SPI Energy Groups - Investor Deck November 2020

SPI Energy Co., Ltd.
(NASDAQ GS: SPI)
Investor Overview / Nov 2020
SPIgroups.com

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

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

Company Overview
SPI Energy is a renewable energy company
delivering competitive, clean energy solutions to
customers across the world for more than 15
years, recently acquired 100% ownership of
Phoenix Motorcars, and operates in five business
segments, providing end-to-end solutions:
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 market
(Solarjuice subsidiary)
5. Other Renewable energy related investment
Our Vision: Smart Power to Innovate a Renewable Greener World
Renewable Energy
Production & Sales
Smart EV and EV
Charging Solutions
Renewable Energy Solution
for Residential
Solar / Storage / EV / EV Charger

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

Investment Highlights
1. Well Positioned in Fast Growing Electric Vehicle (EV) and Renewable Energy Market
2. Leading Manufacturer of Medium-Duty EV Bus & Truck, 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
8. Trading at Huge Discount vs. Peer Group Multiples

Smart EV and EV Charging Solutions -
EdisonFuture Business
EdisonFuture, Inc., toDesign
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 and
Others to Launch SmartEV
Pickup, Logistics and
Agriculture Applications
Partner with Leading
Manufacturer forCommercial
and Residential Smart EV
Charger Solution
First Assembling base in
Fresno County,California
EV Sales topped 2.1 million units
globally in 2019, 125 million is
predicted in 2030, 40% YoY
increase, Clean California2035
Plan

Smart EV and EV Charging Solutions -
EdisonFuture Business
Last Mile Logistics EV
Off-Road Pick-up EV
With TONGJIA
With Leading
Manufacturers
With LIUCHENG
For Asian Mkt
With DAZHOU
For Guangxi
Mkt in China

Introduction of Phoenix Motorcars
 Phoenix Motorcars (“Phoenix”) is an electric drivetrain manufacturer for medium-duty commercial vehicles
 Final Stage manufacturer integrating its electric drivetrains 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

CAGR: 45%
100% OF 2020 PRODUCTION ALREADY SECURED**
Source: IHS Market Data, Phoenix Management, Bloomberg New Energy Outlook** Pre COVID-19
Substantial Multiyear Growth Opportunity
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

Vision For Medium-Duty Zero Emission Transportation Market
SHORT TERM - INTEGRATORS
MEDIUM TERM – GLIDERS / IN LINE
PRODUCTION
LONG TERM – GROUND UP DESIGNS
Preferred by Transit Agencies, School Buses, Utility
Truck Fleets & Custom Truck Bodies
Preferred by Last Mile Delivery
Fleets & Few Shuttle Fleets
A MIX OF LEGACY CHASSIS & GROUND UP EV CENTRIC DESIGNS

Largest EV Suite of Ford E-Series in the Market

Flatbed TruckParcel / Cargo Truck
High Roof - Utility Truck
Short Roof - Utility Truck
VERSATILITY OF THE FORD E-450 COMBINED WITH INDUSTRY LEADING ZERO EMISSION POWERTRAINS
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

 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 Drivetrains:
 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

Renewable Energy Project Development –
BT (Build & Transfer) Business
Data Collection &
Opportunity Assessment
Strategy & Detail, and
Planning & Development
Financing &
Construction
Operation & Transfer

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.

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

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 Production & Sales –
Orange Power Business
Independent Power
Producer (IPP)
Sell energy Sell energy
PowerGrid

Renewable Energy Production & Sales –
Orange Power Business
Greece*
12 Projects
34.1 MW
U.K.
2 Projects
8.1 MW
Italy
1 Project
1.0 MW
Hawaii
29 Projects
12.2 MW
Oregon
6 Projects
17.5 MW
In Operation (43.2 MW)
Current Pipeline (29.7 MW)
• 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
(future target pipeline)
U.S.A.
Timeframe: 2023-2025
30 Projects
420.0 MW
* There are legal dispute of 4 Sinsin Projects which
have been de-consolidated from year 2017

Renewable Energy Solution for Residential -
SolarJuice Business
One of the largest providers of solar and clean energy products and solutions in the Pacific
region:
 Gained significant market share in Australia since launch in 2009
 5,000+ B2B accounts since established and 700 active customers ordering monthly
 Delivered 600+ MW Panels, 1400+MW Inverters, and 40+MW Batteries

SolarJuice Business
Opal Solar is a premium product made by 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.

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
SolarJuice Business

Accomplished Management Team
Hoong KhoengCheong
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
DentonPeng
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.

Accomplished Management Team
Vassilis Orfanos (Greece)
Vice President of European
Assets Management
 October 1996 - August 2011,
Technical Consultant of the
Chairman and Maintenance
Manager at Th. Vassilakis Groupof
companies (AEGEAN Airlines, HERTZ,
SEAT, SAAB, OPEL, FORD).
 January 2012 - today, Construction
Manager and Operation Manager of
SPI in Greece, managing 34MWp
solar projects
 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
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.

26
$114.60
$121.50 $125.60
$97.88
$0
$20
$40
$60
$80
$100
$120
$140
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

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

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

(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

Solar – Storage Market Overview
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)

Smart EV Market Overview
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
NumberofEVsontheRoadinthe
U.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)

EV Charging Market Overview
• 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 (August2020)
Key Market Participants

SPI Energy Groups - Investor Deck November 2020

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SPI Energy Groups - Investor Deck November 2020