Fastned (FAST) Investor presentation summary

Strategic positioning and market leadership

• European leader in public DC fast charging, focusing on high-traffic locations to maximize usage and revenue potential.

• Recognized for best-in-class charging concept, high reliability, and strong customer experience, with a 99.9% uptime and high NPS.

• Outperforms competitors at co-located sites, delivering up to 3x more charging sessions than peers.

• Maintains a robust pipeline with 624 secured locations and 380 operational stations across nine countries as of Q3 2025.

• Targeting 1,000 stations by 2030, with a majority on or near high-traffic roads.

Financial performance and growth

• Q3 2025 charging revenues rose 44% YoY to €31.5m, with energy delivered up 32% YoY to 46.8 GWh.

• H1 2025 charging revenues reached €54.3m, up 44% YoY, driven by both organic growth and new station openings.

• Gross profit per kWh increased to €0.54 in Q3 2025, with operational EBITDA margin within 35-40% guidance.

• Annualized revenue per station grew to €3.3m in Q3 2025, with ROIC at 16% and potential to exceed 40% at higher utilization.

• Current cash position at €87m, with over €270m raised via retail bonds and €250m in equity funding.

Market trends and business environment

• BEV fleet in operating geographies projected to surpass 30 million by 2030, driving a >€10bn fast charging market.

• BEV sales as a percentage of total car sales continue to rise, with key markets showing strong double-digit growth.

• Regulatory support and falling battery prices are accelerating BEV adoption and narrowing the price gap with ICE vehicles.

• Fast charging demand is expected to grow 2-4x by 2030, with high-traffic locations critical for capturing market share.

• Technological advances, such as five-minute charging, are set to further boost public fast charging demand.