Slide 1: Worksport Q2 2026 Earnings Call
“Worksport. Q2 2026 Earnings Call For the quarterly period ended June 30, 2026 Steven Rossi Jennifer Kartychak Founder & Chief Executive Officer Chief Financial Officer Worksport Ltd, 2026 @2 Earnings Call [August 11th 4:30PM ET] WORKSPORT.COM - INVESTORS@WORKSPORT.COM
Slide 2: Safe Harbor Statement
m= SAFE HARBOR STATEMENT Forward-looking statements During this call, we will make forward-looking statements, including statements regarding our expectations for financial and business trends, our market position, our go-to-market and growth initiatives, and our product programs and their expected
Slide 3: Agenda
=== AGENDA What we will cover today 01 02 03 04 05 06 07 Q2 2026 scorecard The WKSP platform Liquidity and capital resources Financial review Inventory strategy Commercial execution 2026 outlook and cash-flow framework S. ROSSI S. ROSSI J. KARTYCHAK J. KARTYCHAK S. ROSSI S. ROSSI ninutes of prepared
Slide 4: Q2 2026 Scorecard
m= G2 2026 SCORECARD &Worksport. Record revenue, lower costs and lower cash burn — in the same quarter NET SALES GROSS PROFIT OPERATING EXPENSES OPERATING CASH USE +27% Yo - +58% QoQ +52% YoY - +93% QoQ 17% vs Ql 2026 ~58% vs QI 2026 Strongest quarter in company history Margin =32%, vs =26% in QI 20
Slide 5: The WKSP Platform
=== THE WKSP PLATFORM &Worksport. A diversified platform — one manufacturing core, multiple products, channels and revenue streams CORE ECONOMIC ENGINE — TODAY Hard-folding tonneau covers, built in-house Manufactured at our ISO 9001:2015-<ertified facility in West Seneca, New York Newest cover, NEXU
Slide 6: Liquidity & Capital Resources: Liquidity and Going Concern
—— LIQUIDITY & CAPITAL RESOURCES — LIQUIDITY AND GOING CONCERN &gWorksport. Liquidity rests on cash, revolver availability — and $12.1M of inventory ready to convert § Cash and cash equivalents at june 30, 2026. 1.2M The Q2 Form continues to di 3e substantial doubt about our ability to 1m, The plan
Slide 7: Liquidity & Capital Resources: Capital Strategy and Dilution
—— LIQUIDITY & CAPITAL RESOURCES — CAPITAL STRATEGY AND DILUTION &gWorksport. H1 capital funded the scale build — the priority now is reducing reliance on dilutive capital WHAT H1 2026 CAPITAL WAS FOR CEO ALIGNMENT The objective during the first half was to strategically support growth initiatives t
Slide 8: Financial Review - Revenue and Channels
—— FINANCIAL REVIEW — REVENUE AND CHANNELS &gWorksport. Net sales of $5.2M — up 27% year over year, 58% sequentially, and building every month of the quarter Quarterly net sales ($M) Monthly net sales within Q2 ($M) Q2 channel mix ($M net sales) 4.0 5 52 : 21 2.0 Ad 7 1.4 05 10 0.0 o @2 2025 QI 2026
Slide 9: Financial Review - Gross Margin
—— FINANCIAL REVIEW — GROSS MARGIN yWorksport. Gross margin expanded to =32% — five-plus points of expansion against a rising cost base Gross profit ($M) and gross margin (%) by quarter w DROVE THE EXPANSION | Higher sales volume — record units through both channels 40 44, Overhead absorption effici
Slide 10: Financial Review - Operating Expenses and Net Loss
mee FINANCIAL REVIEW — OPERATING EXPENSES AND NET LOSS &Worksport. Operating expenses fell $1.1M (-17%) sequentially — net loss improved 32% to $3.97M @2 2026 operating expenses ($M) — all captions down sequentially Net loss ($M) — improving sequentially Research & development | 5 Sole ait Pe 3 5.83
Slide 11: Financial Review - Cash Flow
—= FINANCIAL REVIEW — CASH FLOW yWorksport. Operating cash use fell 58% sequentially to $3.4M — the balance-sheet build phase is behind us Q2 2026 operating cash-flow bridge ($M) $3.97™M > sm > 927M ™ <$0.56M in that the balanc et build phase is behind us Net cash used in operating activities ($M) C
Slide 12: Inventory Strategy
—= INVENTORY STRATEGY &gWorksport. $12.1M of inventory is the largest internal source of working capital — conversion is already underway Net inventory composition, June 30 ($M) 10V Procurement — spend complete more c than made in Jul Production — sell-through led Manufacturing is managed against de
Slide 13: Commercial Execution - NEXUS and the Core Business
m= COMMERCIAL EXECUTION — NEXUS AND THE CORE BUSINESS yWorksport. NEXUS — from first unit to $1.0M of cumulative net sales in about 10 weeks $1.0M cumulative net sales in =10 weeks NEXUS entered commercial production on April 13, 2026, with sales shortly after — @2 2026 was its first quarter in the
Slide 14: Commercial Execution - Distribution
mes ~COMMERCIAL EXECUTION — DISTRIBUTION &Worksport. Two distribution partners added in Q2 — the widest wholesale access in company history Meyer Distributing JOINED JUNE 2026 - FIRST MULTINATIONAL PARTNER Brings a substantially larger North American wholesale network serving dealers, installers and
Slide 15: Commercial Execution - SOLIS, COR and AetherLux
=== COMMERCIAL EXECUTION — SOLIS, COR AND AETHERLUX The energy platform is advancing through certification gates — capital allocated against measurable milestones SOLAR TONNEAU COVER jeneration integrated directly into the tonneaucover platform. Entered Q2 with launch and certification work substant
Slide 16: 2026 Outlook and Cash-Flow Framework
—— 2026 OUTLOOK AND CASH-FLOW FRAMEWORK &gWorksport. The path to positive operating cash flow is straightforward — and Q2 moved all four drivers at once Q2 2026 coverage math ($M, approximate) SENSITIVITY GUIDEPOSTS — NOT REVENUE GUIDANCE PF Recurring cash operating & other costs =$4.5M =$12.9M Gros
Slide 17: Closing Remarks
5 Worksport. wees CLOSING REMARKS Abusiness on its way to successfully scaling Q2 2026 showed that Worksport can generate stronger revenue, expand margin, reduce operating expenses and materially improve cash efficiency in the same quarter — against a rising input-cost base. There is still work ahea
Slide 18: Question & Answer Session
“yWorksport. =———= QUESTION & ANSWER SESSION QA We welcome live questions from analysts on the call. Investors may submit questions through the Zoom Q&A feature or by email. Selected investor questions may also be addressed during the town hall immediately following this call. Investor relations inv