Slide 1: Investor Presentation H1 2026
Investor Presentation H1 2026 CORPORATE FINANCE FINANCIAL RESTRUCTURING FINANCIAL AND VALUATION ADVISORY August 2026 HL.com
Slide 2: Financial Highlights H1 2026
FINANCIAL HIGHLIGHTS H1 2026 REVENUE (EURm) • Revenue declined to 6.9m EUR in comparison to H1 2025, reflecting major customer inventory H1 2026 6.9 build-up at prior year-end and the production shutdown in Q2 2026. H1 2025 10.4 EBITDA (EURm) • EBITDA remained slightly positive at 0.1m EUR, despite
Slide 3: Profit and Loss H1 2026
PROFIT AND LOSS H1 2026 EURm • Revenue totaled 6.9m EUR, due to the factory shutdown and advanced customer orders end of the previous year. Income Statement H1 2026 H1 2025 Revenues 6.9 10.4 • Capitalized own work rose to 2.1m EUR, driven by the final R&D phase of Increase in contract assets portfol
Slide 4: Cashflow H1 2026
CASHFLOW H1 2026 EURm Cash Flow Statement H1 2026 H1 2025 Cash and cash equivalents at beginning of period 3.1 -2.8 Cash flow from operating activities 1.3 3.3 Cash flow from investing activities -2.2 -2.2 Cash flow from financing activities 0.8 -0.7 Net change in cash and cash equivalents 0.0 0.5 F
Slide 5: Balance Sheet H1 2026
BALANCE SHEET H1 2026 EURm Balance Sheet Jun 30, 2026 Dec 31, 2025 Total Assets 39.9 39.6 A. Non-current assets 29.5 27.6 B. Current assets 10.3 12.0 Equity and liabilities 39.9 39.6 A. Equity 13.8 14.6 B. Non-current liabilities 11.1 10.3 C. Current liabilities 14.9 14.8 • Total assets increased sl
Slide 6: Current Status Production SE09 & NMC+
CURRENT STATUS PRODUCTION SE09 & NMC+ 1. Production of SE09 battery packs ended • Last packs produced 24.04.26 • Production of spare parts finalized 30.04.26 • SE09 shipments to customers until August´26 • Modules, Packs and other components (BMS, S-boxes) available as spare parts 2. Serial producti
Slide 7: NMC+ Serial Production & Electronic Integration
NMC+ SERIAL PRODUCTION & ELECTRONIC INTEGRATION 1. NMC+ Serial batteries shipment to bus customers • started in July 2026 2. Integration project ongoing for BMW i3 conversion • First cars running, working on passenger car homologation and electronic integration for BMW vehicle communication 3. First
Slide 8: Immersion Cooled Battery Technology
IMMERSION COOLED BATTERY TECHNOLOGY 1. Ongoing projects with truck OEM • Order intake in steps, simulation phase finalized soon, final strategic decisions pending – informed by the customer that it will take some time • Next step: Prototype immersion cooled modules 2. Technical feasibility discussio
Slide 9: Operational Highlights BESS
OPERATIONAL HIGHLIGHTS BESS Good business progress since signed cooperation agreement with LEAP Energy in April 2025 • Finsterwalde 1+2: Germany 5 MW / 20 MWh (4h-system) – connected to the grid, final tests performed in July 2026 • 2nd project won: Germany Northern Bavaria project 5 MW / 10 MWh – c
Slide 10: Operational Highlights BESS
OPERATIONAL HIGHLIGHTS BESS • Customer base extended to over 20 companies, prospect list exceeds 60 potential clients in the wind and photovoltaic sector. • Supplier strategy: o DC: 1st LEAP Energy, 2nd source Sunwoda supplying IBC Solar AG projects o AC: Sinexcel, Power Electronics and Sineng as al
Slide 11: Sales Team BESS
SALES TEAM BESS Build up Sales team BESS • Strong BESS team in place: 3x Sales & Business Development 1x Head of Strategy 1x Business Development Italy 1x Technical Solution Manager • Additional Sales Manager Italy position opened (Italy 2 nd largest EU market for BESS) • Hildburghausen as BESS serv
Slide 12: Disclaimer
Disclaimer THE MATERIALS SET FORTH IN THIS PRESENTATION DO NOT CONSTITUTE EITHER AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF OFFERS TO BUY SECURITIES. ANY SUCH OFFER OR SOLICITATION WILL ONLY BE MADE PURSUANT TO A SUBSCRIPTION AGREEMENT, A FINAL PRIVATE PLACEMENT MEMORANDUM, OR ANOTHER OFFICI
Slide 13: Strictly Confidential. Not for Distribution.
Strictly Confidential. Not for Distribution.