Shoals Results Presentation Deck

EV BUSINESS MARKET ENTRY TIMELINE Complete Market Entry Plan Phase I Products: Prototypes Complete and Testing in Factory Phase I Products: Field Deployed Prototypes Phase II Products: Products Designed and Prototyped Phase II Products: Field Deployed Prototypes First Sales Phase I Products: Production Ramp Up Phase II Products: Production Ramp Up Full Market Launch shoals Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Orders Received for Full System Solution and Production Underway © 2022 Shoals Technologies Group Q2 2022 31

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