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REIMAGINE THE ENERGY EXPERIENCE NASDAQ: FLUX December 2025
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SAFE HARBOR LANGUAGE COMPANY DECK 2 DISCLAIMER Cautionary Note Regarding Forward-Looking Statements Statements in this presentation about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” These include statements regarding our ability to continue as a going concern; our ability to comply with the terms of our agreement with Gibraltar Business Capital, LLC; the expense, timing and outcome of legal proceedings relating to our accounting practices, financial disclosures and employment policies and practices; our ability to meet projected revenue targets and generate cash from operations as a result of delays in new orders for our energy storage solutions; our ability to remediate material weaknesses in our controls and procedures and also those identified in our internal control over financial reporting, or to accurately or timely report our financial condition or results of operations, which may adversely affect our business and stock price; our ability to regain compliance and continue to meet the continued listing standards of the Nasdaq Stock Market LLC; our ability to secure sufficient funding to support our current and proposed operations; our ability to manage our working capital requirements efficiently; our ability to obtain the necessary funds from our credit facilities; our ability to obtain raw materials and other supplies for our products at existing or competitive prices and on a timely basis; our anticipated growth strategies and our ability to manage the expansion of our business operations effectively; our ability to maintain or increase our market share in the competitive markets in which we do business; our ability to grow our revenue, increase our gross profit margin and become a profitable business; our ability to fulfill our backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; our ability to keep up with rapidly changing technologies and evolving industry standards, including our ability to achieve technological advances; our dependence on the growth in demand for our products; our ability to compete with larger companies with far greater resources than us; the impact of tariffs on our ability to cost-effectively source battery packs and materials used in our products; and statements regarding our results of operations and financial position, planned products and services, business strategy and plans and objectives of management for future operations. The words, without limitation, “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,”“plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Further, there are other risks and uncertainties that could cause actual results to differ from those set forth in the forward-looking statements and they are detailed from time to time in the reports we file with the Securities and Exchange Commission. However, new risk factors and uncertainties may emerge from time to time, and it is not possible to predict all risk factors and uncertainties. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements contained in this presentation are based on the current expectations of our management team and speak only as of the date hereof, and we specifically disclaim any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Non-GAAP Financial Measures This presentation includes certain financial measures not prepared in accordance with generally accepted accounting principles (“GAAP”), including Adjusted EBITDA. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to measures prepared in accordance with GAAP. In addition, our presentation of these measures may not be comparable to similarly-titled financial measures used by other companies. We believe that these non-GAAP measures, when viewed with our results under GAAP and the accompanying reconciliations, provides useful information about our period-over-period results. These non-GAAP measures are presented because we believe they provide additional information with respect to the performance of our fundamental business activities and are also frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management in determining these non-GAAP financial measures. Please refer to the Appendix of this presentation for a reconciliation of these measures to the most directly comparable measure evaluated in accordance with GAAP. Market & Industry Data This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other industry data. This data involves several assumptions and limitations, and you are cautioned not to give undue weight to such estimates. The Company has not independently verified the statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, it cannot guarantee their accuracy or completeness. In addition, projections, assumptions and estimates of its future performance and the future performance of the industries in which it operates are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by the Company. For more information, please refer to risk factors discussed in Company's periodic filings with the SEC. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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ABOUT US We design and manufacture advanced lithium-ion intelligent battery packs and energy management systems (firmware, cloud software) used in industrial and commercial equipment for material handling (forklifts etc..,) and airport ground support equipment (GSE). Our vision is to empower every partner and customer with advanced, sustainable technological solutions that not only meet today's needs but also pioneer new paths for tomorrow’s energy landscape. Leadership Innovation - Inclusivity Ownership Nurturing 3
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COMPANY DECK 4 F LU X P OW E R AT A G L A N C E Lithium-ion energy solutions for electrification of industrial and commercial sectors Source: Company Filings; market data as of 10/1/2025 Fiscal year ends June 30. All financial data reflects the company's fiscal reporting period. COMPANY PROFILE ➢ Leader in next-gen battery technologies and connected energy storage solutions ➢ Battery Packs Placed: 28,000+ ➢ Target Markets: Material Handling (Forklifts) and Ground Support Equipment (GSE) ➢ HQ Vista, CA - 64,000 sq. ft facility can support production for +$150M annual sales ➢ Proprietary cloud-based Energy Management System & Telemetry with our SkyEMS SaaS offering REVENUE ($M) & GROSS MARGIN PROFILE $42.3 $66.5 $60.8 $66.4 13.2% 23.9% 28.3% 32.7% FY22 FY23 FY24 FY25
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COMPANY DECK 5 N E W L EA D E RS H I P T EA M Kevin Royal Chief Financial Officer Mark Barmettler Vice President of Engineering Kelly Frey Chief Revenue Officer Jeff Mason Chief Operating Officer Krishna Vanka Chief Executive Officer
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6 K E Y ST R AT EG I C O B J EC T I V ES COMPANY DECK Flux Power is taking strategic steps to accelerate growth and reinforce market leadership PROFITABLE GROWTH • New Leadership with expertise and commitment to drive growth with profitability OPERATIONAL EFFICIENCIES • Optimizing and re-negotiating with supply chain (inc. tariff effects) and right sizing internal teams SOLUTION SELLING • Experienced CRO focused on generating sales motion and relevant marketing strategies BUILD RIGHT PRODUCTS • Modular approach to save costs and build products for scale with voice of customer SOFTWARE & RECURRING REVENUE • Launched SkyEMS 2.0 SaaS platform to make every battery intelligent and connected
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COMPANY DECK 7 W H Y L I T H I U M ? ➢ Low total cost of ownership and significantly reduced energy loss compared to lead acid ➢ Transitioning to lithium-ion technology is smoother due to minimal infrastructure adjustments required (Plug and Play) ➢ Lithium-ion batteries are smarter and efficient with data feed and remote management Advantages of Lithium-Ion Lithium-Ion Benefits • Less Maintenance • No Battery Watering • Easy charging • Less Physical Space • Healthier air • No Battery Room • 37-52% Lower TCO over 4 years • Intelligent: Energy Management • Savings: Peak Shaving • Telemetry Usage Insights • State of Health • Remote Diagnostics
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COMPANY DECK 8 C O ST A N A LYS I S L I T H I U M v s L EA D AC I D Attribute Flux Power Lithium Batteries Lead Acid Batteries Performance One battery required for multi-shift operations Multiple batteries required for multi-shift operations Lifespan(1) 3,000-5,000 cycle life 500-1,500 cycle life Efficiency(2) More efficient energy usage (30-50%) Less efficient energy storage Maintenance No required regular maintenance Regular watering, weekly equalization charges Environmental Saves tons of CO2 Produces off gasses; acid spills require EPA reporting Cost Lower total cost of ownership Lower initial purchase cost per battery Warranty 5 years – 10 years 2 years – 5 years (1) The model evaluates the impact of implementing LIB when purchasing a new fleet of vehicles, such as for a new facility. This analysis uses a 50-truck, LAB, three-shift operation as the baseline. Source: https://www.raymondcorp.com/information/raymond- literature/white-papers/impacts-of-lift-truck-power-choice-on-productivity-and-profitability $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 CUMULATIVE $4.6M SAVINGS OVER 6 YEARS (50 Lift Trucks) Lithium-ion vs. Lead Acid(1)
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COMPANY DECK 9 E L EC T R I F I C AT I O N P O RT F O L I O & V E RT I C A L S Images above depict Flux Power batteries along with the machines they are designed to power Warehouse Manufacturing L – Series Class 1 3-Wheel Airport Ground Operations G – Series Airport GSE Mobile BESS EV Charging Industrial Applications C – Series Industrial Equipment AGVs / AMRs Distribution Centers Warehouse Facilities M – Series Class 2 Narrow Aisle Class 3 End Rider / Center Rider X – Series Class 1 Counterbalanced Food & Beverage S – Series Class 3 Walkie Pallet Jack Warehouse Facilities UL Certified Warehouse Manufacturing Third-party UL certification of performance and safety validates efficiency, durability, and seamless integration of solutions in customer applications, where applicable.
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COMPANY DECK 10 N E W PAT E N T S : C O N T I N U O U S LY D R I V I N G I N N OVAT I O N PREDICTIVE QUANTUM BALANCING • A breakthrough approach designed to optimize performance, extend battery life, and reduce operational downtime. ADVANCED BATTERY STATE OF HEALTH TECHNOLOGY • Proprietary technology integrating AI and software intelligence for adaptive, data-driven electrification to extend battery life. INTELLIGENT BATTERY CYCLE LIFE MAXIMIZATION ALGORITHM • Pioneering the Future of AI-Driven Energy Optimization Recognizing Flux Power’s continued drive towards innovation, The U.S. Patent and Trademark office recognized has awarded Flux Power with three patents in 2025:
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COMPANY DECK 11 F L E E T E F F I C I E N C Y W I T H S M A RT T E L E M AT I C S Improve asset performance through battery intelligence to drive operational efficiencies SkyEMS is a cloud-based energy management solution built for Flux Power batteries to work with modern fleets. Key Features Real Time Monitoring Deep real-time insights into battery performance and alerts on events Remote Diagnostics Remote expert level assistance for service and repair teams to reduce downtime Custom Dashboard and Alerts Dashboard and customizable reporting to meet specific KPIs and reporting requirements APIs and Fleet Integrations SkyEMS easily integrates with your current fleet telematics and charger management systems AI/ML Driven Savings Identifies best practices for fleet readiness, asset optimization, predictive maintenance and forecasting
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COMPANY DECK Customers seeking lower cost & higher performance lithium-ion battery packs ✓ Industry transitioning from internal combustion to electric power ✓ OEMs are shifting from traditional lead acid batteries to lithium-ion batteries in their forklift fleets ✓ Corporations in warehousing, e-commerce, automotive, and food & beverage leading the shift to lithium-ion forklifts ✓ Lithium-ion batteries are safer, lacking toxic lead, acid, and explosive gases, with Lithium Iron Phosphate (LFP) offering better thermal stability Material Handling Equipment X-Series: X48 M-Series: M36 (1)Wise Guy Reports, “Lithium Battery Forklift Market,” 2025 https://www.wiseguyreports.com/reports/lithium-battery-forklift-market Lithium Battery Forklift Market TAM ($B) (1) $2.3 $2.5 $2.7 $2.9 $3.2 $3.5 $3.8 $4.1 $4.5 $4.9 $5.3 $5.8 $0 $1 $2 $3 $4 $5 $6 $7 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 E L EC T R I F I C AT I O N R A P I D LY E X PA N D I N G I N M AT E R I A L H A N D L I N G 12
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COMPANY DECK Customers seeking lower cost & higher performance lithium-ion battery packs (1) Ground Support Worldwide, AviationPros, 2024 (2) Imarc Group Market Research ✓ Airlines (Delta, United) and logistics companies (FedEx, Amazon) are electrifying their fleets ✓ 65% of survey participants plan to adopt eGSE in 5 years; 19% in 6-10 years according to a 2024 eGSE Report (1) G-Series: G80 G-Series: GSE 3 Ground Support Equipment (GSE) Electrification US GSE Equipment TAM ($B) (2) $4.2B $4.9B $5.3B $5.7B $6.1B $6.6B $7.1B $7.7B $8.2B $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 2025 2026 2027 2028 2029 2030 2031 2032 2033 G RO U N D S U P P O RT EQ U I P M E N T A D O P T I N G L I T H I U M I O N 13
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14 B LU E C H I P C U STO M E R B A S E I N M U LT I P L E S EG M E N T S Airport GSEFood & Beverage Retail & Grocery Distribution Manufacturing
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COMPANY DECK 15 C U STO M E R T EST I M O N I A L S “Flux Power provides a quality product and has a great support team to ensure your field locations have support which is key in the transition from lead acid to lithium-ion.” Cathy Ratchford – Senior Director of Transportation, North Division “Ground support equipment at Delta's hubs in Salt Lake City and Boston are nearly entirely powered with electricity, a huge step toward the airline's aspirational goal of a 100% net- zero ground operation around the world. We’re grateful to our airport partners for their collaboration and support.” “I like the onboard battery monitoring and charge cycle programming. This is one of the few lithium batteries that will let us use a standard opportunity charge charger.” Steve Pesha – Plant Engineering Supervisor Delta Airlines – Staff writer Pam Fletcher – Delta Chief Sustainability Officer
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COMPANY DECK S U M M A RY F I N A N C I A L STAT I ST I C S As of September 30, 2025 All Values in Millions USD Revenue Gross Profit Gross Margins Adj. EBITDA* FY2023 FY2024 FY2025 FY2026 Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Source: Company Filings *Adjusted EBITDA is determined by taking net loss and adding interest, taxes, depreciation, amortization, and stock-based compensation expenses. $17.8 $17.2 $15.1 $16.4 $14.8 $18.2 $14.5 $13.4 $16.1 $16.8 $16.7 $16.7 $13.2 $3.6 $4.0 $4.7 $3.6 $4.2 $5.4 $4.0 $3.6 $5.2 $5.5 $5.3 $5.8 $3.8 20.3% 23.3% 31.0% 22.0% 28.6% 29.6% 27.8% 26.8% 32.4% 32.5% 31.6% 34.5% 28.6% $(1.7) $(1.0) $(0.7) $(1.3) $(1.2) $0.2 $(1.7) $(1.2) $(0.4) $(0.5) $(1.1) $(0.6) $(1.7) 16
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COMPANY DECK 17 E-mail Flux-ir@fluxpower.com Website fluxpower .com Phone 877-505-3589 Address 2685 S Melrose Dr, Vista, CA 92081