Power-One is a $1.02 billion company headquartered in Camarillo, California with over 3,700 employees worldwide. It has two business units: Renewable Energy Solutions (74%) and Power Solutions (26%). The Renewable Energy division designs and manufactures solar and wind inverters. Since 2008, Power-One has grown its worldwide market share of inverters from 4% to 15% and maintained its #2 global ranking. Since 2009, the company has implemented Lean Six Sigma tools and methods to drive process improvements and reduce defects, including value stream mapping, training green and black belts, and launching projects to improve metrics like DPPM, RMA, and infant mortality.

1. Confidential0
Power –One
Lean six-Sigma path
Marco Monini - May 9th 2013

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Company at a glance
• Power-One Inc. Headquarters located in Camarillo, California
• Over 3,700 employees world-wide, US$ 1.02 Billion turnover in 2012
• Listed on NASDAQ under the ticker symbol PWER
• Structured into two separate Strategic Business Units:
– Renewable Energy Solutions Business Unit (74%)
Design and manufacturing of inverters for photovoltaic and wind applications
– Power Solutions Business Unit (26%)
Design and manufacturing of power conversion products for computer and office
applications, network and telecom solutions, industrial markets and custom
applications
• Sales offices, manufacturing and R&D operations in EMEA, APAC and
the Americas

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RE Areas of Coverage
Germany
Sales & Service Center
France
Sales & Service Center
Greece
Sales & Service Center
Spain
Sales & Service Center
UEA
Sales & Service Center
India
Sales & Service Center
Australia
Sales & Service Center
USA - Boston
Sales & Service Center
USA – San Jose
Sales & Service Center
Canada
RE Manufacturing
Sales & Service Center
USA - Phoenix
RE Manufacturing
Sales & Service Center
USA - Camarillo
Headquarter
UK
Sales & Service Center
China - Shenzhen
RE Manufacturing
Sales & Service Center
China -Hong Kong
Sales & Service Center
China - Shanghai
Sales & Service Center
Italy
RE Manufacturing
Sales & Service Center
Japan
Sales & Service Center

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RE Product Portfolio
STRING
< 30 kW
CENTRAL
50 kW – 1MW
TURNKEY SOLUTIONS
440 kW – 1320 kW

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RE Power One Business Evolution
Historical Market Share
Maintain
Tech.
Leadership
Increase
Service
Activity
Strengthen
Customers
Loyalty
GAIN
MARKET
SHARE
Year MW Shipped WW Market Share WW Ranking
2008 246 4% 9
2009 532 7% 4
2010 2560 12% 2
2011 3063 13% 2
2012 3670 15% 2
Plans to grow
PAST
PRESENT
&
FUTURE

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Arco SpA
- VNO 30 people
- Strategic location
- Part of the Italian
Industrial boom
- Electromechanical
Plessey-Arco
- English Holding
- VNO 650 people
- Local supply chain
- Diversification
- Electromechanical
- Semiconductors
- Revenue 85Mil$/y
Power-One
- US Corporation
- Renewable Division
- VNO up to 604 heads
- PV e Wind Inverters
- VNO All functions
present in the plant
- Massive growth in all
PV markets like Italy,
Germany, Australia,
Spain, France..
- Leader into the
market
- High developed Local
supply chain on RE
- Revenue 730Mil$/y
(2010)
Magnetek
- US Corporation
- PEG, Dept. 1800
heads
- VNO up to 950 heads
- Custom Power-Supply
- High Tech Know-How
- IT, automotive, TLC,
home appliance
lighting
- Deep focused on
energy saving products
- De-localization in
Hungary
- Revenue 110Mil$/y
1969 1972 1991 2006
Power-One VNO: the history

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Lean Six-Sigma tools Integration

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7
Value stream
mapping and
Implementation
2009 - 2010
Value stream
mapping and
Implementation
2009 - 2010
Process
improvement
Tools
2011
Process
improvement
Tools
2011
People
Involvement
2011
Continuous
process
People
Involvement
2011
Continuous
process
Management
orientation
Improvement
focus
Technical tools
short/medium term
results
People
development
focus
Single
process
Value
stream
Power-One
April 2009
Lean
learning
organization
Lean
learning
organization
Short/Medium
term goal
Long term
goal
TPS
Toyota Production
System
RE Power-One Lean path

9. Confidential8 Confidential8
Year Path Projects Certifications Status
2009 Start-up Pilot project ( DPPM reduction) 1 Green Belt Closed
2010
Training/Metodology
extension
7 trained people + 2 GB Projects
(MRB reduction + SMT Area)
- Closed
2011 Skills grown
Black Belt training
+ GB Project (RMA material recovery)
1 Black Belt Closed
2012
Methodology
consolidation
7 Initiatives in Service dept. - Closed
2012
Methodology
extension
2 GB Projects
(FPY improvement + RMA alert efficiency)
+ 2 Green Belt Closed
2013
Methodology
consolidation
1 BB + 1 GB Project
(Infant Mortality + Accrual modeling)
- Open
2013
Methodology
extension
7 GB training + 7 projects + 7 Green Belt Open
2013
Methodology
extension
9 trained people + 7 projects 9 Yellow Belt Open
2014 Future
Future GB certification for all QE and ME
employes
RE Power-One Six-Sigma path