TPI Composites Investor Presentation — May 2022

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Q1 2022 Earnings Call

May 5, 2022Q1 2022 Earnings Call

May 5, 2022Legal Disclaimer

This presentation contains forward -looking statements within the meaning of the federal securities law. All statements other tha n statements of historical facts contained in this presentation, including

statements regarding our future results of operations and financial position, business strategy and plans and objectives of m anagement for future operations, are forward -looking statements. In many cases,

you can identify forward -looking statements by terms such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “inten ds,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,”

“potential” or “continue” or the negative of these terms or other similar words. Forward -looking statements contained in this pr esentation include, but are not limited to, statements about: i. the potential impact

of the COVID -19 pandemic on our business and results of operations; ii. competition from other wind blade and wind blade turbine manufacturers; iii the discovery of defects in our products and our ability to

estimate the future cost of warranty campaigns; iv. growth of the wind energy market and our addressable market; v. our abili ty to absorb or mitigate the impact of price increases in resin, carbon

reinforcements (or fiber), other raw materials and related logistics costs that we use to produce our products; vi. our abili ty to procure adequate supplies of raw materials and components in a cost -effective

manner to fulfill our volume commitments to our customers; vii. the potential impact of the increasing prevalence of auction -based tenders in the wind energy market and increased competition from solar

energy on our gross margins and overall financial performance; viii. our future financial performance, including our net sale s, cost of goods sold, gross profit or gross margin, operating expenses, ability to

generate positive cash flow, and ability to achieve or maintain profitability; ix. changes in domestic or international gover nment or regulatory policy, including without limitation, changes in trade policy; x.

changes in global economic trends and uncertainty, geopolitical risks, and demand or supply disruptions from global events; x i. the sufficiency of our cash and cash equivalents to meet our liquidity needs; xii.

our ability to attract and retain customers for our products, and to optimize product pricing; xiii. our ability to effective ly manage our growth strategy and future expenses, including our startup and transition

costs; xiv. our ability to successfully expand in our existing wind energy markets and into new international wind energy mar kets, including our ability to expand our field service inspection and repair services