#1The Freightos Group Making global trade frictionless The global freight booking platform, addressing the monumental challenges of global supply chain June, 2022 C HFREIGHTOS#2Disclaimer About this Presentation This investor presentation (this "Presentation") is for informational purposes with respect to the proposed business combination (the "Business Combination") between Gesher I Acquisition Corp. ("Gesher") and Freightos Limited ("Freightos") and for no other purpose. The information contained herein does not purport to be all-inclusive and none of Gesher, Freightos or their respective affiliates or representatives makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this Presentation. Viewers of this Presentation should make their own evaluation of Freightos and of the relevance and accuracy of the information contained herein and should make such other investigations as they deem necessary. This Presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of Gesher, Freightos, or any of their respective affiliates, nor shall there be any 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. You should not construe the contents of this Presentation as legal, tax, accounting or investment advice or a recommendation. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein, and, by accepting this Presentation, you confirm that you are not relying upon the information contained herein to make any investment decision. The distribution of this Presentation may also be restricted by law and persons into whose possession this Presentation comes should inform themselves about and observe any such restrictions. Forward-Looking Statements Certain statements in this Presentation may be considered "forward-looking statements" within the meaning of the provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events of Gesher's or Freightos' future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate”, “anticipate", "believe", "predict", "project", "target", "plan", "potential" or "continue", 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 are inherently uncertain. 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. Any forward-looking statements included in this Presentation speak only as of the date they are made, and neither Gesher nor Freightos undertakes any duty to update these forward-looking statements Financial Information; Non-GAAP Financial Measures Freightos' historical financial information is prepared in accordance with International Financial Reporting Standards. Such information has not been audited in accordance with Public Company Oversight Board ("PCAOB") standards. We cannot assure you that, had the financial statements been compliant with Regulation S-X under the Securities Act of 1933, as amended, and the regulations of the SEC promulgated thereunder or audited in accordance with PCAOB standards, there would not be differences and such differences could be material. An audit of Freightos' financial statements in accordance with PCAOB standards is in process and will be included in the proxy statement / prospectus relating to the Business Combination. Accordingly, there may be material differences between the Presentation of the financial information included in this Presentation and in the proxy statement / prospectus. This Presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP") including, but not limited to, EBITDA and free cash flow. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing Freightos' financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that the presentation of these measures may not be comparable to similarly-titled measures used by other companies. Gesher and Freightos believe these non-GAAP measures provide useful information to management and investors regarding certain financial and business trends relating to Freightos' financial condition and results of operations. Gesher and Freightos believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in and in comparing Freightos' financial results with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures 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. Certain monetary amounts, percentages and other figures included in this Presentation have been subject to rounding adjustments. Certain other amounts that appear in this Presentation may not sum due to rounding. FREIGHTOS 2#3Disclaimer Use of Projections This Presentation contains financial forecasts with respect to Gesher and Freightos' projected financial results, including gross revenue, platform revenue, SaaS revenue, gross profit, EBITDA and free cash flow. Neither Gesher's nor Freightos' 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, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this Presentation. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Freightos or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this Presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Industry and Market Data This Presentation includes certain information and statistics obtained from third-party sources. None of Gesher, Freightos or any placement agent has independently verified the accuracy or completeness of any such third-party information. Additional Information about the Business Combination and Where to Find It Freightos intends to file with the SEC a registration statement on Form F-4 (the "Registration Statement") including a proxy statement prospectus relating to the proposed Business Combination. Gesher will mail the proxy statement to its shareholders once definitive. This Presentation does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. Gesher's and Freightos' shareholders and other interested persons are advised to read, when available, the Registration Statement and the amendments thereto and other documents filed in connection with the proposed Business Combination, as these materials will contain important information about Gesher, Freightos and the Business Combination. Shareholders will also be able to obtain copies of the proxy statement prospectus and other documents filed with the SEC, without charge, once available, at the SEC's website at www.sec.gov, or by directing a request to: Gesher I Acquisition Corp., Hagag Towers, North Tower, Floor 24, Haarba 28, Tel Aviv, Israel. Participants in Solicitation Gesher, Freightos and their respective directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies of Gesher shareholders in connection with the potential transaction described herein under the rules of the SEC. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Gesher's directors in Gesher's Form 10-K filed with the SEC on December 29, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement / prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement / prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above. NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. FREIGHTOS 3#4Agenda Executive Summary Market Overview Freightos Overview Financials and Predictable Growth Transaction Terms and Comparables FREIGHTOS Presenters Zvi Schreiber, CEO Freightos Group Serial entrepreneur with acquisitions by GE & IBM. PhD (computer science), author of articles, patents and books. IBM LIGHTECH hel do Ruthie Amaru Chief Product Officer Freightos Group Ezra Gardner CEO Gesher I Acq. Corp#5FREIGHTOS The booking and payment platform of international freight The premier vendor-neutral platform for air and ocean shipping, supporting supply chain efficiency and agility with real-time freight procurement. Needed now more than ever to fix the trillion dollar global freight industry. FREIGHTOS Best value Shenzhen, CN -> Detroit, MI Ocean | 22-27 days Pallet, .98 CBM Flash Forwarding ✰✰✰✰✰ Shenzhen, CN → Detroit, MI Air 1 5-8 days Pallet, .98 CBM AirExpert Forwarding ✰✰✰✰✰ Easy peasy. More than pleasant experience. Collin Parker, USA (March, 2022) Small importer % Save $50 4.5 out of 5 based on 697 reviews $1.290.69 $1,17968 Trustpilot Select $9,43945 Select Freightos has been our trusted partner for years...Communication is seamless. Rochelle D., USA (Jan. 2022) Small importer ગ#6Making the complexities of global trade shockingly simple. Hong Kong FREIGHTOS Italy Scotland Brazil O at http://ship.to/vid-1 England China 6#7The prime public pure-play global freight platform opportunity Total 3PL Market Size '26(E) $1.8 trillion 1 2023(P) GBV $1.65 bn '19 Q1-'22 Q1 GBV CAGR 213% '23(E) Gross Margin 64% Leading platform traction 10K Importers/exporters 3.5K Forwarders 200 Carriers FREIGHTOS Massive investment opportunity in a huge, offline, and inefficient industry Leading end-to-end international freight booking and payment platform Sustained, rapid Gross Booking Value and revenue growth with strong SaaS revenue base Positive unit economics, increasing gross margins, growing take rate and capital efficient Scalable model with network effects, technology, and data moats Proven team and board, a leading logistics tech brand, and decarbonization mission Sources: 1. Global Market Insights 7#8Outstanding leadership Key Board Members FREIGHTOS Zvi Schreiber CEO Freightos Group Ezra Gardner* CEO Gesher I Acq. Corp Bob Mylod Chairman Booking Group, Vroom, Dropbox Dr. Udo Lange* President & CEO FedEx Logistics William Chin Head of Commodities SGX Guillaume Halleux CEO Qatar Airways Cargo Inna Kuznetsova* CEO 1010data, former INTTRA Michael Eisenberg Partner Aleph, former Benchmark Glen Schwaber Partner More Ventures Vast board and senior management experience Booking.com ceva AIRFRANCE KLM UBS J.P.Morgan KPMG MSD Capital LP Lemonade vroom REDFIN affirm DB SCHENKER IAG Cargo LOGISTICS 。||||||. CISCO QATAR AIRWAYS Lbill pwe İNTTRA Notable shareholders Dropbox IBM WIX.CO IAG Cargo BOLLORE LOGISTICS DHL Aff Lufthansa ..com (GE) MOREVC SGX FedEx BENCHMARK *Planned appointments EAM. 1 Corporation ALEPH 8#9Outstanding leadership Executive Team Zvi Schreiber in Founder & CEO FREIGHTOS Serial entrepreneur with acquisitions by GE & IBM. PhD technologist, author of articles, patents and books. Proven strategy & execution experience. lan Arroyo in Chief Commercial Officer Freightos.com Entrepreneur, strategy geek, and people builder. Cross-industry go-to-market & growth experience. Michael Oberlander in General Counsel Experienced lawyer combining inhouse and law firm experience across a variety of tech and import topics. Public company experience. Ran Shalev in Chief Financial Officer Former COO & CFO of a GE supply chain company and CFO of software companies. Eytan Buchman in Chief Marketing Officer Seasoned B2B storyteller, supply chain tech speaker and writer, published in WSJ, FT and more. Merav Carmeli in VP Human Resources Experienced HR leader with a track record of scaling organizations and developing talent at a variety of tech companies. Manuel Galindo in CEO WebCargo Founded WebCargo in college, leading organic expansion to 900 customers worldwide. Ruthie Amaru in Chief Product Officer Extensive experience in building strategic products and teams, at start-ups and IBM. Joyce Tai in Executive Vice President Worldwide Partnerships Global partnership executive, with experience forging relationships with the world's largest organizations 9#10Freightos Group Profile Brands HIFREIGHTOS Group name and primary brand for importers/exporters. Freightos.com is our flagship booking platform for importers and exporters. We also publish data indexes under the Freightos brand. WEBCARGO WebCargo was a SaaS platform acquired in 2016 which we evolved into a transactional platform. WebCargo.co is the primary site for professional logistics service providers. H7LFREIGHT Less-than-truckload rates database for the US. 7L also has a database of air rates which is being merged with WebCargo. Acquired in December, 2021. Clearit Clearit is a digital customs brokerage in the US and Canada with direct integration into the Freightos.com platform. Acquired in February, 2022. Key Data Established 2012 Team 330+ Highlights of business combination with Gesher I SPAC Total Enterprise Value - $435m A Fully funded Capital from SPAC expected to be sufficient to reach positive cash flow GESHER ACQUISITION CORP Funding to date $120m About Gesher I SPAC Deep venture and public market expertise; Long-term alignment through meaningful lock-up period Committed Capital $80m Anchor investors M&G Investments (AUM -$460 billion) Qatar Airways#11Growth Strategy ordered by priority 1. Continue to aggressively scale GBV ($k) ¹ $125,000 $100,000 $75,000 $50,000 $25,000 $0 2019-Q1 80.0% 60.0% 40.0% 20.0% 2019-Q2 0.0% 2019-Q3 3. Drive gross profit margin higher 2020PF 2019-Q4 2020-Q1 213% CAGR 2020-Q2 2021PF 2020-Q3 2020-04 2021-Q1 2022PF(E) 2021-Q2 2021-Q3 2021-Q4 2023E 2022-Q1 2. As customer value increases, can increase platform take-rate from buyers & sellers, growing net revenue ($m) $40 $30 $20 $10 $0 0.00% -5.00% -10.00% 4. Stay capital efficient with modest cash burn and free cash flow/GBV trending towards profitability -15.00% 2020PF -20.00% 2021PF 2020PF 2022PF(E) 2023E 2021PF 2022PF(E) Platform Revenue SaaS Revenue 2023E ...building an unassailable market position, and monetizing over time 1. See description of Gross Booking Value on Page 40 11#12Agenda Executive Summary Market Overview Freightos Overview Financials and Predictable Growth Transaction Terms and Comparables FREIGHTOS 12#133PL market projected to reach $1.8 trillion¹ / year by 2025 with 9% CAGR. It is the engine driving the global economy. Goods global trade 2021 $22.5 trillion² 23% of global GDP3 FREIGHTOS <\> Freightos is the leading platform connecting Ocean container freight Air cargo (excl. courier/charter) Trucking Less Than Truckload, US Freight forwarders Customs brokerage North America Expansion Opportunities Platform for Transportation Services Courier / Express / Parcel Air cargo charter Bulk shipping (tankers) Full truckload Value Added Services Warehousing Last mile fulfillment Financial services Sources:1. Global Market Insights 2. UNCTAD 3.Based on IMF GDP data 13#14Freight is one of the last remaining industries with layers of non-digitalized intermediaries FREIGHTOS Carriers AIX Freight Forwarders Importers /Exporters 14#15As a result, international freight is broken. It is intermediated, offline, complex, and expensive. Everyone pays. Pricing and Booking Slow quoting 2-3 days average quote turnaround 1 Opaque pricing 30-100%+ price spread for importers Non-binding prices Prices subject to significant changes post-booking Dependability No committed transit time or guaranteed pickup UNI TE @ Key contributors to persistent supply chain challenges Shipment Management Capacity utilization ~50% of air cargo holds empty pre-COVID 2 Complex coordination ~30 actors involved in each ocean freight shipment ³ Time intensive Over 2 hours spent managing each individual shipment 4 Emission heavy Responsible for 7% of global emissions 5 with poor utilization Sources: 1. Freightos, 2021 2. IATA, 2021 3. IBM & UN 4. Freightos Survey, 2018 5.International Transport Forum, 2016#16Global supply chains are fragile and prone to disruption. The result? Inventory shortages, high cost and persistent volatility. $20,000 $15,000 $10,000 $5,000 $0 2020-Jan 2019-Dec 2020-Feb 2020-Mar I 2020-Apr FREIGHTOS Global freight typical cost per product¹ 2020-Jun 2020-May 2020-Jul 2020 $58 $4 $50 2020-Aug 2020-Oct 2020-Sep 2020-Nov 2022 $595 2020-Dec $44 $516 2021-Jan 2021-Feb 2021-Mar 2021-Apr 2021-Jun 2021-May 2021-Jul 2021-Aug 2021-Oct Cost for 40' container from China to the US (West Coast) ² 2021-Nov 2021-Dec 2022-Jan 2022-Feb 2022-Mar The New York Times August 2021 Bloomberg December 2021 FT FINANCIAL TIMES November 2021 March 2022 REUTERS Bloomberg September 2021 FT TIMES ust 2019 "The World Is Still Short of Everything. Get Used to It" "Supply-Chain Logjam of Holiday Gifts Weighs In at $65 Billion" "High shipping costs to push up global inflation, UN warns" "Ukraine conflict adds to European supply chain snags" "China Typhoons Pose Latest Supply-Chain Threat as Ports Shut" "Donald Trump to hit $300bn in Chinese goods with 10% tariff" Sources: 1. Internal calculation 2. Freightos Baltic Index, 2022 16#17Platforms digitalize the world, unlocking huge value. Now they can solve supply chain crises. Siloed Digitalization Individual company digitalization without full connectivity (eg individual ecommerce sites) B2C 1995-2010 Domestic B2B 2010-2020 Global B2B 2020 - Now ↑ Platformication Vendor-neutral digital infrastructure across a variety of players, unlocking huge value а, Booking.com Marketplace UBER shopify Magento An Adobe Company amazon business SAP Ariba FREIGHTOS ...#18Agenda Executive Summary Market Overview Freightos Overview Financials and Predictable Growth Transaction Terms and Comparables FREIGHTOS 18#19Freightos: The Global Freight Booking and Payment Platform Improving freight pricing, booking efficiency, capacity utilization, and global trade efficiency as an agonistic player - not as a carrier, forwarder, or broker Freightos FREIGHTOS Carriers - WebCargo - Forwarders Freightos Platform Freightos SaaS & Data WebCargo Connects service providers. Similar to travel Global Distribution Systems Amadeus, Sabre AMADEUS Sabre Enterprise Value¹ $29.9B $5.9B + ← - Freightos.com→ Importers/ exporters Freightos.com Marketplace serving end customers, Similar to platforms like Booking.com Booking.com Expedia® Enterprise Value¹ $85.5B $22.2B ¹Yahoo! Finance Enterprise Value (May 30, 2022) 19#20Freightos: The Global Freight Booking and Payment Platform Industry Traction Carriers 35% 41% Air cargo capacity digitized Ocean capacity in process ¹ FREIGHTOS 1 And hundreds of carriers with manual connections - WebCargo - Forwarders Freightos Platform Freightos SaaS & Data - Freightos.com→ Importers/ exporters 3,500+ 19/20 10,000 5+ Global forwarders Top forwarders 3 All spanning 10,000+ offices that represent over 30% of the world market in air cargo Cumulative importers/ exporters Global 1000 pilots underway Sources: 1. Internal data and IATA, 2021 2. Internal data and Alphaliner 3. Based on Armstrong, 2020 20#21All underpinned by WebCargo the largest air cargo carrier/forwarder platform FREIGHTOS View at http://ship.to/vid-2 21#22Freightos.com: Helping importers combat price increases and volatile inventory with price & capacity visibility and vendor-agnostic management Real time pricing, CO² and transit time Instant comparisons instead of industry average of two days Definitive, carrier specific capacity Book based on actual available capacity with airlines and ocean liners (beta) Neutral reliability and review metrics Improved solution selection with aggregate data and reviews across 45K+ shipments FREIGHTOS FREIGHTOS Origin Port/Airport | CNING 8 Top Quotes (34 in total) Filters Modes Booking type Guaranteed capacity (1) Expiry Date Pricel Seller 0 Search Recommended Services Destination Fullfillment Center | #DPX1 Best value 20-21 days $2,477 Guaranteed capacity Est. transit time 3-4 days Top Logistics Provider Est. Departure Sep 01, 2021 | 07:00 AM (UTC) Top Logistics Provider Quickest 16-21 days. $4,305 Est. transit time. 3-4 days (Port to port 9 days) Load 1 Box/Crate | 0.71 CBM, 5 KG Shining Ocean ✰✰✰✰✰ (204) B Seabay International Freight Forwarding Ltd (204) Guarantees space on a specific vessel. Fees apply for missing the cut-off date, or for cancelations. Est. Arrival Oct 10. 2021 | 10:00 PM (UTO) Route 200000, SHANGHAI EXPRESS BEVERLY HILLS, CA SWEDEN KRAINE IBAN Booking Route 200000, SHANGHAI EXPRESS BEVERLY HILLS, CA SRI LANKA Cheapest 23-30 days. $1,238 INDIA A KAZAKHSTAN TAJIKISTAN mapbox THAILAND MALAYSIA Action Required (1) SHIPMENT NAME INDONESIA #S210912000645 Goods $1,34 Within two weeks #5200311005111 MONGOLIA CHINA Active (3) #S200219000923 Verification PHILIPPINES AUSTRALIA PAPUA NEW GUINEA All (13) JAPAN STATUS Greenest 27-32 days $1,5381 Booking Placed Goods Received Transport Booked $22,49170 Select Cut Off: Aug 31, 2021 03:00 PM (UTC) Best Value $20,23499 Select Narth Pacific Ocean GOODS READY September 13 2021 March 12 2020 Find a Quote Q Configure columns February 12 2020 CANADA UNITED STATES MEXICO GREENLAN Export RECEIVE GOODS B July 8 2020 October 13 2020 (est.) July-24-2020 ICELAND North Ocean COLOMBIA Mapbox OpenStreetMap Improve this map = PERU SWEDEN Hide Map PORT DEPART October 20 july-22-2020 1 E E Unified tracking Live integrated updates with direct connectivity to dozens of logistics providers Documentation and communication management One-stop management of key freight data across forwarders, customs brokers and other players Sample Data 22#23WebCargo: Increasing capacity utilization and booking efficiency for 3K+ forwarders with digital carrier pricing, capacity, and freight sales. Direct capacity access Real-time pricing and capacity from over 30 airlines Static rate management Augment dynamic pricing with static managed rates using WebCargo SaaS All-in pricing Powerful algorithms can include trucking fees in the full quote Patented design Intuitive user interface with design trademarks in US and Europe FREIGHTOS WEBCARGO SHANGHAI CHINA NEW YORK, USA Results view: Matrix AIRFRANCE QATAR CARGO AIRBRIDGECARGO IBERIA Classic Lufthansa New booking Departure date Dec 16, 2019 Sort by: Airline Departure date. PVG+ JFK 6:00 pm-07:20 am-1 130 20 Cheapest 3.24/kg PVG LAX JFK 6:00 pm -07:20 am-1 13h 20 €710:00 €3.55/kg Showing the 42 lowest rates played rates are All-in (including freight rate fuel and risk. Other surcharges may be included depending on the autine Wed 16 DEC Thu 17 DEC Sat 19 DEC PVG LAX+ JFK 6:00 pm 07:20 am +1 136 20 €730.00 €3.80/kg PVG LAX + JFK 6:00 pm-07:20 am -1 13h.20 €3.91/kg My bookings PVG LAX + JFK 6:00 pm -07:20 am +1 13h 20 Goods type General cargo €890.00 €3.93/kg Load 100 Boxes PVG LAX + JFK 6:00 pm -07:20 am +1 Ⓒ13220 €650.00 €3.44/kg PVG LAX JFK 6:00 pm 07:20 am +1 13h 20 €780.00 €3.67/kg ile Loading the best result for you... PVG LAX + JFK 6:00 pm 07:20 am 1 13h 20 €7:20/kg Raleko Sorry, we found no results filling this criteria. Total shipment 12.50 CBM, 1000 KG Total Fri 18 DEC Both PVG LAX + JFK 6:00 pm - 07.20 am +1 0136 20 6546.20 (3.33/kg PVG JFK 6:00 pm -07:20 am +1 013020 Fastest €4.12/kg PVG LAX+JFK 07:20 am +1 6:00 pm 13h 20 €980.00 €4.25/kg PVG+ LAX + JFK 6:00 pm -07:20 am 1 Ⓒ13h 20 6980.00 €4.25/kg PVG LAX JFK 6.00 pm-07:20 am 11 13h 20 Select one... FROM THÁI ĐÓ €4.25/kg Quotations Branch → Barcelona Barcelona PVG LAX + JFK 6:00 pm -07:20 am +1 13h 20 Barcelona Company Quote Register FA Sorry, we found no results filing this criteria. Sorry, we found no results filing this criteria. PVG+ JFK 6:00 pm -07:20 am +1 13.20 Groenest €5:16/kg €780.00 €3.67/kg PVG LAX JFK 6:00 pm -07:20 am +1 13h 20 Show quotations from other users. Code 04819 €1.280.00 €4.25/kg GROUP TO Service Sun 20 DEC UPGRADE (2) PVG LAX JFK 6.00 pm-07:20 am +1 Ⓒ1320 Client/User Select one... $1.004.90 €4.25/kg Loading the best result for you... PVG LAX+ JFK 6:00 pm 07:20 am +1 13h 20 Itinerary 5670.00 €5.40/kg ilc Loading the best result for you.. PVG LAX 6:00 pm 07:20 am +1 13h 20 [email protected] €980.00 €4.25/kg [email protected] 04811 [email protected] JFK Hi, Robert v Aircraft Mon 21 DEC PVG LAX + JFK 6:00 pm -07:20 am +1 6 136 20 PVG LAX+ JFK 6:00 pm-07:20 am +1 13h 20 BRANCH Edit search PVG LAX+ JFK 6:00 pm 07:20 am -1 13h 20 VALID FROM Route Range PVG LAX+ JFK 6:00 pm -07:20 am 1 13h 20 BCN-PVG C670.00 €3.42/kg BCN-JFK PVG LAX JFK 6.00 pm-07:20 am +1 13h 20 FRA-PVG €780.00 €3.67/kg €780.00 €3.67/kg 6980.00 €4.25/kg €90000 €3.95/kg Date 13/05/2019 17/04/2019 17/04/2019 STATUS Maps Tracking Calculator Select one. VALID TO 1 Pieces 2 Weight 900Kgs A 450Kgs A 900Kgs A Incoterm EXW DAP Up to date A A ✔933 799 301 CODE 1 Status Pricing in process Pricing in process Pricing Complete ▼ Shawn Search Actions 19 A: Quote Management Powerful quote and pricing platform Dynamic quoting Enable importers to refresh quotes based on live market rates API-first option Simple integration directly into TMS or online sales portals for instant sales Sample Data 23#24Simplifying complexity with a powerful tech stack Total Data Points 3+ billion Data Points Added Monthly 50 million 1 Powered by Rate Capabilities Rate intake Rate distribution Interlining FREIGHTOS Fastest signup to book 58 seconds Person-years of engineering 500+ 行 Pricing Tech Routing engine Quoting tools eBooking gateway Bookings / Support Interaction 23 Digital Sales Web sales portals Payment handling Saas quoting tools Total Annual Searches ('22E) -10 million Max services considered/ search 2+ million 行 Data Unique transactional data Daily rate benchmarking Capacity availability Shipment Management Business logic Vendor communications Exception detection 24#25And one more thing... Large Data Opportunity Freightos Baltic Index (FBX) | Freightos Air Index (FAX) | Custom Reports FRGHGLOB Index Freightos Index Global 2) Notes FIGI Price Frequency Last Update Update Status Start Date Freightos Baltic Index (FBX) provides 40' container (FEU) indices for ocean freight. FBX index are based on aggregated and anonymized real-time business data from global freight carriers, freight forwarders, and shippers that use the WebCargo by Freightos freight rate management platform. The FBX flagship Details 3) Line Chart (GP) Ticker Quote Type Country View on: FRGHGLOB Index Value UNITED STATES BBG012JCKR32 Weekly on Sunday 04/03/22 Current Source Freightos History End Of Week 1) News Subject to one-week lag 10/09/16 Weekly Close Sunday REFINITIV ΕΙΚΟΝ FREIGHTOS Track Annotate Zoom FREIGHTWAVES SONAR Index Description FRGHGLOB High on 09/12/21 Average Low on 04/04/21 Bloomberg Terminal Index 9416.124 Apr 25 May 30 Jun 27 Jul 25 Aug 29 Sep 26 Oct 31 Nov 28 Dec 26 Jan 30 Feb 27 Mar 27 2021 2022 11000 10000 9000 8000 7000 6000 11108.5576 8652.9502 4442.0361 4000 From Lead Gen to Revenue Price insights driving transparency & efficiency Index-linked dynamic pricing Major brand visibility in top tier publications Futures listed on CME Group View 30,000 20,000 10,000 0 2019 2020 2021 Freightos Baltic Index User Signups Over 50,000 registered users, including many Fortune 500 companies including companies like Amazon, Costo, Nike and others. 25#26ESG: Facilitate elimination of a billion wasted tonnes of carbon emissions every year with visibility and improved utilization 1-2% of global carbon emissions ¹ Under 50% of total cargo capacity used ***** HFREIGHTOS 2.9% of global carbon emissions ² Best value 34-40 days $7,454 Measure it. Reduce it. Quickest 6-9 days $128,111 Top Logistics Provider Ocean | Est.42-66 days (30-60 days port-to-port) Ⓒ 518000, Shenzhen Freight Right **** CNCAN-B USCHI-C (558) Top Logistics Provider Ocean | Est.42-66 days (30-60 days port-to-port) Ⓒ 518000, Shenzhen Q -CNCAN- Freight Right **** (558) -USMKE- Cheapest 34-40 days $7,454 60657, Chicago 60657, Chicago Greenest 42-66 days $8,423 Standard-compliant global freight emissions visibility with GHG emissions calculator for all modes of freight, in accordance with EN-16258.³ Dynamic capacity optimization, proven in passenger travel to increase utilization and reduce empty flights. 1. IATA, 2022, 2. IMO, 2020 3 European Standards $8,423 60 Select Expires: Feb 15, 2022 $8,718 50 Select Expires: Feb 15, 2022 $7,454 16 26#27125000 100000 75000 50000 25000 0 2019-Q1 2019-03 2019-Q2 2019-Q4 Critical mass achieved in 2020 driving explosive growth. Strong growth despite COVID and still accelerating. Inflection point 2020-Q1 2020-02 2020-Q3 2020-Q4 2021-01 2021-Q2 Total bookings 2021-Q3 2022-Q1 2021-Q4 $125,000 $100,000 $75,000 $50,000 $25,000 $0 2019-01 2019-Q2 213% CAGR 2 2019-03 2019-04 2020-Q1 2020-Q2 2020-Q3 2020-04 2021-Q1 Real-time GBV ($k) 2021-Q2 2021-Q3 2021-Q4 2022-Q1 27#28Making global freight dramatically smoother. Airline الفطرية QATAR CARGO القطرية AIRWAYS "WebCargo is already playing a key role in growing our revenue and utilization while reducing cost of sales." Guillaume Halleux Chief Officer Cargo FREIGHTOS Forwarder CHUT KAFF M.C. TRINTER, S.A. INTERNATIONAL TRANSPORT "It used to take three hours to book air cargo. Now, it takes us five minutes." Quim Sangés Air Export/Import Coordinator Enterprise Importer / Exporter PERRY ELLIS "Realized 10% air cargo cost savings and dramatic time reduction on quoting and booking." Daniel Gazitua SVP Logistics Watch video View at http://ship.to/vid-3 SME Importer / Exporter 18:22 E code&quill "Unparalleled visibility into the freight process...I know that I'm getting the best price and the right carrier." Dan Otto VP Operations 28#29Making global freight smoother for the people that move the world. Guillaume Halleux Chief Corgo Officer, Qatar Airways World's largest cargo airline FREIGHTOS View at http://ship.to/vid-3 29#30Bringing sexy back to freight TNW Dominant LogTech brand with top 5 Share of Voice ¹ at 2.5m+ web visitors 1 1 THE WHITE HOUSE WASHINGTON Bloomberg The New York Times 1 Ahref, accessed 1/2022 II "Today, we have new data from Freightos, a leading freight indicator...that shows shipping prices have declined by almost 25 percent over the past two weeks." JJ "But air freight - where bookings before the pandemic often took longer to complete than the actual journey itself - is getting easier and faster to transact, with platforms like Barcelona-based WebCargo, a unit of Freightos, it saw bookings grow more than 1,000% over the past year." JJ "He consulted a website called Freightos - something like Expedia combined with PayPal for companies booking space on container ships." WSJ Forbes TE REUTERS The Economist FT FINANCIAL TIMES 400 300 200 100 0 2020-Q1 2020-Q2 20-Q3 2020-Q4 2021-Q1 BUSINESS LIVE ZVI SCHREIBER CEO and founder of Freightos BBC WORLD NEWS ISKS ||| nh 2021-Q2 021-Q4 2021-Q3 Publication Mentions 2022-Q1 BBC ORACLE BUYS CLOUD PIONEER NETSU#31Building a highly defensible moat with winner-takes-most implications FREIGHTOS DATA TECH PLATFORM NETWORK 31#32Agenda Executive Summary Market Overview Freightos Overview Financials and Predictable Growth Transaction Terms and Comparables FREIGHTOS 32#33Strong GBV growth proven with network effect New buyers/sellers create new permutations and attract more users ($m) FREIGHTOS $600 $400 $200 $0 2020-Q2 2020-Q1 2020-Q4 2020-Q3 2021-Q1 228% CAGR (Despite COVID) 2021-Q2 2021-Q3 2021-Q4 2022-Q1 2022-Q2(E) 2022-Q3(E) 2022-Q4(E) 2023-Q1(E) 2023-Q2(E) 2023-Q4(E) 2023-Q3(E) 33#341 A strong and growing network of international carriers, attracted by a decade of demand aggregation Lufthansa 2018 FREIGHTOS Air France KLM Iberia (IAG) British Airways (IAG) 2019 Top 5 Ocean Liner Condor SAS Cargo AirBridgeCargo TUI Etihad Cargo 2020 Air inflection point Vanguard Logistics ECU Worldwide TAP Turkish Cargo Qatar Cargo FedEx NCA LATAM Cargo Finnair Silkway West 2021 Top 10 Ocean Liner Top 10 Ocean Liner Top 5 Ocean Liner Top 3 LCL consolidator More top airlines coming soon American Airlines Cargo Teleport by airasia Caribbean Airlines Cargo Air Canada Cargo 2022 34#35Airline Bookings Snapshot: Predictable and rapid booking growth Strong cadence of new buyers, sellers → quadratic bookings growth Consistent carrier growth -1 new airline every month 2020-Q2 2020-Q3 2020-Q4 2021-Q1 2021-Q2 2021-Q3 2021-Q4 2022-Q1 X 2020-Q2 Continued user growth ~16/ workday 2020-Q3 2020-04 2021-Q1 2021-Q2 2021-Q3 2021-04 2022-Q1 21 2020-Q2 Multiply to give consistent accelerating booking growth 2020-03 2020-04 2021-01 2021-Q2 2021-03 2021-04 2022-Q1 2022-Q2(E) 2022-Q3(E) 2022-Q4(E)#36100% 80% 60% 40% 20% 0% Airline Bookings Snapshot: Predictable airline eBooking growth with uncommonly high retention Unique airline Buyer (forwarder) retention by monthly cohort as % of 1st month Compared to Uber user retention cohort ¹ FREIGHTOS - 2022-04 - 2022-03 - 2022-02 - 2022-01 -2021-12 -2021-11 - 2021-10 - 2021-09 -2021-08 - 2021-07 - 2021-06 2000% 1500% 1000% 500% 0% #Transactions - cohort of forwarder's 1st booking month as % of 1st month. 20x "same store sales" (same forwarder bookings) by month 22 0 5 10 Months 15 20 Earnest Research - 2020-05 - 2020-06 -2020-07 - 2020-08 - 2020-09 -2020-10 -2020-11 -2020-12 -2021-01 -2021-02 -2021-03 -2021-04 36#37Airline Bookings Snapshot Decisive 3x lead over closest competitors Total capacity of airlines digitalized on WebCargo vs. competitors Q1/2 2022 Onboarding by AFTK % of Airline Capacity (ATKS) Digitized 40.00% 30.00% 20.00% 10.00% 0.00% FREIGHTOS 2018-04 2019-Q1 WebCargo 2019-Q2 2019-Q3 2019-04 Comp 1 2020-Q2 2020-Q1 Comp 2 2020-Q3 Comp 3 2020-Q4 2021-Q1 2021-Q2 1 2021-Q3 2021-Q4 2022-Q2 2022-Q1 Sources: 1. IATA WATS 2021, Internal, Competitor Announcements 37#38Financial Highlights: Prioritizing capital-efficient GBV growth Followed by monetization with long term target take rate of 10% in total from all parties ($m) Gross Booking Value (GBV) % Growth Gross Revenue Platform Revenue % Platform revenue take rate SaaS Revenue Total Revenue % Revenue growth Gross Profit % Gross profit margin R&D S&M G&A EBITDA Free cash flow 2020PF 2021PF 2022PF(E) $69 $ 302 $55 $4.1 $8.8 $12.9 339% $70 $ 6.4 $ 10.2 $16.6 29% $7.2 $10.0 55.8% 60.2% $7.0 $8.1 $5.7 $7.1 $ 4.9 $6.8 $ (10.4) $ (12.0) $ (10.8) $ (12.5) 2020-Q1/22 pro forma including acquisitions closed subsequently $ 669 121% $94 $9.0 1.3% $ 12.1 $ 21.1 27% $13.3 63.0% $ 12.0 $11.5 $9.6 $ (19.8) $ (20.7) 2023E $ 1,651 147% $ 240 $ 26.6 1.6% $ 12.9 $39.5 87% $ 25.1 63.5% $15.4 $19.5 $ 13.3 $ (23.1) $ (24.2) $40 $30 $20 $10 $0 Net Revenue (and gross profit) 2020PF Gross Profit 2021PF ($m) 2022PF(E) Platform Revenue 2023E SaaS Revenue#39Glossary of non-GAAP Terms Platform Volume KPIs #Transactions #Buyer users #Carriers Platform Financial KPIs $Gross Booking Value (GBV) $Gross Revenue $Platform revenue %Take Rate General financial $EBITDA $Free cash flow $SaaS Revenue FREIGHTOS Description Transactional bookings for freight and related services placed by Buyers across Freightos Platforms (WebCargo, Freightos.com, Clearlt) with third party sellers or with Clearit ("Sellers"), minus canceled transactions. Number of unique people (counted by unique login email) at Buyers who have placed booking Transactions. Number of unique carriers who have been the Sellers of Transactions. For airlines we count booking carrier based on airway bill prefix. Number of operating airlines is higher. Includes LCL consolidators as carriers. Description Total value of Transactions, i.e. monetary value of freight and related services contracted between Buyers and Sellers on the Platform, plus related fees charged to Buyers and Seller, and pass through payments such as duties. Converted to US$ at time of transaction. Similar to what others call GMV or GSV. This is the key Freightos Platform KPI, indicating the scale of our Platform and the opportunities we have to generate Platform revenue. Total income invoiced and collected by Freightos companies, including both Net Revenue that is paid to Freightos companies and amounts invoiced on behalf of, and passed through to third-party Sellers. Includes all GBV where the payment is handled by Freightos. In most cases the Gross Revenue is associated with some fees to Freightos which appear under Net Platform Revenue. Note that some marketplaces recognize all gross revenue as Net (GAAP) revenue. Freightos excludes pass-through revenue from Net Revenue, but Freightos management uses the Gross Revenue KPI to compare results to other marketplaces. The portion of GAAP Revenues that is attributed to Platform Transactions Net Platform Revenue divided by GBV; that is the proportion of the gross booking value which is paid as fees to Freightos by Buyers and Sellers in connection with transactions. Some marketplaces also call this Rake. Description Earnings Before Interest, Taxes, Depreciation, and Amortization Cash the company generates after accounting for cash outflows Non-Platform revenue including software-as-a-service (SaaS) subscriptions (mostly from forwarders), data subscriptions, and associated revenue including non-recurring engineering, data services, and configuration. 39#40Agenda Executive Summary Market Overview Freightos Overview Financials and Predictable Growth Transaction Terms and Comparables FREIGHTOS 40#41Why go public? Why with a SPAC? We are using the SPAC structure the way it was intended Capital, currency, transparency Why public markets? Greater access to growth capital, currency for M&A. Welcomed transparency that gives our provider-agnostic strong logistics tech brand broader reach. FREIGHTOS Timing Supply chains issues Why now? Supply chain problems demand more cohesive multi-provider integration. Now is the time to allow public market investors access to Freightos' accelerating expansion. Long term investors Why a SPAC? The SPAC route gives us price transparency, combined with ongoing guidance from investors like M&G, with a 170 year track record of long-term portfolio partnerships w **** Capital markets expertise Why Gesher? The Gesher team brings extensive capital markets expertise to the company. Long lockup period ensures long term alignment. 41#42FREIGHTOS 880 The Gesher View "#43The Gesher Criteria And how Freightos ticked all five boxes ✓ ✓ ✓ ✓ Exceptional management with a proven track record Successfully addressing a large untapped market opportunity with cost-efficient scalability Market leader Business model with strong growth predictability Good reason to go public and market and economic need for scaling business now FREIGHTOS 43#44Growth with Capital Efficiency Gross Bookings Value and Revenue YoY Growth Rate - 2022E-2023E Gross Booking Value Year-over-Year Growth Rate (%): 2022E-2023E Revenue Year-over-Year Growth Rate (%): 2022E-2023E TRANSFIX Global Upwork fiverr. Uber DOORDASH BOOKING HOLDINGS FREIGHTOS 14% 25% 25% 24% 23% 20% 21% 16% 20% 22% 43% 46% 56% 56% 87% Median: 24% Median: 23% 147% DOORDASH Uber BOOKING HOLDINGS Upwork Global 2022E Sales & Marketing as % of GBV fiverr. 1.7% 3.5% 4.9% 5.2% 5.7% Median: 5.5% 8.7% Sources: Company filings, S&P Capital IQ and FactSet Note: Market Data as of 05/27/22 14.5% 44#45Marketplace Benchmarking (21'-22) Q1 2022A Gross Booking Value Per User ($) Upwork Uber DOORDASH fiverr. BOOKING HOLDINGS FREIGHTOS $10,027 $1,186 $227 $124¹ $63 N/A Q1 2022A Gross Booking Value Per Transaction ($) $1,099 N/A $15 $31 N/A $125 Upwork Uber Gross Margin '21PF DOORDASH fiverr. Global Gross Margins ('21 and '22E) Gross Margin '22PF(E) 40% 37% 38% 46% 53% 51% 60% 63% 73% 73% 83% 83% Sources: Company filings, S&P Capital IQ and FactSet Note: Market Data as of 05/27/22 1. Q1 2022A Monthly Active Users ("MAU") not disclosed; calculation assumes Monthly Active Users of 25.0 million as of 12/31/2021 45#46Marketplace Benchmarking (22'-23) Total Enterprise Value to 2022E and 2023E GMV or GBV Multiple (x) 0.65x 0.26x FREIGHTOS 2.40x 1.54x TRANSFIX 1.26x 1.02x 2022E 1.37x 2023E 0.96x fiverr. Global - Median (2023E) 0.78x 0.69x BOOKING HOLDINGS 0.68x 0.57x DOORDASH 0.60x 2023E Median: 0.69x 0.48x Upwork 0.40x 0.33x Uber Sources: Company filings, S&P Capital IQ and FactSet Note: Market Data as of 05/27/22 46#47Transaction Summary Transaction Overview (Assuming all non-Committed trust redeemed) Freightos Pro Forma Total Enterprise Value ("TEV") of approx. $435mm Implied Pro Forma TEV / Gross Booking Value ("GBV") multiple of ~0.65x, -0.26x, for 2022E, 2023E, respectively Minimum Proceeds already secured: $80mm in gross capital commitments, de-risking transaction Lead investor M&G committing $40mm FPA ³ + $10mm non-redemptions + $10mm backstop commitment 4 Qatar Airways strategic PIPE investment of $10mm. Plus another backstop of $10m. Net cash proceeds to accelerate and fund growth. Any non-redeemed capital from additional -$86m in trust will fuel organic growth and potential tuck-in acquisitions Freightos' existing shareholders and management are rolling 100% of their equity 7 Sources and Uses at Close (Assumes All Non-Committed Trust Redeemed) Sources ($mm) (%) ($mm) (%) Equity Rollover 5 Forwarder Purchase Agreements Founder Shares Gesher I Cash-in-Trust ² Qatar Strategic Investment Total $390 78% $40 8% $31 6% $30 6% $10 2% $501 100% Uses Equity Rollover 5 Net Cash to Balance Sheet Founder Shares Transaction Fees & Expenses Total $390 78% $65 13% $31 6% $15 3% Pro forma capital structure 6 $501 100% Public SPAC Shareholders 2 6.0% Gesher I Sponsor Share 5.9% 50.1 Implied Post-Money Equity Value ($mm) Less: New Cash Raised ($mm) 20 $ 10.00 $501 $ (80) 26 $15 Plus: Transaction Fees & Expenses ($mm) Pro Forma Enterprise Value ($mm) Implied Pro Forma TEV / '23E GBV (x) $ 436 0.26x (1) Pro forma share count includes 39.0mm shares from Freightos' existing shareholders and management rollover, 3.0mm GIAC public shares, 4.1mm shares from Forward Purchase Agreement investors, 3.0mm Gesher I Acquisition Corp. Sponsor and UW shares, and 1.0mm Strategic PIPE Investor shares. Excludes the impact of 5.8mm Public Warrants, 5.8mm Private Sponsor Warrants, and 2.6mm Warrants to FPA and backstop providers. (2) $30mm of retained trust capital is committed with $20mm in backstops and $10mm in non-redemption agreements. (3) Under the FPA, M&G will purchase units comprised of 1 share and ½ warrant at $10.00 per unit. M&G will also receive a 100,000 share commitment fee from the SPAC sponsor. (4) Backstop if total gross proceeds are less than $100mm. (5) Excludes approximately -4.9mm in unvested ESOP and earnout shares. (6) $80mm of new committed capital. Committed proceeds match minimum cash proceeds. (7) Not adjusted for any cash balance or debt at closing FREIGHTOS FPA+Committed trust capital ³ 8.2% Qatar Airways PIPE 2.0% Freightos Existing Shareholders 5 77.9% Illustrative Pro Forma Valuation Total Shares Outstanding at Close (mm)¹ Stock Price At Issue ($) 47#48Making global trade frictionless. T HFREIGHTOS#49Zvi Schreiber, CEO Freightos Group Q&A Ezra Gardner, CEO Gesher I Acquisition Corp. T Ran Shalev, CFO Freightos Group HFREIGHTOS Ruthie Amaru, CPO Freightos Group