Airtouch Solar Ltd. — Investor Presentation 2023

Aug 24, 2023

INVESTORS WEBINAR

August 2023

Legal Disclaimer

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 2022 (published on March 30, 2023) and H1 FY2023 (published on August 21, 2023). 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 2022 annual report and H1 FY2023, 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 2022. 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.

Who we are

Who we are

Our company develops, manufactures, markets, operates and maintains autonomous robotic cleaning solutions for solar power plants worldwide

Established in 2017 by Mr. Yanir Allouche, a solar energy pioneer.

Commercial activities in India, USA and MENA

The company's head office and R&D center are in Israel. Main production facility is in India.

Public company (TASE: ARTS) since March 2021

Broad IP is protected by patents and pending patents

Leading team with proven record

Tal Laufer CEO

Yanir Allouche Founder & Chairman

Nick Lanir Brown CBO

Galit Sasson CFO

Nimish Jain CEO of airtouch India

The Global Solar Market

2023 From vision to value delivery Consider it done

Airtouch by the numbers

H1 2022 Revenue

₪10.0M

H1 2023 Revenue

₪3.3M

Backlog order H1 2022

(Supply& Maintenance until 2046)

25.7M₪

Order growth in H1 2023 vs H1 2022

350%

Backlog order H1 2023

(Supply& Maintenance until 2049)

111.7M₪

Financials' Highlights

	H1 2022 (thousands NIS)	H1 2023 (thousands NIS)
Sales	10,028	3,344
Gross profit (loss)	386	(2,697)
R&D	2,520	3,793
S&M	1,025	2,291
G&A	3,949	4,017
Other operational costs	-	163
Operational Loss	(7,108)	(12,961)
Cash & Cash equivalents	41,224	14,153
Deposits	4,660	5,510
Inventory	11,685	12,918

2022 H1 Milestone

installed global projects

Of this 1GW Installation of automated system on solar fields equivalent to the size of Ramat Gan

We are proud to announce this incredible H1 2023 milestone

installed global projects And 3.6 GWbacklog order

We Keep Growing

2023

Sales Recognition H1 vs H2

(Supply& Maintenance)

H1 2023	Q3 2023	Q4 2023
Actuals	Projected	Projected
3.3 M₪	1.4 M₪	20.1 M₪

Total projected revenue in 2023 – 24.9 M₪

Customers

H1 2023 - Top Deals

(Supply& Maintenance)

Development of additional products & applications

AT 4.0 Next Gen'

Advanced version - autonomous and portable cleaning robot with highest ROI for PV developers. Includes a new obstacle crossing mechanism (OCM), which allows larger tolerances between modules and tables.

AT 4.0 Tracker

Airtouch robot 4.0 for tracker structure includes a new 4X4 drive system for improved maneuverability when required.

Expanding Airtouch's product Variety of advanced technologies for cleaning solar fields and provide solutions for various applications that preserve the environment

Penetration to Additional Territories

USA

2 nd largest market in the world. Climate law fight against global warming.

The company completed the 1 st pilot in 2022. 2 nd phase pilot approved and planned for 2024.

MENA

The countries are actively taking steps to ensure they completely phase out the use of fossil fuels and increase their renewable energy output especially in the PV market.

The company is currently operating Pilots in Qatar and UAE.

Exploring opportunities in new markets

• China
• Spain
• Australia
• Chile

2023 Delivering Our Goals – H1 Status

• 01 Accelerate Market share in India and Israel – Adding 4 new strategic clients additional to winning the largest order in the company's history (from Renew Power)
• 02 Implementing an efficiency plan to reduce costs – In process

03 Penetration to additional markets by establishing new pilots – Operating active pilots in Qatar and MENA

04 Expand Development of additional core products & proposition – Launching Robot 4.0 next generation and Robot 4.0 for Tracker structure (4X4)

Airtouch is established as the first choice of top-tier solar developers in India and Israel and is perceived as a market leader and technological innovator

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