Wallbox N.V. (NYSE:WBX) Q2 2024 Results Conference Call August 1, 2024 8:00 AM ET

Company Participants

Michael Wilhelm - Corporate Development & Investor Relations
Enric Escorsa - Co-Founder, CEO & Executive Director
Luis Boada - Chief Financial Officer

Conference Call Participants

Leanne Hayden - Canaccord Genuity
Alec Scheibelhoffer - Stifel

Operator

Good morning or good afternoon, and welcome to the Wallbox Second Quarter 2024 Earnings Call. My name is Adam, and I'll be your operator for today. [Operator Instructions]

I will now hand the floor to Michael Wilhelm to begin. So Michael, please go ahead when you're ready.

Michael Wilhelm

Thank you, Adam, and good morning, and good afternoon to everyone listening in. Thank you for joining today's webcast to discuss Wallbox's second quarter 2024 results. This event is being broadcast over the web and can be accessed from the Investor section of our website at investors.wallbox.com.

I am joined today by Enric Asuncion, Wallbox's CEO; and Luis Boada, Wallbox's CFO. Earlier today, we issued our press release announcing results from the second quarter ended June 30, 2024, which can also be found on our website.

Before we begin, I would like to remind everyone that certain statements made on today's call are forward-looking that may be subjected to risks and uncertainties relating to future events and/or the future financial performance of the company. Actual results could differ materially from those anticipated. The risk factors that may affect results are detailed in the company's most recent public filings with the SEC, including in the Annual Report on Form 20-F for the fiscal year ended December 31, 2023 filed March 21, 2024. We will be presenting unaudited financial statements in IFRS format that reflect management's best assessment of actual results.

Also, please note that we use certain non-IFRS financial measures on this call and reconciliations of these measures are included in the presentation posted on the Investor section of our website. Also, a copy of these prepared remarks can be obtained from the Investor Relations website, under the Quarterly Results section, so you can more easily follow along with us today.

So with that out of the way, I will turn it over to Enric.

Enric Escorsa

Thank you, Michael, and thanks everyone for joining us today.

Before we go into the highlights of Q2 2024, as announced yesterday, I would like to comment on the $45 million strategic investment from a number of current shareholders, including $35 million from Generac as the main investor in this round. This capital raising was needed to ensure the company's balance sheet strength and support our strong growth. We are extremely pleased with the continued trust and follow-up investment allowing us to continue building a leading company in EV charging and energy management solutions. Out of the competition, Generac chose Wallbox's award-winning products and solutions to lead their efforts in the EV charging space.