Slide 1: Corporate Presentation Q1 2023
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Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities
Slide 3: Make Energy Powerful
4 — Make Energy Powerful SIMPLE We innovate to mal energy simpler SMART Embedded intelligence and V2 and V2H energy management! INNOVATIVE User-focused innovation drives us DESIGN-CENTRIC Design is not a luxury COMPATIBLE Compatible with all plug- in electric and hybrids V2G: Vehicle-to-Grid, V2H: V
Slide 4: Wallbox Management Team
WALLBOX MANAGEMENT TEAM Founder-led company with an experienced management team from technology, energy and industrial backgrounds “ ‘ . . i — = a ! P Enric Asuncion < we sy i) Co-Founder & Chief wy Executive Officer ¢ y vi @ Eduard Castafieda Oriol Riba Douglas Alfaro Leo Altamira Agplus® Co-Founde
Slide 5: Wallbox at a Glance
WALLBOX AT A GLANCE We design, develop and distribute charging and energy management solutions for e-mobility needs A460*k ~=—-:‘115* 21 4 UNITS. COUNTRIES WITH OFFICES ACROSS MANUFACTURING SOLD" COMMERCIAL ACTIVITY 4 CONTINENTS FACILITIES T*mm 560'*k 3.3bn 430k IN-HOUSE CHARGING STATIONS ELECTRIC T
Slide 6: The EV Charging Market
THE EV CHARGING MARKET Mass EV adoption means significant charging infrastructure growth and projected $102bn TAM! in 2030 PROJECTED CUMULATIVE # OF PASSENGER ELECTRIC VEHICLES 250 200 150 100 50 7) mROW us INSTAL! mAPAC mEurope 125 100 = 7s 50 ! 28 ° a g 8 8g 8 8 8 8 g 2027 a | 2020 2021 x 3 8 wall
Slide 7: Wallbox's Product Portfolio
WALLBOX’S PRODUCT PORTFOLIO Solutions to empower users at home, at work and in public HOME & BUSINESS CHARGING CopperSB Pulsar Pro! 7-22 [cXo) «@o) kw Pulsar Max! usar Nix Pulsar Plus (ac) (ac) Commander 2 (Ac) Quasar Quasar 22 (oc) (oo) Most compact inte t solutions for home & S Solar Charging Comp
Slide 8: Complete Software Solutions
COMPLETE SOFTWARE SOLUTIONS Embedded and interoperable EV charging MYWALLBOX - RESIDENTIAL ELECTROMAPS - PUBLIC AND BUSINESS SOFTWARE CHARGING SOFTWARE software to ma nage © User-friendly app Charger management platform chargers and GQ) cinease ator Charging Station Map the flow of ie © e Reames rge
Slide 9: Bi-Directional Charging & Energy Management
BI-DIRECTIONAL CHARGING & ENERGY MANAGEMENT © PIONEERING TECH R e ) | Z n g One of the first bi-directional t al e fu t Uu re residential use @ of C h a rg n g AFFORDABLE One of the most 1 cost-competitive W it al 6) U a Sa if & bi-directional DC chargers on the market! BI-DIRECTIONAL Changes the fl
Slide 10: Energy Control
ENERGY CONTROL Quasar bi-directional charging and Sirius energy management provides new opportunities to integrate renewable energy, battery storage and the grid & Grid power limit Wallbox HQ A HQ building energy usage Energy supply directly fromthe grid =~ Solar power generation during the day _— »
Slide 11: Public Charging Solutions
PUBLIC CHARGING SOLUTIONS Unique DC technology can transform the public charging experience RELIABLE & COMPACT BY DESIGN Easier to transport, install, operate and service thanks to its modular design AFFORDABLE Up to half the total investment of similar fully-installed public chargers! for destinati
Slide 12: One Model Capable of Serving Diverse Channels
ONE MODEL CAPABLE OF SERVING DIVERSE CHANNELS We serve a variety of clients around the world AUTOMOTIVE OEMS AND DEALERSHIPS Oo 5 Zz ENERGY COMPANIES CO un Maenonowa «= Seorrsnowen —YOLIEX Dora becharpe cen | HON od ry SUNPOWER’ Sewer CaS MENKM — SAutoGrid Hyunor ane oO ) Oss prorgic «= DArry —Ffeni
Slide 13: A Global Force
A GLOBAL FORCE We are an international company, with sales, manufacturing facilities and offices worldwide s Mm a * APAC (2018) + JV with FAWSN in China - one of the largest auto OEMs globally \ i-l NORTH AMERICA (2020) + North America HQ and innovation lab + Shanghai and Melbourne offices in Mounta
Slide 14: Determining Our Future
DETERMINING OUR Wallbox is vertically integrated allowing to contro! the value chain and rapidly adapt to new market developments + Diverse supplier base centrally managed + Resilient procurement process FUTURE + Fully automated and semi- automated production lines on 3 continents + Close control of
Slide 15: The Wallbox Future
THE WALLBOX FUTURE Be the provider of all-in-one renewable energy solutions with the charger at the center Peer to Peer Energy Transactions Generate energy from own renewable energy sources and trade it with other individuals Automatic Charging Charger starts charging when electricity costs are low
Slide 16: Q1 2023 Earnings
Q1 2023 Earnings
Slide 17: Financial Review
FINANCIAL REVIEW Overview €35.1M Revenue DRIVEN BY Geographic Mix New Products IISTAN SLIGHTLY OFFSET BY Channel Inventory Management Timing of Several Large Deals 1 Regional Mix Diversification 16% NA, 80% EMEA, 2% APAC, 1% LATAM 2 Gross Margins Strong, 36.8% Driven by improvements in DC, volume an
Slide 18: 2023 Market Outlook
2023 MARKET OUTLOOK : Factors that give us Closing Q2 Revenue Guidance : confidence Thoughts& ©40M-€50M = fitcxose than ever id Gui ance : New products coming Full Year Revenue Guidance to market this year €240M - €290M “sce i opened by those new products Capturing opportunities Gross Margin Expecte
Slide 19: Financial Overview
FINANCIAL OVERVIEW. Reconciliation’ Unaudited, in € O00’s Operating Loss Change in fair value of derivative warrant liabilities Foreign exchange gains/(losses) Amortization and depreciation Share of profit of equity accounted investee EBITDA Change in fair value of derivative warrant liabilities For
Slide 20: Appendix
Appendix
Slide 21: Financial Overview
FINANCIAL OVERVIEW. Consolidated Statement of Profit or Loss! YEAR ENDED Unaudited, in € O00’s 31 DECEMBER 2022 2021 Revenue 1441852 71,579 Change in inventories and raw materials and consumables used (85,605)2 (44,253) Employee benefits (88,814}2 (29,666) Other operating expenses (91,555) (43,405)
Slide 22: Financial Overview
FINANCIAL OVERVIEW. Cash & Cash Equivalents Unaudited, in € O00’s YEAR ENDED 31 DECEMBER 2022 2021 Cash and cash equivalents 83,308 113,865 Financial Investments! 5,3972 56,982 Cash, cash equivalents and Financial Investments at 31 December 88,705 170,847 ‘Financial Investments are included in Other
Slide 23: Financial Overview
FINANCIAL OVERVIEW. Investments and Long-term Borrowings Unaudited, in € O00’s YEAR ENDED 31 DECEMBER 2022 2021 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 36,262 20,946 Intangible assets - excluding R&D (salaries capitalized) 9,86T! 8,268 Total I
Slide 24: Definitions and Disclosures
Definitions and Disclosures 1 “EBITDA” is defined as loss for the year before income tax credit, financial income, interest expenses, amortization and depreciation. 2 “Adjusted EBITDA” is defined as loss for the year before depreciation and amortization, income tax credits, and financial income and
Slide 25: Wallbox
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