Fastned B.V.

Investor Presentation • Apr 16, 2024

Fastned increased sales by 51.9% and boosted its location pipeline in the first quarter

Amsterdam,16 April 2024. Fastned, the European fast charging company, grew revenue by 42.1 %,reaching €18.9 million.In the first quarter, Fastned delivered 31.4 GWh (+51.9% vs. Q1 2023) to more than 389 thousand active customers (+61.9% vs. Q1 2023), and outgrew the EV stock again, which grew by 43%. To cater for the growth of the charging market and to continue offering its awarded charging experience to more EV drivers, Fastned aims to build 38 to 53 new stations in 2024. Year-end 2025,it expects to have a total of 420 to 450 operational stations. Fastned expects to fund the full 2024 and 2025 rollout based on previous equity raises with institutional investors and from upcoming retail bond issuances.

	Q1 2024	Q1 2023
Renewable energy delivered (GWh)	31.4 (+51.9 %)	20.7
Charging sessions (millions)	1.2 (+44.4%)	0.87
CO2 avoided (kilotonnes)	30.3 (+51.9%)	16.2
Revenue (millions)	€18.9 (+42.1%)	€13.3
	Total(end of Q1)	Added in Q1 2024
Operational Stations	307	11
1 Secured locations	483	52

A snapshot of Fastned's performance during Q1 2024

"The rapid growth of active customers and the number of charging sessions on our network undoubtedly shows that our concept, building large and visible stations in high-traffic locations, continues to pay off. The electric transition is well underway, and as one of Western Europe's top 3 fast charging companies, we are proud to drive it. I believe that promoting regulations, incentives, and taxation is the only way for Europe to ensure a sustainable shift. This is why there is a lot at stake in the upcoming European elections. The outcome will define Europe's future competitiveness as a global player. Electrification of road transportis the technologically sound, environmentally sustainable and economically

¹ Any location for which Fastned has acquired a rightto run a charging business, with a contract signed ortender won, including operational stations

sensible choice forthe future of mobility in Europe. At Fastned, we are committed to contributing to this vision by expanding our network of high-quality,fast-charging stations throughout Europe." Michiel Langezaal, CEO Fastned

We continued on our growth path

• With over 31.4 GWh delivered (+51.9% vs. Q1 2023), our revenue grew to €18.9 million (+42.1 vs. Q1 2023).
• Increased gross profitto €14.7 million (+56.4% vs. Q1 2023).
• The EV stocks across our operational markets were up 43% compared to the same period last year 2 . Fastned continues outgrowing the EV fleet growth.
• As the company continues its growth, Fastned now categorises as a large business according to EU definitions.

We are securing more high traffic locations and continue to expand our network

• In total during the period, Fastned secured 52 new high traffic locations (37 in Germany, 5 inBelgium, 3 in France, 3 in Spain, 2 in The Netherlands, 2 in Italy), bringing the total pipeline to 483 secured locations.
• In February, Fastned announced winning a lotfor 34 highway service areas in the Deutschlandnetz tender. The newly won sites add up to the 92 search areas which Fastned won back in 2023. These wins supportthe tripling of Fastned's network in Germany.
• Additionally, Fastned is actively investigating tenders in Poland as part ofits New Markets strategy.
• Fastned opened 11 new stations to its network this quarter: 5 in the Netherlands, 4 in Belgium and 2 in the United Kingdom. Fastned counted 307 operational stations across seven countries atthe end ofthe quarter.

We build a community focused on sustainable driving and energy transition

• 389,007 active customers (+61.9% vs. Q1 2023) charged their cars 1.25 million times (+44.4% vs. Q1 2023) on Fastned's network.
• More people choose Fastned as a sustainable investment. In January 2024, Fastned raised €24.4 million in new bonds and €3.5 million in extended bonds.
• Fastned announced signing a partnership with the international lease company Arval. This new partnership will secure a smooth charging experience for hundreds ofthousands of EV drivers across Europe.

² Source: ACEA, figures apply for January and February 2024 and compare to January and February 2023, EV stock growth is a sales-weighted average across Fastned's operating footprint

● Atthe end of 2023, Fastned signed its first multi-year Corporate Power Purchase Agreement(CPPA) in the Netherlands with GLP, a leading global logistics and data centre real estate developer, with a strong focus on renewable energy. The delivery ofthe energy commenced in February 2024.

Looking ahead

• The charging marketis going through a transition phase. Whilstthe EU Commission is drafting a proposalto accelerate the transition of companies' car fleets to EVs, governments are reassessing their approach to sustainable mobility given its growing scale and maturity and are moving from subsidy schemes in the initiation phase to norm-based incentive systems. This causes some volatility in EV sales in the short-term. The European elections provide an opportunity forfurther acceleration ofthe electric transition.
• Despite facing challenges in certain markets, we are confidentin the continued accelerated growth ofthe charging market. One ofthe reasons is the long-term beliefin EVs as a more sustainable and more advanced technology in comparison to the internal combustion engine. The ongoing improvements in battery prices and technology are closing the price gap between fossil cars and EVs at or beyond price parity, significantly accelerating the transition to electric mobility. The main driver of our charging marketis the rapid growth ofthe EV fleet on Europe's roads. Prospects for sales in 2024 and beyond remain positive as EV fleet penetration is expected to more than double by 2026 and increase five-fold by 2030.
• Ambitious and sound regulations to build the charging infrastructure are crucial in the acceleration ofthe transition. The AFIR 3 is already leading to more charging infrastructure along European motorways. This is supplemented with initiatives on a more local basis by municipalities or local governments thinking about how to develop the needed charging infrastructure. Fastned continues to support such initiatives and in doing so advocates for open and competitive tenders to realise such infrastructure.
• Some delays in large tenders last year in combination with grid congestion challenges will impact our building pace in 2024. However,the 52 signed locations in the first quarter of 2024 provide the basis forthe desired construction pace of100+ locations per year.With our secured pipeline hitting 483 locations,the construction pace in 2025 will be higher and our network will reach 420 to 450 stations operational by year-end.

³ Alternative Fuel Infrastructure Regulation -

https://www.consilium.europa.eu/en/press/press-releases/2023/07/25/alternative-fuels-infrastructure-coun cil-adopts-new-law-for-more-recharging-and-refuelling-stations-across-europe/

● Fastned continues to investin growing its team oftalented people as we continue to expand our network and grow our company. We expectto double the organisation overthe nexttwo years. It's these people who will use theirtalents and creativity to grow the company and reach the milestone of1,000 stations in 2030.

Our guidance:

• Network growth
  • 335 to 350 stations operational by year-end 2024
  • 420 to 450 stations operational by year-end 2025
  • Target of1,000 stations before 2030
• Financial performance
  • Revenue per station >€400k in 2025 and >€1m in 2030
  • Operational EBITDA margin >40% by 2025
  • Underlying company EBITDA positive in 2024

There will be a webcast aboutthis Q1 2024 trading update today,16 April,from 11:00am to 12:00pm CET. To join the webcast, please click here to register. You can find today's investor presentation as well as earlier financial publications here.

About Fastned

Fastned is on a mission to accelerate the transition to electric mobility. Since 2012, we've been at the forefront of European charging infrastructure development, building and operating a rapidly growing network of iconic fast charging stations. Our yellow, nature-inspired stations create a welcoming environment for drivers during the 15 minutes it takes to charge up to 300 km of range. By offering Europe's most reliable, convenient, and joyful charging experience, we aim to inspire millions to drive on solar and wind energy so that together we can curb climate change. Fastned is listed at Euronext Amsterdam (AMS: FAST).