Vivopower Plc · NASDAQ:VIVO
Vivopower — VivoPower International — H1 FY2023 Earnings Presentation
17 slides from Vivopower's earnings presentation, Feb 24, 2023
Slide 1: Half Year Results Presentation
: » ‘HALF YEAR RESULTS ——) PRESENTATION a j ei 2 FOR THE SIX MONTHS ENDED DECEMBER 31, 2022 = February 24, 2023 5 1@;
Slide 2: Disclaimer
Disclaimer This presentation contains "forward-looking statements" relating to VivoPower International PLC ("VivoPower") within the meaning of the Private Securities Litigation Reform Act of 1095, including, but not limited to, estimates relating to our future energy development and investment activ
Slide 3: H1 FY2023 Strategic & Operational Review
H1 FY2023 STRATEGIC & OPERATIONAL REVIEW
Slide 4: Executive Summary | Strategic progress despite results affected by unseasonal weather & FX
Executive Summary | Strategic progress despite results affected by unseasonal weather & FX Revenue declined due to project timing and AUD/USD FX rate ‘Gross profit and GP margin declined dueto decreasein revenue and one-off Edenvale projectloss EBITDAand operating tosses due to one-off Edenvale proj
Slide 5: Events Post Half Year-End | Positive Momentum into CY2023
Events Post Half Year-End | Positive Momentum into CY2023 Delivered vehicles to partners and customers, whilst receiving orders for next generation EUV23 Following first version of EUV23, preparing forinitial production ‘and delivery ramp-up Executed on financing and strategictransactions Capitalisi
Slide 6: FY2023 Key Objectives | Execute on Scale-Up
FY2023 Key Objectives | Execute on Scale-Up ee > Delivertembo Expand Tembo Grow SES business with e-LV commitments microfactory and addressable market new capabilities and onschedule + budget continue R&D ‘& partnership base partnerships sustainable growth Complete 72kWhkitsfor Complete microfactory
Slide 7: VivoPower's Impact | Among best B Corps & global impact leadership recognised again
VivoPower’s Impact | Among best B Corps & global impact leadership recognised again VivoPower has retained its B Corp Certification and ranked among the top impact companies globally for the 3" year ina row Certified Corporation ‘BCorporationaccreditation achieved and maintained since 2038 Partofa g
Slide 8: Tembo | Momentum in commercial & operational progress and staging for production growth
Tembo | Momentum in commercial & operational progress and staging for production growth Tembo is VivoPower’s electric vehicle unit focused on ruggedised and customised utility vehicle applications OVERVIEW OF TEMBO MAJOR MILESTONES SUPPORT SALES, R&D AND PRODUCTION GROWTH + Netherlands-besed EV spec
Slide 9: Aevitas | Australian weather and skills shortages impacted results, but outlook positive
Aevitas | Australian weather and skills shortages impacted results, but outlook positive ‘OVERVIEW OF AEVITAS | KENSHAW AND AEVITAS SOLAR n solutions to optimise energy usage H1 FY2023 REVENUE BREAKDOWN FOR AEVITAS * ‘Based in Newcastle in the Hunter Valley region, Australla’s most densely populated
Slide 10: SES | Focus pivot to mining (augmenting Tembo EV) and other industries
SES | Focus pivot to mining (augmenting Tembo EV) and other industries Vivo SES delivers sustainable energy solutions encompassing battery storage, microgrids, EV charging and battery recycling OVERVIEW OF SES ‘SES VALUE PROPOSITION + Focused on delivering full-2uite holistic SES to induetrial custo
Slide 11: Caret | Incremental value capture, with more to come from Inflation Reduction Act (USA)
Caret | Incremental value capture, with more to come from Inflation Reduction Act (USA) Caret Solar comprises strategic solar development sites across the US suitable for Power-to-X applications with partners OVERVIEW OF cARET SOLAR USSOLAR PORTFOLIO SUMMARY 5 iA pte sala lu vem Naa Seo poontelderea
Slide 12: H1 FY2023 Financial Review
H1 FY2023 FINANCIAL REVIEW
Slide 13: Profit and Loss Summary for the Half Year Ended December 31, 2022
Profit and Loss Summary for the Half Year Ended December 31, 2022 Profit Loss mom (USSm- except whereindicated otherwise) 712023, F¥2022 Comments Revenue aia be sich oimy® Decrease due primarily to ene actvesolar project undertaken, versus two in the prior period. 95 growth in Kershaw inves itieal P
Slide 14: Reconciliation of Adjusted (Underlying) EBITDA to IFRS Financial Measures
Reconciliation of Adjusted (Underlying) EBITDA to IFRS Financial Measures For Half Year Ended 1Non-1FRS Financial Measures (USSm) December 31,2022 December31, 2021 et loss from continuing operations (10.4) (10.2) Income taxexpense /(ereit) oo) (03) Foreign exchange gaine and lozeee (04) 1s Netfinanc
Slide 15: Reconciliation of Adjusted (Underlying) Earnings per Share to IFRS Financial Measures
Reconciliation of Adjusted (Underlying) Earnings per Share to IFRS Financial Measures For Half Year Ended Mon-1FRS Financi (Ussm- except where’ December31, 2022 December 31,2021 ‘Net toss from continuing operations forthe period (10.4) (10.3) Restructuring other non-recurring costs 01 os Ccostofeles
Slide 16: Balance Sheet Summary as at December 31, 2022
Balance Sheet Summary as at December 31, 2022 Proforma* Balance sheet (Ussm) December31,2022 __June30,2022 Comments Intangible investments ni 21.8 Increase arising from Si Im capitalised intangible cevelopment costs in Ternbo, less amortisation and foreign exchangemorements Other non-curent assets 2
Slide 17: 1;
1;
VivoPower International — H1 FY2023 Earnings Presentation on 6ix