Ferroamp (FERRO) Investor Update summary

Business overview and product strategy

• Offers hardware and software platforms to optimize solar panels, battery storage, EV charging, and soon heat pumps.

• Unique in providing upgradable systems, ensuring future-proof solutions for evolving energy needs.

• Focuses on energy optimization, support services, and continuous software updates for best customer experience.

• Holds patents for phase balancing, helping customers avoid main fuse issues and save money.

Market trends and regulatory environment

• Market for connected solar systems declined in early 2024, but pre-registrations indicate a likely rebound in Q2.

• New power tariffs for homeowners are being implemented, significantly increasing annual costs for those with high energy use.

• Optimizing energy consumption is increasingly complex, with potential savings up to 16,000 SEK per year for standard homes with EVs.

Product innovation and customer value

• Launched an AI-driven service in spring to optimize energy use based on prices, tariffs, weather, and usage patterns.

• Tests show up to 40% savings for homes using the new system under current tariffs.

• Strategic partnership with a heat pump company enables entry into major European markets without heavy local investment.