Shoals Results Presentation Deck

BLA CONTINUES TO GAIN SHARE At IPO (January 2021) Converted 4 In Transition 10 Prospects 11 shoals 3 +60 18 5 48 EPCs and Developers Today Converted 25 In Transition 15 Prospects 59 H H ■ ■ Highlights More than six-fold increase in number of EPC and developer customers since IPO 7 customers converted to BLA in Q1 2022 representing approximately 2 GWdc 16% increase in BLA funnel since Q4 2021 Secured 3 international BLA orders in Q1 2022 Ⓒ2022 Shoals Technologies Group 26

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