IONITY Financing

Question 1

IONITY - (headline)

Answer 1

• Record financing
• Expand critical infrastructure; for-
• Europe’s electric future

Question 2

IONITY - business operations?

Answer 2

EV chargers

Question 3

INOITY transaction value

Answer 3

EUR600 million - largest loan transaction in Europe’s EV charging industry
(marks market’s trust in INOITY’s long term vision)

Question 4

IONITY - internal drivers

Answer 4

Expansion (only EU network w/ uniform 800v capacity)

Compete w/ Tesla and other rivals

Bridge revenue gap - high upfront cost as charging stations only profitable once they’re scale, have to wait for revenue to catch up

Reduces reliance on gov subsidies/EV targets/energy policies - have their own financing that can sustain independent of these factors.

Question 5

IONITY - wider influences

Answer 5

Gov bans on petrol + diesel - driving EU adoption of EVs

Security concerns over energy dependence (Russ/Ukr War) - shift to EVs and charging infrastructure

Consumer standards rising - want faster, reliable, convenient charging (range anxiety)

Push for Green Loans in financing - becoming mainstream way to finance sustainable infrastructure

Question 6

IONITY - firm involvement

Answer 6

Proj Fi - Facility Agreement, Accordian facility, Green Loan verification

multi-jurisdictional advice

Question 7

INOITY - Accordian Facility

Answer 7

clause allowing INOITY to draw extra 150m euro later (under spec conds) w/out renegotiating entire deal