1 1

SolarPlaza

November 2013

Saudi Arabia in a Global PV context

CSO & Head of Emerging Markets:

Arturo.herrero@jinkosolar.com

2 2

1. Overview of JinkoSolar 2. Global Demand switch in PV Solar 3. Consolidation on PV Suppliers: dynamics in China 4. Drivers for Success in PV

1. cost reduction 2. Efficiency roadmap & Quality high standards 3. Bankability & References

5. South Africa as a Reference 6. Special Program in Saudi Arabia

Agenda

3 3

Our Mission & Target

“ JinKo Solar’s mission is to deliver the cleanest,

most efficient and economic solar energy

solutions for a sustainable future. “

JinKo Solar is WELL-POSITIONED to reach GRID PARITY:

1. Vertically-integrated Business Model

2. Economies of Scale: 1.7 GW -> Expanding to 2 GW in 2014

3. Cost Control along the Value Chain

4. Product Innovation, Efficiency Improvement

Virgin Polysilicon

Recovered Silicon Materials

Modules Cells Wafers Ingots Systems

4

New Jersey Office

JinkoSolar (U.S.) Est. Aug 2010

San Francisco office (US HQ)

JinkoSolar GmbH Est. April 1, 2010

Swiss Office Est. Sept.2011

European Warehouses

Montpellier office

(France) Bologna Office (Italy)

Singapore office (APAC HQ)

India office (in process)

Ontario office (Canada)

JinkoSolar production facilities

Queensland Office (Australia)

Tokyo office (Japan)

Vertical Integration-Capacity Growth

• Production facilities（Shangrao and Haining) • Production assembly in South Africa • Production facilities in Portugal • 13 sales offices in 10 countries • 2012 ranking in key solar markets: #1 Italy #2 France #3 Germany #2 China #1 South Africa (400 MW in Round 1&2)

Shanghai and office in Beijing

South Africa Office

Global Network to Achieve Better Service

2009 Mid-2010

2010

1

Mid- 2011

2011

Ingot Wafer Cell Module

0.6GW

1 GW 1.2GW

2013

Closer-to-market Product Feedback

Region-based Customer Services

Shorter Response Lead Time

Centralized Production and Regional Warehouse

1.7GW

5

Milestones

Jinko Solar Co., Ltd. established

Launching ingot manufacturing

Acquiring Sun Valley (cell & module manufacturer)

Operating the 1st fully automated PV module NPC production line in China

Successful IPO and listed in NYSE

German Office & USA Office Launched

Reaching 1 GW Capacity

Swiss & French & Italy Office launched Beijing Office launched

Sponsorship of Valencia C. F., San Francisco 49ers, Germany DFB stadium

2006 2007 2008 2009 2010 2011 2012 2013

Japan Office Launched

7 7

Solid Financial Platform

($ millions)

Sales Volume Total Revenue(1)

(2)

• JinKo was the only profitable solar module Manufacturer of the 11 PV Listed companies in 2011. And still maintain POSITIVE gross margin in 2012

• JinKo has increased shipment year-over-year, and debt ratio is one of the lowest in the industry with very healthy cash flow.

(MW)

319 229

705

1200

758

2008 2009 2010 2011 2012

Revenue

151 224

480

951

1188

2008 2009 2010 2011 2012

Shipment (MW)

8

Quarterly Gross Profit & Margin Quarterly Shipment & Revenue

Quarterly Operating Profit & Margin

Financial Performance

Net Income, Net Margin & Diluted EPS

($MM)

(MW)

17.7%

3Q 13

20 %

9 9

Emerging Markets: Switching from traditional markets

10 10 Source: Solarbuzz Marketbuzz 2013

2013 Geographical Diversification

Emerging Markets

8 GW

6 GW

6 GW 5 GW

11 11

Projections Geographically

12

Global Forecast

• 2013：37 GW

• 2014：45 GW

• 2015：52 GW

12

2013

2015

2014

Rest of the World: 2013: 6 GW 2014: 11 GW 2015: 19 GW

19

Source: Internal compiling: HIS, Bloomberg , Solarbuzz Marketbuzz 2013,…

13 13

70% Global Production from China

14 www.jinkosolar.com 14

BNEF.- MARKET Consolidation

According to BNEF (as of Oct’12), Jinko Solar modules are considered “of

historically high quality standards and traditionally assessed by third party due

diligence providers”.

2012

2013

15

Leaders in Growth Performance, Financial & Operational Efficiency

www.jinkosolar.com 15

2012 PV sustainable growth index ( Oct. 2012)

As the solar industry matures, JKS separates from the pack: The company managed

to grow in a very competitive environment and is now battle-tested thanks to a more

strategic business model, better technology, and more efficient operations.

16

Driver for success: COST REDUCTION

18

0.16 0.14 0.12 0.09

0.58 0.52

0.47 0.45

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

Q1 12 Q2 12 Q3 12 Q14 12

Coste No-silicio Coste Silicio

Leader in driving production costs down

Total Cost $0.66

Total Cost $0.74

Total Cost $0.54

Jinko Solar 2012 Module production costs (in USD)

• Continuous improvements in Operating Efficiency and Technological Advancements .

• Important Competitive Advantages in silicon:

Purchasing Silicon at spot price, resulting in decrease of total cost.

Total Cost $0.59

Jinko Solar is the LEADER IN COST

Production in USD/Watt

19

Driver for success: INCREASING Efficiency

20 20

PV Cell Conversion Efficiency

17.6% 17.8%

18.0% 18.1%

18.2% 18.3% 18.4% 18.4% 18.5%

17.0%

17.2%

17.4%

17.6%

17.8%

18.0%

18.2%

18.4%

18.6%

Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

265W

270W

280W

255

260

265

270

275

280

285

Dec.2012 Dec.2013 Dec.2014

Polycrystalline Module Output Power

Polycrystalline 60-cell module achieves a 270 Watt, the highest power in the market’s

Launched world’s first double 85 (85℃/85% RH) certified PID Free module

Passing anti ammonia, anti salt mist, anti dust tests, withstanding high loads (5400 Pa)

The 1st Chinese module manufacturer passing dynamic mechanical load test

Excellent low light performance

Leading Technology to Increase Efficiency

21

Driver for success: Certified Quality

22 22

World Leading Technology

23

JKM-200M-72 JKM250M-60 JKM270M-96 JKM300M-72 JKM290P-72 JKM245P-60

Worldwide Certified Products

JinKo achieved "A" rating for Brazil's National Institute of Metrology, Quality and Technology (Inmetro ).

JinKo modules passed PID (potential induced degradation) test at 85C and 85% humidity.

We are the first PV company to past PID test at this high temperature and high humidity level

at -1000 Voc, 96 Hrs.

•Tests of the National Center of Supervision & Inspection on Solar Photovoltaic Product (CPVT).

•CSA International confirmed that our Poly crystalline module, model JKM230P-60, satisfies the Potential Induced Degradation rated

24 www.jinkosolar.com 24

Measure the electrical characteristics of the module, confirm module grade, classify modules according to electrical for easy installation Employ Electroluminescence Test (EL) to inspect for potentially defective cells.

Why Jinko is Different – Testing

Mono crystalline EL test Multi crystalline EL test

Mono crystalline IR test Multi crystalline IR test

25

EMS- Electronic Management System • 16 in-line quality control points in module workshop • Precise data-recording & supervision for all the manufacturing QC points

Product Traceability Control • Tracking card with unique barcodes tracing from module back to ingot • Long term data accessibility

Supplier ID:706897

Quality Control System

26

• 25 year 80% power output warranty • 12 year 90% power output warranty • 10 year workmanship warranty • With 3% Positive tolerance

Premium Warranty

27

Driver for success: Bankability

28

JinKo Solar bankable and have good relationship with over 60 major

International banks:

Santander, BBVA, BNP Paribas, Unicredit, Société Générale, Wells Fargo, US Bancorp, Intesa Sao Paolo, KFW, Dexia, Fortys, ING, Natixis, RMB, NordLB, DKB, HSH Nordbank, Rabobank, Investec, Fifth Third Bank, …

Financially very Healthy.

Technically very Advanced.

Guarantees the best in the PV Market

Due Diligence 3rd Party Auditors:

ASTROM (Spain) PROTOS (Italy) ENERTIS (Spain) RINA – Unicredit (Italy) URS (USA) FICTHNER (Germany) BUREAU VERITAS (France) R. W. BECK (USA) Garrald & Hassand

JinKo Solar World-wide Bankability

29 29 29

Our Partners – EPC and Developers

30

660 kW, Lausanne, Switzerland 1 MW, Straz, Czech Republic

3.3 MW Solar Tunnel, Belgium

10 kW NY, USA 62 MW Ravenna, Italy

219 kW Photon Lab , Germany

800 kW Schongau, Germany

300 kW Denver, USA

10 kW New Castle, Australia 2.4 MW Galatina Insite - Italy

100 kW, Kfar Yehezkel, Israel

18 MW Dunhuang Utility, China

Global Projects

31

JinKo Utility-Scale Projects References

Location Country Size Completion time 1 Ravenna Italy 62 MW 2010 2 Lazio Italy 10 MW 2010 3 Masseria Giorgini Italy 7.7 MW 2011 4 Suvereto Italy 6 MW 2011 5 Jocksdorf Germany 19 MW 2012 6 Magdeburg Germany 8.5 MW 2011 7 Gut Werchau Schlieben Brandenburg Germany 7.7 MW 2012 8 Straz Czech Republic 5 MW 2010 9 Resen - Viliko Tarnova Bulgaria 5 MW 2011

10 Simferopol Ukraine 70 MW 2011 11 Jussac France 12 MW 2011 12 Couteuge France 10 MW 2011 13 Istres France 10 MW 2012 14 Robeson County, NC USA 6.4 MW 2012 15 Canton MA USA 6 MW 2012 16 Gansu JinChang China 51 MW 2012 18 Gansu Zhangye China 50 MW 2012 19 Xinjiang HaMi China 30 MW 2012 21 Qinghai Delinghai China 30 MW 2012 23 AWaDiXian aksu prefecture, xinjiang China 21 MW 2012 24 Gansu Jinchang China 20 MW 2012 25 Xinjiang Shaya China 20 MW 2012 29 Gansu WuWei China 20 MW 2012 31 Gansu Dunhuang China 18 MW 2012 34 Qinghai Gonghe China 10 MW 2012 35 Gansu Wuwei Liangzhou China 8 MW 2012 36 Gansu Jinchang China 7 MW 2012

32

Success in South Africa

33 33

Two Projects : Phase I and Phase II

A) KATHU Project.- 81 MW in Phase I Developer:

Deliveries: February 2013 till October 2013 9 MW/month

B) 2 Projects.- 115 MW in Phase II

Developer:

Deliveries: September 2013 till June 2014 12 MW/month

C) SISHEN Project.- 94 MW in Phase II

Developer: AVENG GROUP

Deliveries: September 2013 till June 2014 10 MW/month

34 34

KATHU Project by:

The PV Plant will be installed on Portion 5 of the Farm Wincanton 472, located 17km North-West of the town of Kathu in the Northern Cape Province

35 35

LOCAL CONTENT: Assembly Plant

LOCAL CONTENT : 15-20 % for Phase III.

Frame, Jbox, Cable to be PROCURED LOCALLY.

EVA, TPT, Glass sourced from top suppliers.

Total Plant dimensioned : 100 MW

Production timeline: 100MW in Phase 1.

Q2 2014: 10 MW, Q3 2013: 25 MW, Q4 15: 50 MW, Q1 2015: 100MW

Module Type: the Wing Series, high efficiency modules (255 W-poly).

36

Opportunity in Saudi Arabia

37

K.A.CARE projections

• The most recent K.A.CARE projections envision a total of 24 GW capacity of renewable power by 2020

• increasing to 54 GW capacity by

2032.

1. The Introductory Round is expected to result in contracts for 500 to 800 MW.

2. 2 GW to 3 GW capacity is considered to be a reasonable total target capacity for the first procurement,

3. increasing to between 3 GW to 4 GW for the second procurement.

• Over the first five years of the program, approximately 5 GW capacity of renewable capacity is to be added.

www.jinkosolar.com

38

Expected PV Installation in Saudi Arabia

www.jinkosolar.com

0

2

4

6

8

10

12

14

16

Saudi Arabia

Source: K.A.Care

???

39

Off-grid application

Utility Scale

Jinko Solar’s contribution

Opportunity in Saudi Arabia

High efficient modules

PID free modules

Sand & dust certification

Tested in large scale desert project

Savings several Bln$/year Preserve the environment Create new job opportunities

PV as main source Substitute Diesel For desalination

40

Saudi Attractiveness … is still, a Mystery to discover!

Opportunity in Saudi Arabia

41 www.jinkosolar.com

CSO & Head of Emerging Markets:

Arturo.herrero@jinkosolar.com

THANK YOU!!