Slide 1: Industry Leader in Lithium Battery Power Solutions
Industry Leader in Lithium Battery Power Solutions Fourth Quarter and Fiscal Year 2023 Financial Results Conference Call NASDAQ: XPON Corporate Presentation March 28, 20241
Slide 2: Important Cautions & Disclaimers
Important Cautions & Disclaimers NASDAQ:XPON Certain statements contained in this presentation (this “Presentation”) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which s
Slide 3: Agenda
Agenda Brian Schaffner CEO NASDAQ:XPON • 30+ years of executive experience in a variety of capacities including CEO, CFO, CIO and • Introduction and Corporate Overview controller. • Former CEO of Capital Physical & Hand Therapy, a multi-site healthcare organization. • 2023 & Subsequent Highlights •
Slide 4: Corporate Overview
Corporate Overview Expion360 is an industry leader of premium lithium iron phosphate (LiFePO4) batteries NASDAQ:XPON and accessories for recreational vehicles and marine applications, now entering the Light Electric Vehicle (LEV), home energy storage and industrial markets. • Experts in design and i
Slide 5: 2023 and Subsequent Highlights
2023 and Subsequent Highlights NASDAQ:XPON • February 2023: Custom 360Ah battery passed UL 1973 certification. We also achieved UL 1973 compliance for our 450Ah EX1 batteries in March 2024. • June 2023: Unveiled e360 SmartTalk, an innovative mobile app that allows seamless integration and management
Slide 6: Battery Portfolio Evolution
Battery Portfolio Evolution Strategic Positioning in Established & Future Premium Markets NASDAQ:XPON LiFePO4 Batteries Power: Recreational Boating & Light Electric Home Energy Industrial Vehicle & Overland Marine Vehicle (LEV) Storage Applications Systems and appliances, Trolling motors and operati
Slide 7: e360 Home Energy
Future Market Expansion e360 Home Energy NASDAQ:XPON • Expion360 plans to begin taking orders for the new energy solutions in the second quarter of 2024 • Shipments expected to commence in the second half of 2024 • High margin solution provides scalability & versatility • Recurring revenue opportuni
Slide 8: Technology Advantages
Technology Advantages NASDAQ:XPON • Overall: compact, high-capacity and significant reliability • Lithium-Iron Phosphate Chemistry: recognized as among e360 12-volt 450 Ah battery features the safest battery chemistries new proprietary anode/cathode design that increases energy density • 2-3 times f
Slide 9: Superior Aesthetics, Design, Materials & Construction
Why Customers Choose E360 Superior Aesthetics, Design, Materials & Construction NASDAQ:XPON QUALITY CONNECTIONS Oversized brass terminal pads. Plainly and permanently marked polarity. HIGH-PERFORMANCE • Rugged Design: IP66-rated enclosures for BATTERY MANAGEMENT SYSTEM Under or overvoltage shutdown.
Slide 10: Product Line for Use Across Markets
Product Line for Use Across Markets NASDAQ:XPON 12V Group 24 12V Group 27 12V Group 27 12V GC2 48V GC2 LiFePO4 SmartTalk & VHC SmartTalk & VHC SmartTalk 60Ah, 80Ah, 95Ah 100Ah, 120Ah 100Ah, 132Ah 144Ah, 162Ah 36Ah 12V EX1 12V EX1 SmartTalk 12V EX2 Edge SmartTalk 48V EX2 Edge SmartTalk AURA Powercap
Slide 11: Go-to-Market Channels
Go-to-Market Channels NASDAQ:XPON Dealer Direct Distributors OEM Private Label • Our distributors provide us access • Offers customers a scalable • Our standardized products sold • Sell directly to dealers who offer to thousands of retail store integrated power system under client’s existing brand E
Slide 12: Fourth Quarter 2023 Financial Highlights
Fourth Quarter 2023 Financial Highlights NASDAQ:XPON Three Months Ended December 31 $ in millions 2023 2022 Revenue $ 0.9 $ 1.4 Gross profit $ 0.2 $ 0.3 Gross margin (%) 23.9% 22.3% Selling, general & administrative expenses $ 2.4 $ 1.8 Net loss $ 2.2 $ 1.5 12
Slide 13: Fiscal Year 2023 Financial Highlights
Fiscal Year 2023 Financial Highlights NASDAQ:XPON Twelve Months Ended December 31 $ in millions 2023 2022 Revenue $ 6.0 $ 7.2 Gross profit $ 1.6 $ 2.3 Gross margin (%) 26.3% 31.9% Selling, general & administrative expenses $ 8.7 $ 8.2 Net loss $ 7.5 $ 7.5 Cash and cash equivalents $ 3.9 $ 7.2 Decemb
Slide 14: Closing Summary
Closing Summary NASDAQ:XPON • We are confident about our growth trajectory for 2024 • 2023 RV shipments down 36.5%1, Expion360 revenue down only 16.5% on increased market share • Expanded our addressable market with launch of Home Energy Storage Solutions for Micro-Energy Grid and Shipments expected
Slide 15: Q&A Contact Us
Q&A Contact Us Expion360 Headquarters 2025 SW Deerhound Ave. Redmond, OR 97756 Tel +1 (541)797-6714 Investor Relations Contact Chris Tyson, Executive Vice President MZ Group - MZ North America 949-491-8235 XPON@mzgroup.us www.mzgroup.us 15