Slide 1: Corporate Presentation Q3 2023
wallbox # Corporate Presentatio Q3 2023
Slide 2: 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 3: Make Energy Powerful
4 — Make Energy Powerful SIMPLE We innovate to mal energy simpler SMART Embedded intelligence and V2! and V2H energy management! INNOVATIVE User-focused innovation drives us DESIGN-CENTRIC Design is not a luxury COMPATIBLE Compatible with all plug- in electric and hybrids V2G: Vehicle-to-Grid, V2H:
Slide 4: Wallbox Management Team
WALLBOX MANAGEMENT TEAM Founder-led company with an experienced management team from technology, energy and industrial backgrounds Enric Asuncion Co-Founder & Chief Executive Officer Y Arplus® IDIADA Jordi Lainz Chief Financial Officer EUROFRED Grbures f-<) FUJITSU wens T1150 Employees! Until Sep 30
Slide 5: Wallbox Board
WALLBOX BOARD Management is supported by a strong board of directors with a diverse background from different industries Board of Directors Enric Asunci6n Co-Founder & Chief Executive Officer Beatriz Gonzalez Founder & Managing Partner of Seaya Ventures ) Francisco Riberas Executive Chairman of Gest
Slide 6: Wallbox at a Glance
WALLBOX AT A GLANCE We design, develop and distribute charging and energy management solutions for e-mobility needs 940*k ~=—s-:*118 UNITS. COUNTRIES WITH SOLD" COMMERCIAL ACTIVITY Imm 750*k IN-HOUSE CHARGING STATIONS PRODUCTION CAPACITY? CONNECTED? 20 OFFICES ACROSS 4 CONTINENTS 4.9bn ELECTRIC KM D
Slide 7: The EV Charging Market
THE EV CHARGING MARKET Mass EV adoption means significant charging infrastructure growth and projected $102bn TAM! in 2030 WHAT IT TAKES TO WIN IN EV CHARGING PROJECTED CUMULATIVE # OF PASSENGER PROJECTED CUMULATIVE # OF GLOBAL CHARGE POINTS Smart Charging ELECTRIC VEHICLES? INSTALLED FOR PASSENGER
Slide 8: Wallbox's Product Portfolio
WALLBOX’S PRODUCT PORTFOLIO! Solutions to empower users at home, at work and in public RESIDENTIAL CHARGING kW Pulsar Family (AC) Quasar 2 (BiDI-DC) Copper SB (AC) COMMERCIAL CHARGING em Orion Copper SB Commander 2 \C) Most compact intelli ntial & mercial SOFTWARE SOLUTIONS myWallbox Charger & energ
Slide 9: Complete Software Solutions
COMPLETE SOFTWARE SOLUTIONS Embedded and interoperable EV charging software to manage chargers and the flow of energy at home, work and in public {ETE SB MYWALLBOX - RESIDENTIAL AND BUSINESS SOFTWARE User-friendly app Cloud based platform Real-time charger management Energy management Over the air u
Slide 10: Our expertise in bidirectional charging & energy management puts Wallbox in a unique position
Our expertise in bidirectional charging & energy management, puts Wallbox in a unique position to solve the challenges of the energy transition
Slide 11: Energy Control
ENERGY CONTROL Quasar bi-directional charging and Sirius energy management provides new opportunities to integrate renewable energy, battery storage and the grid & Grid power limit Wallbox HQ A HQ building energy usage Energy supply directly fromthe grid =~ Solar power generation during the day _— »
Slide 12: Public Charging Solutions
PUBLIC CHARGING SOLUTIONS Unique DC technology can transform the public charging experience Easier to transport, install, operate and service thanks to its modular design &) RELIABLE & COMPACT BY DESIGN INHOUSE DEVELOPMENT & PRODUCTION More than 1,000 Supernova units delivered to date for destinatio
Slide 13: One Model Capable of Serving Diverse Channels
ONE MODEL CAPABLE OF SERVING DIVERSE CHANNELS We serve a variety of clients around the world AUTOMOTIVE OEMS AND DEALERSHIPS os Ve <7) »~ 0 @ @ & Nissan HYUNDAI VALUE ADDED DISTRIBUTORS & RESELLERS Mops INeRAM $satrox: Libra g SEAL Gurrenaner purreetoren FEPLONISHH Betek seis, sro = peneaen Se &ED.
Slide 14: A Global Force
A GLOBAL FORCE We are an international company, with sales, manufacturing facilities and offices worldwide s Mm a * APAC (2018) + Shanghai and Melbourne offices serve the APAC region i-l NORTH AMERICA (2020) + North America HQ and innovation lab in Mountain View, CA \ + 250,000 unit in-house manufac
Slide 15: Determining Our Future
DETERMINING OUR Wallbox is vertically integrated allowing to contro! the value chain and rapidly adapt to new market developments + Diverse supplier base centrally managed + Resilient procurement process FUTURE + Fully automated and semi- automated production lines on 3 continents + Close control of
Slide 16: Governance
Net Zero Timeline Circularity Emissions Net Zero Reductions Goals by 2030 - - - Impact Reaching Internal - Measurement mid-term goals - - - - Governance - - -
Slide 17: The Wallbox Future
THE WALLBOX FUTURE 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 costs are low
Slide 18: Earnings Q3 2023
Q3 2023 Earnings vs wallbox &
Slide 19: Financial Review
FINANCIAL REVIEW €32.5M SELL-THROUGH VOLUME INCREASED "30% YOY 1 Q3 Gross Margins of 35% Mix shifts from new products impact DC margins are now above 30% margins up from 10% last year. 2 Cash Cost Reduction of €38.8M since Q4 2022 Expect to exceed committed goal Most recent quarterly cash expenses a
Slide 20: Financial Overview
FINANCIAL OVERVIEW. Reconciliation’ Unaudited, in € O00’s Change in fair value of derivative warrant liabilities Foreign exchange gains/(losses) Amortization and depreciation Change in fair value of derivative warrant liabilities Foreign exchange gains/(losses) One off expenses Employee Stock Option
Slide 21: Appendix
Appendix
Slide 22: Financial Overview
FINANCIAL OVERVIEW. Consolidated Statement of Profit or Loss! YEAR ENDED Unaudited, in € O00’s 31 DECEMBER 2022 2021 Revenue 1441852 71,579 Change in inventories and raw materials and consumables used (85,605)2 (44,253) Employee benefits (88,814)2 (29,666) Other operating expenses (91,555) (43,405)
Slide 23: Financial Overview
FINANCIAL OVERVIEW. Cash & Cash Equivalents YEAR ENDED Unaudited, in € O00’s 31 DECEMBER 2022 2021 Cash and cash equivalents 83,308 113,865 Financial Investments! 5,3972 56,982 Cash, cash equivalents and Financial Investments at 31 December 88,705 170,847 ‘Financial Investments are included in Other
Slide 24: Financial Overview
FINANCIAL OVERVIEW. Investments and Long-term Borrowings Unaudited, in € O00’s YEAR ENDED 31 DECEMBER 2022 2021 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 36,262 20,946 Intangible assets - excluding R&D (salaries capitalized) 9,86T! 8,268 Total I
Slide 25: Definitions and Disclosures
Definitions and Disclosures 1 “EBITDA” is defined as loss for the period before income tax credit, financial income, interest expenses, amortization and depreciation. 2 “Adjusted EBITDA” is defined as loss for the period before depreciation and amortization, income tax credits, and financial income
Slide 26: wallbox _
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