Flux Power : Profile

Flux Power Holdings, Inc.

2685 South Melrose Drive Vista, CA 92081

[phone]

fluxpower.com

Investor Relations

Chris Tyson

Executive Vice President MZ North America [phone]

Nasdaq: FLUX

Closing Price	$5.60
(2/20/24)
52 Week Range	$2.97 - $7.40
Market Cap	$91.9M
Shares	16.5M

POWERING YOUR TRANSITION TO SUSTAINABLE

LITHIUM-ION BATTERY TECHNOLOGY

Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power's lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets.

A Premier Partner	Design & Manufacturing Expertise
• LT supplier to marquee names	•	UL Listed products
• Strong OEM relationships and	•	ISO 9001
	approvals	•	Patent protected IP
Delivering Sustainability	•	Lean Manufacturing
•	Lowers carbon footprint	Comprehensive Support
•	Maintenance free	•	Industry knowledge
•	High energy efficiency	•	Application expertise
		•	Responsive product support

Market Opportunities

Outstanding
Float	12.0M
Revenue FY'23	$66.3M
Order Backlog	29.7M
(2/1/24)
Patent Portfolio1	5
Headquarters	Vista, CA
Employees	131

1. Patent portfolio includes filed and or granted patents as of Company's most recent 10-K filing.

Go Behind the Scenes for a Tour of

the Flux Power Facility

Material Handling

• The industry is a billion-dollar addressable market with double digit adoption rate of lithium-ion solutions2
• Major global beverage distributor, with 34,000 forklifts in the USA selected Flux Power to transition their fleet to lithium-ion technology
• Flux Power is focused on supplying lithium-ion battery packs to large Fortune 500 fleets

Ground Support Equipment (GSE)

• "Green initiatives" to reduce emissions at airports favor a lithium-ion solution
• Only 15-25% of airline GSE fleets are electric -75-85% are internal combustion which could be replaced by electric
• Three major airlines are now migrating to Flux Power

Market Size

~ 10%	Estimated lithium-ion
	market share of

	electric forklifts1
$2.5B	Addressable annual
market for
	electric forklifts2

$400M+

Est. market size3 of internal combustion GSE which can be replaced by electric GSE

Video link will open in web browser

Stationary Energy Storage

• Electrification has allowed many new emerging applications that require non-mobile power or backup power solutions to emerge

1. Lithium-ioncompetitor estimated sales 2) Forklift market growth 2% annually; lithium penetration grows 40% per year; Flux Power market share increases 2% a year.

1. Information based on public data on airline fleet sizes; Averest estimate on electric / internal combustion mix

Product Line for Large Fleets

Class 3	Class 3	Class 2	Class 1 and 2	Class 1	Class 1	Airport GSE	ESS, AGVs / AMRs,
Walkie Pallet	End Rider /	Narrow Aisle	3-Wheel	3-Wheel	Counterbalanced		Industrial Equipment
Jack	Center Rider

S8	S24	M24	M36	L36	L48	X36/X48/X80	GSE	C48

SkyBMSTM Telematics

Access to Fleet Management Anywhere & Anytime

Strong Revenue Growth

$ Millions

$70

Data is transmitted via cellular / Wi-Fi connection & stored in cloud base

Data is collected by the telematics unit

Data is translated and a portfolio of real time reports made available to:

• Customer
• Dealer
• Flux Power

Text & email
notifications /
alerts	Remote Diagnosis

$60		Q1 + Q2		Q3+Q4
$50
$40
$30
$20
$10

$0
FY'17	FY'18	FY'19	FY'20	FY'21	FY'22	FY'23	FY'24

Diverse Customer Base in

Multiple Segments

Food & Beverage

Retail & Grocery

Manufacturing

Distribution

Other Energy Storage

Airport GSE

Lean Manufacturing

StrategyFacility

			Margin %
40%		Margin	Prior Margin Trajectory
35%	*Gross Margins were negative in
	FY'17 & FY'18
30%
25%
20%
15%
10%

5%	FY	Quarter
0%	FY'17* FY'18* FY'19 FY'20 FY'21 FY'22 FY'23	Q1'24 Q2'24

Quarterly Adjusted EBITDA Trajectory

$ Thousands

$500	$291
($500)	($597)
	($888) ($676)
$(1,500)	($1,172)
	($1,544)

• Deploying lean manufacturing concepts to focus on performance

Quality

• ISO9001 certified to ensure consistent quality products

• 64,000 sq ft facility can support production for +$150M annual sales

Flexibility

• Modular product design enables adaptability in assembly and service based on customer demand

$(2,500)		($2,214)	Positive Adjusted EBITDA
		driven by improved gross
			margins (Earnings before
$(3,500)	($3,804)	($3,393)	Interest, taxes, depreciation,
and amortization)

$(4,500)

($4,660)

$(5,500)

Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24

Management Team

Ron Dutt	Kevin Royal	Paulus Geantil
Chief Executive Officer	Chief Financial Officer	Chief Technology Officer

Jeff Mason	Tod Kilgore	Jim Rooney
VP of Operations	VP of Sales	VP of Engineering

DISCLAIMER: This information is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy any security or related financial instrument or to participate in any trading strategy. The summary may include "forward-looking statements" with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. This document has been furnished to you solely for your information.