Airtouch Solar Ltd.

Investor Presentation • Apr 3, 2023

INVESTORS WEBINAR

April 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). 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 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

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

incredible milestone

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

Tal Gabay COO

Nimish Jain CEO of airtouch India

The need Cleaning accumulated dust on panels

\$4B+ annually

Damage primarily on dry and dusty areas

Common solution

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

Global Renewable Generation

Net Renewable capacity additions by technology, 2017-2023

56 PV Market %

Huge Market Potential

Total solar PV installed capacity 2022 – over 1,000 GW

Global Solar Market

Solar PV installations by system type

Utility proportion growing constantly

Top PV Markets worldwide

Top 10 solar PV markets in 2021

52 %

Dominated by 3 territories: China, USA and India

The Global Solar Market

2022 From vision to value delivery Consider it done

Airtouch by the numbers

Financials' Highlights

	2022 (thousands NIS)	2021 (thousands NIS)
Sales	16,453	10,453
Gross profit (loss)	464	(3,399)
R&D	5,279	4,862
S&M	3,276	1,468
G&A	8,891	7,100
Operational Loss	(16,982)	(17,447)
Cash & Cash equivalents, including Deposits	34,043	53,280
Inventory	11,502	9,737

We are proud to announce this incredible milestone

installed global projects

Addition to 1.6GW Of backlog order

Airtouch Solar is honored to be named "the top robotic module cleaning systems supplier in 1H 2022." Mercom magazine

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Airtouch Solar is honored to be named "the top robotic module cleaning systems supplier in 1H 2022." Mercom magazine

We keep growing

Customers

New Customers (another 2 from the big 10 in India)

"Avaada Group and Airtouch collaborate in technological innovation to maximize solar output. As a result of our association with Airtouch, we are able to save water in the arid zone, which will reinforce our commitment to sustainability. The precision Israel technology with "Made in India" is a Win-Win for both the companies."

Mr Vineet Mittal, Chairman of Avaada Group

"We are proud to partner with Airtouch solar, a leading water free robotic cleaning solution provider. The adoption of robotic cleaning systems will not only help in conserving water but will also bring greater efficiency in the cleaning of solar panels. The new system will service Acme solar plant in Rajasthan. We look forward to reaching closer levels of cooperation in various projects with Airtouch in our future projects." Mr Sandeep Kashyap, ACME COO

Development of additional products & applications

AT 4.0

Advanced version autonomous and portable cleaning robot with highest ROI for PV developers

AT 4.0 – Rooftops solution

Semi-autonomous cleaning robot solution to Industrial and commercial rooftops PV

AT 2.0 Tracker

Robots approved by Nextracker - Largest trackers manufacture

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

Customer oriented products

AT 4.0 Robot

Cleaning every day Empowering a cleaner tomorrow

solar pic

Steps to accelerate growth

• Diverting supply and procurement chain to India

• Full transition to AT 4.0

• Company's move to Holon site – reducing manufacturing area costs and expanding R&D capabilities

• Optimizing manufacturing and maintenance procedures, incl. costs • Penetrating additional markets

Increasing the production scope of work in India

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 .

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 a Pilot in Qatar.

Exploring opportunities in new markets

• China
• Spain
• Australia
• Chile

Airtouch's differentiated value proposition

4 key advantages that provide a profitable model for entrepreneurs

Preserving panels - Amazing results in PI Berlin and stress tests

Multiple products and applications - Trackers and fixed tables

Reducing assemblies & eliminating need for dedicated rails

Excellent end-to-end service

Airtouch is gradually becoming the strongest brand of the industry

End to End solution

The sales cycle takes time…..but it's worth it

2023 We are here to deliver

01 Accelerate Market share in India and Israel

03 Penetration to additional markets by establishing new pilots

02 Expand Development of additional core products & proposition

04 Implementing an efficiency plan to reduce costs and reaching our goal of 30% GP by 2026

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