Alternus Energy SPAC Presentation Deck

EXCELLENT PERIOD ON PERIOD RESULTS - H1 2022 +114% +112% + 2x 5x ~$30 million ARR (H1'21 -$14 million ARR) 168 MW of assets in operation (H1'21 – 79MW of assets in operation) $18.3M of revenue (H1'21 - $7.4M) $8.9M of EBITDA (H1'21 - $1.6M) Financials & Valuation 32 Strong market tailwinds Expansion of executive management and key team members to support growth Successful integration of EPC and O&M activities YTD Energy production ahead of 2022 expectations (+9%) ▪ Strong local relationships driving recurring business, reflecting in contracted backlog and pipeline Progressing negotiations with Tier 1 European banks to fund planned construction activities

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