EUROPEAN LEADER IN FAST CHARGERS

FOR ELECTRIC VEHICLES

HSBC CONFERENCE - LONDON NOVEMBER 2017

DBT, THE ONLY LISTED PURE PLAY ON THE HIGH GROWTH EV SECTOR

READY FOR GROWTHInvestment maintained

Sustained investment in products and production capacity calibrated for >200 stations per month Wide distribution network in Europe, partnerships with car manufacturers

Profitability boosted by €1m cost optimisation program, new products at higher gross margin, ramp up of revenue in services with €5m expected in 2017/2018

Successful re-financing via €5.2m convertible bonds (March 2017 / July 2017),

European leader: 55% market share of fast Chargers for EVs ** 2,100 fast charger base, 450 clients, 37 countries Major partnership in Europe with Nissan - #1 producer of electric vehicles in the World

EUROPEAN MARKET LEADEREstablished presence

PRODUCT & TECHNOLOGY LEADNew 150kWh fast charger

New generation QCNG150 ultra-fast charger (>150kWh) launched this summer

Best in Class in fast chargers: universal chargers (Combo, CHAdeMO, AC), superior reliability(near 100%), connectivity services and evolutive design – upgrade ready

HEALTHY FINANCIALSFocus on profitability

* Fast charger market (50kWh or more), Navigant Research 2** CHAdeMO website sources

2

INFLEXION POINT IN DEMAND+32% p.a. 2015-23e (*)

More Electric Vehicles (EV) + More battery power + More strategic initiatives= Accelerating demand for Fast Chargers

Secular growth: fast charging infrastructure for EV = top priority for EV consumer adoption

Global political support: France leading the EV charge (Climate Plan) Strategic shifts by leading Auto manufacturers (e.g. Volvo moving all electric/hybrid by 2019) Strategic M&A (e.g. Daimler and Siemens’ investments in ChargePoint)

CONVERGENCE OF POSITIVESAccelerating momentum

ACCELERATING MARKET MOMENTUM

1

… for electric vehicles and fast chargers

3

THE ELECTRIC CAR REVOLUTION BOOSTING DEMAND FOR NEW CHARGERS

>2 million electric cars sold globally in 6 years

+57% EV sales increase in 2016

+31% CAGR of EV sales in Europe 2015-2020

Soaring electric car sales

+

Higher power vehicles

50-150 kWh charging requirements

** Source : Navigant Research 4

Compatible with the 3 existing charging

standards: Combo, CHAdeMo, AC

Increasing demand for new generation fast chargers

=Fast = 20/30 min. charging for

150 km of driving

460

THE ELECTRIC CAR REVOLUTION BOOSTING DEMAND FOR NEW CHARGERS

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Annual sales of charging stations in $m *

Normal and semi-quick charge

Quick charge

$0.9bn

$3.9bn$3.3bn

$0.7bn

$70m

$500m

CAGR 2014-2023

+32% +25%

Source: Navigant Research5

DISCUSS WITH FRED

THE ELECTRIC CAR REVOLUTION: THE INFLEXION POINT IS NOW

Charging infrastructures: a top priority for Auto manufacturers to accelerate

consumer adoption of electric vehicles

6

• Charger market reaccelerating after a transitional year 2016 when operators waited for the launch of new generation chargers (>150kWh)• US operator ChargePoint raised US$82m in March 2017 from Daimler, BMW I Venture and US$43m

from Siemens in June 2017, etc…• All European oil majors planning to build ultra-fast chargers at petrol stations

Numerous governments initiatives in Europe and the US to promote EV adoptions

• Announcement by French environmental minister on a ban of the sale of petrol cars by 2040.• 16,800 public chargers in France, of whom 800 are fast chargers• One third of all cars sold in Norway are electric thanks to heavy tax incentives

Acceleration of initiatives by auto industry

• Volvo will only launch 100% electric or hybrid cars by 2019• Tesla is launching this month their first mass market vehicles - Model 3• The 30 major manufacturers recently announced the release of c 50 new models for 2020/22

DBT: A MARKET LEADER

2

in fast chargers in Europe

7

DBT: A EUROPEAN MARKET LEADER IN QUICK CHARGERS WITH STATE OF THE ART TECHNOLOGY

150 kWh power

quick charging

stations (QC)

delivered (YE17)

Facilities in 37

countries

market share for

CHAdeMO stations

In Europe**

All 3 Market standards

COMBO CCS

AC / ZE Ready

CHAdeMO

** installed CHAdeMO QCs (CHAdeMO website)

>98% average availability *

in Europe

#1 >2,100 ≈ 55% 37

Only charger

in the market able to

serve 2 cars at a time

2

* Source: Ecotricity network with DBT chargers (Jul-16 to Mar-17)

8

• Time*: 3-8h

• Power**: 3-7 kW

• Price***: €200-€1,000

NORMAL CHARGING

• Time*: 1h-3h

• Power**: 3-22 kW

• Price***: €500-€3,000

• Time*: 20-30 min

• Power**: 22-50 kW

• Price***: €15,000-€25,000

Home Office

SEMI-QUICK CHARGING QUICK CHARGING (QC)

• Time*: 15-20 min

• Power** 50-150 kW

• Price***: €35,000-€60,000

ULTRA QUICK CHARGING

Retail Highways

Core Business of DBT

* Average charging time

** Average power output

*** Indicative market price range excluding installation

Source: Navigant Research (quick charging) and DBT (other)

DBT IS SPECIALISED IN THE HIGH VALUE SEGMENT OF FAST CHARGERS (DC)

9

Objective:

>10,000 QCs delivered

by 2020

FROM PIONEER TO CLEAR #1 IN EUROPE

1990DBT founded by

Hervé BORGOLTZ

1992-19941st installations of normal

charging stations in La

Rochelle and Paris

2008"Grenelle de

l’environnement“ Forum

2011€4.5m capital increase

Summer 2017Launch of QCNG150

>15,000 normal and semi-quick

charging stations delivered**

>2,100 QC stations delivered *

* As of 2016 10

2012Manufacturing and sales

agreement with Nissan

2017Maintenance agreement

with Nissan

Dec. 2015IPO on Alternext

20131st installations of Fast

chargers in Europe

437

605

43

10

215

45

19

123

2

40

7

99

4546

8

34

7

1

2

8

41

2312

2

1

Number of QC stations delivered per country

7

12 agents in France

15 distributors in 18 countries

33 certified installers covering all

key European markets

450 clients references

2014 2023

24

324

x13

2014 2023

34

300

2014 2023

15

249

US Europe Asia

Global annual fast charging station sales ($m)

>2,100 QC STATIONS INSTALLED AND A SOLID DISTRIBUTION NETWORK

In New Zealand

In Israel

In South Africa

In Jordan

In Croatia

In China

1

17

14

6

3

76

3

11

DBT WELL POSITIONED VS. COMPETITION FOR THE ROLL OUT OF NEW CHARGERS

DBT has a 55% market share of installed DC fast chargers in Europe

Market segment with the least players due to high barrier-to-entry from R&D and know how.

55%

5%

15%

25%

Sources: CHAdeMO website

12

Limited number of competitors, have announced >50kWh chargers: DBT, ABB, Siemens and Efacec

No Ultra-fast

Chargers

announced

QC 50kWhQC 150kWhannounced

Evolutivity

Manufacturers

SoftwareEasy communication

update with car

PowerUpgrade capability

Supervision Remote diagnostics

Payment

solution(NFC, QR codes…)

High evolutivity –

Power upgrade

capability from

50kWh to 150kW

No option to

change power

level once

installed

No option to

change power

level once

installed

Connectivity

Added value for clients

Strength

Average

Weakness

LEADING ON TECHNOLOGY AND INNOVATION

Higher level of stations availability Low total-cost of ownership due to upgradable products Freemium internet platform for clients to manage their stations Built in payment solution to help client monetise their infrastructure

=> Increasing services and maintenance revenues supported by better connectivity13

=>

CONTINUOUS INCREASE IN CHARGER RELIABILITY - BEST-IN-CLASS

Stations availability has structurally increased over the past 2 years to best-in-class levels Operating experience from the largest installed charger base in Europe becoming a strong competitive advantage EV manufacturers and clients such as retailers very keen on developing highly reliable fast charging stations

Ecotricity UK Network, 285 DBT Fast chargers, monthly reliability data

187 203 207 208 208 211 213 219 220 228 232 238 244 253 265 268 276 281 282 282 28514

>97%

0,00

20,00

40,00

60,00

80,00

100,00

120,00

Month reliability data in %

Month reliabilitydata in %

DBT LEADING THE FUTURE

3

15

Ready for profitable growth

STRENGTHENED MARKET POSITIONS WITH THE QCNG150 LAUNCH AND NISSAN CONTRACT

16

150 kWh ultra fast chargerto be launched early summer 2017

Nissan Maintenance Contract

Sustained investment in R&D during the 2016 market transition in order to deliver

new products to the market and stations upgrade solutions

All 3 standardsUp to 3 cars at a timeEvolutivityConnectivity

QCNG150 to match the need of vehicles with 300-400km autonomy

To upgrade the entire fleet of fast chargers installed in Europe for Nissan and make it ready for new higher power cars such as the new LEAF model - highest volume EV ever sold. Technical assistance between Nissan and DBT for the next 4 years

Nissan is the Global #1 EV manufacturer

READY FOR THE ACCELERATION OF THE GROWTH IN 2017-2018

Ready for rapid

production ramp up

150 kWh ultra fast charger to

be launched summer 2017Strong distribution network

Largest EU installed base

Partnership with Nissan

PRODUCT PRODUCTION DISTRIBUTION

New products designed to match the needs of new EV models with higher power requirements

ISO 9001:2008 certified site

200 QC stations per month

vs. 50 in 2014

17

12 agents in France15 distributors in 18 countries33 certified installers covering all key European markets450 clients references

NEW SOURCES OF REVENUES DRIVEN BY SERVICES

EDUCARE AFTER-SALESSUPERVISION

SERVICES

Company launched in January 2017800 charger engineers and installers in Europe to be trained over the next two years - AFNOR certification

18

Data Monitoring ServicesPreventive diagnosticsAbility to remotely address software issues and assist with on-site repairs

80% of DBT chargers will not be covered by any type of warranties by year-end 2017

NEW SOURCES OF REVENUES DRIVEN BY INNOVATION

SOLAR POWERED

CHARGERS

INDUCTION

CHARGERSBATTERY BUFFER

Several projects in advanced discussions in Middle-East and AfricaProgram for 300 chargers in Jordania signed in 2016:10 successfully operating32 to be delivered in 2017

19

FastInCharge R&D project financed with European funds in a 3-year program co-ordinated by DBT

Smart energy storage system working as a booster for car charging while limiting impact on the power grid

DBT

Parc Horizon 2000

62117 Brebières

+33 (0)3 21 50 92 92

www.DBT-bourse.com/fr

CEO

Hervé Borgoltz

hborgoltz@dbt.fr

+33 (0)6 87 75 17 21

Communication

Alexandre Borgoltz

aborgoltz@dbt.fr

+33 (0)6 01 07 24 50

Marlène Maréchal

communication@dbt.fr

+33 (0)3 21 50 92 92

CONTACTS

20

21

APPENDIX

21

Tesla Tesla Model Pmodel PPick-up2019Battery > 100 kWh

Tesla Model 3July 2017Autonomy of 345 km Autopilot

Audi e-tron Sportback2019503 CVMax power of 307 kWTheoretical autonomy of 500 kmUltra fast charging withCCS standard

Audi e-tron Quattro20172 engines ie total powerfrom 320 kW to 370 kW up to503 CVBattery of 95 kWhAutonomy of 500 km

Volkswagen I.D concept2020 125 kW electric motor ie 170 CVAutonomy from 400 to 600 kmI.D Pilot

Volkswagen I.D Crozz2020lithium-ion 83 kWh battery Autonomy of 500 km

STRATEGIC INVESTMENTS FOR ELECTRIC VEHICLES FROM MANUFACTURERS

22

Volkswagen I.D Buzz2022Battery 111 kWhUltra fast charging of 150 kWwith CCS standardAutonomy of 600 kmI.D Pilot

Skoda vision EDouble motorisation of 306 CVTheoretical autonomy of 500KMInduction charger (11 kW) & ultra fast charging of 150 kWwith CCS standard

Fisker Emotion2018Theoretical autonomy of 640 kmRevolutionary battery withGraphene

Porsche Mission EBefore 2020Double motorisation for 600 CVTheoretical autonomy of 500 kmUltra fast charging for CCS

MG E-Motion2020Theoretical autonomy of 500 km

Bentley EXP 12 Speed 6eTheoretical autonomy ≃ 500 kmPotential charge by ultra fast induction

STRATEGIC INVESTMENTS FOR ELECTRIC VEHICLES FROM MANUFACTURERS

23

Citroën 5 aircross2019≃ 60 km in electric mode300 CV of which 200 from the Gasoline motor 2 electric motors of 80 kW

Nio ES820182 electric motors

Lexus LS 5002017140 km in electric mode

Lexus UX 250h2018Crossover

Panamera Turbo S E-Hybrid2017

Ford Mustang Hybride2020

STRATEGIC INVESTMENTS FOR ELECTRIC VEHICLES FROM MANUFACTURERS

24

A DIVERSIFIED CLIENT BASE

25

SET UP OF A FINANCING FACILITY THROUGH CONVERTIBLE DEBT

600 k€

4th may

300 k€

21st November

300 k€

20th December

600 k€

28th March

2017400 k€

25th July

400 k€

23rd August

100 k€

22nd September

300 k€

23 October

Planned issuances over 2017

Convertible Bond (“CB”) subscribed by Nice & Green for €3m in March and extended to €5.2m in July 2017

Conversion at 10% discount over reference share price (lowest VWAP of the last 10 days before conversion)

Facility covering all financing need beyond a year

Warrants exercisable in the event of change of control

Incentivisation program on capital gains related to the sales of shares issued from CBs

300 k€

26th June

26

The amount of the original tranches planned is not amended but is supplemented with more flexibility upwards or downwards based on its working capital requirements.

27

Consolidated revenues 2016-2017 : 9 M€

DBT CEV, that focuses on the charging business (including services) showed sales of €6.6M. It

includes charging stations, that was up 11% while services activity was down 60% due to a temporary

delay for the signing of a new contract with Nissan (signed on July, 5 2017).

Expected decrease in revenues from transformers partly offset by the growth from power distribution

and access control stations.

SLIGHT DECREASE IN REVENUES IN 2016/17 BUT ATTRACTIVE PERSPECTIV ES

K Eur 2015-2016 2016-2017 Change

DBT-CEV 7,177 6,640 -7%

Charging stations 5,3 5,9 +11%

Services 1,9 0,8 - 60%

DBT Ingénierie 2,833 2,278 -20%

Power distribution and access control stations 0,7 0,8 +8%

Transformers 2,1 1,5 -30%

TOTAL 10,010 8,918 -11%

€5m revenues expected from services for 2017/2018

• Several contracts being negotiated in Europe

• Maintenance contract with Nissan shall generate recurring revenues in the next 18 months

Audited data in €M and French accounting standards

CONSOLIDATED FINANCIALS: PROFIT AND LOSS ACCOUNT 2016/2017

While revenues decreased, operating losses were

reduced to (3,5) M€ vs previous year

Operating losses decreased for «charging stations

and services» with an EBIT of (2,9) M€ through a

mix of an increase in the gross profit and cost

savings initiatives

« Transformers and services » showed an operating

loss at (0,6) M€ in line with previous year

During the technological transition over last months,

DBT pursued its R&D program and its strategic

investments – ie 1,4 M€ in Opex & Capex – in order

to increase its market share

DBT – K Eur 2015/2016 2016/2017

Charging stations and

services7,177 6,640

Transformers and services 2,833 2,278

Revenues 10,010 8,918

Gross profit (1,575) (464)

EBIT (5,938) (3,510)

Financial result (235) (111)

Exceptional income (155) (64)

Taxes 29 78

Net profit (6,299) (3,607)

28Audited data in €M and French accounting standards

CONSOLIDATED FINANCIALS: BALANCE SHEET 2016/2017

Assets Equity and Debt

Long term assets: 3,048

Inventories: 6,044

Intangibles: 2,356

Accounts receivables: 962

Other receivables: 1,835

Cash and cash equivalents: 533

12,421

12,421

12,421

12,421

(290): Equity

5,742: Accounts payables

1,243: Other debts

5,625: Financial debt

101: Provisions

29

Signature in July 2017 of a modification of the terms of the initial convertible bond financing agreement with Nice and Green for a total amount of

€5.2 million until June 30, 2018, which gives a strong visibility for the medium-term

Audited data in €M and French accounting standards