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16 January 2025 Trading Update Q3 2026 15 October 2026 Banbridge station in Northern Ireland
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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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01 Q3 2026 highlights 02 BEV market update 03 Business update Content & speakers Michiel Langezaal CEO & Co-founder 3 Remco Samuels Interim CFO 04 Q3 2026 station economics 05 Guidance and outlook
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4 451 Operational stations +26 High traffic locations signed2 €82.4m Cash position 67GWh Energy Delivered +43% Y oY €51.3m Revenues related to charging1 +63% Y oY €37m (€0.55/kWh) Gross profit +44% Y oY Q3 2026 Highlights 60.7kt CO2e avoided +43% Y oY 2.3m Sessions handled +39% Y oY Note: All Q3 figures are unaudited and may be subject to change. 1) Includes carryover Dutch e-credits impact from Q1 2026, for more details refer to Appendix 2) 4 locations under development were discontinued during the quarter +30 Y oY
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Stronger EU policy on broad electrification of industry is accelerating the mega trend of electric vehicles in Europe 5 Policy landscape 2026 Notes: 1) Figures in millions of passenger cars. Includes Fastned’s operating geographies with short and long term targets such as Ireland, Poland, Austria. Source: Schmidt Automotive Research September 2026. BEV fleet1 2026−2030 ~30% growth p.a. 2030−2036 ~20% growth p.a.
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BEV sales growth accelerates across Europe in Q3 2026 Source: European Automobile Manufacturers’ Association (ACEA). 1) BEV penetration and sales data for Q3 2026, excluding September 2026 data. BEV penetration1 8.4% 23.7% 5.2% 6.1% 4.8% 6.0% 1.3%9.5% Battery electric vehicle sales growth Q3 2026 vs. Q3 2025 Ramping-upTowards mass adoption Early adoption 1.1% 6
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2026 Strategic priorities: Build, Grow, Optimise 7 1 2 3 Station roll-out Revenue growth Organisational efficiency
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60 station milestone Solidifying Fastned's position in Belgium in Q3 8 Libin Galaxia full service station opening
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1st Kiosk in France, Thionville Yutz 17th station in German highway tender Continuing to build strong positions in France and Germany 9 10th station in Regional tender with Rheinberg
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Current Q3 station roll out continues strong Station openings per quarter1 1) Historical average of station openings from 2020−2025 During Q3 2026 26 New contracts signed 65 Under construction 10 17 New stations opened 451 Operational stations
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Results Station sales continued to grow with energy delivered per average station in Q3 increasing by 21% Y oY. Organic sales growth for Q3 2026 (excl. new stations that are in ramp up) was 27.2%, compared to BEV fleet growth of 29%6. Operating costs per station have normalised in line with the organisation scaling and opex being optimised Station economics continue to improve €k Average station Q3 2026 Average station Q3 2025 Average daily traffic ~30k ~30k BEV fleet penetration ~7.3% 1 ~5.7% 1 Average # of chargers 6.6 6.4 Sessions per day 57 49 Average MWh (Annualised) 596 MWh 495 MWh Annualised revenue / station 4122 333 Gross margin 326 (€0.55/kWh) 269 (€0.54/kWh) Operating costs per station 1373 1444 Operational EBITDA (B) 189 (46%) 124 (37%) Initial investment (A)5 991 892 ROIC (= B / A) 19% 14% Time-based utilisation rate5 13.5% 12.2% ROIC at 30% utilisation, current charge speed >40% >40% 1111 Note: 1) Average across Fastned countries, weighted by the number of stations in each country, 2) Annualised revenue related to charging for the period. This figure excludes €5.1m in E-credit revenue included in the official reporting revenue figure due to a delay in the e-credit settlement platform. See appendix for more details. This figure also includes revenue from Places for London JV sites which are not included in IFRS revenue related to charging 3) based on €20.8k per charger for H1 26 4) based on €22.6k per charger for full year 2025, 5) Time-based utilisation calculated as = (average session duration (hrs) * average sessions per day) / (number of chargers * 24 hours). 5) Non-depreciated PP&E relating to charging stations, including Right of Use assets. Q3 2025 and 2026 figures are as at 30 September 2025 and 2026 respectively. 6) Station weighted fleet growth for Fastned’s operating markets.
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Guidance & outlook 121) Before (positive) EBITDA impact from the German highway tender 12 2026 Network • 70−100 new stations in 2026 (476 to 506 stations operational) • Target of 1,000 stations before 2030 Financial • Revenue / station €350−400k in 2026 • Operational EBITDA margin ~45% in 20261
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SECTION 04 Q & A 13
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Appendix 14
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Q3 2026: 450+ operational stations across 9 geographies Stations in operation451 Total secured locations7451 Historical station pipeline 15 1) 4 projects (4 sites) were discontinued during Q3 2026.
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Sites secured on private and public land Network expansion capabilities continue to deliver, with strong site acquisition pace year to date. 16
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Pioneering the way with 3,010 chargers across our scalable network 300kW+ 1011 197 15 1,223 387 24 - 411 420 4 4 428 503 - - 503 238 13 20 271 74 - - 78 64 - - 64 16 - - 16 16 - - 16 Total 91% 8% 1% 100% 150−200kW 50kW Total 17
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Key operating data – Netherlands and Germany 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 Period end BEV penetration 0.5% 1.2% 2.0% 2.8% 3.7% 4.8% 6.0% 7.1% 7.4% 8.0% 8.4% Sessions per station per day (ave for the period) (A) 8.6 15.2 15.9 22.5 36.4 50.3 57.3 65.3 78.1 72.3 74.4 Average charge speed (kW) (B) 35 39 43 48 56 61 63 67 65 72 75 Charge time (min) (C) 22 24 24 23 23 22 22 21 22 20 20 kWh per session (A x B / 60 min = D) 13 15 17 19 21 23 23 24 24 25 25 kWh per station per day (A x D) 112 235 272 419 762 1,136 1,329 1,561 1,890 1,780 1,853 Number of stations period end 77 98 105 132 151 168 181 184 184 184 185 Period end BEV penetration 0.2% 0.3% 0.6% 1.3% 2.1% 2.8% 3.3% 4.0% 4.3% 4.7% 5,2% Sessions per station per day (ave for the period) (A) 2.3 4.1 4.5 8.9 16.1 23.5 27.3 26.7 28.9 25.9 31.3 Average charge speed (kW) (B) 28 51 57 54 59 64 70 75 76 81 83 Charge time (min) (C) 26 30 29 30 31 31 30 29 29 26 26 kWh per session (A x B / 60 min = D) 16 25 28 27 31 33 35 36 36 35 36 kWh per station per day (A x D) 37 103 125 242 493 783 945 963 1,038 910 1,112 Number of stations period end 8 15 18 31 37 39 42 54 54 66 69 The NetherlandsGermany 18
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Key operating data – Belgium and United Kingdom 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 Period end BEV penetration 0.5% 0.9% 1.5% 2.2% 4.0% 7.0% 7.8% 8.8% 9.5% Sessions per station per day (ave for the period) (A) 1.4 8.0 25.0 42.1 49.6 52.8 61.9 58.8 61.2 Average charge speed (kW) (B) 60 61 68 71 72 7 4 70 78 82 Charge time (min) (C) 25 24 24 24 24 24 25 23 22 kWh per session (A x B / 60 min = D) 25 25 27 29 29 29 30 30 30 kWh per station per day (A x D) 36 197 681 1,219 1,442 1,539 1,827 1,750 1,853 Number of stations period end 1 9 18 24 36 52 52 55 60 Period end BEV penetration 0.6% 1.2% 1.9% 2.7% 3.7% 4.9% 5.2% 5.8% 6.1% Sessions per station per day (ave for the period) (A) 2.9 6.0 19.0 26.3 30.8 28.0 30.1 28.5 30.2 Average charge speed (kW) (B) 30 34 42 47 47 54 52 58 62 Charge time (min) (C) 38 42 40 39 40 36 36 32 31 kWh per session (A x B / 60 min = D) 19 24 28 30 31 33 31 31 32 kWh per station per day (A x D) 54 142 526 798 964 911 933 884 952 Number of stations period end 6 8 11 20 30 37 38 39 42 BelgiumUnited Kingdom 19
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Key operating data – France and Fastned Total 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 Period end BEV penetration 1.0% 1.6% 2.3% 3.0% 3.8% 4.1% 4.5% 4.8% Sessions per station per day (ave for the period) (A) 0.7 7.5 17.7 28.5 36.3 35.8 47.9 60.7 Average charge speed (kW) (B) 54 59 64 65 70 67 73 77 Charge time (min) (C) 30 29 29 29 28 29 27 27 kWh per session (A x B / 60 min = D) 27 29 30 31 33 32 33 35 kWh per station per day (A x D) 19 218 538 897 1,184 1,145 1,574 2,118 Number of stations period end 6 23 38 44 59 60 62 66 Period end BEV penetration 1.3% 2.1% 2.9% 3.9% 4.9% 6.0% 6.4% 7.0% 7.4% Sessions per station per day (ave for the period) (A) 12.5 15.5 26.0 39.9 45.8 49.5 55.6 52.9 56.7 Average charge speed (kW) (B) 43 49 56 61 64 69 66 7 4 77 Charge time (min) (C) 24 24 24 24 24 24 24 23 23 kWh per session (A x B / 60 min = D) 18 19 22 25 26 27 27 28 29 kWh per station per day (A x D) 220 301 583 986 1,186 1,335 1,506 1,471 1,633 Number of stations period end 131 188 244 297 346 406 414 434 451 FranceTotal 20
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Additional detail on accounting treatment of e-credits For NL, BE and DE at quarter-end, we confirm the average market price and the volume of e-credits generated in the quarter with our counterparties in accordance with our sales contracts (for FR we sell based on spot transactions). Subsequently, e-credits are booked as inventory and we recognise the gain from the government grant. → negative e-credit COGS recognised in P&L → credit receivable e-credit granted + debit inventory Once the government confirms the claimed credits, they can be transferred to the counterparty via a government platform and be invoiced. The actual transfer and invoicing of the e-credits to the counterparty depends on the availability of the respective government portals. → credit revenue on sale of e-credits + debit e-credit receivable → credit inventory + debit e-credit COGs → net zero impact on P&L 2 1 Counterparty pays cash to settle invoice → cash increase → decrease receivable e-credit granted 3 Accounting treatment of e-credits €k IFRS NL e-credit impact adjusted Charging revenue 34,384 34,834 Sale of e-credits 1,478 5,077 6,555 Total revenues related to charging 35,862 5,077 40,939 Charging cost of sales 7,249 7,249 E-credit cost of sales (5,281) 5,077 (203) Total cost of sales 1,969 5,077 7,046 Gross profit 33,893 - 33,893 Q2 2026 reconciliation (from H1 update) 21 €k IFRS NL e-credit impact adjusted Charging revenue 39,567 39,567 Sale of e-credits 11,782 (5,077) 6,705 Total revenues related to charging 51,350 (5,077) 46,272 Charging cost of sales 10,423 10,423 E-credit cost of sales 4,338 (5,077) (739) Total cost of sales 14,761 (5,077) 9,684 Gross profit 36,588 - 36,588 Q3 2026 reconciliation €k IFRS adjusted Total revenues related to charging 87,211 87,211 Total cost of sales 16,730 16,730 Gross profit 70,481 70,481 Q2 + Q3 2026 E-credit adjustment is only a temporary impact - adjusted and IFRS figures are equivalent for Q2 + Q3
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Retail bond and bank financing platforms to continue to fund the 2027 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: >€ 337 million in retail bond funding Cash level: Current cash level of c. €82.4m (September 2026) Funding to date: 22 Bank Financing: €200m in limited recourse debt for Belgium and Switzerland (€100m committed + €100m uncommitted accordion). ~€19 million has been drawn to date.
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Fastned bond portfolio overview Funding: ● €69m raised in 2026 ● €337m outstanding as of September 2026 ● Covenant free funding of our network expansion Investor base & issuance ● 3 issuance rounds per year ● Investor pool of 12,000+, adding on average ~800 new investors per new issue ● >50% of maturities extended by existing investors