#1SWITCHBACK II Bird Investor Presentation ª BIRD#2Disclaimer FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this presentation (this "Presentation") are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics, projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of the management of Bird Rides, Inc. ("Bird" or the "Company") and Switchback II Corporation ("Switchback") and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Bird and Switchback. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination between Bird and Switchback and related transactions (the "Proposed Business Combination"), including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the shareholders of Switchback or the stockholders of Bird is not obtained; the failure to realize the anticipated benefits of the Proposed Business Combination; risks relating to the uncertainty of the projected financial information with respect to Bird; risks related to the rollout of Bird's business and the timing of expected business milestones; the effects of competition on Bird's business; the amount of redemption requests made by Switchback's public shareholders; the ability of Switchback or the combined company to issue equity or equity-linked securities or obtain debt financing in connection with the Proposed Business Combination or in the future; and those factors discussed in Switchback's final prospectus dated January 7, 2021 and Annual Report on Form 10-K for the fiscal year ended December 31, 2020, under the heading "Risk Factors," and other documents of Switchback filed, or to be filed, with the Securities and Exchange Commission ("SEC"), or to be filed by Bird Global, Inc., a Delaware corporation and wholly owned subsidiary of Bird ("Bird Holdings") with the SEC. If any of these risks materialize or Switchback's or Bird's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Switchback nor Bird presently know or that Switchback and Bird currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Switchback's and Bird's expectations, plans or forecasts of future events and views as of the date of this Presentation. Switchback and Bird anticipate that subsequent events and developments will cause Switchback's and Bird's assessments to change. However, while Switchback and Bird may elect to update these forward-looking statements at some point in the future, Switchback and Bird specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Switchback's and Bird's assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither Bird, Switchback, Bird Holdings nor any of their respective affiliates have any obligation to update this Presentation. INDUSTRY AND MARKET DATA Although all information and opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, Bird and Switchback have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. Some data is also based on the good faith estimates of Bird and Switchback, which are derived from their respective reviews of internal sources as well as the independent sources described above. This Presentation contains preliminary information only, is subject to change at any time and, is not, and should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your engagement with Bird and Switchback. USE OF PROJECTIONS This Presentation contains projected financial information with respect to Bird. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See the "Forward-Looking Statements" paragraph above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. Neither Switchback's nor Bird's independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. IMPORTANT INFORMATION FOR INVESTORS AND SHAREHOLDERS . If the Proposed Business Combination is pursued, Bird Holdings will file a registration statement (which will include a proxy statement of Switchback and a prospectus of Bird Holdings) and other relevant documents with the SEC. Shareholders and other interested persons are urged to read the registration statement and any other relevant documents filed with the SEC when they become available because they will contain important information about Switchback, Bird, Bird Holdings and the Proposed Business Combination. Shareholders will be able to obtain a free copy of the registration statement (when filed), as well as other filings containing information about Switchback, Bird, Bird Holdings and the Proposed Business Combination, without charge, at the SEC's website located at www.sec.gov. PARTICIPANTS IN SOLICITATION Switchback, Bird, Bird Holdings and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Switchback's shareholders in respect of the Proposed Business Combination and the other matters set forth in the registration statement. Information regarding Switchback's directors and executive officers is available under the heading "Management" in its final prospectus relating to its initial public offering dated January 7, 2021 and Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the registration statement relating to the Proposed Business Combination when it becomes available. BIRD 2#3Disclaimer (cont'd) FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Securities Act of 1933, as amended. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any proxy statement/prospectus or registration statement to be filed by Switchback or Bird Holdings with the SEC. Some of the financial information and data contained in this Presentation, such as Gross Transaction Value, Adjusted EBITDA, Adjusted EBITDA Margin, Sharing Revenue and Ride Profit, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Switchback and Bird believe these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Bird's financial condition and results of operations. Bird's management uses these non-GAAP measures for trend analyses, for purposes of determining management incentive compensation and for budgeting and planning purposes. Switchback and Bird believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Bird's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Bird's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. TRADEMARKS AND TRADE NAMES Bird and Switchback 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 also contains trademarks, service marks and trade names 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 Bird or Switchback, or an endorsement or sponsorship by or of Bird or Switchback. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear with the Ⓡ, TM or SM symbols, but such references are not intended to indicate, in any way, that Bird or Switchback will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names. RISK FACTORS For a description of the risks relating to an investment in Bird, including its business and operations, we refer you to "Risk Factors" in the Appendix to this Presentation. BIRD 3#4Transaction summary Summary of proposed transaction One of the biggest new market opportunities in transportation also happens to be one that benefits the world Bird's mission is to provide environmentally friendly transportation for everyone $800B opportunity created in Micromobility 60% of all trips are 5 miles or less Transaction expected to fully fund business model through cash flow positive Switchback II (NYSE:SWBK) has $316M of cash in trust account BIRD Pro forma capital structure •>$400M proceeds net of debt elimination and transaction fees to fund growth (assuming no redemptions by public shareholders of Switchback II Corporation) ● Bird stockholders rolling 100% of their equity ● Valuation Enterprise value of $2.3B Attractive valuation versus other digital marketplace, mobility and category creator peers² ● $200M in committed capital through PIPE and debt facility¹ 1. Messrs. Mutrie and McNeill will collectively invest $8.6M in the PIPE on the same terms as the PIPE investors, in addition to the $2M they collectively bought in the IPO on the same terms as the public. 2. Source: FactSet market data. Leadership 57 BIRD Travis VanderZanden Founder, CEO Yibo Ling CFO SWITCHBACK II Jim Mutrie Director Co-CEO Scott McNeill Director Co-CEO 4#5Investment highlights - Bird checks all the boxes 1 2 3 4 5 6 BIRD Disruptive Technology with Massive TAM Experienced agement Market Leadership Compelling Business Model Returns-Oriented Catalyst for Growth . PROVEN CRITERIA $800B opportunity in electrified Micromobility 60% of trips are less than 5 miles Possess a demonstrable track record of operating success Drove compelling unit economics Expanding global footprint, currently operating in 200+ cities worldwide $1.1B raised to date, supporting leading technology, hardware and market share Fleet Manager model reduces costs, aligns incentives and boosts leading unit economics Facilitates expansion into long-tail cities Year-round positive unit economics during COVID $308M gross profit by 2023 COVID tailwinds spurred favorable regulatory changes, op-model and industry consolidation Opportunity for upside from additional capital, innovation, operations and technology BIRD ✓ R 5#6Environmentally friendly transportation. for everyone BIRD#7We are a scaled micromobility platform 95M+ Rides to date 200+ Cities operating globally3 BIRD 1. Represents 2022E revenue estimate. 2. 2021E to 2022E revenue growth. $401M 2022E Revenue¹ 40 Trees equivalent to each vehicle's GHG offset4 114% Revenue Growth² 3M+ New riders since start of pandemic 3. As of May 2021. 4. Based on carbon sequestering per year of 6-year-old elm tree of 1,700 grams relative to a Bird Two over a 1.5 year period representative of a Bird Two half-life. DEMAND RIDES First-mover advantage DATA PARTNERS CITY LICENSES 7#8COVID changed our world BIRD will Austin, TX (10) SOUTH Stadium Way Dodger Stadium Los Angeles, CA 711 Rome, Italy Tel Aviv, Israel#9BIRD Topline impacted in the short-term, but bounced back quickly Weekly Sharing GTV ($M)¹ $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 Jan-20 Feb-20 COVID-19 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 1. Gross Transaction Value for sharing only; excludes Consumer Products and Platform vehicle and spare parts sales. 2. Based on last 4 weeks ending March 28, 2021 vs. last 4 weeks ending February 28, 2021. Nov-20 Dec-20 Jan-21 +81% growth over the last 4 weeks² Feb-21 Mar-21 9#10BIRD Topline ramping up quickly in 2021 as COVID headwinds ease Weekly Sharing GTV ($M)¹ $7.0 $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 Jan Feb Mar 2.6x vs. same week in 2019 Apr May -2018 Jun -2019 1. Gross Transaction Value for sharing only; excludes Consumer Products and Platform vehicle and spare parts sales. Jul -2020 Aug Sep 2021 Oct Nov Dec 10#11HAARETZ Tel Aviv plans to Double the City's Network of Bike Paths by 2025 REUTERS COVID also spurred favorable regulatory changes New York City Legalizes Electric Bikes and Scooters, Will Create e-Scooter Pilot Program BIRD The Guardian Electric Scooters to Get Green Light to Go on Britain's Public Roads The Guardian Milan Announces Ambitious Scheme to Reduce Car Use After Lockdown R. Rome Creates Bike Lanes As Part Of Virus Measures DW Coronavirus Pandemic Gives Cyclists More Road in Berlin GOVE Seattle Will Keep Some Streets Closed Even After Coronavirus Bloomberg Pandemic Has Spurred 930 Miles of New Bike Lanes in Europe STREETS BLOG Oakland to Open 74 Miles of Streets for Walkers and Cyclists THENEW REPUBLIC American Cities are Built for Cars. Coronavirus Could Change That. +$20B SAM increase driven by regulatory response to COVID Opening of new cities (+$8B) UK opening to e-scooters NYC opening accelerated to Q2 2021 Improved 3rd-lane infrastructure (+$12B) Top global e-scooter cities like Tel Aviv and San Francisco expanding their 3rd lane infrastructure 11#12Massive market opportunity with COVID accelerating penetration BIRD TOTAL ADDRESSABLE MARKET 8 trillion trips are taken each year globally... of which 5 trillion are < 5 miles in length... of which 900 billion are taken by addressable users... with 200 billion trips shifting to micromobility... ...resulting in a $800B yearly revenue opportunity¹ Addressed Market 1. TAM calculated from global trip data per industry sources, the US federal government and the European Commission haircut by trip length and user demographic data (including age, ability, and income) per the UN, World Bank, and CIA Factbook, modal mix per industry sources and climate suitability per historical weather data. $60B Yearly SAM² 1999 ► s es s $800B Yearly TAM s s 1 1 1 • s P +11 L 11 1 1 P s s s ssssssssss L ↓ 1 1 s 2. SAM calculated beginning with TAM of near-term Bird markets reduced by 'serviceable trip length' penetration per Bird trip length data, infrastructure penetration per city-level data from industry sources, regulatory penetration per city regulations and Bird internal estimates for city permits. A 12#13It all started with the scooters VEHICLE HALF-LIFE KEY INNOVATIONS BIRD OFF THE SHELF T Xiaomi M365 3 - 4 months Sep 2017 First-ever shared scooter BIRD Bird Zero 12 months Oct 2018 Ruggedized for sharing Doubled battery life T BIRD Bird One 14 months BIRD-DESIGNED May 2019 Fully encrypted brain Modular body for easy repairs BIRD Bird Two 18 months Aug 2019 Ultra-rugged fused body Large, efficient battery Note: Bird Zero, Bird One and Bird Two vehicle half-life based on methodology employed in audited GAAP financials; Bird Three estimated vehicle half-life based on equivalent methodology as prior vehicle models. BIRD Bird Three 24 months Mar 2021 Best-in-class safety features Anti-theft firmware and battery-brain encryption 13#14Continued innovation and new form factors, including e-bikes Sharing: Captures more 3+ mile trips to expand sharing SAM by $20B+1 BIRD COMING SOON G 1. Expansion of Serviceable Addressable Market (detailed previously) to capture penetration of trips 5 miles or less in distance. 2. Source: Deloitte. 3. Source: QYResearch. Retail: Global e-bike retail market expected to reach $20B by 2023² US E-bike Sales Growth Accelerating³ ('000s of Units) 130 2015 152 2016 236 2017 318 2018 +157% YOY 353 2019 908 2020 14#15BIRD Ours is a complex, multidimensional business: Two-sided marketplaces, wrapped in closed regulatory systems, requiring global scale GLOBAL VEHICLE DEVELOPMENT & SUPPLY CHAIN Vehicle R&D Designed in California with >18mo life & multi-day battery capacity Vendor Management / PO Submission User (rider) App Development & Iteration Deepen vehicle design moat based on hundreds of millions of real-world interactions Prototype Testing KEY Manufacturing SCALE TO GENERATE DATA AND TECH EDGE Finalize Bird Design & Specs FM App Development & Iteration Shipping from Production Facility to Bird Nest Location & Size Machine forecasts demand, sets drops/rebalancing to maximize profit PROTECTED CITY REVENUE Global scale + R&D Permits Maintain strong permit win rate Government Rel. Industry-leading Gov Partnerships team Government partnership Playbook to launch in new markets Refine RFP application, pricing, drop & relocation logic based on rider/FM experience Acquire & Standup Partner Network & Local Ops Marketplace Hyperlocal data TWO-SIDED MARKETPLACE Local FMs (supply) Charge, rebalance, & repair vehicles Riders (demand) Base of millions of entrenched riders First mover advantage Bird mesh network. 15#16Evolved to Fleet Manager operating model during COVID pause HOW IT WORKS BIRD Network of Fleet Managers¹ manage logistics for micro- fleets, providing economic advancement opportunities and streamlining expansion to small cities Fleet Managers charge, deploy, store, and repair, reducing Bird's infrastructure costs, especially in winter Aligns incentives through a per-trip revenue share construct, further boosting Bird's leading unit economics while providing a positive return to Fleet Managers 1. Acquisition cost of "$1K per Fleet Manager based on acquisition from Mar - Oct 2020. 2. Excludes Consumer Products and Platform revenue. WHO OWNS THE... Charging Deployment Rebalancing Repair Vehicle Permits Brand Data/Tech Platform % of H2 2020 sharing revenue² KEY IN-HOUSE OPS 6% Bird FLEET MANAGER OPS Partner 94% 16#17Fleet Manager operating model has positive unit economics in the winter (after depreciation) BIRD RIDE PROFIT EVOLUTION (as % of sharing revenue¹) 50% 0% (50%) (100%) (150%) (200%) + FY2018 (155%) (348%) Q1 2019 (113%) (297%) Q2 2019 8% (67%) Q3 2019 19% (36%) FY2019 vs. FY2018: +265%² Bird-designed vehicles and operational improvements Q4 2019 (8%) (97%) Q1 2020 Note: Ride Profit and Sharing Revenue are non-GAAP metrics, see reconciliation in Appendix. FY2018 and Q1/Q2 2019 includes fleet of legacy retail vehicles. 1. Net of sales tax, credits, discounts, refunds, disputes and failed payments; excludes Platform and Consumer Products vehicle and spare part sales. 2. Margin improvements based on Ride Profit (after Vehicle Depreciation). (54%) (99%) Q2 2020 15% (18%) COVID conditions Q3 2020 44% 17% I Q4 2020 42% 10% H2 2020 vs. FY2019: +97%² Fleet Manager operating model Ride Profit (before Vehicle Depreciation) Ride Profit (after Vehicle Depreciation) 17#18RIDE PROFIT PER RIDE (AFTER VEHICLE DEPRECIATION) 75% of markets generated positive Ride Profit in H2 2020 (after vehicle depreciation) BIRD Remaining COVID headwinds in certain tail cities Note: Constituent cities include those with > 15,000 rides in H2 2020, reflecting over 95% of sharing-related revenue. Ride profit is a non-GAAP metric. See appendix for reconciliation of company-wide metric. Ride profit per ride is ride profit divided by all rides in each city over the equivalent time period. 18#19Fleet Manager operating model unlocks long-tail markets BIRD ONLY SCRATCHING THE SURFACE OF THE LONG-TAIL MARKET OPPORTUNITY Large Cities $3.0B Near-term Revenue Potential Current Annual Net Revenue² Long-tail Cities¹ $8.9B Near-term Revenue Potential Annual Net Revenue Opportunity³ DEPRECIATION) RIDE PROFIT MARGIN4 (AFTER VEHICLE SUPERIOR ECONOMICS SO FAR Lighter regulatory and competitive intensity in small cities Fleet Manager operating model minimizes fixed costs at city level (i.e., service centers), providing Bird an economic moat 10% Large Cities 1. Defined as cities with <500K population. 2. Based on existing Bird cities. Revenue based on KPIs realized from July 2020 through February 2021, annualized. 3. Annual Net Revenue Opportunity based on North America and EMEA Serviceable Addressable Market adjusted for near-term market penetration factor of 20%. 4. Ride Profit Margin after vehicle depreciation is a non-GAAP metric and produced on equivalent basis as Ride Profit in non-GAAP reconciliation in appendix. H2 2020 shown. 19% Long-tail Cities 19#20Why Bird wins 1 Visionary, founder-led management team with a culture of innovation 2 Rider experience that addresses traditional mobility pain points 3 Aligned incentives in the mutually beneficial Fleet Manager operating model 4 Category creator with advanced technology and data platform 5 Energy transition at its core 6 Strong unit economics, even with winter-like COVID utilization BIRD BIRD BIRD BIRD 20#211 Visionary, founder-led management team with a culture of innovation BIRD Travis VanderZanden Founder & CEO Uber ly yammer cherry Wendy Mantell General Counsel FANDUEL hulu Shane Torchiana VP, Corporate Development & Strategy BCG Morgan Stanley Yibo Ling Chief Financial Officer Uber BCG Tom O'Brien SVP, Revenue ATOMIC eventbrite Brooke Tandy VP, People scoot PeopleTech Rebecca Hahn Chief Corporate Social Responsibility Officer Out Cast ORACLE Renaud Fages VP, Global Operations BCG SOCIETE GENERALE Justin Youn VP, Strategic Finance Goldman JMI Sachs Scott Rushforth Chief Vehicle Officer 0x7a69 21#222 Rider experience that addresses traditional mobility pain points TRADITIONAL MOBILITY PAIN POINTS BIRD Long wait Unpredictable traffic Long walk Surge pricing Congested commute Heavy emissions The Bird experience 1 On-demand 2 Quick and efficient 3) Socially distanced. 4) Congestion reducing 5 Affordable 6) Environmentally friendly 5:21 = 2 min Diana Hobson Fine Art A Se BIRD 414 mi Principessa Main Street Peep Hole Box O all? RESERVE Ⓒ Daniel Wellington Andalusia Ave STAG Provisions for Men Scote 22#233 Aligned incentives in the mutually beneficial Fleet Manager operating model BIRD Efficient management ratio Fleet Managers provide logistics services for 100+ scooters each, driving meaningful scale Significant earnings become moat Earning potential as a Fleet Manager is far better than peer alternatives Hyper local knowledge Localized knowledge reduces city costs and improves operational outcomes Community Community of Fleet Managers drives retention STRONG FLEET MANAGER PARTNER RETENTION (Month-over-month partner retention¹) 98% Month 1 1. Month 1 corresponds to the first operational month for each cohort (e.g., July cohort Month 1 = 07/01/2020 - 07/31/2020). Adjusted for closed markets. 91% Month 2 11343 83% Month 3 80% Month 4 78% Month 5 78% Month 6 23#244 Category creator with advanced technology and data platform BIRD DATA Hardware Designed for safety, connectivity and durability Al sidewalk detection GPS and Global connected network Anti-theft brain-battery "handshake" tech BIRD BirdOS DATA BIRD 2 id-apprequired ater starting your ide, te da ide Software Purpose built for rider, operator and city DATA Rider apps • Ride booking • Real-time inventory • Payment Fleet Manager apps • Inventory management Repair training. • Drop engine www. MILA City apps • Location services • 3-1-1 compliance • Parking zones 24#255 Energy transition at its core BIRD RIDES TYPICALLY REPLACE HIGHER-EMISSION MODES Mode Shift Displacement Survey Results Other¹ 18% Public transit 9% BIRD Personal car 23% 51% of alternatives have higher emissions Walking 31% Ridehail 19% Each Bird Two prevents an estimated 103kg of greenhouse gas emissions during its lifetime² EACH BIRD'S GHG OFFSET IS EQUIVALENT TO THE CARBON ABSORBED BY 40 TREES³ Note: GHG assumptions based on The Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) Model by Argonne National Laboratory. Mode Shift results based on an October 2019 Bird survey through Qualtrics of "1k riders. 1. Other includes personal bike, personal scooter and bikeshare. 2. Based on Bird Two actual data, including pre-COVID KPIs, "1.5 year half-life, and 272 grams per passenger mile lifecycle GHG emissions. 3. Based on carbon sequestering per year of 6-year-old elm tree of 1,700 grams relative to a Bird Two over a 1.5 year period representative of a Bird Two half-life. 25#266 Strong unit economics, even with winter-like COVID utilization BIRD For every $10 earned Sharing Revenue¹ (-) Fleet Manager Rev Share (-) Charging & Repair (-) Other Ride Costs² Ride Profit (before Vehicle Depreciation) (-) Vehicle Depreciation Ride Profit (after Vehicle Depreciation) In-House Ops during Winter (Q4 2019) $10.00 0.00 4.50 6.33 ($0.83) 8.83 ($9.66) Note: Sharing Revenue and Ride Profit are non-GAAP metrics, see reconciliation in Appendix. 1. Net of sales tax, credits, discounts, refunds, disputes and failed payments; excludes vehicle and spare part sales. 2. Other Ride Costs includes service centers and field operations (including labor), mobile data, AWS, city revenue share, permits fees and CC fees. Fleet Manager Ops during COVID (H2 2020) $10.00 4.17 0.28 1.27 $4.28 2.85 $1.43 Reduced through the Fleet Manager model 26#27BIRD LO BAG RIDD MOD GEVON Financial Summary 27#28(331%) (88%) (126%) || (191%) 2018A Multiple operational drivers to achieve future profitability BIRD ADJUSTED EBITDA MARGIN (399%) (51%) (7%) H1 2019A H2 2019A H1 2020A H2 2020A 2021P 2022P Note: Adjusted EBITDA margin is a non-GAAP metric. See appendix for reconciliation. 18% 2023P Revenue Drivers Gross Margin Drivers Operating Expense Leverage KEY DRIVERS New cities and regions Fleet Manager unlocks long-tail Variable FM cost structure Allows for winter profitability R&D Increased scale and automation Increased utilization Rebound post-COVID Lower city-level overhead Reduced service centers and labor Ops Data-driven, systematized operations New form factors Bird Bike Vehicle improvements Longer vehicle life and fewer repairs G&A Scale 28#29Clear plan for significant growth PENETRATION ~65% Further penetrate existing regions (existing cities + new cities) EXPANSION ~20% Expand to new regions Note: Illustrative growth initiative contribution estimated based on management's projected Capex spend allocation. 1 INNOVATION ~15% New form factors (e.g., Bird Bike) 2 3 29#30BIRD Strong growth and long-term profitability (in millions, unless otherwise noted) Rides Avg. Rides per Deployed Vehicles per Day Average Deployed Vehicles (in thousands) Gross Transaction Value YOY Growth (%) Revenue YOY Growth (%) Ride Profit (before Vehicle Depreciation) Ride Profit Margin (% of Sharing Revenue) Gross Profit Gross Profit Margin (%) Operating Expenses % of Revenue Adjusted EBITDA % of Revenue FY2018A 24 2.8x 23 $79 $58 $(91) (155%) $(212) (363%) $157 268% $(194) (331%) FY2019A 40 2.5x 44 $162 105% $151 157% $(3) (2%) $(136) (90%) $250 166% $(226) (150%) FY2020A 18 1.3x 38 $116 (29%) $95 (37%) $16 20% $(24) (25%) $181 191% $(180) (190%) FY2021P 37 1.4x 70 $219 89% $188 98% $62 40% $21 11% $167 89% $(96) (51%) FY2022P 76 1.9x 107 $447 104% $401 114% $169 55% $110 27% $217 54% $(28) (7%) Note: Gross Transaction Value, Sharing Revenue, Ride Profit and Adjusted EBITDA are non-GAAP metrics, see reconciliation in Appendix. Certain FY2019 amounts have been reclassed to conform with current period presentation. FY2023P 170 2.4x 198 $897 101% $815 103% $425 62% $308 38% $307 38% $144 18% 30#31Asset financing facility secured to fund future vehicle CapEx Î BIRD Financing for vehicle CapEx enabled by Bird's multi-year track record of vehicle retention and revenue from tens of millions of global rides Further unlocks equity returns by nearly 50% and matches Bird's cash outflows to when vehicles generate the most cash (i.e., spring and summer) Asset-level debt supports Bird's global growth ambitions without the restrictive covenants of a traditional credit facility $40M fully committed facility with Apollo¹ this year, with path to larger facility to fund majority of vehicle CapEx in 2022 and beyond STATUS QUO Illustrative unlevered vehicle purchase² Vehicle Purchase Cash Flow 74% IRR Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Note: Cash flow diagrams illustratively based on period from Mar-2021 through Jun-2022, assuming COVID conditions through early 2022. 1. Facility with Apollo Investment Corporation and MidCap Financial Trust (each managed or advised by Apollo Capital Management, L.P., or its affiliates) 2. Based on illustrative $650 cost of single scooter. 3. Based on illustrative $650 cost of single scooter financed at 70% LTV and 50% net revenue repayment. ASSET FINANCING Illustrative levered vehicle purchase³ Vehicle Purchase 117% IRR ■Cash Flow ■Asset Financing Repayment Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 31#32Relative growth: Bird has experienced significant adoption Cumulative Revenue Since Founding ($M)¹ $350 $300 $250 $200 $150 $100 $50 BIRD $0 1 7 10 13 16 19 22 25 Months since Founding 28 31 34 37 40 Google DOORDASH Uber TESLA Bird is on track to outpace DoorDash "5 years in" Revenue ($M) Gross Margin DOORDASH FY2018 $291 19% FY2022E $401 29% 1. Defined as months operating with more than 100 vehicles in market for mobility, or date of first sale for retail; Uber, Google, Lyft and Tesla cumulative revenue based on publicly reported ride & revenue numbers, DoorDash cumulative revenue estimated based on market share. 32#33Transaction summary BIRD 33#34Detailed transaction overview $2.3B Enterprise Value | $160M PIPE Transaction Highlights Cash Sources Valuation Capital Structure • BIRD Switchback II Corporation has ~$316M in cash held in the trust account PIPE size of $160M ~$2.3B EV with strong balance Attractive valuation versus other mobility & logistics companies ~$667M in PF cash on balance sheet (assuming no redemptions) to fund growth and expansion Pro Forma Ownership at $10.00/Share4 PIPE Investors 5.5% SWBK Investors 10.8% SPAC Sponsor Shares 2.0% Existing Bird Shareholders 81.8% Sources SWBK Shares SWBK Cash in Trust PIPE¹ Total Sources $M $ 2,400 316 160 $ 2,876 Ownership Breakdown Existing Bird Shareholders² SWBK Investors PIPE Investors¹ SPAC Sponsor Shares³ Equity Ownership Cash and Cash Equivalents (from de-SPAC) (+) Bird Cash on Balance Sheet PF Cash Equity Value (Post-Money) Enterprise Value Uses $M Equity Consideration to Bird Shareholders² $2,400 Cash to Balance Sheet 428 48 Transaction Fees Total Uses $ 2,876 Pro Forma Capitalization Pro Forma Ownership4 Note: Bird cash on balance sheet includes unrestricted and restricted cash as of YE2020 and adjusted for $208M of proceeds from convertible senior preferred equity financing and $8.8M of vehicle financing draw as of 30-Apr-2021 1. Assumes PIPE of $160.0M at $10.00 per share. Shares (M) 240.0 31.6 16.0 5.9 293.6 $ 428 240 $ 667 $ 2,936 $2,277 % 81.8% 10.8 5.5 2.0 100.0 % 2. Equity value to Bird's existing shareholders is calculated as 240.0M Switchback II shares, using a $10.00 pro forma share price, on a fully diluted basis (excluding equity awards and restricted stock). Bird equity holders will also be entitled to receive an earnout following the closing of the transaction for shares that will be issuable upon the occurrence of certain triggers, including three separate share price achievements (30 million shares total, 10 million at each threshold, would be payable based on achievement of each of $12.50, $20.00, and $30.00 weighted average sales prices over any 10 trading days within any 20 consecutive trading day period in the 5 years following closing). 3. Excludes *1.98M SPAC sponsor shares subject to potential forfeiture, 50% of which are based on achievement of $12.50 price per share and remaining 50% based on $15.00 price per share, both over any 10 days within any 20 consecutive trading day period within 5 years of the closing of the transaction. 4. Pro forma ownership structure based on PIPE of $160M at $10.00 per share, assuming no redemptions by Switchback II shareholders. Excludes public and private SWBK warrants, existing Bird options/RSUs/warrants/restricted stock (7% of pro forma basic shares outstanding) and post-closing awards, including management grants vesting over 4 years (2% of pro forma basic shares outstanding), and additional management grants issuable on the same triggers as the Bird equity holder earnout and vesting over 4 years (10% of pro forma basic shares outstanding). 34#35Public comparable universe BIRD E-COMMERCE MARKETPLACE ECONOMY DOORDASH NETFLIX lyf Uber Grab CATEGORY CREATORS T P PELOTON DISRUPTIVE MOBILITY TECHNOLOGY -chargepoin+: VOLTA EVgo 35#36Operational benchmarking MARKETPLACE ECONOMY CATEGORY CREATORS DISRUPTIVE MOBILITY TECH. BIRD 2023P EBITDA MARGIN 27% 20% 16% 12% 8% 4% 0% 0 % NETFLIX T PELOTON Uber 20% 2022P 2023P REVENUE GROWTH, 2023P EBITDA MARGIN lyA DOORDASH Grab² 40 % 60 % Source: Bird projected figures per Bird Co, Bloomberg, Capital IQ, and company disclosures; market data as of 07-May-2021 1. ChargePoint's 2023 EBITDA Margin is (6%) and shown as 0% for illustrative purposes. 2. Reflects EBITDA / adj. net revenue. -chargepoin+: 2022P 2023P REVENUE GROWTH 1 80 % High Revenue Growth and High EBITDA Margin in 2023P VOLTA 100 % BIRD EVgo 207 % 36#37Financial benchmarking MARKETPLACE ECONOMY CATEGORY CREATORS DISRUPTIVE MOBILITY TECH. BIRD EV / Revenue EV / Revenue / Growth 2.8 X BIRD 0.03 X BIRD 3.5 x Uber 0.15 x Uber 2.8 x LyA 0.11 X lyf 7.5 X 2. PTON EV inclusive of operating leases, metrics PF for Precor acquisition. 3. Reflects adj. net revenue. DOORDASH 0.26 X DOORDASH 2023P FINANCIALS 8.2 x Median: 6.8 x 0.23 X Grab T 10.2 x Median: 0.18 x Grab³ Source: Bird projected figures per Bird Co, Bloomberg, Capital IQ, and company disclosures; market data as of 07-May-2021 1. Based on Bird enterprise value of $2.3B. 0.60 X T 6.1 x NETFLIX 0.43 x NETFLIX 4.0 X 2 P PELOTON 0.18 x 2 P PELOTON 13.0 x -chargepoin+: 0.18 X -chargepoin+: 5.1 x VOLTA 0.05 X VOLTA 15.0 x EVgo 0.07 X EVgo 37#38Financial benchmarking MARKETPLACE ECONOMY CATEGORY CREATORS DISRUPTIVE MOBILITY TECH. BIRD EV / Gross Profit EV / EBITDA 7.4 x BIRD 15.8 X BIRD 5.8 X Uber 28.3 x Uber 4.6 X Lyn 19.4 x lyr 13.5 x DOORDASH 62.0 x DOORDASH 2023P FINANCIALS 21.7 x Grab T 73.9 x Median: 13.6 x 43.6 x Median: 36.9 x Grab Source: Bird projected figures per Bird Co, Bloomberg, Capital IQ, and company disclosures; market data as of 07-May-2021 1. Based on Bird enterprise value of $2.3B. 2. PTON EV inclusive of operating leases, metrics PF for Precor acquisition. 51.2 X T 13.7 X NETFLIX 22.4 X NETFLIX 9.0 X 2 P PELOTON 29.6 X 2 P PELOTON 34.7 x -chargepoint. NM 10 7 FOR X VOLTA 44.2 X -chargepoint: VOLTA 24.9 x EVgo NM EVgo 38#39Fully Distributed Enterprise Value Sensitivities ($M) BIRD $ 2,277 Transaction Value $8,154 5.0x - 10.0x Illustrative Range $ 4,077 EV/ 2023P Revenue $ 6,160 10.0x - 20.0x Illustrative Range $ 3,080 EV / 2023P Gross Profit Source: Bird projected figures per Bird Co, Bloomberg, Capital IQ, and company disclosures; market data as 07-May-2021 Note: Based on Bird enterprise value of $2.3B. $ 16,471 0.1x -0.2x Illustrative Range $ 8,235 EV / 2023P Revenue / 2022P-2023P Growth $5,770 25.0x40.0x Illustrative Range $3,606 EV / 2023P Gross Profit 39#40Switchback II Investment Thesis SWITCHBACK II Proven Management Returns-Oriented Catalyst for Growth Dominant Market Share Megatrend Industry Tailwinds. Validated Valuation 40#41BIRD Thank you. BIRD 41#42BIRD LO BOYS DDD SIRRAPP CON Appendix 42#43Current large global footprint 200+ cities worldwide¹ BIRD .. CO Note: Includes in-house, Fleet Manager, and Platform markets. 1. As of May 2021. New Zealand 43#44GAAP Statement of Operations BIRD (in thousands) Revenues: Sharing Product Total Revenues Cost of sharing, exclusive of depreciation Cost of product Depreciation on revenue earning vehicles Gross margin Other operating expenses: General & administrative Selling & marketing Research & development Tariff reimbursement Total operating expenses Loss from operations Interest income Interest expense Other income, net Loss before income taxes Provision for income taxes Net loss FY2020A $79,941 $14,660 $94,601 $71,628 $22,716 $23,791 $(23,534) $152,910 $18,404 $34,376 $(24,986) $180,704 $(204,238) $282 $(6,844) $2,634 $(208,166) $64 $(208,230) 44#45GAAP Balance Sheet BIRD (in thousands) Assets Current assets Cash and cash equivalents Restricted cash and cash equivalents Accounts receivable, net Inventory Prepaid expenses & other current assets. Total current assets Property and equipment, net Vehicle deposits Vehicles, net Goodwill Other assets Total assets Liabilities, Redeemable Convertible Preferred Stock, and Stockholders' Deficit Current liabilities Accounts payable Accrued expenses Deferred revenue Notes payable - current Other current liabilities Total current liabilities Notes payable - non current Other liabilities Total liabilities Commitments and contingencies Redeemable Convertible Preferred Stock Redeemable convertible preferred stock, $0.000001 par value, 173,212,667 and 142,148,158 shares authorized, 153,738,962 and 135,023,946 shares issued and outstanding, respectively as of December 31, 2020 and 2019 Stockholders' Deficit Founders convertible preferred stock, $0.000001 par value, 7,493,443 shares authorized, 4,540,177 shares issued and outstanding as of December 31, 2020 and 2019 Common stock, $0.000001 par value, 275,000,000 and 229,000,000 shares authorized, 54,913,358 and 45,238,688 shares issued and outstanding, respectively as of December 31, 2020 and 2019 Additional paid-in capital Accumulated other comprehensive income Accumulated deficit Total stockholders' deficit Total liabilities, redeemable convertible preferred stock and stockholders' deficit FY2020A $43,158 $9,609 $2,857 $5,256 $8,254 $69,134 $4,152 $13,290 $81,105 $131,255 $4,944 $303,880 $12,212 $20,004 $42,900 $29,280 $5.078 $109,474 $10,172 $119,646 $1,044,282 $92,654 $13,005 $(965,707) $(860,048) $303,880 45#46GAAP Statement of Cash Flows BIRD (in thousands) Cash flows from operating activities Net loss Adjustments to reconcile net loss to net cash used in operating activities: Changes in assets and liabilities, net of impact of business acquisitions and disposals: Net cash used in operating activities Cash flows from investing activities Net cash provided by investing activities Cash flows from financing activities Net cash provided by financing activities Effect of exchange rate changes on cash Net decrease in cash, cash equivalents, and restricted cash Cash and cash equivalents, and restricted cash and cash equivalents at beginning of period Cash and cash equivalents, and restricted cash and cash equivalents at end of period FY2020A $(208,230) $56,409 $1,670 $(150,151) $56,302 $31,866 $(3,590) $(65,573) $119,340 $53,767 46#47Non-GAAP reconciliations (in millions) Gross Transaction Value Contra Revenue Platform Revenue Adjustment Revenue Product Sales Revenue Sharing Revenue Gross Profit Vehicle Depreciation Vehicle Count Adjustments Net Impact of Product Sales Division Ride Profit (before Vehicle Depreciation) % of Sharing Revenue Vehicle Depreciation Ride Profit (after Vehicle Depreciation) % of Sharing Revenue Net Income Net Interest (Income) / Expense Income Tax Depreciation & Amortization Vehicle Count Adjustments Stock Based Compensation Vehicle Tariff Reimbursements Adjusted EBITDA % of Revenue BIRD FY2018A $78.9 $(20.4) $0.0 $58.5 $0.0 $58.5 $(212.1) $112.5 $8.9 $0.0 $(90.7) (155%) $(112.5) $(203.3) (348%) $(367.4) $(1.6) $0.0 $113.4 $8.9 $53.0 $0.0 $(193.8) (331%) Q1 $15.4 $(1.6) $0.0 $13.8 $(0.6) $13.2 $(44.6) $24.3 $3.9 $1.4 $(15.0) (113%) $(24.3) $(39.3) (297%) $(89.5) $(0.5) $0.0 $24.8 $3.9 $2.2 $0.0 $(59.1) (428%) Q2 $45.5 $(3.1) $(0.4) $41.9 $(1.8) $40.2 $(42.7) $30.0 $14.8 $1.0 $3.1 8% $(30.0) $(27.0) (67%) $(96.4) $1.7 $0.0 $31.2 $14.8 $1.3 $0.0 $(47.4) (113%) FY2019A Q3 $64.1 $(3.3) $(0.5) $60.3 $(3.2) $57.1 $(15.7) $31.4 $(6.9) $2.1 $11.0 19% $(31.4) $(20.4) (36%) $(101.2) $2.1 $0.0 $33.2 $(6.9) $26.0 $0.0 $(46.8) (78%) Q4 $37.0 $(2.6) $0.1 $34.5 $(4.5) $30.0 $(32.7) $26.5 $(2.1) $5.8 $(2.5) (8%) $(26.5) $(29.0) (97%) $(100.3) $1.4 $0.2 $26.9 $(2.1) $1.1 $0.0 $(72.8) (211%) FY $162.0 $(10.7) $(0.8) $150.5 $(10.1) $140.4 $(135.7) $112.2 $9.8 $10.2 $(3.4) (2%) $(112.2) $(115.7) (82%) $(387.5) $4.7 $0.3 $116.1 $9.8 $30.6 $0.0 $(226.1) (150%) Note: Certain FY2019 amounts have been reclassed to conform with current period presentation. FQ2019 and FQ2020 figures are unaudited and unreviewed. Q1 $23.9 $(2.4) $(0.6) $20.9 $(4.8) $16.1 $(15.8) $7.2 $(2.4) $2.3 $(8.8) (54%) $(7.2) $(15.9) (99%) $(69.5) $1.8 $0.1 $10.6 $(2.4) $2.3 $(23.2) $(80.3) (384%) Q2 $13.0 $(0.7) $(2.2) $10.1 $(0.4) $9.6 $(6.4) $3.2 $(0.1) $4.7 $1.5 15% $(3.2) $(1.8) (18%) $(50.3) $1.7 $0.0 $5.7 $(0.1) $1.2 $(1.4) $(43.4) (430%) FY2020A Q3 $49.1 $(4.5) $(4.9) $39.7 $(6.1) $33.6 $0.6 $9.0 $4.4 $0.5 $14.6 44% $(9.0) $5.6 17% $(44.3) $1.5 $0.1 $11.1 $4.4 $1.2 $0.0 $(26.0) (65%) Q4 $29.5 $(3.3) $(2.3) $23.9 $(3.3) $20.6 $(2.0) $6.4 $3.6 $0.5 $8.6 42% $(6.4) $2.1 10% $(44.2) $1.6 $(0.1) $8.0 $3.6 $1.4 $(0.3) $(30.0) (126%) FY $115.5 $(10.9) $(10.0) $94.6 $(14.7) $79.9 $(23.5) $25.8 $5.6 $8.1 $15.9 20% $(25.8) $(9.9) (12%) $(208.2) $6.6 $0.1 $35.3 $5.6 $6.1 $(25.0) $(179.6) (190%) 47#48Risk factors The COVID-19 pandemic and the impact of the actions taken to mitigate the pandemic have adversely affected, and may continue to adversely affect, Bird's business, financial condition and results of operations. . . . . ● Bird has a relatively new and evolving business model with a short operating history, which makes it difficult to evaluate future prospects, forecast financial results, and assess the risks and challenges Bird may face. Bird has incurred significant operating losses in the past and may not be able to achieve or maintain profitability in the future. If Bird fails to retain existing users or add new users, or if Bird's users decrease their level of engagement with its products and services, Bird's business, financial condition and results of operations may be significantly harmed. If Bird fails to attract and retain qualified Fleet Managers, or to increase utilization rates with its existing Fleet Managers, its revenue, financial results and business may be significantly harmed. Bird operates in a new and rapidly changing industry, which makes it difficult to evaluate its business and prospects. Poor weather adversely affects the use of Bird's services, which causes seasonality in its business and could negatively impact financial performance from period to period. Future operating results depend upon Bird's ability to obtain scooters that meet its quality specifications in sufficient quantities on commercially reasonable terms. Bird's metrics and estimates, including the key metrics included in this presentation, are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may harm its reputation and negatively affect its business. Bird has purchased third-party insurance policies in specified dollar amounts to provide certain coverage for injuries and deaths arising from its vehicles and/or the use of its vehicles, as well as legal costs associated with claims about any such injuries and deaths. If Bird's insurance coverage is insufficient, in amount or in breadth of coverage, for any such injuries and deaths or legal expenses resulting therefrom, or if Bird's insurance providers are unable to meet their obligations, Bird may not be able to mitigate the inherent risks facing its business as a result of injuries and deaths occasioned by its vehicles or the use of its vehicles, which could adversely affect Bird's business, financial condition and results of operations. For the past two years, Bird has experienced a significant increase each year in litigation costs (inclusive of defense costs and settlement payments) associated with personal injury claims. If Bird continues to experience significant increases in litigation costs, these costs could outpace the amount of insurance Bird maintains or fall outside the scope of such insurance, which could adversely affect Bird's business, financial condition and results of operations. Since Bird's inception, Bird has been involved in over one hundred personal injury lawsuits and threats of lawsuits involving allegations of soft-tissue injuries, fractures, brain injuries, internal injuries and death. To date, these actions have not resulted in a material loss to Bird, whether through settlements or defense costs, but many lawsuits remain pending and the number of lawsuits may rise as the number of consumers increases. The outcome of litigation is inherently unpredictable and could adversely affect Bird's business, financial condition and results of operations to the extent settlements, verdicts, and/or defense costs exceed Bird's insurance coverage or are outside the scope of Bird's insurance coverage. The costs of Bird's insurance coverage may rise significantly, or insurance coverage for Bird's business may become unavailable in the insurance market. Alternatively, Bird's insurance providers may require Bird to cover more costs through self-insured retentions, deductibles, or co-insurance obligations. Any of these scenarios could adversely affect Bird's business, financial condition and results of operations. Bird's business model includes its engagement of service providers through its Fleet Manager program, and that program and Bird's business may be adversely affected if claims are initiated that allege misclassification, and attendant violations of the California Labor Code, wage laws or other laws, as the result of Bird's treatment of Fleet Managers as contractors. The costs associated with defending, settling or resolving any such proceedings, and any liability determination, may substantially harm Bird's business, reputation and financial results, including by rendering further operations of Bird's business economically unfeasible or impracticable. Bird is defending consolidated proceedings alleging that individuals engaged as vehicle chargers and mechanics were misclassified as independent contractors in violation of the California Labor Code and wage laws. The costs associated with defending, settling or resolving these proceedings, and any liability determination, may substantially harm Bird's business, reputation and financial results. BIRD 48#49Risk factors (cont'd) . ● . . . . . . Changes to its pricing could adversely affect Bird's ability to attract or retain qualified Fleet Managers and users. Illegal, improper or inappropriate activity of users could expose Bird to liability and harm its business, brand, financial condition and results of operations. Exposure to product liability in the event of significant vehicle damage or reliability issues could harm Bird's business, financial condition and results of operations. Bird relies on third-party payment processors to process payments made by users on its platform and/or made to Fleet Managers and platform partners, and if Bird cannot manage relationships with such third parties and other payment-related risks, its business, financial condition and results of operations could be adversely affected. The markets in which Bird operates are highly competitive, and competition represents an ongoing threat to the growth and success of its business. Bird is expanding, its Fleet Manager network. Any failure by Bird's Fleet Managers to maintain vehicle quality or service levels or uphold brand standards, or material changes to labor classifications or franchise regulations, could have a negative impact on Bird's reputation and business. In most instances, Bird partners with its Fleet Managers and Platform partners to support its local operations and may be limited in its ability control the compliance of such Fleet Managers and Platform partners with state and local laws, rules and ordinances relating to safety, environmental protection and related matters. Bird's ability to operate within a local jurisdiction is generally subject to oversight and regulation in accordance with such legal requirements and typically requires various local and other governmental approvals and permits that may vary by jurisdiction. The nature and extent of any changes in these legal requirements, approvals and permits may be unpredictable and may materially impact Bird's business. If key approvals and permits cannot be obtained on acceptable terms, or if Bird, its Fleet Managers or its Platform partners fail to meet requirements in the local jurisdictions in which they operate, such failure could adversely impact Bird's reputation, business and operating model. Bird is expanding its Platform partnerships and Fleet Manager relationships. Any failure by Bird's platform partners or Fleet Managers to maintain vehicle quality, service levels, or relationships with local government authorities, or material changes to labor classifications (including any ruling that Platform partners or Fleet Managers should be classified as employees) or franchise regulations, could adversely impact Bird's reputation, business and operating model. Bird relies on distributors to distribute and sell its consumer products offerings to retailers. If Bird's scooters, mobile applications or other services have defects, the reputation and brand of Bird's platform and services could suffer, which could negatively impact the use of its products and services, and negatively impact operating results and financial condition. Bird may acquire other businesses, which could require significant management attention, disrupt its business, dilute stockholder value and adversely affect operating results. The global nature of Bird's business may subject it to increased business and economic risks that could impact financial results. Bird's business is subject to interruptions, delays or failures resulting from earthquakes, other natural catastrophic events, geopolitical instability, war, terrorism, public health crises and other unexpected events. The loss of one or more of Bird's key personnel, or failure to attract and retain other highly qualified personnel in the future, could harm Bird's business. The impact of economic conditions, including the resulting effect on discretionary consumer spending, may harm Bird's business and operating results. Bird may need additional capital, and cannot be certain that additional financing will be available. Bird's company culture has contributed to its success and if Bird cannot maintain this culture as it grows, its business could be harmed. Bird's user growth and engagement on mobile devices depend upon effective operation with mobile operating systems, networks and standards that it does not control. Bird's business could be adversely impacted by changes in the Internet and mobile device accessibility of users and unfavorable changes in or failure to comply with existing or future laws governing the Internet and mobile devices. Bird relies on third parties maintaining open marketplaces to distribute its application and provide the software it uses in certain products and offerings. If such third parties interfere with the distribution of products or offerings or with Bird's use of such software, if Bird is unable to maintain a good relationship, or if marketplaces are unavailable for any prolonged period of time, Bird's business will suffer. BIRD 49#50Risk factors (cont'd) The operators of digital storefronts on which Bird publishes its mobile application in many cases have the unilateral ability to change and interpret the terms of contract Bird has with them. Bird may be a party to intellectual property rights claims and other litigation which are expensive to support, and if resolved adversely, could have a significant impact on Bird and Bird's stockholders. . . . . ● . . . If Bird is unable to protect its intellectual property, the value of its brand and other intangible assets may be diminished, and business may be adversely affected. Any significant disruption in Bird's services or in information technology systems could result in a loss of users or harm Bird's business. Damage to, or failure of, Bird's systems or interruptions or delays in service from Bird's third-party cloud service platforms could impair the delivery of service and harm business. Bird's service relies on GPS and other Global Satellite Navigation Systems. Computer malware, viruses, hacking, phishing attacks and spamming could harm Bird's business and results of operations. Systems failures and resulting interruptions in the availability of Bird's website, applications, platform or offerings could adversely affect Bird's business, financial condition and results of operations. Action by governmental authorities to restrict access to Bird's products and services in their localities could substantially harm business and financial results. Bird has faced and is likely to continue to face lawsuits from local governmental entities, municipalities and private citizens related to the conduct of its business. Government regulation of the Internet and user privacy is evolving and negative changes could substantially harm Bird's business and operating results. Bird collects, stores, processes and uses personal information and other customer data, which subjects it to governmental regulation and other legal obligations related to privacy, information security and data protection and Bird's actual or perceived failure to comply with such obligations could harm its business. Expansion of products or services could subject Bird to additional laws and regulations, and any actual or perceived failure by Bird to comply with such laws and regulations or manage the increased costs associated with such laws or regulations could adversely affect Bird's business, financial condition or results of operations. Bird is regularly subject to claims, lawsuits, government investigations and other proceedings that may adversely affect Bird's business, financial condition and results of operations. Bird may face limitations to the amount of income in future years that can be offset by historic losses, including as a result of significant changes in its shareholder base or as a result of acquisition activity. Bird is exposed to fluctuations in currency exchange rates. Unanticipated changes in Bird's income tax rates or exposure to additional tax liabilities may affect future financial results. BIRD 50