Q2 2025 Earnings Call August 20, 2025 G1_Dallas T1 Energy _ Q2 2025 Earnings Call Pictured: Production lines at G1_Dallas T1 Energy _ Q2 2025 Earnings Call Participants and Agenda Prepared Remarks Daniel Barcelo Chairman of the Board and Chief Executive Officer Jaime Gualy Chief Operating Officer Andy Munro Chief Legal & Policy Officer ▪ Corning supply agreement ▪ Policy overview ▪ T1's OBBB compliance road map Evan Calio Chief Financial Officer Q&A Jeff Spittel EVP, Investor Relations and Corporate Develop ...

Core Viewpoint - T1 Energy Inc. is positioned to benefit from U.S. trade investigations into foreign polysilicon, which may lead to tariffs or import restrictions, enhancing its competitive advantage in the solar manufacturing sector [1][2][3]. Group 1: Trade Investigations and Policies - The U.S. Secretary of Commerce is initiating an investigation under Section 232 of the Trade Expansion Act regarding foreign-sourced polysilicon, which could favor T1 Energy's existing supply contract for American polysilicon [1]. - T1 Energy plans to support tariffs under the Solar 4 anti-dumping and countervailing duty case, which targets imports from Indonesia, Laos, and India, aligning with its strategy to build a domestic solar supply chain [2]. - The company believes that these trade actions will strengthen U.S. energy security and promote advanced manufacturing in the country [1][3]. Group 2: Company Strategy and Operations - T1 Energy is actively developing a domestic solar supply chain, which includes the operational 5 GW G1_Dallas solar module facility and the planned G2_Austin solar cell facility [4]. - The company aims to advocate for strong trade policies that support the strategic development of the U.S. solar value chain, consistent with the previous administration's focus on American manufacturing [2][4]. - T1 Energy's transformative transaction in December 2024 has positioned it as a leading solar manufacturing company in the U.S., with plans to expand operations domestically and explore opportunities in Europe [5].

Core Viewpoint - T1 Energy Inc. is positioned to benefit from the proposed 45X Production Tax Credit in the U.S. Senate budget bill, which aims to promote domestic solar module production and create a robust solar supply chain [1][2][3] Group 1: Tax Credit and Financial Implications - The 45X Production Tax Credit is expected to provide significant incentives for T1 Energy, including financing options and flexibility through transferability and stackability of credits, which will enhance EBITDA generation [2][3] - The finalization of the budget bill is crucial for T1 Energy's capital formation initiatives, particularly for the development of its 5 GW solar cell facility, G2_Austin, in Texas, with construction anticipated to start in Q3 2025 [3] Group 2: Manufacturing Strategy and Compliance - T1 Energy is assessing a proposed excise tax on solar projects with components from Foreign Entities of Concern (FEOC), and the company believes it can align its manufacturing operations to remain compliant with the final bill [4] - If the FEOC tax is enacted, T1 expects to provide American solar modules that are exempt from this tax, while continuing to produce high-efficiency modules from its existing facility in Dallas [4] Group 3: Industry Impact and Vision - T1 Energy emphasizes the role of solar energy in strengthening electric grids and reducing electricity costs, particularly in Texas, highlighting the importance of domestic solar manufacturing [5] - The company aims to build an integrated U.S. supply chain for solar and batteries, positioning itself as a leading player in the solar manufacturing sector following a transformative transaction in December 2024 [6]