Slide 1: Wallbox Investor Presentation June 2021
Exhibit 99.3 Wallbox Investor Presentation June 2021 KENINGTON
Slide 2: Notice to and Undertaking by Recipients
NO T I C E T O A N D U N D E R T A K I N G B Y R E C I P I E N T S About this Presentation This investor presentation (this “Presentation”) is for informational purposes only to assist interested parties in making their own evaluation with respect to a possible transaction (the “Business Combination
Slide 3: Transaction overview
W A L L B O X & K E N S I N G T O N Transaction overview Overview • Founded in 2015, Wallbox is a global EV charging and energy management solution provider • Kensington Capital Acquisition Corp. II (“Kensington”) is an automotive-focused SPAC with ~$230mm of cash held in trust • Kensington and Wall
Slide 4: Make Energy Powerful
Make Energy Powerful SI M P LE We innovate to make energy simpler SM A R T Embedded intelligence and V2G 1 and V2H energy management IN N O V A T IV E User-focused innovation drives us DE S IG N—CEN T RI C Design is not a luxury CO MP A T I B L E Compatible with all plug-in electric and hybrids 1 V2
Slide 5: Wallbox Management Team
WA L L B O X M A N A G E M E N T T E A M Founder-led company with an experienced management team from technology, energy and industrial backgrounds Enric Asunción Co-Founder & Chief Executive Officer Eduard Castañeda Co-Founder & Chief Product Officer Oriol Riba Chief Operations Officer Jeff Dunham
Slide 6: Board and Investors
BO A R D A N D I N V E S T O R S Backed by global leading strategic and financial investors that bring value-added experience CU R R E N T B O A R D M E M B E R S A N D I N V E S T O R S Jose Maria Tarragó Beatriz Gonzalez Pol Soler Marc Sabe Jacky Abitbol Pedro Alonso Juan Campmany Luis Sanchez Raq
Slide 7: Wallbox at a Glance
WA L L B O X AT A G L A N C E We design, develop and distribute charging and energy management solutions for e-mobility needs +100k 1 UN I T S S O L D +150k P U B L I C C H A R G I N G S T A T I O N S C O N N E C T E D 3 M A N U F A C T U R I N G 2 F A C I L I T I E S +4.3mm C H A R G I N G 3 S E S
Slide 8: The EV Charging Market
THE E V C H A R G I N G M A R K E T Mass EV adoption means significant charging infrastructure growth and projected $102bn TAM1 in 2030 PROJECTED CUMULATIVE # OF ELECTRIC VEHICLES Units (mm) PROJECTED CUMULATIVE # OF GLOBAL CHARGE POINTS INSTALLED Units (mm) 70% of all charging occurs at home and wo
Slide 9: Wallbox's Existing Product Portfolio
W A L L B O X ’ S E X I S T I N G P R O D U C T P O R T F O L I O Solutions to empower users at home, at work and in public HO M E HO M E & B U S I N E S S P U B L I C Pulsar Commander (AC) (AC) myWallbox 2.0 Pulsar Plus Commander 2 Copper (AC) (AC) (AC) Quasar (DC) Electromaps Supernova 1 (DC) Most
Slide 10: Home and Business AC Charging Solutions
HO M E A N D B U S I N E S S A C C H A R G I N G S O L U T I O N S Designed for consumer intimac CO M P A CT 1 Highest power output per size on the market CO N N E CT E D Via Wi-Fi, Bluetooth, Ethernet or 4G SM A R T Adjusting power output automatically EA S Y—TO—US E Personalized and secure user in
Slide 11: Home and Business Software Solutions
HO M E A N D B U S I N E S S S O F T W A R E S O L U T I O N S Embedded and interoperable EV charging software to manage and control the flow of energy B O X—RE SI D E N T I A L N E S S S O F T W A R E
Slide 12: Bi-directional Charging & Energy Management
BI—DI R E C TI O N A L C H A R G I N G & E N E R G Y M A N A G E M E N T Realizing the future of charging with Quasar PIO N EER IN G T E C H One of the first bi-directional chargers in the world for residential use BI—DI R EC T I O N A L Changes the flow of energy to enable V2G and V2H CU T T I N G—
Slide 13: Energy Control
E N E R G Y C O N T R O L Bi-directional charging opens up new opportunities for energy management in homes, buildings and grids WA L L B O X H Q Grid power limit Wallbox HQ Building energy need Building energy usage Solar power generation during the day Quasars discharge EVs to prevent power outage
Slide 14: Public Charging Solutions
P U B L I C C H A R G I N G S O L U T I O N S Unique DC technology transforms the public charging experience RE L I A B L E B Y D E S I G N Modular design uses Quasar power modules AFFO R D AB L E Half the total investment of similar fully- 1 installed public chargers CO M P A CT Easier to transport
Slide 15: Public Charging Software
PU B L I C C H A R G I N G S O F T W A R E Electromaps combines consumer charging data and charger management software to enhance the EV experience on the road A leading MSP1 in Southern Europe Extensive information network & data Complete & social ecosystem Hardware agnostic charger management Scal
Slide 16: One Model Capable of Serving Multiple Channels
ON E M O D E L C A P A B L E O F S E R V I N G M U L T I P L E C H A N N E L S We serve a variety of clients around the world A U T O M O T I V E O E M S A N D D E A L E R S H I P S E N E R G Y C O M P A N I E S V A L U E A D D E D D I S T R I B U T O R S & R E S E L L E R S I N S T A L L E R S E N
Slide 17: The Wallbox Future
TH E W A L L B O X F U T U R E Be the provider of all-in-one renewable energy solutions with the charger at the center Peer to Peer Energy Transactions Generate energy from own renewable energy sources and trade it with other individuals Automatic Charging Charger starts charging when electricity co
Slide 18: A Global Force
A G L O B A L F O R C E We are an international company, with sales, manufacturing facilities and offices worldwide North America (2020) • North America HQ in Mountain View, CA with innovation lab in San Jose, CA • In-house manufacturing in the USA expected by 2022 • Warehouse facility in California
Slide 19: Wallbox Growth
WA L L B O X GR O W T H Strong revenue trajectory due to favorable growth drivers PROJECTED REVENUES USD (mm) Source: Wallbox company projections | Applied exchange rate: EUR:USD = 1.208 – 04/30/2021—ECB G R O W T H D R I V E R S Full suite of EV charging solutions and software Capex light business
Slide 20: Consolidated Financial Summary
CO N S O L ID A T E D F I N A N C I A L S U M M A R Y Wallbox future growth summary CO M M E N T A R Y • Fully funded business plan • Revenues from charging solutions, software subscription, installations and energy management • Strong pipeline and revenue potential from existing sales partners • Gr
Slide 21: Wallbox Transaction overview
WA L L B O X 1 Transaction overview USD (mm) SO URC E S Kensington Shares2 $1,400 Kensington Cash Held in Trust 230 Wallbox Existing Cash3 46 PIPE Investment 100 Total Sources $1,776 USE S Pro Forma Cash3 $336 Equity Consideration to Wallbox Existing Investors2 1,400 Estimated Transaction Expenses 4
Slide 22: Wallbox Valuation: Public peers benchmarking
WA L L B O X VALU AT I O N 1, 2 Public peers benchmarking OP E R A T I ON A L B E N C H M A R K I N G V A L U A T I O N B E N C H M A R K I N G 20 21 E—20 25 E R E V E N U E C A G R ( % ) 2 0 2 0 A G R O S S M A R G I N ( % ) 2 0 2 5 E E B I T D A M A R G I N ( % ) E N T E R P R I S E V A L U A T I
Slide 23: Wallbox Valuation: significant upside potential
WA L L B O X VALU AT I O N 1, 2 Wallbox has significant upside potential USD (mm) COM P A R A B L E EN T ERP RI S E V A L U E P O S T—M O N E Y E N T E R P R I S E V A L U E SUM M A RY O F A P P R O A C H Applied a range of 5.0x – 9.0x EV / Revenue multiple3 to Wallbox’s 2025E revenue to arrive at a
Slide 24: Overview of Kensington Capital Acquisition Corp. II
KE N S I N G T O N Overview of Kensington Capital Acquisition Corp. II JU S T I N M I R R O Chairman & Chief Executive Officer • 25 years of operating, M&A and financing experience in the automotive and automotive-related sector • President of Kensington Capital Partners BO B R E M E N A R Vice Chai
Slide 25: Business Combination Thesis
BU S I N E S S C O M B I N A T I O N T H E S I S Wallbox fulfills Kensington’s investment objectives Global focused automotive business valued at greater than $1.0 billion Leverages high-growth mega-trends of emerging technology proliferation Validated technical, commercial and financial capabilitie
Slide 26: Additional Information
wallbox Additional Information This communication is being made in respect of the proposed transaction involving Wallbox Chargers, S.L. (“Wallbox”), Wallbox B.V. and Kensington Capital Acquisition Corp. II (“Kensington”). This communication does not constitute an offer to sell or the solicitation of