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SLIDE
NUMBER
|
SLIDE
DESCRIPTION |
FORMAT
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DATA
FREQUENCY
|
REVIEW
PERIOD
|
|
1
|
REPORT
TITLE |
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2
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LICENSE
AGREEMENT |
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3
|
CONTENT
OUTLINE |
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4
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EXECUTIVE
SUMMARY |
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5
|
First
Quarter 2010 Industry Environment |
Text
|
Q1
2010
|
Q1
2010
|
|
6
|
Global
Indicators
-
Global Market Demand (GW)
-
Module Production (GW)
-
Total Module Capacity (GW)
-
Module Inventory (MW)
-
EU c-Si Factory Gate Price (Euro/W)
-
US c-Si Module Gate Price (Dollar/W)
-
EU c-Si to Thin Film Price Multiplier
|
Table
|
Q1
2010
|
Q1
2010 vs
Prior Quarter vs
Prior Year Quarter
|
|
7
|
Key
Issues for Outlook Period
(Fourth Quarter 2009, First Quarter 2010) |
Text
|
Quarterly
|
Q1
- Q2 2010
|
|
8
|
PV
MARKET DEMAND |
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|
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|
9
|
World
PV Market Demand (MW) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
10
|
World
PV Market Demand by Region (MW) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
11
|
PV
Market Demand By Region (MW) |
Pie
Charts
|
Two
Quarters
|
Q1
2009 vs. Q1 2010
|
|
12
|
European
PV Market Demand by Major Country Markets (MW) |
Pie
Charts
|
Two
Quarters
|
Q1
2009 vs. Q1 2010
|
|
13
|
Market
Demand Drivers: Germany |
Text
|
Q1
2010
|
Q1
2010
|
|
14
|
Market
Demand Drivers: Belgium, Czech Republic, France |
Text
|
Q1
2010
|
Q1
2010
|
|
15
|
Market
Demand Drivers: Greece, Italy |
Text
|
Q1
2010
|
Q1
2010
|
|
16
|
Market
Demand Drivers: Spain |
Text
|
Q1
2010
|
Q1
2010
|
|
17
|
Market
Demand Drivers: United States |
Text
|
Q1
2010
|
Q1
2010
|
|
18
|
Market
Demand Drivers: Japan |
Text
|
Q1
2010
|
Q1
2010
|
|
19
|
Market
Demand Drivers: Rest of World |
Text
|
Q1
2010
|
Q1
2010
|
|
20
|
PV
INDUSTRY SUPPLY |
|
|
|
|
21
|
Crystalline
Silicon/Thin Film Module
Production (MW) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
22
|
Module
Manufacturer Category Definitions |
Text
|
|
|
|
23
|
Module
Production (MW) by Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
24
|
Module
Production Growth (MW)
by
Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
25
|
Module
Market Shares by Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
26
|
PV
Module Production Growth by Manufacturer Category
(MW) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
27
|
Top
14 Cell/Module Production by Company (MW) |
Table
Data
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
28
|
Module
Production by Manufacturer Category (MW) |
Bar
Chart
|
Quarterly
|
Q1
2009 vs Q1 2010
|
|
29
|
Determinants
of Module Inventory Movement
-
Module Production
-
Module Shipments
-
Market Demand |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
30
|
Module
Inventory Levels (MW) |
Table
Data
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
31
|
Movement
in Upstream and Downstream Module Inventories (MW) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
32
|
Upstream
Module Inventory Days |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
33
|
Downstream
Module Inventory Days |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
34
|
MANUFACTURING
CAPACITY/UTILIZATION |
|
|
|
|
35
|
PV
Crystalline Silicon Chain Capacities (MW) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
36
|
PV
Crystalline Silicon Chain Capacity Quarter on Quarter
Growth |
Pie
Charts
|
Two
Quarters
|
Q1
2009 vs Q1 2010
|
|
37
|
Total
Cell Manufacturing Capacity (C-Si and Thin Film) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
38
|
Major
Production Capacity Adjustments |
Text
|
Quarter
|
Q1
2010
|
|
39
|
Major
Production Capacity Adjustments |
Text
|
Quarter
|
Q1
2010
|
|
40
|
Major
Production Capacity Adjustments |
Text
|
Quarter
|
Q1
2010
|
|
41
|
Cell
Manufacturing Capacity Growth Rate Quarter on Quarter |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
42
|
Capacity
Utilization
-
Polycrystalline,
-
Wafer,
-
Cell,
-
Module, and
-
Thin Film
|
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
43
|
Capital
Expenditure by PV Crystalline Chain Segment ($'M) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
47
|
Total
Thin Film Capital Expenditure ($'M) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
49
|
INDUSTRY
FACTORY GATE PRICING |
|
|
|
|
50
|
Factory
Gate Pricing Summary Commentary |
Text
|
Q3
2009
|
Q1
2010
|
|
51
|
Polysilicon
Pricing (Spot, Short Term, Long Term) |
Line
Chart/Table
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
52
|
Wafer
Short Term Contract Pricing |
Line
Chart/Table
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
53
|
Cell
Short Term Contract Pricing |
Line
Chart/Table
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
54
|
Module
Factory Gate Prices: Europe
-
High Efficiency Crystalline Silicon
-
Japanese/Western Crystalline Silicon
-
Chinese Majors
-
Emerging Brands
-
High Efficiency Thin Film |
Line
Chart/Table
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
55
|
Module
Factory Gate Prices: United States
-
High Efficiency Crystalline Silicon
-
Japanese/Western Crystalline Silicon
-
Chinese Majors
-
Emerging Brands |
Line
Chart/Table
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
56
|
Europe
vs. United States Factory Gate Module Price Differential |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
57
|
Summary
of PV Chain Segment Value Added (in Euros) |
Bar
Chart/Table
|
Quarterly
|
Q1
2009 vs Q1 2010
|
|
58
|
Summary
of PV Chain Segment Value Added (in Dollars) |
Bar
Chart/Table
|
Quarterly
|
Q1
2009vs Q1 2010
|
|
59
|
MANUFACTURING
COSTS |
|
|
|
|
60
|
PV
Chain Production Costs (including depreciation)
-
Leading Western/Japanese
-
Leading Chinese/Taiwanese
-
High Efficiency Crystalline
-
High Efficiency Thin Film
|
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
61
|
Crystalline PV Chain Production Costs: Percentage
Change |
Line
Graph
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
62
|
Crystalline
Silicon Chain Production Cost Breakdown Q1 2009
Leading
Western/Japanese versus Leading Chinese/Taiwanese
|
Pie
Charts
|
Q1
2010
|
Q1
2009
|
|
63
|
Crystalline
Silicon Chain Production Cost Breakdown Q1 2010
Leading
Western/Japanese versus Leading Chinese/Taiwanese
|
Pie
Charts
|
Q1
2010
|
Q1
2009
|
|
64
|
Crystalline
Silicon Module Production (Cash Cost)
Leading
Western/Japanese versus Leading Chinese/Taiwanese
|
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
65
|
C-Si
Production Cost Premium over Thin Film (incl. depreciation) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
66
|
INDUSTRY
FINANCIAL PERFORMANCE |
|
|
|
|
67
|
Global
PV Industry Revenues |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
68
|
PV
Crystalline Revenues by Upstream Segment |
Stacked
Bar Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
69
|
PV
Crystalline Revenues by Upstream Segment |
Four
Bar Charts
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
70
|
Thin
Film vs Crystalline Revenues ($M) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
72
|
Module
Revenues by Manufacturer Category ($M) |
Bar
Chart
|
Quarterly
|
Q1
2009 vs Q1 2010
|
|
71
|
Benchmark
Company Revenues: Vertically Integrated ($M) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
72
|
Benchmark
Company Gross Margins: Upstream
-
Polysilicon
-
Wafer
-
Cell
-
Module |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
73
|
Module
Manufacturer Gross Margins by Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
74
|
Downstream
Systems Performance (Revenues/Gross Margins) |
Bar
Chart
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
75
|
Benchmark
Company Net Margins: Crystalline Chain |
Bar
Charts
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
76
|
Benchmark
Company Net Margins: Vertically Integrated |
Bar
Charts
|
Quarterly
|
Q1
2009 to Q1 2010
|
|
77
|
SHORT
TERM OUTLOOK
(Second
Quarter - Fourth Quarter 2010)
|
|
|
|
|
78
|
Global
Supply/Demand Environment |
Text
|
Quarterly
|
Q2
to Q4 2010
|
|
79
|
Total
Market Demand Projection (MW) |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
80
|
Demand Projection by Major Market (MW) |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
81
|
Market
Demand Outlook: Germany |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
82
|
Market
Demand Outlook: Rest of Europe (Belgium, Czech Republic) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
83
|
Market
Demand Outlook: Rest of Europe (France) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
84
|
Market
Demand Outlook: Rest of Europe (Greece) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
85
|
Market
Demand Outlook: Rest of Europe (Italy) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
86
|
Market
Demand Outlook: Rest of Europe (Greece) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
87
|
Market
Demand Outlook: Rest of Europe (Spain) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
88
|
Market
Demand Outlook: United States |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
89
|
Market
Demand Outlook: United States |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
90
|
Market
Demand Outlook: Japan (1) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
91
|
Market
Demand Outlook: Japan (2) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
92
|
Market
Demand Outlook: Rest of World (1) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
93
|
Market
Demand Outlook: Rest of World (2) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
94
|
C-Si
and Thin Film Global Module Production (MW) |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
95
|
Module
Supply/Demand Balance (MW) |
Line
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
96
|
Upstream/Downstream
Inventory Quarter on Quarter Change (MW) |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
97
|
Upstream/Downstream
Inventory Days |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
98
|
Manufacturing
Capacity (MW)
-
Polysilicon (available to solar)
-
Wafer
-
Cell
-
Module |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
99
|
Manufacturing
Capacity Utilization |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
100
|
Module
Factory Gate Prices: Europe |
Line
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
101
|
Module
Factory Gate Prices: United States |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
102
|
C-Si
to Thin Film Differential in Europe |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
103
|
Value
Added by PV Chain Segment in Europe (in Euros) |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
104
|
Value
Added PV Chain Segment in United States (in Dollars) |
Bar
Chart
|
Quarterly
|
Q2
to Q4 2010
|
|
105
|
Key
Messages (1) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
106
|
Key
Messages (2) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
107
|
Key
Messages (3) |
Text
|
Two
Quarters
|
Q2
to Q4 2010
|
|
108
|
APPENDIX:
CORPORATE FINANCIAL RESULTS |
|
|
|
|
109
- 117
|
Twenty
Four PV Companies
-
Revenues
-
Gross Profit
-
Net Income |
Bar
Charts
|
Quarterly
|
Q1
2010
|
