Slide 1: Solar on Every Vehicle
SOLAR ON EVERY VEHICLE. SONO MOTORS – Q2 2022 Company Presentation
Slide 2: Disclaimer
22 DISCLAIMER This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include any statements reflecting Sono Group N.V.’s (the “Company”) expectations, intentions, strategies, assumptions or be
Slide 3: A World Without Fossil Fuels – Key Investment Highlights
3 OUR VISION A WORLD WITHOUT FOSSIL FUELS. Key Investment Highlights
Slide 4: Experts from various industries shape our team
SONO MOTORS 4 Experts from various industries shape our team LAURIN HAHN JONA CHRISTIANS TORSTEN KIEDEL MARKUS VOLMER THOMAS HAUSCH CEO & Co-Founder CEO & Co-Founder CFO CTO COO • Sono Motors • Sono Motors • BMW Group • Daimler • Daimler • Serial entrepreneur • Serial entrepreneur • myTaxi / FlixBus
Slide 5: Supervisory board with strong automotive background
5 KNOW-HOW Supervisory board with strong automotive background INDUSTRY EXPERTS SONO EXPERTS MARTINA BUCHHAUSER ROBERT JEFFE SEBASTIAN BÖTTGER JOHANNES TRISCHLER Interim Chair Interim Vice Chair Community Member Employee Member
Slide 6: Sono Motors' company highlights
6 A WORLD WITHOUT FOSSIL FUELS Sono Motors’ company highlights MISSION Solar on every vehicle Surfaces consist of proprietary lightweight solar technology marketed for trucks, trailers, SOLAR TECHNOLOGY buses, RVs and more. Several contracts and LOIs for commercialization; first products shipped to
Slide 7: Growth strategy in two building blocks
7 SONO’S BUSINESS CASE Growth strategy in two building blocks Solar Business Car Business FAMILY CAR Sion CROSSOVER CARGO VAN GENERATING REVENUE >17,000 RESERVATIONS Source: Company information.
Slide 8: Solar Technology & Licensing
8 SONO SOLAR Solar Technology & Licensing
Slide 9: Significant technological edge over competitors
9 SOLAR COMPETITIVE EDGE Significant technological edge over competitors GLASS SOLAR POLYMER SOLAR Other OEMs 18 PATENTS granted or in pipeline1) WEIGHT Heavier Lighter PRODUCTION Slower & Complex Faster & Lean PRICE Expensive Affordable 1) 3 granted, 8 filed, 7 in preparation. Source: Company infor
Slide 10: Our core technology is a patented solar assembly
SEAMLESS SYSTEM INTEGRATION 10 Our core technology is a patented solar assembly SONO MOTORS’ BASE PRODUCT INJECTION MOLDING FINAL PRODUCT Special pre-assembly of the solar Adapted injection molding process to Seamless integration of solar cells cells to protect them from high- allow solar integratio
Slide 11: 5th generation of integrated solar panels
11 SOLAR EVOLUTION 5th generation of integrated solar panels Before 2017 2018 2019 2020 2021 ~2,800 materials stack and >50 suppliers assessed to build 5 years of concept process configurations tested supply chain set-up evolution Source: Company information.
Slide 12: Vertically integrated solar technology
SEAMLESS SYSTEM INTEGRATION 12 Vertically integrated solar technology SOLAR BODY PANEL HARDWARE INTEGRATION POWER ELECTRONICS SOFTWARE Body integrated PV Specialized solar electronics Ensuring high automotive Live energy data and light, robust and providing CAN standard and functionality optimizatio
Slide 13: Our proprietary technology – relevant for a large variety of vehicles
13 VARIETY OF USE CASES Our proprietary technology – relevant for a large variety of vehicles PATENTED BASE PRODUCT REACTIVE INJECTION SOLAR SOLAR SEMI-TRANSLUCENT MOLDING PV SANDWICH PANEL ON METAL SOLAR WINDOWS for large body panels of e-buses, for cargo boxes of for large 3D shaped panels of for
Slide 14: Solar revenue based on two pillars
14 SONO SOLAR Solar revenue based on two pillars Retrofit “Bus Kit” Series Integration REVENUE GENERATING Source: Company information
Slide 15: First revenues, 17 B2B customers
15 SOLAR MARKET TRACTION First revenues, 17 B2B customers 1st products delivered 17 LOIs and contracts1) 2 LOIs DEC 2020 MAR 2022 1) 10 non-binding LOIs and 7 purchase orders from customers Source: Company information.
Slide 16: Our proprietary solar technology unlocks massive value creation
16 TECHNOLOGY AND INNOVATION LEADER IN SOLAR MOBILITY Our proprietary solar technology unlocks massive value creation • Adaptable to various shapes ADVANCED • Superior light-weight materials and high safety TECHNOLOGY • Provide high energy density • Cost efficient and ready for mass production • One
Slide 17: Our First Solar Electric Vehicle
17 THE SION Our First Solar Electric Vehicle
Slide 18: Solar is the next wave in e-mobility
18 SOLAR ELECTRIC VEHICLES Solar is the next wave in e-mobility THE PAST THE PRESENT THE FUTURE Source: Company information.
Slide 19: The Sion — German engineering, practical design
19 SONO – THE SEV BRAND The Sion — German engineering, practical design Family-sized SEV for >17,000 €23,950 ($27,1251)) net. cars reserved, equal to an assumed aggregate ~305 km (190 mi) traditional sales volume of EV battery range2) ~€368m4) 417 km = 305 km + 112 km total range enabled by solar te
Slide 20: Why solar? The average commuter has 4x more range
SOLAR ADVANTAGE EXPLAINED 20 Why solar? The average commuter has 4x more range 300 Range in mi 200 100 0 300 Range in mi 200 100 0 Week Week Week Week Week Week Week Week 1 2 3 4 5 6 7 8 The average daily distance driven with a car is 16 km in German metropolitan areas1). The Sion needs only 1 charg
Slide 21: Broad European target consumers provide visibility into future demand
21 COMMUNITY-VISIBILITY Broad European target consumers provide visibility into future demand DAILY COMMUTERS YOUNG FAMILIES MILLENNIALS • Ages 25-65 • 2 adults with children • Ages 18-40 with interest in • Commutes to work by car • Price sensitive physical activity and digital • Likely to buy an EV
Slide 22: State-of-the-art battery
22 NEXT-GEN OEM State-of-the-art battery • Technology by FinDreams / BYD • Sion lifecycle contract secured in Europe • 54 kWh capacity • 3,000 charging cycles • LFP cellular chemistry (lithium iron phosphate) • Up to 75 kW charging rate • No cobalt, nickel or manganese • Increased fire resistance
Slide 23: Asset light — world class contract manufacturing strategy
23 ENGINEERED IN GERMANY, BUILT IN FINLAND Asset light — world class contract manufacturing strategy Valmet Automotive in Uusikaupunki, Finland
Slide 24: Sono's capital efficient business model makes the Sion affordable
24 ASSET LIGHT Sono’s capital efficient business model makes the Sion affordable TRADITIONAL OEM PURE EV OEM SONO MOTORS Combustion Engine Traditional Marketing Metal Stamping Metal Stamping Paint Shop Paint Shop Several Variants per Car Several Variants per Car Brick and Mortar Dealerships Brick an
Slide 25: >17,000 Sion reservations
25 SION MARKET TRACTION Cars reserved equivalent to net revenues of ~€368m1) Average down payment of €2,390 net >17,000 Sion reservations 1) ~ 2,500 ~ 75,000 ~ 520,000 ~ 2,000,000 Press Mentions 2021 Monthly Unique Website Visits Social Media Reach Views Source: Company information; facebook.com, li
Slide 26: Community Car Sharing
26 SONO DIGITAL Community Car Sharing
Slide 27: Sono app, infotainment and infrastructure launched
27 SONO DIGITAL Sono app, infotainment and infrastructure launched SONO APP LAUNCHED INFOTAINMENT DIGITALIZATION • Available in Apple App Store & • Significant progress on UX / UI1) • Fully digital customer experience Google Play Store • Backend infrastructure with payment • salesforce as CRM2) syst
Slide 28: Sharing within a community increases willingness to share
28 SONO COMMUNITY SHARING Sharing within a community increases willingness to share Community car sharing allows people to share every car with a trusted community of friends, family, neighbors and acquaintances. We support car owners and sharing users with insurance, automated payments and an easy
Slide 29: Every Sion ready to share
29 SONO – THE SEV BRAND Every Sion ready to share My Sion Car Sharing Ride Pooling Power Sharing Your Sion in Share your Sion, Take someone with you Charge other devices with the your pocket when not in use from A to B Sion (from your phone, up to an EV or even a house) Source: Company information
Slide 30: Path to Delivery
30 SONO MOTORS Path to Delivery
Slide 31: Solar business continues to grow while generating revenue
31 SONO SOLAR Solar business continues to grow while generating revenue SOLAR BUS KIT CARGO BOX VEHICLES SOLAR R&D CENTER • Different proof of concept projects with • ARI Motors as first customer • Dedicated development center for solar international mobility providers business • Target market are c
Slide 32: From retrofitting to fully integrated licensing revenues
32 ROAD TO SOLAR REVENUES From retrofitting to fully integrated licensing revenues 2022 2023 2024 2025 ICE1) buses Prototypes Retrofitting Solar Kit for buses Reefer Autonomous Non Sono E-vans E-buses RVs E-trucks vehicles shuttles BEVs (cars) Prototypes & test fleets Series Integration Co-developme
Slide 33: Progress towards series production
33 THE SION Progress towards series production CUSTOMER TEST DRIVES COMPONENTS DEFINED SERIES-VALIDATION FLEET • 18,000 customer test drives since 2017 • Completed in Q1/2022 • Ongoing production of 37 series- validation vehicles and bodies-in-white • Intensive testing, validation and • Features & c
Slide 34: Next step: building the series vehicles
34 KEY STEPS TO START PRODUCTION Next step: building the series vehicles Series-Validation Pre-Series Series Vehicles Vehicles Vehicles Gen 0 Gen I Gen II (Gen III) (Gen IV) (Gen V) 2016 2017 2018 2019 2020 2021 2022 2023 SOP1) Concept valuation Vehicle development & testing Validation Engineering,
Slide 35: Financial Profile
35 SONO MOTORS Financial Profile
Slide 36: Financial highlights
36 FINANCIAL UPDATE Financial highlights Commenced monetizing the solar technology: several 1 public transport buses equipped. Retrofitting of a boat and refrigeration trucks ongoing. 2 Investments into development and building up an experienced in-house development team. Generation of nearly 4,000
Slide 37: Multiple drivers of revenue and growth
37 SONO’S BUSINESS CASE Multiple drivers of revenue and growth 2022 Solar Business Sale of solar components Development services General contracting Licensing of patents Car Business Vehicle sales CO2 emission pooling After sales Transaction share of sharing app Source: Company information.
Slide 38: Corporate Update
38 SONO MOTORS Corporate Update
Slide 39: High performance organization with >120% y-o-y increase of team
39 HUMAN RESOURCES High performance organization with >120% y-o-y increase of team RECRUITMENT DIVERSITY CULTURE & PERFORMANCE • >120% y-o-y team growth in 2021 • International team with 34 nationalities • Above industry Kununu score 4.3 out of 5 (automotive industry average 3.1)1) • 231 people at y
Slide 40: Improvement in ESG strategy as well as goals
40 CORPRATE UPDATE Improvement in ESG strategy as well as goals REPORTING MEMBERSHIPS • 5th voluntary sustainability report published in April 2022 • Reporting and offsetting activity-based value chain emissions and reporting on governance performance Participation in the Time for Climate Action cam
Slide 41: Sono Group N.V.
SONO GROUP N.V. Waldmeisterstrasse 76 80935 Munich | Germany INVESTOR RELATIONS T +49 (89) 790 37 32 9920 E ir@sonomotors.com W sonomotors.com Managing Directors: Laurin Hahn, Jona Christians, Torsten Kiedel, Thomas Hausch, Markus Volmer © Sono Motors 2022