Apollo Power : Investors Presentation

Investors Presentation

April 2022

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.

This presentation was made for a convenient and concise presentation, and is not exhaustive and does not pretend to encompass the full data about the company and its activities and/or all the information that may be relevant for making any decision regarding investment in the Company's securities and in general, and is not a substitute for independent data collection and analysis and/or to review the reports that the Company publishes and will publish to the public. In addition, the information under this presentation does not constitute a substitute for investment advice by a licensed investment advisor who takes into consideration the data and the special needs of each person and/or investor. The presentation includes data, 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 known to the management when preparing this presentation. There is no certainty that such data and/or estimates and/or forecasts and/or projections may realize, in whole or in part, and they may differ from those included in the presentation, due to, inter alia, their dependency on external factors beyond the Company's control, such as changes in the business and 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 the manufacturing plant in Mevo Carmel (slides 4 and 16), the continued increase in the annual sales (slide 31), the sales potential relative to production capabilities (slide 32), and the Company's goals (slide 33). Thus, readers of this presentation are warned that the actual results and achievements of the Company in the future may be substantially different from those presented in the forward-looking information under this presentation. 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 and immediate reports, and/or displayed and processed differently from the way it appears in the presentation (see in this context, slide 4, which includes the number of employees as of the date of publication of the presentation, slide 16 regarding the manufacturing plant in Mevo Carmel, and slide 32 regarding the sales potential relative to the production capabilities).

For the sake of clarity, the presentation is not in lieu of the immediate and periodic 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. Finally, it is clarified that the image appearing in slide 11 is intended for illustration purposes only and does not include the Company's products.

Agenda:

Company overview

The bottom line

Technological developments

Business developments

New products, R&D

Financial reports

Future goals

Company Overview

Established in 2014 · Traded on the Tel Aviv Stock Exchange since 2017 (TASE:APLP) · Develops a flexible solar film using a patent-protected unique technology

Growing Company

• · 100 team members (compared to 27 on April 2021)

• · Completed the establishment of the 1st flexible solar film factory in Yokneam (10MWp)

• · The 2nd factory (190MWp) is under construction, expected to start production on H2 2022.

  Global Interest · Strategic partnerships with global market leaders, such as: Amazon, Audi, VW, Hyundai and others

  Trusted by the Stock-Market · During Q2 2021 the institutional investors The Phoenix and More became substantial shareholders of Apollo. In Q1 2022 the company raised 46.8M NIS through rights issue (99.5% utilization)

Patent-protected in the solar-energy field - higher efficiency than any other flexible solar solutions today

The technology can be implemented

In various shapes and composite materials, making them energy generators

Dual-usage potential

In areas considered irrelevant for solar usage, such as lightweight roofs, internal banks of reservoir, railways, roads and in fact any surface under the sun

Local production

The company is establishing a unique flagship factory for flexible solar panels in Israel, with an annual production capacity of approx. 190MWp

The Bottom Line

An innovative technological company, developing & producing a unique, flexible solar cell

Ground-breaking technology