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Investor Presentation Preliminary Figures FY 2025 SFC Energy AG Dr. Peter Podesser, Daniel Saxena CEO, CFO 1 Confidential | © SFC Energy 2/23/26
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Disclaimer THIS PRESENTATION IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. IN PARTICULAR, THIS PRESENTATION MUST NOT BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES OF AMERICA (THE “UNITED STATES”), AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS. THIS PRESENTATION MAY NOT BE REPRODUCED IN ANY FORM OR PASSED ON, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON, OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. For the purposes of this notice, “presentation” means this document, its contents or any part of it. T his presentation does not, and is not intended to, c onstitute or form part of, and should not be constr ued as, an offer to sell, or a solicitation of an offer to pur chase, subscribe for or otherwise acquire, any securities of the Company, nor shall it or any part of i t form the basis of or be relied upon in connection with or act as any inducement to enter into any contract or commitment or investment decision whatsoever. This presentati on is neither an advertisement nor a prospectus and should not be relied upon in making any investment decision to purchase, subscribe for or otherwise ac quire any securities. The information and opinions contained in this presentation are provided as at t he date of this presentation, are subject to change without notice and do not purport to contain all informatio n that may be required to evaluate the Company. No reliance may or should be placed for any purpose wh atsoever on the information contained in this prese ntation, or any other information discussed verbally, or on its completeness, accuracy or fairness. The information in this presentation is of preliminary and abb reviated nature and may be subject to updating, rev ision and amendment, and such information may change materially. Neither the Company nor any of its directors, o fficers, employees, agents or affiliates undertakes or is under any duty to update this presentation or to correct any inaccuracies in any such information which may become apparent or to provide any additional information. This presentation is not an offer of securities for sale in the United States. The secu rities of the Company are not and will not be registered pursuant to the provisions of the US Securities Act of 1933, as amended (the “Securities Act”) or with the securities regulators of the individual states of the United States. The securities may not be offered, sold or delivere d, directly or indirectly, in or into the United St ates except pursuant to an exemption from the registr ation and reporting requirements of the United Stat es securities laws and in compliance with all other applicable United States legal regulations. The Company does not intend to register its securities under the Securities Act or to conduct a public offering of securities in the United States. Sales in the United Kingdom are also subject to restrictions. The securities are only available in the United Kingdom to, and any invitation, offer or agreement to subscribe, purchas e or otherwise acquire such securities in the United Kingdom will be engaged in only with, such relevant persons to w hom it may lawfully be communicated (“Relevant Persons”). Any person in the United Kingdom who is not a Relevant Person should not act or rely on this pres entation or any of its contents. Certain informatio n (including industry, market and competitive posit ion data) in this presentation is based on the Comp any’s own internal research and management estimates. In addition, certain data points in this presentation are selective and may not necessarily be representative for SFC Energy AG. Such research, estimates and data points have been made in good faith and represent t he current beliefs of members of management. The Co mpany and those management members believe that such research, estimates and data points are founded on reasonable grounds. However, by their nature, re search and estimates as well as the data points may not be correct or complete, and their underlying m ethodology and assumptions have not been verified b y any independent source for accuracy or completeness. Ac cordingly, no representation or warranty, express o r implied, is given that such research, estimates or data points are correct or complete. The presenta tion and discussion contain forward looking statements, othe r estimates, opinions and projections with respect to anticipated future performance of the Company (“Forward-looking Statements”). These Forward-looking Statements can be identified by the use of forward- looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,”, “aims”, “plans”, “predicts”, “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These Forward-looking Statements include all matters that are not historical facts. They appear in a number of places throughout this presentation and include statements regarding the C ompany’s intentions, beliefs or current expectations concerning, among other things, the Company’s prospects, growth, strategies, the industry in which it operates and potential or ongoing acquisitions. By their nature, Forward-looking Statements involve si gnificant risks and uncertainties because they relate to events and depend on circumstances that may o r may not occur in the future. Forward-looking Statements should not be read as guarantees of future perform ance or results and will not necessarily be accurat e indications of whether or not such results will b e achieved. Similarly, past performance should not be taken as an indication of future results, and no r epresentation or warranty, express or implied, is ma de regarding future performance. The development of the Company’s prospects, growth, strategies, the industry in which it operates, and the effect of acquisitions on the Company may differ materially from those made in or suggested by the Forward-looking Statements contained in this presentation or past performance. In addition, even if the development of the Compan y’s prospects, growth, strategies and the industry in which it operates are consistent with the Forward-looking Statements contained in this presentation or past p erformance, those developments may not be indicativ e of the Company’s results, liquidity or financial position or of results or developments in subsequen t periods not covered by this presentation. Any Forward-looki ng Statements only speak as at the date of this presentation is provided to the recipient and it is up to the recipient to make its own assessment of the validity of any Forward-looking Statements and assumptions. No liability whatsoever is accepted by the Company in respect of the achievement of such Forward-looking Statements and assumptions. © SFC Energy | February 2026 2
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Strategic clarity Reliable, sustainable hybrid energy systems to meet the rapidly growing global demand for resilient, decentralized energy supply. 3 © SFC Energy | February 2026
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Fast-growing addressable fuel cell market benefiting from structural growth drivers 4 Annually serviceable fuel cell market (in mEUR)1 Addressable Market Today… Source: Company information, leading consulting firm. Note: 1 Market for DMFC and PEMFC fuel cells in SFC’s focus use cases. ...Driven by Structural Tailwinds Geopolitical developments driving increase in military spending and focus on public security Accelerating global efforts to decarbonize industries Need for resilient, decentralized energy supply Fuel cell cost degression from scale effects and efficiency gains Policy support leveraging noise and emission reductions in specific regions340 467 580 725 941 1.249 1.642 2024 2025 2026 2027 2028 2029 2030 +30% CAGR …with Significant Growth Ahead… Global fuel cell market in 2024 (MW) ~2,500 MW global market for fuel cells (incl. transport / mobility applications) ~550 MW market for stationary and semi- stationary fuel cells across power ranges ~50 MW our focus segments © SFC Energy | February 2026
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500 Direct Methanol Fuel Cells up to 3 kW EFOY & EFOY Pro Fuel Cell Integrated off-grid & mobile solutions Engineered Mil-Std products SFC EMILY & SFC JENNY Fuel Cell EFOY Cloud (IoT) Comprehensive range of fuel cell platforms and proprietary membrane technology Power Range [kW] 100 10 1 PEM Hydrogen Fuel Cells up to 200 kW Modular Hydrogen Fuel Cell Solutions Energy solutions for decen- tralized power e.g. business parks, IT or temporary power on construction sites or events Stack & MEA development programs Membrane electrode assembly (MEA) manufacturing in UK Standardized, proprietary stack design, manufactured in Germany Addressable power level by technology platform Fuel Cell stack and MEA Commercialized fuel cell & hybrid energy solutions PEM Hydrogen Fuel Cells 1.7 kW – 50 kW Modular EFOY Hydrogen Fuel Cell 1.7, 2.5 and 5.0 KW – Air Cooled Standard indoor & outdoor cabinet & rack solutions Integrated stationary & mobile solutions 5 © SFC Energy | February 2026
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Market access and business segments Strong Global Footprint Location: Gurgaon, India Key operations: • Production & Assembly • Service • Sales Location: Brunnthal, Germany (HQ) Key operations: • R&D • Production & Assembly • Sales & Marketing • Service Location: Cluj-Napoca, Romania Key operations: • R&D • Production & Assembly Country with location / production facility Key markets Production Facility Office Headquarter Location: Calgary, Canada Key operations: • R&D • Production & Assembly • Sales & Marketing • Service Location: Swindon, UK Key operations: • R&D – MEA • Manufacturing – MEA • Service Location: Almelo, Netherlands Key operations: • R&D • Production & Assembly • Sales & Marketing Location: Orem, USA Key operations: • Sales & Marketing • Service • Production & Assembly (Q1 2026) Location: Hobro, Denmark Key operations: • R&D • Production & Assembly • Service Reporting Segments Clean Energy Fuel cells & integrated energy solutions Defense and public security Commercial use cases: telecom, wind, infrastructure, security, energy, traffic, consumer Clean Power Management Power management & electronics Analytical equipment and systems Laser, semi-conductor and manufacturing equipment Energy 6 © SFC Energy | February 2026
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The dynamic development in the Defense and Security sector reflects the changing geopolitical environment SFC fuel cells for satellite communication SFC fuel cells for portable power supply SFC fuel cells for portable power supply SFC fuel cells for on-board power supply 7© SFC Energy | February 2026
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Defense Radar and Laser Systems Clean Power Management – Power Supplies 8 Ultra-stable, low-noise power output Ruggedized, defense-grade reliability Standardized, modular, and scalable power platform High lifetime availability and long-term support Application: Portable surveillance radar Application: Naval and ground-based defense radar Application: High power laser application, like C-UAS (counter drone) up to 640kW © SFC Energy | February 2026
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Civil Security and Surveillance Video surveillance Singapore Surveillance towers for securing floodplains and wind turbines Germany Self-sufficient power supply for CCTV and communication equipment United Kingdom Off-grid 24/7 surveillance at the G7 summit United Kingdom Flexible and reliable power supplies for mobile surveillance trailers USA Off-grid power supply for mobile security towers Netherlands Power supply for automated monitoring stations Europe and UK 9© SFC Energy | February 2026
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Leader in AI-driven and automated “Security-as-a- Service” solutions 15 %-acquisition* in Oneberry Technologies Strong platform: The transaction strengthens SFC’s presence in public security, critical infrastructure, border protection, and drone defense markets. Expansion in Asia-Pacific: Singapore becomes SFC’s regional hub for Southeast Asia, reinforcing the company’s long-term international growth strategy. Attractive Business Model: Through Oneberry, a long-term EFOY integrator, SFC gains access to a rental and service- based business, enhancing revenue visibility and margins. Growth Potential: Both companies expect substantial growth with medium- to long-term revenues exceeding EUR 100 million. Increase in shareholding: SFC holds option to acquire majority stake. * The transaction is subject to closing conditions and is expected to be completed in the first quarter of 2026. 10© SFC Energy | February 2026
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Customer proximity and tariff mitigation New manufacturing site in USA Sustainable organic growth in public safety and industrial applications with a diversifying customer base “Local for Local” strategy to lower import tariffs, currency risks and supply chain dependencies Assessing M&A opportunities in Defense & Public Security and Oil & Gas to accelerate market penetration 11© SFC Energy | February 2026
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SFC’s pillars for growth Market & regional expansion 1 Technology & IP development 2 M&A 3 Increase market penetration in Public Security, Defense, Industry, and Critical Infrastructure applications Expansion of sales and service networks globally with focus on the USA, Southeast Asia and Middle East Strategic partnerships to offer turnkey services and products to SFC customers Next Generation Defense fuel cells and hybrid power systems High-efficiency power management platform for Defense and Life-Science and applications Higher power back-up and off-grid power systems above 50 kW AI-based security and cloud-based service offerings Continuous advancement of proprietary fuel cell and membrane technology Targeted acquisition of system integrators in growing markets to accelerate market access, e.g. in USA in Defense & Public Security and Oil & Gas as well as in Europe and Southeast Asia Acquisition of complementary technologies for SFCs fuel cell and hybrid energy solutions product portfolio to strengthen the existing IP portfolio e.g. battery and power management Next Era of Growth 12© SFC Energy | February 2026
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Decarbonization Strategy Decarbonizing customer value chain through our products Science-based climate targets aligned with the 1.5°C pathway Targets to reduce Scope 1 & 2 emissions Circularity & Resource Efficiency Circularity targets focusing on recycle, reuse & reduce principles Refining our circularity approach through the entire product lifecycle Implemented Regulations & Reporting Audited VSME Sustainability Report for FY2024 Capital Market Compliance covering global regulations Robust ESG Ethics & Governance structure and policies Ongoing improvement of external validation through credible ESG ratings First Sustainability Report coming soon SFC‘s holistic approach to sustainability Environment Social Work in progressFurther advancements being implemented Contributing to sustainable development is a core element of SFC’s overall strategy: Selected ESG key-topics People-first approach Metrics, targets and initiatives to foster our people‘s development and well-being Commitment to inclusivity and equal opportunities across our global workforce Advancing human rights in our operations and throughout our global supply chains Strengthening Occupational, Heath & Safety policies and measures Governance 13© SFC Energy | February 2026
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0,29 0,28 2023 2024 Key Metrics, Targets & Progress SFC’s Sustainability Reporting FY2024 14 GHG Intensity Scope 1-3 Emissions (in kgCO2e/ € revenue) -3% 25% 40% 36% Supervi sory Board Senior Manag ement Global workfor ce Gender Diversity (% of women in different levels) Circularity Progress Safety & Cybersecurity 98% of Pt recovered >50% recyclable packaging 0 reported cyber incidents 0.44 Lost Time Injury Frequency Rate GHG Emissions Intensity: SFC’s value chain emissions intensity reflects continuous progress toward decarbonization Impact on Direct emissions: Reduction in direct emissions (Scope 1 & 2) by adoption of renewable electricity and hybrid/EV company fleet ESG linked incentives: ESG targets linked to Board long-term incentive (LTI) targets to drive accountability and progress Diversity & Inclusion: 3% y-o-y increase in women across global workforce, 40% women at Senior Management level, ongoing initiatives to further promote diversity HSE & Cybersecurity: Strong safety culture & performance, dedicated cybersecurity governance Strong Governance & Reporting: Double materiality as a strong basis, independent assurance aligned with EU frameworks © SFC Energy | February 2026
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15.6 8.9 FY 2024 FY 2025 143.3 144.8 FY 2024 FY 2025 -1.0% 22.0 16.7 FY 2024 FY 2025 Key financials FY 2025* I Burdened by macroeconomic uncertainties, tariffs, FX effects and higher cost base Sales Development in mEUR Adjusted EBITDA & Margin in mEUR Adjusted EBIT & Margin in mEUR 11.6% 15.2% -24.3% -42.7% 10.7% 6.2% * Unaudited© SFC Energy | February 2026
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Forecast 2026 Sales Development in mEUR Adjusted EBITDA in mEUR 144.8 143.3 (150.0 – 160.0) FY 2024 FY 2025 FY 2026E Adjusted EBIT in mEUR 22.0 16.7 (20.0 – 24.0) FY 2024 FY 2025 FY 2026E 15.6 8.9 (11.0 – 15.0) FY 2024 FY 2025 FY 2026E FY 2025 figures unaudited © SFC Energy | February 2026
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SFC share summary Share price development & trading volume until 20/02/2026* Shareholder structure Analyst coverage ⌀ Target price 19.07 € (1) Source: Bloomberg, Capital IQ, Thomson ONE. Company information as of 20 February 2026; *Based on Xetra Information on the share price(1) (EUR) 52 Week high (18/03/2025) 28.35 52 Week low (18/11/2025) 11.32 Average price 3 months 13.02 Average volume 3 months (units) 45,940 Average price 30 days 13.60 Average volume in 30 days (units) 36,465 Share price development (in EUR)* Share price 13.00 Shares outstanding (in M) 17.40 Market capitalization (in M) 226.17 Share data (20 February 2026)* Equity Research Consensus in mEUR KPI 2024a 2025e 2026e Revenue 144.8 149.5 164.2 EBITDA adjusted 22.0 14.9 19.7 EBIT adjusted 15.6 4.1 10.7 SDAX inclusion on 27.12.2022 0 200.000 400.000 600.000 800.000 1.000.000 0 € 5 € 10 € 15 € 20 € 25 € 30 € 02.24 06.24 10.24 02.25 06.25 10.25 02.26 DWS 2.70% ACATIS 8.29% Conduit Ventures Ltd. 2.08% NATIXIS 2.02% HANSAINVEST 2.99% Other Institutions 21.06% Insiders 2.30% Free float 58.57% © SFC Energy | February 2026
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sfc.com Thank you for your attention. Dr. Peter Podesser CEO SFC Energy AG Eugen-Saenger-Ring 7 85649 Brunnthal Deutschland Daniel Saxena CFO Susan Hoffmeister Investor Relations if@sfc.com © SFC Energy | February 2026