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1. Investor Presentation
December 2014
© 2014 Broadwind Energy, Inc. All rights reserved. 1

2. Industry Data and Forward-Looking
Statements Disclaimer
Broadwind obtained the industry and market data used throughout this presentation from our own research, internal surveys and
studies conducted by third parties, independent industry associations or general publications and other publicly available
information. Independent industry publications and surveys generally state that they have obtained information from sources
believed to be reliable, but do not guarantee the accuracy and completeness of such information. Forecasts are particularly likely
to be inaccurate, especially over long periods of time. We are not aware of any misstatements in the industry data we have
presented herein, but estimates involve risks and uncertainties and are subject to change based on various factors beyond our
control.
This presentation includes various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 that involve risks , uncertainties and assumptions, such as statements
regarding our future financial condition or results of operations or prospects and strategies for future growth, including with respect
to estimated 2014 guidance. Statements in this presentation that are not historical are forward-looking statements. These
statements are based on current expectations and we undertake no obligation to update these statements to reflect events or
circumstances occurring after this presentation. Such statements are subject to various risks and uncertainties that could cause
actual results to vary materially from those stated. Such risks and uncertainties include, but are not limited to: expectations
regarding our business, end-markets, relationships with customers and our ability to diversify our customer base; the impact of
competition and economic volatility on the industries in which we compete; our ability to realize revenue from customer orders and
backlog; the impact of regulation on end-markets, including the wind energy industry in particular; the sufficiency of our liquidity
and working capital; our restructuring plans and the associated cost savings; the ability to preserve and utilize our tax net
operating loss carry-forwards; and other risks and uncertainties described in our filings with the Securities and Exchange
Commission, including those contained in Part I, Item A “Risk Factors” of our Annual Reports on Form 10-K.
This presentation contains non-GAAP financial information. We believe that certain non-GAAP financial measures may provide
users of this financial information meaningful comparisons between current results and results in prior operating periods. We
believe that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business
because they provide a comparison of historical information that excludes certain infrequently occurring or non-operational items
that impact the overall comparability. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to,
our reported results prepared in accordance with GAAP. Please see our earnings release dated October 30, 2014 for a
reconciliation of certain non-GAAP measures presented in this presentation.
© 2014 Broadwind Energy, Inc. All rights reserved. 2

3. Highlights
 Strong backlog of $228M at Q3 2014; 2015 tower production capacity
nearly sold out
 Wind industry continues to grow despite PTC uncertainty
 4-year revenue CAGR – 16%
 Restructuring plan nearly complete – footprint reduced 40%
 $167M NOL carry-forward available to shelter earnings
 Strong balance sheet – cash assets of $28M, $20M line of credit undrawn at
Q3 2014
 Announced $10 million share repurchase program on October 30, 2014
© 2014 Broadwind Energy, Inc. All rights reserved. 3

4. Broadwind Today
4
2014E Revenue Composition Towers and Weldments
Towers 67%
Services 7%
Gearing,
14%
Weldments
6%
 Leading wind tower manufacturer
 Annual revenue has grown from $5M to $150M over
7-year period
 Tower market supply/demand balance improved
 Leveraging welding competencies in broader energy
markets
Gearing
 90-year history
 Precision gearing manufacturer (1 meter and larger
in diameter)
 Gearbox and loose gearing expertise
 Restructuring nearly complete
Services
 Non-routine maintenance service on aging fleet of
46,000 wind turbines in U.S.
 Core competency around drivetrains, blades,
bearings and other large components
 Building offering of proprietary services
© 2014 Broadwind Energy, Inc. All rights reserved.

5. Executing On Our Plan
5
Sales $M
300
250
200
150
100
50
25%
20%
15%
10%
5%
0%
SG&A as % of Revenue
Improved >10 pp since 2010
2010 2011 2012 2013
0
2010 2011 2012 2013
10%
8%
6%
4%
2%
0%
Gross Margin – % of Sales
GM% Restructuring %
2010 2011 2012 2013
$M Adj. EBITDA
20
15
10
5
0
-5
-10
2010 2011 2012 2013
© 2014 Broadwind Energy, Inc. All rights reserved.

6. A Diverse End-Market Presence
6
Wind
 Towers
 Services
 Replacement Gears
Oil & Gas
 Gearboxes
 Loose Gearing
 Services
 Weldments
Mining
 Gearboxes
 Loose Gearing
 Weldments
Steel
 Gearboxes
 Loose Gearing
Opportunities to provide packaged gearing and services
solutions
© 2014 Broadwind Energy, Inc. All rights reserved.

7. Wind Market – Drivers
Market Drivers
 58% reduction in the cost of energy since
2009
 Regulation 111d retiring older coal
generation, creating partial demand for wind
 New financing vehicles like Yield Co’s
 Larger rotors have opened new geographic
areas that weren’t previously economical
 More utilities owning wind projects
 Commercial customers like Walmart,
Google, and Microsoft procuring wind energy
Unsubsidized Levelized Cost of Energy
$87
$61
Source: Lazard Capital
Gas
Combined
Cycle
Fundamental case for wind very strong as viable geography
expands
© 2014 Broadwind Energy, Inc. All rights reserved. 7

8. Positioned in Key Energy and Industrial
Corridors
8
Bakken Shale
Marcellus
Shale
Permian Mines
Basin Barnett
Eagle Ford Shale
Wind
Gulf of Mexico – Off-Shore
Oil & Gas
Wind
Steel
Broadwind
Shale
© 2014 Broadwind Energy, Inc. All rights reserved.

9. Poised for Growth
9
2013 Sales $216M
New Wind Capacity
Industrial & Installed Base
Sales $400M
Strategic Objective Execution Strategy
 Maintain strength and market share in
products and services for new wind
capacity
 Grow industrial business to represent
half of BWEN sales in 3-5 years
 Expand BWEN’s share of multi-billion
dollar industrial end-markets by 4-5%
 Expand sales force
 Increase capacity utilization
 Enhance service offerings
 Deliver on continuous improvement
initiatives – increase throughput and
reduce cycle time
2010 Sales $137M
© 2014 Broadwind Energy, Inc. All rights reserved.

10. Orders and Backlog
10
350
300
250
200
150
100
50
 Tower backlog typically 6-9 months, 2015 tower production capacity nearly sold
out, currently in discussions for 2016-2017
 Gearing backlog typically 4-6 months
 Services selling cycle very short – backlog typically 1-2 months; seeing strong
demand for blade repair work
Solid backlog supports strong revenue in future
-
Millions
Order Backlog
© 2014 Broadwind Energy, Inc. All rights reserved.

11. U.S. Wind Market Forecast - Near
Term
11
PTC Update
 PTC “expired” on 12/31/13 for new projects,
but IRS definition of completion requirements
ensures strong demand into 2015+
 15 GW currently under construction
 Strong bi-partisan support for PTC extension
 1-year “extension” approved by House in
December; waiting Senate approval…little
impact likely
 78% of wind project capacity located in
Republican congressional districts
 29 U.S. states have renewable energy
requirements
Source: MAKE Consulting: Base case forecast
1 year extension waiting Senate approval; industry continues to
lobby for more stable policy
14
12
10
8
6
4
2
0
2010A 2011 A 2012 A 2013 A 2014 F 2015 F 2016 F
GW
GW Installations
BWEN Est. Market Share 2012 2013F 2014F 2015F 2016F
5.4% >5 (for towers) 0% 16% 15% 20%
© 2014 Broadwind Energy, Inc. All rights reserved.

12. 4-Year Financial History
12
FY 2010 FY 2011 FY 2012 FY 2013
YTD
9/30/14
Revenue-$M $ 137.0 $ 186.0 $ 210.7 $ 215.7 $ 187.5
Gross Profit-$M 1.9 7.2 6.8 12.3 17.6
-% (ex. Restructuring) 1.4% 3.9% 4.0% 8.0% 9.9%
Operating Expense-$M 30.4 27.6 24.1 25.6 18.3
-% (ex. Restructuring) 22.2% 14.6% 11.1% 11.3% 9.6%
Impairment Exp. -$M 40.8
Operating Profit (Loss)-$ M (69.2) (20.4) (17.3) (13.2) (0.7)
Adj. EBITDA-$M (9.2) (2.1) 5.5 10.3 10.7
EPS, Continuing - $ (6.56) (1.79) (1.27) (0.72) (0.07)
Vs. 2013:
 Revenue up 57% from 2010
 GP% (ex. restructuring) up 660 bps from 2010
 Adj. EBITDA improved $20M
 Steady EPS improvement reflects operational improvements, wind-down of restructuring
activities plus resolution of residual issues
Significant improvement has been made in 4+ years
© 2014 Broadwind Energy, Inc. All rights reserved.

13. Strengthening Our Balance Sheet
Debt and Capital Leases
Brandon, SD mtg
low or 0 interest rate
debt
debt and capital leases
2009 2010 2011 2012 2013 Q3 2014
13
14%
12%
10%
8%
6%
4%
2%
0%
Operating Working Capital %
2009 2010 2011 2012 2013 Q3 2014
% of trailing 3-month annualized sales
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
 Net debt negative
 Debt and capital leases total < $5M – room to add debt to expand/acquire business
 $20M credit line remained undrawn at Q3 2014
 BWEN Board authorizes $10M stock repurchase program on October 30, 2014
Asset rich with low debt; operations will fund working capital needs
© 2014 Broadwind Energy, Inc. All rights reserved.

14. Why Broadwind?
14
 The future of wind is favorable
 Costs have declined 58% since 2009
 Wind power cost is at or below parity with natural gas in some regions
 EPA carbon regulations will have powerful impact on industry
 Utilities have to invest in new generation; coal unlikely
 Manufacturing coming back from the Asian outsourced trend
 Energy in manufacturing has a strong long-term outlook
 BWEN is diversifying and ready to grow
 Uniquely positioned to take advantage of energy infrastructure needs in U.S.
 Our customers are leaders in their industries
 GE, Siemens, CAT, Gardner Denver, Cameron
© 2014 Broadwind Energy, Inc. All rights reserved.

15. Appendix
15
Appendix
© 2014 Broadwind Energy, Inc. All rights reserved.

16. Towers and Weldments
Third Quarter 2014 Highlights
 Tower volume down 14% from Q3 2013
 EBITDA down $3M; challenges with new
tower design and scaling up to full
production capacity caused significant
cost overruns in Abilene
 Maintenance $500K higher
 Operating Margin fell to 7%
 Q4 results forecast to be similar to Q3;
lower margin mix
Q3 YTD September 30,
2013 2014 2013 2014
Towers 124 107 282 334
Sections 372 334 938 1066
Revenue-$M $ 47.1 $ 45.1 $ 116.0 $ 146.3
EBITDA-$M 7.7 4.4 17.4 20.6
Op. Income-$M 6.6 3.4 13.8 17.5
Op. Margin 13.9% 7.4% 11.9% 12.0%
© 2014 Broadwind Energy, Inc. All rights reserved. 16
140
120
100
80
60
40
20
0
# of Towers
Quarterly Tower Sales

17. Gearing
Q3 YTD September 30,
2013 2014 2013 2014 Third Quarter 2014 Highlights
 Revenue in-line with Q3 2013
 EBITDA better than PY due to higher
margin mix and absence of regulatory
charge
 Operating loss reduced by 57% due to
higher margin mix, lower restructuring
costs and absence of regulatory charge
 Inventory reduced as a result of
improved processing times; adversely
affected operating results due to lower
absorption
Revenue-$M $ 10.4 $ 10.3 $ 31.6 $ 31.5
EBITDA-$M (2.3) (0.1) (2.4) (0.3)
Op. Loss-$M (5.4) (2.3) (12.3) (7.1)
Op. Margin -51.7% -22.2% -39.1% -22.4%
© 2014 Broadwind Energy, Inc. All rights reserved. 17
35
30
25
20
15
10
5
0
2013 2014
Revenue - $M
YTD Sales by Industry
Other Industrial
Mining
Steel
O&G
Wind

18. Services
Third Quarter 2014 Highlights
 Industry recovering – quoting activity up;
highest quarterly order rate since Q4
2012
 Revenue up 36% from Q3 2013 –
continued strong demand for service
techs and blade repair
 EBITDA loss cut in half due to higher
volume and lower SGA expense
 Operating loss improved due to higher
volume and lower SGA expense and
lower non-cash charges
Q3 YTD September 30,
2013 2014 2013 2014
Revenue-$M $ 3.7 $ 5.0 $ 15.3 $ 10.9
EBITDA-$M (0.8) (0.4) (1.5) (2.3)
Op. Loss-$M (1.3) (0.7) (3.2) (3.4)
Op. Margin -34.4% -14.6% -21.2% -31.0%
Active Service Tech Headcount
© 2014 Broadwind Energy, Inc. All rights reserved. 18
100
80
60
40
20
0
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14

19. Q3 2014 Summary
• Q3 Towers challenges were associated with one facility and will be corrected
• 2014 financial results should show good improvement over 2013
• Solid order backlog to support strong 2015 revenue
• Wind market fundamentals are strong
• Oil & Gas markets strong … monitoring oil prices closely
• Strong liquidity position … supporting repurchase of stock
• Gearing continues to grow the backlog and is executing better on production
• Services demand for blade repair and other tech services is robust
• Reached preliminary settlement with SEC staff; last of legacy issues should
be behind us
© 2014 Broadwind Energy, Inc. All rights reserved. 19

20. Broadwind Energy is committed to helping
customers maximize performance of their
energy and infrastructure investments—
quicker, easier and smarter.
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© 2014 Broadwind Energy, Inc. All rights reserved.