Investor Presentaiton

Company highlights At market break-through with proven technology Extensive global heat potential for electrification Proven, modular Heatcube technology Strategy with clear commercial priorities concluded On the door-step to market break- through Strong eco-system for execution Key financials and targets • 50% of the global energy is used for heat production, and decarbonization through electrification requires energy storage • The global addressable market for Kyoto's Heatcube comprises of 11,000 TWh equal to more than 1 trillion euro* Kyoto's Heatcube is a modular and scalable thermal storage solution that is built on the molten salt technology used since 20+ years within the Concentrated Solar Power (CSP) • Driven by the continuous technology development, scaling up and optimizing the supply chain, the targeted CAPEX is set to 40 €/kWh of storage for 2025 • Based on market analysis, 5 focus markets and 6 key industries have been identified The value for the industry is primarily created by load shifting and participating in the reserve market and is offered either as Heat-as-a-Product (HaaP) or as Heat-as-a-Service (HaaS) In 2022 Kyoto gained significant traction in the market and is expected to sign 5-10 LoIs with partners in different targeted industries and geographies • A current potential pipeline with more than 1800 MWh storage demand to ensure a continuous growth Established a strong eco-system of partners and suppliers optimizing pre-assembling of the modules as well as ensuring a scalable project execution organization Backed by a senior industrial board of directors, the multi-national management team carries over 120 years of relevant scaling-up and industrial experience leading a highly diversified organization • Unit economics shows attractive cases with target EBITDA margin levels around 25% • Within 2025 several 1000 MWh of thermal storage is expected to be installed generating profitability

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