Slide 1: Q3 2024 Earnings Report
2024 EARNINGS REPORT 1 @ Q3 wallbox #
Slide 2: Earnings Report 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: Wallbox Today Global Leaders
Q3 2024 WALLBOX AS Wallbox Today Global Leaders Wallbox continues to We are a global leader in electric vehicle (EV) outperform the market charging and energy management solutions Over 1M Chargers in over 100 Countries Wallbox Revenue EV Market +26% +3% 126.6 2 2 Key Initiatives: 4.2 4.3 - Adjust or
Slide 5: Highlights
Q3 2024 Highlights Q3 Revenue Q3 Gross Margin €34.7M A 7% YoY increase 23% €21.8M Adjusted EBITDA loss1 Driven by NA with 45% Excluding one-off impact the gross YoY increase margin was higher and closer to Impacted by €1.6M revenue charge historical results 169 DC units sold Q3 Labor costs and OPEX
Slide 6: Revenues by Geography
Q3 2024 Revenues by Geography 13% YOY EV Market 1% YOY WBX Revenue 4% YOY EV Market 45% YOY WBX Revenue Europe €22.9M / 66%1 North America €9.7M / 28%1 APAC €1.2M / 4%1 LATAM €800k / 2%1 Q3 2024 EARNINGS REPORT 1. As percentage of revenue 6
Slide 7: Revenues by Product
Q3 2024 Revenues by Product AC Sales €23.7M / 68%1 68% 13% DC Sales €4.4M / 13%1 Software, Services & Others 19% €6.6M / 19%1 Q3 2024 EARNINGS REPORT 1. As percentage of revenue 7
Slide 8: Market Overview
Q3 2024 Market Overview EVs Sold in Key Markets1 1.61 1.51 1.49 1.52 1.47 1.38 ROW 0.2 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 0.4 0.5 0.5 NA Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 + Positive about + Transition will take longer + Requires political + Opportunity remains +
Slide 9: Financial Review
Q3 2024 Financial Review Q3 Revenue Q3 Labor Costs & OPEX RESULTS €34.7M €31.9M IMPACTED BY UNIQUE FACTORS CONTINUED 7% YoY improvement Continuous reduction of labor costs & OPEX GROWTH IN NORTH AMERICA Q3 Gross Margin Q3 Adjusted EBITDA Loss1 23.0% €21.8M SOFTER MARKET IN EUROPE FOR BOTH AC AND DC
Slide 10: Key Financial Metrics
Q3 2024 Key Financial Metrics €70.5M €84M Cash And Cash Equivalent And Financial Q3 Long-Term Debt Investments Decrease compared to last Focus on cash conservation quarter €76.5M €1.7M Q3 Consolidated Inventory Q3 Capex 10% reduction sequentially Circa €340k on Property Plant & Equipment Q3 2024 EAR
Slide 11: Closing Thoughts
Q3 2024 Closing Thoughts Volatility In the EV Market Key + + + + Initiatives Adjusting Visibility on Improve Continue to organizational topline gross expand WBX Executing Well Reprise structure margins sales Q4 Expected Revenue Range Q4 Expected Gross Margin Q4 Expected EBITDA €40M-45M 38%-40% €(7)-
Slide 12: Wallbox
wallbox #
Slide 13: Reconciliation
Financial Overview Reconciliation1 Unaudited, in € 000’s YEAR 2024 YEAR 2023 Q3 Q2 Q3 Operating Loss (33,698) (25,268) (28,283) Amortization and depreciation 9,264 9,668 7,430 EBITDA (24,434) (15,600) (20,853) One off expenses 1,035 1,133 265 Employee Stock Options Plan 872 726 3,914 ESPP (non-cash)
Slide 14: 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 15: 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