Voltabox AG

Earnings Release • Aug 17, 2023

VOLTABOX® INTERIM REPORT

AS OF JUNE 30, 2023

Letter from the Management Board

Dear Shareholders, customers, business partners, employees,

The pace at which Voltabox, and in particular our subsidiary GreenCluster, is developing continues to be breathtaking.

In the first half of the year we have fully met our expectations. In the coming six months, we will continue to intensify and expand our activities. In addition, we are currently preparing the further development of the company in 2024.

At present, the focus is on broadening the range of products and services, identifying new sources of revenue and concluding new framework supply agreements. We can already see that Voltabox is once again in a position to receive orders from large corporations.

At the same time, we are establishing and stabilizing the various necessary processes throughout the entire organization, which is defacto still young and under development. It is therefore all the more gratifying that what we have achieved so far has given us the opportunity to grow significantly this year without incurring losses. This means that our goal of breaking even in the current fiscal year remains possible. And we want to continue the positive development of the company in 2024. We are currently working intensively

on our plans for the coming year, which we will communicate in the fall of this year.

In the VoltaMobil business unit, we recently signed a major framework agreement for the production of 1,000 batteries for a light commercial vehicle. We are also pleased to have secured a major framework agreement in our target market of construction equipment, for which we expect to start volume production later this year. The agreement covers the production of 250 large batteries for construction vehicles.

We are gradually expanding our market presence. We have recently evolved at three levels from our original role as a supplier of proprietary products. Voltabox and its units no longer only develop and produce, but also meet market demand with customized solutions based on third-party products. The underlying strategic goal is to expand the industrial battery and renewable energy businesses and reduce dependence on individual sales channels.

The following table illustrates how we will align the Voltabox Group's business model in the future:

	Supplying	End customer sales
Third-party product	Production services, focus and build-up since 2023	Use of renewable energies through PV solutions (GreenCluster) since 2022
Own product	High-voltage battery systems for industrial applications (Voltabox) since 2014	Product developments initiated, go-live 2023/2024

2

In the past year, we have rapidly established end customer sales of third party products through our young subsidiary GreenCluster. We are currently focusing on developing our own products for direct sales to end customers. This is the first time we have entered the B2C sector, where Voltabox can also be seen as a product. This creates synergies and new growth potential. We have already launched the first Voltabox product, the VoltaStore 1.0, a 5.4 kWh energy storage unit on wheels that can bridge a lack of grid power or be used as a mobile battery.

At the same time as the steady expansion of our activities, we are also increasing our visibility in the market and thus in the public eye. In June, for example, we attended a trade show for the first time in five years. Our appearance at ees Europe, the largest trade fair for batteries and energy storage in Europe, was a complete success. There, the Voltabox team was able to present the new product portfolio and show how Voltabox is actively shaping the future of industrial electromobility and the use of renewable energies. Our sales experts and account managers are still busy processing the more than 500 concrete inquiries. The first resulting orders are currently being processed.

Even an obligatory event, which we always look forward to, helped us to raise our profile again this year - and above all to do so in a different way than in the previous three years. This year's Annual General Meeting of Voltabox AG took place physically for the first time since the Corona pandemic. We presented our developments, successes and challenges and strengthened the

confidence of our shareholders in our future direction. The fact that we have been part of the internationally oriented and operating Sunlight Group since the first half of the year opens up completely new perspectives and opportunities for us to enter new markets.

It is clear that we have many important, challenging and exciting topics on our agenda. The projects and priorities are consistently aligned with the needs of the market. Implementation is currently on schedule. We will continue to work to achieve reliable results and meet our ambitious forecasts. Voltabox is growing extremely dynamically - by around 400 percent this year, as planned. Not every path we take will be realized. But I am convinced that we are on the right track. Due to the many parallel growth areas, we are constantly adapting and optimizing the business model as the company develops.

I would like to express my sincere thanks to our dedicated employees, without whom Voltabox's healthy course would not be possible, for their great commitment and the successes we have achieved. I would also like to thank our shareholders and business partners for the trust they have placed in us.

Patrick Zabel

CEO, Voltabox AG

With the power of the brand

Voltabox and GreenCluster expand their partner network with renowned companies

GreenCluster's partner network has grown with renowned companies in the first half of the year. With the listing as exclusive distribution partner for the world's leading solar module manufacturer TrinaSolar, the subsidiary of Voltabox has laid the foundation for a strong market positioning and attractive pricing. Now, GreenCluster has added two more well-known manufacturers to its "Preferred Supplier Portfolio".

JA Solar has been on the market since 2005 and has become one of the leading manufacturers of high-performance photovoltaic products in China. The company produces wafers, PV cells, PV modules and PV power plants in a total of 11 production facilities. In addition, JA Solar has more than 25 branch offices in over 100 countries. By joining the circle of exclusive distributors, GreenCluster expands its offer to its customers with new types of modules and, above all, increases the supply guarantees to serve the dynamic market.

GreenCluster has also secured access to the Viessmann solar module range. The renowned family-owned company, which is over 100 years old, has been a fixture in the PV industry for years. While the company, headquartered in Allendorf (Eder), Germany, is best known for its heating products and especially for its recently sold heat pump business, the portfolio of the enterprise also includes a comprehensive range of products for PV and solar solutions and, of course, battery storage.

In the future, GreenCluster will be able to draw on two more well-known PV module suppliers, offering its customers a unique product selection.

Going forward, battery storage systems from industry leaders will add to this diversity. For example, GreenCluster recently became a partner of battery storage manufacturer TesVolt. "This gives us access to TesVolt's proven range of commercial and industrial storage solutions,

which means we can guarantee our customers the highest quality from one of the leading suppliers," explains Patrick Zabel, CEO of Voltabox.

The cooperation with Beck Automation is also taking shape. Together with the Würzburg-based company, Voltabox is developing projects for stationary energy storage systems.

"We are closely oriented to the requirements of the market and are on a very good path in the development of the project. As soon as the first product is ready for the market, we will present and explain its features and applications,"

Patrick Zabel, CEO Voltabox AG

Trinasolar TESVOLT VIESMANN JASOLAR BECK AUTOMATION

One system on the roof, many customers

GreenCluster Introduces Tenant Power Model That Enables Solar Power Sharing

Direct solar energy to where it is needed instead of wasting resources or selling energy on the market at rock-bottom prices. GreenCluster now offers a solution for this. The company is expanding its service offerings and contributing to a sustainable and efficient energy future in multi-party buildings.

Gone are the days when solar power had to be generated exclusively by one's own photovoltaic system. In the future, GreenCluster will offer a so-called tenant power model, which makes it possible to share solar power with several households. This means that even residents without their own photovoltaic system can use clean and environmentally friendly electricity. This advance is made possible by a clever combination of state-of-the-art hardware and software that calculates the excess power generated and determines the energy needs of neighbors. In this way, excess energy can be efficiently distributed to different households.

At the heart of the tenant power model is software-based control of energy flows. Households are connected via private lines that are managed by intelligent control algorithms. These algorithms ensure that only excess energy is transferred between households, and only in the quantities needed. An accurate energy meter continuously monitors the flows to ensure that everything runs smoothly. Importantly, this model operates independently of the public power grid, further contributing to stability and reliability.

Adopting this sharing approach to solar power has many benefits. One of the biggest is undoubtedly the more efficient use of renewable energy. The lease-to-rent model allows tenants to meet their clean energy needs, while homeowners can sell the locally generated electricity to their tenants. This not only reduces energy costs for tenants, but also increases the value of the property.

GreenCluster's tenant power model is an important step for the young company, which is focused on making a significant contribution to a more sustainable energy future. The innovative technology allows renewable energy to be used more efficiently, which is another step towards making alternative energy generation more attractive than conventional, CO2-intensive power generation, while at the same time reducing energy costs for consumers.

Out of the shadows

Voltabox presents new product portfolio at first trade show appearance in five years

Europe's largest international trade fair for batteries and energy storage systems, ees Europe, attracted numerous visitors to Munich again this year. The Voltabox team was also there for the first time and presented itself to the experts on a stand of over 100 square meters.

Under the motto "Innovating Energy Storage", manufacturers, dealers, project developers and other experts gathered from June 14th to 16th to learn about the latest developments and solutions in the field of renewable energy storage. Voltabox used the exhibition to present the new performance of its product portfolio for the first time.

The Voltabox slogan "WE ARE HIGH VOLTAGE", visible from afar, symbolized the motivation of the entire Voltabox team. Finally, the result of the work and efforts of the past months could be presented as a whole and presented to the public live and in color. Voltabox presented itself with confidence - well equipped to actively shape the future of energy storage.

The exhibited products and solutions left a lasting impression on the audience. In particular, the prototype of a solar carport with an electrified all-wheel drive commercial vehicle from the young, up-and-coming Munich-based vehicle manufacturer EVUM Motors as the technology carrier attracted attention. Equipped with solar modules, an integrated inverter and two 22 KW wall boxes, a simple shelter becomes an environmentally friendly, independent energy supplier - with a high-voltage traction battery installed in the vehicle as a potential consumer. In this way, the new product and business strategy priorities were clearly linked.

Another focus was on stationary storage, of which Voltabox showed two versions at the fair. In this way, the company underlined its ambition to complement its position in traction batteries with services related to storage applications for commercial and industrial purposes.

At ees Europe, Voltabox once again demonstrated its position as a pioneer in the energy storage industry. Accordingly, the company's management considers the participation at the trade show as a great success. This was demonstrated by the high level of interest and demand for Voltabox technologies and products, applications and delivery capabilities. An all-round successful comeback for Voltabox at its first trade fair participation in five years.

VOLTABOX

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Wir haben den passenden Speicher für Ihre Bedürfnisse. Von 50 kWh bis 25 MW.

Flexibel, skalierbar, individuell. Beratung und Abschluss durch eigenes Team bundesweit möglich.

Nothing replaces face-to-face contact

First post-pandemic AGM is well attended and marked by lively exchange

For the first time in three years, Voltabox AG welcomed its shareholders in person at this year's Annual General Meeting. After years of virtual AGMs due to the pandemic, the Voltabox team was delighted that so many shareholders accepted the company's invitation to its headquarters in Paderborn. A total of 64.77% of the share capital was represented - an impressive figure after the significantly lower attendance at the physical AGMs in the pre-Corona era.

CEO Patrick Zabel used the opportunity to give the shareholders a comprehensive overview of the current business development of Voltabox AG. The focus was on current developments and recent strategic decisions. However, it also became clear what had been necessary in recent months to stabilize the company and give it a chance for a successful future. The year 2022 had been marked by strategic realignments, production relocations and challenges due to material shortages. Special attention was also paid to the rapid establishment of the VoltaStore business unit as part of the creation of GreenCluster - a subsidiary specializing in complete PV solutions and the trading of solar modules.

The Board also addressed the significant change in Voltabox's shareholder structure that took place in 2023. With the transfer of the largest block of shares from Trionity Invest GmbH to Triathlon Holding GmbH, Voltabox now also belongs to the Sunlight Group, a global leader in the battery sector. Patrick Zabel emphasized the resulting dynamic growth opportunities and attractive opportunities in the markets.

The shareholders expressed their confidence in the Management Board and the Supervisory Board with a large majority and discharged them. Patrick Zabel emphasized that work on the corporate structure will continue and that Voltabox's new role within an international industrial battery group will open new doors.

The AGM also dealt with topics such as the 2022 remuneration report and the appointment of an auditor for 2023. Resolutions were passed to amend the Articles of Association to comply with the Shareholder Rights Directive (ARUG II), to enable virtual general meetings and to strengthen the equity base. All items on the agenda received the required majority of the share capital represented.

"Our new business unit is performing extremely well. We have made enormous efforts over the past year to get to where we are today. Above all, this meant stabilizing the company and developing a sustainable, profitable business model." Patrick Zabel, CEO Voltabox AG

This year's Annual General Meeting of Voltabox AG marked a new beginning in direct communication with the company's shareholders. The feedback showed that it was the right step to intensify open and transparent communication with shareholders. And both the company and its shareholders assured each other that there is great interest in a strong and successful future for Voltabox AG.

Business performance

The first six months of the fiscal year were in line with the Management Board's expectations. Voltabox has thus achieved its revenue targets for the first half of the year, compared to the issued guidance and assuming an even distribution of business development. With regard to the guidance issued to reach break-even in fiscal year 2023, the Management Board still expects to be able to generate positive earnings effects in the second half of the year and thus achieve the corresponding earnings forecast.

Both business units have contributed to this positive business development to date. The VoltaStore business unit's operations in the trading and installation of PV modules have been particularly dynamic. Disruptions in the supply chains are no longer an excessive burden. Nevertheless, there are still delays in the supply of materials, and in particular the still high level of inflation poses a challenge to the procurement of materials at adequate prices.

In this environment, Voltabox generated sales of € 5.8 million in the first half of the year (prior year: € 0.3 million). In addition to the aforementioned revenues in the VoltaStore business unit from successful project implementations in the area of energy generation and storage as well as from trading activities with PV modules, the VoltaMobil business unit also contributed to the result with revenues from the sale of lithium-ion batteries to customers in the bus, agricultural and construction sectors.

The Management Board remains satisfied with the development of the earnings situation, especially against the background of the company's dynamic development and the resulting uncertainties in planning as well as marketrelated burdens, especially with regard to procurement at relatively high price levels.

Assets, Financial Position and Earnings

Earnings of the Voltabox Group

The Voltabox Group's total operating performance in the first six months amounted to € 6.7 million (prior year: € 0.9 million). This is influenced by other operating income of € 0.9 million (prior year: € 0.3 million), which is mainly attributable to the reversal of provisions, specific bad debt allowances and tax refunds. With cost of materials of € 4.7 million (previous year: € 0.1 million), gross profit amounted to € 1.9 million (previous year: € 0.9 million). The significant share of total revenues accounted for by the Trading Division in the first half of the year had a major impact on the gross profit. Accordingly, the cost of materials ratio (calculated as the ratio of cost of materials to sales and changes in inventories) remained relatively high at 81.9% (previous year: 31.3%), while the gross profit ratio was 33.4% (previous year: 313.6%). Personnel expenses of € 1.0 million (previous year: € 0.5 million) and the corresponding personnel expenses ratio of 16.9% (previous year: 181.6%) are low, particularly in comparison with the previous year. Other operating expenses of € 1.4 million (previous year: € 1.8 million) relate in particular to administrative expenses.

Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to € -0.4 million (previous year: € -1.4 million), corresponding to an EBITDA margin of -7.2% (previous year: -513.6%). Depreciation of property, plant and equipment and amortization of intangible assets of approximately € 0.1 million (previous year: € 0.3 million) were in line with budget. On this basis, earnings before interest and taxes (EBIT) amounted to € -0.5 million (previous year: € -1.7 million), which corresponds to an EBIT margin of -9.4% (previous year: -611.0%).

After an almost negligible financial result and income taxes not incurred, the consolidated net income for the first six months amounted to € -0.6 million (previous year: € -1.7 million). On this basis, earnings per share amount to € -0.03 (previous year: € -0.10).

Net Assets of the Voltabox Group

The assets of the Voltabox Group decreased to € 5.1 million as of the balance sheet date (December 31, 2022: € 6.6 million), primarily due to the decrease in other assets and trade receivables.

Non-current assets increased to € 1.7 million (December 31, 2022: € 1.0 million) as a result of the first-time capitalization of acquired intangible assets in the amount of € 0.5 million and a slight increase in property, plant and equipment to € 0.7 million (December 31, 2022: € 0.5 million) due to investments in office equipment. Intangible assets were built up for the purpose of implementing a development project in the field of high-voltage battery technology. The development partner is a third-party company.

Current assets declined by € 1.1 million to € 3.5 million (December 31, 2007: € 5.6 million). This is mainly due to the significant decrease in other assets to € 0.4 million (December 31, 2022: € 2.3 million) as a result of the impairment of the financial investment in ForkOn GmbH at the end of 2022. Inventories for the increasing business volume in the VoltaStore business unit were further built up in the first half of the year and amounted to € 1.3 million as of the balance sheet date (December 31, 2022: € 0.8 million). Trade receivables were also reduced in the second quarter to € 0.9 million (December 31, 2012: € 1.7 million). Cash and cash equivalents rose slightly compared to the end of the year to € 0.9 million (December 31, 2022: € 0.8 million).

On the liabilities side, long-term lease liabilities were up slightly to € 0.3 million as of the balance sheet date (December 31, 2022: € 0.2 million). Current provisions and liabilities were reduced in the second quarter to € 3.7 million (December 31, 2022: € 4.7 million). This was mainly due to the decline in other current liabilities, which mainly comprised trade payables and - despite a further increase in the second quarter - now amount to only € 0.7 million (December 31, 2022: € 2.7 million). On the other hand, liabilities to related parties grew from € 1.4 million to € 1.5 million (December 31, 2022: € 0.1 million). This is the result of the previously announced refinancing of the purchasing activities of the parent company Triathlon Holding GmbH. Due to the reversal of provisions, these have now decreased to € 0.7 million (December 31, 2022: € 0.8 million) after an increase in the first quarter.

The equity of the Voltabox Group amounted to € 1.2 million as of the balance sheet date (December 31, 2002: € 1.7 million).

Financial Position of the Voltabox Group

Cash flow from operating activities was positive in the reporting period at € 0.8 million (previous year: € -1.5 million). This development was mainly due to the improvement in earnings compared to the previous year, the increase in trade receivables by € 1.5 million and the increase in trade payables by € 0.5 million. Cash flow from operating activities was negatively impacted by a € 0.6 million increase in inventories.

Cash flow from investing activities includes CAPEX investments in property, plant and equipment of approximately € 0.2 million (previous year: € 0.0 million) and in intangible assets of approximately € 0.5 million (previous year: € 0.0 million). Cash flow from financing activities

only includes insignificant payments for the repayment of lease liabilities. In the previous year, the Group recorded cash inflows from a capital increase (previous year: € 1.9 million).

Accordingly, free cash flow was slightly positive at € 0.1 million (previous year: € -1.7 million).

Control System

The Management Board of Voltabox AG regularly compares its strategy with the actual business development. In target discussions, the resulting follow-up activities are determined at management level and optimization measures or fundamental changes in direction are initiated.

Voltabox AG has a planning and controlling system. This includes, among other things, the continuous monitoring of monthly and annual planning. The Management Board and the Supervisory Board of Voltabox AG receive detailed reports on the basis of regular reporting on the development of business. These reports document any deviations from the planned figures in a target/actual comparison and form the basis for entrepreneurial decisions.

Opportunity and Risk Report

In the first six months of the 2023 fiscal year, there have been no significant changes compared with the opportunities and risks described in detail under "Opportunity and Risk Report" in the 2022 Annual Report. The 2022 Annual Report is available on the internet at www.voltabox.ag under Investor Relations / News & Publications / Annual Financial Reports.

Contingent Liabilities and Legal Matters

The Management Board of Voltabox AG is not aware of any material contingent liabilities pursuant to § 251 German Commercial Code (HGB).

Business Transactions with Related Parties

The Management Board of Voltabox AG is not aware of any significant business transactions with related parties that had a material influence on the Company.

Events after the Balance Sheet Date

No events with a particular impact on the net assets, financial position and earnings of the Voltabox Group occurred after June 30, 2023.

Forecast Report

In the combined management report for the 2022 fiscal year, the Executive Board explained the key factors for the forecast for the current 2023 fiscal year. Based on the good operational development in the first half of the year and the outlook based on the order backlog in the VoltaMobil and VoltaStore business units, the Management Board is confident that the forecast for the full year will be achieved. Initially, the greater growth momentum will continue to be in the area of reselling and installing PV solutions.

The Management Board continues to regard the general conditions for achieving the ambitious growth as challenging. Due to the volatility underlying the agile development of the young business units that are currently being established, it is difficult to specify the planning. The subsidiary GreenCluster, which currently accounts

for a significant share of the Group's revenue through the trading and installation of PV solutions, is continuously strengthening and expanding its market position. However, the recent slight decline in inflation, which remains high, is having a dampening effect on business. At the same time, the economic environment continues to be characterized by uncertainty.

Taking these factors into account, the Management Board expects annual revenue of around € 12.8 million and a balanced EBITDA margin of around 0.0%. As regularly emphasized in the past, the Management Board attaches more importance to the EBITDA target than to the revenue target. As a result, management is selectively adjusting its focused activities to take advantage of opportunities to increase profitability. Of course, the forecast is subject to the proviso that no significant burdens arise from distortions in the geopolitical and immediate economic environment that could slow down the dynamic development of Voltabox.

Development of Key Performance Indicators:

In €'000 / as indicated	2022	Since beginning of year/ 6 months	Forecast Fiscal Year 2023 as of: April 27, 2023
Financial Performance Indicators
Group Revenue	2,983	5,775	approx. € 12.8 million
EBITDA (Margin)	-77.1%	-7.2%	approx. 0.0%

Condensed Consolidated Interim Financial Statements

Consolidated Statement of Comprehensive Income

for the period from January 1 to June 30, 2023 (IFRS)

In €'000	Jan. 1 to June 30, 2023	Jan. 1 to June 30, 2022	Apr. 1 to June 30, 2023	Apr. 1 to June 30, 2022
Group revenue	5,775	272	2,754	64
Other operating income	885	666	855	323
Increase or decrease in inventories of finished goods and work in progress	0	0	-80	0
Other own work capitalized	0	0	0	0
Total operating performance	6,660	938	3,529	387
Cost of materials	-4,729	-85	-2,242	-5
Gross profit	1,931	853	1,287	382
Personnel expenses	-977	-494	-562	-294
Depreciation and amortization of property, plant and equipment and intangible assets	-127	-265	-48	-109
Other operating expenses	-1,369	-1,756	-915	-227
Earnings before interest and taxes (EBIT)	-542	-1,662	-238	-248
Financial income	0	0	0	0
Finance expenses	-24	-42	-15	-26
Financial result	-24	-42	-15	-26
Earnings before taxes (EBT)	-566	-1,704	-253	-274
Income taxes	0	0	0	0
Consolidated net income	-566	-1,704	-253	-274
Earnings per share in € (basic)	-0.03	-0.10	-0.01	-0.02
Earnings per share in € (diluted)	-0.03	-0.10	-0.01	-0.02
Average number of shares outstanding (basic)	18,705,849	16,375,815	19,148,249	16,920,577
Average number of shares outstanding (diluted)	18,705,849	16,375,815	19,148,249	16,920,577
Consolidated net income	-566	1,704	-253	-274
Currency translation reserve	0	0	0	0
Total comprehensive income	-566	-1,704	-253	-274

Consolidated balance sheet

as of June 30, 2023 (IFRS)

In €'000	June 30, 2023	Dec. 31, 2022
ASSETS
Non-current assets
Intangible assets		35
Property, plant and equipment		503
Financial assets		475
	1,681	1,013
Current assets
Inventories	1,347	824
Trade receivables	878	1,675
Receivables from related parties	2	2
Other assets	336	2,296
Cash and cash equivalents	513 693 475 894 3,457 5,138	800
		5,597
Total assets		6,610

In €'000	June 30, 2023	Dec. 31, 2022
EQUITY & LIABILITIES
Equity
Subscribed capital	19,148	17,408
Capital reserve	20,878	20,704
Minority interests	5	5
Contribution made to implement the resolved capital increase	0	1,915
Loss carried forward	-38,297	-38,297
Consolidated net income / loss	-566	0
	1,168	1,735
Non-current provisions and liabilities
Non-current portion of liabilities from finance lease	295	195
	295	195
Current provisions & liabilities
Current portion of liabilities from finance lease	121	122
Trade payables	686	1,028
Liabilities to related parties	1,466	82
Other provisions	714	768
Other current liabilities	688	2,680
	3,675	4,680
Total Equity & Liabilities	5,138	6,610

Consolidated Cash Flow Statement

for the period from January 1 to June 30, 2023 (IFRS)

In €'000	Jan. 1 to June 30, 2023	Jan. 1 to June 30, 2022
Earnings before taxes (EBT)	-566	-1,702
Depreciation and amortization of non-current assets	127	265
Other non-cash income and expenses	0	7
Zunahme (-), Abnahme (+) der Forderungen aus Increase (-), decrease (+) in trade receivables, other receivables and other assets	2,757	1,337
Increase (-), decrease (+) in inventories	-523	49
Increase (+), decrease (-) in trade accounts payable and other liabilities	-1,004	-1,470
Interest paid	15	30
Cash flow from operating activities	806	-1,484
Cash payments for investments in property, plant and equipment	-217	-232
Cash payments for investments in intangible assets	-478	-13
Cash flow from investing activities	-695	-245
Proceeds from capital increases	-1	2,058
Proceeds from borrowings	0	114
Cash payments for the redemption of liabilities from finance leases	-16	-254
Cash flow from financing activities	-17	1,918
Changes in cash and cash equivalents	94	189
Cash and cash equivalents at the beginning of the period	800	410
Cash and cash equivalents at the end of the period	894	599

Consolidated Statement of Changes in Equity

for the period from January 01 to June 30, 2023 (IFRS)

In €'000	Subscribed	capital Capital reserve	Contribution made to implement the resolved capital increase	Non-controlling interests	Currency translation reserve	Retained earnings	Total
Jan. 1, 2022	15,825	20,229			0	-34,333	1,721
Group result						-1,702	-1,702
Other result				5			5
Overall result	15,825	20,229	0	5	0	-36,036	24
Capital increase	1,582	475					2,057
June 30, 2022	17,407	20,704	0	5	0	-36,035	2,081

In €'000	Subscribed	capital Capital reserve	Contribution made to implement the resolved capital increase	Non-controlling interests	Currency translation reserve	Retained earnings	Total
Jan. 1, 2023	17,408	20,704	1,915	5	0	-38,297	1,735
Group result						-566	-566
Overall result	17,408	20,704	1,915	5	0	-38,863	1,168
Capital increase	1,741	174	-1,915				0
June 30, 2023	19,148	20,878	0	5	0	-38,863	1,168

Financial Calendar 2023

November 27-29, 2023	Deutsches Eigenkapitalforum, Frankfurt am Main
November 16, 2023	Interim Group Statement as of September 30, 2023 - 9 months
September 4-5, 2023	EquityForum - Fall Conference 2023, Frankfurt am Main

Imprint

Voltabox AG

Technologiepark 32 33100 Paderborn / Germany

Phone: +49 (0) 5251 693 969 0 E-Mail: investor@voltabox.ag

www.voltabox.ag

VOLTABOX AG

Technologiepark 32 33100 Paderborn / Germany

Phone: +49 (0) 5251 693 969 0 E-Mail: investor@voltabox.ag

www.voltabox.ag