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INVESTOR PRESENTATION | MAY, 2021 Our Vision: a Renewable Greener World Smart Power to Innovate Solar | Roofing | Battery Storage | EV | EV Charger

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Page 1: a Renewable Greener World - SPI Groups

INVESTOR PRESENTATION | MAY, 2021

Our Vision:

a Renewable Greener World

Smart Power to Innovate

Solar | Roofing | Battery Storage | EV | EV Charger

Page 2: a Renewable Greener World - SPI Groups

PAGE 2

This presentation contains certain “forward-looking statements” relating to the business of the Company, its subsidiaries and the industries the

Company operates in. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects” or

similar expressions. The forward-looking statements contained in this presentation include statements regarding the Company’s ability to execute its

growth plan and meet revenue and sales estimates, and market acceptance of its products and services. These statements involve known and

unknown risks and uncertainties, including, but not limited to, general business conditions, managing growth, and political, regulatory and other

risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in

the Company's reports filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise

any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable

securities law.

FORWARD LOOKING STATEMENTS

Page 3: a Renewable Greener World - SPI Groups

PAGE 3

COMPANY OVERVIEW

SPI Energy is a renewable energy holding company delivering competitive, clean energy solutions to customers across the world for more than 16 years. We operate in five business segments:

1. Renewable energy system solutions for residential and small commercial markets (Solarjuice subsidiary)

2. Renewable energy project development, design, build & transfer

3. Utility & Commercial Renewable energy independent power production (IPP)

4. Smart EV & EV charger solution

5. Other renewable energy related investments

NASDAQ TICKER: SPI

Fiscal Year December

Industry Renewable Energy

Recent Price $6.73

Market Cap $160.6M

Shares Out. 23.9M

Float 16.1M

Avg. Volume (90-day) 827,377

Revenue (ttm) $138.6M

Gross Profit (ttm) $16.9M

Cash (mrq) $38.9M

Debt (mrq) $6.3M

As of April 30, 2021 | spigroups.com

Page 4: a Renewable Greener World - SPI Groups

PAGE 4

OUR BUSINESS

SPI covers Solar, Storage, and EV. A Full Chain of Renewable Energy Products for Commercial, Utility and Residential markets.

Phoenix MotorcarsOrange Power

• Smart Home EV Charger

• Solar & Storage Project Development• Design, Build & Transfer

• Renewable Energy• Independent Power

Production

Solar+Storage Solutions to Residentials & Small Commercials

ZBB/Meineng Storage

• Storage Technology• Storage System solution

provider

• EV Shuttle Bus • EV Truck• Commercial EV Charger

UT

ILIT

Y &

C

OM

ME

RC

IAL

RE

SID

EN

TIA

L

SPI Solar

SOLAR STORAGE EV

SOLAR & STORAGE

EV

EV

Phoenix Motorcars

Page 5: a Renewable Greener World - SPI Groups

PAGE 5

INVESTMENT HIGHLIGHTS

1. Well Positioned in Fast Growing Electric Vehicle (EV) and Renewable Energy Market

2. Proven Record of Delivering Renewable Energy Solutions to Global Market for 16 years

3. Leading Manufacturer of Medium-Duty EV Bus & Trucks, made in California with 2.3 million+ miles of on-road experience

4. Strong Revenue Base and Trend Towards Near-Term and Long-Term Profitability

5. SPI Subsidiaries, Phoenix Motorcars,SolarJuice & Orange Power are Ready to IPO, with SPI Retaining ControllingOwnership. Growing to a Renewable Energy Holding Group.

6. Leading Renewable Energy Solution Provider for Residential Market inAustralia

7. Strong, Experienced InternationalManagement Team

8. Trading at Significant Discount vs. Peer Group Multiples

Page 6: a Renewable Greener World - SPI Groups

PAGE 6

SMART HOME ENERGY SOLUTIONS

AVAYA STADIUM, FL

FT BRAGG AQUATIC CENTER, CA LIVERMORE OUTLETS, CA

MARLINS STADIUM, FLAMWAY CENTER, FL

UC MERCED, CA

End to end clean energy solutions for residential and small commercial

• Hardware & Software Design• Kits & Components Distribution• Consumer Sales & Service• Builder/Manufacturer Installation

Whole value chain expertise for low cost high performance.

Page 7: a Renewable Greener World - SPI Groups

PAGE 7

RENEWABLE ENERGY SOLUTION FOR RESIDENTIAL

Leading provider of solar and clean energy products and solutions in the Pacific region:

5,000+700B2B ACCOUNTS

ACTIVE CUSTOMERS

600+MW PANELS

1,400+MW INVERTERS

40+MW BATTERIES

Gained significant market share in Australia since launch in 2009

5,000+ B2B accounts since established and 700 active customers orderingmonthly

Delivered 600+ MW Panels, 1400+MW Inverters, and 40+MW Batteries

Page 8: a Renewable Greener World - SPI Groups

PAGE 8

SOLAR4AMERICA –THE HISTORY

1 MILLON+ROOFS INSTALLED

EST. 1984

26,000+SOLAR SYSTEMS INSTALLED

LAUNCHED SOLAR 2008

$345 MILLIONin sales in FY2019

Operation in 5 STATES

Petersen-Dean

• At its peak largest residential roofing company in the US

• Leading solar installer in CA and other markets

• Hard-hit by Covid and filed for bankruptcy in Jun/2020

• Solarjuice purchased substantially all Petersen-Dean operating assets in Feb/2021

Page 9: a Renewable Greener World - SPI Groups

PAGE 9

SOLAR4AMERICA –THE VALUE

Assembly Bill No. 178

AB-178

Decades of Roofing Expertise

Offering Tomorrow

Offering Today

Australia

California

Colorado

Florida

Nevada

Texas

United States

+ New Zealand & Pacific Region

All 50 States Through Franchise

Caribbean & Other America Market Through Distribution

• Brand equity: Recognized brand in CA and throughout the United States

• Installation expertise: no other solar installers know the roof as well. One of the leading renewable energy companies awarded the PDI installation contract despite bankruptcy. Now the contract expands into all 5 markets.

• Favorable policy environment: CA mandate on homebuilders to pre-install solar systems from 2020

• Positioned in future growth markets: TX/ FL/ CO/ NV

Page 10: a Renewable Greener World - SPI Groups

PAGE 10

Research and Product Development

Livermore, CA, USA

Sydney, Australia

HISTORY OF INNOVATIONS

2015 OpalSolar products released (Australia)

2017 OpalStorage product line released (Australia)

2017 Solar4America notched polymer roofing batten with measured detachable sections patented

2021 Solar4America solar module & energy storage system (USA)

2021 Cloud based hardware monitor and maintenance platform

INNOVATIONS MEET THE MARKET

Page 11: a Renewable Greener World - SPI Groups

PAGE 11

• The panels are produced by ISO 9001 and ISO 14001 certified facilities.

• Back-to-back warranty agreements provide peace of mind.

OpalSolar

Opal Switch

Advanced Battery Energy Opal Switch offers single phase inverters, for smaller residential users. It is a complete package that is small, lightweight with a maximum performance efficiency of 98.2%

The Opal family of clean energy products:

• Tier 1 manufacturers

• Proprietary Design

• Independent Quality Control & independent factory acceptance testing

• Local technical support in Australia

AUSTRALIA

Page 12: a Renewable Greener World - SPI Groups

PAGE 12

RESIDENTIAL SOLAR MODULE

S4A-360

• 9BB half-cut cell technology

• Significantly lower the risk of hot spot

• Excellent Anti-PID performance 2 times of industry standard

• No water-permeability and high wear-resistance, can be widely used in high-humid, windy and dusty area

• IP68 junction box with high waterproof level

120 Half-Cell9bb Half-cut Mono PERCFull Black360W

San Jose Earthquakes Sponsorship San Jose Earthquakes Avaya Stadium Solar Array

Page 13: a Renewable Greener World - SPI Groups

PAGE 13

• Fully certified for US market

• 80KWH and 30KW capacity highly integrated all-in-one system

• AC coupled for fast installation

S4A Energy Storage System

for Commercials

SELF DESIGNED STORAGE BATTERY PRODUCTS

Australia’s Favorite OpalStorage

• Advanced Battery Energy Storage (BESS+)

• Designed by Solarjuice

• Highly integrated design includes battery, BMS, inverter in cabinet, solar array DC switch etc.

S4A-HYBRID Energy Storage System For Residentials

• The S4A-HYBRID is designed DC and AC hybrid working mode

• Intelligent remote monitoring and maintenance

• 2, 3 or 4 MPPT per inverter

• Max Efficiency up to 98.24%

• Highly reliable BMS designed

• Certified and comply with latest CA rule 21 smart grid requirements

• Modular BMS design for easy capacity expansion.

Page 14: a Renewable Greener World - SPI Groups

PAGE 14

CLOUD BASED RESIDENTIAL ENERGY SOLUTIONS SOFTWARE SERVICESmart Meter Management Service

Desktop Mobile

INVERTER ANALYSIS

REAL TIME DISPLAY

BATTERY ANALYSIS

Page 15: a Renewable Greener World - SPI Groups

PAGE 15

From Installation & Distribution to a Smart Energy Home Solution Provider

WE ARE EVOLVING

Solar Roof Storage ❯OEM Products

Solar Battery MonitoringHardwareSoftware WorldStandardized Kit Franchise & Dealership

One Time Transaction ❯Long-term Energy Management Services

Inhouse Sales & Installation ❯Franchise & Dealership Model ❯

Quick Expansion into New Markets

Roofing EV Charger

Page 16: a Renewable Greener World - SPI Groups

PAGE 16

COMMERCIAL & UTILITY SOLAR STORAGE PROJECT DEVELOPMENT

Data Collection & OpportunityAssessment

Strategy & Detail, and Planning &

Development

Financing & Construction

Operation &Transfer

Page 17: a Renewable Greener World - SPI Groups

PAGE 17

INTRODUCTION OF SPI SOLAR

SPI Solar (Solar Power Inc.) started business in Sacramento, CA in 2006

Focused on development, engineering, procurement, construction, and transferring of utility & distributed solar power plants, micro-grids, energy storage, and customized sustainable energy solutions.

Delivered some of the most recognizable solar PV projects in the world, namely Sacramento King Stadium and Staples Center

Established a long term relationships with leading component suppliers / EPCs to achieve best “price-to-performance” for our customers.

Our Aerojet project was selected by then California Governor Arnold Schwarzenegger to serve as a backdrop for a press conference where the Governor signed an executive order calling for 33% of California’s energy to be derived from renewable sources.

Page 18: a Renewable Greener World - SPI Groups

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HIGH-PROFILE SOLAR STORAGE PROJECT DEVELOPMENT

0.71MW in Sacramento, CA0.53MW in New Jersey, NJ

6.35MW in Japan 5.88MW in Italy

7.8MW in Palm Springs, CA

731kW California ISO, Folsom, CA

47.73MW in UK

0.51MW in Los Angeles, CA

4.9MW in White Rose, CA 1.75MW Temescal Canyon RVTemescal, CA

1.8MW BPUSD Series Project, CA

158 kW 20th Century FoxLos Angeles, CA

Page 19: a Renewable Greener World - SPI Groups

PAGE 19

SOLAR & STORAGE MARKET

Solar PV generation increased 22% (+131 TWh) in 2019 and represented the second-largest absolute generation growth of all renewable technologies.

As competitiveness continues to improve, solar PV is still on track to reach the levels envisioned in the IAE’s Sustainable Development Scenario, which will require average annual growth of 15% between 2019 and 2030.

SOURCE: IAE World Energy Outlook (October 2020)

OPERATING

620,242 MW of Solar

55,300 MW of Storage

PLANNED

10,000,000 MW of Solar765,155 MW of Storage

Page 20: a Renewable Greener World - SPI Groups

PAGE 20

SOLAR STORAGE PROJECT DEVELOPMENT PIPELINE

Oregon: Community Solar

• 18MW-DC portfolio in Greater Portland Area.

• Community Solar allows homeowners and businesses to subscribe to an offsite solar farm for their electricity.

Hawaii: Tranche 1 Projects(Total 6.9MW)

Hawaii: Tranche II Projects(Total 4.7MW)

Hawaii: Tranche III Projects (Total 10.27MW)

Massachusetts: Energy Storage Project

MA Lovers Lane (6.5 MW) solar photovoltaic (PV) and 5.45 MWh energy storage project in Massachusetts

Page 21: a Renewable Greener World - SPI Groups

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ORANGE POWER INTRODUCTION

Independent Power Producer (IPP)

Power Grid

Sell Energy

• Initial focus on European and U.S. markets.

• Target markets feature established and relatively stable regulatory environments for solar.

• Over $100M of equity invested in these projects

• Consistently stable electricity sale cash flow

• Plan to spinoff Orange Power subsidiary in IPO

Page 22: a Renewable Greener World - SPI Groups

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ORANGE POWER VALUE CHAIN

Stability

Own and operate a portfolio of distributed energy resources (DER) including solar photovoltaics and storage.

Utilize long-term contracts, called Power Purchase Agreements (PPAs) to sell energy to credit-worthy off-takers, resulting in stable and predictable cash flows.

Acquire solar projects in various stages of development and construction to increase the asset base and drive growth.

Support clean, renewable energy sources while providing customers with flexible solutions and returnsto investors.

Our Mission

Growth

Independent Power Producer (IPP)Core Business

Page 23: a Renewable Greener World - SPI Groups

PAGE 23

ORANGE POWER BUSINESS

and Others

Utilities, Commercial &

Industrial (C&I)

Development Production Consumption

Planning

Development

Construction

Operation

Acquisition

Consumption

Electricity Production & Sale

Distribution

End Customer Servicing

Page 24: a Renewable Greener World - SPI Groups

PAGE 24

ORANGE POWER PROJECTS

Current Pipeline

FUTURE TARGET PIPELINE

In Operation

Country Project nameAttributable

capacity (MW)Ground/ Rooftop

Connection date FIT terms

Greece HELIOSTIXIO SA 1.082 Ground September 2012 EUR0.215/kWh

Greece HELIOHRISI SA 1.988 Ground June 2012 EUR0.215/KWh

Greece THERMI SUN SA 4.400 Ground June 2012EUR 0.215/KWh for the 3.4MW

and EUR 0.25/KWh for the 0.7MW

Japan Ibaraki 0.2744 Ground December 2014 JPY36/kWh

Italy ItalsolarS.r.l. 0.993 Ground December 2009 EUR0.325/kWh

U.K. Cairnhill Solarfield Limited 3.0906 Ground February 2016 1.3 ROCs

U.K.Emotion energy Solar One Limited

4.971 Ground March 2016 1.3 ROCs

Total 16.8

CountryAttributable

capacity (MW)Ground/Rooftop

Scheduled Connection date

FIT terms

US 0.71 Ground 2021<500kW:

$0.238/kWh

US 1.8 Ground 2022>500kW:

$0.236/kWh

US 11.77 Ground 2021 N/P

US 5.67 Ground 2022 N/P

US 420 Ground 2023-2025 N/P

Total 439.95

Page 25: a Renewable Greener World - SPI Groups

PAGE 25

EXISTING PROJECTS AND CURRENT PROJECT PIPELINE

Greece12 Projects

7.47 MW

U.K.2 Projects

8.1 MW

Hawaii29 Projects

12.2 MW

Oregon6 Projects17.5 MW

In Operation (16.8 MW) Current Pipeline (29.7 MW)

(future target pipeline)U.S.A.

Timeframe: 2023-202530 Projects 420.0 MW

Italy1 Project1.0 MW

Japan1 Project0.3 MW MASSERIA SIERO STINGE, LATERZA – 0.993 MW

TURIFF, ABERDEENSHIRE, AB53 - 3.09 MW

THERMI SUN SA, GREECE – 4.4MW

Page 26: a Renewable Greener World - SPI Groups

PAGE 26

EV SOLUTION BUSINESS – PHOENIX MOTORCARS

• Phoenix Motorcars (“Phoenix”) is an electric drivetrain manufacturer for medium-duty commercial vehicles

• Final Stage manufacturer integrating its electricdrive trains into new commercial vehicle chassis

• 2.3 million+ miles of on-road experience andthe most deployments in its class

• Phoenix has built a trusted EV brand for themedium-duty commercial market

American-made with the majority of key components sourced locally and with final assembly in California

Page 27: a Renewable Greener World - SPI Groups

PAGE 27

EV SOLUTION BUSINESS – PHOENIX MOTORCARS

• Phoenix Motorcars is dedicated to accelerating the adoption of clean transportation through advanced technology solutions, while making the planet a better place

• Phoenix is one of the largest manufacturers of medium duty electric vehicles in the US, with customers across a wide range of applications including cities, transit agencies, airports, campuses and other commercial fleets

• Provide EV charger AC/DC solutions with a competitive package

• Phoenix assists customers with all their clean energy requirements including infrastructure, solar solutions and clean energy financing

Page 28: a Renewable Greener World - SPI Groups

PAGE 28

HISTORY OF INNOVATION & EXECUTION | KEY MILESTONES

1st customer delivery of ZEUS 300 electric shuttle to the LA Air Force Base

Q42014

1st all-electric work truck delivered

to City of Irvine

Q12016

1st all-electric fleet deployed at LAXWally Park parking complex

Q2-Q42016

1st all-electric bus deployed at NASA’s Jet Propulsion Laboratory

Q22015

1st all-electric Dial-a-Ride deployed in City of South Pasadena

Q42017

Marketing launch of 2nd gen. High Power Drive

System for Ford E-450 chassis

Q22018

Signed strategic partnership with Forest River Inc. and Creative Bus Sales to be exclusive supplier of drivetrains for all-electric Starcraft buses built on the Ford E-450 chassis

Q42018

Won the US EPA-SCAQMD grant to deploy 29 all-electric shuttle buses across 4 key airports in Southern California

Q12018

Deployment of 2nd gen. High Power Drive System with 3 deliveries to Park&Zoom in Austin, TX

Q12019

Completed 2.3+ million all-electric milesSecured FTA AIM Grant for Autonomous ShuttleSecured DOE Grants for Shuttle Bus & Trucks Deployments in Tennessee / Texas

Q22020

Record deliveries in 20192019

Acquired by SPI Energy subsidiary EdisonFutureQ4

2020

Developing cutting edge zero emission drivetrains for medium duty vehicles

Q22010

Founded in 2003 and headquartered in Ontario, CA

Q22003

Page 29: a Renewable Greener World - SPI Groups

PAGE 29

EV SOLUTION BUSINESS – PHOENIX MOTORCARS

Product Portfolio• Leading manufacturer of all-electric zero emission

medium duty vehicles built in the US

• Built on the Ford E-450 chassis, Phoenix offers a wide range of products including shuttle buses, utility trucks, service trucks, flatbed trucks, walk-in vans, cargo trucks and school buses

• American-made and Buy America Compliant with majority of key components sourced locally and final assembly in California

Our Fleet of EV’sOver 2.3 million zero emission miles, reducing 6.6+ million pounds of carbon emissions,equivalent to 3,400+ acres of carbon sequestering forest and saving over $1.2 million in fuel costs for customers

Page 30: a Renewable Greener World - SPI Groups

PAGE 30

OUR ELECTRIC DRIVE SYSTEMS

• Cost per mile of $0.12 vs. $0.54 & $0.73 for an equivalent CNG & gas bus, respectively

• Lower maintenance costs

• Interior noise levels reduced by at least 10 dB when compared to equivalent gas vehicles

• No gear shifts

• Modular battery packs offering up to 160 mile range

• Dual charging with Level II & Level III capability

• Dual-mode regenerative braking system

• GVWR 14,500 lbs.

• 61 Metric Tons of CO2

reduction annually over equivalent Gas vehicles along NOx and particle matter reduction

• Equivalent to carbon sequestered by 1,009 tree seedlings grown for 10 years

Lower Cost of Ownership Quieter, Smoother Ride Emission Reduction Improved Performance

Page 31: a Renewable Greener World - SPI Groups

PAGE 31

OUR PARTNERSHIPS

OUR PRODUCTS

Electric Type A School Bus Configuration Options§ MFSAB

§ Interior and exterior camera system

§ Integrated child booster seats

§ GPS

§ WIFI for passengers

Electric Shuttle Bus Configuration Options§ Perimeter seating

§ Forward facing seats

§ ADA wheelchair access

§ Luggage racks

§ All accessories available on ICE shuttles

ZEUS 500 – Electric Truck Options

ZEUS 400 – Electric Shuttle BusZEUS 600 – Electric Type A School Bus

Flatbed TruckParcel / Cargo Truck

High Roof - Utility Truck

Short Roof - Utility Truck

Service Truck Box Truck

Custom Bodies & Accessories

OUR CUSTOMERS

EZ ZEUS – AutonomousElectric Shuttle

Page 32: a Renewable Greener World - SPI Groups

PAGE 32

EV CHARGING SOLUTIONS

Product Portfolio

• Level II AC Charger Clipper Creek – CS-100 J1772 AC Single Port Charger

• Single Port J1772 standard

• Input Voltage: 208V AC Single Phase

• Output Power: 80 Amps 13 kW

Level III DC Charger BTC Power – CHAdeMO DC Dual Port Fast Charger

• Dual Port – CHAdeMO and CCS

• Input Power: 480 VAC or 208 VAC, 3-Phase

• Nominal Output DC Voltage: Up to 125 Amps @ 400 V

• Charge from 20-60% in ~ 1 Hour

Page 33: a Renewable Greener World - SPI Groups

PAGE 33

GROWTH OPPORTUNITY FOR EV

Significant Market Opportunity

Rapid Growth in EV

Penetration of the Medium Duty (Class 4-6) Market

EV penetration for this segment will reach 16% by 2030

Targeted Medium Duty US Sales Forecast

Source: IHS Market Data, Phoenix Management Estimate, Bloomberg New Energy Outlook

Page 34: a Renewable Greener World - SPI Groups

PAGE 34

VISION FOR MEDIUM - DUTY ZERO EMISSION TRANSPORTATION MARKET

Short Term – Integrators

Medium Term Gliders /In Line Production

Long Term - Ground Up Designs

Preferred by Transit Agencies, School Buses, Utility Truck Fleets and Custom Truck Bodies

Preferred by Last Mile Delivery Fleets & Few Shuttle Fleets

A Mix Of Legacy Chassis & Ground Up EV Centric Designs

Large Fleet Deployments: • Selected by one of the largest truck fleets in the US to develop

and integrate electric drivetrains for their trucks

• Working closely with large fleets to enable their transition to zero emission vehicles

Autonomous E-450 Shuttle Bus: • Awarded FTA grant to develop a Level 4 Autonomous all-electric

shuttle bus in partnership with a leading AV technology company

New Products: Development of New Drivetrains:• Develop drivetrains for other Class 4, 5 & 6 chassis

Develop Own Chassis / Ground-up Products:

2021 & BEYOND

Collaboration with Global OEMs for New EV Launches in the US Market:

Delivery Fleet Deployment:

• Phoenix is working with various large last-mile delivery and service fleets to help them switch to zero emission trucks

Page 35: a Renewable Greener World - SPI Groups

PAGE 35

ACCOMPLISHED MANAGEMENT TEAM

§ Ex-Chairman of the Management Board and Chief Executive Officer of a publicly- listed company

§ 30 years of engineering and operation experience in the solar and electronics industries

§ Master of Science in computer integrated manufacturing from Nanyang Technological University,Singapore

§ One of the Pioneers & Entrepreneurs in Renewable Energy industry from early 2000

§ Lead several companies going public in NYSE & Nasdaq over his career

§ 20 years of Renewable Energy industry experience in solar, battery storage, EV and EV charging

§ Graduated from Beijing University Guanghua School of Management with an executive MBA degree

Denton PengChairman & CEO

Hoong Khoeng CheongCOO

Chris WangSVP of Finance

§ Mr. Chris Wang, SVP of Finance, has been CEO of Redwood Group International since 2017 and senior partner of SAIF Xinhuihuang Asset Management Co., Ltd since 2018.

§ Served as the President and CFO of Fushi Copperweld, Inc from 2005 to 2016 and CFO of Fushi Copperweld.

§ Bachelor’s in English from the University of Science and Technology Beijing and MBA in Finance and Corporate Accounting from University of Rochester.

Page 36: a Renewable Greener World - SPI Groups

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ACCOMPLISHED MANAGEMENT TEAM

§ Started Solar career in 1998 with Solarex in sales, which later merged with BP Solar.

§ Worked in BP Solar for more than a decade.

§ Co-founder of Solarjuice in 2009.

§ Specializes in Handling Sales, Stock Movement, Contracts and Supply management

Andrew Burgess (Australia)

§ Started Solar career in 1997 with Solarex & BP Solar. Worked in manufacturing, planning, raw material sales and global procurement.

§ In 2007 established trading company to supply silicon material to wafer and cell manufactures.

§ Co-founder of Solarjuice in 2009.

§ Managing Supplier Relationships and Marketing activities

Rami Fedda (Australia)Chief Supply Chain Officer of SolarJuice

Jack Lee (Singapore)Vice President of Global Project Development

§ Jack has vast experience in various industries especially in electrical and infrastructure for the last 25 years.

§ Experienced manager in energy, industry infrastructure project/ maintenance and solar PV construction.

§ Well-versed in project transaction with numerous successful deals and project financing in Southeast Asia, the UK and the US.

Vassilis Orfanos (Greece) Vice President of European Assets Management

§ October 1996 - August 2011, Technical Consultant of the Chairman and Maintenance Manager at Th. Vassilakis Group of companies (AEGEAN Airlines, HERTZ, SEAT, SAAB, OPEL, FORD).

§ January 2012 - today, Construction and Operation Management of SPI in Greece, managing 34MWp solar projects

Joe Mitchell CEO of Phoenix Motorcars

§ 30 years of automotive industry experience includes 20 years directly in the EV market. He started his career with Ford Motor Company of Canada in Operations and Quality.

§ In 2015, he took over as President and CEO of UQM and led the company to win a number of major commercial EV contracts globally.

Page 37: a Renewable Greener World - SPI Groups

PAGE 37

KEY FINANCIALS

$126$98

$138

$220

$0

$100

$200

$300

2018 2019 2020 2021

Year Ended Dec. 31

-$2.9

-$19.1

$0.1

-$25

-$20

-$15

-$10

-$5

$0

$5

2018 2019 2020

Year Ended Dec. 31

-$12-$15

-$6.5

-$20

-$15

-$10

-$5

$0

Year Ended Dec. 31

2018 2019 2020

Note: • SPI completed the disposition of China business on Dec 10, 2018• Net profit in 2020 includes a $5.4 million foreign exchange loss

and one-time legal and litigation expense responsible due to Sinsin litigation of $1.6 million

*Revenue guidance of $200M to $240M for 2021

Revenue

Operating Income

*

Gross Margin

Net Profit

12.2%

7.3%

8.8%

$0

$5,000

$10,000

$15,000

2018 2019 2020

Year End Dec. 31

* *

*

13%

5%

0%

8%*

*

Page 38: a Renewable Greener World - SPI Groups

PAGE 38

INCOME STATEMENTS

Consolidated Statements of Operations Data2018 2019 2020

($ in thousands, except share and per sharedata)

Revenue 125,582 97,883 138,628

Total cost 114,525 90,693 121,773

Gross profit 11,057 7,190 16,855

Total operating expenses 14,009 26,361 16,764

Operating income (loss) -2,952 -19,171 91

Total other income (expense) -2,853 4,115 -5,898

Loss from continuing operations before income taxes -5,805 -15,056 -5,807

Income taxes expense 332 92 458

Loss from continuing operations -6,137 -15,148 -6,265

Loss from discontinued operations, net of tax -6,122 - -

Net loss -12,259 -15,148 -6,265

Net loss per common share: Basic and Diluted -1.7 -1.20 -0.4

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BALANCE SHEETConsolidated Statements of Operations Data

($ in thousands) 2018 2019 2020

Assets

Total Cash 4,141 2,764 39,782*

Total Current Assets 73,883 56,489 79,315

Net property, plant and equipment 21,150 31,783 32,802

Total non-current assets 114,845 122,354 137,718

Total Assets 188,728 178,853 217,033

Liabilities & Equity

Total Current Liabilities 166,531 170,017 151,560

Total non-current liabilities 22,127 14,311 17,087

Total stockholders’ equity -3,921 -8,184 45,257

Total liabilities and Equity 188,728 178,853 217,033

* Cash does not reflect approx. $18.1M raised in Q1/2021

Page 40: a Renewable Greener World - SPI Groups

SPI ENERGY CO., LTD.(NASDAQ GS: SPI)

US Operation Headquarter4677 Old Ironside Drive, Suite 190Santa Clara, CA 95054 www.spigroups.com

Investor ContactDave Gentry, CEO RedChip Companies [email protected]

INVESTOR PRESENTATION