Apollo Power Ltd.

Investor Presentation • Aug 25, 2025

Building Momentum

Investors Presentation - August 2025

This presentation has been prepared by Apollo Power Ltd. (TASE:APLP) (the "Company") solely for informational purposes. It does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of the Company in any jurisdiction, nor should it be relied upon as the basis for any investment decision.

This presentation was made for a convenient and concise presentation and is not exhaustive and does not pretend to encompass the full data about the Company and its activities and/or all the information that may be relevant for making any decision regarding investment in the Company's securities and in general and is not a substitute for independent data collection and analysis and/or to review the reports that the Company publishes and will publish to the public. In addition, the information under this presentation does not constitute a substitute for investment advice by a licensed investment advisor who takes into consideration the data and the special needs of each person and/or investor. The presentation includes data, estimates, forecasts and projections of the Company concerning its operation, which fall under the category of forward-looking information, as defined in the Securities Law, 5728-1968, the realization of which is uncertain and is mostly beyond the Company's control. Forward-looking information is based on Company's management's estimates, which are based, inter alia, on information known to the management when preparing this presentation. There is no certainty that such data and/or estimates and/or forecasts and/or projections may realize, in whole or in part, and they may differ from those included in the presentation, due to, inter alia, their dependency on external factors beyond the Company's control, such as changes in the business and competitive landscape or the realization of any risk factor which affects the Company.

Thus, readers of this presentation are warned that the actual results and achievements of the Company in the future may be substantially different from those presented in the forward-looking information under this presentation. Moreover, the presentation may include data obtained from external sources, which were not independently verified by the Company. Furthermore, the presentation may include information is displayed and/or processed differently from the way it appears in the Company's immediate and period reports to the public.

For the sake of clarity, the presentation is not in lieu of the immediate and periodic reports published by the Company, and in any case of a contradiction between information in this presentation and information released to the public, information released to the public in a forementioned reporting will prevail. The forecasts and estimates in this presentation are based on information available to the Company at the time of its preparation, and the Company does not undertake to update and/or change any such forecast and/or estimate to reflect events and/or circumstances occurring after the date of preparation of this presentation.

Lightweight rooftops

Trucks and buses

Inside private auto parts and RVs

Portable energy systems

The Choice of the Global Leaders

With its groundbreaking technology, Apollo's solar panel perfectly fits the new market needs.

Flexible, durable, efficient

Europe – Here We Come

• German company with €41.4 billion sales in 2024, 161 production facilities in 30 countries
• The companies are now preparing to begin distribution after a year of product adjustments and co-development
• 3+2 years exclusive distribution agreement in Europe, Middle East (excluding Israel) and Africa (subject to meeting agreed minimum sales targets)
• Multimillion agreement in high GP segment

Europe – Here We Come

• VW renewed its agreement
• Apollo will be a primary solar supplier for one of the company's new vehicle models
• €14.5M agreement for a special product - 8 years starting in 2026
• The companies are negotiating demolition costs

• Global leader in engineered products for RV, marine, automotive, commercial vehicle, and building industries
• ~140 manufacturing and distribution facilities, 12,500 employees
• 5-year exclusive distribution agreement covering the U.S. and Canada.
• \$1.2M co-development grant from BIRD, with exclusivity subject to meeting agreed minimum sales targets

• BANAIR designs, manufactures, and installs advanced engineered solutions for military clients worldwide.
• 1.58M NIS agreement for systems on mobile structures used by U.S. Army soldiers in off-grid locations

• American company specializing in distribution and marketing of fuel and energy products in the Northeastern U.S., operating fuel terminals and providing logistics for heating oil, diesel, gasoline
• Agreement for Apollo's solar panels for hazardous material tanks across the USA and Canada
• In June 2025, Sprague placed its first order of 2M NIS for the solar fuel tank. To maintain exclusivity, an additional 7M NIS must be ordered within the next two years

Strategic Collaboration with American Construction Leader

• The partner operates ~35 plants in North America and Europe, employs 3,500 people, and distributes to 96 countries, paving the way for large-scale global deployment
• An agreement for developing embedded solar solution in roofing products.
• A potential to generate multi-million-dollar future sales

France – Here We Come

• 3+3 years Exclusive Distribution agreement in France, Monaco and Andora with a leading European roofing solutions corporation
• The product: Integrated roofing membrane with Apollo's flexible solar panel
• Multi -million euros revenue potential

Israel – Here We Come

• An industry Israeli industrial and investment group with proven experience in infrastructure, real estate, energy, and advanced technologies
• A 5 million NIS order for Apollo panels for lightweight rooftops across Israel
• Already installed on 7 industrial roofs in Israel
• More to come…

• Leading player in solar system sales and installation on rooftops in Israel
• Apollo is entering the private residential rooftop market, while Volta expands the types of rooftops and structures -like pergolas, where solar systems can be installed, increasing installed capacity for end customers

Tel Aviv - New Regulations

Regulatory shifts create a strategic opportunity for Apollo

• In Israel, approval for 1,000 sports fields for solar canopies highlights Apollo's lightweight solution, cutting structural costs and enabling clean energy in urban areas.
• In August 2025, Apollo signed a pilot agreement with Tel Aviv municipality to install a solar canopy over a basketball court, providing shade and clean energy, with 0.5M NIS for development and installation.

• Regulatory Shifts Create a Strategic Opportunity for Apollo
• Flexible, glass-free solar technology – Less affected by U.S. tariffs in China and ideal for rapid deployment
• The One Big Beautifull Bill opens an opportunity for accelerated orders soon, due to Safe Harbor regulation that pushes companies to order equipment until the end of 2025

Ramping Up

Annual production capacity potential: 190 MWp

Our Best Seller

~35,000 are already installed worldwide – tip of the iceberg

• No need for Racking -less metal and materials, fewer parts for installation
• Efficient and Sustainable Logistics - 6 Panels per box / 60 panels per pallet / More KW per container
• Easy to Carry - can be carried to the roof, less workload on installers, no metal = no toxic materials; no hazardous materials

Can be Installed on Every Roof

Preserved Buildings Sport Stadiums Greenhouses

Apollo Charger Trucks and Buses – Here We Come

Plug & Play Kit

1,000+ systems worldwide

4 years experience in the market

Solutions For: Fleet Companies/ OEM's/Tier1/ Distributers

2024 E-mobility E-award Winner

Apollo Charger Family

Sprinter, Ducato, Trafic,

Van, RV

Large LCV, RV combustion,

engine refrigerating,

engine starter

The Future is Solar Everywhere

Refrigerating Trailer Solution

Apollo Charger Customers

How about Sitting in the Shade While Charging your RV?

• Lippert announced the Solar Awning in Overland expo – the biggest RV exhibition in USA in May 2025
• Since then sales began: ~2M NIS already ordered from 3 major OEMs

Going Viral

Ultra Fast Installation

One Hour 20 second

Building Momentum

Sales per Year (In M NIS)

The revenue projections for H2 2025, FY2026 and FY2027 presented in this chart are based on a combination of: (1) existing binding orders, and (2) potential revenues projected on the assumption that third parties with whom the Company has agreements will fulfill the full potential of these agreements, including placing binding orders required to maintain exclusivity (the "conditions"). Assuming the conditions are met in full, the Company may achieve cash flow break-even in the foreseeable future. It should be emphasized that these potential revenues are subject to the actual realization of the agreements, and there is no certainty that they will materialize in full or in part. These projections should not be relied upon as guarantees of future performance and the actual revenues may be significantly different than those presented.

Questions