Xiaofeng Peng - CEO LDK Solar

1. DISCLAIMER
LDK
GROUP
COMPANY
UPDATE
JUNE
2010

2. DISCLAIMER
The
presenta+on
is
prepared
by
LDK
Solar
Co.,
Ltd.
(“LDK"
or
the
“Company”)
and
is
being
presented
solely
for
the
purpose
of
corporate
communica+on
and
general
reference.
The
presenta+on
is
not
intended
as
an
offer
to
sell,
or
to
solicit
an
offer
to
buy
or
form
any
basis
of
investment
decision
for
any
class
of
securi+es
of
the
Company
in
any
jurisdic+on.
All
such
informa+on
should
not
be
used
or
relied
on
without
professional
advice.
The
presenta+on
is
a
brief
summary
in
nature
and
do
not
purport
to
be
a
complete
descrip+on
of
the
Company,
its
business,
its
current
or
historical
opera+ng
results
or
its
future
prospects.
This
presenta+on
contains
forward-­‐looking
statements
that
involve
risks
and
uncertain+es.
All
statements
other
than
statements
of
historical
facts
are
forward-­‐looking
statements.
These
statements
involve
known
and
unknown
risks,
uncertain+es
and
other
factors
that
may
cause
our
actual
results,
performance
or
achievements
to
be
materially
different
from
those
expressed
or
implied
by
the
forward-­‐looking
statements.
This
presenta+on
is
provided
without
any
warranty
or
representa+on
of
any
kind,
either
expressed
or
implied.
The
Company
specifically
disclaims
all
responsibili+es
in
respect
of
any
use
or
reliance
of
any
informa+on,
whether
financial
or
otherwise,
contained
in
this
presenta+on.

3. PRESENTATION
TOPICS
01
Company
Snapshots
02
VerCcal
IntegraCon
03
Capacity
04
Manufacturing
05
Technology
06
Quality
07
Cost
CompeCCveness
08
Growth
Strategies
09
Polysilicon
Plant
Update

4. 01.Company
Snapshots
• Fast
Growing
Leading
PV
Manufacturer
• Global
Footprint
• Founded
in
2005,
in
Xinyu
City,
China
• 18,
000
Employees
worldwide
• LDK
Solar
Co.
Ltd.
• Sales
&
Marke+ng
offices
in
Asia,
• IPO
June
1st
2007
(NYSE:LDK)
North
America
and
Europe
• One
of
the
world’s
leading
low-­‐cost
PV
• Worldwide
wafer
and
module
manufacturers
and
suppliers
distribu+on
• VerCcally
Integrated
• Polysilicon
m
• Ingots
• Wafers
“World’s
largest”
• Cells
• Module
• Project
Development
LDK
Presence

5. Mission
&
Vision
“MISSION”
To
be
recognized
as
the
top
PV
brand
and
preferred
partner
in
the
solar
energy
industry.
“VISION”
To
be
focused
on
large
scale,
cost
effecCve
manufacturing
to
provide
cost-­‐compeCCve,
environmentally
friendly,
high-­‐quality
and
innovaCve
solar
energy
products
to
our
customers
worldwide.
COMPANY
STRENTGHS
• VerCcally
integrated
manufacturing
• Large
scale
producCon
faciliCes
• Proven
low-­‐cost
manufacturing
• High-­‐quality
products
• High-­‐efficiency
products
• Leading
global
wafer
supplier
• Diversified
global
customer
base

6. 02.
Ver+cal
Integra+on
UPSTREAM MIDSTREAM DOWNSTREAM
• Controlling
and
Monitoring
along
the
value
chain
enables
us;
• onsistently
build
high
quality
and
reliability
into
our
products
C
• p+mize
our
cost
structure
to
deliver
price-­‐compe++ve
products
O
• dopt
cueng-­‐edge
product
and
produc+on
technologies
A
• evelop
the
most
advanced
manufacturing
methods
D
• inimize
carbon
emissions
throughout
our
closed
loop
produc+on
M
process

7. 03.
Large
Scale
Capacity
 6,000
MT
 2.0
GW
capacity
 2.0
GW
 60
MW
capacity
 600
MW
capacity
today
today
capacity
today
by
end
of
3Q
10
capacity
today
 11,000
MT
 2.2
GW
capacity
 2.2
GW
 240
MW
capacity
 1.5
GW
capacity
capacity
by
the
end
of
capacity
by
end
of
2010
by
end
of
2010
by
the
end
of
2010
by
the
end
of
2010
2010
 18.000
MT
 2.6
GW
 2.6
GW
 480
MW
 2.0
GW
capacity
by
capacity
by
end
capacity
by
end
capacity
by
end
of
capacity
by
end
end
of
2011
of
2011
of
2011
2011
of
2011

8. World’s
Largest
Wafer
Manufacturers
2.6 GW
Capacity
by the end of 2011
2.2 GW
Capacity
by the end of
2.0 GW 2010
Capacity today

9. Wafer
Plants
Solar College
Third Phase
1st & 2nd Phase

10. 04.
Manufacturing
Facili+es
3,000 MT
Polysilicon Plant
2.0 GW Ingots, Wafers,
Cells Factories
15,000 MT
Polysilicon Plant

11. 05.
State-­‐of-­‐the-­‐art
technology
• R&D
Team
• 164
+
team
of
dedicated
team
of
solar
scien+sts
and
engineers.
• R&D
AcCviCes
• Dedicated
corporate
R&D
centers
for
polysilicon,
ingot,
wafer,
cell,
module
and
installa+on
applica+ons
• Joint
R&D
acCviCes
and
labs
with
universiCes
Parameters
In
5
Years
Total
Energy
ConsumpCon
120-­‐140kwh/kg
MulC-­‐ingot
size
G7(1000kg)
Wafer
Thickness
130-­‐160μm
Cell
Efficiency
(MulC-­‐crystalline)
19-­‐21%
Cell
Efficiency
(Mono-­‐crystalline)
21-­‐23%
Module
Efficiency
(MulC-­‐crystalline)
16-­‐20%
Module
Efficiency
(Mono-­‐crystalline)
19-­‐21%

12. 06.
Stringent
Quality
Standards
• Quality
Control
Team
• Industry
Leading
Warranty:
• 600+
team
of
dedicated
team
of
quality
• 25-­‐year
transferable
module
control
staff.
power
output
warranty
enhances
• Quality
Control
AcCviCes
customer
ROI
• Stringent
quality
control
across
the
en+re
ver+cal
integra+on
value
chain
as
• Bankability
of
our
products:
well
as
global
procurement
(machinery,
• LDK’s
experience
and
Munich
RE
raw
materials,
product
components.)
product
insurance
makes
new
• InternaConal
Quality
Standards
projects
finance
easier.
• ISO
9001
Quality
Management
Standards
• ISO
14001
Environmental
Life
Cycle
Management
• PV
Modules
cer+fica+ons
from
interna+onal
quality
ins+tu+ons.

13. 07.
Cost-­‐Compe++ve
Manufacturing
• Vertical Integration • Low Operating Costs
• High-quality and reliability • China based manufacturing facilities
• Optimize cost structure • Cost savings in labor, land,
• Adapt cutting edge production construction, utility, etc.
technologies
• Develop most advanced manufacturing
• Methods
• Economies of Scale • Kerf Loss & Yield
• Rapid response to market demand • 335 µm & 315 pitch for multi & mono wafers
• Cost-competitive procurement respectively
• Low wafer losses with SPC and Cpk practice
• New wire saws for wafers cutting
• Upgraded wire saws for brick squaring
• State-of-the Art technology • Closed loop operations
• State of the art technology in all • All production facilities all in China
production lines saves energy &
reduces cost. • Transportation cost savings
• Minimize carbon emission thought our
localized production process
• Slurry recovery 30 000 MT in Sep. 2009 and
another 30,000 MT in the middle of 2010

14. 08.
Aprac+ve
Growth
Strategies
Focus
on
low-­‐cost
strategies
&
1
Maintain
cost
leadership
ConCnue
to
ramp
up
2
polysilicon
producCon
Further
established
module
brand
&
3
Increase
module
sales
ConCnue
to
strength
4
verCcal
integraCon
5
Consider
strategic
alliances
&
acquisiCons

15. 09.
Polysilicon
Plant
Update
LDK’s
Polysilicon
FaciliCes
ProducCon
has
begun
in
the
15,000MT
plant
• 2
ProducCon
Sites
–
both
in
Xinyu
September 2009
Today
“Ma
Hong”
Plant
Started Ramp Up
• 7
Km
East
of
LDK’s
HQ
Production Proceeding
• 15,000
MT
Planned
Capacity
Quickly
“Xia
Cun”
Plant
• 15
km
North
of
LDK’s
HQ
2009 2010 Now
• 3,000
MT
Planned
Capacity
• LDK’s
Polysilicon
Facili+es
are
Designed
with
LDK
Polysilicon
ProducCon
(MT)
“Best
in
Class”
philosophy:
•
Lowest-­‐cost
Proven
Technology
•
Semiconductor
Grade
Polysilicon
Total 1Q 10: 692 MT
288 MT
•
Low
Environmental
Impact:
“Si
In
–
Si
Out”
•
Highest
Design
Safety
Standard
228 MT
176 MT
•
Highly
Instrumented
and
Automated

16. Top-­‐of-­‐the-­‐line
Manufacturing
Facili+es

17. Global
Partners,
Global
PV
Installa+ons
Czech
R.,
Espe
Belgium,
Enfinity
Italy,
Espe
China,
LDK

18. DISCLAIMER
THANK
YOU
JUNE
2010