spi energy co.,ltd

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INVESTOR PRESENTATION Q3 2021 Solar | Roofing | Battery Storage | EV | EV Charger SMART POWER INNOVATION Our Vision: a Renewable Greener World Smart Power to Innovate SPI ENERGY CO ., LTD NASDAQ TICKER: SPI

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Page 1: SPI ENERGY CO.,LTD

INVESTOR PRESENTATION Q3 2021

Solar | Roofing | Bat tery Storage | EV | EV Charger

S M ART P O W ER IN N O VATIO N

Our Vision:

a Renewable Greener World

Smart Power to Innovate

SPI ENERGY CO.,LTDNASDAQ TICKER: SPI

Page 2: SPI ENERGY CO.,LTD

INDEX

1. Executive Summary 3

2. Management Team 4

3. SolarJuice Residential Solar Division 6

4. SPI Solar Utility & Commercial Solar and Storage Division 8

5. Phoenix Motorcars EV Division 11

6. Financial Analysis 14

7. SPI Contact Information 18

PAGE 2

Page 3: SPI ENERGY CO.,LTD

EXECUTIVE SUMMARY

1. SPI Energy is an established renewable energy company with over 15 years’ experience in the Solar Energy and Electric Vehicle industries, which have large annual projected total addressable markets

2. Our worldwide operating base includes customers in North America, Asia, Europe and Australia

3. SPI generated nearly $140 million in 2020 revenue, is on the cusp of positive cash flow and is well -poised to become profitable as the Solar and EV markets continue to grow

4. SPI represents both a growth and value investment, as the company should exploit rapid future solar and EV growth and has a strong balance sheet and P&L compared to other companies in the solar and EV industries

5. The Company has a strong management team with deep solar and EV engineering and operations worldwide experience which can grow the three SPI businesses

PAGE 3

Page 4: SPI ENERGY CO.,LTD

PAGE 4

MANAGEMENT TEAM

Ex-Chairman of the Management Board and Chief Execut ive Officer of a publicly-list ed company

30 years of engineering and operat ion experience in the solar and e lect ronics indust ries

Maste r of Science in computer int egrat ed manufacturing from Nanyang Technological University,Singapore

Hoong Khoeng CheongCOO

CEO of Redwood Group Int e rnat ional since 2017 and senior partner of SAIF Xinhuihuang Asse t Management Co., Ltd since 2018

Served as the President and CFO of Fushi Copperweld, Inc from 2005 to 2016

Bachelor’s in English from the University of Science and Technology Beijing and MBA in Finance and Corporat e Account ing from University of Rochest e r

Chris WangSVP of Finance

Janet ChenCFO

20 years of experience in audit ing, account ing, business reorganizat ion, merger & acquisit ions, IPOs, and SEC report ing, including 7 years at a big int e rnat ional audit firm

Experienced in providing US GAAP re lat ed financial and int e rnal cont rol advisory services. She is a member of CICPA and FCCA

Bachelor degree in account ing from Shenzhen University

Denton PengChairman & CEO

One of the Pioneers & Ent repreneurs in Renewable Energy indust ry from early 2000

Led several companies going public in NYSE & Nasdaq over his career

20 years of Renewable Energy indust ry experience in solar, bat t e ry storage , EV and EV charging

Graduated from Beijing University Guanghua School of Management with an execut ive MBA degree

Randy CononeSVP Investor Re lat ions & Finance 30 years of experience as a finance

and legal professional

Previously served as Port folio Manager at Occasio Fund, and investment banker at Bear, St earns, and Oberon Securit ies

MBA in Finance from the University of Chicago, JD from the University of Virginia School of Law and a BSBA in Finance at The Ohio Stat e University

Dallas MeyerCTO of SolarJuice

Founder of Luxxtor Energy, a st art -up deve loping new solar module t echnology

Served as senior t echnical and operat ions leadership posit ions in TenKsolar, Seagate , WD, Finisar/ II-VI, and Lumentum

Ph.D. in Materials Science , Mechanics and Mathemat ics from the University of Wisconsin-Madison

Page 5: SPI ENERGY CO.,LTD

PAGE 5

MANAGEMENT TEAM

Start ed Solar career in 1998 with Solarex in sales, which lat e r merged with BP Solar

Worked in BP Solar for more than a decade

Co-founder of Solarjuice in 2009

Specializes in Handling Sales, Stock Movement , Cont ract s and Supply management

Andrew Burgess (Aust ralia)

Start ed Solar career in 1997 with Solarex & BP Solar. Worked in manufacturing, planning, raw material sales and global procurement

In 2007 est ablished t rading company to supply silicon material t o wafer and ce ll manufactures

Co-founder of Solarjuice in 2009, and Manages Supplie r Relat ionships and Marke t ing act ivit ies

Rami Fedda (Aust ralia)Chie f Supply Chain Office r of SolarJuice

Jack Lee (Singapore )Vice President of Global Project Deve lopment

Jack has vast experience in various indust ries especially in e lect rical and infrast ructure for t he last 25 years

Experienced manager in energy, indust ry infrast ructure project / maintenance and solar PV const ruct ion

Well-versed in project t ransact ion with numerous successful deals and project financing in Southeast Asia, t he UK and the US

Vassilis Orfanos (Greece) Vice President of European Asse t s Management

October 1996 - August 2011, Technical Consult ant of t he Chairman and Maintenance Manager at Th. Vassilakis Group of Companies (authorized repaire r for AEGEAN Airlines, HERTZ, SEAT, SAAB, OPEL, FORD)

January 2012 - today, Const ruct ion and Operat ion Management of SPI in Greece , managing 34MWp solar project s

Joe Mitchell CEO of Phoenix Motorcars

30 years of automot ive indust ry experience includes 20 years direct ly in the EV marke t . He st art ed his career with Ford Motor Company of Canada in Operat ions and Quality

In 2015, he took over as President and CEO of UQM and led the company to win several large commercial EV cont ract s

Chie f Operat ing Office r of SolarJuice

• 30 years of automot ive t echnology experience . Early career at Ford

• Joined Ballard Power in 1999 and Azure Dynamics in 2001. 2013 Co-founded Spur Innovat ions

• Served as COO of St reamline Transport at ion Technologies in 2016. Co-founded INTGR8 Technologies in 2020

Ronald IacobelliCTO of Phoenix Motorcars

Page 6: SPI ENERGY CO.,LTD

PAGE 6

SOLARJUICE RESIDENTIALSOLAR DIVISION

End-to-end clean energy solut ions for re sident ial and small commercial buildings

• Hardware and Software Design• Kit s and Component s Dist ribut ion• Consumer Sales and Service• Builder/Manufacture r Inst allat ion

Whole value chain expert ise for low-cost high pe rformance

SMART HOME ENERGY SOLUTIONS IN U.S.

Page 7: SPI ENERGY CO.,LTD

PAGE 7

SOLARJUICE RESIDENTIAL SOLAR DIVISION

Leading provider of solar and clean energy products and solutions in the Pacific region:

5,000+700B2B ACCOUNTS

ACTIVE CUSTOMERS

600+MW PANELS

1,400+MW INVERTERS

40+MW BATTERIES

Gained significant market share in Australia since launch in 2009

5,000+ B2B accounts since established and 700 active customers orderingmonthly

Delivered 600+ MW Panels, 1400+MW Inverters, and 40+MW Batteries

Page 8: SPI ENERGY CO.,LTD

PAGE 8

SOLAR UTILITY, COMMERCIAL SOLAR AND STORAGE DIVISION

Data Collection & OpportunityAssessment

Strategy & Detail, and Planning & Development

Financing & Construction

Operation &Transfer

SPI Solar (Solar Power Inc.) started in Sacramento, CA in 2006.

Focused on development , engineering, procurement , construct ion, and t ransferring of ut ility & dist ributed solar power plants, micro-grids, energy storage, and customized sustainable energy solut ions.

Delivered some of the most recognizable solar PV projects in the world, namely Sacramento King Stadium and Staples Center.

Est ablished long-t e rm re lat ionships with leading component supplie rs / EPCs to achieve best “price-to-performance” for our customers.

Our Aeroje t project was se lect ed by then California Governor Arnold Schwarzenegger t o se rve as a backdrop for a press confe rence where t he Governor signed an execut ive order calling for 33% of California’s energy to be de rived from renewable sources.

Commercial & Ut ilit y Solar Storage Project Deve lopment

Page 9: SPI ENERGY CO.,LTD

PAGE 9

Solar & Storage Marke t Solar PV generat ion increased 22% (+131 TWh) in 2019 and represented the second-largest absolute generat ion growth of all renewable technologies.

Solar PV is st ill on t rack to reach the levels envisioned in the IAE’s Sustainable Development Scenario, which will require average annual growth of 15% between 2019 and 2030.

SOURCE: IAE World Energy Outlook (October 2020)

OPERATING

620,242 MW of Solar55,300 MW of Storage

PLANNED

10,000,000 MW of Solar765,155 MW of Storage

SOLAR AND STORAGE GLOBAL TAM

Page 10: SPI ENERGY CO.,LTD

PAGE 10

ORANGE POWER GENERATION DIVISION

Independent Power Producer (IPP)

Power Grid

Sell Energy

• Init ial focus on European and U.S. marke t s

• Targe t marke t s feature est ablished and re lat ive ly st able regulatory environment s for solar

• Over $100M of equity invest ed in t hese project s

• Consist ent ly st able e lect ricit y sale cash flow

Orange Power Int roduct ion

Page 11: SPI ENERGY CO.,LTD

PAGE 11

PHOENIX MOTORCARS EV DIVISION

• Phoenix Motorcars is a leader in deve loping medium-duty e lect ric vehicles for commercial marke t s and EV charging solut ions

• Final St age manufacturer int egrat ing it s e lect ricdrive t rains into new commercial vehicle chassis

• 2.75 million+ miles of on-road experience

• Phoenix has built a t rust ed EV brand for t hemedium-duty commercial marke t

• American-made with t he majorit y of key component s sourced locally and with final assembly in California

• Offers a full range of resident ial and commercial EV charger solut ions

• Works with Icona to deve lop a next generat ion EdisonFuture branded pick-up t ruck with solar mosaic charging

Page 12: SPI ENERGY CO.,LTD

PHOENIX MOTORCARS EV DIVISIONEF1-T ELECTRIC PICKUP TRUCK COMING SOON

• Cooperation with ICONA• Cooperation with Global Leading Suppliers and OEMs• Global Supply Chain in Asia, Europe, and America

PAGE 12

Page 13: SPI ENERGY CO.,LTD

PAGE 13

Significant Marke t Opportunity

• Rapid Growth in EV

Pene t rat ion of t he

Medium Duty

(Class 4-6) Marke t

• EV pene t rat ion for t his

segment will reach

16% by 2030

Targe t ed Medium Duty US Sales Forecast

Source: IHS Market Data, Phoenix Management Estimate, Bloomberg New Energy Outlook

PHOENIX MOTORCARS EV DIVISION

Page 14: SPI ENERGY CO.,LTD

FINANCIAL ANALYSIS – SUM OF THE PARTS

• SPI has three major divisions, SolarJuice, SPI Solar and Phoenix Motorcars

• We believe that SPI receives a conglomerate discount; the three businesses combined in one entity results in SPI being undervalued by the market

• The company plans to significantly expand each of the three divisions

PAGE 14

Page 15: SPI ENERGY CO.,LTD

FINANCIAL ANALYSIS – ASSET VALUE

1. SPI has invested significant cash in its businesses, much of which has been invested in PP&E

2. Large solar assets portfolio in Greece, Italy, UK & Japan. Over $100M investment in the portfolio of Global Solar projects which generate $10m plus cash flow per year for up to 15 -20 years

3. Subsidiary Phoenix Motor, a leading manufacturer of medium -duty EV buses and trucks, made in California with 2.75 million+ miles of on -road experience

4. We believe that the book value of these PP&E assets significantly understate their market value, which is another component of the unlocked value of SPI

5. Company asset value or book value is an independent metric from the cash flow and P&L metrics upon which to value SPI

PAGE 15

Page 16: SPI ENERGY CO.,LTD

FINANCIAL ANALYSIS –COMPARABLE COMPANY VALUATION

(1) Deleted high and low outlier results for Solar comps , source data from Yahoo Finance.(2) Deleted high and low outlier and unavailable information for EV comps, source data from Yahoo Finance.• All data as of market close, July 16, 2021.

PAGE 16

Company Ticker Price/Sales Price/Book EV / Revenue EV / EBITDA Market Capitalization (in $B)Solar Industry

First Solar FSLR 3.3x 1.7x 2.9x 10.9x $8.876 SunPower Corp SPWR 3.9x 10.9x 3.6x 6.3x 3.908 Canadian Solar CSIQ 0.7x 1.5x 1.2x 29.4x 2.258 SolarEdge SEDG 8.9x 11.2x 8.5x 65.7x 12.295 Sunrun RUN 7.5x 1.6x 14.3x NM 9.452 Enphase Energy ENPH 28.3x 31.6x 26.1x 214.8x 22.180 Jinko Solar JKS 0.5x 1.8x 0.2x 5.9x 2.765 Daqo New Energy DQ 6.8x 6.0x 6.8x 20.5x 4.884 ReneSola SOL 5.6x 1.3x 4.3x 22.6x 0.492

Average (1) 5.2x 4.9x 5.9x 23.0x $7.457

Electric Vehicle IndustryFisker FSR 207.4x 4.3x 164.0x NM $4.526 Tesla TSLA 20.2x 27.2x 17.3x 132.8x 620.596 Lordstown RIDE NA 2.2x NA NM 1.508 Workhorse WKHS 709.3x 5.2x 668.5x NM 1.377 Lightning eMotors ZEV NA NA NA NA 0.490 XL Fleet XL 47.1x 2.4x 26.9x 10.9x 0.931 Nikola NKLA NM 6.0x 128.8x NM 5.542 Blink Charging BLNK 162.5x 6.0x 171.0x NM 1.278 Xpeng XPEV 23.9x 6.0x 2.8x NM 31.354 Li Auto LI 14.9x 6.1x 2.0x NM 27.429

Average (2) 92.2x 5.1x 85.1x 71.9x $8.271 SPI Smart Power Innovation SPI 0.7x 3.0x 1.2x 72.8x $0.135

Page 17: SPI ENERGY CO.,LTD

FINANCIAL ANALYSIS – SPI FINANCIAL METRICS

PAGE 17

NASDAQ TICKER: SPI

Fiscal Year DecemberIndustry Renewable Energy

Recent Price $5.66

Market Cap $134.3M

SharesOut. 23.9M

Float 14.4M

Avg. Volume (90-day) 1,113,019

Revenue(ttm ) $138.6M

GrossProfit (ttm ) $16.9M

Price/Book 3.0x

Price/Sales 0.7x

EV/ Revenue 1.2x

EV/ EBITDA 72.8x

As of July 16, 2021

Page 18: SPI ENERGY CO.,LTD

SPI ENERGY CO.,LTD.(NASDAQ GS:SPI)

US Operation Headquarter s4677 Old Ironside Drive, Suite 190Santa Clara, CA 95054 www.spigroups.com

INVESTORPRESENTATION

Denton PengChairman & [email protected]

Randy CononeSVP Investor Relations & [email protected]

Dave GentryCEO RedChipCompanies [email protected]

PAGE 18

Page 19: SPI ENERGY CO.,LTD

PAGE 19

This present at ion contains ce rt ain “forward-looking st at ement s” re lat ing to t he business of t he Company, it s subsidiarie s and the indust rie s t he

Company operat es in. Such forward-looking st at ement s can be ident ified by the use of forward-looking t e rminology such as “be lieves”, “expect s” or

similar expressions. The forward-looking st at ement s contained in t his present at ion include st at ement s regarding the Company’s abilit y t o execute

it s growth plan and mee t revenue and sales e st imates, and marke t acceptance of it s product s and se rvices. These st at ement s involve known and

unknown risks and uncert aint ie s, including, but not limit ed t o, general business condit ions, managing growth, and polit ical, regulatory and othe r

risks. All forward-looking st at ement s are expressly qualified in t he ir ent ire ty by this Caut ionary St at ement and the risks and othe r factors de t ailed in

t he Company's report s filed with t he U.S. Securit ie s and Exchange Commission. The Company undert akes no obligat ion to publicly update or revise

any forward-looking st at ement s, whe ther as a re sult of new informat ion, future event s or othe rwise , except as may be required under applicable

securit ie s law.

FORWARD LOOKING STATEMENTS

Page 20: SPI ENERGY CO.,LTD

APPENDICES - INDEX

1. SolarJuice Residential Solar Division 21

2. SPI Solar Utility & Commercial Solar and Storage Division 27

3. Phoenix Motorcars EV Division 31

PAGE 20

Page 21: SPI ENERGY CO.,LTD

PAGE 21

From Inst allat ion & Dist ribut ion to a Smart Energy Home Solut ion Provider

SOLARJUICE RESIDENTIAL SOLAR DIVISION

Solar Roof Storage ❯OEM Product s

Solar Bat t e ry Monit oringHardwareSoft ware WorldSt andardized Kit

One Time Transact ion ❯Long-t e rm Energy Management Services

In-house Sales & Inst allat ion ❯Quick Expansion into New Marke t s

Roofing EV Charge r

WE ARE EVOLVING

Page 22: SPI ENERGY CO.,LTD

PAGE 22

Research and Product Deve lopment

Livermore , CA, USA

Sydney, Aust ralia

HISTORY OF INNOVATIONS

2015 OpalSolar product s re leased (Aust ralia)

2017 OpalStorage product line re leased (Aust ralia)

2017 Solar4America notched polymer roofing bat t en with measured de t achable sect ions pat ented

2021 Solar4America solar module & energy storage syst em (USA)

2021 Cloud based hardware monitor and maintenance plat form

SOLARJUICE RESIDENTIAL SOLAR DIVISION

Innovat ions Mee t The Marke t

Page 23: SPI ENERGY CO.,LTD

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Offering Tomorrow

Offering TodayAust ralia

CaliforniaColoradoFlorida

NevadaTexas

Unit ed St at es

+ New Zealand & Pacific Region

Caribbean and Other American Marke t s Through Dist ribut ion

• Brand equity: Recognized brand in CA and Sunbelt

• Installation expertise: One of t he leading renewable energy companies with cont ract s in CA, NV, CO, TX, and FL

• Favorable policy environment: CA law, e ffect ive 2020, mandat es homebuilders t o pre -inst all solar syst ems

• Positioned in future growth markets: TX/ FL/ CO/ NV

Solar4America – The Value

SOLARJUICE RESIDENTIAL SOLAR DIVISION

Page 24: SPI ENERGY CO.,LTD

PAGE 24

• The pane ls are produced by ISO 9001 and ISO 14001 ce rt ified facilit ies

• Back-to-back warranty agreement s provide peace of mind

OpalSolar

Opal Switch

Advanced Bat t e ry Energy Opal Swit ch offe rs single phase invert e rs, for smalle r resident ial users. It is a comple t e package t hat is small, light -weight with a maximum performance e fficiency of 98.2%

The Opal family of clean energy product s:• Tier 1 manufacturers• Proprie tary Design• Independent qualit y cont rol

and independent factory acceptance t est ing

• Local t echnical support in Aust ralia

AUSTRALIA

SOLARJUICE RESIDENTIAL SOLAR DIVISION

80% of SPI Revenue

Page 25: SPI ENERGY CO.,LTD

PAGE 25

S4A-360

• 9BB half-cut ce ll t echnology

• Significant ly lowers the risk of hot spot s

• Excellent Ant i-PID performance two t imes indust ry st andard

• No water-permeabilit y and high wear-resist ance , can be wide ly used in high-humid, windy and dusty areas

• IP68 junct ion box with high waterproof leve l

120 Half-Cell9BB Half-cut Mono PERCFull Black360W

San Jose Earthquakes Sponsorship San Jose Earthquakes Avaya St adium Solar Array

Resident ial Solar Module

SOLARJUICE RESIDENTIAL SOLAR DIVISION

Page 26: SPI ENERGY CO.,LTD

PAGE 26

• Fully cert ified for US marke t

• 80KWH and 30KW capacity highly int egrat ed all-in-one syst em

• AC coupled for fast inst allat ion

S4A Energy Storage Syst em

for commercial buildings

Se lf Designed Storage Bat t e ry Product s

Aust ralia’s Favorit e --OpalStorage

• Advanced Bat t e ry Energy Storage (BESS+)

• Designed by SolarJuice• Highly int egrat ed design

includes bat t e ry, BMS, invert e r in cabine t , solar array DC swit ch

S4A-HYBRID Energy Storage Syst em For resident ial buildings

• The S4A-HYBRID is designed for both DC and AC hybrid working mode

• Int e lligent remote monitoring and maintenance

• 2, 3 or 4 MPPT per invert e r• Max Efficiency up to 98.24%

• Highly re liable BMS designed

• Cert ified and comply with lat est CA rule 21 smart grid requirement s

• Modular BMS design for easy capacity expansion

SOLARJUICE RESIDENTIAL SOLAR DIVISION

Page 27: SPI ENERGY CO.,LTD

PAGE 27

SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION

0.71MW in Sacramento, CA 0.53MW in New Jersey, NJ

6.35MW in Japan 5.88MW in It aly

7.8MW in Palm Springs, CA

731kW California ISO, Folsom, CA

47.73MW in UK

0.51MW in Los Ange les, CA

4.9MW in Whit e Rose , CA 1.75MW Temescal Canyon RVTemescal, CA

1.8MW BPUSD Series Project, CA

158 kW 20th Century FoxLos Ange les, CA

Page 28: SPI ENERGY CO.,LTD

PAGE 28

SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION

Oregon: Community Solar

• 18MW -DC port folio in Great e r Port land Area

• Community Solar allows homeowners and businesses t o subscribe t o an offsit e solar farm for t he ir e lect ricit y

Hawaii : Tranche 1 Projects(Total 6.9MW)

Hawaii: Tranche II Projects(Total 4.7MW)

Hawaii : Tranche III Projects (Total 10.27MW )

Massachusetts: Energy Storage ProjectMA Lovers Lane (6.5 MW) solar photovolt aic (PV) and 5.45 MWh energy storage project in Massachuse t t s

SOLAR STORAGE PROJECT DEVELOPMENT PIPELINE

Page 29: SPI ENERGY CO.,LTD

PAGE 29

SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION

and Others

Utilities, Commercial &

Industrial (C&I)

Development Product ion Consumpt ion

Planning

Development

Const ruct ion

Operat ion

Acquisit ion

Consumpt ion

Elect ricit y Product ion & Sale

Dist ribut ion

End Customer Servicing

Orange Power Business

Page 30: SPI ENERGY CO.,LTD

PAGE 30

Exist ing Project s and Current Project Pipe line

Greece12 Project s

7.47 MW

U.K.2 Project s

8.1 MW

Hawaii29 Project s

12.2 MW

Oregon6 Project s17.5 MW

In Operation (16.8 MW) Current Pipeline (29.7 MW)

(future target pipeline)U.S.A.

Timeframe: 2023-202530 Project s 420.0 MW

Italy1 Project1.0 MW

Japan1 Project0.3 MW

MASSERIA SIERO STINGE, LATERZA – 0.993 MW

TURIFF, ABERDEENSHIRE, AB53 - 3.09 MW

THERMI SUN SA, GREECE – 4.4MW

SPI SOLAR UTILITY & COMMERCIAL SOLAR AND STORAGE DIVISION

Page 31: SPI ENERGY CO.,LTD

PAGE 31

EV Solut ion Business Phoenix Motorcars

• Phoenix Motorcars is dedicat ed to accelerating the adoption of clean transportation t hrough advanced technology solutions, while making the plane t a be t t e r place

• Phoenix is one of t he largest manufacturers of medium duty electric vehicles in t he US, with customers across a wide range of applicat ions including cities, transit agencies, airports, campuses and other commercial fleets

• Provides EV charger AC/DC solut ions with a compet it ive package

• Phoenix assist s customers with all t he ir clean energy requirement s including infrast ructure , solar solut ions and clean energy financing

PHOENIX MOTORCARS EV DIVISION

Page 32: SPI ENERGY CO.,LTD

PAGE 32

PHOENIX MOTORCARS EV DIVISION

Product Port folio• Leading manufacture r of all-e lect ric ze ro emission

medium duty vehicles built in t he US

• Built on the Ford E-450 chassis, Phoenix offe rs a wide range of product s including shut t le buses, ut ilit y t rucks, se rvice t rucks, flatbed t rucks, walk-in vans, cargo t rucks and school buses

• American-made and Buy America compliant with majority of key component s sourced locally and final assembly in California

Our Flee t of EV’sOver 2.75 million zero emission miles , reducing 6.6+ million pounds of carbon emissions,equivalent t o 3,400+ acres of carbon sequestering forest and saving over $1.2 million in fuel costs for customers

Page 33: SPI ENERGY CO.,LTD

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Vision for Medium - Duty Zero Emission Transport at ion Marke t

Short Term – Int egrators

Medium Term Glide rs /In Line Product ion

Long Term - Ground Up Designs

Preferred by Transit Agencies, School Buses, Ut ilit y Truck Flee t s and Custom Truck Bodies

Preferred by Last Mile Delivery Flee t s & Few Shut t le Flee t s

A Mix Of Legacy Chassis & Ground Up EV Cent ric Designs

Large Fleet Deployments

Autonomous E -450 Shuttle Bus:

• Awarded FTA grant t o deve lop a Level 4 Autonomous all-e lect ric

shut t le bus in partnership with a leading AV t echnology company

New Products: Development of New Drivetrains

Develop Own Chassis / Ground -up Products

Collaboration with Global OEMs for New EV Launches in the US

Market

Delivery Fleet Deployment:

• Phoenix is working with various large last -mile de livery and

service flee t s t o he lp t hem swit ch t o zero emission t rucks

PHOENIX MOTORCARS EV DIVISION

Page 34: SPI ENERGY CO.,LTD

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OUR PARTNERSHIPS

PHOENIX MOTORCARS PRODUCTS

Electric Type A School Bus Configuration Options MFSAB Int e rior and exterior

camera syst em Int egrat ed child booste r seat s GPS WIFI for passengers

Electric Shuttle Bus Configuration Options Perimeter seat ing Forward facing seat s ADA wheelchair access Luggage racks All accessories

available on ICE shut t les

ZEUS 500 – Elect ric Truck Opt ions

ZEUS 400 – Elect ric Shut t le BusZEUS 600 – Elect ric Type A School Bus

Flatbed TruckParcel / Cargo Truck

High Roof - Utility Truck

Short Roof - Utility Truck

Service Truck Box Truck

OUR CUSTOMERS

EZ ZEUS – AutonomousElect ric Shut t le

Page 35: SPI ENERGY CO.,LTD

EF1-T ELECTRIC PICKUP TRUCK COMING SOONSolar Mosaic

The uniquely designed solar mosaic panel provides a stunning visual

signature, while also harnessing the power of the sun to recharge the

batteries

Armadillo Armor

For added solar-capturing power, an integrated solar panel can be pulled out over the rear bed, like an armadillo’s outer shell. It also

can be locked into place to protect valuables inside.

Easy-Entry Side Step

Entry into the pickup is easy with a motorized motion -

activated side step.

Liftgate Backup Camera

A backup camera mounted on the liftgate allows for all -around visibility

when in reverse.

Tie-Down Hooks

Tie down hooks have been thoughtfully placed throughout the bed to help in

securing any payload.

Wing Mirror Cameras

Replacing a standard wing mirror with cameras allow for a sleek, more

discrete profile.

PAGE 35

Page 36: SPI ENERGY CO.,LTD

EF1-T ELECTRIC PICKUP TRUCK COMING SOON

PAGE 36

Page 37: SPI ENERGY CO.,LTD

EF1-T ELECTRIC PICKUP TRUCK COMING SOON

Interior Ambient LightingLighting strips inside the upper door and

dashboard create a warm ambient embrace around the occupants

Roof-Mounted Y -Frame Reading and Ambient LED Lights

Integrated LED reading lights into a Y -frame chrome strip give light to each

row, while a larger ambient light above basks the entire cabin in light.

17.5” Infotainment Screen

The floating 17.5” infotainment touchscreen provides controls for climate, music, truck diagnostics,

and more.

Pillar-Mounted Interior Mirror Camera Screens

Pillar-mounted 7 -inch displays allow for a clear view of the road and obstacles behind, regardless

of weather condition.

Interior Solar Mosaic

The uniquely designed solar mosaic panel provides a stunning visual signature, while

also harnessing the power of the sun to recharge the batteries, supplementing the

roof solar mosaic

Door-Mounted Toolbox

The aluminum-clad toolboxes mounted to each door panel allow for extra storage that can be easily

removed on -the -go.

PAGE 37

Page 38: SPI ENERGY CO.,LTD

PAGE 38

Product Port folio

• Level II AC Charger Clipper Creek – CS-100 J1772 AC Single Port Charger

• Single Port J1772 st andard

• Input Volt age : 208V AC Single Phase

• Output Power: 80 Amps 13 kW

Leve l III DC Charger BTC Power – CHAdeMO DC Dual Port Fast Charger

• Dual Port – CHAdeMO and CCS

• Input Power: 480 VAC or 208 VAC, 3-Phase

• Nominal Output DC Volt age : Up to 125 Amps @ 400 V

• Charge from 20-60% in ~ 1 Hour

EV Charging Solut ions

PHOENIX MOTORCARS EV DIVISION

Page 39: SPI ENERGY CO.,LTD

EV CHARGING SOLUTIONS

Medium Voltage DC Charger30KW WALLBOX CHARGING STATION

• Efficient: 30kW of Power on a 50A Hookup

• Simple Air-Cooled Power Electronics• FRU Onboard Diagnostics: Easy to

Service• OCPP 1.6: Industry Standard for EVSP• 24-7 Networking Support• 2 year Warranty

P-Home-Charger Wall Mount11KW AC CHARGING STATION

• Efficient: Energy Star Certified• OCPP 1.6 Protocol, Upgradable to OCPP

2.0• 24-7 Networking Support• 2 year Warranty• Extended Warranty Option

All EV Chargers have an Extended Warranty Option.

Product Portfolio

• Leve l II AC Charger Clipper Creek – CS-100 J1772 AC Single Port Charger

• Single Port J1772 st andard• Input Volt age : 208V AC Single Phase• Output Power: 80 Amps 13 kW

Level III DC Charger BTC Power –CHAdeMO DC Dual Port Fast Charger

• Dual Port – CHAdeMO and CCS• Input Power: 480 VAC or 208 VAC, 3-

Phase• Nominal Output DC Volt age : Up to 125

Amps @ 400 V• Charge from 20-60% in ~ 1 Hour

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Pedestal Single & Dual AC Charger30AMP AC CHARGING STATION

• Efficient: Energy Star Certified• Easy to Repair: Reduced downtime• Rust Proof, 6061 Aluminum: Protect

Investment• No Bollards Required: Reduces

Install Cost• 24-7 Networking Support• 2 Year Warranty

EV CHARGING SOLUTIONS

Wall Mount Single & Dual AC Charger30AMP AC CHARGING STATION

• Efficient: Energy Star Certified• Easy to Repair: Reduced

downtime• Rust Proof, 6061 Aluminum:

Protect Investment• No Bollards Required: Reduces

Install Cost• 24-7 Networking Support• 2 Year Warranty

Standard to High Power DC Charger60, 120, 150 & 180KW CHARGING STATIONS

• Simple Air-Cooled Power Modules• Easy to Maintain• Parallel Charging Feature Coming Soon• Air Cooled Cable• OCPP 1.6J• 24-7 Networking Support• 2 year Warranty

All EV Chargers have an Extended Warranty Option.PAGE 40

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EV CHARGING SOLUTIONS

Networked EV Charging Station with High Brightness Digital Signage Display

• Full HD LED 55’’ Video Display• Wide Viewing Angle• Sleek, Carbon Steel IP55 Enclosure• Integrated High Output Speakers• Built -In Dual Port, Level 2 EV Charging

Stations• Fast Charging Activation - Via driver’s

smartphone, or RFID fob.• Powerful Cloud -Based Charging Network• LCD Displays for driver charging session

information• OCPP 1.6J compliant

All EV Chargers have an Extended Warranty Option.

On/Off Grid Solar+ Bat t e ry Storage + EV Charging Solut ions

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