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Investor Presentation January 2026 Fastned’s flagship fully electric service area - Gentbrugge opened in July 2025
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Disclaimer IMPORTANT: please read the following before continuing The following applies to this document, the oral presentation of the information in this document by Fastned B.V. (the Company) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the Information). The Information has been prepared by the Company for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the Information or its accuracy, fairness or completeness. The Information and opinions contained therein are provided as at the date of the presentation and are subject to change without notice. The Information contains references to certain non-IFRS financial measures and operating measures. 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Investment Highlights European leader in public DC fast charging with proven location strategy, targeting only high traffic locations Best positioned to both capture and enable the tailwind of BEV adoption by improving access to charging infrastructure Best-in-class and most recognisable charging concept in the market, with key functions optimised in house Market-leading station economics and business model supported by high traffic levels and capex efficiency Mission-driven company with ESG at the core of everything we do 1 2 3 4 5 3 Combine investment highlights and key figures. Not used in voice over
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100% local sun, wind & hydro energy1 To accelerate the transition to electric mobility With every kWh sold we displace fossil fuels burning into the atmosphere 1,000 charging stations by 2030 129,100 tonnes Our mission Our goal Our climate impact 2024 CO2e avoided 4 1) For every kWh sold through the grid we buy local (same or adjacent country) solar & wind guarantees of origin
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The BEV fleet is scaling: creating a large, high growth fast charging market BEV fleet in Fastned’s operating geographies1 Notes: 1) Operating geographies include short and long term targets such as Ireland, Poland, Austria. Source: Schmidt Automotive Research May 2025. 2) BNEF Electric Vehicle Outlook 2024. 3) Fastned analysis 2030 BEV Charging Market 2024−2026 ~32% growth p.a. 2026−2030 ~29% growth p.a. >30 million electric vehicles > 75 billion kWh / year recurring charging demand > 30% public fast charging2 > € 10bn high growth fast charging market3 5
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Fastned ranks among the top three fast charging companies in Western Europe1 Type Main location strategy Car manufacturer Off highway (navigational pull) Utility Destination charging Pure play High traffic roads Car manufacturer High traffic roads Pure play Off highway Oil major Adding chargers on petrol stations Oil major Adding chargers on petrol stations Oil major Adding chargers on petrol stations Location owner / operator Destination charging Pure play High traffic roads 2024 energy volume sold1 Sources: 1−UK, Netherlands, Belgium, Germany, France, Switzerland Public data. Fastned analysis. Tesla data are estimates 6
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We have built the best charging concept in the market High traffic location strategy 1 Vertically integrated business model 2 Best customer experience 3 Service areas Motorway Software backbone & app Public affairs & network development Construction & engineering Station design Operations & maintenance Customer support 4.4 / 5 Google location reviews 99.9% station uptime #1 charging network 65 customer NPS High traffic business case supports the necessary investment to realise best charging concept 7
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% favourite 1 43% 2 31% 3 15% 4 Other 4% 5 4% 6 1% 7 1% 8 9 10 5−star rating 4.8 4.4 4.3 4.2 3.9 3.8 3.8 3.6 3.6 3.5 Favourite fast charging network survey1 Best EV Charging Network 20252 8 Combine or remove as message on previous slide? 1) Autoflow charging network survey 2024 2) Zapmap best charging networks of 2025 Fastned is the top choice for EV drivers due to high quality and reliability
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Accurate messaging: Headers Consistent structure: Navigators (e.g. EU, BE, CH) Consistent formatting: Graphs, colours, text format/size and positioning Key focus points: Fastned has a proven location strategy with top quality portfolio based on long-term vision… Note: 1. 10,000+ with a great business case Fastned focuses on high-traffic A-locations Location strategy leads to highest revenue potential Slow charging C B On -highway Highway exits / city roads National roads Urban roads Other & destinations A A Fastned strengthens its strategic position by: • Targeting high-traffic A-locations with strong visibility and revenue potential, based on the strong belief that having the best locations drives energy sales, not the # of Charge Points • Being HPC focused and characterized by limited competition ensuring high usage rate and long lease duration • Having a top-quality portfolio with a proven site identification approach, based on long-term vision Location availability 100,000+ sites in Europe1 Portfolio ambition majority of locations on/near the high traffic roads Slow charging segment C-locations B-locations A-Locations Target locations Strong concept drives revenue outperformance, with even greater uplift at premium locations Traffic 9 # sites available High end concept revenue potential Low end concept revenue potential
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c 1) LTM = last twelve months ~4,000 motorway sites Public land Hundreds of cities requiring public fast charging infrastructure CitiesMSAs > 100,000 location owners in search for a great charging concept Private land + 200−600 additional locations medium term Hundreds of additional locations long term > 1,000 additional locations long term = A thousand locations before 2030 Sites secured on private and public land1 Fastned path to 1,000 high-traffic locations: motorway service areas, private land and urban sites 10
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A high traffic location strategy and best-in-class charging concept leads to outsized sessions per station Daily sessions per station1 Tesla superchargers expected to outperform 11 High Sales per station Low Sales per station 1) Source: Charge Radar, excludes Tesla. Fastned’s operating geography – Netherlands, Belgium, Germany, UK, France, Switzerland. Note competitor group excludes Gridserve due to data availability.
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Station economics 1) Station-weighted average where relevant, 2) Annualised revenue related to charging for the period, €k Average station Q4 2019 Average station Q3 2025 Average station 2030 Average daily traffic ~30k ~30k ~30k BEV fleet penetration ~0.9% 1 ~5.7% 1 ~20% 1 Sessions per day 14 49 Average MWh (Annualised) 105 MWh 436 MWh >2,000 MWh Annualised revenue / station 612 3332 >1,000 2 Gross margin 51 (€0.49/kWh) 269 (€0.54/kWh) Operating costs per station 31 142 Operational EBITDA (B) 20 (33%) 100 (34%) >400 (40%) Initial investment (A) 307 802 ROIC (= B / A) 7% 16% Utilisation rate 9.9% 12.2% ROIC at 30% utilisation, current charge speed >40% >40% ● Top line growth is directly linked to BEV adoption – large revenue tailwinds ● Best-in-class charging concept captures more traffic resulting in higher number of sessions vs peers ● Outsized session numbers lead to a superior business case which allows price flexibility ● Fully wrapped construction capability delivers high quality and capex efficient infrastructure 1 3 2 4 1 3 2 4 12
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Fastned’s top line has grown considerably - driven organically by BEV adoption and inorganically by building new stations Organic growth through high traffic locations & BEV penetration growth Additional (inorganic) growth by adding new stations to the charging network Revenue per station1 1) Only includes revenue relating to charging.2020−2022 revenues impacted by reduced mobility due to Covid 2) Station-weighted BEV penetration. BEV penetration2 Total revenue1 # stations
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We expect the retail bond platform to fund a large part or all of the 2026 rollout Current funding Shareholding structure Equity platform: ~€ 250 million in equity funding, through a combination of private placements, an accelerated bookbuild and founders investments In Q4 2022, Schroders’ infrastructure fund invested €75m in equity, became a board member, and long-term partner in our target of 1,000 stations by 2030 Retail bond platform: >€ 270 million in retail bond funding Cash level: Current cash level of €87m (September 2025) Funding to date: 14
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Guidance & outlook • Revenue / station >€325k in 2025 and >€1m in 2030 • Operational EBITDA margin 35% - 40% by 20251 • 400 to 425 stations operational by year end 2025 • Target of 1,000 stations before 2030 Network Financial 151) Before (positive) EBITDA impact from the German highway tender
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Business update
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Q3 2025 Highlights ● Revenues related to charging up 44% Y oY to EUR 31.5m ● Energy delivered was up 32% Y oY to 46.8GWh, compared to an increase in EV stock of 28%1 ● Gross profit for the quarter was EUR 25.4m (€0.54/kWh) up 40% Y oY ● The number of operational stations increased to 380 while securing a total of 20 additional high traffic location to our pipeline ● Total number of secured locations reached 6242, on track for our goal of 1,000 stations by 2030 ● First stations opened in Spain - operational stations now in nine countries ● In the market with our third and final bond round for 2025 closing on October 30th. ● Cash position at the end of Q3 amounted to EUR 87.0m Renewable energy delivered 46.8 GWh (+32 % YoY) Revenues related to charging EUR 31.5m (+44% YoY) Sessions handled 1.7m (+27% YoY) CO2e avoided 42.4 kt (24% YoY) Note: All Q3 figures are unaudited and may be subject to change. 1) Source: ACEA, only includes July & August Data. Fastned average is a rolling, station-weighted average across all of Fastned’s operating markets. 2) Two contracts were discontinued during Q3 2025. 17
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2035 Automotive Package - diluted targets will have a marginal impact on BEV market dynamics in the long run 18 Main elements of the European Commission’s Automotive Package 2 5 3 4 6 1 A 10% conditional emission allowance in 2035: low carbon steel (7%) and biofuels (3%). 90% CO2 tailpipe emissions reduction target. A reduction from 50% to 40% of the vans emissions target for 2030. Greening Corporate Fleets Mandatory targets on zero and low emissions vehicles for big European companies (+250 employees). Battery Industry support of €1.8 billion through interest-free loans. Small affordable European Cars Initiative. Banking and borrowing: OEMs may miss annual CO₂ reduction targets in one year if fully compensated by over-compliance in another year within 2030–2032. Notes: 1) Operating geographies include short and long term targets such as Ireland, Poland, Austria. Source: Schmidt Automotive Research May 2025. BEV fleet in Fastned’s operating geographies1 The EC’s automotive package has been effective in supporting the the early adoption of BEVs… … but demand is now sustained by market dynamics, its incremental influence is limited in the long run.
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BEV sales in Fastned’s key markets have continued to grow… BEVs as a % of total car sales1 1) Source: ACEA, Jan-Nov data 19
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Leading to considerable increases in BEV fleet across our key markets BEV fleet #1 1) Source: Schmidt Automotive Research 20 +31% +33% +30% +24% +57% +25%
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Key wins for Fastned in Q3 2025 Gentbrugge: fully electric service area First two stations opened in Spain First Deutschlandnetz Highway station open First JV Site with Places for London
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Ensuring an unmatched customer experience in peak demand over the holiday period 22 Monthly sessions
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Stations continue to outperform Note: 1) Average across Fastned countries, weighted by the number of stations in each country, 2) Annualised revenue related to charging for the period, 3) based on €18.9k per charger for 2024, 4) based on €22.2k per charger for H125 Time-based utilisation calculated as = (average session duration (hrs) * average sessions per day) / (number of chargers * 24 hours) €k Average station Q3 2024 Average station Q3 2025 Average daily traffic ~30k ~30k BEV fleet penetration ~4.7% 1 ~5.7% 1 Average # of chargers 6.0 6.4 Sessions per day 45 49 Average MWh (Annualised) 437 MWh 495 MWh Annualised revenue / station 2712 3332 Gross margin 224 (€0.51/kWh) 269 (€0.54/kWh) Operating costs per station 1133 1424 Operational EBITDA (B) 111 (41%) 127 (38%) Initial investment (A) 710 802 ROIC (= B / A) 16% 16% Time-based utilisation rate5 12.1% 12.2% ROIC at 30% utilisation, current charge speed >40% >40% A unique combination of results Station sales continued to grow with energy delivered per average station increasing by 13% Y oY We grew in line with the market as BEV penetration grew by 22% and organic sales growth (excl. new stations) was 21% Gross margin per kWh remained at a good level in line with last quarter and operational EBITDA margin within guidance Our station economics outperform the market as a result of high traffic locations and best in class concept & customer experience 2323
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Appendix A Management & Leadership
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More than 400 people driving Fastned’s mission across 9 countries Highly motivated, mission driven team - led by an experienced Executive Team Maria Garcia Director Location Design Previously: Van der Goes Architechten Robin Wouters Director Product and Engineering Previously: Philips, Swapfiets, Sanoma Michiel Langezaal CEO & Founder Previously: AT Kearney, Epyon power, ABB Victor van Dijk CFO Previously: ING Georg Schmidt-Holtmann Director Construction Management Previously: AGCO Francoise Poggi COO Caro de Brouwer Director Network Development Previously: Roland Berger, Orsted, BekaertPreviously: Tesla 25 Caroline Hoefsloot Director Marketing & Communications Previously: Proctor & Gamble
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Appendix B Network & Pipeline
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Halfway to 1,000 stations: 500+ sites secured Stations in operation380 Total secured locations624 Historical station pipeline 27
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Appendix D Financial
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A B C D A+B+C Fastned revenue potential Sources: 1−Derived from Schmidt Automotive research forecasts | 2−Derived from fast charge share projections by TNO, McKinsey, Boston Consulting Group and ChargeUp Europe BEV stock growth x Fast charging growth x Right location growth Fast charging demand accelerating- 4−6× more BEVs- 2−4× more fast charging High traffic locations are paramount to capture this market Fastned # locations to grow 3× Revenue potential growing accordingly 353→ 1,000 2−4× 4−6× €86m Fastned 2024 revenue related to charging BEV stock growth 1 Fast charging share growth 2 Fastned # of stations (on right locations) Fastned’s revenue potential 29
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H1 2025 financials: strong revenue growth, expanding country teams 1 4 2 Strong organic and inorganic revenue growth Fastned has two big revenue growth drivers: ● Organic volume growth, at +18.5% Y oY in H1 2025, at the 296 stations operational at 1 January 2024. ● Inorganic volume growth through new station openings, at +11.5% Y oY in H1 2025, with 67 stations opened since 1 January 2024. 1 Expansion of Operational EBITDA Due to gross margin expansion, despite Network operating cost growth Main drivers of Network operation cost growth are expanding operations teams in the various markets and increased grid fees 2 High expansion effort explains negative net profit Negative net profit level almost fully attributable to network expansion costs. These costs are expensed now, but will yield over the 15+ years of the stations’ lives 4 30 First half (unaudited) € million Y oY % 2025 2024 2023 Revenues related to charging 44% 54.3 37.8 26.1 Gross profit related to charging 38% 41.0 29.8 19.6 Gross profit per kWh (€) 0.50 0.47 0.47 Network operation costs 54% (23.2) (15.0) (9.0) Network operation costs per charger (€k) 10.4 8.3 6.6 Operational EBITDA 21% 17.9 14.7 10.6 Operational EBITDA margin 33.0% 39.0% 40.6% Network expansion costs 50% (16.3) (10.9) (7.8) Underlying company EBITDA 1.4 3.2 2.8 Exceptional items 1.6 0.1 (3.3) EBITDA 3.0 3.3 (0.5) D&A and provisions (13.0) (9.8) (6.9) Finance income / (cost) (8.2) (4.9) (2.2) Underlying net profit (19.9) (11.6) (6.3) Net profit (18.3) (11.4) (10.3) 3 Positive Underlying EBITDA Significant expansion of Network expansion costs, mainly location design and construction management in various markets, to increase construction pace to > 100 stations annually in next few years Marketing campaign also have an impact on EBITDA 3
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Appendix E Competition
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Outperforming competitors at co-locations1 17,4662 54,891 FastnedShell Total number of sessions in 2023 321) Charging Radar. 2) Shell Recharge Linkedin Case Study: 3× charging volumes at co-located Hackelaar stations with equal number of charging points
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Charging at motor service areas has as superior business case vs. location charging Stations on MSAs benefit from a naturally higher demand due to positioning on high traffic roads – resulting in ~3−4× more sessions per day Because people will charge at MSAs when their battery is low, rather than their fridge being empty, State of Charge (SoC) is expected to be lower, increasing maximum potential session sizes Dwell time behaviour is determined by the location of the charging station ● Supermarkets – drivers will occupy a charger until they finish their shopping, regardless of SoC ● MSAs – drivers will charge until they reach a sufficient SoC 33Notes: 1) Source: Wood Mackenzie. 2) Source: Eurostat, How much time do we spend shopping? Min value of Germany, Netherlands, Belgium and United Kingdom. 3) Assuming revenue of €0.50/kWh. 2030 business case comparison MSAs Supermarket Daily traffic 30,000 1,000 BEV penetration ~20% ~20% Daily BEV traffic 6,000 200 Capture rate 2.5% 20% Sessions / station / day 150 40 State of Charge 25% 50% Battery size 69 kWh1 69kWh1 Maximum session size 52 kWh 35kWh Dwell time 15 min 30 min2 Maximum session charge speed 207 kW 69 kW Utilisation rate 25% 25% Max. annual per charger throughput 453 MWh 151 MWh Max. annual per charger revenue €227k €76k Max. annual per station revenue €1,417k €252k 33
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Appendix F BEV Market
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Long term BEV growth drivers in place Government incentives - due to CO2 reduction targets Increasing supply of BEVs Battery technology advancements Growing consumer preference Increasing charging speeds & better infrastructure 35 1 2 3 4 5 Battery prices are continuing to fall and expected to fall below $60/kWh by 20301… Average battery pack prices $/kWh 1) Mobility Portal: Goldman Sachs "Battery Prices to Fall Below $60/kWh by 2030"
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Comparable ICE and BEV offerings are fast approaching price parity Improvements in battery prices and technology are driving the move towards price parity 36 Y ears Powertrain 2015 2025 2035? BEV VW e-Golf VW ID.3 Pure Mid-sized BEV Price €45,500 €33,300 €28,700 Real-world range 125 km 325 km 415 km Charging power 40 kW 145 kW 350 kW ICE VW Golf 1.4 TSI VW Golf 1.5 eTSI Mid-sized ICE Starting Price €31,400 €33,000 €33,000 ➔ BEV prices are rapidly falling and are soon to be cheaper than ICE counterparts. Battery prices, quality improvements, scale, and EU regulation are supporting the decrease in BEV purchase prices ➔ Structural, not temporary shift. Current EU BEVs still include 5‑year‑old tech and battery contracts, and therefore do not reflect future prices, while falling ICE volumes (down 50–80%) will erase scale advantages and make models like a €33k VW Golf hard to sustain. 1) Transport & Environment VW Golf Case study -27% x2.6 x3.6 -14% +28% x2.4 +0%+5%
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Five-minute charging: setting the stage for mass adoption, growing the appetite for public fast charging and increasing infrastructure efficiency • Technology continues to improve with BYD releasing 400km of range in five minutes charging • This technology is expected to form part of the BEV mass market adoption Share and absolute charging demand increases Public DC Public DC • Five-minute charge speeds will make fast charging more attractive than slow charging • This development takes away another key bottleneck to scale EV adoption Charging speeds continue to improve… Faster charging Shorter sessions for the same session size Fewer chargers need to service same demand • More investment would be needed in faster chargers and larger grid connections to accommodate 1MW charge speeds • However, fewer chargers and less civil works would be needed at stations to service the same demand …making EVs and fast-charging more appealing, scaling the market… …and improving infrastructure efficiency1 2 3 Public DC 37
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Appendix G Sustainability
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Improving ESG performance through fulfillment of roadmap milestones UN SDGs adopted in 2022 Completed and verified first double materiality assessment in late 2024, as shared in the 2024 annual report Completed first limited assurance engagement on 5 ESG KPIs in 2024, as shared in 2024 annual report Scope 1, 2 and 3 emissions were a KPI verified through limited assurance engagement (mentioned above) 39
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Regulatory compliance, footprint analysis and making a positive impact are the main pillars of our sustainability focus ● Fastned will continue to report at high level despite being out of scope for CSRD (Omnibus Package) ● Participated in first limited assurance engagement on 5 ESG KPIs for 2024 annual report ● Completed CSRD-compliant double materiality assessment in 2024 ● EU Taxonomy eligibility Compliance and reporting ● Calculated CO2 footprint data for all Fastned stations based on LCA of a standard NL station ● Received limited assurance on scope 1, 2 and 3 emissions calculations for first time in 2024 ● Recertified for Level 4 of CO2 Performance Ladder in late 2024; Will recertify again in 2025 ● 2030 CO2 emissions / kWh reduction targets of: ○ 65% for scope 1, ○ 60% for scopes 2 and business travel, ○ 60% for scope 3 (rest of), ○ 60% for Capital Goods category1 ● Piloted low-carbon construction projects in 2022 and 2024; Investigating more opportunities ● Validated our 2023 Guarantees of Origin to give more transparency to customers; 2024 is nearly complete ● Engage in community outreach initiatives ~3−4 times a year across entire organisation ● Became B Corp certified in Q3 2024 Understanding our footprint Making a positive impact 40 Notes: 1) 2022 as base year
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Appendix H Future Industries
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42 Gentbrugge Zuid collaborating with authorities to deliver a fully electric and user-centric service area July 2025: Gentbrugge Zuid opens Weeks since opening MWh delivered
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We are getting ready for all the electric trucks on the roads More and more trucks are coming to the roads More and more trucks are coming to the roads Image source: Hans Hermans, Fastned founder 43
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Contact Victor van Dijk Chief Financial Officer victor.van.dijk@fastned.nl