#1gogoro Q2 2023 Investor Presentation AUG 10, 2023 о обоб network™ ч#2Gogoro® Q2 2023 - Investor Presentation Horace Luke Founder, CEO and Chairman Bruce Aitken Chief Financial Officer 2#3DISCLAIMER Forward-Looking Statements: This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Gogoro's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Gogoro's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this communication include, but are not limited to, statements in the section entitled, "Updated 2023 Guidance," such as estimates regarding revenue and Gogoro's revenue generated from the Taiwan market, and statements by Gogoro's founder. chairman, and chief executive officer and Gogoro's chief financial officer, such as projections of market opportunity and market share, the timing of Gogoro's launch in India and the Philippines, the capability of Gogoro's technology, and Gogoro's business plans including its plans to grow and expand in Taiwan and internationally, expectation regarding the expansion of product portfolio and expectation regarding continuous investment in research and development, network infrastructure and its international production capacity. Gogoro's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the impact of the COVID-19 pandemic, risks related to macroeconomic factors including inflation and consumer confidence, risks related to the Taiwan scooter market, risks related to political tensions, Gogoro's ability to effectively manage its growth, Gogoro's ability to launch and ramp up the production of its products and control its manufacturing costs and manage its supply chain issues, Gogoro's risks related to ability to expand its sales and marketing abilities, Gogoro's ability to expand effectively into new markets, foreign exchange fluctuations, Gogoro's ability to develop and maintain relationships with its partners, risks related to operating in the PRC, regulatory risks and Gogoro's risks related to strategic collaborations, risks related to the Taiwan market, China market, India market, and other international markets, alliances or joint ventures including Gogoro's ability to enter into and execute its plans related to strategic collaborations, alliances or joint ventures in order for such strategic collaborations, alliances or joint ventures to be successful and generate revenue, the ability of Gogoro to be successful in the B2B market, risks related to Gogoro's ability to achieve operational efficiencies, Gogoro's ability to raise additional capital, the risks related to the need for Gogoro to invest more capital in strategic collaborations, alliances or joint ventures, risks relating to the impact of foreign exchange and the risk of Gogoro having to update the accounting treatment for its joint ventures. The forward looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in Gogoro's filings with the Securities and Exchange Commission ("SEC"), including in Gogoro's Form 20-F for the year ended December 31, 2022, which was filed on March 31, 2023 and in its subsequent filings with the SEC, copies of which are available on our website and on the SEC's website at www.sec.gov. The forward-looking statements in this communication are based on information available to Gogoro as of the date hereof, and Gogoro disclaims any obligation to update any forward- looking statements, except as required by law. Use of Non-IFRS Financial Measures This presentation and accompanying tables contain certain non-International Financial Reporting Standards (collectively, "IFRS") financial measures as issued by the International Accounting Standards Board including foreign exchange effect on operating revenues, non-IFRS gross profit, non-IFRS gross margin, Non-IFRS Net Loss, EBITDA and Adjusted EBITDA. Foreign exchange ("FX") effect on operating revenues. We compare the dollar amount and the percent change in the operating revenues from the period to the same period last year using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying revenues performed excluding the effect of foreign currency rate fluctuations. To present this information, current period operating revenues for entities reporting in currencies other than USD are converted into USD at the average exchange rates from the equivalent periods last year. Non-IFRS Gross Profit and Gross Margin. Gogoro defines non-IFRS gross profit and gross margin as gross profit and gross margin excluding share-based compensation. Share-based Compensation Share-based compensation consists of non-cash charges related to the fair value of restricted stock units awarded to employees. We believe that the exclusion of these non-cash charges provides for more accurate comparisons of our operating results to our peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, we believe it is useful to investors to understand the specific impact of share-based compensation on our operating results. Gogoro® Q2 2023 - Investor Presentation 3#4DISCLAIMER Non-IFRS Net Loss. Gogoro defines non-IFRS net loss as net loss excluding share-based compensation, the change in fair value of financial liabilities including revaluation of redeemable preferred shares, change in fair value of earnout, earn-in and warrants associated with the merger of Poema, listing expenses and one-time non-recurring costs associated with the merger. These amounts do not reflect the impact of any related tax effects. EBITDA. Gogoro defines EBITDA as net loss excluding interest expense, net, provision for income tax, depreciation, and amortization. These amounts do not reflect the impact of any related tax effects. Adjusted EBITDA. Gogoro defines Adjusted EBITDA, as EBITDA excluding share-based compensation, the change in fair value of financial liabilities including revaluation of redeemable preferred shares, change in fair value of earnout, earn-in and warrants associated with the merger of Poema, and one-time non-recurring costs associated with the merger. These amounts do not reflect the impact of any related tax effects. Acquisition-related Expenses. Gogoro incurs acquisition-related and other expenses which consist of costs incurred after the issuance of a definitive term sheet for a particular transaction and include legal, banker, accounting, printer costs, valuation and other advisory fees. Management excludes these items for the purposes of calculating non-IFRS adjusted EBITDA. Gogoro generally would not have otherwise incurred such expenses in the periods presented as part of its continuing operations. The acquisition-related expenses are not recurring with respect to past transactions, can be inconsistent in amount and frequency from period to period and are significantly impacted by the timing and magnitude of Gogoro's acquisitions. While these expenses are not recurring with respect to past transactions, Gogoro generally will incur these expenses in connection with any future acquisitions. Listing Expenses. In connection with the merger with Poema, the excess fair value of shares issued by Gogoro in exchange for the net assets of Poema was recorded as listing expense in operating expense. The listing expense for the merger is not recurring with respect to past transactions, can be inconsistent in amount and frequency from period to period and is significantly impacted by the timing and magnitude of the merger. These non-IFRS financial measures exclude share-based compensation, interest expense, income tax, depreciation and amortization, change in fair value of financial liabilities including revaluation of redeemable preferred shares, change in fair value of earnout, earn-in and warrants associated with the merger of Poema, listing expense and one-time non-recurring costs associated with the merger. The Company uses these non-IFRS financial measures internally in analyzing its financial results and believes that these non-IFRS financial measures are useful to investors as an additional tool to evaluate ongoing operating results and trends. In addition, these measures are the primary indicators management uses as a basis for its planning and forecasting for future periods. Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS financial measures. Non-IFRS financial measures are subject to limitations and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with IFRS. Non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. A description of these non-IFRS financial measures has been provided above and a reconciliation of the Company's non-IFRS financial measures to their most directly comparable IFRS measures have been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Gogoro® Q2 2023 - Investor Presentation 4#5GGR Gogoro® Q2 2023 - Investor Presentation goto igora DOC gogoro gogoro gogoro gogoro gogoro DO NOT DROP gogoro C 8,8886 5#6CPAC C-2329 900 C Large two-wheel install base transitioning to electric. Gogoro ® Q2 2023 - Investor Presentation#7Gogoro's products and services lead the EV transition. Ca Gogoro Q2 2023-Investor Presentation#8TAIWAN MARKET STATUS UPDATE 1-Gogoro Q2 2023-Investor Presentation. 1. NO FEREI 2#9FUTURE PRODUCTS IN DEVELOPMENT High Performance Gogoro® Q2 2023 - Investor Presentation P Versatile Rugged CLE Light Affordable 9#10MAHARASHTRA ULTRA MEGA PROJECT CAUTION CYCLUSION 004 OOTTY Vehicles Gogoro® Q2 2023 - Investor Presentation gogoro network gogoro network Batteries gugurk 2 D DODOO DOOOO DOOOO DIDIO DOODO DO0OO0O GoStation 10#11INDIA PILOT STATUS UPDATE Distance Accumulated >430,000 KM Total Battery Swaps >8,500 SWAPS CO₂ Saved >33,000 KG Gogoro® Q2 2023 - Investor Presentation T0423HR3354 48 gogoro Go OZYPP 62 gogoro zepto SWAP & GO 0423HR3358 olo O ZYPP YO42 SHRESADAR OZYP 0423HR3353 gogoro OZYPP 11#12OUR ESG MISSION 000 GN 076 40% Energy in Factories Gogoro Q2 2023 - Investor Presentation 100% FULLY RECYCLABLE POLYPROPYLENE 100% 0% Recyclable Polypropylene 680M Emissions Saved Kg of 12#13GOGORO X MUJI COLLABORATION Gogoro Q2 2023 - Investor Presentation ****** gogorox MUJI 無印良品 Life in Motion. MUJI BRA 13#14GOVERNMENTS COMMITMENT ON SUSTAINABILITY POLICE FLEET DEPLOYMENT IN TAIWAN Gogoro ® Q2 2023 - Investor Presentation 局察警府政市南臺 車週述 SOCIE mint India targets 100% transition to electric two-wheelers in 5-7 years: Tarun Kapoor 06 Jun 2023, 09:15 PM IST THE TIMES OF INDIA All new rental cabs, motorcycles to be electrified in Goa from January 2024 20 Jul 2023, 11:58 AM IST 14#15TAIWAN MARKET STATUS UPDATE NETWORK SUBSCRIBERS 552,000+ RETAIL TOUCHPOINT (AS OF Q2 2023) 91 Direct & Franchise Authorized 470+ Repair Service 79 Gogoro Q2 2023 - Investor Presentation TOTAL RIDING DISTANCE 8.25 Billion Kilometers 10.8% 8.8% 7.6% ePTW vs Total Vehicles Sold Second Quarter of 2023 PBGN vs Total Vehicles Sold Second Quarter of 2023 Gogoro vs Total Vehicles Sold Second Quarter of 2023 15#16OTHER OVERSEAS PILOT MILESTONES PHILIPPINES Go PHILIPPINES gogoto gogoro Gogoro Q2 2023 - Investor Presentation Swapp Pilot Globe SINGAPORE DOC 00 DOC DOC 0004 KOREA 0 100 ELECTRI IN SECONDS 00000 00 T 16#17SMART BATTERY FOR URBAN SUSTAINABILITY enel x Virtual Power Plant Gogoro Q2 2023 - Investor Presentation Smart Parking Meter Smart Traffic Lights 17-#18BY THE END OF 2023 2,500 1,000 GOSTATION LOCATIONS SWAP STATION CABINETS Gogoro Q2 2023 - Investor Presentation > mppug¶BAANBINDBERKUA enel x gogolo network 11 11 11 00 11 11 00 01 11 11 11 JU 11 11 11 00 00 00 00 00#19Q2 2023 FINANCIAL RESULTS Gogoro Q2 2023 - Investor Presentation J 3000 DO 0000 00 00 19#20Q2 2023 FINANCIAL RESULTS Revenue $87.2M 3.8% YOY IFRS Gross Margin % 15.2% ↑ 1.2% YOY Net Loss $5.6M ✓ $115.5M YOY Revenue (On a constant currency basis) $90.9M ↑ 0.2% YOY Non-IFRS* Non-IFRS Gross Margin % 16.0% ↑ 0.5% YOY Adjusted EBITDA $12.9M ↑ $3.6M YOY *Please see a description of these non-IFRS financial measures on slide 3 & 4 of this presentation and a reconciliation of the Company's non-IFRS financial measures to their most directly comparable IFRS measures in the financial statement tables included in the Appendix to this presentation Gogoro ® Q2 2023 - Investor Presentation 20#21UPDATED 2023 GUIDANCE Gogoro Q2 2023 - Investor Presentation 2023 REVENUE $340M - $370M GUIDANCE 21#221 11 00 Q&A e Gogoro Q2 2023 - Investor Presentation gogoro.netw HANDY gogolo 00005 0000 DO 0000 0000 gogo Jeet 2006 00000 30000 eeeee#23LET'S GO Gogoro® Q2 2023 - Investor Presentation 23#24Appendix Gogoro® Q2 2023 - Investor Presentation 24#25RECONCILIATION OF IFRS FINANCIAL METRICS TO NON-IFRS Reconciliation of Constant Currency Operating revenues: Sales of hardware and others Battery swapping service Total Reconciliation of Constant Currency Operating revenues: Sales of hardware and others Battery swapping service Total Gogoro ® Q2 2023 - Investor Presentation IFRS Revenue $ IFRS Revenue $ 53,908 33,339 87,247 $ 100,964 65,602 166,566 Three Months Ended June 30, $ $ 2023 $ FX Effect 2,300 1,399 3,699 $ Six Months Ended June 30, 2023 Revenue excluding FX effect FX Effect $ 6,332 4,159 10,491 $ Revenue excluding FX effect 56,208 34,738 90,946 $ IFRS revenue $ 2022 107,296 $ 69,761 177,057 60,303 30,420 90,723 2022 IFRS revenue 125,377 59,801 185,178 IFRS revenue YoY change % (10.6) % 9.6% (3.8) % IFRS revenue YoY change % (19.5) % 9.7% (10.1) % Revenue excluding FX effect YoY change % (6.8) % 14.2% 0.2% Revenue excluding FX effect YoY change % (14.4)% 16.7% (4.4)% 25#26RECONCILIATION OF IFRS FINANCIAL METRICS TO NON-IFRS Reconciliation of Gross Profit and Gross Margin to Non-IFRS Gross Profit and Gross Margin Three Months Ended June 30, 2023 13,300 15.2% 655 13,955 16.0% $ Gross profit and gross margin Share-based compensation expense Non-IFRS gross profit and gross margin $ Reconciliation of Net Loss to Non-IFRS Net Loss Net loss Share based compensation Change in fair value of financial liabilities Acquisition-related expenses expense Non-IFRS net loss Gogoro® Q2 2023 - Investor Presentation $ Three Months Ended June 30, 2023 2022 (5,624) 7,132 (15,603) 2022 12,676 14.0% $ 1,389 14,065 15.5% (14,095) $ (121,052) 11,019 (104,092) 18,540 178,804 (16,781) $ Six Months Ended June 30, 2022 2023 23,561 14.1% $ 1,265 25,574 13.8% 1,918 27,492 14.8% 24,826 14.9% $ Six Months Ended June 30, 2023 (46,244) 13,298 2,910 (30,036) $ 2022 (142,769) 15,381 (103,805) 20,855 178,804 (31,534) 26#27RECONCILIATION OF IFRS FINANCIAL METRICS TO NON-IFRS Reconciliation of Net Loss to EBITDA and Adjusted EBITDA Net loss Interest expense, net Depreciation and amortization EBITDA Share-based compensation expense Change in fair value of financial liabilities Acquisition-related expenses Listing expense Adjusted EBITDA Gogoro® Q2 2023 - Investor Presentation Three Months Ended June 30, 2023 2022 (5,624) 2,164 24,804 21,344 7,132 (15,603) 12,873 $ (121,052) 2,439 23,660 (94,953) 11,019 (104,092) 18,540 178,804 9,318 $ Six Months Ended June 30, 2023 2022 (46,244) 4,061 49,479 7,296 13,298 2,910 23,504 (142,769) 5,289 49,081 (88,399) 15,381 (103,805) 20,855 178,804 22,836 27