Worksport, Ltd. · NASDAQ:WKSP
Worksport — Q1 2026 Earnings Presentation
19 slides from Worksport's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Earnings Call
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Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Inherent Uncertainties Statements Actual results may materially differ This presentation contains forward- from projected outcomes due to looking statements based on market volatility, competitive management's current expectations pressures, regulatory changes,
Slide 3: Today's Agenda
Today's Agenda Ol 02 Key Takeaways _ Liquidity Position from Ql 2026 & Capital Strategy 04 05 Operational Terravis Energy & Milestones AetherLux SOLIS, COR, NEXUS, and Platform Update distribution expansion ®worksport. Welcome to Worksport! 03 Financial Review Revenue, gross margin, operating expens
Slide 4: Key Takeaways
Key Takeaways Ql was strategically focused on investment and achieving launch-readiness, successfully laying the groundwork for future growth and market penetration. Product Launches & Certification SOLIS & COR entered commercial availability (Jan) NEXUS unveiled at Keystone BIG Show; pre-orders ini
Slide 5: What Worksport Actually Is
What Worksport Actually Is Worksport is an innovation-focused U.S. manufacturer building clean-energy focused solutions. 7 BUSINESS SNAPSHOT ; Innovation-Focused U.S. Manufacturi Bae ee , his , MANUFACTURING $13.3M $11.6M West Seneca, NY oo Design, build, and scale high-quality pa manufacturing phys
Slide 6: From Tonneau Covers to Energy — The Platform Vision
From Tonneau Covers to Energy — The Platform Vision Terravis AetherLux ZeroFrost - Advanced heat pump - $150B+ HVACR market pAg -@)s ay aaa 4 ‘SOLIS + COR - Solar generation ° & portable power storage - $13B+ portable power market (physical platform) - 61M light trucks in U. SSC 848+ TAM A Unified G
Slide 7: Liquidity Position
Liquidity Position ® Our fiscal 2025 Form 10-K included a going concern explanatory paragraph. We are addressing it with a clear operating plan focused on inventory conversion, margin growth, and disciplined capital management. QI 2026 Cash Bridge Cut Cash Use Reduce operating cash consumption Conve
Slide 8: Capital Strategy — Disciplined & Shareholder-Conscious
Capital Strategy — Disciplined & Shareholder-Conscious ATM Facility — Tactical Use Capital Evaluation Framework Only Every capital decision is tested During QI 2026, Worksport raised against operational return and approximately $2.2 million through its shareholder value impact amended At-the-Market
Slide 9: Financial Review — Revenue
Financial Review — Revenue 3.3 oi2028 Q1 2026 Revenue Breakdown 4 47.92% from Ql 2025 Net Sales (SM) Net Sales (SM) Total Net Sales: $3.3M Hard Tonneau: ~$3.3M +47.9% YOY vs. $2.2M in Ql (99%) 2025. U.S. represents 99% of Strategic concentration in revenue, up 48.5% YoY. higher-margin, American- mad
Slide 10: Financial Review - Gross Margin
Financial Review - Gross Margin Gross Margin (%) -- 35 30 26 25 20 7 ° Q12024 Q12025 Q12026 Period Margin Analysis Sequential Step-Down Explained Q4 2025 (~30%) to QI 2026 (~26%) reflects sales channel mix, seasonal patterns, and new product onboarding timing — not structural deterioration. B2C Gros
Slide 11: Operating Expenses — Investing Ahead of the Revenue Curve
Operating Expenses — Investing Ahead of the Revenue Curve 8 12025 (SM) # Q12026 ($M) OpEx Commentary Quarterly Spend ($M) pens ed R&D: -44% YoY G&A: +24% to $4.3M 4 AL4 and HD3 moved into full Primarily capital market production in 2025. R&D now positioning and enterprise value directed toward next-
Slide 12: Financial Review - Cash Flows
Financial Review - Cash Flows Our balance sheet at March 31, 2026, reflects strategic investments in operational assets to support significant product launches and future growth. Cash & Equivalents QI Operating Cash Use Strategic Deployment ~$0.6M at Mar 31, 2026 (vs. $5.9M at Dec 31, 2025) ~$8.2M t
Slide 13: SOLIS & COR — Commercial Launch
“yWorksport. Earnings Call | Ql 2026 SOLIS & COR — Commercial Launch
Slide 14: NEXUS Tonneau Cover — A New Category Leader
NEXUS Tonneau Cover — A New Category Leader SS SS AUTO UPLATCH, Single-Side Operation. Brand New Concept. Unveiled at the Keystone BIG Show on March 19, 2026 — one of North America's premier automotive aftermarket trade events. Key Innovation Commercial Launch: April Full-bed access and complete 202
Slide 15: Distribution & Channel Expansion
Distribution & Channel Expansion Metric Start of FY2025 End of FY2025 Target YE2026 ®worksport. 600 800 Dealer Locations 1k 1.2k 1.4k 1.6k > Channel Architecture Tri-State Distribution (April 2026) First major distributor relationship. AR, MO, OK, TX coverage. Initial POs placed. Truck covers are a
Slide 16: Terravis Energy — AetherLux ZeroFrost Update
Terravis Energy — AetherLux ZeroFrost Update (AetherLux] (_ AetherLux is not included in 2026 revenue guidance. It represents strategic upside. Investors will be updated as lab results and certification milestones are achieved. Worksport. Earnings Call | Ql 2026
Slide 17: 2026 Outlook
2026 Outlook Worksport is in its strongest commercial position in company history. We are actively targeting operational cash flow positivity and continued revenue growth this fiscal year. & Revenue Growth Trajectory Revenue expected to increase Annual Guidance Policy Moving from quarterly to annual
Slide 18: Closing Remarks: Building for a Sustainable Future
Closing Remarks: Building for a Sustainable Future Proven Growth Trajectory Strategic QI 2026 From under $2 million to over $16 million in Accomplishments annual revenue, we are poised for Successfully launched SOLIS, COR, and operational cash flow positivity and NEXUS, secured a major distributor,
Slide 19: Question & Answer
Question & Answer af Session \ Grow Your . . : Business Worksport welcomes live questions from m4” With Us attending analysts. Investors are encouraged to email questions to investors@worksport.com. ®worksport. Earnings Call | Ql 2026 ad