Shoals Results Presentation Deck

■ ■ ■ Leading Provider of Electrical Balance of System ("EBOS") solutions for solar energy Products used on approximately 50% of all U.S. solar capacity installed in 2021(¹) Significantly larger than next largest competitor Growing rapidly and taking share ⇒ 22% CAGR in revenues from 2019-2021 WHO WE ARE shoals Sell patented products that are less costly to install and more reliable than competing solutions ■ Install faster → fewer labor hours than conventional products ▪ Without licensed electricians → designed to be installed by general labor ■ With greater reliability → fewer connections and pre-terminated "plug-n- play" connectors Focus on selling complete systems rather than individual components Ⓒ2022 Shoals Technologies Group I ■ 73% of revenues from "system solutions" that include multiple products(2) Each system is custom designed for the customer's project (1) Estimated based on 11.1 GWs of products shipped for the year ended December 31, 2021 and an estimate of 20.6 GWs of total utility scale solar installations over the same period per IHS Markit PV Installations Tracker Q1- 2022, March 2022. (2) For the twelve months ended December 31, 2021. Highly consultative sales process that creates 12+ months of visibility 6

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