General Announcement::Investor Presentation

SUNPOWER GROUP LTD.

Investor Presentation 11 August 2021

AGENDA

01 Sunpower Group At a Glance

1. Investment Highlights
2. Financial Highlights
3. Project Updates
4. Outlook
5. Q&A Session

2

Sunpower Group at a Glance

• Proven Track Record of >20 years: Established in 1997, listed on SGX since 2005.
• Leading provider of industrial steam that generates 100% recurring, long-term,high-quality income and cashflows on typically 30-year concessions
• Sizeable Green Investments ("GI") portfolio: 11 projects, with 9 operational and 2 under construction
• Pioneer in attaining Carbon Peak and Carbon Neutrality and the development of the circular economy. Practices ESG and sustainability values in all aspects
• Strong 1H 2021 driven by continued ramp-up of GI plants
• • Steam sales volume grew 73.2% YoY to 3.93 million tons
  • GI revenue rose 77.3% YoY to new record RMB906.6 million
  • GI EBITDA(1) rose 50.0% YoY to RMB 281.3 million
  • GI PATMI (2) grew 37.0% YoY to RMB91.8 million
  • GI operating cashflow (3) rose 548.2% YoY to RMB156.0 million
• Disposal of M&S business unlocks value and improves investor return

A substantial Special Dividend of S$0.2412 per share has been paid. GI is now the sole principal business of the Group.

1. GI EBITDA refers to Earnings before Interest, Tax, Depreciation and Amortisation of the GI Business. It excludes the expenses incurred by the Company that are not related to the running of the GI Business, such as listing-related expenses and remuneration of the employees at the group level, etc., which reflects the true operating results of the GI business.
2. GI PATMI refers to Profit After Tax and Minority Interests of the GI Business, which reflects the profit of GI business attributable to the Group. It excludes the expenses incurred by the Company that are not related to the running of the GI Business, such as listing- related expenses and remuneration of the employees at the group level, etc.
3. GI Operating Cashflow refers to cashflow generated by operating activities of the GI Business.

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Sunpower Group at a Glance

Green

Investments

Investor and operator of centralized facilities to supply

Clean industrial steam to a wide range of diverse industries supported by structural demand

Pollution-free civil heating to a large base of households, and

Electricity to the State Grid

Position

Sizeable GI Portfolio

Recurring Income and

Exclusive Concessions

Capability to Achieve Ultra-low

Emissions

Cashflow

Typically ~30 years

Capable of emissions below national

Leading

9 plants in operation

100%

standards for natural gas

industrial steam

2 plants under

Dust<5 mg/m 3, SO2<35 mg/m3, NOX<50 mg/m

provider with

Number of

construction

Total Current Length

Current number

proven track

Circular Economy Model

customer industries

Robust pipeline

To help industrial parks

of Pipelines

of customers

record

>300km

>20

~ 480

achieve 0 waste emissions

4

AGENDA

1. Sunpower Group At a Glance
2. Investment Highlights
3. Financial Highlights
4. Project Updates
5. Outlook
6. Q&A Session

5