Dragonfly Energy Holdings Corp · NASDAQ:DFLI
Dragonfly Energy — Q1 2024 Earnings Presentation
14 slides from Dragonfly Energy's earnings presentation, May 14, 2024
Slide 1: Quarterly Earnings Update Q1 2024
dragonfly” ENERGY Quarterly Earnings Update | QI 2024 May 14, 2024 Nasdaq; DFLI
Slide 2: Legal Disclaimer
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Slide 3: Q1 2024 Highlights & Results
QI 2024 Highlights & Results = Q12024 ern jancial Results QI 2024 Highlights Snapshot Medium & Heavy Duty Trucking Battle Born? Liftgate Power Systems from trucking providers and fleet operators \g purchase orders for its Battle Born® All-Electric APUs and Net Sales Gross Profit + Battle Born® All-E
Slide 4: CEO quote on Dragonfly Energy's growth opportunities
“| am incredibly excited about where Dragonfly Energy stands right now as a company and our opportunities for growth over the long-term. Combining a valuable brand, a robust intellectual property portfolio, a recovering core market, and the potential for rapid expansion into significant adjacent mar
Slide 5: Medium & Heavy Duty Trucking Market Update
Medium & Heavy Duty Trucking Market Update ees OQFQST ZOAKLEVE Dragonfly Energy & Velociti Partner To Deploy Lithium APUs Pilot programs in progress with fleets representing over 15% of the North ‘American Heavy Duty Trucking Market. Battle Born? Battle Born® All-Electric APU Liftgate Power System N
Slide 6: Recreational Vehicle Market Update
Recreational Vehicle Market Update others Dragonfly Energy's Battle Born Batteries® have established a significant presence in the market, particularly within the RV industry. Thor Industries, Inc. re nm Dragonfly Energy's Batteries Are Factory Installed by a a ne High Percentage of Major RV Manufac
Slide 7: Research & Development
Research & Development General Update Dragonfly Energy has made significant progress in optimizing auxiliary unit operations associated with cell manufacturing - specifically ageing, formation, and end-of-line testing. With the dry electrode process at pilot scale, we are now focusing our efforts on
Slide 8: Formation & Early Life Cycle + Cycle Longevity
R&D Data Formation & Early Life Cycle + Cycle Longevity Formation & Early Life Cycle GSRETRGE Elia EA) Ream S=CS Discharge Specific Capacity (mah/g) For Early Cycles keeping chemistry constant but | a Sooeomeen manipulating soaking, formation, ; ‘and aging, yield different results. i _- By altering
Slide 9: Quality Control: High Capacity
R&D Data | PFAS-Free quality Control: High Capacity (~25mg/cm?) Dragonfly Energy's dry electrode process reduces the electrical resistivity of electrode tapes. This remains consistent even when comparing high-capacity electrodes (~4.5mAh/cm?) to standard capacity (~2.5mAh/cm?) industry slurry casted
Slide 10: Quality Control: High Capacity
R&D Data | PFAS-Free quality Control: High Capacity (~25mg/cm?) Cathode Max. Tensile Force (N) Anode Max. Tensile Force (N) 40 20 18 120 z ee = 100 oo 8 g 2 8 Be $ 2 0 2 60 Bo. gz 40 2 8 = = 4 20 ; ° ° 1 bragonty Energy High Capacty-PFAS-Free industry Standard Copacty 1 bragonty Energy High Copacty
Slide 11: Quality Control: High Capacity
R&D Data | PFAS-Free quality Control: High Capacity (~25mg/cm?) Cathode Porosity Anode Porosity 45% 30% 40% 25% 38% 20% 20% 25% 18% 20% 15% 10% 10% 5% 5% om ox 1 Dragontty Energy High Copacily PFAS-Free Industry Standard Capacity 1 Dragonfly Energy High Copacty industry standard Capocity Dragonfly E
Slide 12: Electrochemical Testing: Half Cells
R&D Data | PFAS-Free Electrochemical Testing: Half Cells Dragonfly Energy High Capacity vs Industry Standard Capacity Coulombic Efficiency (%) For Early Cycles ‘cycle ve. Coulombic Efficiency (%) ‘cycle ve. Discharge Specific Capacity Retention (%) veo eS - eri ecny (9) >90% FCE | 299.9% CE 219 cyci
Slide 13: Electrochemical Testing: Half Cells
R&D Data | PFAS-Free Electrochemical Testing: Half Cells tiny (8) Dragonfly Energy High Capacity vs Dragonfly Energy Standard Capacity Coulombic Eficieney (1k) For Early Cycles cycle vs. Coulombic Efficiency (%) cycle ve. Discharge specific Capacity Retention (4) >90% FCE | >99.9% CE | 215) eystooah
Slide 14: Investor Relations contact
drago nily* Quarterly Earnings Update | QI 2024 May 14, 2024 Investor Relations Caldwell Bailey, ICR Inc. dragonflyiR@icrine.com 775-221-8892 Nasdaq; DFLI
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