Summary of Nextpower (NasdaqGS:NXT) 2025 Capital Markets Day Company Overview - **Company Name**: Nextpower, formerly known as NextTracker - **Industry**: Solar Energy and Clean Power Solutions - **Key Milestone**: Approaching three years since IPO with significant revenue growth Key Financial Highlights - **Total Revenue Since IPO**: $7.7 billion with a 21% annual compounded growth rate - **Cash Flow**: $1.3 billion generated since IPO - **2025 Revenue**: Projected midpoint of $3.4 billion - **2030 Revenue Target**: Projected midpoint of $5.2 billion, with additional products and services expected to grow faster than the core tracker business [7][34][35] Core Business and Innovations - **Market Position**: Number one share in the tracker market globally and in the U.S. for 10 years, delivering over 150 gigawatts of power [8][9] - **Product Focus**: Transitioning from a pure tracker company to a comprehensive clean energy power plant provider, integrating various technologies [10][12] - **Innovation Strategy**: Increased R&D investment from $30 million to $100 million annually, resulting in nine new major product lines [26][27] Market Dynamics - **Electricity Demand**: Experiencing an electricity super cycle with unprecedented load growth driven by AI, electrification, and data centers [15][17] - **Customer Demand**: High customer satisfaction leading to requests for integrated solutions rather than standalone products [16] - **Economic Advantage**: Solar energy is the lowest cost method of power generation in most regions, with a projected 50% drop in levelized cost of energy over the next year [19][21] Technology Platform - **NxPower Platform**: An integrated offering of products and services designed to optimize the design, build, and operation of advanced power plants [22][23] - **Data Utilization**: Collecting over 500 million data points daily to enhance performance and reliability [24] - **Power Conversion Products**: Introduction of a new family of inverters and power conditioning units aimed at addressing historical pain points in the industry [28][107] Future Growth and Expansion - **Product Family Expansion**: Introduction of new products including NX power conversion systems and enhanced software solutions [36][51] - **Revenue Breakdown**: Projected revenue from structural products (trackers, foundations, frames) at $3.6 billion by 2030, representing 68% of total revenue [68] - **eBOS and Power Conversion Growth**: Anticipated 10x growth in the eBOS sector by 2030, with significant contributions from power conversion products [96] Customer Engagement and Relationships - **Customer-Centric Approach**: Strong emphasis on two-way partnerships with customers, focusing on maximizing ROI and delivering a seamless experience [46][47] - **Feedback Integration**: Continuous dialogue with customers to understand their needs and enhance product offerings [44][43] Conclusion - **Vision**: Committed to a future powered by clean energy, with a mission to be the most trusted partner in delivering intelligent and reliable power technologies [37][38] - **Global Reach**: Operating in over 45 countries with a robust manufacturing footprint and capability to deliver more than one gigawatt of power weekly [64][66]

Financial Data and Key Metrics Changes - The company ended fiscal year 2025 with strong results, delivering growth in revenue, profitability, and adjusted free cash flow, while expanding its backlog to record levels [6] - In Q1 of fiscal year 2026, the company reported revenue of $864 million, driven by strong global demand and early contributions from recent acquisitions [6] Business Line Data and Key Metrics Changes - The company has shipped more than 130 gigawatts of solar tracker systems worldwide, marking its tenth consecutive year as the global leader in solar tracker shipments [5] - Cumulative sales of the NX Earth Truss foundation products have exceeded one gigawatt, indicating growing momentum in this product line [6] Market Data and Key Metrics Changes - For the first time, the company holds the number one market share in Europe, reflecting its operational resilience and customer service focus [5] Company Strategy and Development Direction - The company aims to build a powerful integrated technology platform that delivers value at every stage of the solar project lifecycle, focusing on execution, innovation, and long-term value creation [7] - The strategy includes integrating engineering-driven mechanical and electrical innovation with digital tools and services to provide operational benefits and long-term economic value for customers [5] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the continued evolution of the company and its commitment to delivering intelligent, reliable, and productive energy solutions [4][6] - The company acknowledges the importance of collaboration with industry partners to realize its vision of a world powered by renewable energy [4] Other Important Information - The company has expanded its supply chain footprint to over 90 major suppliers strategically located across five continents to support growth [5] - The meeting was conducted virtually, allowing more shareholders to participate [8] Q&A Session Summary Question: No questions were submitted during the Q&A session - The company noted that there were no questions received from shareholders during the meeting [22]

Financial Data and Key Metrics Changes - The company ended fiscal year 2025 with strong results, delivering growth in revenue, profitability, and adjusted free cash flow while expanding its backlog to record levels [7] - In Q1 of fiscal year 2026, the company reported revenue of $864 million, driven by strong global demand and early contributions from recent acquisitions [7] Business Line Data and Key Metrics Changes - The company has shipped over 130 gigawatts of solar tracker systems worldwide, marking its tenth consecutive year as the global leader in solar tracker shipments [6] - Cumulative sales of the NX Earth Truss foundation products have exceeded one gigawatt, indicating growing momentum in this product line [7] Market Data and Key Metrics Changes - The company achieved the number one market share in Europe for the first time, reflecting its operational resilience and customer service focus [6] Company Strategy and Development Direction - The company aims to build a powerful integrated technology platform that delivers value at every stage of the solar project lifecycle, focusing on execution, innovation, and long-term value creation [8] - The strategy includes integrating engineering-driven mechanical and electrical innovation with digital tools and services [6] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the continued evolution of the company and its commitment to delivering intelligent, reliable, and productive energy solutions [5][8] - The company remains focused on operational resilience and localized supply chain development to support its growth [6] Other Important Information - The company has expanded its supply chain footprint to over 90 major suppliers across five continents to support its growth [6] - The meeting was conducted virtually, allowing more shareholders to participate [10] Q&A Session Summary Question: No questions were submitted during the Q&A session - The company acknowledged the absence of questions and thanked shareholders for attending the meeting [25]