February 2021

Creating Future Energy

Disclaimer

This presentation regards the business activity of Apollo Power Ltd. (TASE:APLP) (The "Company"). For the sake of clarity, this presentation does not constitute a proposal to purchase the Company's securities or an invitation to receive such offers, and it is intended solely for the provision of information to investors. The presentation includes 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 the management has when preparing this presentation. These data and/or estimates and/or forecasts and/or projections may not realize, in whole or in part, or they may differ from those included in the presentation, due to, inter alia, external factors beyond the Company's control, such as changes in the business or competitive landscape or the realization of any risk factor which affects the Company. In this regard, the presentation includes reference to the Company's estimate with regard to an increase in sales and the Company's revenues for 2021 onwards, and the Company's short and long term goals. Moreover, the presentation may include data obtained from external sources, which were not independently verified by the Company. Furthermore, the presentation may include information which hasn't been included in the Company's periodic or immediate reports, and/or displayed and processed differently. For the sake of clarity, the presentation is not in lieu of the immediate 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 aforementioned 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.

Rethink Energy

We don't see an energy problem. Everything around us, everything the light touches, is full of energy.

Innovation Company. In the field of Energy.

Our technology is disruptive and we will forever strive to be innovative. We believe that energy technologies are far from being fully explored.

INVESTORS HIGHLIGHTS

Established in 2014, publicly traded in TASE since 2017 (TASE:APLP)

2020: Breakthrough Year

A first production line for the Apollo film has been established in Yokneam, Israel
First sales of our commercial product

Stock had surged +1000%

Strategic partnership with world-class leader brands in various industries

Can be applied on a variety of surfaces and implemented inside existing products

Fully flexible

As low as 1 cm rolling diameter *Depends on the application

High efficiency

currently approx. 13.7% at cell level

Light weight

430 - 2100 grams/sqm *Depends on the application

Durable

tested and certified, undergoing additional certification processes

Mass production at low cost

existing capacity for pilots, relatively easy scale up subject inter alia to necessary funding

Granted patents in China, Europe and Israel, as well as patent applications in different approval stages

DESIGNED FOR DIVERSITY AND FLEXIBILITY

Apollo film is a revolutionary, perception-challenging concept that transforms surfaces into an energy source.

The Company is working to receive all the required certifications for target markets

Apollo Power tests on an ongoing basis all relevant parameters and characteristic of the Apollo Film for regulatory and certification compliance and to insure continuously meeting the dynamic needs of the solar market and evolving applications

CERTIFICATIONS

CERTIFIED LABS:

APPROVED FOR:

IN PROCCESS:

Ever evolving, ever changing.

Lighter, thinner, stronger, better. Our notion for improvement is everlasting.

Constant effort to improve efficiency

Implementing the solar film into different materials
Improving production processes toward production scale up and cost reduction
IP protection

CONTINUOUS INVESTMENT IN R&D

Our R&D team are experts in solar energy and material engineering

Existing production capacity

Semi automatic production line installed in Yokneam, Israel Second generation production machines are being installed Q1 2021 - increasing the capacity to ~10 MWp/year

Mass production capacity

in order to meet possible future demands the company is preparing to increase production capacity, while the actual increase is subject to future orders and market demands.

PRODUCTION CAPACITY FOR INITIAL REVENUES ALREADY EXISTS

Apollo Power's first production site | Yokneam, Israel 2020

The company has a concrete plan to significantly increase capacity

Currently in contact with potential strategic partners in the target markets and additional future markets such as agro solar, roads and large infrastructures

Floating Solar

to produce solar energy

CREATIVE ENERGY, CREATIVE POSSIBILITIES

Working towards enabling the dreams of pioneers in many industries, sparking new possibilities never thought possible.

PARTNER WITH THE BEST

We join hands with some of the most innovative companies and initiatives in the world today and offer new perspective that will help us achieve incredible things together.

APOLLO POWER STRENGTHS

MARKET NEEDS	STRONG R&D TEAM	STRONG STRATEGIC PARTNERSHIPS IN TARGET MARKETS	PRODUCTION CAPACITY	SALES	CERTIFICATIONS
Increase in use of solar energy worldwide	Advanced technology in the flexible solar industry	Effective co development of applications	Existing capacity for initial sales	Started commercial sales in 2020	The Apollo Film is tested and approved by external labs
Government support for solar energy production	Constant improvement in efficiency and quality	Access to markets	Concrete plan to significantly increase capacity	Expected increase in 2021 onwards	The Apollo Film is being tested for additional certifications
	Diversified applications for the Apollo Film	Securing long term repeat revenues			based on market requirements
	IP protection

Step by step, to the impossible.

The latest business developments, news and updates

FIRST FLOATING SITE

OCTOBER 2020

Turnkey agreement with "Mei Hof HaCarmel" for the installation of a floating solar pilot facility in exchange for NIS 450,000-600,000, with the facility intended to be the third pilot with Ciel and Terre.

The company will install a floating solar facility with its flexible solar films on one of the water reservoirs managed by Mei Hof HaCarmel. The final consideration will be derived from installed capacity and will be paid after the installation is completed and the facility meets certain criteria for 90 days from its integration into the grid. In addition, the company will maintain, operate and monitor the performance of the facility for a period of 24 months from the completion of installation.

The company granted C&T exclusive distribution right with minimum quantities of 2,000,000 KWp, subject, inter alia, to the successful completion of all pilots and entering into a definitive agreement

JUNE 2019

SEPTEMBER 2020

RAFAEL

Apollo Power and RAFAEL Advanced Defense Systems Ltd. have signed an agreement for a 4 months collaboration on examining the feasibility (PoC) of incorporating solar films developed by the company in a series of defense products to be defined by the parties.

Within 4.5 months from the completion of the PoC, Rafael will inform the company if it wishes to continue to a commercial cooperation agreement. During this period (and for an additional 1.5 months, if Rafael informed the continuation of the collaboration) the company will grant Rafael right of refusal for commercial collaboration in the project.

JULY 2020

MOU WITH AUDI

Apollo Power and Audi signed an MOU defining the collaboration between the companies on a project in which Apollo Power's unique solar technology will be tested for the purpose of integration into body parts of Audi's electric cars of the future.

The collaboration is defined as a 12-month long project starting July 2020. As part of the MOU, Apollo Power has agreed to give Audi and the VW group a first to market position for several months.

AUTOMOTIVE TRUCKS AND HEAVY DUTY

the company is conducting pilots with leading partners in the trucks and heavy duty industry.

LIGHT WEIGHT CONSTRUCTION

On December 2020 the company signed an agreement for installing a light weight PV system on a roof that has weight constrains on a public building in Israel.

DECEMBER 2020

The Apollo Film is suitable for a variety of surfaces. Currently, the Company produces and sells flexible solar modules

Apollo ToGo

Suitable for personal use for outdoor activities

2019 2020 2021 7 528 Apollo Power started commercial sales during 2020 (Thousand NIS):

Apollo Battery Guard

suitable for preventing vehicles' battery discharge

Apollo Film Suitable for RV, yachts, electric boats etc.

* Based on existing binding contracts/ orders of 1.5M NIS, the company expects it's revenues in 2021 are bound to be higher than its revenues in 2020, in an amount it cannot reliably estimate at this stage

SALES & PRODUCTS

Apollo Power expects a continuous annual increase in sales

FINANCIAL STABILITY

Equity (thousand NIS) based on the Company's audited and reviewed financial statements

During 2020, the Company raised capital in the amount of NIS 30.8 million.

Floating Solar Defense Industry Automotive Off Grid Building Integrated

Paid pilots for defense needs Sales of aftermarket solutions for vehicle fleets

Paid pilots for BI installations

Increase in direct sales in the near future

Partnerships with wholesalers for large volume distribution

Strategic partnership with leading partners in the defense industry

Paid pilots of SHORT
floating solar installations TERM GOALS
Large scale sales of floating Apollo Film (2,000 MWp in the period of 5 years) LONG TERM GOALS