Neo Solar Power Corp. (3576 TT)
Professional maker of QUALITY solar cells

Company Presentation
March 2012

Safe Harbor Statement
This presentation may contain various forward-looking statements andinclude assumptions concerning Neo Solar Power Corp. (NSP)’s operations,future results and prospects. These forward-looking statements are basedon current expectations and are subject to risk and uncertainties. NSP
provides the following cautionary statement identifying important factors
which, among others, could cause the actual results or events to differ
materially from those set forth or implied by the forward-looking statements
and related assumptions.
Such factors and other risks are discussed in greater detail in the NSP’sfilings with the Securities and Futures Bureau of the Financial Supervisory
Commission, Executive Yuan, R.O.C. and the Taiwan Stock Exchange Corp.

Outline Overview
 Operation Highlights
 Financial Performance

NSP Corporate Overview
NSP (3576 TT) is a leading Taiwanese solar energy company and one of the world’s largest PV cells
manufacturers. NSP is engaged in development, manufacture and sale of high quality PV cells andmodules to worldwide markets, including Europe, Asia, Japan, and North America.

Key Facts World Tier 1 solar cell maker Founded in 2005, headquarter in Hsinchu, Taiwan
 Listed in Taiwan Stock Exchange (January, 2009) Annual Capacity:

1.3GW (2011)

 Products: Mono- / Multi-Crystalline Solar Cells and Modules
 Employees: 1700 + Worldwide top-3* merchant cell company by revenue in 2011

*Photon Consulting 2011 Oct.
1 NSP Proprietary

Commitment to Outperform

Operation Sites
Type

Installed Capacity Max.
(MW)

Location
FAB 1: Hsinchu Industrial Park, Taiwan

CellModule

FAB 2 & HQ: Hsinchu Science Park, Taiwan
FAB 3: Tainan Tech. Industrial Park
Hsinchu, Taiwan
FAB 1

2 NSP Proprietary

120730 (750 Max.)450 (3700 Max.)
50

FAB 2

FAB 3

Well Positioned in the Solar Value Chain
Poly-silicon

Wafer

Solar Cells

Module

1.3GW

50MW

In-house Wafer(pending)

300MW





Leverage on Taiwan advantage
Well-positioned in supply chain with superior process management and quality control
More than 25 years technical expertise that covers all disciplines of the PV industry
Well-recognized by worldwide customers for high quality products
Planning to step into system project in 2012

Note: Capacity level by 2011 year-end.
3 NSP Proprietary

SystemCompany Awards and Recognition
Recognized by National Brand Yushan Award
Top-notch Corporation Award
Best Product Award



Elected as new head of the Taiwan Photovoltaic Industry
Association (TPVIA)

Oct. 2011

Aug. 2011

June 2011

2011

2011

Dr, Sam Hong, President and COO of NSP has elected as newhead of TPVIA

Recognized by Business Next Magazine
Top 8 of Taiwan Top 100 Tech company

Recognized by Deloitte & Touche
NSP was awarded Deloitte’s Asia Pacific Technology Fast 500 in 2011
for third consecutive year.

2009 ~ 20112011

2009

Top 6 among Technology Fast 500 Ranking and CEO Survey in 2009
May 2009

4 NSP Proprietary

Recognized by CommonWealth Magazine
Top 3 Best Growth Manufacturer
Top 8 in Operation Efficiency(measured by revenue, profit growth, and ROE )2009

Experienced Management Team
Dr. Quincy Lin

Dr. Sam HongChairman and CEOPresident and COO

30+ years of experience in high techmanagement

Senior Vice President of Taiwan Semiconductor
Manufacturing Company (“TSMC”)

30+ years of experience in PV solar energy

Elected as new head of the Taiwan PhotovoltaicIndustry Association (TPVIA) in 2011Research Head of PV Solar Energy Division at theIndustrial Technology Research Institute (“ITRI”)

Andy Shen

Dr. Alex Wen

Marco Hu

Thomas Hsu

Albert Jen-Yue Wang

Sr. Vice President ofWorldwide Sales &Marketing 25+ years of experiencein semiconductor
engineering, sales, andmarketing Senior Director, TSMC;
President, TSMC-Europe

Sr. Vice President of Wafer

Sr. Vice President ofSr. Vice President ofBusiness 15+ years of experiencein silicon-materialtechnology
 Manager, Industrial
Technology ResearchInstitute (“ITRI”)

Supply Chain Management 30+ years of experiencein high-tech production &general management
 President of Tynsolar;
Product Marketing
Manager at HP; PlanningManager & Production
Manager at TI

Sr. Vice President and CFO
 25+ years experience inthe financial area withvarious industries Group CFO, Tatung;
CFO, Innolux

StrongStrongSemiconductor
SemiconductorIndustry
IndustryExperience
Experience
5 NSP Proprietary

Operation
 20+ years of experiencefrom engineering toproduction management
 TSMC for 15 years since1987++ VastVastSolar
SolarDevice
DevicePhysics
PhysicsExpertise
Expertise ++ Entrepreneurial
EntrepreneurialSpirit
SpiritOutline Overview
 Operation Highlights
 Financial Performance

Strong Growth Momentum
NSP Manufacturing Capacity Expansion and Shipment Trend
Year End Capacity(MW)(Shipment)
2,000

16%
1:R
AG : 112%
Ccity CAGRap
Ca ment
1
1–20 1 Ship
7020 –201
7200

1,500

1,000

450

720

730

240MW
(201MW)

30

60

140
100

140
100

110120

2006

2007

2008

2009

2010

2011

FAB 3Shipment (MW)

30MW

60MW
(36MW)FAB 1

7 NSP Proprietary

830MW(526MW)

240MW(102MW)

500

0

1.3GW
(733MW)

FAB 2

Manufacturing ExcellenceYears of experience in PV device
development and semiconductor
manufacturingCompetitive manufacturing costHigh productivity

High yieldUnparalleled cosmetic appearance
and color uniformity

8 NSP Proprietary

Strong R&D Capability World leader in efficiency and yield Advanced characterization based onyears of experience insemiconductor device physics foroptimized performance Excellent manufacturability andreliability to shorten time to market
 Customer oriented technology roadmap to support advanced products
and partnership
9 NSP Proprietary Overview
 Operation Highlights
 Financial PerformanceShipment and Revenue Growth
Net Sales

Shipment(US$ m n)
800(MW)
12
7.
1%

800

600=700
600

CA
G

R

500
400

08–10500
4000–180GR
A
C=%.7
40

300

300
200

200

1000100

2008

2009

2010

Solar cells and Modules Sold

Note: FX rate of US$1=NT$30.29 used, as of Dec 30, 2011.
21 NSP Proprietary

680

700

2011

02008

2009
Net Sales

2010

2011

Operating Performance
Net Income

Gross Profit(US$mn)

20%

160
18.5%

18%(US$mn)

40%
120
92.7

16%
120

14%

127

90
20%

12%
13.5%

60
10%

80

8%

8.2%

28.9
30

-96.18
2011

8.2%

6%
40

28.5

4%
0.3%
0.9

0-11.1%)

2%
2011(30)0%0(39.6)-14.15%-20%-2%
20082009(60) 2008

2010

-40

22 NSP Proprietary0%

Gross Profit

2009

2010

-4%
-69.9

-6%-10.28%-8%(90)

Net Income

Net Income Margin

Gross Margin
Note: FX rate of US$1=NT$30.29 used, as of Dec 30, 2011.

Thank You
Neo Solar Power Corp.
No. 7, Li-Hsin 3rd Rd. , Hsinchu Science Park , Hsinchu , Taiwan
Tel: +886.3.5780011 Fax: +886.3.5781255
www.neosolarpower.com