Janus Electric Holdings Limited · ASX:JNS

Janus Electric — Investor Presentation (April 2026)

42 slides from Janus Electric's investor presentation, Apr 20, 2026

  1. Slide 1: Janus Electric - Strategy Presentation

    1300 552 687 info@januselectric.com.au www.januselectric.com.au Janus Electric Holdings Limited 5 Catamaran Road Fountaindale, NSW 2258 ASX ANNOUNCEMENT Janus Electric - Strategy Presentation 20 April 2026 Janus Electric Holdings Limited (ASX: JNS) (Janus Electric or the Company) attaches a presenta

  2. Slide 2: Three-Horizon Growth Strategy

    THREE-HORIZON GROWTH STRATEGY.

  3. Slide 3: Disclaimer

    DISCLAIMER This presentation is intended to provide a general outline only and is not intended to be a definitive statement on the subject matter covered in it. The information in this presentation, whether written or verbal, has been prepared without taking into account the commercial, financial or o

  4. Slide 4: The Thesis

    THE THESIS Every truck is a battery. CONVERT. SWAP. GO. BATTERY INFRASTRUCTURE Every station Diesel-to-electric retrofits AS-A-SERVICE Each vehicle, Charge & is a power + swappable batteries mean zero downtime. Operators don’t need to Change station is a 20 year energy, data, and plant. 30%+ lower to

  5. Slide 5: Janus Electric

    JANUS ELECTRIC Delivering An Mission Electrified Future Today Scale electric Deliver 99% uptime, 80+ NPS, and 30% lower cost per km. heavy transport We exist to make electric heavy transport the default globally. Through conversion, not replacement. Through infrastructure, not just vehicles. choice —

  6. Slide 6: The Opportunity

    THE OPPORTUNITY Heavy transport is the hardest sector to decarbonise — and the most valuable to crack. CAPITAL BARRIER REGULATION ECONOMICS ● A new Class 8 electric truck costs ● California ZEV mandate: 40% ● Electric: 30%+ lower fuel cost per A$500K–900K zero-emission Class 7-8 by 2030 km vs diesel

  7. Slide 7: The Janus Solution

    THE JANUS SOLUTION Convert. Swap. Go. — A complete ecosystem for electric heavy transport. 01 02 03 BATTERY SWAP TIME CONVERSION BATTERY SWAP SOFTWARE Diesel → Electric. Zero Downtime Charging. Fleet Intelligence. Janus Conversion Module. Charge & Change Station. Janus SaaS Platform. 4 mins 〉 Retrofi

  8. Slide 8: Commercial Traction

    COMMERCIAL TRACTION Technology proven. Ecosystem operating. Scaling now. AUSTRALIA USA CANADA AFRICA 28 Trucks converted (AU + USA) Active Strong pipeline with Active EVC dealer In Progress Signed consortium In Progress Consortium in more than $1Bn of activated. deal CY2026–2027. progress leveraging

  9. Slide 9: Why Now

    WHY NOW Four forces converging to create the largest commercial opportunity in transport history. 01 REGULATION 02 TECHNOLOGY ● CA ZEV mandate: 40% zero-emission by 2030. California ● Gen 2 battery systems deployment-ready (expected June) JCM540 incentive: US$90-120K/truck ● Electrovaya (NASDAQ:ELVA

  10. Slide 10: Global Market Opportunity

    GLOBAL MARKET OPPORTUNITY ~8 million heavy diesel trucks across Janus target markets — almost none yet electrified. MARKET HEAVY FLEET % ELECTRIC JNS STATUS KEY CATALYST INCENTIVE Australia ~128K heavy <1% Live — 25 trucks Road user charges +6%/yr NHVR incentives USA ~4M Class 8 <1% Active ZEV mandat

  11. Slide 11: Competitive Landscape

    COMPETITIVE LANDSCAPE Janus is one of the world's only diesel-to-electric retrofit + battery swap + charging + SaaS platform for Class 6–8 trucks. CATL / AULTON AMPLE REVOY China · Battery Swap (New Trucks) USA · Light Commercial Swap USA · Trailer Range Extender World's largest battery swap Battery

  12. Slide 12: Three-Horizon Strategy

    THREE-HORIZON STRATEGY Systematic execution from proof-of-concept to global platform. H3 FY29+ H2 FY27-8 SCALE & OWN GLOBAL FLEET 〉 One of the largest e-truck fleets H1 FY26-7 PLANT THE FLAG globally 〉 Physical ops in 3+ countries BUILD DEMAND & DEPLOY 〉 1,600+ trucks on the road 〉 Bus conversions in

  13. Slide 13: Janus Electric Moves Every Stakeholder Forward

    JANUS ELECTRIC MOVES EVERY STAKEHOLDER FORWARD INVESTOR DEALER FLEET OPERATOR DRIVER ENERGY / Capital-light exposure to A scalable, high-margin Diesel-equivalent total Quieter, smoother trucks INFRASTRUCTURE transport electrification electrification offering cost of ownership with with instant torque,

  14. Slide 14: Horizon 1: Build Demand, Convert Trucks, Deploy Infrastructure

    HORIZON 1 BUILD DEMAND. CONVERT TRUCKS. DEPLOY INFRASTRUCTURE. FY26-7 Annual Objective: 200+ trucks on road across 3+ countries JANUS ELECTRIC HOLDINGS LIMITED (ASX: JNS) — CONFIDENTIAL | Page 13

  15. Slide 15: Horizon 1: Core Priorities

    HORIZON 1: CORE PRIORITIES FY26-7 PRODUCTION SCALE MARKET ACTIVATION ENGINEERING FINANCE & CAPITAL DELIVERY ● Ability to produce 50 ● AU/NZ/US sales managers ● Funding secured for kits/month by 31 on-ground by 30 June ● 25 Gen 1 trucks upgraded production scale December and supported at 99% ● 500+ t

  16. Slide 16: Horizon 1: Commercial Pipeline

    HORIZON 1: COMMERCIAL PIPELINE - more than $1Bn & growing daily FY26-7 CUSTOMER / REGION PRODUCT UNITS STATUS NOTES Australia — Existing Fleet Conversion / Kit 50+ Confirmed Orders Booking build slots USA — Ability Tri-modal (CA) Conversion / Kit 8+ Trial in Progress CA incentive US$90-120K/truck US

  17. Slide 17: Horizon 1: FY27 Objectives & Delivery Milestones

    HORIZON 1: FY27 OBJECTIVES & DELIVERY MILESTONES ANNUAL OBJECTIVE: Transform Janus into a heavy vehicle electrification juggernaut — 200+ trucks on road across 3+ countries, with a strong order pipeline, seamless ecosystem of software, dealers and charging infrastructure. 1H27 OBJECTIVE (Jul-Dec 2026

  18. Slide 18: Horizon 1: Revenue Model

    HORIZON 1: REVENUE MODEL FY26-7 UPFRONT HARDWARE RECURRING — RECURRING — SOFTWARE INFRASTRUCTURE Truck Conversion (JCM) Battery-as-a-Service SaaS fleet management A$175,000 ~A$ commercially sensitive ~A$/asset/month Conversion Kit Energy pass-through Energy optimisation A$150,000 Included Charge & Ch

  19. Slide 19: Horizon 1: Target Key Metrics & Horizon Exit Conditions

    HORIZON 1: TARGET KEY METRICS & HORIZON EXIT CONDITIONS FY26-7 EXIT CONDITIONS FOR HORIZON 2 ENTRY 50-75 Trucks on Road by 31 Dec-26 ✓ Production at 50 kits/month sustained 500+ Kit Pipeline Secured ✓ Physical team operating in minimum 2 international markets 3+ Markets Operating ✓ Positive gross ma

  20. Slide 20: Horizon 2: Plant the Flag

    HORIZON 2 PLANT THE FLAG. INFRASTRUCTURE + MULTI-MARKET OPERATIONS. FY27-8 Accelerate growth leveraging the infrastructure and international presence - +650 trucks on the road JANUS ELECTRIC HOLDINGS LIMITED (ASX: JNS) — CONFIDENTIAL | Page 19

  21. Slide 21: Horizon 2: Physical Market Presence

    HORIZON 2: PHYSICAL MARKET PRESENCE FY27-8 AUSTRALIA CANADA USA NEW ZEALAND AFRICA / GLOBAL HQ & Production New Entry FY27 Scaling FY27 Entry FY27 Consortiums Executed Central Coast Consortium deal EVC dealer scaling. Dealer partnership Distribution activating. manufacturing. executing. Local Janus

  22. Slide 22: Horizon 2: Capital-Light AssetCo / OpCo Structure

    HORIZON 2: CAPITAL-LIGHT ASSETCO / OPCO STRUCTURE FY27-8 ASSETCO — INFRA PARTNERS OPCO — JANUS ELECTRIC HOLDINGS ● Owns: trucks, battery packs, C&C hardware ● Earns: management fee + energy margin + SaaS ● Funded by: infrastructure capital partners ● Deploys: kits, software, support teams (discussio

  23. Slide 23: Horizon 2: FleetCo / LeaseCo - Zero-Capex Electrification

    HORIZON 2: FLEETCO / LEASECO — ZERO-CAPEX ELECTRIFICATION FY27-8 A dedicated Janus entity acquires diesel 01 ACQUIRE 02 CONVERT LEASE BACK trucks, converts them to Janus Electric, and FleetCo purchases existing diesel Janus Electric converts each FleetCo leases the electrified Class 6–8 trucks from fl

  24. Slide 24: Horizon 3: Scale & Own the Global Fleet

    HORIZON 3 SCALE & OWN THE GLOBAL FLEET. FY28-9+ +1,600 trucks on the road - tap into adjacent offerings JANUS ELECTRIC HOLDINGS LIMITED (ASX: JNS) — CONFIDENTIAL | Page 23

  25. Slide 25: Horizon 3: Fleet as Global Infrastructure

    HORIZON 3: FLEET AS GLOBAL INFRASTRUCTURE FY28-9+ Own, operate, rent, lease trucks and charging infrastructure to trucking companies of all sizes — globally. LARGE FLEET MID-SIZE & OWNER-DRIVERS & LOGISTICS & OPERATORS INDEPENDENT SMALL FLEETS INFRA HUBS ● Full fleet electrification ● Pay-per-use batt

  26. Slide 26: Horizon 3: Platform Economics at Scale

    HORIZON 3: PLATFORM ECONOMICS AT SCALE FY28-9+ At 1,600+ trucks and +1,900 batteries, two core revenue streams converge into a self-reinforcing platform. TRANSPORT ENERGY INFRASTRUCTURE ~86% of FY29 revenue ~14% of FY29 revenue ~A$660M ~A$100M Conversion & kit revenue Battery-as-a-Service (1,200 uni

  27. Slide 27: Potential Capital Requirements by Horizon

    POTENTIAL CAPITAL REQUIREMENTS BY HORIZON HORIZON PERIOD A$M USE OF FUNDS STRUCTURE Production scale, AU/US/CDN market entry, Gen 2 deployment, H1 FY26-27 A$8–12M working capital Equity raise (~$3-5M) + debt Physical ops in 3+ markets, AssetCo infrastructure partner, H2 FY27-28 A$30–50M C&C rollout,

  28. Slide 28: Why Janus Wins

    WHY JANUS WINS Four structural moats that compound over time. ECOSYSTEM TECHNOLOGY PATENTS Operators who swap batteries become tightly integrated Patented conversion system and battery swap platform. with Janus infrastructure. The more trucks, the denser Works on any OEM truck. No OEM can replicate

  29. Slide 29: Capital Structure & Shareholders

    CAPITAL STRUCTURE & SHAREHOLDERS 118M $0.15 $17.7M Shares on Issue (Basic) Current Share Price Market Capitalisation KEY SHAREHOLDERS Founders & Management ~13% Lex Forsyth (Founder), Executive Leadership team incentive plan pending shareholder approval (EGM) Significant shareholders ~25% Board and h

  30. Slide 30: Corporate Entity Structure

    CORPORATE ENTITY STRUCTURE Janus Electric Holdings Limited (ASX: JNS) is the listed parent. Operating subsidiaries are established in each key market. JANUS ELECTRIC HOLDINGS LTD ASX: JNS · Listed Parent · Australia Janus Electric Pty Ltd Janus Electric USA Pty Ltd Janus Electric Canada Inc Other En

  31. Slide 31: Board & Management Team

    BOARD & MANAGEMENT TEAM LEADERSHIP TEAM Lex Forsyth Founder Founder of Janus Electric. 50+ years of family heritage in heavy trucking. Led deployment of Australia's first Tony Fay Peter Koller Ben Hutt solar-powered Charge & Change Non-Executive Chair Non-Executive Director CEO, MD & Executive Statio

  32. Slide 32: Delivering an Electrified Future Today

    DELIVERING AN ELECTRIFIED FUTURE TODAY CEO & MD INVESTOR RELATIONS Ben Hutt Joe Durak +61 421 166 114 +61 414 465 582 ben@januselectric.com.au joe@lynxadvisors.com.au Page 31

  33. Slide 33: Appendices

    APPENDICES. JANUS ELECTRIC HOLDINGS LIMITED (ASX: JNS) — CONFIDENTIAL | Page 32

  34. Slide 34: Page 33

    Page 33

  35. Slide 35: The Janus Solution: Truck Conversion

    THE JANUS SOLUTION: TRUCK CONVERSION Electric “transplant” at diesel engine rebuild. BATTERY SWAP TIME WE REPLACE WITH 〉 Engine + Modular electric powertrain 〉 Transmission + Forklift-swappable battery packs 4 mins 〉 Radiator package + Software + energy platform 〉 Drivetrain systems 〉 Diesel fuel sy

  36. Slide 36: Highlights: Positioned for Significant Expansion

    HIGHLIGHTS: POSITIONED FOR SIGNIFICANT EXPANSION Australian invented and manufactured technology electrifying heavy transport, with swappable battery technology LEADERSHIP AUSTRALIAN SUBSTANTIAL DIVERSIFIED COMPELLING RESET WITH PROVEN. NORTH AMERICAN EQUIPMENT & FLEET STRONG DEALER-LED OPPORTUNITY

  37. Slide 37: Canadian Market Entry Secured (Pending Asset Finance)

    CANADIAN MARKET ENTRY SECURED (PENDING ASSET FINANCE) Significant initial order value FIXED HARDWARE REVENUE RECURRING REVENUE AT 25 ✓ First commercial program signed with for 25 truck deployment Initial Batch (Batch 1) TRUCK SCALE ● Truck subscription ● 3 conversion kits ✓ Established footprint Cana

  38. Slide 38: Canadian Opportunity: Significant Class 8 Conversion Market

    CANADIAN OPPORTUNITY: SIGIFICANT CLASS 8 CONVERSION MARKET (500k trucks) High density. Repeatable tasks. Ideal for swap-based electrification. ADDRESSABLE BASE HIGH DENSITY CORRIDOR FREIGHT - ONTARIO ● Ontario, Québec, British Columbia and Corridor One-Way Distance Indicative Daily Volume Node Role A

  39. Slide 39: California - The Infrastructure Problem at Ports

    CALIFORNIA - THE INFRASTRUCTURE PROBLEM AT PORTS PLUG-IN ELECTRIC TRUCKS CREATE A NEW CONSTRAINT: • 3–4 hour charging downtime • High demand charges • Expensive port-adjacent real estate • 80%+ utilization required for charging ROI Port charging infrastructure is capital-intensive and land-constrain

  40. Slide 40: Illustrative Incentive Stack - Class 8 Drayage Conversion

    ILLUSTRATIVE INCENTIVE STACK – CLASS 8 DRAYAGE CONVERSION To unlock California drayage scale: EXAMPLE FRAMEWORK (USD) (ILLUSTRATIVE ONLY; SUBJECT TO ELIGIBILITY AND CAPS) RESULT ● Base electrification cost (conversion equivalent): ~$120,000 ● Effective net capital outlay can be materially reduced in

  41. Slide 41: Illustrative Revenue Projections

    ILLUSTRATIVE REVENUE PROJECTIONS FY27 REVENUE TARGET 1H27 2H27 FY27 - BUILDING BLOCKS ($k) (#) ($m) ($k) (#) ($m) ($k) (#) ($m) Truck Conversion 175 40 7 175 55 10 350 95 17 Conversion Kit 150 10 2 150 67 10 300 77 12 Side Batteries 330 60 20 330 145 48 660 205 68 Charge Station 225 25 6 225 61 14 4

  42. Slide 42: Delivering an Electrified Future Today

    DELIVERING AN ELECTRIFIED FUTURE TODAY CEO & MD INVESTOR RELATIONS Ben Hutt Joe Durak +61 421 166 114 +61 414 465 582 ben@januselectric.com.au joe@lynxadvisors.com.au Page 41

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