Meyer Burger Technology : Debt Financing Presentation

Debt Financing for Further Expansion of Cell and Module

Production

June 16, 2021

Disclaimer

IMPORTANT: The following applies to this document, which has been prepared by Meyer Burger Technology AG (the "Company" and together with its subsidiaries, the "Group") solely for information purposes in relation to the Group (the "Information").

The Information does not purport to contain all information required to evaluate the Company or the Group and/or its financial position. Certain financial information (including percentages) has been rounded according to established commercial standards. The Information is intended to provide a general overview of the Group's business and does not purport to deal with all aspects and details regarding the Company and the Group. The Information does not constitute a recommendation regarding any investment in, or loans or securities of, the Company or any other member of the Group. Further, it should not be treated as giving investment, legal, accounting, regulatory, taxation or other advice and recipients should each make their own evaluation of the Company and of the relevance and adequacy of the information contained herein.

The Information may constitute or include forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "plans", "targets", "aims", "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "continues", "should" and similar expressions. These forward-looking statements reflect, at the time made, the Company's beliefs, intentions and current targets/aims concerning, among other things, the Company's or the Group's results of operations, financial condition, liquidity, prospects, growth and strategies. Forward- looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; economic outlook and industry trends; developments of the Company's or the Group's markets; and the strength of the Company's or any other member of the Group's competitors. Forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The forward-looking statements in the Information are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records (and those of other members of the Group) and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Forward-looking statements are not guarantees of future performance and such risks, uncertainties, contingencies and other important factors could cause the actual outcomes and the results of operations, financial condition and liquidity of the Company and other members of the Group or the industry to differ materially from those results expressed or implied in the Information by such forward-looking statements. The forward-looking statements speak only as of the date of this document. Except as required by law, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements to reflect any change in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any forward-looking statements are based. No representation or warranty is made that any of these forward-looking statements or forecasts will come to pass or that any forecast result will be achieved. Undue influence should not be given to, and no reliance should be placed on, any forward-looking statement.

To the extent available, the industry, market and competitive position data contained in the Information come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, none of the Company or any of its Representatives has independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in the Information come from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the markets in which the Company and the other members of the Group operate. While the Company believes that such research and estimates are reasonable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change and correction without notice. Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in the Information.

2

Meyer Burger secures EUR 185 million debt financing for further expansion of cell and module production from 2022

Syndicated loan

Lenders Consortium led by Ostsächsische Sparkasse Dresden, Germany

Quantum EUR 125 million

Maturity

June 30, 2027

• The syndicated loan agreement was signed on June 15, 2021

• Eighty percent of the syndicated loan volume is guaranteed by the Federal Republic of Germany and by the federal states of Saxony and Saxony-Anhalt

Purpose Expansion of existing Bitterfeld-Wolfen and Freiberg (Germany) production sites

Factoring facility

Lenders	German working capital finance specialist bank
Quantum	EUR 60 million
Maturity	June 30, 2024
Purpose	Working capital

• Both credit facilities with standard market conditions, including usual financial covenants

• The disbursement conditions of the syndicated loan agreement require Meyer Burger to raise additional financing in the amount of EUR 100 million by June 2022

Enables accelerated expansion plan

3

Cornerstones of our strategy remain unchanged

Growing

global solar

energy market

Superior

and

proprietary technology

Captive business model

1) Source: Apricum - The Cleantech Advisory, 2021, center scenario

• After entering the residential and commercial rooftop segment with our initial 400 MW capacity, Meyer Burger intends to enter the high-volume utility segment with tailored products - meeting strongly growing solar market demand, with 13% CAGR1 expected

• Based on Meyer Burger's 3-year technology advantage over standard technology (confirmed by Fraunhofer Institute) and based on our successful industrialization, we continue to lead with our heterojunction/ SmartWire technology and plan to enrich our product portfolio continuously

• The full value of Meyer Burger's technology advantage can be captured as we exclusively control the patent-protected and more climate-friendly heterojunction/SmartWire technology

High, sustained profit levels can be achieved on the basis of a superior technology and the captive business model

4

Meyer Burger - Almost 70 years of experience, including 40 years in PV

1953

1970

1981

2002

2006

2008

2013

2016

2017

2019

Hans Meyer &	Entry into the	Entry into the solar	Market launch of	IPO on the SIX	Start of the	Start of	Introduction of the	55 GW of installed	Start of exclusive
Erich Burger	semiconductor	industry	the first DS262	Swiss Exchange on	development of	development of	mono wafer	PERC capacity	R&D cooperation
founded Meyer	industry		wire saw for the	November 23,	heterojunction	SmartWire (SWCT®)	standard by the	globally achieved	with Oxford PV for
Burger, focusing			solar industry	2006	technology	technology	diamond wire saw		HJT perovskite
on machines for							DW288 Series 3		tandem cells
the watch industry		EXPECTED MILESTONES
		Transformation from PV machine supplier to PV module and cell manufacturer
2020	2021	2022E	2025E	2027E

Acquisition of	Opening of initial	Expansion of production	Expansion of	Production capacity
existing	400 MW	capacity to 1.4 GW per	production capacity	of 7 GW per year
production	heterojunction/	year planned including	to 4.2 GW per year	planned
facilities for cells	SmartWire solar cell	second module plant,	planned
and modules in	and solar module	entry into solar power
Saxony and	manufacturing and	plant (utility) segment
Saxony-Anhalt	ramp-up

Photo: Grand opening ceremony solar cell factory Thalheim, May 18, 2021 with

Saxony-Anhalt Prime Minister Dr. Haseloff (left), MBTN CEO Gunter Erfurt and

Saxony-Anhalt Minister Prof. Armin Willingmann

5