Shoals Results Presentation Deck

01 Win the Customer and Take Share with BLA Estimated BLA Share in the U.S. (1) (2) 7% 2017 28% 2020 36% 60%+ 2021 Target OUR GROWTH STRATEGY 02 Grow Wallet Share with Complementary Solar Products EBOS Customer "Wallet" (3) 2.1¢ 5.6¢/W 1.5¢ 2.0¢ Current Products Target Products Not Targeted 03 Grow Wallet Size with Battery Storage Products EBOS Spend per Watt 8.8 ¢ +57% 5.6 ¢ 11 Solar (3) Solar + Storage (4) 04 Expand Internationally 2024 Ground Mounted Installations (GW)(5) 31.7 U.S. 3.4 x Larger 109.3 International (ex. China) 05 Introduce Time and Cost Saving Solutions for EV Charging Infrastructure U.S. Investment in EV Charging Infrastructure ($B)(6) 54.5% CAGR $0.7 2020 $2.6 2023 (1) Based on the total MWs of BLA products shipped in the period compared to the total MWs of ground mounted solar installed over the same period per Wood Mackenzie US Solar Capacity Data: Q2 2022. (2) For the years ended December 31, 2017, 2020 and 2021. June 2020, and mana emer estimates. Estimate for 50 MW site sing gle-axis trackers. (3) Based on Wood Mackenzie H1 2020 U.S. Solar PV System (4) NREL 2021 U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks (p. 36). Based on average of NREL estimates for EBOS cost for two- and four-hour duration 60 MW battery storage systems. Assumes 1 MW of battery capacity for every 4 MW of solar capacity. Based on MWs of ground-mount solar installed in 2024 per IHS Markit PV Installations Tracker Q2-2022, June 2022. (5) (6) Estimated annual public and commercial EV charging infrastructure investment in the U.S. for hardware, installation and O&M as per BloombergNEF Charging Infrastructure Forecast Model (CIFM), June 2022. shoals © 2022 Shoals Technologies Group 25

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