Exhibit 99.3
 
| 1|
Fourth Fiscal Quarter 2015
Earnings summary
August 12, 2015
 
 
 
| 2|
SAFE HARBOR
Use of Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking
statements include information, among other things, concerning: our possible or assumed future results of operations; future demands for solar energy
solutions; business strategies; technology developments; financing and investment plans; dividend policy; competitive position; industry and regulatory
environment; general economic conditions; potential growth opportunities; and the effects of competition.
Forward-looking statements are only predictions based on our current expectations and are inherently subject to risks and uncertainties. They should not
be considered guarantees of future results, which could differ materially from the results set forth in, contemplated by, or underlying this presentation.
Factors that could cause actual results to differ materially from our expectations are described in the reports filed by SolarEdge with the Securities and
Exchange Commission and we encourage you to review our filings carefully, especially the sections entitled “Risk Factors” in our Registration Statement on
Form S-1 (including the related prospectus).
SolarEdge undertakes no duty or obligation to update any forward-looking statements contained in this presentation as a result of new information, future
events or changes in its expectations.
This presentation describes non-GAAP net income and non-GAAP net diluted earnings per share, which are not measures prepared in accordance with U.S.
GAAP (i.e. "Non-GAAP" measures). The Non-GAAP measures are presented in this presentation as we believe that they provide investors with a means of
evaluating and understanding how SolarEdge’s management evaluates the company’s operating performance. These Non-GAAP measures should not be
considered in isolation from, as substitutes for, or superior to financial measures prepared in accordance with U.S. GAAP.
 
 
 
| 3|
KEY OPERATING METRICS
$$$
1,138K optimizers
shipped
44K inverters
shipped
284 Megawatts
shipped
$98.4M revenues
 
 
 
| 4|
FISCAL FOURTH QUARTER HIGHLIGHTS
Financial highlights for quarter
   Record revenue of $98.4 million, up 13.9% QoQ; 120.8% YoY
   GAAP gross margin of 28.7%
   GAAP net income of $9.3 million
   Non-GAAP net income of $13.8 million
   Cash generated from operations $15.7 million
Business highlights for quarter
  ASP slightly above plan, despite price pressure
  Continued to increase manufacturing capacity
  284 Megawatts AC inverters shipped
  1,138K optimizers and 44K inverters shipped
 
 
 
| 5|
YEAR OVER YEAR HIGHLIGHTS
Financial highlights for FY 2015
  Annual revenues of $325.1 million, YoY growth of 144.0%
  GAAP gross margin of 25.2%
  GAAP net income of $21.1 million
  Non-GAAP net income of $29.4 million
Business highlights for FY 2015
  920 Megawatts AC inverters shipped
   3,534K optimizers and 150K inverters shipped
   Significant increase in U.S. and European market share
  Successful IPO
 
 
 
| 6|
NOTEWORTHY
  Continue growth in commercial markets in the U.S. and rest of world
  Launch of three phase 25-33kW inverters enables broader entry into large
 commercial markets
  SolarEdge-Tesla collaboration progresses; Tesla-ready products expected to arrive in
 market by fourth calendar quarter 2015
  First automated assembly center installed in Hungary
 
 
 
| 7|
FINANCIAL RESULTS
 
USD in millions*
FYQ4 '15
FYQ3 '15
FYQ4 '14
 
Revenues
98.4
86.4
44.6
 
Gross margin
28.7%
27.4%
19.6%
 
Operating expenses
16.4
13.9
11.2
 
Operating income (loss)
11.9
9.8
-2.4
 
Net income (loss)
9.3
6.0
-3.0
 
Net diluted earnings per share
0.21
0.01
-1.08
*with the exception of gross margin and per share data
 
 
 
| 8|
NON-GAAP FINANCIAL RESULTS
*with the exception of gross margin and per share data
 
USD in millions*
FYQ4 '15
FYQ3 '15
FYQ4 '14
 
Revenues
98.4
86.4
44.6
 
Gross margin
28.9%
27.6%
19.6%
 
Operating expenses
15.4
13.1
10.9
 
Operating income (loss)
13.1
10.8
-2.1
 
Net income (loss)
13.8
8.7
-2.8
 
Net diluted Earnings Per Share
0.31
0.20
-0.10
 
 
 
| 9|
REVENUE GROWTH
120.8%
USD millions
 
 
 
| 10|
UNITS SHIPPED
Optimizers shipped
Inverter shipped
K units
Units
 
 
 
| 11 |
GROSS MARGINS
 
 
 
| 12|
OPERATING EXPENSES
25.0%
17.4%
15.8%
16.1%*
* 15.4% excluding IPO related expenses
16.7%
 
 
 
| 13|
USD thousands
USD thousands
 
 
 
| 14|
BALANCE SHEET & CASH FLOW
*FYQ4 ‘15 and FYQ3 ‘15 includes $0.7M and $3.5M related to leasehold
improvements, respectively
 
USD in millions
FYQ4 '15
FYQ3 '15
FYQ4 '14
 
Cash and investments
148.4
138.8
11.4
 
Inventory
74.0
64.5
25.5
 
Capital Expenditures*
3.5
5.1
0.7
 
Total Debt
-
-
20.2
 
Cash Flow From Operations
15.7
-13.0
-5.0
 
 
 
| 15|
FISCAL FIRST QUARTER OUTLOOK
   Revenues to be within the range of $108-112 million
   Gross margin to be within the range of 27-29%
 
 
 
| 16|
Appendix
 
 
 
| 17|
RECONCILIATION OF GAAP TO NON-GAAP
 
 
 
| 18
RECONCILIATION OF GAAP TO NON-GAAP
 
 
 
| 19|
 
 
 
| 20 |
RECONCILIATION OF GAAP TO NON-GAAP
 
 
 
| 21|
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