Meyer Burger Investment Case Outline

March 2024

Disclaimer (I/II)

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This document and any oral statements made at the presentation hereof (together, the "Presentation") contains information regarding Meyer Burger Technology AG (the "Company" and together with its directly or indirectly held existing or future consolidated subsidiaries, the "Group"). This Presentation has been prepared for information purposes only and should not be used in making any investment decision. This Presentation and its contents may not be reproduced, distributed, published, passed on or disclosed, in whole or in part, by any medium or in any form, to any other person or used for any other purpose, without the prior written consent of the Company. Any copyrights which may derive from this Presentation shall remain with the Company.

This Presentation has been prepared by the Company and includes information obtained from third-party sources. This Presentation is intended to provide a general overview of the Group's business and does not purport to deal with all aspects and details regarding the Company and the Group. The information and opinions contained in this Presentation do not purport to be comprehensive and are provided as of the date of this Presentation or as of the date specified herein. Further, this Presentation may include market share and industry data obtained by the Company from industry publications and surveys. The Company may not have access to the facts and assumptions underlying the numerical data, market data and other information extracted from public sources and neither the Company, any member of the Group, nor any of their respective directors, officers, employees, shareholders, affiliates, agents and advisers are able to verify such information, and assume no responsibility for the correctness of any such information. Accordingly, undue reliance should not be placed on any of the numerical data or market data contained in this Presentation.

None of the Company, the Group, nor any other person has independently verified the information contained in this Presentation. No representation, warranty or undertaking, express or implied, is given as to the accuracy, fairness or completeness of the information, opinions, projections or estimates given or contained in this Presentation and no liability is accepted for any such information or opinions or for any errors or omissions or any loss howsoever arising, directly or indirectly, from use of this Presentation or its contents or otherwise arising in connection therewith. No one is under any obligation to update or keep current the information contained in this Presentation or to correct any inaccuracies which may become apparent, and any opinions expressed herein are subject to change without notice. The Company reserves the right to amend or replace the Presentation at any time, and undertakes no obligation to provide the recipients with access to any additional information. Nothing in this Presentation is, or should be relied upon as, a promise or representation as to the future.

Certain financial data included in this Presentation consists of non-GAAP financial measures. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with Swiss GAAP FER. You are cautioned not to place undue reliance on any non-GAAP financial measures and ratios included herein. In addition, certain financial information contained herein has not been audited, confirmed or otherwise covered by a report by independent accountants and, as such, actual data could vary, possibly significantly, from the data set forth herein.

Certain financial information (including percentages) in this Presentation may have been rounded according to commercial standards. As a result, the aggregate amounts may not correspond in all cases to the aggregated amounts of the underlying (unrounded) figures appearing elsewhere in this Presentation. The information in this Presentation is of a preliminary and abbreviated nature and may be subject to updating, revision and amendment, and may change materially.

This Presentation is not an offer to sell or a solicitation of offers to purchase or subscribe for any securities. This Presentation is not a prospectus within the meaning of the Swiss Financial Services Act and not a prospectus under any other applicable laws. Copies of this Presentation may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy any securities, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. There will be no public offering of the securities in the United States of America. This Presentation constitutes advertising in accordance with article 68 of the FinSA.

Such advertisements are communications to investors aiming to draw their attention to financial instruments. Any investment decisions with respect to any securities should not be made based on this advertisement.

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Disclaimer (II/II)

A decision to invest in securities of Meyer Burger Technology AG should be based exclusively on the prospectus to be published by Meyer Burger Technology AG for such purpose. Copies of such prospectus (and any supplements thereto) are available free of charge in Switzerland from Meyer Burger Technology AG, with registered address and head office at Schorenstrasse 39, 3645 Gwatt (Thun), Switzerland, Tel.: +41 33 221 28 00, Email: mbinfo@meyerburger.com.

Copies of this Presentation may not be sent to countries, or distributed in or sent from countries in which such distribution is barred or prohibited by law. If you have received this Presentation and you are not permitted by law to receive it, you must return it immediately to the Company.

This Presentation is not for publication or distribution in the United States of America (including its territories and possessions, any State of the United States and the District of Columbia), Canada, Japan or Australia or any other jurisdiction into which the same would be unlawful. This Presentation does not constitute an offer or invitation to subscribe for or purchase any securities in such jurisdictions or in any other jurisdiction into which the same would be unlawful. In particular, the Presentation and the information contained herein should not be distributed or otherwise transmitted into the United States of America or to publications with a general circulation in the United States of America. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold in the United States of America absent registration under or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States of America.

The information contained herein does not constitute an offer of securities to the public in the United Kingdom. No prospectus offering securities to the public will be published in the United Kingdom. This Presentation is only being distributed to and is only directed at persons who (i) are outside the United Kingdom or (ii) are "qualified investors" within the meaning of article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129) as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 who are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended from time to time (the "FSMA Order") or

  1. high net worth entities falling within Article 49(2)(a) to (d) of the FSMA Order (all such persons being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this Presentation or any of its contents.

In any member state of the European Economic Area, this Presentation is only addressed to "qualified investors" in such member state within the meaning of Regulation (EU) 2017/1129, and no person that is not a qualified investor may act or rely on this Presentation or any of its contents.

This Presentation may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of Meyer Burger Technology AG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Meyer Burger Technology AG assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.

Except as required by applicable law, Meyer Burger Technology AG has no intention or obligation to update, keep updated or revise this Presentation or any parts thereof following the date hereof.

By attending this Presentation and/or by accepting this Presentation and/or any related materials, you agree (i) to be bound by the conditions and restrictions set out herein and (ii) that you will not at any time have any discussion, correspondence or contact concerning the information given at the Presentation and/or in this Presentation with any of the directors or employees of the Company nor with any of its shareholders, or any governmental or regulatory body without the prior written consent of the Company. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. This Presentation does not constitute investment, legal, accounting, regulatory, taxation or other advice.

THIS PRESENTATION IS NOT AN INVITATION TO PURCHASE SECURITIES OF THE COMPANY OR ANY MEMBER OF THE GROUP.

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Rights Issue Offer Details

Issuer

Meyer Burger Technology AG

Target offer size

Around CHF 200M

Up to 20,144,423,886 new shares

Subscription price of CHF 0.01 per new share (36.9% discount to TERP and 79.4% to share price)1

Offer structure

Subscription ratio 28:5, i.e. 28 new shares may be subscribed for each 5 shares held

Public offering in Switzerland; Offering only outside U.S. to certain institutional investors pursuant to Regulation S under the Securities Act and

on the basis of exemptions provided by the EU and UK Prospectus Regulations

Subscription Period: 20 March - 2 April 2024 (12:00 noon CEST)

Expected timetable

Rights Trading Period: 20 - 26 March 2024 (close of trading)

Potential rump placement: 2 April 2024 (after market close)

Settlement and first day of trading of new shares: 5 April 2024

Sentis Capital (c. 10% shareholder) has committed, in a total amount of up to CHF 50 million, to exercise all of its subscription rights, to

potentially buy rights in the market, and as a backstop, to purchase shares that have not been subscribed for in the rights issue

Investor commitment

An affiliate of DESRI has committed to purchase shares that have not been subscribed for in the rights issue in a total amount of up to USD 20

million

The members of the Company's Board of Directors and Executive Committee intend to participate in the capital increase by exercising their

respective subscription rights

Company, Board of Directors and Executive Committee: 6 months after the first day of trading of new shares

Lock-up

Sentis Capital: 3 months after the first day of trading of new shares

DESRI affiliate: 4 months after the first day of trading of new shares

Trading & listing

The subscription rights will trade on the SIX Swiss Exchange (ISIN: CH1333262389, Ticker: MBTN1)

The new ordinary shares will be included into trading with the existing ordinary shares (ISIN: CH0108503795, Ticker: MBTN)

Use of proceeds

Primarily to finance the planned completion of the planned sites for the PV cell and module manufacturing in the U.S. and the planned

expansion of the related production and distribution structures

Banks' Syndicate

Sole Global Coordinator and Joint Bookrunner: Jefferies

Joint Bookrunner: Commerzbank

Note: (1) Based on closing price as of 15 March 2024.

4

Business Review And Key 2023 Figures

Market distortions created by oversupply of Asian-made solar PV products and trade restrictions imposed by the U.S. resulting in high losses in Europe

Group is now implementing its plan to prepare for the closure of

Freiberg, as announced on January 17th

Construction of 2.0 GW U.S. cell and module facilities subject to financing(1)

Cash position of around CHF 150m as of 31-Dec-23and CHF 83m

as of 29-Feb-24, with rights issue and additional financing

required to complete construction of U.S. facilities

Source: Company Information; 1) Including a combination of the rights issue, the export financing loan and either the 45X or the DOE loan.

Net sales

[CHF mn]

147

135

125

128

22 7

2022 2023

EBIT

[CHF mn]

2022 2023

-54

-103

-147

-250

Modules

Pasan/OldCo

Operative

One offs

EBITDA

[CHF mn]

2022 2023

-35

-73

-91

-164

Net result

[CHF mn]

2022 2023

-70

-144

-147

-292

Operative

One offs

Operative

One offs

5

Development of Production KPI Shows That Meyer Burger Has Established Itself as a High-quality Mass Producer

Meyer Burger White module production yield

Freiberg, Germany [%]

100

98%

90

A+B grade yield

80

All sellable product yield

0

Jul-21

Jan-22

Jul-22

Jan-23

Jul-23

Jan-24

Production yields have continued to improve over time

Meyer Burger accomplishes the industry-typical annual efficiency gains

Roadmap in place to continue efficiency and yield improvements

90% percentile solar cell efficiency Thalheim, Germany [%]

+0,4

24,5

+0,4

0,0

Knowledge and experience being transferred to planned operations in Goodyear, AZ (module) and Colorado Springs, CO (cell)

Jul-21

Jan-22

Jul-22

Jan-23

Jul-23

Jan-24

Source: Company Information; Meyer Burger production database.

6

Strong Longevity of Meyer Burger Products

A major challenge for the performance of solar modules is the so-called PID effect ("potential induced degradation") which can lead to massive product failure in the field

Swiss EPFL has recently presented a comparative study between Meyer Burger HJT+SWCT® (SHJ+SWT), competitor HJT (SHJ), TOPCon and PERC glass-glass products

According to the EPFL study tested bifacial TOPCon and PERC technologies are more sensitive to PID than HJT, Meyer Burger's SWCT® further mitigates PID

Source: Company Information; EPFL study 2024, TOPCon module glass-glass/EVA encapsulant.

7

U.S. Opportunity Remains Highly Attractive

U.S. Solar PV Deployment Forecast, by SEIA(1)

Installed Capacity (GW)

47

43

38

33

28

36

32

20

28

24

18

12

6

6

6

7

7

8

2022

2023E

2024E

2025E

2026E

2027E

Residential

Commercial

Community Solar

Utility

2.0 GW Module Facility in Goodyear (AZ)

Q2 2024

500

10k

Start of

Employees (3)

Solar Modules

Production (2)

per Day (3)

2.0 GW Cell Facility in Colorado Springs (CO)(3)

~Year

350

1.4m

End 2024

HJT Solar Half

Potential Start of

Employees

(3)

Production (2,4)

Cells per Day (3)

Volumes backed by long-termoff-take commitments

with blue-chip utility customers

Mid-term EBITDA of near CHF 250m expected to be achievable, subject to completion of U.S. facilities (2)

Source: Company Information; 1) SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight 2022 Year in Review 2) Subject to financing, including a combination of the rights issue, the export financing loan and either the 45X or the DOE loan; 3) At run-rate production; 4) Opening of facility expected to be ~2025.

8

Potential Transition To A Partnership Business Model Currently Being Explored

Acceleration of Meyer Burger's cutting-edge technology on an exclusive basis to industrial partners in different

regions of the world

Partnership business model

Meyer Burger would retain

Continued funding of production

including licensing Meyer Burger's

ownership of its intellectual

facilities by partners

technology

property

9

Financing Plan To Close The Funding Gap

Financing mix:

  • Funding gap of CHF 450m to complete construction of Colorado and Arizona manufacturing facilities
  • Rights issue with target proceeds of around CHF 200m
  • Remainder to be debt financed from additional financing options: export financing loan, loan from the U.S. Department of Energy, and/or advanced manufacturing tax credit (so-called 45X)
  • Export agency credit financing loan from a commercial bank, supported by an export agency credit guarantee from the German government, in the amount of up to USD 95 million subject to certain conditions, including finalising the long-form documentation
  • USD 200-250 million U.S Department of Energy ("DOE") guaranteed 10-year loan from the Federal Financing Bank(1)
  • Advanced manufacturing tax credit (so-called 45X) of up to USD 300 million to monetise future tax credits with term of 6 years subject to due diligence and the entering into requisite binding agreements
  • In parallel, continue to explore potential strategic partnerships to drive longer-term growth and reduce capital intensity

Source: Company Information; 1) After successfully completing Part I of the DOE process, the Group was formally invited in February 2024 to submit Part II of an application for such loan. DOE's invitation to submit a Part II application is not an assurance that DOE will invite the applicant into the due diligence and term sheet negotiation process, that DOE will offer a term sheet to the applicant, or that the terms and conditions of a term sheet will be consistent with terms proposed by the applicant. The foregoing matters are wholly dependent on the results of DOE review and evaluation of a Part II application, and DOE's determination whether to proceed.

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Meyer Burger Technology AG published this content on 23 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2024 03:10:03 UTC.