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Introducing MEMC - MEMC Electronic Materials, Inc.

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Technology is built on us.<br />

<strong>Introducing</strong> <strong>MEMC</strong><br />

<strong>MEMC</strong>, based in St. Peters, Missouri, is a global leader in the manufacture and sale of wafers and<br />

related products to the semiconductor and solar industries. <strong>MEMC</strong>’s products are the building blocks<br />

for the $1 trillion electronics and the $18 billion solar cell and module markets. Through its SunEdison<br />

subsidiary, <strong>MEMC</strong> is also a developer of solar power projects and is North America’s largest solar energy<br />

services provider. <strong>MEMC</strong>, which was founded in 1959, employs approximately 4,800 people worldwide<br />

and recorded sales of $1.2 billion in 2009. <strong>MEMC</strong>’s stock is traded on the New York Stock Exchange<br />

under the symbol WFR and is included in the S&P 500 Index.<br />

<strong>MEMC</strong> operates three business units: Semiconductor <strong>Materials</strong>, Solar <strong>Materials</strong> and Solar Energy.<br />

Semiconductor <strong>Materials</strong><br />

Served market size: $7 billion<br />

Silicon wafers are the foundation<br />

upon which semiconductor devices<br />

are built. Semiconductor devices<br />

in turn supply the intelligence in all<br />

electronic devices from computers to<br />

smart phones, TVs, gaming devices,<br />

music players, appliances and even<br />

satellites. Our innovations add value<br />

for semiconductor device makers,<br />

helping them reduce costs while<br />

improving the devices they build by<br />

holding more memory, performing<br />

faster or having longer battery life.<br />

Funding these advancements and<br />

next generation technologies requires<br />

financial strength and asset-efficient<br />

strategies. This has contributed<br />

to the reduction in the number of<br />

competitors we face from dozens<br />

before 1990 to about six today.<br />

solar <strong>Materials</strong><br />

Served market size: $10 billion<br />

Silicon wafers are also the foundation<br />

for most solar cells. Grouped together<br />

to form solar modules, cells convert<br />

energy from the sun into usable electricity.<br />

While solar energy installations<br />

have grown at a compound annual<br />

growth rate in excess of 40 percent<br />

during the past decade, solar energy<br />

still represents less than 1 percent<br />

of the world’s energy consumption.<br />

<strong>MEMC</strong> is uniquely positioned to<br />

help increase the prevalence of<br />

solar technology around the world.<br />

The Company’s aggressive cost<br />

reductions, production efficiencies<br />

and focus on proprietary technology<br />

development, are aimed at helping<br />

customers achieve grid parity, making<br />

solar energy cost competitive without<br />

government subsidies.<br />

Solar Energy (SunEdison)<br />

Served market size: $39 billion<br />

Corporations, government agencies<br />

and utilities around the world have<br />

become increasingly interested in<br />

generating solar energy on their<br />

roof or other property. SunEdison<br />

develops, finances, installs and<br />

operates such distributed solar<br />

power plants for its customers.<br />

The customer then purchases the<br />

electricity at predictable, competitive<br />

prices over a fixed time period.<br />

SunEdison’s proprietary Client<br />

Connect software gives customers<br />

full visibility into the performance<br />

of their solar power plants, including<br />

electricity production, energy costs<br />

and savings, and environmental<br />

attributes.<br />

Positioned to Lead<br />

Wafer Market Leader<br />

• Integrated polysilicon, semiconductor wafer and solar<br />

wafer provider<br />

• Established and growing customer relationships in over<br />

30 countries around the world<br />

Technology Leadership<br />

• Extensive intellectual property portfolio with more than<br />

700 worldwide patents and 350 applications on file<br />

• First large-volume manufacturer of Fluidized Bed<br />

or “granular” polysilicon<br />

Operational Expertise<br />

• Competitive cost structure with further improvements targeted<br />

• Global manufacturing, sales and service footprint makes<br />

<strong>MEMC</strong> a “local” supplier to our customers<br />

Diversified Markets<br />

• One of only four major suppliers of semiconductor<br />

wafers and a proven supplier to the solar industry<br />

• Balanced market position provides stability and growth<br />

New Opportunities<br />

• Acquired in 2009, SunEdison’s downstream leadership<br />

in solar project development accelerates growth<br />

• Acquired in 2010, Solaicx’s proprietary process and<br />

equipment provides entry into fast-growing, adjacent<br />

monocrystalline solar market


www.memc.com<br />

Global Sales and Manufacturing<br />

Portland, Oregon<br />

St. Peters, Missouri<br />

Merano, Italy*<br />

Novara, Italy<br />

Chonan, South Korea<br />

Utsunomyia, Japan<br />

Sherman, Texas<br />

Hsinchu, Taiwan<br />

Pasadena, Texas*<br />

Ipoh, Malaysia<br />

Kuching, Malaysia<br />

Kuala Lumpur, Malaysia<br />

Manufacturing Facilities Sales & Support Offices SunEdison<br />

St. Peters, Missouri<br />

Sherman, Texas<br />

Pasadena, Texas<br />

Portland, Oregon<br />

Merano, Italy<br />

Novara, Italy<br />

Kuala Lumpur, Malaysia<br />

Kuching, Malaysia<br />

Ipoh, Malaysia<br />

Hsinchu, Taiwan<br />

Chonan, South Korea<br />

Utsunomiya, Japan<br />

* Indicated locations are Polysilicon manufacturing facilities.<br />

St. Peters, Missouri<br />

Santa Clara, California<br />

Sherman, Texas<br />

Paris, France<br />

Novara, Italy<br />

Singapore<br />

Driving Sustained Achievement at <strong>MEMC</strong><br />

Shanghai, China<br />

Hsinchu, Taiwan<br />

Seoul, South Korea<br />

Tokyo, Japan<br />

Toronto, Canada<br />

Prescott, Arizona<br />

Sacramento, California<br />

San Clemente, California<br />

San Francisco, California<br />

Denver, Colorado<br />

Beltsville, Maryland<br />

Pennsauken, New Jersey<br />

Portland, Oregon<br />

San Juan, Puerto Rico<br />

St. Thomas, Virgin Islands<br />

Chennai, India<br />

Seoul, South Korea<br />

Dubai, U.A.E.<br />

Paris, France<br />

Lecce, Italy<br />

Milan, Italy<br />

Barcelona, Spain<br />

Madrid, Spain<br />

<strong>MEMC</strong>’s mission is to provide the highest-value products and services to customers in the semiconductor and solar<br />

industries through exceptional quality, technology, and service.<br />

Values are the foundation of the Company. They define <strong>MEMC</strong> and how work is done, and they never change.<br />

The Company’s decisions are grounded in these values, and they guide relationships with customers, suppliers,<br />

shareholders, the community, and employees. The people of <strong>MEMC</strong> live these values every day: Integrity, teamwork,<br />

diversity, and performance.<br />

<strong>MEMC</strong>’s culture is what makes the Company unique. It’s how <strong>MEMC</strong> chooses to operate the business. It is a<br />

combination of <strong>MEMC</strong>’s vision and philosophy of retaining, promoting, and attracting the right people, operating in a<br />

way that directly reflects the Company’s core values, and putting customers first. The <strong>MEMC</strong> culture is: customer-driven,<br />

externally focused, innovative, lean, and characterized by the belief that challenges equal opportunity.<br />

The Wafer Manufacturing Process<br />

Granular polysilicon Ingot growth Wafer slicing Wafer polishing<br />

(semiconductor)<br />

Epitaxial deposition<br />

(semiconductor)<br />

Wafers in shipping cassette


<strong>MEMC</strong> History<br />

<strong>MEMC</strong>’s history includes decades of innovation, industry leadership and financial prudence. Today we are making<br />

strategic decisions to reduce our risk, expand our served markets and position <strong>MEMC</strong> with the right products and cost<br />

structure to enable future revenue and profit growth. As we begin our next 50 years, our strategic vision is clear and we<br />

have a skilled global team ready to take us forward.<br />

1959 Monsanto <strong>Electronic</strong> <strong>Materials</strong> Company (<strong>MEMC</strong>) formed<br />

1962 CZ silicon crystal process developed<br />

1965 <strong>MEMC</strong> develops polishing process for silicon wafers<br />

1966 First epi reactors installed at <strong>MEMC</strong><br />

1966 Scientists at <strong>MEMC</strong> begin developing zero-dislocation crystal<br />

1975 First commercial production of 100mm wafers<br />

<strong>MEMC</strong> is born in 1959<br />

1982 <strong>MEMC</strong> pioneers epi wafers for CMOS applications<br />

1984 Commercialized 200mm wafers<br />

1989 <strong>MEMC</strong> acquired by E.ON affiliate<br />

1991 300mm wafers developed<br />

First 100mm wafers<br />

1995 <strong>MEMC</strong> Initial Public Offering on the NYSE<br />

1998 <strong>MEMC</strong> develops agglomerated defect free ‘Perfect Silicon’<br />

1999 Advanced generation 200mm DSP wafers developed<br />

2000 <strong>MEMC</strong> introduces defect-free engineered products ‘MDZ’ & ‘Optia’<br />

2002 Significant 300mm expansion<br />

Development of ‘Perfect Silicon’<br />

2003 Expanded New <strong>Materials</strong> R&D group and introduced next generation<br />

300mm ‘Perfect Silicon’<br />

2004 Crossed over $1B revenue mark; acquired Taisil<br />

2005 First 300mm production in Taiwan<br />

2006 Announced entry into solar wafer market on a large scale<br />

2007 <strong>MEMC</strong> added to S&P 500; Began wafer deliveries to solar customers<br />

<strong>MEMC</strong> ships solar wafers<br />

2008 Crossed over $2B revenue mark; crossed $1B to solar market<br />

2009 <strong>MEMC</strong> celebrates 50 year anniversary; acquires leading solar project<br />

developer, SunEdison<br />

2010 Broadened product offering into fast-growing monocrystalline solar<br />

market with acquisition of Solaicx<br />

<strong>MEMC</strong> acquires SunEdison<br />

Contact Information<br />

<strong>MEMC</strong> • 501 Pearl Drive (City of O’Fallon) • P.O. Box 8 • St. Peters, MO 63376 • (636) 474-5000<br />

Contact: Bill Michalek • Director, Corporate Communications • (636) 474-5443 • www.memc.com<br />

AAG100110

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