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© 2019 Aurora Solar Technologies Inc. 4 Sep 2018 CONFIDENTIAL and PROPRIETARY 1

ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

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Page 1: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

4 Sep 2018

CONFIDENTIAL and PROPRIETARY

1

Page 2: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Safe Harbour Statement

Forward Looking Statements: Certain of the statements and

market data contained in this presentation are forward-

looking statements which involve known and unknown risks,

uncertainties and other factors which may cause the actual

results, performance or achievements of the Company, or

industry results, to be materially different from any future results, performance or achievements expressed or implied

by such forward-looking statements.

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Page 3: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Aurora Solar TechnologiesØ FOR SOLAR CELL MANUFACTURERS,

who struggle to be profitable

ü Aurora’s manufacturing quality control systems INCREASE manufacturing yield and PROFITS

ü Unlike our competition, we provide a WHOLE SOLUTION for this need

3

Quality measurement of a series of solar cells

Real-time quality assessment based on measured parameters

Page 4: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Our addressable market is large and rapidly growing• Annual CAPEX for solar cell

manufacturers > $3.4 billion

• Of this, Aurora’s addressable market > $450 million

4

Source: wikipedia.org/wiki/Growth_of_photovoltaics, May 2019Source: SolarMedia PV Manufacturing Quarterly Report, May 2019

Page 5: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Raw materialcosts

Profit

Manu-facturing

costs

We address an urgent customer needLost profit in manufacturing

• Increasing labour costs due to turnover and rising wage rates• Now driving adoption of automated

handling and inline measurement

• High raw material and processing costs relative to selling price• $6.5B industry-wide profit can be gained

with 3.5% relative quality improvement

5

CNY/Year

Page 6: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

How we do it

We provide INTELLIGENCE about our customers’ manufacturing line performance that allows

them to rapidly pinpoint and resolve deficiencies with confidence and precision

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This reduces costs and optimizes profits

Page 7: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Aurora solution

7

A B C

1) Get real-time data on variables

that affect finished solar cell quality

2) Link that data to actual manufacturing equipment behavior 3) Improve

equipment behavior to raise quality

MEASURE

VISUALIZE

CONTROL

Manufacturing stepsSilicon wafersFinished solar cells

Page 8: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Aurora solution

8

A B C

Manufacturing stepsSilicon wafersFinished solar cells

MEASURE

VISUALIZE

CONTROL

DMTM

measurement instruments

VisualizeTM process display and tracking software

InsightTM

end-to-end process analysis system

Page 9: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Company milestones

11

2009 2012-13 2014 2017 2018 2019

Aurora founded in May 2009

R&D / trialsCommercialization

Volume sales

Testing and qualification of DMTM IR-based measurement

technology

Volume sales start

outside China

“China 531”

policy slows sales

InsightTM

announced

China (Shanghai)

office openedSales initiated

Volume sales resume in China and elsewhere

DM-110e introduced for

China

Lead customer

development

Over 90 systems shipped, covering >17 GW of solar cell production and 30% of major manufacturers

R&D with Schott

Solar

Page 10: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Aurora installations worldwide

12

Over 90 systems shipped or on order Top-tier volume customers worldwide

Installed in PV cell productionR&D partners

Aurora locationsVancouver CanadaShanghai, PRC

Page 11: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Equity StructureShare price (June 30, 2019): $0.04

Market Cap: $3.5M

Common Shares: 88,176,925of which insiders and founding investors own: 25%

Warrants: 2,256,800 @ 0.075 expiring 11-15-20

Employee/Director Options: 5,505,000(W/A $0.07)

Fully Diluted: 95,938,725

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Page 12: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Five reasons to own ACU shares

1. Large and growing addressable market

2. Rapidly building sales in the largest solar market in the world – China

3. Dynamic, proprietary product roadmap to diversify and strengthen sales

4. Globally recognized team in the solar industry, respected and influential

5. Strong leadership and Board with track record of creating value

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Page 13: ACU presentation 190715 - Aurora Solartechaurorasolartech.com/content/.../07/ACU-presentation... · Five reasons to own ACU shares 1.Large and growing addressable market 2.Rapidly

© 2019 Aurora Solar Technologies Inc.

Contacts

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Gordon Deans, P.Eng.President & Chief Executive Officer+1 (778) 241-5000

IR ContactKelly Robinson+1 (604) [email protected]