Slide 1: Q3 2022
Q3 2022 Peter Bardenfleth-Hansen CEO Kurt Østrem CFO
Slide 2: Update from the CEO
Update from the CEO Peter Bardenfleth-Hansen 2
Slide 3: Q3 highlights
Q3 highlights Strong revenue growth of 73% to 226 MNOK and 58% increase in order intake to 233 Electrification continues to be a predictable MNOK compared to Q3 2021 megatrend with increasing EV adoption in all markets, however vehicle sales weakened in some countries as macroeconomic outlook worsen
Slide 4: Key financial figures Q3 2022
Key financial figures Q3 2022 MNOK/% Q3’22 Q3’21 YTD’22 YTD’21 Quarterly revenue and order intake (MNOK) Revenue 226.1 131.0 509.9 296.2 250 226 Export share 70% 56% 69% 47% 200 193 Gross margin 38.8% 44.8% 41.6% 39.2% 152 150 131 132 Opex 72.8 41.5 185.7 85.8 100 92 EBITDA 14.9 17.2 26.6 30.2 79 73
Slide 5: Increasing addressable market
Electric vehicle market shares Increasing addressable market Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV) share of total new vehicle sales 2021 Electric vehicle market shares are rising, driven by key trends: 56% Governments seek and incentivise emission reductions 83% A
Slide 6: Despite slowdown in vehicle sales, electric vehicle adoption continues across Europe
Despite slowdown in vehicle sales, electric vehicle adoption countinues across Europe EV market share in EU is increasing over time Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV) share of total new vehicle sales in the European Union Over the first three quarters of 2022,
Slide 7: New EV sales in Zaptec's core areas
New EV sales in Zaptec’s New EV Sales core areas Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV) 140.000 EV sales in Zaptec’s largest current markets: 120.000 Norway, Sweden, Denmark and Switzerland 100.000 80.000 Switzerland 60.000 • 5% decrease YTD 2022 vs YTD 2021 40.000
Slide 8: Fast-paced international growth
Fast-paced international growth Sales outside Norway, MNOK Subsidiaries established where EV adoption is >10x increase increasing; Sweden, Denmark, UK, Germany, Switzerland, France, Benelux Distributors in place across Western Europe; 157 new subsidiaries to follow in additional countries 109 105 90
Slide 9: Agreements signed in Q3
Agreements signed in Q3 Several new partners and customer agreements were signed in Q3, many of which chose Zaptec due to its superior safety and high-quality offerings: 9
Slide 10: The New Zaptec Pro software prototype enables seamless EV charging
The New Zaptec Pro software prototype enables seamless EV charging In Q3, we invested NOK 5 million in software company Switch EV and launched a new software prototype making Zaptec one of the first EV charging manufacturers to provide complete end- to-end implementation and compatibility of Plug&Ch
Slide 11: Additional production partner in Germany
Additional production partner in Germany To support growth and reduce the risk associated with capacity and the component market, Zaptec's second production partner Sanmina Corporation started the production lines during Q3. 11
Slide 12: Product market compliance and material contracts in UK
Product market compliance and material contracts in UK Large addressable market; 68 mill population, increasing EV adoption and high EV readiness1 Zaptec Pro and Zaptec Go are now compliant with UK EV charging regulatory requirements and Zaptec Park payment solution is launched in UK. Zaptec has bui
Slide 13: Recurring revenue potential from payment services and Switch EV strategic partnership
Recurring revenue potential from payment services and Switch EV strategic partnership Successful launch of Zaptec Over 16000 charge points Switch EV partnership highlights Park payment service in with Charge365 payment Zaptec as AC charging frontrunner Sweden in June service installed to date in to
Slide 14: Investment highlights
Investment highlights Increasing addressable market, Superior safety features and high-quality products 1 driven by strong electrification trends 4 certified at the highest level2 Technology leading, award-winning Strong growth and ramp-up for full-scale 2 Electric Vehicle charging systems1 5 Europe
Slide 15: Q&A; Disclaimer – forward looking statements
Q&A Disclaimer – forward looking statements Cautionary Statement Regarding Forward-Looking Statements In addition to historical information, this presentation contains statements relating to our future business and/or results. These statements include certain projections and business trends that are