Beam Global (BEEM) Investor update summary

Business evolution and operating footprint

• Portfolio spans EV charging, energy storage and generation, smart-city infrastructure, micromobility and drone technologies, built through acquisitions and internal product development.

• Acquisitions of AllCell, Amiga and Telcom expanded battery, European manufacturing and power-electronics capabilities; vertical integration supports supply security, product control and margin capture.

• Global operations include ~227 employees and manufacturing facilities in California, Arizona, Illinois, Belgrade and Kraljevo; U.S. and European production serves respective regional markets.

• Q3 2026 revenue increased 8% YoY despite the halt in U.S. federal government acquisitions in Jan. 2025; federal customers had previously represented as much as 70%–80% of annual revenue.

• Middle East infrastructure investment exceeds $1T, while conflict has stalled activity; expansion plans also target Africa, where distributed energy and transport infrastructure are seen as opportunities.

ScoutDI acquisition and financing

• Share purchase agreement signed for a $24M acquisition; consideration combines cash and stock, with more cash than stock and potential revenue-linked earn-outs in 2026 and 2027.

• Non-dilutive cash financing commitments are in place on terms described as manageable; ScoutDI shareholders will receive equity and remain involved, while the acquired business is expected to be debt-free.

• ScoutDI has 83 customers across 31 nations, including Exxon, Chevron and Shell, and has completed more than 7,000 inspection flights in demanding environments.

• Tethered drones offer unlimited flight time, operate without GPS in complex environments and send data over a wire; AI-enhanced Scout Portal software creates digital twins and supports inspection analytics.

• ScoutDI systems are sold with recurring, high-margin software revenue; inspections that previously took teams days or weeks can be completed in two to three hours, with workers kept out of hazardous areas.

Integration and growth opportunities

• Existing facilities and skills are expected to support U.S. and European drone manufacturing without significant capital or operating-cost increases; management targeted producing a U.S.-made drone in 2026.

• U.S. manufacturing is required to satisfy ScoutDI’s conditional Pentagon approval; European production will continue, with ScoutDI facilities increasingly focused on product development.

• Existing customer relationships, contracts and sales channels are intended to accelerate distribution; battery, power-electronics and charging capabilities will expand drone integration and support untethered products.

• Inspection is the initial focus, with potential expansion into mining, tunnels, sewers, package delivery and other applications; cited total addressable market is $5.5B, with the targeted market described as moving from a few hundred million dollars to $1B.

• Management expects higher production volume to reduce factory overhead per unit and improve GAAP gross margins; it also highlighted battery opportunities in AI data centers and continued mobility and infrastructure expansion.