Shoals Results Presentation Deck
THREE SIMPLE REASONS TO INVEST IN SHOALS
Gain Exposure to the Largest Part
of the Solar Market...
Ground mount solar is the fastest growing
source of new generation in the U.S.(¹)
Utility-scale market is over 6X the size of
residential market (2)
EBOS is required for every project
EBOS is less exposed to price pressure
than other equipment categories
لمة
...With a Company that Can Grow
Faster Than the Market...
"Category killer product" that's gaining
share from conventional solutions
✓ Increasing wallet share with new products
Growing wallet size with energy storage
Large overseas growth opportunity -
international market is 4.0X size of U.S.(3)
Significant additional upside from EV
charging products
(1) Comparison of generation growth based on FERC data for new generation with capacities in excess of 1 MW placed in service between 2015 and 2020.
(2) IHS Markit Solar Market Tracker - North America: First Half 2021.
(3) IHS Markit PV Installations Tracker Q2-2021, June 2021. Based on 2023 estimated market sizes. International market excludes China.
(4) Based on historical results for 2019, 2020 and 2021.
shoals
© 2022 Shoals Technologies Group
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...And Deliver Strong Returns
for Shareholders
20%+ top line growth (4)
-30% EBITDA Margins(4)
Strong free cash flow generation
Self-funding - no new equity capital
required to grow the business
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