD & TRANSFER)
BUSINESS
Data Collection and
Opportunity Assessment
Strategy & Detail, and
Planning & Development
Financing &
Construction
Operation &
Transfer
1. 2.
3. 4.

15. Community Solar
• 18MW-DC portfolio in Greater Portland Area.
• Projects have been submitted to the State
of Oregon Community Solar Program in
Portland General Electric (PGE) Territory.
• Community Solar allows homeowners and
businesses to subscribe to an offsite solar
farm for their electricity.
• Creates demand for developers like SPI to
build solar farms at utility rates and sell at
commercial utility rates, allowing for a high
margin business.
RENEWABLE ENERGY PROJECT
DEVELOPMENT – BT BUSINESS

16. Hawaii Tranche 1 projects (Total 6.9MW)
• Completes the sales of 5 projects in Oahu
Island, with total 3.3MW
Hawaii Tranche II projects (Total 4.7MW)
• Continues to provide positive cashflow
• PV System Completed
• Substation construction being finalized
• Substation completion expected in Q2 2020
Hawaii Tranche III projects (Total 10.27MW)
• Latest system size from 9.4MW to 10.27MW.
• Final completion in Q4 2021
• More potential to increase to 10.27 MW system
size
RENEWABLE ENERGY PROJECT
DEVELOPMENT – BT BUSINESS

17. 0.71MW in Sacramento, CA 0.51MW in Los Angeles, CA 0.53MW in New Jersey, NJ
6.35MW in Japan 47.73MW in UK 5.88MW in Italy
RENEWABLE ENERGY PROJECT
DEVELOPMENT – BT BUSINESS

18. RENEWABLE ENERGY PRODUCTION AND
SALES – ORANGE POWER BUSINESS
Independent Power
Producer (IPP)
Sell energy Sell energy
Power Grid
Sell energy

19. RENEWABLE ENERGY PRODUCTION & SALES –
ORANGE POWER BUSINESS
• Initial focus on European and U.S. markets.
• Target markets feature established and relatively stable regulatory
environments for solar.
• Over $100M of equity invested in these projects
• Plan to spinoff Orange Power subsidiary in IPO
* There are legal disputes of 4 Sinsin Projects
which have been de-consolidated from year 2017
Location
Number
Of Projects
Megawatts
(MW)
Status/
Timeframe
U.K. 2 8.1 In Operation
Italy 1 1.0 In Operation
Greece 12 34.1 In Operation
Oregon 6 17.5 Current Pipeline
Hawaii 29 12.2 Current Pipeline
U.S.A. 30 420.0 2023-2025
Total 43 43.2 In Operation
35 29.7 Current Pipeline

20. One of the largest providers of solar and clean energy products
and solutions in the Pacific region:
• Gained significant market 5,000+ B2B accounts since established
and 700 active customers ordering monthly
• Delivered 600+ MW Panels, 1400+MW Inverters, and 40+MW
Batteries
RENEWABLE ENERGY SOLUTION
FOR RESIDENTIAL – SOLARJUICE
ORANGE POWER BUSINESS

21. Opal Solar is a premium product made by a Tier 1
manufacturer on the basis of the local support,
independent quality control, independent factory
acceptance testing and technical support in Australia.
Opal Solar is locally supported through Solar Juice Pty
Ltd, the leading supplier of PV products in the
Australian market. You can be assured that it is a
trusted brand that does not compromise on quality.
The panels are produced by ISO 9001 and ISO 14001
certified production facilities. Back to back warranty
agreements are in place to provide peace of mind.
RENEWABLE ENERGY SOLUTION FOR
RESIDENTIAL – SOLARJUICE BUSINESS

22. Australia’s favorite opal storage
• Opal Storage is an advanced Battery Energy Storage
System (BESS+)
• The storage system is specifically designed for customers
• The unique design includes not only the battery, BMS and
inverter in the cabinet but also the solar array DC switch,
battery DC circuit breakers and all AC circuit breakersinbuilt
RENEWABLE ENERGY SOLUTION
FOR RESIDENTIAL – SOLARJUICE BUSINESS

23. ACCOMPLISHED
MANAGEMENT TEAM
Hoong Khoeng Cheong
Chief Operating Officer & Director
§ Ex-Chairman of the Management Board and Chief Executive Officer of a publicly- listed company
§ 30 years of engineering and operation experience in the solar and electronics industries
§ Master of Science in computer integrated manufacturing from Nanyang Technological University,
Singapore
Denton Peng
Chairman & CEO
§ Founded LDK in 2005 and was the chairman of the board and its CEO till 2014
§ Graduated from Beijing University Guanghua School of Management with an executive
MBA degree
Jack Lee (Singapore)
Vice President of Global Project Development
§ Jack has vast experience in various industries especially in electrical and infrastructure for the last 25
years.
§ Experienced manager in energy, industry infrastructure project/maintenance and solar PV construction.
§ Well-versed in project transaction with numerous successful deals and project financing in Southeast
Asia, the UK and the US.

24. § 12+ years of Management Experience in Renewable Energy Industry
§ Formerly responsible for M&A and EPC for Panasonic’s Eco Solutions
§ Oversaw $900MM+ of renewable energy generating projects that have been placed-in service across the
US since 2010
§ MBA w/ a focus in Renewable Energy
Kevin White
VP of Solar Development & CEO of Orange Power
§ His career started in 1998 with Solarex in sales, which later merged with BP Solar.
§ Worked in BP Solar for more than a decade in sales profile.
§ He became a co-founder of Solar Juice in late 2009.
§ He specializes in Handling Sales, Stock Movement, Contracts and Supply management
Andrew Burgess (Australia)
Managing Director of Solar Juice
ACCOMPLISHED
MANAGEMENT TEAM

25. Rami Fedda (Australia)
Managing Director of Solar Juice
§ He started to work as a process worker and moved to the purchasing department at Solarex, which
later merged with BP Solar in 2000.
§ He worked there in various roles for almost a decade.
§ He became a co-founder of Solar Juice in late 2009 which is now the largest solar wholesale and
distribution company in Australia.
§ He specializes in Manufacturing, Procurement, Planning & Logistics.
§ October 1996 - August 2011, Technical Consultant of the Chairman and Maintenance Manager at
Th. Vassilakis Group of companies (AEGEAN Airlines, HERTZ, SEAT, SAAB, OPEL, FORD).
§ January 2012 - today, Construction Manager and Operation Manager of SPI in Greece, managing
34MWp solar projects
Vassilis Orfanos (Greece)
Vice President of European Assets Management
ACCOMPLISHED
MANAGEMENT TEAM

26. 26
$114.60 $121.50 $125.60
$97.88
$0
$50
$100
$150
2016 2017 2018 2019
Revenue
HISTORICAL KEY
FINANCIALS
$12.07
$10.09
$11.06
$7.19
$0
$2
$4
$6
$8
$10
$12
$14
2016 2017 2018 2019
Gross Profit
$(220.97)
$(90.96) $(12.26)
$(15.15)
-$250
-$200
-$150
-$100
-$50
$0
2016 2017 2018 2019
Net Profit
Note:
• SPI completed the disposition of China business on Dec 10, 2018
• $16M raised in direct equity offering in September 2020 and $2.1M CB on Nov 3, 2020
10.53%
8.30% 8.80%
7.35%
0%
2%
4%
6%
8%
10%
12%
2016 2017 2018 2019
Gross Margin

27. Historical Income Statements
Consolidated Statements of Operations Data
2016 2017 2018 2019
($ in thousands, except share and per sharedata)
Revenue 114,602 121,520 125,582 97,883
Total cost 102,532 111,428 114,525 90,693
Gross profit 12,070 10,092 11,057 7,190
Total operating expenses 103,670 19,371 14,009 26,361
Operating income (loss) -91,600 -9,279 -2,952 -19,171
Total other income (expense) -9,823 -17,098 -2,853 4,115
Loss from continuing operations before income taxes -101,423 -26,377 -5,805 -15,056
Income taxes expense 606 137 332 92
Loss from continuing operations -102,029 -26,514 -6,137 -15,148
Loss from discontinued operations, net of tax -118,939 -64,445 -6,122 -
Net loss -220,968 -90,959 -12,259 -15,148
Net loss per common share: Basic and Diluted -34 -13 -2 -1.20
HISTORICAL INCOME
STATEMENTS

28. Balance Sheet Snapshot
2018 2019
($ in thousands)
Assets
Total Cash 4,141 2,764*
Total Current Assets 73,883 56,489
Net property, plant and equipment 21,150 33,768
Total non-current assets 114,845 122,354
Total Assets 188,728 178,853
Liabilities & stockholders’ equity
Total Current Liabilities 166,531 170,017
Total non-current liabilities 22,127 14,311
Total stockholders’ equity -3,921 -8,184
Total liabilities and stockholders’ equity 188,728 178,853
* Cash does not reflect approx. $18.1M raised
HISTORICAL INCOME
STATEMENTS

29. SPI Energy Co., Ltd.
(NASDAQ GS: SPI)
US Operation Headquarter
4677 Old Ironside Drive, Suite
190, Santa Clara, CA 95054
www.spigroups.com
Investor Contact
Dave Gentry, CEO
RedChip Companies
407-491-4498
dave@redchip.com
Investor Presentation

30. APPENDIX
Additional Slides

31. Planned
620,242 MW
of solar
55,300 MW
of storage
765,175 MW
of storage
10,000,000 MW
of solar
Solar-storage Potential
= MW = MW
Operating
Solar PV generation increased 22% (+131
TWh) in 2019 and represented the second-
largest absolute generation growth of all
renewable technologies.
As competitiveness continues to improve,
solar PV is still on track to reach the levels
envisioned in the IAE’s Sustainable
Development Scenario, which will require
average annual growth of 15% between
2019 and 2030.
SOURCE: IAE World Energy Outlook (October 2020)
SOLAR – STORAGE
MARKET OVERVIEW

32. 1,200,000
1,100,0 0 0
1,000,000
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
2019201820172016201520142011 2012 2013
NumberofEVsontheRoadintheU.S.
M O R E T H A N
1.18 million
E L E C T R I C V E H I C L E S
are on the road in the U.S. as of
March 31, 2019.
T O T A L E V S A L E S
for 2018 were up
81%
compared to 2017.
E L E C T R I C V E H I C L E S O N T H E R O A D I N T H E U . S .
G L O B A L E V S A L E S
f o r 2 0 1 9 w e r e u p
46%
compared to 2018.
Majority of US Tier 1
automotive suppliers
support more electric
cars, and disagree with
recent rollback of
emissions standards,
according to CALSTART
survey.
A majority of suppliers
surveyed support a
national 100% zero-
emission vehicle (ZEV)
sales target for 2035-
2040.
Source: Green Car Reports (October
2020)
SOLAR – STORAGE
MARKET OVERVIEW

33. • Huge market and growth potential: Global EV charging
stations market is expected to grow at a 23.24% CAGR
from $39.70 Billion in 2019 to $100.96 Billion by 2027. (1)
• Key Market Drivers
• Government funding for charging station build outs
• Increasing focus on developing faster charging
stations
• Electrification of automotive industry and rising
number of electric vehicles on the road
(1) Source: Fortune Business Insights (August 2020)
Key Market Participants
EV CHARGING MARKET
OVERVIEW