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Investor Presentaiton

3Q23 Headlines $172.2M Revenue Record quarterly revenue Up more than 3x sequentially for the second straight quarter Reaffirm CY23 Guidance Revenue: $325-$425 million Gross margin: 10% - 15% Adjusted EBITDA: (-$50MM) to (-$70MM) $132M of Total Cash $132M of total cash No debt Restricted cash reducing significantly Gravity Momentum China construction complete Testing and commissioning ongoing 3.3 GWh of total projects Battery & Hydrogen Projects On-Track First battery project in full service All other projects proceeding as planned Pipeline Growth Awards increased 153% YTD to 9.1 GWh Bookings increased 49% YTD to 2.4 GWh ENERGY VAULTⓇ © 2023 ENERGY VAULT HOLDINGS INC. ALL RIGHTS RESERVED Enabling a Renewable World 3
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