Forsee Power (FORSE) Investor presentation summary

Global positioning and market presence

• Operations span Europe, USA, India, China, Japan, and Australia, with five factories across three continents and three R&D centers in France and China.

• Over 4,500 buses and 145,000 light electric vehicles equipped with their batteries, leading in Europe outside China.

• Partnerships with more than 10 off-highway vehicle manufacturers and a diversified client portfolio.

• Recognized for sustainability, ranked in the top 5% by Ecovadis in December 2024.

Technology, innovation, and product development

• Offers multiple battery chemistries (LFP, NMC, LTO) and modular, scalable systems for commercial, rail, and off-highway vehicles.

• Proprietary BMS and diagnostic tools, with advanced cybersecurity and cloud connectivity.

• Seven test labs, 170+ advanced equipment, and a database of 680+ cells from 75+ suppliers.

• Continuous innovation: cell-to-pack, slim modular systems, cloud-connected batteries, and advanced simulation models.

Financial elements and funding strategy

• Satisfactory growth expected in Q2 2025, with adjusted EBITDA for H1 2025 up versus H1 2024.

• Q1 2025 revenue: €47.0M from heavy vehicles and €33.1M from light vehicles.

• Financing strategy targets over €50M, including a €20M capital increase, €20M EIB loan rescheduling, and new short-term bank lines.

• 70% of raised funds allocated to innovation and new product development, 30% to industrial site investments.