DYESOL (AU:DYE) – THE

REVOLUTION IN 3RD

GENERATION SOLAR

TECHNOLOGY

MANAGING DIRECTOR, RICHARD CALDWELL

OCTOBER 2015

Disclaimer

This presentation includes forward-looking statements that are subject to many risks

and uncertainties. These forward-looking statements, such as statements about

Dyesol’s short-term and long-term growth strategies, can sometimes be identified by

use of terms such as “intend,” “expect,” “plan,” “estimate,” “future,” “strive,” and similar

words. These statements involve many risks and uncertainties that may cause actual

results to differ significantly from what may be expressed or implied in these

statements. Dyesol has taken care in the preparation of this presentation and believes

that all statements are made in good faith and based on reasonable grounds. However,

readers are cautioned not to put undue reliance on forward-looking statements. Dyesol

disclaims any obligation to update information contained in these forward-looking

statements whether as a result of new information, future events, or otherwise.

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DYESOL – THE COMPANY

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VISION

Dyesol’s vision is to create a viable low cost source of electricity with the potential to

disrupt the global energy supply chain and energy balance.

Dyesol’s solution uses low cost and readily available materials, proven non-toxic application

methods and is cost-effective to manufacture. It also works in all light conditions including shade,

pollution and cloud. This adds up to one simple proposition – lower cost electricity available at

the point of generation at the lowest possible cost to the customer, for as long as the sun shines.

The game is large and the prize is huge.

It’s about securing our energy future, now, and for generations to come.

Ian Neal – Chairman, Dyesol, September 2014

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ABOUT DYESOL

Dyesol is a global leader in the development and commercialisation of Perovskite Solar Cell

(PSC) technology

Australian clean-tech company

56+ employees, established 2004

3rd generation solar technology - $120

million+ investment in R&D

Utility and Building Integrated

Photovoltaic (BIPV) Technology focus

High growth, high demand market sector

Key IP blocks and EPFL licensee

Highly educated and specialist R&D team

Publicly listed – Australia and Germany

with 7,000+ investors

$96M raised in public capital markets -

strategic investor 2013

Strategic global partnerships

= Capital-Light Business Model

Subsidiaries around the world - Italy,

South Korea, Switzerland, UK & USA

Accelerated commercialisation of PSC -

Demonstration 2016, Pilot Line 2017,

Mass Production 2018

Manufacturer and supplier of materials to

more than 56 countries5

>7000 Shareholders

BUSINESS MODEL

AND CAPITAL STRUCTURE

Equity Snapshot

Ticker ASX/Germany DYE / D5I

12 Month Range A$0.20 – A$0.295

Shares Outstanding 339.03M

Market Capitalisation @A$0.295/share A$100 millionAs at 19 October 2015

Australian Retail30%

European/UK

26%

Institutional…

Insiders40%

D5I

Profile

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Dyesol Business Model:

Dyesol is a manufacturer of key PSC materials,

Next-Gen technology provider & a

manufacturing Joint Venture partner.

Dyesol partners with leading multinational

manufacturers that possess strong brands and

established routes to market that are seeking to

embed PSC technology into their products to

diversify their product offering.

Dyesol Partnership Experience:

PEROVSKITE SOLAR CELLS

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EVOLUTION OF TECHNOLOGY

1st Generation – Mono & Poly Crystalline Silicon

2nd Generation - Thin Film Semiconductor e.g. CdTe, CIGS

3rd Generation – Perovskite Solar CellsThird generation PV includes multiple technologies that seek to improve

upon first two generations through a combination of cost reduction,

increased energy efficiency, improved aesthetics, and opportunity for product

integration. Its heritage is in OPV and DSC.

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2

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http://www.instablogsimages.com/images/2007/11/02/solar-_panel_6648.jpghttp://www.instablogsimages.com/images/2007/11/02/solar-_panel_6648.jpg

Low manufacturing costs - simple

processes, low embodied

energy Good efficiency in

low light -stable

efficiency

Flexibility –light weight,

can be incorporated into building

materials

Durability –eliminates

thermal expansion

issue, corrosion

Scalable –R2R & S2S processes makes high

volumes achievable

Aesthetic colours and features –

wide range of colours and

uses

Uses Abundant and

Non-Toxic Materials

BENEFITS

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PROVEN PERFORMANCE

Since mid-2012 rapid efficiency improvement with Perovskites

Efficiency improvement remains on a steep trajectory & 1,000+ hours of 1-Sun Light Soaking

stability at strip cell level. Thermal Degradation (85 °C) milestone to follow.

PSC has caught up with, and surpassed liquid/solvent-based systems.

Now comparable with traditional silicon cell efficiencies. 10

PRODUCT AND COMMERCIALISATION

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Market Entry Strategy: 1. Utility PV 2. BAPV 3. BIPV

This unique technology can be integrated into glass, metal, cement

and polymeric building materials to generate energy even in low light

conditions in multiple applications.

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THE PRODUCT

COMMERCIALISATION SCHEDULE

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MARKET SHARE DRIVERS

Solar competitiveness measured by the ‘Golden

Triangle’ = Cost, Efficiency, Life

Achieving the Golden Triangle is critical to capture of

market share.

High efficiency, low cost and 20 year+ life span will

open up the ‘holy grail’ of solar – BIPV.

“Golden Triangle” = Cost, Efficiency, Life Levelised Cost of Electricity (LCOE)

LCOE catalyst for market share capture.

Calculated by summing all the costs incurred during the

lifetime of the project expressed in dollars per kWh

($/kWh). Currently projected @ < A10c/ kWh.

Allows a comparison between different generating

technologies and unequal lifetimes to be made.

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Potential for Alternative Technologies

Global PV demand to exceed 50 GW in 2015.*

The Global Alternative Photovoltaic Solar Cell

Technologies market is estimated at $16.24 billion in

2014 and is expected to reach $38.25 billion by 2022

growing at a CAGR of 11.30% from 2014-2022.**

The European Union has directed by 2020, all

buildings in the EU should include a net zero energy

component.

In the US, all new commercial construction in

California will be zero energy building (ZEB) by 2030.

*Source: Top Solar Industry Trends for 2015, IHS **Source: August 2015 – Statistics,

MRC

BIPV potential

PSC is a game-changer – enabling all building

surfaces, in all directions, to be used to generate clean

energy, even in low-light.

Global BIPV market set to grow to more than US $6

billion by 2017 and nearly $ 23 billion by 2021.

Growth in BIPV will be at the expense of conventional

solar panels in the market today.

MARKET PROJECTIONS – FACTS

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http://www.reportlinker.com/p03262763-summary/Global-Alternative-Photovoltaic-Solar-Cell-Technologies-Market-Outlook.html

RECENT ANNOUNCEMENTS:

STABILITY BREAKTHROUGH & ARENA

Thursday, 1 Oct 2015

$449,000 Australian Renewable Energy

Agency (ARENA) funding for short-term

project to demonstrate commercial viability

of Perovskite Solar Cell technology

Milestones focussed on high efficiency and

durability

The agreement paves way for further

negotiation for major Australian collaboration

with industry, scientific institutions, including

CEFC

Dyesol in the “sweet spot” for Australian

Government focus on sophisticated, next-

generation renewable energy

Enormous potential for value-add to

Australia’s vibrant building materials industry

Wednesday, 9 Sep 2015

In a world-first, Dyesol demonstrates 1,000

hours Light Soaking stability on strip cells

1,000 hours 85 ºC Thermal Degradation

milestone to follow

Light Soaking and Thermal Degradation

make up IEC 61646 – the international gold

standard for thin-film PV solar accreditation

Dyesol has technology roadmap to continue

to scale from strip cells to modules and

finally Major Area Demonstration prototype

panels prior to mass manufacture

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Successful completion of further quarterly Technology Development

Plan technical milestones

Potential announcement of a global Major Area Demonstration

engineering partner

Confirmation of a successful Turkish prototype project

Possible access to additional Australian Government financial

support

Emerging Industrialisation of PSC for Australian markets and

export

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FUTURE DEVELOPMENTS?

FOLLOW DYESOL

www.dyesol.com Subscribe Online Social Media

@Dyesol (English)

@DyesolLtd (German)

Dyesol Australia Ltd

D5I

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APPENDIX

DYESOL TECHNOLOGY

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PSC ARCHITECTURE

PSCLiquid DSC

Solid Hole Transport Material

Titania

Perovskite Light Absorber

Liquid Electrolyte

Titania

Dye

Nano-Platinum Catalyst

Si Solar CellHuman Hair

500 nanometres

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MESOSCOPIC SOLAR CELL EVOLUTION

Glass Substrate

Metal Contact

Glass Substrate

Glass Substrate

Glass Substrate

Glass Substrate

Dye + Liquid Electrolyte

Glass Substrate

Metal Contact

Dye + Solid Organic HTM

Glass Substrate

Glass Substrate

Dye + Solid Perovskite HTM

Perovskite + Liquid Electrolyte Perovskite + Solid Organic HTM

Glass Substrate

Metal Contact

Glass

Transparent Conducting Oxide

Perovskite + Carbon

Glass Substrate

Organic Hole Transport Material

Metal Contact

Perovskite Light Absorber

Planar Perovskite + HTM

Glass Substrate

Metal Contact

Glass

Low Work Function TCO (FTO)

TiO2 Blocking Layer

Low-Temperature Carbon

Glass

Low Work Function TCO (FTO)

TiO2 Blocking Layer

Porous Carbon

PSC ARCHITECTURE

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NREL CHART

Source: http://www.nrel.gov/ncpv/images/efficiency_chart.jpg

http://www.nrel.gov/ncpv/images/efficiency_chart.jpg

THANK YOU

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