Slide 1: 2024 Earnings Report
2024 EARNINGS REPORT wallbox #
Slide 2: Presenters
2024 EARNINGS REPORT Enric Asunción Luis Boada Michael Wilhelm Co-Founder & Chief Financial Officer Investor Relations Chief Executive Officer
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities
Slide 4: Highlights
2024 Highlights New Business Unit Structure EV Market Wallbox Group (in M€) Allows us to maximize and better #M of EV units sold1 Revenue Labour & OpEx Adj EBITDA2 serve each segment Evolved Product Portfolio 6% YoY With new versions of our chargers and software solutions 2023 2024 6.1 5.8 163.9 141
Slide 5: Q4 Highlights
Q4 2024 Highlights Q4 Revenue Q4 Gross Margin1 €37.4M A 14% YoY decrease for the quarter 34.6% €12.3M Adjusted EBITDA loss1 Impacted by product mix 64% YoY increase in NA +38,000 AC units sold Q4 Cash Costs2 19% Including ABL +100 DC units sold Globally Decrease YoY 1. This is a non-IFRS measure. Pl
Slide 6: Revenues by Geography
Q4 2024 Revenues by Geography YoY Q4 - Flat EV Market2 25% YoY Q4 WBX Revenue – AC sales 12% YoY Q4 EV Market2 outpacing market, DC sales down 64% YoY Q4 WBX Revenue Europe €25.7M / 69%1 North America €10.5M / 28%1 APAC €900k / 2%1 LATAM €400k / 1%1 1. As percentage of revenue Q4 2024 EARNINGS REPOR
Slide 7: Revenues by Product
Q4 2024 Revenues by Product AC Sales €26.9M / 72%1 8% DC Sales €2.9M / 8%1 72% Software, Services & Others 20% €7.7M / 20%1 Q4 2024 EARNINGS REPORT 1. As percentage of revenue 7
Slide 8: Market Overview
Q4 2024 Market Overview FY +6% YoY EVs Sold in Key Markets1 5.8M 6.1M 1.73 1.61 1.49 1.52 1.47 1.38 0.4 ROW 0.3 0.3 0.3 0.3 0.3 0.8 0.8 0.8 0.8 EU 0.7 0.7 0.4 0.4 0.5 0.5 0.5 0.5 NA Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY23 FY24 + EV market growth + Long-term prospect + US market continue
Slide 9: Financial Review
Q4 2024 Financial Review Q4 Revenue Q4 Labor Costs & OPEX Results fell short of expectations and did not meet guidance €37.4M Impacted by slower DC sales €28.8M Continuous focus to reduce labor Sustained rapid growth in NA, delivering 64% YoY Growth for Q4 as customers built up inventory costs & OPE
Slide 10: Key Financial Metrics
Q4 2024 Key Financial Metrics €46M €198M Cash And Cash Equivalent And Financial Q4 Loans and Borrowings Investments Successful extension of debt Excluding the announced $10M commitments February 2025 private placement €71.1M €3.9M Q4 Consolidated Inventory Q4 Capex 23% YoY reduction €1.5M spent on P
Slide 11: Closing Thoughts
Q4 2024 Closing Thoughts 2024 2025 Q1 2025 Expected Revenue Range Challenging year for the EV Market Industry is expecting significant EV growth €34-37M WBX strengthen itself during the past Wallbox is a leading platform and year continues to build-out its frontrunning Q1 2025 Expected Gross Margin
Slide 12: Wallbox
wallbox #
Slide 13: Consolidated Statement of Profit or Loss
Financial Overview Consolidated Statement of Profit or Loss1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 31 DECEMBER 31 DECEMBER 2024 2023 Q4 2024 Q3 2024 Q4 2023 Revenue 163,943 143,769 37,394 34,656 43,250 Change in inventories and raw materials and consumables used (106,878) (95,503) (24,458)
Slide 14: Reconciliation
Financial Overview Reconciliation1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 31 DECEMBER 31 DECEMBER 2024 2023 Q4 2024 Q3 2024 Q4 2023 Loss for the Period (131,513) (112,071) (30,605) (42,674) (10,846) Income tax credit (1,894) (703) (268) (359) 1,302 Amortization and depreciation 37,873 28,443
Slide 15: Cash & Cash Equivalents
Financial Overview Cash & Cash Equivalents Unaudited, in € 000’s YEAR ENDED 31 DECEMBER 2024 2023 Cash and cash equivalents 20,036 101,158 Financial Investments (1) 25,578 5,426 Cash, cash equivalents and Financial Investments at 31 December 45,614 106,584 Q4 2024 EARNINGS REPORT 1. Financial Invest
Slide 16: Investments and Loans & Borrowings
Financial Overview Investments and Loans & Borrowings Unaudited, in € 000’s YEAR ENDED 31 DECEMBER 2024 2023 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 3,114 9,106 Intangible assets - excluding R&D (salaries capitalized) 6,790 7,103 Total Investm
Slide 17: Reconciliation Cash Cost
Financial Overview Reconciliation Cash Cost1 Unaudited, in € 000’s YEAR 2024 YEAR 2023 Q4 Q3 Q4 Labor Costs & OPEX (28,764) (31,860) (28,897) R&D activation (3,091) (3,928) (6,146) Share based payment expenses 586 872 (780) One-time expenses 2,761 1,035 558 Other non-cash expenses 138 159 246 Cash C
Slide 18: Definitions and Disclosures
Definitions and Disclosures 1 “EBITDA” is defined as loss for the period before income tax credit, financial income, financial expenses, amortization and depreciation, change in fair value of derivative warrants, and foreign exchange gains/(losses). 2 “Adjusted EBITDA” is defined as EBITDA for the p
Slide 19: Thank you
Thank you Gracias Danke 谢谢 Web Contact Twitter @wallboxchargers www.investors.wallbox.com investors@wallbox.com Facebook Wallbox LinkedIn Wallbox Instagram @wallboxcharger