Electreon Wireless Ltd. — Investor Presentation 2024

Sep 25, 2024

Investor Presentation

September 2024

Disclaimer

The following applies to the presentation with respect to Electreon Wireless LTD and its subsidiaries and affiliates (collectively, the "Company"). In accessing the presentation, you agree to be bound by the following terms and conditions.

The presentation does not constitute or form part of, and should not be construed as, an offer or the solicitation of an offer to subscribe for or purchase the securities of the Company, and nothing contained therein shall form the basis of or be relied on in connection with any contract or commitment whatsoever, nor does it constitute a recommendation regarding the securities. The information included in this presentation is a summary only and does not exhaust all of the information regarding the Company and its business, nor is it a substitute for inspection of the Periodic Report for 2023, the Company's current reports, and the presentations released thereby, as reported to the ISA via the Magna distribution site (the "Public Information"). The information contained in this presentation is incomplete, is subject to, and does not replace the Public Information.

This presentation shall not be relied upon and shall not be construed as any representation or obligation, including with regard to the completeness or accuracy of the information included therein. The presentation may include information presented differently from the way it has been presented in the Public Information, viz., this presentation may include data presented and/or characterized and/or edited and/or segmented differently from the way it is included in the Public Information. This presentation includes data and information based on the Company's subjective assessments, estimates, and expectations, and therefore this data and information should be treated accordingly.

This presentation includes forecasts, estimates, assessments, and other information pertaining to future events and/or matters, whose materialization is uncertain and beyond the Company's control, and which constitute forward-looking information, as defined in the Securities Law, 5728-1968. Such information may not materialize, in whole or in part, or may materialize in a manner significantly different from such forecasts. Forward-looking information is based solely on the Company's subjective assessment, based on facts and data regarding the current condition of the Company's business and macroeconomic facts and figures, all as known to the Company at the time of preparation of this presentation.

The forward-looking information in this presentation, particularly information regarding revenue projections, sales expectations, and forecasts concerning the development of the electric vehicle market, may be influenced, among other things, by risk factors detailed in Section 31 of the Company's 2023 annual report. The financial data presented in this presentation that constitutes forward-looking information has not been reviewed or audited. Additionally, the presentation includes key performance indicators (KPIs) that have not been examined by the Company's auditors, and the methodology for their calculation is detailed at the end of this presentation.

The materialization or non-materialization of the forward-looking information will be affected, inter alia, by risk factors characteristic of the Company's activity, as well as by developments in the general environment, in market conditions, and in external factors affecting the Company's activity, including technological changes, changes in binding regulation, changes in standards, lack of funding sources, changes in competition, decrease of demand for the Company's products and their prices, failure to obtain required approvals, and other such events which cannot be estimated in advance and which are beyond the Company's control. 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 of general and non-binding information. The Company's management relies on external publications as part of the Company's day-to-day management and/or setting its goals and strategy.

All numbers and figures in this presentation are approximate.

Anyone reading the presentation must read it in conjunction with the annual report of the Company for 2023, which was published on March 28, 2024 (reference number: 2024-01-033534) and the current reports and presentations released thereby, as reported to the ISA via the Magna distribution site.

Agenda

01 EVs & wireless charging Shaping the future of mobility

02 Electreon in action Projects & technological impact

03 Financial overview

Leveraging technology for sustainable growth Revenue prediction for 2025

EVs & Wireless Charging

Shaping the future of mobility

The global shift to electric vehicles

The only sustainable path forward

Total Addressable Market for wireless charging by 2030

The EV market is growing exponentially – estimations of vehicles on the road by 2030

*Sources are linked at the end of the presentation

6

This slide presents a possible and non-binding scenario. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report.

Electreon potential

Based on Electreon's market penetration

This slide presents a possible and non-binding scenario. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. The financial data presented in this slide has not been reviewed or audited, and, similarly, constitutes forward-looking information. Actual results may differ from the potential presented herein, due to various factors, including those beyond the company's control, or as a result of the materialization of risk factors outlined in the company's annual report for 2023.

7

The future of mobility is wireless

Flexibility and convenience

Scalable and future ready

Reduces infrastructure footprint

Enhances safety

Reduces battery size

Eco-friendly

Wireless charging offers hope for mass electric vehicle use

Disruptive technologies you might not see coming – Electric vehicle charging goes wireless

Wireless charging: Hands-free technology offers a leap forward for e-Mobility

You cannot call a car 'autonomous' if it cannot fuel/recharge itself

Nissan

Mercedes Benz

Tesla

Volvo BMW Hyundai

Electreon - World leading Pioneer of Wireless EV Charging

2021 One of the best inventions of the year Global projects 16 Automotive partners 32+ Patents* 2013 Founded 135 Employees globally

*Registered and Pending

Established and Proven

Partnership with TOYOTA & DENSO

Joint development of an aftermarket wireless kit for current EVs in the market 01

Development of built-in wireless charging embedded in new EVs as part of the production process 02

Promote projects in Japan, the USA and/or Europe 03

Collaboration to shape the standardization of wireless EV charging 04

Electreon's International OEM collaborations

Passenger Vehicles	Fleets	Busses	Trucks	Additional Automotive Partner
Stellantis Netherlands	UES U.S.A.	IVECO Italy	Kenworth U.S.A.	DENSO Japan Market Incumbent
Toyota Japan	XOS U.S.A.	Yutong China	GINAF Netherlands
Hyundai South Korea	Stellantis Netherlands	Higer China	Dongfeng China
Ford U.S.A	IVECO Italy	Zhongtong China
Volkswagen Germany	Maxus China	Sunwin China
		Ankai China

About the strategic investment

September 2024

One of the world's leading automaker

Indication for market potential - Leading 6 automakers' vehicle sales in 2023**

*Sources are linked at the end of the presentation

15 This slide presents a possible and non-binding scenario. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report.

Potential market for B2C

*Sources are linked at the end of the presentation

16

of EVs

This slide presents a possible and non-binding scenario. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. Such information includes, among other things, goals, forecasts, targets, assessments, and/or estimates relating to future events and/or matters, the realization of which is uncertain. These may be influenced, among other things, by factors beyond the company's control and which the company cannot predict in advance, or by the occurrence of any of the risk factors described in Section 31 of the company's annual report for 2023.

Electreon in action

Projects & technological impact

Electreon go-to-market segments

Airports

University campuses Last mile deliveries

Shared cars Point-to-point fleets

Taxi & MaaS BRTs Fleet Management

Highway ERS

Passenger EVs

Data-driven platform for Smarter EV Management and Charging solution

Electreon's primary regions

Wireless electric roads in the U.S. and Europe

Electreon's Integrated solution for urban & depot

Transforming GREEN ZONES into multi-modal sustainable mobility hubs for multiple simultaneous transport cases* UPS Michigan

Charge while you load

Convert loading & unloading docks in green zones & overnight fleet charging depots into stationary charging opportunities

~15 minutes at drop points = 12.5 kwh**

~20% of daily energy needs supplied on route

Compared to other charging solutions on the market

*Calculations are linked at the end of the presentation.

20 The financial data presented in this presentation that constitutes forward-looking information has not been reviewed or audited. Additionally, the presentation includes key performance indicators (KPIs) that have not been examined by the Company's auditors, and the methodology for their calculation is detailed at the end of this presentation.

Trondheim (Norway) solution & potential with Electreon ' s on route charging

Battery reduction 75%* per 24 -meter bus (double -articulated)

\$240K**

9,600 kg***

weight reduction per bus savings per bus

Next step tender for: 58 buses Total potential savings \$13,9 M****

Upside growth

250 buses

Preliminary results outperforming expectations by 30 % Up to 110 kW static and dynamic

*Calculations are linked at the end of the presentation

This slide presents a possible and non -binding scenario. As such, it includes, among other things, forward -looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. The financial data presented herein has not been reviewed or audited. Additionally, the presentation includes key performance indicators (KPIs) that have not been examined by the Company's auditors, and the methodology for their calculation is detailed at the end of this presentation.

Charge as you drive

A10 highway, Paris

First release of the Next Gen Receiver 180%

increase of power transfer to ~75 kW receiver from 25kW

The project aims to validate the French transportation Ministry's research report that ERS* can reduce CO2 emissions from road freight by

First phase in executing France's National plan to deploy ERS at scale

~5,000 km by 2030 ~9,000 km by 2035

86%

Preliminary test result: Transforming 218 kW**

Partners:

*ERS: Electric Road System

**3 Receivers

defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. The financial data presented herein has not been reviewed or audited.

22 Additionally, the presentation includes key performance indicators (KPIs) that have not been examined by the Company's auditors, and the methodology for their calculation is detailed at the end of this presentation.

Electreon's fleet management solution for Electra Afikim

Wireless charging stations at depots

Scope of the project

fully-underground infrastructure

Operational achievements

Range extension per bus uptime 100 km

3 second coupling

Electreon's Urban Mobility Solution (based on MOU with Castel Taxis)

Stationary charging in taxi queue

Project scope

24

~50 taxis in phase 1 up to 100 in phase 2

50+ wireless charging spots across Tel Aviv

Operational achievements 40%

extended range *

~2200 tons

annual CO2 savings for a fleet of 50*

Finance optimization

~\$12K savings in annual electricity vs. fuel costs per vehicle*

\$600K savings for a fleet of 50 taxis

*Calculations are linked at the end of the presentation

This slide presents a possible and non-binding scenario. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. Such information includes, among other things, goals, forecasts, targets, assessments, and/or estimates relating to future events and/or matters, the realization of which is uncertain. These may be influenced, among other things, by factors beyond the company's control and which the company cannot predict in advance, or by the occurrence of any of the risk factors described in Section 31 of the annual report. Also, The financial data presented herein has not been reviewed or audited. Additionally, the presentation includes key performance indicators (KPIs) that have not been examined by the Company's auditors, and the methodology for their calculation is detailed at the end of this presentation.

Financial Overview

Leveraging technology for sustainable growth Revenue prediction for 2025

Year-over-year revenues

Total Revenue (in Millions of NIS)

This slide presents a possible and non-binding scenario for 2024 and onwards. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. Such information includes, among other things, goals, forecasts, targets, assessments, and/or estimates relating to future events and/or matters, the realization of which is uncertain. These may be influenced, among other things, by factors beyond the company's control and which the company cannot predict in advance, or by the occurrence of any of the risk factors described in Section 31 of the company's annual report for 2023. In addition, the financial data presented in this slide has not been reviewed or audited, and, similarly, constitutes forward-looking information. These figures are based on the company's current estimates and assumptions and are subject to uncertainty. Actual results may differ from the projections due to various factors, including those beyond the company's control.

Production capabilities

Mass production in China

• Qualified, approved vendor
• First shipment passed QA

Scaling & Infrastructure

• Increasing capacity to meet rising demand
• Up to 100 km of dynamic charging 2025
• Up to 1.8K stationary charging units

Distributed production

• Multiple locations: China, Germany, India
• Enhanced flexibility & risk management

This slide presents a possible and non-binding scenario for 2024 and onwards. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. Such information includes, among other things, goals, forecasts, targets, assessments, and/or estimates relating to future events and/or matters, the realization of which is uncertain. These may be influenced, among other things, by factors beyond the company's control and which the company cannot predict in advance, or by the occurrence of any of the risk factors described in Section 31 of the company's annual report for 2023. In addition, the financial data presented in this slide has not been reviewed or audited, and, similarly, constitutes forward-looking information. These figures are based on the company's current estimates and assumptions and are subject to uncertainty. Actual results may differ from the projections due to various factors, including those beyond the company's control.

Production capabilities & cost reduction

Production capabilities and costs

This slide presents a possible and non-binding scenario for 2024 and onwards. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. Such information includes, among other things, goals, forecasts, targets, assessments, and/or estimates relating to future events and/or matters, the realization of which is uncertain. These may be influenced, among other things, by factors beyond the company's control and which the company cannot predict in advance, or by the occurrence of any of the risk factors described in Section 31 of the company's annual report for 2023. In addition, the financial data presented in this slide has not been reviewed or audited, and, similarly, constitutes forward-looking information. These figures are based on the company's current estimates and assumptions and are subject to uncertainty. Actual results may differ from the projections due to various factors, including those beyond the company's control.

28

83.3M NIS signed project in 2023-2024

29

This slide presents a possible and non-binding scenario for the months until the end of 2024. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. Such information includes, among other things, goals, forecasts, targets, assessments, and/or estimates relating to future events and/or matters, the realization of which is uncertain. These may be influenced, among other things, by factors beyond the company's control and which the company cannot predict in advance, or by the occurrence of any of the risk factors described in Section 31 of the company's annual report for 2023. In addition, the financial data presented in this slide has not been reviewed or audited, and, similarly, constitutes forward-looking information. These figures are based on the company's current estimates and assumptions and are subject to uncertainty. Actual results may differ from the projections due to various factors, including those beyond the company's control.

Predicted signed projects

2023-2024

\$27M This slide presents a possible and non-binding scenario. As such, it includes, among other things, forward-looking information, as defined in the Securities Law, which is based on the company's management estimates made using the information and data available to management at the time of the report. Such information includes, among other things, goals, forecasts, targets, assessments, and/or estimates relating to future events and/or matters, the realization of which is uncertain. These may be influenced, among other things, by factors beyond the company's control and which the company cannot predict in advance, or by the occurrence of any of the risk factors described in Section 31 of the company's annual report for 2023. In addition, the financial data presented in this slide has not been reviewed or audited, and, similarly, constitutes forward-looking information. These figures are based on the company's current estimates and assumptions and are subject to uncertainty. Actual results may differ from the projections due to various factors, including those beyond the company's control.

\$65M

2025

Thank you.

Presentation quotes and calculations

"The global shift to electric vehicles" slide 5: https://www.iea.org/data-and-statistics/data-tools/global-ev-data-explorer

" Total Addressable Market for wireless charging by 2030 " Slide 6

2030 EV fleet sizes:

• Passenger EVs: Estimated at 224 million globally by 2030, based on both PHEV and BEV estimates and excluding e-taxis, whose fleet size estimation is below. Source: International Energy Agency (IEA), 2024 Global EV Data Explorer , link)."*
• Delivery Vans/LCVs: Estimated at 13 million by 2030, based on an average of conservative projections of 12 million and more liberal estimates of 14 million. Source: International Energy Agency (IEA), 2024 Global EV Data Explorer, link)
• E-Buses: Projected fleet size of approximately 2.8 million by 2030. This figure is an average, considering conservative estimates of 2.6 million and more optimistic projections of around 3 million. Source: International Energy Agency (IEA), 2024 Global EV Data Explorer, link)
• E-Taxis: To estimate the global fleet size of e-taxis by 2030, we relied on data from Bloomberg NEF (BNEF) and the International Energy Agency (IEA). Based on BNEF's analysis, approximately 5% of passenger EVs on the road were estimated to be e-taxis in recent years. Applying this percentage to IEA's 2030 projection of 236 million passenger EVs results in an estimated 12 million e-taxis globally by 2030. This methodology is based on historical data trends and aligns with industry projections for the growth of electric taxis and ride-sharing vehicles.
• Market opportunity estimates are based on the amount of vehicles of the above sources, multiplied by the companies selling price per product segment and business model
• ERS services and maintenance of \$21.8B are based on the announced ERS deployment milestones for 2030 by European countries and estimates on EV roadway usage by those countries' traffic and transportation authorities.

Links to analyst quotes slide 9:

Financial Times Gartner Forbes

Sources and Calculations

Links to OEM wireless charging solutions slide 10:

Mercedes Quote

Tesla:

https://www.notateslaapp.com/news/2256/tesla-wireless-charging-pad-to-feature-automatic-docking Nissan:

https://www.nissan-global.com/EN/INNOVATION/TECHNOLOGY/ARCHIVE/WCS/

BMW:

https://www.youtube.com/watch?v=GlrcPrzuPMM&ab\_channel=BMW

Volvo wireless:

https://www.media.volvocars.com/us/en-us/media/pressreleases/295720/volvo-cars-tests-new-wireless-charging-technology''

Hyundai:

https://newsroom.genesis.com/genesis-g90-and-wireless-ev-charging-system-recognized-at-idea-2022/#

About the strategic investment slide 15:

IEA https://www.iea.org/data-and-statistics/data-tools/global-ev-data-explorer Statista https://www.statista.com/statistics/200002/international-car-sales-since-1990/

Calculations for "Electreon's Integrated solution for urban & depot" slide 20

*Multi-modal: mixed vehicle types and mixed public, shared and business vehicle types all utilizing the same charging infrastructure

**50kW × 0.25 hours = 12.5kWh 12.5 kWh is ~20% of 60 kWh, the daily energy need

Vehicles likely drive up to 60 km/40 mi per day, and the assumption is that if they have a 1 kWh/km consumption, the daily energy requirement is 1 x 60 = 60 kWh.

Grid reduction calculation: We can estimate the grid connection requirement at the depot can be reduced by 20% since the energy comes from our on-route stationary charging.

Sources and Calculations

Calculations for "Trondheim (Norway) solution & potential with Electreon's on route charging", slide 21

*1600 kWh initial bus battery size 1600 kWh – 400 kWh = 1200 kWh - reduced battery size ** Estimated battery cost per kWh: \$200 1200 kWh x \$200 = \$240K savings per bus ***1200 kWh × 8 kg per kWh battery = 9600 kg weight reduction per bus **** 240K * 58 buses = \$13.9 potential savings

"Charge as you drive", Slide 22

Link to research

Calculations for "Electreon's Urban Mobility Solution for Castel Taxis", slide 24

*2H of wireless charging per shift adds 30 kWh, with 5 km per kWh efficiency, extending the range by 150 km. average shift 350 km 150/350=42%

**200 grams of CO2 per km * 350 km per shift * 624 shifts per year = 43.68M grams of CO2 saved per taxi per year* 50 = ~2200 tons.

*** Cost to run electrically: (200K km / 5 Km/kWh) x 0.25Euro/kWh = 40K Kwh*0.25 Euro/kWh = 10K Euro

Cost to run on fuel (200K km / 14 km / liter) x 1.45 Euro/liter = 14.3K litter x 1.45 Euro/liter = 20.7K Euro Saving 10.7K Euro = \$11.8K per month)