Maytronics Ltd.

Investor Presentation • Mar 28, 2023

Investors Presentation

26 Mar 2023

Disclaimer

This presentation is not an investment advice or an offer or solicitation for the purchase or sale of any of Maytronics's securities and it has been prepared by Maytronics solely for information purposes. While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the date of the presentation, Maytronics makes no representation that it is accurate or complete. This information is based on information included in Maytronics's public filings. However, some of the information may be presented in a different manner and/or is differently edited. In any event of inconsistency between Maytronics's public filings and the information contained in this presentation - the information included in the public filings shall prevail. Nevertheless, for sake of caution a copy of this presentation has been made public through an immediate report. The estimations and assessments contained herein (such as market share, amount of pools and different products prices) are based on internal estimates of Maytronics and Maytronics does not hold official or verified data. This data is based on information received by Maytronics from its distributers and/or received by it via conversations with market professionals and/or international exhibitions. As a result, such data must not be considered certified or accurate information. This presentation may contain forward-looking information (within the meaning of the Securities Law 5728-1968) about Maytronics and may include among others Maytronics's objectives, evaluations, estimations, and forecasts concerning future events of which realization is not certain and is not in Mytronics's control. Forward-looking information should not be regarded as a representation that anticipated events will occur or that expected objectives will be achieved. In addition, the realization of the forwardlooking information may differ from Maytronics's anticipations and may be affected by factors that cannot be assessed in advance, and which are not within the control of Maytronics, including risk factors that are characteristic of its operations, developments in the general environment, and external factors that affect Maytronics's operations. Maytronics's future anticipated results and achievements may differ materially from its actual results and achievements. Furthermore, the information contained herein is subject to changes without notice and Maytronics does not undertake to update the information contained herein. This presentation and the information contained herein are or may be protected by copyright and database rights and may not be reproduced, distributed or published by any person for any purpose without the prior express consent of Maytronics. All rights are reserved.

Agenda

The Pool Market – 2022 Summary*

Pool Install Base: 30M Pools Residential: 18.9 M IG | 10.3M AG | Commercial: 820 K

* Company's Estimation

**According to 2022 analysis, the 2021 numbers were adjusted to 29.2M instead of 28.5M

The Pool Market – 2022 Summary*

New Build: Total of ~800K Pools ~400K IG | ~380K AG YoY: ~ -22% from 2021

Equipment market Negative Growth 10% -15%

Robotic Cleaners market Growth 10% -15%

* Company's Estimation

The Robotic Cleaners Market – 2022 Summary*

Pool w/t robots: 2021 5.4M | 2022 6.3M +~1M New Robots in Pools

Robotic Penetration: 21%

19%

Other global Residential pool cleaning methods 2021 – 2022

* Company's Estimation

Residential Pool Robots Competitive Environment 2022 MARKET SHARE*

* Company's Estimation

6.3M Pools (21%) = Install base

23.7M Pools (79%) = Blue Ocean

– Drill Down

2022 Achievements

Maytronics Business Growth

2022 - Achievements

Continued healthy end user demand

Growth across the world

Production expansion & Capacity to meet the demand

Production Automation

Number of Digital Transformation "Go-Live"

Liberty Launch and initial market reaction

Market reaction to our presence

ECCXI Acquisition Supporting

the growth

Lyon Show

15-18 Nov 2022

2022 Challenges

Financial Analysis

Q4/22 GP Margin Main Factors

2022 GP Margin Main Factors

OPEX analysis

Balance Sheet Highlights

	31.12.2022	31.12.2021
Trade Receivables	187.5M NIS	115.9 NIS
Trade Receivables days	77	65
Inventory	1,016M NIS	529.7M NIS
Inventory days	279	177
Trade Payables	240M NIS	222.6M ILS
Trade Payables days	95	83

Outlook

2023 Revenue Growth 13%- 20% (0% - 6% Excluding ECCXI)

• Mid single digits effective net Price effect
• Based on average FX rates since beginning of 2023
• Solid consumer demand for residential robotic cleaners
• Softer Distribution demand in H1
• Solid demand for commercial robotic cleaners
• Continued decline in new construction

Revised Revenue target for 2025 upward to NIS 2.7 billion and 15%-19% operating margin

• Growth achieved in 2022
• ECCXI acquisition
• Revenues outlook 2023
• Back to mid teens growth in residential robotic cleaners from 2024
• 50M -100M NIS from new acquisitions and water technology

Thank you !