Canadian Solar : Q3 2022 Conference Call

Canadian Solar 3Q22 Earnings Call

November 22, 2022

Safe Harbor Statement

This presentation has been prepared by the Company solely to facilitate the understanding of the Company's business model and growth strategy. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Company or any of its affiliates, advisers or representatives will be liable (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation.

This presentation contains forward-looking statements and management may make additional forward-looking

statements in response to your questions. Such written and oral disclosures are made pursuant to the Safe Harbor

provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward looking statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to its future performance, consolidated results of operations and financial condition. These statements can be identified by the use of words such as "expects," "plans," "will," "estimates," "projects," or words of similar meaning. Such forward-looking

statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ

materially from expectations implied by these forward-looking statements as a result of various factors and assumptions. Although we believe our expectations expressed in such forward looking statements are reasonable, we cannot assure you that they will be realized, and therefore we refer you to a more detailed discussion of the risks and uncertainties contained in the Company's annual report on Form 20-F, as amended, as well as other documents filed with Securities & Exchange Commission. In addition, these forward looking statements are made as of the current date, and the Company

does not undertake to update forward-looking statements to reflect future events or circumstances, unless otherwise

required by law.

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Q3 2022 Review

Revenue	Gross	EBITDA	Net income
$1.93	margin		$183	to CSIQ
billion	18.8%	million	$78 million
	Solar		Battery	25 GWh
		battery
	module		storage
1. CSI Solar:		storage
shipments	shipments
	turnkey
	6.0 GW		570 MWh
		pipeline
	Power	25 GWp	40 GWh
	project		solar	battery
2. Global Energy:		storage
sales	project
	development
	890 MWp	pipeline
	pipeline

Revenue Breakdown 3Q22
Global	China,	North
Energy,	America,
28%
$101 mn	25%
	Asia ex.	Latin
	America,
CSI Solar,	China,	11%
$1,831 mn	9%	EMEA,
		27%

Solar Module Shipments, GW

30-35

c.20.9

				11.5	14.5
		6.8	6.6	8.6
4.7	5.2

3.1

1.9

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022E 2023E

Battery Storage Shipments, GWh

1.8-1.9 GWh

0.9 GWh

0

2020

2021

2022E

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Significant progress on battery storage businesses

CSI Solar

Global Energy

SolBank

Global Energy Total Battery Storage Pipeline, GWh

Utility-Scale
Storage	40.4
	31.3
2.8 MWh	27.1 27.5
19.3	21.0
16.9

EP Cube

Residential Storage

8.8

2.8 2.8 4.7 6.0

0.0 0.2

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022

Smart	Hybrid 9.9kWh Hybrid 13.3kWh Hybrid 16.6kWh Hybrid 19.9kWh
Gateway

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CSI Solar China IPO in registration with the CSRC

Q1 2022-Q1 2023

• Registration process with the Chinese

	Securities Regulatory Commission
•	Investor roadshow
•	Official listing
Q3-Q4 2021	
• Feedback process and approval from
the Shanghai Stock Exchange
Q2 2021	

• Submit application to regulatory authorities & stock exchange

Q1 2021



• Financial, legal paperwork
• Prospectus drafting

	Q4 2020		
•	Shareholder system reform
•	Governance documents		Note: Dates subject to change without notice.
•	Registration materials
Q3 2020	

• Announcement

• Pre-IPO closing

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