Financial Data and Key Metrics Changes - Total revenue for Q2 2021 was $176 million, up 6% sequentially, consistent with guidance [29][13] - Adjusted EBITDA for Q2 was negative $27.3 million, compared to negative $25.7 million in Q1 2021 [35] - GAAP net loss was $77 million, compared to $39 million in Q1 2021, primarily due to a $35 million swing in mark-to-market remeasurement [35][36] - Cash on hand at the end of Q2 was $267 million, a net increase of $136 million sequentially [38] Business Line Data and Key Metrics Changes - Total shipments for Q2 were 434 megawatts, in line with guidance [29] - The average selling price (ASP) was $0.41 per watt, down $0.03 from Q1 2021, attributed to a shift in product mix towards P-Series products [29][30] - The distributed generation (DG) business dominated sales, while utility scale accounted for only 11% of revenue [30] Market Data and Key Metrics Changes - Strong growth was observed in the European DG markets, particularly in Italy, France, and the Netherlands [14] - The company expects to see increased shipments in Q3, projecting revenues between $220 million to $240 million, reflecting a year-on-year growth of 11% [44] Company Strategy and Development Direction - The company focuses on three strategic pillars: panel innovation, differentiated DG channel, and a focused utility scale approach [16][54] - Plans to transition from Maxeon 2 technology to higher-margin Maxeon 6 technology are underway, with expectations to ship the first panels later this year [15][40] - The introduction of Maxeon Air technology is anticipated to capture a significant market in Europe, with shipping expected to begin in 2022 [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from supply chain costs and COVID-19 disruptions but expressed confidence in operational improvements and future growth [41][43] - The company is optimistic about U.S. legislative proposals supporting domestic solar manufacturing, which could enhance their market position [24] - Management expects to maintain a strong liquidity position and continue focusing on operating cash flow [112] Other Important Information - The company published its inaugural sustainability report, aligning its goals with the United Nations Global Compact [27] - The transition to a new manufacturing network is expected to incur costs but is seen as a long-term investment for profitability [42][49] Q&A Session Summary Question: What would gross margin be in a normalized logistics environment? - Management indicated that significant headwinds are temporary and provided a rough estimate of $15 million in increased costs for Q3 [58][59] Question: Are any fabs in the Philippines disrupted by COVID-19? - Management confirmed that operations in the Philippines are running at full capacity, with no disruptions reported [60][61] Question: What is the capacity utilization in Malaysia? - The Malaysian plant is temporarily shut down until August 19 due to COVID-19, but management is confident in reopening safely [63][64] Question: Have there been revenue shortfalls due to production delays? - Management stated that inventory levels would help mitigate any potential revenue shortfalls from production stoppages [66] Question: Can you discuss the parameters of the DOE loan guarantee for U.S. expansion? - Management expressed high confidence in securing the DOE loan guarantee, which would cover 80% of capital expenditures for the expansion [74][78] Question: What is the expected volume for P-Series in Q3 and Q4? - Management indicated that most near-term growth would come from P-Series, with a favorable outlook for 2022 [85][87] Question: When do you expect the shipping situation to improve? - Management noted that logistics costs are a dynamic situation and emphasized efforts to reduce transportation exposure through local production [90][91] Question: How is the reception for Maxeon Air technology? - The Maxeon Air technology was well received at the SNAC Conference, with plans for scaling production in 2022 [93] Question: What is the margin profile for AC panels? - Management indicated that margins for AC panels are comparable to traditional panels, providing potential for margin improvement as the segment grows [105]

INVESTOR PRESENTATION MAXEON SOLAR TECHNOLOGIES June 2021 © 2021 Maxeon Solar Technologies SAFE HARBOR STATEMENT This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: (a) our expectations regarding pricing trends, demand and growth projections; (b) potential disruptions to our operations and supply chain that may result from epidemics or natural disasters, including the duration, ...

1Q 2021 RESULTS SUPPLEMENTAL SLIDES May 20, 2021 © 2021 Maxeon Solar Technologies SAFE HARBOR STATEMENT This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: (a) our expectations regarding pricing trends, demand and growth projections; (b) potential disruptions to our operations and supply chain that may result from epidemics or natural disasters, including the duration, scope and ...

Call Start: 18:00 January 1, 0000 6:42 PM ET Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Q1 2021 Earnings Conference Call May 20 2021 18:00 PM ET Company Participants Gary Dvorchak - IR, The Blueshirt Group Jeff Waters - Chief Executive Officer Peter Aschenbrenner - Chief Strategy Officer Kai Strohbecke - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Philip Shen - Roth Capital Partners Pavel Molchanov - Raymond James Operator Good day Ladies and Gentlemen. Welcome to the M ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________ FORM 20-F ______________________________ ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended January 3, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT ...