Slide 1: 2024 Earnings Report
Exhibit 99.2 2024 EARNINGS REPORT
Slide 2: Presenters
2024 EARNINGS REPORT Enric Asunción Luis Boada Michael Wilhelm Co-Founder & Chief Financial Officer Investor Relations Chief Executive Officer
Slide 3: 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 4: Recent $45 Million Investment & Commercial Expansion
Q2 2024 1 Recent $45 Million Investment & Commercial Expansion Commercial Results + Generac expanding + Several + Supernovas energy system thousand sold in offering to include Pulsar Plus Europe to Wallbox charger NA sold to Pramac date $45 Million total investment from number of Commercial Expansio
Slide 5: Highlights
Q2 2024 Highlights Q2 Revenue Q2 Gross Margin €11.2M 1 Adjusted EBITDA loss €48.8M 39.1% 47% YoY Improvement A 48% YoY increase 936 Basis Points Driven by the US with 65% YoY increase YoY Improved Q2 Labor costs and OPEX ~380 DC units sold DC revenue growth of 64% YOY ~48,500 AC units sold 11% Inclu
Slide 6: Revenues by Geography
Q2 2024 Revenues by Geography 44% YOY Europe 65% YOY 1 €34.5M / 71% North America 1 €11.4M / 23% APAC 1 €1.8M / 4% LATAM 1 €1.2M / 2% 1. As percentage of revenue 6 2024 EARNINGS REPORT Q2
Slide 7: Revenues by Product
Q2 2024 Revenues by Product 66% AC Sales 1 €32.2M / 66% DC Sales 1 22% €10.6M / 22% Software, Services & Others 1 €6M / 12% 12% 1. As percentage of revenue 7 2024 EARNINGS REPORT Q2
Slide 8: Market Overview: EVs Sold in Key Markets Poised for Growth
Q2 2024 Market Overview 1 EVs Sold in Key Markets Poised for Growth 1.60 1.48 1.49 1.42 1.37 1.22 90% 0.84 0.75 0.80 0.78 0.72 of installations 0.67 2 still to be realized 0.31 0.28 0.25 0.24 0.28 0.20 0.45 0.45 0.43 0.40 0.38 0.34 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 + EVs are on an + So
Slide 9: Financial Review
Q2 2024 Financial Review Q2 Revenue Q2 Labor Costs & OPEX STRONG DC SALES €48.8M €32.3M CONSITENT 13% sequential rise | 48% YoY rise Continuous reduction of labour costs & OPEX GROSS MARGIN 1 Q2 Gross Margin Q2 Adjusted EBITDA Loss LARGE CONTRIBUTION FROM NORTH AMERICA 39.1% €11.2M 940 basis points
Slide 10: Continuous Improvement of Key Financials
Y O Y % 3 Y O Y Q2 2024 Continuous Improvement of Key Financials Metrics 1 2 Revenue Cash Cost Reduction Adjusted EBITDA 50.0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 49 2022 2023 2023 2023 2023 2024 2024 43 43 40.2 37.7 36.4 36.4 35 35.0 26.7 32 33 33.2 32 18.2 12.7 16.0 10.8 14.9 13.7 (11) (13) (15) (17) 24.2 23.7 (2
Slide 11: Key Financial Metrics
Q2 2024 Key Financial Metrics €65.2M €91M Cash And Cash Equivalent And Q2 Long-Term Debt Financial Investments €5 million decrease Not including the recent $45 compared to last quarter investment €84.9M €2.7M Q2 Consolidated Inventory Q2 Capex Reduced by 5% from Q1 Circa €450k on Property Plant & Eq
Slide 12: Closing Thoughts
Q2 2024 Closing Thoughts Achieving Milestones Positioning to benefit long-term Outperform & continuous growth + Revenue growth + We have the products + Geographical diversification selling in every continent + Cost reduction + We have the technology + Margin improvement + We have the production faci
Slide 13: Wallbox
wallbox #
Slide 14: Financial Overview Reconciliation
Financial Overview 1 Reconciliation Unaudited, in € 000’s YEAR 2024 YEAR 2023 Q2 Q1 Q2 Operating Loss (25,268) (23,781) (31,001) Amortization and depreciation 9,668 8,750 5,981 EBITDA (15,600) (25,020) (15,031) 1,133 1,194 411 One off expenses 726 652 4,406 Employee Stock Options Plan 195 220 425 ES
Slide 15: Definitions and Disclosures
Definitions and Disclosures 1 “EBITDA” is defined as loss for the period before income tax credit, financial income, interest expenses, change in fair value of derivative warrants liabilities, foreign exchange gains/(losses), amortization and depreciation and share of profit of equity-accounted inve
Slide 16: Thank you
Thank you Gracias Danke 谢谢 Web Contact Twitter @wallboxchargers www.investors.wallbox.com investors@wallbox.com Facebook Wallbox LinkedIn Wallbox Instagram @wallboxcharger