#1BG BERKSHIRE GREY BERKSHIRE GREY FEBRUARY 2021 FAL VENE O 5 Pack IGRET Stat BONUS 18045 ORDIN SINGL#2BG BERKSHIRE GREY This presentation ("Presentation") is for informational purposes only to assist interested parties in making their own evaluation with respect to a potential business combination (the "Business Combination") between Revolution Acceleration Acquisition Corp ("Revolution"), a special purpose acquisition company and Berkshire Grey, Inc., ("Berkshire Grey" or the "Company"). The information contained herein does not purport to be all inclusive and none Revolution, the Company or Credit Suisse Securities (USA) LLC nor any of their respective affiliates nor any of its or their control persons, officers, directors, employees or representatives makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this Presentation. This Presentation does not contain all the information that should be considered concerning the potential Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein, and must make your own decisions and perform your own independent investment and analysis of investment in Revolution and the transactions contemplated in this presentation, and, by accepting this Presentation, you confirm that you are not relying upon the information contained herein to make any decision. The reader shall not rely upon any statement, representation or warranty made by any other person, firm or corporation (including, without limitation, Credit Suisse Securities (USA) LLC or any of its respective affiliates or control persons, officers, directors and employees) in making its investment or decision to invest in the Company. None of Revolution, the Company or Credit Suisse Securities (USA) LLC, nor any of their respective affiliates nor any of its or their control persons, officers, directors, employees or representatives, shall be liable to the reader for any information set forth herein or any action taken or not taken by any reader, including any investment in shares of any special purpose acquisition company or the Company. Certain information contained in this Presentation relates to or is based on studies, publications, surveys and the Company's own internal estimates and research. In addition, all of the market data included in this Presentation involves a number of assumptions and limitations, and there can be no guarantee as to the accuracy or reliability of such assumptions. Finally, while the Company believes its internal research is reliable, such research has not been verified by any independent source. This meeting and any information communicated at this meeting are strictly confidential and should not be discussed outside your organization. Any data on past performance or modeling contained herein is not an indication as to future performance. Revolution and the Company assume no obligation to update the information in this Presentation. Further, the historical financial data included in this Presentation were audited by the Company in accordance with private company AICPA standards. Accordingly, such information and data may not be included, may be adjusted, or may be presented differently, in any proxy statement/prospectus to be filed with the SEC. Forward Looking Statements. Certain statements in this Presentation may be considered forward looking statements. Forward looking statements generally relate to future events or future financial or operating performance of the Company or Revolution in the potential Business Combination. Forward-looking statements include, but are not limited to, statements regarding: (i) the growth of the Company's business and its growth strategy, including the potential size of the total addressable market and the Company's growth of and conversion of orders from its pipeline, and expected penetration; (ii) the Company's expected results, including with respect to revenue, earnings and margins; (iii) the Company's entry into new markets, consummation of acquisitions and direct contracting opportunities trends and developments in the robotics and artificial intelligence industries, (iv) the Company's visibility into its future financial performance, including cash flows, and successful completion and use of proceeds from the any investment and the Business Combination. In some cases, you can identify forward looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "assume", "continued", "goal", "plan", "potential", "projected", "target" or the negatives of these terms or variations of them or similar terminology. Such forward looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Such risks and uncertainties involving the Company include, but are not limited to: (a) current and future conditions in the global economy, including as a result of the impact of the COVID-19 pandemic; (b) the loss of any one of our primary customers, or the termination of our existing contracts by a customer; (c) the inability to penetrate new markets and generate revenues from the potential pipeline; (c) demand for our products that does not grow as expected; (d) our dependence on a limited number of third-party contract manufacturers; (e) our failure to manage any growth in the Company or its business; (f) increased competition; and (g) other risks associated with companies, such as the Company, that are engaged in the intelligent automation industry. Nothing in this Presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward looking statements in this Presentation, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. The Company does not undertake any duty to update these forward-looking statements. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of Revolution's registration statement on Form S-1, the proxy statement/prospectus on Form S-4 relating to the Business Combination, which is expected to be filed by Revolution with the Securities and Exchange Commission (the "SEC") and other documents filed by Revolution from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Revolution and the Company assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Revolution nor the Company gives any assurance that either Revolution or the Company will achieve its expectations. This Presentation contains certain financial projections, forecasts, estimates and targets of the Company. Such financial projections, forecasts, estimates and targets constitute forward-looking information, and are for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial projections, forecasts, estimates and targets are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties. See "Forward-Looking Statements" above. While all financial projections, forecasts, estimates and targets are necessarily speculative, Revolution and the Company believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, forecast, estimate or target extends from the date of preparation. Actual results may differ materially from the results contemplated by the financial projections, forecasts, estimates and targets contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any rson that the results reflected in such forecasts will be achieved. Use of Non-GAAP Financial Metrics. This Presentation includes certain non-GAAP financial measures (including on a forward-looking basis) such as Adjusted EBITDA and Adjusted EBITDA Margin. These non-GAAP measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP. Reconciliations of non-GAAP measures to their most directly comparable GAAP counterparts are included in the Appendix to this Presentation. The Company believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about the Company. the Company's management uses forward-looking non-GAAP measures to evaluate the Company's projected financials and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents, including that they exclude significant expenses that are required by GAAP to be recorded in the Company's financial measures. In addition, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore, the Company's non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. Trademarks. Revolution and the Company own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This Presentation may also contain trademarks, service marks, trade names and copyrights of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with Revolution or the Company, or an endorsement or sponsorship by or of Revolution or the Company. Solely for convenience, the trademarks, service marks, trade names and copyrights referred to in this Presentation may appear without the TM, SM, Ⓡ or Ⓒ symbols, but such references are not intended to indicate, in any way, that Revolution or the Company will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks, trade names and copyrights. Participants in Solicitation. Revolution and the Company and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Revolution's shareholders in connection with the proposed Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed Business Combination of Revolution's directors and officers in Revolution's filings with the SEC, including Revolution's registration statement on Form S-1, which was originally filed with the SEC on November 20, 2020. To the extent that holdings of Revolution's securities have changed from the amounts reported in Revolution's registration statement on Form S-1, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Revolution's shareholders in connection with the proposed Business Combination is set forth in the proxy statement/prospectus on Form S-4 for the proposed Business Combination, which is expected to be filed by Revolution with the SEC. Investors and security holders of Revolution and the Company are urged to read the proxy statement/prospectus and other relevant documents that will be filed with the SEC carefully and in their entirety when they become available because they will contain important information about the proposed Business Combination. Investors and security holders will be able to obtain free copies of the proxy statement and other documents containing important information about Revolution and the Company through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Revolution can be obtained free of charge by directing a written request to Revolution Acceleration Acquisition Corp 1717 Rhode Island Avenue, NW 10th floor, Washington, D.C. 20036. No Offer or Solicitation. This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or an offer to buy or the solicitation of an offer to buy any securities, and there shall be no sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933 as amended, and otherwise in accordance with applicable law. 2#3BG Note: See page 15 for derivation of TAM. BERKSHIRE GREY We Help Retail, E-Commerce, Grocery, and Package Handling Companies Transform To Compete, Grow, and Win Disruption $280+ Billion TAM 3#4Today, Warehouse Operations Are Largely Manual The Top 3 Industry Challenges Are: Labor Availability, Increasing Customer Demands, Increasing Competitive Intensity Operations Need To Scale And Grow Source: 2019 MHI Annual Industry Report.#5Berkshire Grey Transforms Warehouse Operations Comprehensive and Coordinated Al-enabled Robotics Across The Supply Chain 03 23 Fluid Flow Of Incoming Materials And Outgoing Orders Flexible, Adaptive, On-demand, Fast 5#6Revolution Overview Revolution's team is comprised of accomplished entrepreneurs with ample experience scaling and operating public companies Revolution's World-Class Capabilities 1 revolution ACCELERATION ACQUISITION CORP 3 2 A valuable network of relationships with decision makers in corporate America 4 5 Business builders with experience navigating public and private markets Significant public policy expertise Top-tier reputation and accomplished management team Strong track record of successful de-SPAC transactions (1) Revolution Team John Delaney Founder, CEO and Chairman Steve Case Founder and Director BG BERKSHIRE (¹) Successful de-SPAC transactions involving Revolution Growth and Rise of the Rest Seed Fund include DraftKings, AppHarvest and Talkspace. GREY CapitalSource HOU U.S. USE OF REPRESEN ATIVES Aol. HealthCare Financial A R T N E R P revolution 6#7Revolution's Investment Thesis Revolution has identified Berkshire Grey as a unique and compelling opportunity to invest in and partner with Berkshire Grey is a pure play robotics company offering software-enabled, full spectrum automation solutions, poised to become an industry leader due to its differentiated technology and strong traction with blue-chip customers BG GRE 1 Category creator - a leading robotics company that fully integrates software, Al, hardware and solutions BG 7 2 6 3 BERKSHIRE GREY Leading technology in terms of both its component parts, and more importantly, its unique integrated solutions Large market opportunity benefiting from digital economy acceleration due to COVID and increased computing power Attractive business model; asset light with significant potential recurring and re-occurring revenue streams with Robotics-as-a-Service (RaaS) Amazon and competition are driving all e-commerce companies to innovate Accomplished leadership, Board of Directors, advisors and early investors, and strong existing customers position Berkshire Grey well for future outsized growth 5 4 Strong projected growth story for the next five years and beyond backed by current $1.7bn+ pipeline from blue-chip anchor customers and new customers 7#8Transaction Highlights Berkshire Grey Transaction Structure (1) Valuation Expected Capital Structure Ownership BG ▪ Pure play robotics company offering software-enabled, full spectrum solutions that change the automation paradigm across markets ■ ▪ Business combination of Berkshire Grey with Revolution (Nasdaq: RAAC) ▪ Revolution is a publicly listed special purpose acquisition company with $288 million cash held in trust ▪ PIPE size of $165 million ▪ $2.2 billion pro forma enterprise value Attractively valued entry multiple for high growth business I Helping customers succeed in the warehouse automation and fulfillment market through intelligent and connected automation ▪ $507 million cash on balance sheet, no debt(¹) ▪ Fully funded to cash flow profitability in 2024 ■ ■ Existing Berkshire Grey shareholders will be rolling 100% of their equity Implied ownership of Berkshire Grey shareholders of 82% BERKSHIRE Note: GREY (1) See page 38 for a detailed transaction overview. Assuming no redemptions. 8#9Berkshire Grey Presenters and Snapshot ■ Company Overview Founded in 2013 ■ ▪ 30 years robotics and technology executive with technology, commercial and leadership expertise ■ ▪ Former Chief Technology Officer at iRobot Tom Wagner, PhD Founder & CEO In stealth mode until 2018 Top-tier investors: khosla ventures NEA Canaan SoftBank BG BERKSHIRE GREY Group N Asset-light business model with no own manufacturing Industry disruptor enabling customers to transform their supply chains through warehouse and logistics automation ▪ Intellectual property protected by 300+ patent filings $114m orders to date, $70m current backlog Steve Johnson COO 30 years career focused on delivering disruptive and impactful technologies to customers and scaling high-growth companies globally Former Chief Commercial Officer at Intelex Solutions Overview Powerful cloud-enabled software platform... Artificial intelligence at the core of the solution ▪ 28 years of senior finance, capital markets and leadership experience I Mark Fidler CFO Former Chief Financial Officer at NEC Energy Solutions ...delivered through proprietary technology... Automated robotic picking Intelligent mobility || ...for multiple application areas E-commerce order fulfillment Smart store replenishment Dynamic parcel sortation 9#10Transforming Commerce BG BG BERKSHIRE GREY#11Commerce Has Changed Consumer Expectations Have Changed These Changes Have Created A Battle For Retail BG BERKSHIRE GREY Today, we want a large SKU selection ▪ We have a low tolerance for substitutions ▪ We price shop mercilessly ▪ We think shipping is free ▪ We want our goods today, tomorrow is ok ■ ▪ Amazon setting the pace ▪ Continued and increasing shift to e-commerce ▪ Brick-and-mortar retail leveraging both warehouses and stores to fulfill any order from anywhere at any time 11#12Supply Chain Operations Must Change Also Today's Operations Are Highly Manual Difficult to meet changing consumer demands Labor availability and costs challenge growth BG Competition is pronounced and increasing BERKSHIRE GREY At Berkshire Grey, We Automate These Operations With Al-Enabled Robotics Dake BG BERKSHIRE GREY REG GREY BERKSHIRE C BG A Flexible, Adaptive, On-Demand Flow Of Goods From Retailers To Consumers Berkshire Grey Can Change The Automation Paradigm Across Markets 12#13There Is An "Amazon Effect" On Automation Driving All Retailers To Adapt Amazon Amazon has it figured out with over 200,000 robots in service today. Since acquiring Kiva Systems, a robotics company, they have spent ~$180bn on R&D and ~$93bn on CapEx Amazon has brought the automation wave into motion... 93089 93089 ...and supercharged the need for all competitors to adapt BG 001 BERKSHIRE GREY Source: Amazon public filings. ■ Al-driven robotics enables Amazon to offer increased SKUs with fast fulfillment and free, fast delivery, differentiating itself from competitors ▪ The Amazon effect is reality - market participants must evolve to compete ■ Disruption in order fulfillment has occurred ▪ Berkshire Grey offers a solution 13#14Berkshire Grey Solutions Enable Competitive Operational Efficiencies Customer Objectives Increase operational efficiencies Reduce labor dependence Increase speed, reliability and accuracy Maximize flexibility and scalability Enhance supply chain holistically BG BERKSHIRE GREY Automation Approach Automate material handling and fulfillment Augment or substitute labor-intense processes Intelligent robotics Modular automation technologies Integrated software architecture Berkshire Grey Value Proposition Allows for increased production utilization and ~2-3 year ROI 70% reduction in labor spend through robotic picking and intelligent mobility Throughput of 1 BG solution equal to that of 8 manual pickers and 100s of case handlers, and at maximum reliability and accuracy Flexible installation with minimal downtime and hassle-free expansion Modular and integrated software / Al platform on the cloud ($) +01 205 14#15$280+ Billion TAM And Growth Driven By Multi-Faceted Tailwinds $280+ billion TAM $230+ billion Total annual warehouse labor spend(¹) + FACUTI CHLY $56 billion Automated material handling equipment market Expected to grow at 13% per year (1) Key Tailwinds is Only 5% of warehouses are currently automated Emerging and rapidly growing e-commerce, retail and logistics industries Increasing need to automate picking - 90%+ currently done manually Need for operational and process improvements Rapidly accelerating adoption of automation 19 Emergence of new technologies and advancements in robotics and Al BG BERKSHIRE Source: McKinsey, Improving warehouse operations - digitally, 02/06/20; F. Curtis Barry & Company, Managing Your Warehouse Labor to Reduce Overall Expenses; GREY Mordor Intelligence, Automated Material Handling (AMH) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026), 2020; LogisticsIQ, Warehouse Automation: Rise of Warehouse Robotics, 2019. DHL, Robotics in Logistics, March 2016. Based on labor consuming ~65% of warehousing spend (F. Curtis Barry & Company) and total annual warehouse spend of $350bn (McKinsey, 02/06/20). 15#16และข 838 Business Overview ANES FLRI BERKSHIRE FOREY BG GREY BERKSHIRE BERKSHIRE BG#17Berkshire Grey's Flywheel Enables Customers To Transform And Grow Revenue Growth & Lower Cost Profile BG BERKSHIRE GREY Investment in Scalable Robotics Sili BG Increased SKU Coverage & Fulfillment Speed Increased Operational Capabilities Tangible Customer Outcomes Accelerate revenue growth Reduce costs Drive innovation 17#18Experienced Management Team, Board & Advisors Berkshire Grey Team Management Team Commercial Team Experience Tom Wagner, PhD CEO iRobot BG INTELEX Steve Johnson COO DARPA Honeywell cabec ▪ Each GM specializes in a focus vertical or anchor customer; GMs have ~32 years of experience on average vidyard ▪ Over 50 new hires since beginning of 2020, including seven GMs - commercial build-out will remain a focus for use of proceeds Microsoft Shark NINJA R.E.D.D. Widespread and global commercial experience Hootsuite™ Honeywell BERKSHIRE (¹) GREY CIMCON Software a NASA 30 METASTORM 30 Plif UBER Engineering Team Massachusetts Institute of Technology NEC NEC EVERGY SOLUTIONS THE UNIRO Mark Fidler CFO ambient Carnegie Mellon University The Robotics Institute Matt Mason, PhD Chief Scientist evergreensolar ▪ Over 1,000 years of combined robotics experience To join board of directors upon closing of the transaction. ThinkFeed Cornell University Robot ▪ 75% of all employees have technical degrees; 25+ PhDs T Carnegie Mellon University Penn COGNEX ABB TESLA The Robotics Institute BCG ▪ Technical experience across a wide array of centers of excellence and blue-chip firms Boston Dynamics 28 40 Years of experience amazonrobotics Board of Directors and Advisors Vinod Khosla Founder of Khosla Ventures 3 Peter Barris Chairman and Partner at NEA Kenichi "Kent" Yoshida CBO at SoftBank Robotics Nadia Shouraboura, PhD Former VP of Global Supply Chain and Fulfillment at Amazon Rich Boyle General Partner at Canaan Partners Sven Strohband, PhD CTO at Khosla Ventures Tom Wagner, PhD CEO ohn Delaney(¹) Revolution Founder, CEO and Chairman 18#19Significant Commercial Validation And Momentum In 2020 Pipeline accelerated through scaling of commercial organization validates opportunity 20 126 BERKSHIR GREY <$0.1 billion Pipeline As of start of 2020 BG RG BERKSHIRE (1) GREY BERKSHIRE GREY As of 02/01/2021. 182 $1.7+ billion Current Pipeline Visibility 23 Now(¹) 24124 BG BERKS GREY Key Milestones Commercial Expanded organization; hired seven general managers ■ ■ Launched RaaS offering Expanded into Europe ▪ Visibility into future revenue from backlog I Technology Launched robotic induction Significant traction with existing anchor customers and active new customer funnel ■ ▪ Launched next-gen robotic store replenishment ▪ Standardized offering for new customers 19#20Five Focus Verticals To Capture Potential Multi-billion Dollar Opportunity Five Focus Verticals Current Anchor Customers E-Commerce BG EMEA APAC BERKSHIRE GREY W Retail Consumer expectations require agile inventory management Big-box to smaller chain brands ▪ Global retail sales were -$23trn(¹) in 2020 and growing rapidly Walmart Save money. Live better. E-Commerce Rapid expansion of e-commerce relative to total retail ▪ Direct-to-consumer channels SHOP NOW ▪ 2020 retail e-commerce sales were $4trn globally, up over 16.5% YoY P ■ Grocery Online grocery delivery is growing and is here to stay ▪ Chain grocers using manual labor ▪ The global online market was $200bn in 2020; expected to grow at -16% through 2027 TARGET. Parcels FedEx rec ■ Speed and accuracy is essential for successful parcel sortation Shipping firms across the global supply chain ▪ Global small package volume could have reached-130bn in 2020 and could surge to over 300bn by 2026 FedEx E-Commerce spans each vertical and is driving rapid growth globally EMEA spans each vertical with a dedicated General Manager APAC spans each vertical and is a potential focus area moving forward Source: Statista, 09/10/20; Business Insider, Global ecommerce market report: ecommerce sales trends and growth statistics for 2021, 12/30/20; Online Grocery - Global Market Trajectory & Analytics, 09/07/20; Pitney Bowes, Parcel Shipping Index, 10/12/20; Mordor Intelligence, Global Third-party Logistics (3PL) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026), 2020. (1) Includes grocery sales. 3PL Third party logistics enables retailers and manufacturers large and small to outsource Global and domestic 3PL providers ■ Global 3PL market expected to reach $1.7trn by 2025 TJX® 20#21Anchor Customer Overview Significant penetration potential Targeted commercial strategy across verticals Conversion of large opportunity into revenue BG BERKSHIRE GREY ■ ■ Walmart $11bn 2021E CapEx (1) (2) 3,979 Distribution centers(1) $3bn 2021E CapEx BG Immediate commercial opportunity BG High-level executive access Source: Company management, public filings and FactSet. Includes US supercenters. Includes stores. TARGET. 1,910 Distribution centers(2) FedEx® $6bn 2021E CapEx BG ▪ Significant penetration potential, with $1.3bn+ 5-year pipeline Multiple upside opportunities exist in the long-run ▪ Aggregate revenue represents only a small percentage of current anchor customer CapEx ▪ Mix shift to recurring and re-occurring revenue as Berkshire Grey scales Significant opportunity to monetize large and growing installed base 605 Distribution centers $1bn 2021E CapEx TJX® Penetration and cross-sell within same customer BG Desire to roll-out automation globally 29 Distribution centers 21