Shoals Results Presentation Deck

HIGH REVENUE VISIBILITY DRIVEN BY LONG PROJECT LEAD TIMES... 14 ● Project Identified Shoals receives preliminary design drawings Project Development 6 months EPC advances preliminary engineering and design Shoals prepares preliminary design, layout, and pricing shoals ● EPC Award Shoals receives verbal award Pre-Construction 3 months EPC completes final design • Shoals completes final design, layout, and pricing 影 ● © 2022 Shoals Technologies Group ● Shoals Purchase Order Shoals receives binding purchase order Pre-EBOS Construction 3 months EPC completes pre-EBOS construction activities Shoals production lead time ● EBOS Delivery 2-3 months The procurement process typically gives us 12+ months of visibility on demand and many customers give us long-term forecasts with their needs, further enhancing our visibility Shoals delivers system 35

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