Shoals Results Presentation Deck

SIMPLE MODEL THAT DELIVERS STRONG FINANCIAL RESULTS Core Objectives Grow faster than the market Deliver 30%+ EBITDA margins Minimize capital intensity shoals . @ 0 Tactics Take market share with disruptive products Locate manufacturing in low-cost regions Use automation to reduce labor content Leverage growing volumes to reduce materials costs Tightly control factory overhead and SG&A Customize manufacturing equipment in-house rather than purchase custom-built machines © 2022 Shoals Technologies Group Results 22% CAGR in revenues from 2019-2021 ~400 bps increase in EBITDA margins from 2019-2021 Direct labor <19% of COGS ✓ Factory overhead <7% of COGS ✓ SG&A <15% of revenues $9.1 million of cumulative capex from 2019-2021 (~1.7% of sales over period) 34

View entire presentation