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

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 July 9, 2020)
Recent Price $7.78
Market Cap $136.7M
Shares Outstanding 17.6M
Float 9.8M
Avg. Volume (90-day) 7.5M

4. Company Overview
SPI Energy is a renewable energy company delivering competitive, clean
energy solutions to customers across the world for more than 15 years.
Operates in four business segments, providing end-to-end solutions:
 EV and renewable energy products and project design; develop, build, and deliver
 Renewable energy production and sales (Orange Power subsidiary)
 Renewable energy system solutions and distribution for residential market
 Renewable energy related industry investments

5. Value Proposition
SPI Energy is a renewable energy asset
management company with a 15-year history
trading at just over 1x revenue (Fiscal 2019:
$97.9M).
With assets valued at nearly $200M and a current
market cap of approx. $136M, the stock is trading
well below peer group multiples.
The Company has shown significant improvement
with decreasing losses year-over-year with a trend
towards near-term profitability.

6. 6
$114.60
$121.50
$125.60
$97.88
$0
$20
$40
$60
$80
$100
$120
$140
2016 2017 2018 2019
Fiscal Year
Revenue (in Millions)

7. International Market Opportunity
Focusing on OECD Markets
North America Europe Asia Pacific

8. Business Segments
Solar Electricity
Residential Solar Solution Solar Related Investments
EV and EV Charging Solutions

9. Business Model
1. Solar Electricity Delivery
• Large solar assets portfolio in Greece, Italy, UK & Japan.
• Over $100M investment in the portfolio of Global Solar projects which generate stable income for up to 20
years
2. Solar Farm Development
• Strong Profitability with Solar development portfolio ongoing in Hawaii, Oregon & Japan
• Establishing more opportunities in the United States
5. Solar Industry Related Investments
• Strategic Investments in Solar related industries, such as Agriculture and other high-electricity consumed
industries to enhance long-term profitability
3. Residential Solar Solution
• One of the leading wholesale distributors of solar panels and storage in Australia and Asia Pacific
• Building manufacturing facility in United States to deliver MADE IN USA Panel and Storage products
4. Electric Vehicle and EV Charging Solutions
• Launched wholly owned subsidiary, EdisonFuture, Inc., in September 2020 to design and develop EV and
EV charging solutions

10. Global Solar Projects - IPP Business
Independent Power
Producer (IPP)
Sell energy
Sell energy
Power Grid
Solar Electricity

11. Global Solar Projects- IPP Portfolio (Greece)
Country Project name
Gross capacity
(MW)
Connection date FIT terms
Greece
Sinsin Renewable
Investment Limited
26.6
February to
October 2013
EUR0.14-
0.38/kWh1
Heliostixio SA 1.082 Jul-2012 EUR0.215/kWh
Heliohrisi SA 1.988 Jul-2012 EUR0.215/kWh
Thermi Sun SA 4.4 Jul-2012 EUR0.215/kWh
Total 34.07
* Sinsin Renewable has been deconsolidated because of the arbitration of 360MW EPC contracts failing to be
awarded to SPI by Sinsin. There is a claim by SPI against Sinsin Renewable.
Over $100m investment in Greece, Italy, UK, and Japan
 Expected to generate stable operating cash flows
 43 MW capacity internationally
 Plan to spinoff Orange Power subsidiary in IPO
Solar Electricity

12. Global Solar Projects - IPP Portfolio (UK, Italy & Japan)
Country Project name
Gross capacity
(MW)
Location Connection date FIT terms
UK
Cairnhill Solarfield 3.09 Turiff Feb-2016 1.3 ROCs
Thompson 4.97 Standish, Wigan Mar-2016 1.3 ROCs
Subtotal 8.06
Italy
SunRoof I 0.48 Aprilia (Giardini)
Dec-2009
EUR0.22-
0.35/kWhItalsolar 0.99 Laterza
Subtotal 1.47
Japan
Ibaraki 0.27 Bando Dec-2014 JPY36/kWh
Subtotal 0.27
Global Total 43.87
Solar Electricity

13. Solar Development Portfolio - BT (Build & Transfer)
Data Collection &
Opportunity Assessment
Strategy & Detail, and
Planning & Development
Financing &
Construction
Operation & Transfer

14. Solar Development Portfolio - (Oregon)
• 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.
Community Solar

15. Solar Development Portfolio - (Hawaii)
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

16. Previous Development Experience
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

17. 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
Residential Solar Solution

18. SolarJuice Business
 An advanced Battery
Energy Storage System
(BESS+)
 Unique design includes not
only the battery, BMS and
inverter in the cabinet
 JV manufacturing facility at
Wuhu, Anhui, China
Residential Solar Solution

19. EdisonFuture Business
EV and EV Charging Solutions
 Launched wholly owned subsidiary, EdisonFuture, Inc., to design
and develop electric vehicles ("EV") and EV charging solutions
 Plans to partner with major manufacturers, as necessary
 Based in Silicon Valley, CA
 EV sales topped 2.1 million globally in 2019
 40% YoY increase

20. Solar Industry Related Investments
CBD & Hemp Business
 Started test-round production of
CBD Crude OIl in Q1 2020 at the
facility of over 250,000 SQFT on
25 Acres land at Orange Cove, CA
 Plan to build Solar project onsite
to lower the electricity cost
Alfalfa Business
 US Department of Agriculture
approved Export license
 Solid customer base, including
strategic partnerships with large
dairy companies in Asia
 Plan to build 5MW Solar project
onsite to enhance profitability
Umining Business
 Multiple locations at Milwaukee
and Canada
 Plan to develope Solar project
Nearby or cooperate with local
Electricity company to lower the
electricity cost
Solar Related Investments

21. 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.
Vassilis Orfanos (Greece)
Vice President of European Assets
Management
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

22. Accomplished Management Team
 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)
Vice President of Wholesales
Business & Director of Solar Juice
Rami Fedda (Australia)
Vice President of Wholesales
Business & 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.
Jacky Ju (Hong Kong)
Vice President of Corporate
Development & Assistant to Chairman
 Jacky Ju was graduated from
Shanghai Jiao Tong University.
 He has 10 Years Experience in
investment bank and advisory
firms at AMTD Group and E&Y
and PwC.
 He specialize in M&A, investment,
business and consulting in
business transformation, change
management, operation strategy
and management etc.

23. Historical Income Statements
Consolidated Statements of Operations Data
2016 2017 2018 2019
($ in thousands, except share and per share data)
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
Note: SPI completed the disposition of China business on Dec 10, 2018

24. 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. $16M raised in direct offering in September 2020

25. Investment Overview
1. International Solar Assets Valued at $200M
2. Long-Term 20+ Year Contracts
3. Strong Revenue Base and Trend Towards Near-Term Profitability
4. Top Three Provider of Solar Power In Australia, Various Global Projects
5. High-Potential Investments in Up-And-Coming Industries including EV and EV Charging
6. Strong, Experienced International Management Team
7. Trading at Huge Discount under Peer Group Multiples

26. SPI Energy Co., Ltd.
(NASDAQ GS: SPI)
Global Headquarter
Unit 15-16, 19/F, South Wuing, Delta House
3 On You Street Shatin, Shek Mun, NT,
HONGKONG
US Location
4677 Old Ironside Drive, Suite 190,
Santa Clara, CA 95054
Investor Contact
Dave Gentry, CEO
RedChip Companies
407-491-4498
dave@redchip.com
Investor Presentation
October 2020