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Xiaofeng Peng - CEO, LDK Solar
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DISCLAIMER
LDK GROUP COMPANY UPDATE
JUNE 2010
The presenta+on is prepared by LDK Solar Co., Ltd. (“LDK" or the “Company”) and is being presented solely for the purpose of corporate communica+on and general reference. The presenta+on is not intended as an offer to sell, or to solicit an offer to buy or form any basis of investment decision for any class of securi+es of the Company in any jurisdic+on. All such informa+on should not be used or relied on without professional advice. The presenta+on is a brief summary in nature and do not purport to be a complete descrip+on of the Company, its business, its current or historical opera+ng results or its future prospects.
This presenta+on contains forward-‐looking statements that involve risks and uncertain+es. All statements other than statements of historical facts are forward-‐looking statements. These statements involve known and unknown risks, uncertain+es and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-‐looking statements.
This presenta+on is provided without any warranty or representa+on of any kind, either expressed or implied. The Company specifically disclaims all responsibili+es in respect of any use or reliance of any informa+on, whether financial or otherwise, contained in this presenta+on.
DISCLAIMER
PRESENTATION TOPICS 01 Company Snapshots 02 VerCcal IntegraCon 03 Capacity 04 Manufacturing 05 Technology 06 Quality 07 Cost CompeCCveness 08 Growth Strategies 09 Polysilicon Plant Update
• Fast Growing Leading PV Manufacturer
• Founded in 2005, in Xinyu City, China
• LDK Solar Co. Ltd.
• IPO June 1st 2007 (NYSE:LDK)
• One of the world’s leading low-‐cost PV
manufacturers and suppliers
• VerCcally Integrated
• Polysilicon m
• Ingots
• Wafers “World’s largest”
• Cells
• Module
• Project Development
• Global Footprint
• 18, 000 Employees worldwide
• Sales & Marke+ng offices in Asia,
North America and Europe
• Worldwide wafer and module
distribu+on
LDK Presence
01.Company Snapshots
Mission & Vision
“MISSION” To be recognized as the top PV brand and preferred partner in the solar energy industry.
“VISION” To be focused on large scale, cost effecCve manufacturing to provide cost-‐compeCCve,
environmentally friendly, high-‐quality and innovaCve solar energy products to our customers worldwide.
COMPANY STRENTGHS
• VerCcally integrated manufacturing
• Large scale producCon faciliCes • Proven low-‐cost manufacturing
• High-‐quality products • High-‐efficiency products
• Leading global wafer supplier • Diversified global customer base
02. Ver+cal Integra+on
UPSTREAM MIDSTREAM DOWNSTREAM
• Controlling and Monitoring along the value chain enables us; • Consistently build high quality and reliability into our products • Op+mize our cost structure to deliver price-‐compe++ve products • Adopt cueng-‐edge product and produc+on technologies • Develop the most advanced manufacturing methods • Minimize carbon emissions throughout our closed loop produc+on process
6,000 MT capacity today
11,000 MT capacity
by the end of 2010
18.000 MT capacity by end of 2011
2.0 GW capacity today
2.2 GW capacity by the end of
2010
2.6 GW capacity by end of 2011
2.0 GW capacity today
2.2 GW capacity
by the end of 2010
2.6 GW capacity by end of 2011
60 MW capacity by end of 3Q 10
240 MW capacity by end of 2010
480 MW capacity by end of 2011
600 MW capacity today
1.5 GW capacity by end of 2010
2.0 GW capacity by end of 2011
03. Large Scale Capacity
2.6 GW Capacity
by the end of 2011
2.2 GW Capacity
by the end of 2010 2.0 GW
Capacity today
World’s Largest Wafer Manufacturers
1st & 2nd Phase
Solar College
Third Phase
Wafer Plants
3,000 MT Polysilicon Plant
2.0 GW Ingots, Wafers, Cells Factories
15,000 MT Polysilicon Plant
04. Manufacturing Facili+es
Parameters In 5 Years
Total Energy ConsumpCon 120-‐140kwh/kg
MulC-‐ingot size G7(1000kg)
Wafer Thickness 130-‐160μm
Cell Efficiency (MulC-‐crystalline) 19-‐21%
Cell Efficiency (Mono-‐crystalline) 21-‐23%
Module Efficiency (MulC-‐crystalline) 16-‐20%
Module Efficiency (Mono-‐crystalline) 19-‐21%
05. State-‐of-‐the-‐art technology • R&D Team
• 164 + team of dedicated team of solar scien+sts and engineers. • R&D AcCviCes
• Dedicated corporate R&D centers for polysilicon, ingot, wafer, cell, module and installa+on applica+ons
• Joint R&D acCviCes and labs with universiCes
• Quality Control Team • 600+ team of dedicated team of quality
control staff. • Quality Control AcCviCes
• Stringent quality control across the en+re ver+cal integra+on value chain as well as global procurement (machinery, raw materials, product components.)
• InternaConal Quality Standards • ISO 9001 Quality Management
Standards • ISO 14001 Environmental Life Cycle
Management • PV Modules cer+fica+ons from
interna+onal quality ins+tu+ons.
• Industry Leading Warranty: • 25-‐year transferable module
power output warranty enhances customer ROI
• Bankability of our products: • LDK’s experience and Munich RE
product insurance makes new projects finance easier.
06. Stringent Quality Standards
• Closed loop operations • All production facilities all in China • Transportation cost savings • Minimize carbon emission thought our
localized production process • Slurry recovery 30 000 MT in Sep. 2009 and
another 30,000 MT in the middle of 2010
• State-of-the Art technology • State of the art technology in all
production lines saves energy & reduces cost.
• Economies of Scale • Rapid response to market demand • Cost-competitive procurement
• Vertical Integration • High-quality and reliability • Optimize cost structure • Adapt cutting edge production technologies • Develop most advanced manufacturing • Methods
• Low Operating Costs • China based manufacturing facilities • Cost savings in labor, land,
construction, utility, etc.
• Kerf Loss & Yield • 335 µm & 315 pitch for multi & mono wafers
respectively • Low wafer losses with SPC and Cpk practice • New wire saws for wafers cutting • Upgraded wire saws for brick squaring
07. Cost-‐Compe++ve Manufacturing
Focus on low-‐cost strategies & Maintain cost leadership
1
ConCnue to ramp up polysilicon producCon
Further established module brand & Increase module sales
ConCnue to strength verCcal integraCon
Consider strategic alliances & acquisiCons
08. Aprac+ve Growth Strategies
2
3
4
5
2009 2010 Now
September 2009 Started
Production
January 2010
Commercial
Production
Today Ramp Up
Proceeding Quickly
• 2 ProducCon Sites – both in Xinyu “Ma Hong” Plant
• 7 Km East of LDK’s HQ • 15,000 MT Planned Capacity
“Xia Cun” Plant • 15 km North of LDK’s HQ • 3,000 MT Planned Capacity
• LDK’s Polysilicon Facili+es are Designed with “Best in Class” philosophy:
• Lowest-‐cost Proven Technology • Semiconductor Grade Polysilicon • Low Environmental Impact: “Si In – Si Out” • Highest Design Safety Standard • Highly Instrumented and Automated 176 MT
228 MT
288 MT Total 1Q 10: 692 MT
09. Polysilicon Plant Update
LDK’s Polysilicon FaciliCes ProducCon has begun in the 15,000MT plant
LDK Polysilicon ProducCon (MT)
Top-‐of-‐the-‐line Manufacturing Facili+es
Global Partners, Global PV Installa+ons
Belgium, Enfinity
Czech R., Espe
China, LDK Italy, Espe
DISCLAIMER
THANK YOU
JUNE 2010
