iPower IPO Presentation Deck

HYDROPONICS MARKET As a preferred growing method for cannabis, the hydroponics market was encouraged by cannabis cultivation largely being deemed essential during COVID-19 Hydroponics systems benefit from consumers' increasing concern with food sustainability, as 83% of consumers take the environment into consideration when making purchases¹ The surge in global population is placing growing pressure on the agriculture industry to adopt high-yielding farming techniques such as hydroponics Global Hydroponics Market² $25.2B 2020 IPOWER 5.4% CAGR $36.3B 2027 1. Source: Consumers Still Care About Sustainability Amid Pandemic, Report Finds by Fooddive (April 2020) 2. Source: Hydroponics - Global Market Trajectory & Analytics by Global Industry Analysts, Inc. (July 2020) Hydroponics Demand Drivers Environmental Concerns Used in response to drought, other severe weather conditions and insect/ pest infestations Yield Up to 10x greater yield than traditional farming methods Exercising Reading Accelerated Growth WEEREE 01 Control Better regulation and control of nutrient delivery, light, air, humidity, and temperature Cooking Cannabis Growth Employed in new and emerging industries such as cannabis and hemp cultivation Gardening Popular Lockdown Activity Ranking by Global Data (May 2020) TV Residential hydroponics saw rapid adoption during the COVID-19 pandemic 10 Private and Confidential NASDAQ: IPW

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