1. WATER HEATING RENEWABLES AIR CONDITIONING CENTRAL HEATING Welcome to STIEBEL ELTRON Alexander Klein| Vilnius | 09.05.2012

2. 1 Brief introduction In the fields of domestic technology and renewables, the STIEBEL ELTRON Group is an international market and technological leader. Accordingly, our company enjoys a global presence with five national and international production facilities, 20 subsidiaries around the world, as well as sales organisations and representations in over 120 countries. Our technical proficiency, quality, innovation, reliability and customer oriented service set us apart from the rest.

3. 2 Historie 1924 | The company ELTRON Dr. Theodor Stiebel is founded in Berlin on 5 th of May. 1927 | The first small instantaneous water heater with 1,000 watts and then tevolutionary two-step technology is produced. 1938 STIEBEL ELTRON starts with the produczion of large instantaneous water heaters and by now has 35 German and 12 foreign patents..

4. 3 Historie 1977 | The idea of utilising energy from the sun leads to the development of solar collectors. 1976 Development and production of heating and hot water pump to utilise environmental heat in the private and industrial sector. 1987 The DHE, the first fully electronic instantaneous water heater in the world. The notion of convenience takes on a new dimension when it comes to the generation of hot water.

5. 4 Historie 1991 The product range is expanded by systems for domestic ventilation with heat recovery. 1999 The integrated unit LWZ 303. This unique appliance of ventilation, heating and hot water generation. 2000 | The EXPO 2000 project Hofanlage Brombeerweg, a residential development of low-energy houses.

6. 5 Historie 2002 | Acquisition of the HVACR devision of Electrolux Deutschland. STIEBEL takes over Electrolux-Haustechnik with the AEG and Zanker brands. 2007 | The most modern and lergest factory for heat pumps in Central Europe is build at the production site in Holzminden. 2009 Opening of a second heat pump factory in Holzminden.

7. 6 Historie 2010 | STIEBEL ELTRON is opening its two new distribution centres in German cities. The new, energy- efficient buildings, fulfil the highest energy standards. 2011 | Enthusiasm for the new trade fair stand at the leading global exhibition ISH in Frankfurt. The company received the coveted iF communication design award for its sensational fair presence. 2012 | The inventor of the DHE und the worldwide first fully electronic instantaneous water heater is celebrating anniversary.

8. 7 Group of companies Stiebel Eltron and AEG are global core brands. At a national level, both can be supplemented and reinforced by further brands (national brands). The function brands exclusively serve clearly defined tactical purposes. Long lasting successful business relationships rounds out the complete portfolio.

9. 8 Corporate headquarter Holzminden

10. 9 Ayutthaya (Thailand) Small instantaneous water heaters, shower units Eschwege (Germany) Plastic parts and small water heaters Poprad (Slovakia) DHW cylinders Tianjin (China) Electrical room heaters Worldwide production facilities

11. 10 Sales centres in Germany Organisational structure Head of sales centre Head of internal sales Sales Technical consultant Sales consultant Sales consultant - planer Sales consultant – tender business Sales consultant - residential building projects Trainer Academy Customer Service Info-Center Holzminden

12. 11 Company Group worldwide USA Belgium Germany EnglandFrance Netherlands Austria Poland Czech Republic Slovakia Switzer- land Hungary China Russian Federation Japan Thailand

13. 12 Key figures Number of employees: Head office, Holzminden1.346 Eschwege site140 Sales | Customer service425 Germany in total1.911 Abroad in total1.019 STIEBEL ELTRON GROUP2.930 Owner: Frank and Dr. Ulrich Stiebel, sons of the founder, are the owners of the group Turnover: Turnover472 Mio. Base year data: 31.12.2011

14. 13 Turnover development 2005 – 2011 in mill.

15. 14 Product range Hot Water Instantaneous water heaters Water boilers Wall mounted cylinders Small water heaters Hand dryers Air conditioning Mobile air conditioning units Mobile dehumidifiers Installed appliances incl. Hydrima® air conditioning units Central heating Storage heaters Natural stone heaters Area heating systems | Direct heating Bathroom radiators

16. 15 Product range renewables Heat pumps Air|Water Brine|Water Water|Water DHW Control units Solar Solar collectors Solar DHW cylinders Photovoltaics Ventilation Integral appliance with central ventilation air supply Integral appliance with decentralised ventilation air supply Ventilation appliance with DHW heat pump Ventilation appliance with/without heat recovery

17. 16 Design awards and recognitions A total of 21 design awards, of those, 13 in the last two years alone for products from the renewables sector. A total of five "iF product design awards" and seven "red dot design awards" on the international scene, plus five German "DesignPlus" awards. Two awards "nominated for the Design Prize of the Federal Republic of Germany" and winner of the "observeur design", France and the Japanese "good design award".

18. WATER HEATING RENEWABLES AIR CONDITIONING CENTRAL HEATING Heat pump principles... Alexander Klein |

19. 18 How does it work? Flow Return Expansion valve Condenser Injection line ( wet gas) Liquid line (liquid process medium) Heating output Compressor Inlet line (gaseous process medium/refrigerant) Pressure line (hot gas) Electrical energy Evaporator Environmental heat

20. 19 What makes it efficient? The rule is: For every °C higher flow rate temperature we have to invest around 3% higher running cost! Source: Internet Temperature difference source/ heating system in °K Leistungszahl= COP COP in relation to the temp. Diff.

21. WATER HEATING RENEWABLES AIR CONDITIONING CENTRAL HEATING Overview…

22. 21 The most of our Heat Pumps on one view… Version 2012 WPL basic /SWPL 5 NWPL 15/25WPL 13-23 EWPL 34-57 WPL 33 HAT/S WPL 10 AC/S WPL 13-23 cool Air | Source 5 to 57KW Brine | Source 5 to 66KW // Water | Source 7 to 88KW Cascade Air source up to 150KW heating and 90KW heating and cooling Cascade Brine source up to 400KW and Water source up to 500KW heating and cooling WPC 5-13 WPC 5-10/S WPC 5-13 coolWPF basic 5-16 WPF basic 5-10/S WPF 10 -16 M WPF 7-10 M/S WPF Set 20-32 WPF Set 14-20/S WPF 5-16 EWPF 20-66WPF 5-16 cool

23. WATER HEATING RENEWABLES AIR CONDITIONING CENTRAL HEATING Design rules…

24. 23 Estimated running hours Only medium sized and big size heat pumps (from 30KW up to…) Design size in % Yearly running hours Yearly running hours, only heating, flow temp. below max.

25. 24 Horizontal collector | Enlargement factor This chart is calculated to the running hours on German outdoor temperatures. In warmer regions the factor will be smaller because of more energy that you will get from the ground even in wintertime. In colder once it has to be bigger. DESIGN ONLY FOR GERMANY X= design size Heat Pump+ Bivalent point Y= enlargement factor horizontal source

26. 25 Horizontal collector | Sizing DESIGN ONLY FOR GERMANY

27. 26 Ground / Process water | Sizing

28. 27 Brine source heat pump delta t source side | optimum

29. 28 Some projects

30. 29 Some projects

31. 30 Some projects

32. 31 Some projects

33. WATER HEATING RENEWABLES AIR CONDITIONING CENTRAL HEATING Thank you for youre kind attention

34. 33 Coffee break