Wallbox SPAC Presentation Deck

WALLBOX & KENSINGTON Transaction overview Overview ● Founded in 2015, Wallbox is a global EV charging and energy management solution provider Kensington Capital Acquisition Corp. Il ("Kensington") is an automotive-focused SPAC with ~$230mm of cash held in trust Kensington and Wallbox are proposing to combine to advance and accelerate the commercialization of Wallbox Capital Structure ¹Reflects non-IFRS financials | 2Applied exchange rate: EUR:USD = 1.208 - 04/30/2021 - ECB ● Wallbox shareholders are rolling 100% of their equity Transaction proceeds are being retained in the business Pro forma for the transaction (assuming no redemptions): ● Net of transaction expenses, Wallbox will have $336mm of pro forma cash to fund commercialization plans ($46mm ¹² of existing Wallbox cash, $230mm in Kensington cash held in trust and $100mm in PIPE proceeds) No additional equity capital required to be cash flow positive Valuation ● EV of $1.5bn which is ~1.3x 2025E sales¹,2 Represents attractive entry multiples relative to peer group metrics KENSINGTON HAS IDENTIFIED WALLBOX AS A UNIQUE AND COMPELLING INVESTMENT OPPORTUNITY THAT IS DEVELOPING EV CHARGING AND ENERGY MANAGEMENT SOLUTIONS TO POWER THE SHIFT TO ELECTRIC VEHICLES 3 wallbox ΤΗ

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