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SLIDE
NUMBER
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SLIDE
DESCRIPTION |
FORMAT
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DATA
FREQUENCY
|
REVIEW
PERIOD
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1
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REPORT
TITLE |
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2
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LICENSE
AGREEMENT |
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3
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CONTENT
OUTLINE |
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4
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EXECUTIVE
SUMMARY |
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5
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Third
Quarter Industry Environment |
Text
|
Q4
2009
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Q4
2009
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6
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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
|
Q4
2009
|
Q4
2009 vs
Prior Quarter vs
Prior Year Quarter
|
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7
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Key
Issues for Outlook Period
(Fourth Quarter 2009, First Quarter 2010) |
Text
|
Quarterly
|
Q1
- Q2 2010
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8
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PV
MARKET DEMAND |
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9
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World
PV Market Demand (MW) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
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10
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World
PV Market Demand by Region (MW) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
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11
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PV
Market Demand By Region (MW) |
Pie
Charts
|
Two
Quarters
|
Q4
2008 vs. Q4 2009
|
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12
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European
PV Market Demand by Major Country Markets (MW) |
Pie
Charts
|
Two
Quarters
|
Q4
2008 vs. Q4 2009
|
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13
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Market
Demand Drivers: Germany |
Text
|
Q4
2009
|
Q4
2009
|
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14
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Market
Demand Drivers: Belgium, Czech Republic, France |
Text
|
Q4
2009
|
Q4
2009
|
|
15
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Market
Demand Drivers: Greece, Italy |
Text
|
Q4
2009
|
Q4
2009
|
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16
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Market
Demand Drivers: Spain |
Text
|
Q4
2009
|
Q4
2009
|
|
17
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Market
Demand Drivers: United States |
Text
|
Q4
2009
|
Q4
2009
|
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18
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Market
Demand Drivers: Japan |
Text
|
Q4
2009
|
Q4
2009
|
|
19
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Market
Demand Drivers: Rest of World |
Text
|
Q4
2009
|
Q4
2009
|
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20
|
PV
INDUSTRY SUPPLY |
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21
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Crystalline
Silicon/Thin Film Module
Production (MW) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
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22
|
Module
Manufacturer Category Definitions |
Text
|
|
|
|
23
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Module
Production (MW) by Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
24
|
Module
Production Growth (MW)
by
Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
25
|
Module
Market Shares by Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
26
|
PV
Module Production Growth by Manufacturer Category
(MW) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
27
|
Module
Production by Manufacturer Category (MW) |
Bar
Chart
|
Quarterly
|
Q4
2008 vs. Q4 2009
|
|
28
|
Determinants
of Module Inventory Movement
-
Module Production
-
Module Shipments
-
Market Demand |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
29
|
Module
Inventory Levels (MW) |
Table
Data
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
30
|
Movement
in Upstream and Downstream Module Inventories (MW) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
31
|
Upstream
Module Inventory Days |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
32
|
Downstream
Module Inventory Days |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
33
|
MANUFACTURING
CAPACITY/UTILIZATION |
|
|
|
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34
|
PV
Crystalline Silicon Chain Capacities (MW) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
35
|
PV
Crystalline Silicon Chain Capacity Quarter on Quarter
Growth |
Pie
Charts
|
Two
Quarters
|
Q4
2008 vs. Q4 2009
|
|
36
|
Total
Cell Manufacturing Capacity (C-Si and Thin Film) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
37
|
Major
Production Capacity Adjustments |
Text
|
Quarter
|
Q4
2009
|
|
38
|
Major
Production Capacity Adjustments |
Text
|
Quarter
|
Q4
2009
|
|
39
|
Major
Production Capacity Adjustments |
Text
|
Quarter
|
Q4
2009
|
|
40
|
Cell
Manufacturing Capacity Growth Rate Quarter on Quarter |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
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41
|
Capacity
Utilization
-
Polycrystalline,
-
Wafer,
-
Cell,
-
Module, and
-
Thin Film
|
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
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42
|
Capital
Expenditure by PV Crystalline Chain Segment ($'M) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
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43
|
Total
Thin Film Capital Expenditure ($'M) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
47
|
INDUSTRY
FACTORY GATE PRICING |
|
|
|
|
49
|
Factory
Gate Pricing Summary Commentary |
Text
|
Q3
2009
|
Q4
2009
|
|
50
|
Polysilicon
Pricing (Spot, Short Term, Long Term) |
Line
Chart/Table
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
51
|
Wafer
Short Term Contract Pricing |
Line
Chart/Table
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
52
|
Cell
Short Term Contract Pricing |
Line
Chart/Table
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
53
|
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
|
Q4
2008 to Q4 2009
|
|
54
|
Module
Factory Gate Prices: United States
-
High Efficiency Crystalline Silicon
-
Japanese/Western Crystalline Silicon
-
Chinese Majors
-
Emerging Brands |
Line
Chart/Table
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
55
|
Europe
vs. United States Factory Gate Module Price Differential |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
56
|
Summary
of PV Chain Segment Value Added (in Euros) |
Bar
Chart/Table
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
57
|
Summary
of PV Chain Segment Value Added (in Dollars) |
Bar
Chart/Table
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
58
|
MANUFACTURING
COSTS |
|
|
|
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59
|
PV
Chain Production Costs (including depreciation)
-
Leading Western/Japanese
-
Leading Chinese/Taiwanese
-
High Efficiency Crystalline
-
High Efficiency Thin Film
|
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
60
|
Crystalline PV Chain Production Costs: Percentage
Change |
Line
Graph
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
61
|
Crystalline
Silicon Chain Production Cost Breakdown Q3 2008
Leading
Western/Japanese versus Leading Chinese/Taiwanese
|
Pie
Charts
|
Q3
2008
|
Q4
2008
|
|
62
|
Crystalline
Silicon Chain Production Cost Breakdown Q3 2009
Leading
Western/Japanese versus Leading Chinese/Taiwanese
|
Pie
Charts
|
Q3
2009
|
Q4
2009
|
|
63
|
Crystalline
Silicon Module Production (Cash Cost)
Leading
Western/Japanese versus Leading Chinese/Taiwanese
|
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
64
|
C-Si
Production Cost Premium over Thin Film (incl. depreciation) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
65
|
INDUSTRY
FINANCIAL PERFORMANCE |
|
|
|
|
66
|
Global
PV Industry Revenues |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
67
|
PV
Crystalline Revenues by Upstream Segment |
Stacked
Bar Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
68
|
PV
Crystalline Revenues by Upstream Segment |
Four
Bar Charts
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
69
|
Thin
Film vs Crystalline Revenues ($M) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
70
|
Module
Revenues by Manufacturer Category ($M) |
Bar
Chart
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
72
|
Benchmark
Company Revenues: Vertically Integrated ($M) |
Bar
Chart
|
Quarterly
|
Q4
2008 to Q4 2009
|
|
71
|
Benchmark
Company Gross Margins: Upstream
-
Polysilicon
-
Wafer
-
Cell
-
Module |
Bar
Chart
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
72
|
Module
Manufacturer Gross Margins by Manufacturer Category |
Bar
Chart
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
73
|
Downstream
Systems Performance (Revenues/Gross Margins) |
Bar
Chart
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
74
|
Benchmark
Company Net Margins: Crystalline Chain |
Bar
Charts
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
75
|
Benchmark
Company Net Margins: Vertically Integrated |
Bar
Charts
|
Quarterly
|
Q4
2008 vs Q4 2009
|
|
76
|
SHORT
TERM OUTLOOK
(First
and Second Quarter 2010)
|
|
|
|
|
77
|
Global
Supply/Demand Environment |
Text
|
Quarterly
|
Q1
and Q2 2010
|
|
78
|
Total
Market Demand Projection (MW) |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
79
|
Demand Projection by Major Market (MW) |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
80
|
Market
Demand Outlook: Germany |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
81
|
Market
Demand Outlook: Rest of Europe (Belgium, Czech Republic) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
82
|
Market
Demand Outlook: Rest of Europe (France) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
83
|
Market
Demand Outlook: Rest of Europe (Greece) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
84
|
Market
Demand Outlook: Rest of Europe (Italy) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
85
|
Market
Demand Outlook: Rest of Europe (Greece) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
86
|
Market
Demand Outlook: Rest of Europe (Spain) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
87
|
Market
Demand Outlook: United States |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
88
|
Market
Demand Outlook: United States |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
89
|
Market
Demand Outlook: Japan (1) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
90
|
Market
Demand Outlook: Japan (2) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
91
|
Market
Demand Outlook: Rest of World (1) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
92
|
Market
Demand Outlook: Rest of World (2) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
93
|
C-Si
and Thin Film Global Module Production (MW) |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
94
|
Module
Supply/Demand Balance (MW) |
Line
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
95
|
Upstream/Downstream
Inventory Quarter on Quarter Change (MW) |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
96
|
Upstream/Downstream
Inventory Days |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
97
|
Manufacturing
Capacity (MW)
-
Polysilicon (available to solar)
-
Wafer
-
Cell
-
Module |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
98
|
Manufacturing
Capacity Utilization |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
99
|
Module
Factory Gate Prices: Europe |
Line
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
100
|
Module
Factory Gate Prices: United States |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
101
|
C-Si
to Thin Film Differential in Europe |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
102
|
Value
Added by PV Chain Segment in Europe (in Euros) |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
103
|
Value
Added PV Chain Segment in United States (in Dollars) |
Bar
Chart
|
Quarterly
|
Q1
and Q2 2010
|
|
104
|
Key
Messages (1) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
105
|
Key
Messages (2) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
|
106
|
Key
Messages (3) |
Text
|
Two
Quarters
|
Q1
and Q2 2010
|
| |
APPENDIX:
FINANCIAL AND GUIDANCE RESULTS |
|
|
|
|
107
- 115
|
Twenty
Four PV Companies
-
Revenues
-
Gross Profit
-
Net Income |
Bar
Charts
|
Quarterly
|
Q4
2009
|
