Investor Presentaiton

Heatcube CAPEX roadmap On track to deliver on target CAPEX roadmap, establishing a solid foundation for the Heatcube platform Heatcube 1.0 Capex composition Heatcube components + "Good for All" developments Battery & Energy management * systems Gen2.0 engineering + Site assembly + Contingency = CAPEX, off grid · ** Heatcube 2.0 Today Volume effect, design/engineering optimization, sourcing in Asia EUR 40/kWh * Developments that will be beneficial for a group of installations, hence proportion of cost is allocated to each installation ** Site preparation costs and grid connection costs vary significantly for different client sites and need to be carried by each client KYOTO

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