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Airtouch Solar Ltd.

Investor Presentation Sep 13, 2022

6628_rns_2022-09-13_3f47f161-80d4-45b7-958f-e95c951feb62.pdf

Investor Presentation

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September 13, 2022

The purpose of this presentation is to provide information on AIRTOUCH SOLAR LTD (hereinafter: the "Company"), its operations and financial performance. It does not an offer to purchase or sell securities of the Company or an invitation to receive offers as stated, nor does it constitute a recommendation regarding the securities, and is designated only for the provision of information.

The information provided in the presentation is not an alternative to the gathering and analysis of personal information, does not constitute a recommendation or opinion and does not constitute an alternative to the personal discretion of any investor.

This presentation and the information included herein were not intended to replace the need to review the reports published by the Company to the public, including the Company's periodic reports for 2021 (published on March 31, 2022) and H1 FY2022 (published on August 28, 2022). In any event of discrepancy or inconsistency between the information specified in this Presentation and the information appearing in the Company's Reports or the Periodic Report, the latter shall prevail, as the case may be.

The presentation includes forecasts, estimates, assessments, business goals, and other information pertaining to future events and/or matters, whose materialization is uncertain and is beyond the Company's control, and which constitutes forward- looking information, as the term is defined in the Securities Law, 5728-1968 (hereinafter: the "Securities Law").Such information is uncertain and not under the Company's control and may not materialize, in whole or in part, or may materialize in a manner significantly different from such forecast. . The realization and/or non-realization of the forward-looking information as stated will be impacted by factors that cannot be evaluated from the outset and are not under the Company's control, including risk factors characterizing the Company's operations, as detailed in the Company 2021 annual report and H1 FY2022, and from developments in the general and financial environment in the Company's areas of business, and external factors impacting its operations.

It shall be clarified that this presentation shall not, in any manner limit the Company from taking any business decisions, including in a manner that may differ from this presentation or the forecasts presented in it. The Company does not undertake to update and/or change any such forecast and/or assessment to reflect events and/or circumstances postdating this presentation.

This presentation includes information that is based on external sources and studies, which have not been independently reviewed by the Company. This information shall consist as general and nonbinding information.

It should be noted that some of the images attached to this presentation, as well as certain data included in this presentation were not included in past reports of the Company and are provided for the first time in this presentation or presented in a different manner than it was presented in the Company's reports or were updated in accordance with the statements of the Company's annual report for 2021. In addition, information included in the presentation may be considered to be presented differently than the manner it is presented in the Company's reports. The Company is of the opinion that the information included in the presentation, is available for calculation from the data included in the said reports, or alternatively, has no material influence with respect to a reasonable investor, which may consider the purchase or sale of the Company's securities.

Our company develops, manufactures, markets and maintains autonomous robotic cleaning solutions for solar fields in Israel and worldwide

Consider it done

H1 2022 sales growth vs H1 2021

Gross margin Move to profitability H1 2022

H1 2022 sales

₪ 1

Liquidity

Backlog - Sales, operation & maintenance agreements

10,028 3,012
386 (691)
2,520 2,897
7,108 7,911
6,858 6,804
41,224
4,660

Manufacture and supply from Indian factory

Lower supply chain costs

Leverage growth to improve purchase prices with suppliers & contracts with subcontractors

Start of gradual transition to procure raw materials in India

Improving work processes while reducing costs

Using Airtouch's robotic solutions for dry cleaning of solar modules at our Bhadla plant has .

The solution is . By deploying these robots, we have been able to , besides experiencing significant gains in generation and revenue and a .

SRIVATSAN S. IYER Hero Future Energies

We are proud to announce this incredible milestone

Of this Installation of automated system on solar 1 field equivalent to the size of

The Potential

Cleaning accumulated dust on panels

annually

Damage primarily on dry and dusty areas

Manual water cleaning, expensive, not repeatable, requires infrastructure and creates other issues

Developers' returns have eroded by

Dust problems are significant and can cause damage of

In last 7 years to developers' returns

Developers prefer reliable and economical solution that will contribute to improved returns

Huge market

Total solar PV installed capacity 2021 - 940 GW

TAM - 658 GW

New solar fields

FIGURE 16 GLOBAL TOTAL SOLAR PV MARKET SCENARIOS 2022 - 2026

Today, it's clear to everyone that

Impact of climate and global water crisis support the acceleration of growth

בעולם | TheMarker

משבר המים האמריקאי כבר כאן: סכנה למקור המים של 40 מיליון איש

כמות המים הזורמת בנהר הקולורדו, אחד ממקורות המים המרכזיים של מערב ארה"ב, הצטמצמה משמעותית בעקבות משבר האקלים ■ לאור זאת נדרשת הפחתה משמעותית בשימוש במים בכמה מדינות ■ לאחר קושי בגיבוש הסכם, התערב הממשל הפדרלי וכפה קיצוצים על שתי מדינות, כמו גם עד מקסיקו

CLIMATE HOME NEWS

Seen from space: Extreme drought dries up rivers across the globe

בעולם | TheMarker

אירופה במשבר אנרגיה - והירידה במפלס הריין עלולה להחריף את המחסור

מפלס נהר הריין ירד לרמות שפל באזורים מסוימים, מה שמגביל את היכולת להוביל בו פחם לתחנות כוח בגרמניה - ומאיים עוד יותר על אספקת האנרגיה ביבשת

Gilan

electricity production through renewable energy by 2030

Institutional investors like Leumi Partners and Mizrahi shift their investments towards renewable energy from solar fields

largest solar market in the world

Government suggests solar fields owners opt for water-free cleaning solutions

Climate law fight against global warming

The plan provides subsidies for green energy producers

Touch the potential

Technology

Infrastructure People

million cubic meters of water saved per year

million KWH of electricity saved per year

of advanced technologies for cleaning solar fields provide solutions for various applications that preserve the environment

Autonomous cleaning robot with highest ROI for PV developers

Semi-autonomous cleaning robot solution to service fields with unique geometric structures

Autonomous vehicle with multiple cleaning robots for solar-tracking panels

Centralized control center to manage cleaning robots from anywhere in the world

that provide a profitable model for entrepreneurs

Infrastructure

  • Close to Israeli customers
  • R&D & production knowledge center
  • Sales, service & operation

  • Commencement of production activity in September 2021
  • 2,700m production floor + 800m offices
  • On-board employees including sales, service and operation
  • Production capability of 500 robots per month

People

CEO Founder & Chairman

CBO CFO Legal Counsel

COO CEO of airtouch India

The future is autonomous

The FIRST autonomous vehicle of its kind worldwide! =

First commercial installation has been completed in Israel

We are here to deliver

Execution, Execution, Execution

34

Continuing to improve gross profit Ongoing growth

Penetration to additional territories

Development of additional products & applications

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