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© 2014 SunPower Corporation Solar Focus 2015: Resiliency for the Future MDV-SEIA | November 17, 2015 Tom Werner | President & CEO, Chairman of the Board

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Page 1: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

© 2014 SunPower Corporation

Solar Focus 2015: Resiliency for the FutureMDV-SEIA | November 17, 2015

Tom Werner | President & CEO, Chairman of the Board

Page 2: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

Recap of Successful 2015 • Technology leadership

– M&A / partnerships – SolarBridge, Tendril, EnerNOC , Stem, Cogenra, Solaire

– X-Series - world’s best solar panels

– Development of new Performance Series panel technology

• Market development

– Expanded US footprint / international focus

– Advent of online customer experience – customer portal, solar design center, SunPower Spectrum™ platform

• Experience / project execution

– Solar Star – world’s largest PV power plant

– 1.2 GW to be installed this year across all three end segments

• New products and strategies

– Smart Energy

– Oasis® / Helix™ / Residential standardized solutions

– Launch of 8point3 Energy Partners

© 2015 SunPower Corporation | 11

Page 3: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

SunPower Strategy

• Maintain and extend technology leadership

– The world’s best solar panels - superior performance, quality and reliability

– Complete, standardized solutions for residential, commercial and utility applications – The Power of One™

– Smart Energy: software, storage, energy management - greater control of customers’ energy environment

• Accelerate growth and expand global market share

– Ramp panel capacity to 4 GW by 2019

– Scale solutions platforms – Residential, Helix™, Oasis®

– Expand channel partnerships – Total, VAR networks, utilities, independent developers

© 2015 SunPower Corporation | 9

Page 4: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

© 2015 SunPower Corporation | 4

Standardized Market Solutions Across All Applications

R E S I D E N T I A LO A S I S® H E L I X™

Page 5: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

5Confidential | © 2015 SunPower Corporation |

The Power of One™

The World’s First Fully-Integrated Commercial Solar Platform

Page 6: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

6Confidential | © 2015 SunPower Corporation |

Our Digital Platform for the Customer Journey

Multiple lead-gen platforms, including Google SunRoof

Customer Acquisition

Sales Design & Quote

Construct

Engage

SunPower Spectrum™

sunpower.com (Customer Portal)

Page 7: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

© 2015 SunPower Corporation | 7

Our Latest Product Portfolio Addition: Solaire Generation

Garage Long Span

The Premium

Solaire EV/PV

Page 8: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

8Confidential | © 2015 SunPower Corporation |

A Circular Model for SustainabilityRecognition for pioneering efforts in solar manufacturing

*All other trademarks or logos are properties of their respective owners

Page 9: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

Current U.S. Policy Focus

• Investment Tax Credit

– This year: Tie ITC eligibility to commencement of construction, rather than “placed in service”

– Next year: Secure long-term extension of the ITC, both individual (Section 25D) and commercial (Section 48)

– Prospects are not great, but we’re working hard with SEIA and other solar advocates

– SunPower’s approach: Hope for the best, prepare for the worst

• Clean Power Plan implementation

– SunPower is supporting the litigation to defend the Clean Power Plan

– Work with other solar advocates on the design of State Implementation Plans

– We see the Clean Power Plan as a great long-term market driver for solar

• Net Metering and Rate Design

– Defend NEM and retain favorable rate designs

– Minimize the shift from variable (per-kWh) to fixed monthly charges

© 2015 SunPower Corporation | 9

Page 10: Solar Focus 2015: Resiliency for the · PDF fileSolar Focus 2015: Resiliency for the Future MDV-SEIA ... • Experience / project execution –Solar Star –world’s largest PV power

Thank You

Let’s change the way our world is powered.

© 2015 SunPower Corporation