Financial Data and Key Metrics Changes - Q1 2024 revenue was €43.1 million, up 23% year-over-year, driven by EV market seasonality and impacted by softer AC sales in the US [7] - Gross margins were 39.6%, positively impacted by cost engineering, strategic sourcing, and lower transportation costs [8] - Adjusted EBITDA loss tightened to €13.5 million, representing a year-over-year improvement of 38% [9][33] - Consolidated cash, cash equivalents, and financial instruments were approximately €83 million at the end of March [36] Business Line Data and Key Metrics Changes - AC sales contributed €29.9 million, representing approximately 69% of global consolidated revenue, down 1 percentage point from last year [11] - DC revenue increased by more than 100% year-over-year, contributing 19% of total revenue, a 9 percentage point increase from the prior year [12] - ABL results were in line with expectations, with a focus on cross-selling opportunities [7][10] Market Data and Key Metrics Changes - Europe contributed €36.5 million of consolidated sales, or 85% of total revenue, growing by almost 30% year-over-year [10] - North America contributed €4.7 million, impacted by an inventory adjustment at a specific retailer [10] - APAC and LATAM contributed €1.3 million and approximately €600,000, respectively [10] Company Strategy and Development Direction - The company is focused on growing sales in key geographies, including North America, Germany, and Western Europe, and in attractive market verticals like commercial applications and public DC fast charging [46] - Plans to expand gross margins through cost engineering, quality improvements, and strategic sourcing [48] - Emphasis on aligning the cost base with market realities through thoughtful R&D spending and disciplined OpEx allocation [49] Management's Comments on Operating Environment and Future Outlook - Management believes the long-term potential of the EV industry remains solid despite current economic dynamics and market volatility [27] - The company aims to exit the current period in a strong competitive position, leveraging its diversified product portfolio [28] - Expectations for close to breakeven adjusted EBITDA in Q2 2024 due to new product introductions and strong traction in North America [9][32] Other Important Information - The company is integrating ABL and has launched the eM4 product across key markets in Europe [20] - A commercial agreement with Generac has been established, expected to provide significant long-term commercial opportunities [23][24] - Inventory levels have decreased by 5% from the previous quarter, with a goal to continue reducing total inventory by the end of the year [38][39] Q&A Session Summary Question: Does Tesla's charging news create opportunities for Wallbox in the U.S. or Europe? - Management sees positive implications for customers, as it allows for more installations and increased sales of chargers [54] Question: Have there been changes in U.S. utilities regarding bidirectional charging technology? - Initial programs are underway in California, with significant opportunities arising from partnerships with OEMs like Kia [58] Question: What drove the significant increase in average price per AC unit? - The increase is attributed to a shift towards commercial charging, which is generally more expensive, and a reduction in discounts [63][66] Question: What is the expected revenue contribution from ABL for the quarter? - ABL is expected to contribute between €50 million to €65 million for the year, despite a softer market in Europe [70] Question: How are DC sales expected to ramp up in 2024 and 2025? - DC sales are projected to grow between 80% to 120% year-over-year, driven by the rollout of Supernova in North America [71][73] Question: How are operations in Texas progressing and what is the margin profile for DC? - Operations in Arlington are efficient, with potential gross margins for DC products expected to exceed 40% [79]

3 4 ＥＡＲＮＩＮＧＳ ＲＥＰＯＲＴ 6 wallbox " 「 A Y N o N 4 9 ENRIC ASUNCIÓN Co-Founder & Chief Executive Officer Chief Financial Officer JORDI LAINZ Q 1 2 O 2 4 E A R N I N G S R E P O R T ` Chief Financial Officer Effective 15 May 2024 LUIS BOADA MICHAEL WILHELM Investor Relations 2 D I S C L A I M E R ` This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forwardlooking statements to be covered by the safe harbor provisions for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR Date of event requiring this shell company report: Commission file number 001-40865 Wallbox N.V. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Regist ...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging solutions, today announced the start of deliveries of Pulsar Pro North America in the United States. Pulsar Pro is the latest addition to Wallbox's award-winning Pulsar family of smart EV chargers, designed specifically for shared spaces like multi-unit residential and commercial properties. "Our Pulsar family was born from a need to make EV charging smarter, faster and better," said Enric As ...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in electric vehicle (EV) charging and energy management solutions, and COIL, a leading EV charging installation service and Wallbox subsidiary, announced today that, in conjunction with partners Clean and Prosperous Institute and Adopt a Charger, they have secured proposed awards of $25.6 million from the Washington Department of Commerce’s Electric Vehicle Charging Program. The awards, announced as part of the Department’s first r ...

Wallbox N.V. (NYSE:WBX) Q4 2023 Results Conference Call February 28, 2024 8:00 AM ET Company Participants Matt Tractenberg - VP of IR Enric Asuncion - CEO Jordi Lainz - CFO Conference Call Participants George Gianarikas - Canaccord Ben Khalo - Baird Operator Hello, everyone. And welcome to Wallbox's Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast. My name is Charlie, and I'll be the operator for today's call. At this time, all participants lines have been placed in listen only mode to ...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Today Wallbox; (NYSE: WBX), a global leader in electric vehicle (EV) chargers, announced the start of production for its UL certified DC fast EV charger, Supernova 180. This marks the product's official launch onto the North American market. Supernova 180 is Wallbox’s third-generation DC fast EV charger designed exclusively for North America, following the successful rollout of Supernova 60 and Supernova 150 in Europe. Supernova 180 combines cutting-edge technology ...

COPENHAGEN, Denmark--(BUSINESS WIRE)--Aegir Insights, a leading provider of decision-making software, data, and intelligence for the offshore wind sector, has raised €8.5M in Series A funding, led by Seaya Andromeda with the participation of Climentum Capital. The company will use the funds to develop the next generation of its web platform, encompassing decision software, data, and intelligence products for the offshore wind industry. Offshore wind power is among the fastest growing segments within clea ...

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that it will release its financial results for the fourth quarter and full year of 2023 before market opens on Wednesday, February 28, 2024. The company will host a webcast at 8:00 AM ET (2:00 PM CET), to discuss these results and provide a business update. The prepared remarks by Enric Asunción, co-founder and Chief Executive Officer, and Jo ...

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox, (NYSE:WBX) a global leader in electric Vehicle (“EV”) charging and energy management solutions, today announced that Supernova 180 has passed the UL 2202 product certification for the American market, with SGS North America Inc. marking the product’s readiness for the North American market. UL 2202 is the North America’s principal standard for safety of DC EV chargers and ensures the safe and efficient use of the device. “We’re thrilled to have reached this mil ...