Investor Presentation

4Q 2022 Financial Performance Note: Results Impacted by Discontinued Legacy XL Fleet $ in millions, unless specified A B Financials Revenue Gross Margin Gross Margin (%) SG&A Net Income (Loss) Adjusted EBITDA (2) Adj. EBITDA Margin (%) Cash & Cash Equivalents. Non-Recourse Debt Key Operating Metrics C Home Solar Systems and Contracts Portfolio Generation Capacity - MW Combined Portfolio Generation - MWh Third-Party Serviced Systems 3Q'22(1) 4Q'22 Highlights A. Revenue in 4Q reflects first full quarter contribution from Spruce, with 3Q including only 5.1 18.1 2.7 10.1 B. 53% 56% 27.0 28.6 (22.0) (43.2) (8.3) 3.5 -163% 19% 271.6 240.1 542.5 533.2 C. 52,000 51,000 337 334 134,000 76,000 37,000 30,000 (1) 3Q'22 financial results adjusted for discontinued operations of XL Fleet. (2) Non-GAAP figure. Refer to Appendix for reconciliation of Adjusted EBITDA. (3) Cash & Cash Equivalents includes restricted cash of approximately $20mm and $32mm for the three months ended 12/31/22 and 9/30/22, respectively. 21 days of contribution SG&A in 4Q includes approximately $21mm of non- recurring expenses related to restructuring charges, legal fees, expenses related to corporate functions of the legacy XL fleet and integration expenses Home Solar Systems and Contracts owned was over 72,000 at 4Q'22, pro forma the acquisition of Spruce Power 4

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