Expion360 Inc. · NASDAQ:XPON
Expion360 — Investor Presentation (May 2024)
31 slides from Expion360's investor presentation, May 2024
Slide 1: Industry Leader in Lithium Battery Power Solutions
Industry Leader in Lithium Battery Power Solutions NASDAQ: XPON Corporate Presentation May 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: Corporate Video
Corporate Video NASDAQ:XPON Video link will open in web browser 3
Slide 4: Corporate Overview
Corporate Overview NASDAQ:XPON Expion360 is an industry leader of premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles, marine applications, and Light Electric Vehicle (LEV), now entering the home energy storage and industrial markets. NASDAQ: XPON • Experts i
Slide 5: RV, Overland & Marine Markets
RV, Overland & Marine Markets Projected Global Recreational Vehicle Market Size1 $117.0 NASDAQ:XPON ($ Billions) $57.3 7.6% Market Drivers CAGR • Growing interest in outdoors activities, watersports and camping 2021 2031 • Visits to National Parks increased to 312 million in 20225 Projected Global O
Slide 6: Battery Portfolio Evolution
Battery Portfolio Evolution NASDAQ:XPON Strategic Positioning in Established & Future Premium Markets LiFePO4 Batteries Power: Recreational Boating & Light Electric Home Energy Industrial Vehicle & Overland Marine Vehicle Storage Applications Systems and appliances Trolling motors and operating Golf
Slide 7: Home Energy Storage Market
Home Energy Storage Market Global Residential Solar Energy NASDAQ:XPON Storage Market1 $ billions Key market drivers • Increasing power interruptions, brown-outs and outages $123.6B in many parts of the U.S. call for a solution that can help homeowners maintain their safety, security and comfort dur
Slide 8: Light Electric Vehicle
Light Electric Vehicle NASDAQ:XPON Light Electric Vehicle Market Golf Cart Batteries Global, USD Billions 1 Market Segment Global light electric vehicle market growing at Global, USD Millions 2 9.4% CAGR to reach $122.7 billion by 2027.1 Global golf cart battery market growing at 5.9% $216.5M CAGR t
Slide 9: 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 10: 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 protection in variety of envir
Slide 11: Vertical Heat Conduction (VHC) internal heating technology
Why Customers Choose E360 Vertical Heat Conduction (“VHC ”) internal heating technology NASDAQ:XPON • Patent-pending innovation representing a significant breakthrough in battery performance, particularly in cold climates. • Now included in the next generation Group 27 and GC2 12V series batteries.
Slide 12: 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 13: Expion360 vs. Competitors
Expion360 vs. Competitors NASDAQ:XPON Battery Features Expion360 Lithium Competitors Lead Acid Competitors Soldered Connections – high electrical Soldered Connections – high electrical Mechanical Connections: low electrical High-Current Cable Connections resistance, creating energy loss due to the h
Slide 14: 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 15: Overland Growth Drivers
Overland Growth Drivers NASDAQ:XPON • Highly competitive on quality, price, form factor and power density. • Selected as strategic supplier by multiple RV OEMs : Storage for solar power, air conditioner and induction − Chinook RV premium motorhomes Rugged power storage for new off-grid, extreme over
Slide 16: 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 17: Home Energy Storage Solutions
Future Market Expansion Home Energy Storage Solutions NASDAQ:XPON DC COUPLED EXPANDABLE SERVER RACK STYLE AC COUPLED ALL-IN-ONE Providing anywhere from 5kW to 80kW of reliable backup power in convenient 10kW battery paired with a built-in 5kW inverter. Can be expanded in 10kW 5kW increments. increme
Slide 18: Global Presence
Global Presence NASDAQ:XPON 1. Headquarters: Redmond, Oregon. Currently building out assembly capacity at our corporate headquarters. 3. 1. 2. Planned Pack Assembly and R&D Cell Plant: 2 . Redmond, Oregon. 4 . Our long-term goal is to onshore to the U.S. manufacturing of most of our components and a
Slide 19: First Quarter 2024 Financial Highlights
First Quarter 2024 Financial Highlights NASDAQ:XPON Three Months Ended March 31 $ in millions 2024 2023 Revenue $ 1.0 $ 1.5 Gross profit $ 0.2 $ 0.4 Gross margin (%) 22.9% 29.4% Selling, general & administrative expenses $ 2.2 $ 2.1 Net loss $ 2.2 $ 2.0 $ in millions March 31, 2024 December 31, 2023
Slide 20: Senior Management Team
Senior Management Team NASDAQ:XPON Brian Schaffner Paul Shoun Greg Aydelott CEO, Director Co-Founder, President & COO, Chairman CFO • 30+ years of executive experience in a variety of • 30+ years experience in project management, • 20+ years of experience in financial management capacities including
Slide 21: Key Takeaways
Key Takeaways NASDAQ:XPON • We remain confident about our growth trajectory for 2024 • 2024 RV industry shipments up 9.3%1 through the first quarter and full-year 2024 shipments are expected to increase by up to 18.8%, or to 365,500 units2. • Expanded our addressable market with launch of Home Energ
Slide 22: Contact Us
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 22 22
Slide 23: Appendix
C2360 LITHIUM POWER SOLUTIONS Appendix y
Slide 24: Expanding Reseller Network
Expanding Reseller Network Expion360 Nationwide Reseller Network NASDAQ:XPON • 300+ nationwide and growing • Dealers, wholesalers, and original equipment manufacturers • Marquee customers include: Coming Soon 24
Slide 25: Key Statistics
NASDAQ: XPON Key Statistics mrq = Most Recent Quarter Ended March 31, 2024 NASDAQ:XPON ttm = Trailing Twelve Months Ended March 31, 2024 Stock Price $1.74 Revenue, ttm $5.4M Annual Revenue Growth as of May 22, 2024 $millions Avg. Volume 649.2K Revenue, mrq $1.0M $7.2 Shares Outstanding1 7.5M Gross P
Slide 26: Capitalization Summary
Capitalization Summary NASDAQ:XPON Insiders Holdings (fully diluted)1 est. 10.0% Public Float1 est. 5.6M Total Common Shares Outstanding1 7,488,442 Options1 1,179,500 Weighted Average Strike Price: $3.74 Warrants1 795,295 Weighted Average Strike Price: $4.41 Restricted Stock Units2 40,551 Fully Dilu
Slide 27: Three Stages Toward Full Onshore Manufacturing
Future Onshore Production Three Stages Toward Full Onshore Manufacturing NASDAQ:XPON Stage 1 Stage 2 Stage 3 Design & Engineering in U.S. Onshore Assembly to U.S. Onshore All Production (Current) (Plans for the Long-term Future) (Plans for the Long-term Future) • Manufacturing partner in Asia • Desi
Slide 28: Power Collector Plates Comparison
How We Are Different Power Collector Plates Comparison NASDAQ:XPON COMPETITOR A COMPETITOR B 0.4 mm SOLID COPPER PLATES 0.1 mm NICKEL PLATED TIN 0.1 mm NICKEL PLATED TIN STRIP STRIP • Expion360 thick collector plates are made of copper, a better electrical conductor compared to tin strips. • Expion3
Slide 29: High Current Cable Connection Comparison
How We Are Different High Current Cable Connection Comparison NASDAQ:XPON COMPETITOR A COMPETITOR B MECHANICAL CONNECTIONS SOLDERED CONNECTIONS SOLDERED CONNECTIONS Expion360 cable connections are connected by a nut or stud (mechanical connections). Mechanical connections are more efficient electric
Slide 30: Our Custom Battery Pack Cases
How We Are Different Our Custom Battery Pack Cases NASDAQ:XPON • Each case is designed for cell pack contained inside. • Expion360 owns the molds used to create the battery cases making it unique to our product. • Support ribs on all sides to fully cradle the cell pack to prevent the battery from sh
Slide 31: We Provide 96% Larger Offset Terminals vs. Competitors
How We Are Different We Provide 96% Larger Offset PARALLEL BANK NASDAQ:XPON Terminals vs. Competitors SERIES BANK Large offset terminals to prevent cross polarization during installation and to make the batteries easier to connect during parallel and series banks. 31