JUSUNG Engineering
Y.G Lee, Executive Vice President
Presented at Seoul, KoreaApril 19, 2011APEC Green Innovation ConferenceKorea Success Story## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company1JUSUNG Served Markets in Solar
Low Cost a-Si Thin Film for Large Scale Utility High Efficiency Crystalline Siliconfor RooftopsTransparent PV with Higher Output for Building Integration
JUSUNG is a Leading Solar Technology and Production Equipment Solutions Partner ## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanySolar Market Forecasts
Analysts May Have Different Viewpoints on the Market Sunny Future for Solar or Cloudy DaysThough All Forecasters Universally Agree that Solar Will Grow## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyThe Photovoltaic Landscape
AttributesCells/ModulesTechnologyThin FilmAbsorber & Conductive Materials Deposited on Glass Sheetsa-Si (Single/Tandem), CdTe, CIGS, See-Thru BIPVCrystalline SiliconProcessing Silicon Wafers into Solar CellsMulti-, Mono-, Selective Emitter, Heterojunction
Widely Used Conventional TechnologyHigh Name Plate Conversion Efficiency, 16%-22%Lighter Weight Lower Capital Expenditures, Higher Running Costs, i.e., PolysiliconApplications: Residential and Commercial Rooftops, Ground Mount Solar FarmsNew (But Old) TechnologyLowest Production Costs, < US$0.80Modest Conversion Efficiencies, 8%-12%Less Affected from Shading and Temperature EffectsNo Raw Materials ConstraintsApplications: Ground Mount Solar Farms, Commercial Rooftops, Building Glass## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanySolar Value Chain
Crystalline SiliconThin FilmJUSUNG ProductsPlasma Enhanced Chemical Vapor Deposition Systems for Passivation, Anti-Reflective and Absorber LayersReactive Ion Etchers for TexturizationPhysical Vapor Deposition Systems Conductive FilmsTurnkey Factories for Heterojunction Technology
GlassPV Cell/ModuleSystemJUSUNG ProductsPlasma Enhanced Chemical Vapor Deposition Systems for Absorber LayersMetal Organic Chemical Vapor Deposition Systems for Transparent Conductive CoatingsPhysical Vapor Deposition Systems Conductive FilmsTurnkey Factories## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company
JUSUNG Customer Value PropositionJUSUNG provides capital efficient, enabling technology solutions through World-Class innovation and partnership. Our products and services create value to our customers by helping them achieve market leadership as the Worlds #1 in cost, productivity, and profitability.## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company6JUSUNG at a Glance Koreas Largest Manufacturer of Capital Equipment for Semiconductors, Solar, LED, and Flat Panel DisplaysFounded in 1995Headquarters: Gyeonggi-Do (Seoul Area), South KoreaListed on KOSDAQ in 1999, Ticker Symbol 036930Global Sales and Service Offices in United States, China, Taiwan, Japan, and EuropeStrong Track Record with Large Customers Hynix, LG Display, Texas Instruments, IBM, TSMC, and more2010 Revenues > KRW423bn, 150% YoY growth, extending into 2011Profitable and Growing
## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company7
Bn KRW959798990001020304050696070809History of Product Innovation Leads to Growth1011 est
Increasing Products and Adjacent Served Markets Drive Company Growth## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company2011-04-188Jusung Business Segmentation 2006-2010
Regional Revenue (Wbn) : 121.1 212.0 152.2 170.1 423.43% Korea Taiwan China EU USA
Products
Revenue (Wbn) : 121.1 212.0 152.2 170.1 423.4 Solar Cell FPD/OLED Semiconductor/LED Solar is the Largest Segment for Jusung Business >2010## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company2011-04-189
1995~Semiconductor EquipmentDiffusionThin Films Etch
2002~Display EquipmentTFT-LCDOLEDLeveraging Production Proven PlatformsJUSUNGs Technology DNA in Solar Products
2006~Solar Cell Total SolutionThin Film SiCrystalline Si
Providing Enabling, Cost Effective, and Manufacturable Solutions to SolarMaterials Science of Thin Film Deposition and EtchMoores Law for Technology InnovationVacuum and Plasma Physics for Precise ProcessingLarge Area Processing ExpertiseScaling CapabilityLow Cost Manufacturing Mentality## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company2011-04-1810Case Study of JUSUNG Product Developmentc-Si SolarFPD Gen 6 (2001)Solar Soultera PECVD Gen 6 (2008)
Semiconductor PECVD (2000)Utilizing Common Platforms Shortens Time to Market, Decreases Execution Risk, and Increases Operational LeverageUse Flat Panel Display Product as BackboneProduction Proven with >300 Units Shipped Since 2001Add Know-How of SemiconductorsThin Film Process ControlResulting in Industry Leading Productivity >2800 Wafers/HourImproved Cell Efficiency, >0.5%Highest Uptime, >95%
## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyIndividual Systems to Turnkey FactoriesBest of Breed Systems are Building Blocks to Turnkey Factories That Proliferates Capital Efficient Solar Manufacturing
Top PECVDBottom PECVDLaser Scriber P4Module SorterSputterAOICleanerBack Glass LoaderFront Glass LoaderLaminatorSimulatorCleanerCleanerLay-UPSimulatorRMSID MarkerDry CleanerGlass InGlass OutLaser Scriber P3Laser Scriber P2Laser Scriber P1Sand Blaster300MW Thin Film Turnkey FactoryWorlds Best Cost and Performance$0.59/Wp Cost of Ownership>10.2% Stabilized EfficiencyFront MOCVD
PECVD Absorber Deposition System
PVD Metallization System
TCO Deposition System## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyJUSUNG Worldwide Headquarters in KoreaInvesting in Capacity to Meet Increasing Market Opportunities
Solar C-SiR&DBIPV R&DOLED R&DLCD & Solar TF R&DManufacturing Facility 1SEMI & LED R&DManufacturing Facility 2Standardization R&D## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyInvestment in In-House Pilot LinesFully Equipped Pilot Lines for Thin Film and c-Si Device Integration
## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyIntellectual Property is Our PriorityHighest Level of Intellectual Property Generates Unique & Innovative Technologies JUSUNG IP includes Korea and international IPs listed globally. Sources: www.wips.co.kr, government patent offices, company webpages.
## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyHuman Resources Stability Allows for Consistent High PerformanceRegardless of Business CyclesHuman Resources are a Strategic Asset
## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyJUSUNGs Global Infrastructure41 Customers in the World4 Subsidiaries, 14 Offices, 5 Sales Agents for Global SupportHQKorea8 CustomersJapan3 CustomersEurope6 CustomersChina6 CustomersUSA7 CustomersSingapore1 CustomerPhilippines1 Customer Malaysia1 CustomerHeadquarterSubsidiaryLocal OfficeSales AgentTaiwan8 Customer Solar is Globalas is JUSUNGs Footprint## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best Company17Solar Megatrends and JUSUNGs PreparationAverage Selling Prices Will Continue to Decline Until Grid ParityFeed-in Tariffs and Subsidies Reduction Forces Industry to Evolve into Self Sufficiency Through Cost RoadmapsJUSUNGs Solutions: Capital Efficient Technologies Higher Throughput, Uptime, and Conversion Efficiencies Many Companies Have Reach Manufacturing Efficiencies of Scale for Cost ReductionSeeking Technology for Efficiency Gains to Further Cost RoadmapJUSUNGs Solutions: Uniquely Differentiated Products in c-Si PECVD, Reactive Ion Etcher, Heterojunction, Thin FilmManufacturing is Concentrating in AsiaFavorable Government Partnerships and Lower Cost of ManufacturingJUSUNGs Solutions: Strategically Located in Asia, with >100 Service Engineers for Mainland China, Malaysia, Philippines, Taiwan China, and Korea## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyKey Takeaways from the JUSUNG StoryEstablished HQ and Global Infrastructure for Customer EngagementsInvesting in R&D, Production Capacity, Human CapitalProduction Proven in Semiconductors and Flat Panel DisplayInnovative Technologies, Unique Products## The information contained in this slide is strictly confidential and disclosed only upon NDA
Worlds Best People, Worlds Best Products, Worlds Best CompanyInnovation beyond the limit.
Thank You
## The information contained in this slide is strictly confidential and disclosed only upon NDA
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SemiconductorFlat Panel DisplaySolarLightingSemiFlat PanelSolarLighting# Products
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Chart10.910.19'060.750.140.110.2480.3870.360.280.3250.390.2490.3060.445
SemiconductorFPD(OLED )Solar Cell
1Q2005 2006 2007 00014,326,349,8853,720,337,57215,228,432,98401,420,124,28102,925,299,55396,980,963289,600,99700002,729,117,8362,962,91279,655,1527,352,20824,755,036,63523,472,9482,244,967,22091,236,04311,230,183,00022,468,243,26020,186,525,239 28,584,960,53832,687,123,34060,553,794,81011,230,183,00039.2922,468,243,26068.7420,186,525,23933.3479,655,1520.287,352,2080.0224,755,036,63540.8814,326,349,88550.123,720,337,57211.3815,228,432,98425.152,948,772,50110.326,491,190,30019.86383,799,9520.6328,584,960,538100.0032,687,123,340100.0060,553,794,810100.001Q 051Q 061Q 07Korea39%69%33%China41%Taiwan50%11%25%Etc10%20%1%
1Q
KoreaChinaTaiwanEtc05~07 1Q Regional Sales
06~09 3Q2005 2006 2007 00014,326,349,8853,720,337,57215,228,432,98401,420,124,28102,925,299,55396,980,963289,600,99700002,729,117,8362,962,91279,655,1527,352,20824,755,036,63523,472,9482,244,967,22091,236,04311,230,183,00022,468,243,26020,186,525,239 28,584,960,53832,687,123,34060,553,794,81011,230,183,00039.2922,468,243,26068.7420,186,525,23933.3479,655,1520.287,352,2080.0224,755,036,63540.8814,326,349,88550.123,720,337,57211.3815,228,432,98425.152,948,772,50110.326,491,190,30019.86383,799,9520.6328,584,960,538100.0032,687,123,340100.0060,553,794,810100.00'06'07'08'09'10Semiconductor91%75%25%28%25%FPD(OLED )19%14%39%33%31%Solar Cell11%36%39%45%
06~09 3Q0
SemiconductorFPD(OLED )Solar Cell
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