European Sustainable Growth Acquisition : Earnings Deck FY2021

ADS-TEC Energy

Power … Everywhere

Our mission is to deliver distributed and intelligent high-capacity power for the all-electric world

Disclaimer

Cautionary Language Regarding Forward-Looking Statements

This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "may," "might," "will," "would," "could," "should," "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook" and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are based on our current expectations, estimates, projections, targets, opinions and/or beliefs or, when applicable, of one or more third-party sources. No representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only. Such forward-looking statements, which include estimated financial information, involve known and unknown risks, uncertainties and other factors. These forward looking statements include, but are not limited to, express or implied statements regarding our future financial performance, revenues and capital expenditures, our expectation of acceleration in our business due to factors including a re-opening economy and increased EV adoption and expectations related to the effective deployment of chargers. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, without limitation: changes or developments in the broader general market; ongoing impact from COVID-19 on our business, customers, and suppliers; macro political, economic, and business conditions; our limited operating history as a public company; our dependence on widespread adoption of EVs and increased installation of charging stations; mechanisms surrounding energy and non-energy costs for our charging products; the impact of governmental support and mandates that could reduce, modify, or eliminate financial incentives, rebates, and tax credits; our current dependence on sales to a limited number of customers; supply chain interruptions; impediments to our expansion plans; the need to attract additional customers; the effects of competition; and risks that our technology could have undetected defects or errors.

Further information on these and other factors that could affect the forward-looking statements we make in this presentation can be found in the documents that we file with or furnish to the U.S. Securities and Exchange Commission, including our 20-F filed with the SEC on April 28, 2022 and proxy statement/prospectus filed with the SEC on December 7, 2021, which are available on our website at https://adstec-energy.com/investor-relations-corporate-governance/ and on the SEC's website atwww.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this presentation are based on our current beliefs and on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made or to update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.

Industry and Market Data

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Non-GAAP Financial Measures

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Use of Trademarks and Other Intellectual Property

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We provide intelligent and decentralized Energy Storage Systems to Municipalities, Automotive OEMs, Charging Operators, Dealerships, Fleets, Residential Areas, Offices, Industrial Sites etc. in North America and Europe

Where there is limited power,

We deliver intelligent battery-based eco-systems and longtime services

Ultra-fast, battery-buffered charging up to 320 kW even on power limited grids

Microgrid; mixed input feed where we provide battery-buffered managed power.

Stable, reliable and decentralized Energy eco-systems

Battery Systems providing flexibility for an optimized sector coupling in a more or less all-electric future world.

Hybrid Power Plant Energy Systems

Strong Market Tailwinds

Rapid Growth, Government Support

• • "$5 Billion National Electric Vehicle Infrastructure (NEVI) Program … to strategically deploy charging stations and establish a nationwide interconnected network"

• • NEVI funds are restricted to projects that are directly related to EV charging infrastructure that are open to the public or to commercial fleet operators from more than one company

1 EV-Volumes.Com, Trollhättan, Sweden