Company Presentation October 2010
Disclaimers & Safe Harbour Statement This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of Trina Solar Limited (the � Company � ) in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The information herein has been prepared by the Company solely for use in this presentation. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Company or any of its affiliates, advisors or representatives will be liable (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. 2
1. A Global Solar Player 2. World Class Manufacturing 3. Trina Solar Strategy 4. Market and Sales
The Roadmap to Leadership � Module Shipments Module Shipments, in MW 2006 1 2007 1 2008 1 2009 2 2010 (est.) 2 435 363 498 1,112 On track to be among the largest PV 180 309 458 704 module suppliers 900-930 Top 399 6 Top 201 10 Top 76 15 Top 27 20 Growing into an industry leader Growing into an industry leader while maintaining strong financials. while maintaining strong financials. 4 1_Source: Navigant Consulting, Solar Outlook 01-2010 2_Source: Company releases
Company Snapshot China ROW Czech Rep. 3-5% 2-3% 4-6% � Founded in 1997, in Changzhou, China USA Germany 13-15% France � 29-31% $845.1mm in Revenue in FY09 4-6% � >11,000 employees worldwide 1 Spain Italy Italy 10-12% � 19-21% Listed on the NYSE (under TSL ticker) Belgium 19-21% 7-9% � One single manufacturing campus Estimated shipments in 2010 2 2 Estimated shipments in 2010 Over 1GW of modules shipped since 2006 900-930 MW Our Advantage: Vertically Integrated Business Model System Ingot Wafer Cell Module 5 1_As of August 2010 2_ Estimate provided in Trina Solar Q2 2010 Earnings Call
Module Capacity Expansion Module Shipments (MW) Main facts 900-930 Module Power Range 170 � 290Wp 170 � 290Wp Wafer Thickness 180 µm 180 µm 399 Up to 19.5% mono Up to 19.5% mono Cell Efficiency 1 201 Up to 18.0% multi Up to 18.0% multi 75 27 Polysilicon Usage 6.0g/W in 1Q10 6.0g/W in 1Q10 2006 2007 2008 2009 2010 Module Capacity (MW) 6 1_Test production line basis 2_ Cell and Module Capacity by end of August 2010
Long-Term Expansion Plans Phase 1 Trina PV Park East Campus (Phases 2 and 3) - Finished - Facility Site � 500+MW production facility � Single manufacturing campus � Increased degree of vertical integration and automation Trina Photovoltaic Park Facility Site � Strategic location of key suppliers � Suppliers bring benefits like cost savings R&D and manufacturing cluster � Cluster effect Phase 2 � Sharing research/test lab capabilities Phase 3 (Current) Integrated manufacturing capabilities allows better control of � � � quality � yield � cycle time cost product development 7 7
Top Management Team � 20+ years of management and entrepreneurial experience Jifan Gao Jifan Gao � Visionary founder of Trina Solar Ltd, in 1997 Chairman and Chairman and � Standing Vice Chairman of the New Energy Chamber of Commerce of the All-China Chief Executive Officer Chief Executive Officer Federation of Industry and Commerce � 20+ years of experience in finance and accounting Terry Wang Terry Wang � Former Exec. VP of Finance of Spreadtrum (NASDAQ:SPRD) Chief Financial Officer Chief Financial Officer � Former Controller at one of the world's largest NASDAQ-listed semiconductor assembly and testing companies � Over 15 years of global experience in Fortune 500 Companies in managing key HR Stephanie Shao Stephanie Shao functional areas and Marketing Management across industries and geographies Chief Human Resource Officer Chief Human Resource Officer � Proven record in building people and organizational capabilities and business partnership to support global business growth � Ph.D in Social & Organizational Psychology from Rutgers University and Executive Education in Marketing Management from Columbia Business School 8 8
1. A Global Solar Player 2. World Class Manufacturing 3. Trina Solar Strategy 4. Market and Sales
Our Competitive Advantage The Best $/kWh Value � Modules ranked by TUV Rheinland (GER) 1 and Desert Knowledge Center � Modules ranked by TUV Rheinland (GER) 1 and Desert Knowledge Center (AUS) 2 tests as one of the best performing module compared with other (AUS) 2 tests as one of the best performing module compared with other leading international brands leading international brands � CENTER FOR EXCELLENCE : world class in-house testing center � CENTER FOR EXCELLENCE : world class in-house testing center � A single campus to ensure optimal yield and quality throughout the entire � A single campus to ensure optimal yield and quality throughout the entire manufacturing process manufacturing process � Efficient management of our supply chain � Efficient management of our supply chain � Cell efficiency : Achieved 18.8% for mono & 17.5% for multicrystalline end of � Cell efficiency : Achieved 18.8% for mono & 17.5% for multicrystalline end of 2009 3 2009 3 � Goal : reach up to 19.5% mono and 18.0% multi by end of 2010 3 � Goal : reach up to 19.5% mono and 18.0% multi by end of 2010 3 � Maintained healthy financials all year round, for a FY09 Gross Margin of � Maintained healthy financials all year round, for a FY09 Gross Margin of 28.1% 28.1% � As of June 30, 2010, the Company had $685.3 million in cash and cash � As of June 30, 2010, the Company had $685.3 million in cash and cash equivalents and restricted cash. equivalents and restricted cash. 10 1_ TUV Reinland's Energy Yield 2008 � (period from June 1 to September 30, 2008) 2_ see slide 12 for more details 3_ Test production line basis
Our Facilities 11 11
1. A Global Solar Player 2. World Class Manufacturing 3. Trina Solar Strategy 4. Market and Sales
Trina Solar Strategy Expand product line to serve more customer segments and markets worldwide Portfolio Large product line from 175Wp to 290Wp strategy New products tailored for residential and utility systems Internal reliability testing on module & materials Accelerated Life Testing reliability tests � 25yr warranty Reliability & Working closely with UL, ICIM, TUV and customers technology Full vertical integration to ensure top quality at each step Local sales & technical team to support sales On-line after sales service launched DELIVER THE BEST VALUE TO Customer focus Develop global & diversified customer base to organization mitigate risk and reduce currency exposure CUSTOMERS & INVESTORS 13 13
Products For Every Segment RELIABLE PRODUCTS Residential Solutions for all applications � Positive tolerance for all products RESIDENTIAL (0+3%) COMMERCIAL � Ongoing research and testing to INDUSTRIAL minimize Micro-cracks Commercial UTILITY � LID testing � Experimenting with module color to provide customers with custom solutions Utility � Certificates for all major markets (TUV, UL, ICIM, VDE, JET and SGS) 1 � Offer a 5-year manufacturing warranty , 10-year output warranty (90%) and 25-year output warranty (80%) 14
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