GreenPower Motor Company Inc. Annual Information Form For the Period Ended March 31, 2023 Dated June 29, 2023 TABLE OF CONTENTS | NOTE REGARDING FORWARD-LOOKING STATEMENTS | 1 | | --- | --- | | GLOSSARY OF TERMS | 3 | | CORPORATE STRUCTURE | 4 | | THREE YEAR HISTORY OF THE BUSINESS | 5 | | DESCRIPTION OF THE BUSINESS | 7 | | RISK FACTORS | 16 | | DIVIDENDS AND DISTRIBUTIONS | 26 | | DESCRIPTION OF CAPITAL STRUCTURE | 27 | | MARKET FOR SECURITIES | 27 | | DIRECTORS AND EXECUTIVE OFFICERS | 29 | | LEGAL PROCE ...

Company Participants Conference Call Participants Operator I would now like to turn the conference over to Michael Sieffert, Chief Financial Officer. Please go ahead. Thank you. This is Michael Sieffert, the Chief Financial Officer of GreenPower Motor Company. I would like to welcome everyone to our call to discuss GreenPower's financial results for the period ended December 31, 2022. I'm here today with our Chief Executive Officer, Fraser Atkinson; and our President, Brendan Riley. Also, during the course ...

GreenPower Motor Company Inc. (NASDAQ:GP) Q2 2023 Earnings Conference Call November 15, 2022 9:30 AM ET Company Participants Michael Sieffert - Chief Financial Officer Fraser Atkinson - Chief Executive Officer Brendan Riley - President Conference Call Participants Greg Lewis - BTIG Craig Irwin - ROTH Capital Partners Tate Sullivan - Maxim Group Good morning, and welcome to the GreenPower Motor Company Second Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructio ...

GreenPower Motor Company Inc. (NASDAQ:GP) Q1 2023 Earnings Conference Call August 15, 2022 9:30 AM ET Company Participants Michael Sieffert - Chief Financial Officer Fraser Atkinson - Chief Executive Officer Brendan Riley - President Conference Call Participants Chris Souther - B. Riley Craig Irwin - ROTH Capital Partners Tate Sullivan - Maxim Group Tyler DiMatteo - BTIG Operator Good morning, and welcome to the GreenPower Motor CompanyÂ's First Quarter Earnings Conference Call. All participants will be in ...

Financial Data and Key Metrics Changes - Recorded revenues of $17.2 million for the year ended March 31, 2022, represented an increase of over 30% compared to restated revenue of $13.3 million for the previous fiscal year [5] - Cash, including restricted cash at year-end, was $6.9 million, with inventory increasing to $32.3 million from $12.5 million at the previous year-end [6] Business Line Data and Key Metrics Changes - Revenue for the year was generated from 93 vehicle sales, including 18 BEAST school buses, 11 EV Stars, 4 EV Star Plus, and 21 EV Star CCs, among others [5] - The gross profit margin for the fourth quarter was negatively impacted by several one-time costs, pushing it below the historical run-rate of 30% [6] Market Data and Key Metrics Changes - The school bus sector has become increasingly attractive due to new infrastructure laws enabling schools to purchase zero-emission buses at no cost [10] - GreenPower has expanded its dealer base across the national market, with plans for further announcements [11] Company Strategy and Development Direction - The company is focusing on dedicated sales strategies for specific sectors, such as the truck sector and school buses, to enhance outreach and effectiveness [18] - GreenPower is entering the New Jersey VIP program, similar to California's HVIP program, which is expected to provide significant opportunities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive cash flow in the coming quarters, driven by increased vehicle deliveries and inventory turnover [30][40] - The company anticipates significant growth in vehicle deliveries, with expectations of exceeding 1,000 vehicles annually within the next year [30] Other Important Information - The company announced the acquisition of Lion Truck Body, which will enhance its ability to support the truck business and reduce lead times for vehicle bodies [31][32] - The acquisition allows for the development of truck bodies specifically tailored for electric vehicles, improving efficiency and production times [35][62] Q&A Session Summary Question: Is the increase in deferred revenue related to the Workhorse contract? - Yes, the deferred revenue increase of about $6.5 million is almost entirely due to the Workhorse deposit, which will deplete over the contract term [49][50] Question: What is the variability in the timing of deliveries for the Workhorse contract? - There is a mechanism for monthly variance in deliveries, but the total will reach 1,500 vehicles by March 2024 [52] Question: What is the demand from the New Jersey voucher program? - The majority of approved or pending vouchers relate to the 22-foot cargo vehicles, with ongoing sales opportunities [53][54] Question: Are there plans for further acquisitions to integrate the supply chain? - Yes, there are opportunities for further acquisitions to enhance integration, but the focus remains on cost-effective solutions [59] Question: How will inventory and working capital be managed seasonally? - The company expects to see quicker inventory turns as production cycles are reduced, impacting inventory levels positively [66][67]

TRANSPORTATION TRANSPORTATION EVOLVEDTM OLVED NASDAQ: GP // TSX-V: GPV June 2022 DISCLAIMER & FORWARD LOOKING STATEMENTS Forward-looking statements included in this presentation include, but are not limited to, statements with respect to: GreenPower is a leading designer, manufacturer and distributor of battery-electric zero-emission vehicles; that GreenPower is currently leveraging strong demand for its EV Star platform; that GreenPower's vehicles can be charged almost anywhere using standard charging equi ...

GreenPower Motor Company Inc. (NASDAQ:GP) Q3 2021 Earnings Conference Call February 11, 2022 9:30 AM ET Company Participants Michael Sieffert - Chief Financial Officer Fraser Atkinson - Chief Executive Officer Brendan Riley - President Ryne Shetterly - Vice President of Sales & Marketing Conference Call Participants Tate Sullivan - Maxim Group Chris Souther - B. Riley Craig Irwin - ROTH Capital Partners Tyler DiMatteo - BTIG Tate Sullivan - Maxim Group Barry Sine - Spartan Capital Securities Operator Good d ...

GreenPower Motor Company Inc. (NASDAQ:GP) Q2 2021 Earnings Conference Call November 12, 2021 9:30 AM ET Company Participants Michael Sieffert – Chief Financial Officer Fraser Atkinson – Chief Executive Officer Brendan Riley – President Ryne Shetterly – VP of Sales Marketing Conference Call Participants Greg Lewis – BTIG Tate Sullivan – Maxim Group Chris Souther – B. Riley Operator Good day, and welcome to the GreenPower Motor Company Inc. Second Quarter Earnings Call. All participants will be in listen-only ...

GreenPower Motor Company Inc. (NASDAQ:GP) Q1 2022 Earnings Conference Call August 13, 2021 9:30 AM ET Company Participants Michael Sieffert - Chief Financial Officer Fraser Atkinson - Chief Executive Officer Brendan Riley - President Ryne Shetterly - Vice President, Sales & Marketing Conference Call Participants Greg Lewis - BTIG Chris Souther - B. Riley Craig Irwin - ROTH Capital Partners Tate Sullivan - Maxim Group Operator Good day and welcome to the GreenPower Motor Company First Quarter Earnings Confer ...

Company Overview - GreenPower is a designer, manufacturer, and distributor of battery-electric zero-emission vehicles, focusing on local cargo/delivery, transit, shuttle, and school sectors[3] - The company's flagship model is the EV Star Platform, which is experiencing strong demand[3] - GreenPower's vehicles are Buy America compliant and Altoona tested[7] Financial Performance - In the year ended March 31, 2020, GreenPower delivered 68 buses, generating $135 million in revenue with a gross profit of $4 million, representing 30% of sales[4] - As of December 31, 2020, the company had $313 million in working capital, including $21 million in cash[33] - GreenPower completed a financing for gross proceeds of over $37 million[33] Market Opportunity and Growth - Bloomberg NEF projects significant growth in the battery electric vehicle market in the United States, with medium and heavy-duty commercial vehicles expected to grow from 1,600 in 2020 to over 50,000 in 2025, 227,000 in 2030, and 912,000 in 2040[5] - Battery electric bus sales are projected to increase from 2,037 in 2020 to over 25,000 in 2030 and 76,000 in 2040[5] - The FTA will subsidize up to 80% of the purchase price for vehicles that are Buy America Act Compliant and Altoona Tested by eligible transit properties[11] Production and Capacity - GreenPower has a domestic production capability of up to 30 EV Stars per month[25] - Contract manufacturing partners can produce up to 100 cab and chassis units per month[25]