Shoals Results Presentation Deck

U.S. solar projects shipped since 2020 that use our products will annually offset...(¹) I CO₂: 109.6 million MT NOX: 56,166 MT SO₂: 59,243 MT Particulate: 6,155 MT OUR COMMITMENT TO ESG As a public company, we will report ESG metrics using the SASB framework Greenhouse Gas Emissions Reduction Water Withdrawals Reduction (¹) 14.7 trillion gallons Safety is Our First Priority Proactive safety environment reflected in FY 2020 TRIR of 0.88 me OD shoals Recycling Recycling program includes substantially all waste from manufacturing inputs ISO 9001:2015 Certified to rigorous quality management standards Ⓒ2022 Shoals Technologies Group Shoals Commitment to Responsible Business Principles Respect for our customers, employees and the communities where we operate is core to our culture Mandatory onboarding for all employees to company business principles Strong governance for pay equity across roles, with third party review (1) Annual offsets estimated based on the emissions avoided by generating electricity with solar PV projects with cumulative capacity equivalent to Shoals' shipments of solar products and solutions from January 1, 2020 through December 31, 2021 as follows: (i) CO₂, sulfur dioxide, nitrogen oxides, and particulate matter from 2021 national emission factors in EPA AVERT v3.2 Avoided Emission Factors 2017-2021 (March 2022); (ii) water withdrawals of solar PV compared to the weighted average of median natural gas and coal withdrawals per EIA 2019 data and "Operational Water Consumption and Withdrawal Factors for Electricity Generating Technologies: A Review of Existing Literature," by Jordan Macknick et al., in Environmental Research Letters, Vol. 7, No. 4; December 20, 2012; and (iii) annual average capacity factor of 25.3% provided by EPA AVERT and 1.25 DC to AC conversion factor. shoals 14

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