First Solar Q2'25 Earnings Call July 31, 2025 | Important Information Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in this presentation, other than statements of historical fact, are forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning: demand for solar technology ...

Financial Performance & Guidance - Fluence raised its FY23 revenue guidance to $2000-2100 million[47], and expects to be close to Adjusted EBITDA breakeven in Q4 FY23[52] - The company reaffirms expected 35-40% revenue growth in FY24[53] - Q3'23 revenue was $536 million[41], with an Adjusted Gross Profit Margin of 44%[41] compared to a negative 11% in Q3'22[42] - The company ended Q3'23 with $416 million in total cash[52] Order Intake & Pipeline - Q3'23 order intake was $565 million[41], including 14 GWh of solutions, 015 GWh of services, and ~1 GW of digital[41] - The contracted backlog as of June 30 was $29 billion[41] - The pipeline experienced a significant increase of ~$12 billion quarter-over-quarter[57] Strategic Objectives & Supply Chain - Fluence secured a US battery cell supply agreement with AESC to procure US manufactured battery cells[50] - The company is on track to meet its commitments and has secured US battery supply[47] - All FY23 battery needs are in country or in transit, providing high confidence for execution and achieving guidance[64] Products and Services - Fluence has been awarded a cumulative 650 MWs for Energy-Storage-as-Transmission[91] - The company launched its predictive maintenance feature for battery energy storage on its Nispera application[50]