Wallbox SPAC Presentation Deck

WALLBOX¹ Transaction overview USD (mm) SOURCES Kensington Shares² Kensington Cash Held in Trust Wallbox Existing Cash³ PIPE Investment Total Sources USES Pro Forma Cash³ Equity Consideration to Wallbox Existing Investors² Estimated Transaction Expenses Total Uses $1,400 230 46 100 $1,776 $336 1,400 40 $1,776 PRO FORMA VALUATION Share Price PF Shares Outstanding (mm) Equity Value (-) Pro Forma Net Cash³,4 Enterprise Value PRO FORMA OWNERSHIP5 Kensington Public Shares, 23.0mm, 12.9% PIPE Investor Shares, 10.0mm, 5.6% $10.00 $1,788 178.8 ($310) $1,477 O Kensington Sponsor Shares, 5.8mm, 3.2% Existing Wallbox Rollover Equity, 140.0mm, 78.3% Note: Assumes no redemptions from Kensington's existing public shareholders. Assumes PIPE shares are issued at a price of $10.00. Excludes the impact of Kensington's warrants (public and private) ¹ Reflects non-IFRS financials | 2 Assumes $10.00 per share. Structure contemplates issuance of shares via a Dutch Holdco to be formed for purposes of effectuating the business combination | 3 Applied exchange rate: EUR:USD = 1.208 - 04/30/2021 - ECB 14 Includes outstanding loans of $25.6mm as of April 2021 | 5 Pro forma company will implement a dual-class shareholder structure with Class A shares (1 vote per share) and Class B shares (10 votes per share), which are owned by certain existing shareholders of Wallbox. All other equity issued through the merger as well as the PIPE will be Class A shares | Includes convertible loans expected to convert to shares of stock at closing pursuant to the terms of such loans 21 wallbox TM

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