#1gogoro Q3 2023 Investor Presentation NOV 16, 2023 обоб network™#2Gogoro Q3 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 strategic cooperation and investments 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, pricing strategies, 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 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, gross margin excluding share-based compensation, and exit activities. 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 Q3 2023 - Investor Presentation 3#4DISCLAIMER Non-IFRS Net Loss. Gogoro defines non-IFRS net loss as net (loss) income 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) income 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 Expense. 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. Exit Activities. We have incurred charges including the exit of certain product lines as well as other non-recurring activities. These charges are not representative of ongoing costs to the business and are not expected to recur. As a result, these charges are being excluded to provide investors with a more comparable measure of costs associated with ongoing operations. 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 shares, earn-in shares 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 Q3 2023 - Investor Presentation 4#5GGR gogolo gogoro golo ogoro gogoro 2000 CO O Gogoro Q3 2023 - Investor Presentation gogora gogolo DO NOT DROP NALEDICARE ogoro 000060 5#6Gogoro Q3 2023 - Investor Presentation Smart & Sustainable Electric Fuel 00 00 00 00 00 00 00 00 00 00 00 00 11 00 0 00 00 00 00 00 00 00 00 00 0#7ELECTRIFICATION = NEW OPPORTUNITIES Environmental Business Gogoro Q3 2023-Investor Presentation#8RECENT Product Launch Manufacturing Expansion HIGHLIGHTS MIH SWAP&QU gogolo Japan Mobility Show Gogoro Q3 2023 - Investor Presentation gogolo network Community S Technology MIT Technology Review Recognition Climate Tech Company to Watch 8#9TAIWAN MARKET STATUS UPDATE NETWORK SUBSCRIBERS 570,000+ TOTAL RIDING DISTANCE 9.03 Billion Kilometers RETAIL TOUCHPOINT (BY END OF 2023) Direct & Franchise 96+ Authorized 460+ Repair Quick 150+ Service Third Quarter of 2023 8.6% ePTW vs Total Vehicles Sold (20,815 units) Third Quarter of 2023 Third Quarter of 2023 7.1% PBGN vs Total Vehicles Sold (17,314 units) 6.3% Gogoro vs Total Vehicles Sold (15,302 units) Gogoro Q3 2023-Investor Presentation#10FUTURE PRODUCTS IN DEVELOPMENT High Performance Light Affordable Gogoro ® Q3 2023 - Investor Presentation 10#11NETWORK EXPANSION GOSTATION LOCATIONS 2570+ SMART ENERGY DEPLOYMENT Enel X Virtual Power Plant Smart 1,000+ 655 Parking Meters Smart Traffic Signals Gogoro 03-2023 Investor Presentation 187 11 11 11#12BUILDING COMMUNITY 2023 行台北橋 GOR Gogoro Q3 2023 Investor Presentation C GO gogabnetwork We Are Back! VAMADA 1717 12#13GOGORO X MUJI COLLABORATION MUJI gogob DURA Life Motion. MUJI gogo WORK MUJI Gogoro Q2 2023 Investor Presentation 13#14CROSSOVER Gogoro ® Q3 2023 - Investor Presentation 14#15GOGORO X APPLE Gogoro Q3 2023 - Investor Presentation S 80 O 15#16MIH PROJECT-X WITH GOGORO SMART BATTERIES MIH A Foxconn-initiated Open EV Alliance MIN EN Gogoro Q3 2023 - Investor Presentation одобоб network 0 Revolutionizing the Future of Smart City 16#17MIT Technology Review 2023 Climate Tech Company to Watch gogoro MIT Technology Review ClimateTech MIT Technology Review Recognizes Gogoro as a Top Climate Tech Company to Watch Gogoro Q3 2023 - Investor Presentation 17#18Life in CONCEPT STORE Life in Motion. Motion. gogo 000 998 LET Gogoro Q3 2023 - Investor Presentation gogoro 18#19INTERNATIONAL EXPANSION UPDATE Gogoro Q3 2023 - Investor Presentation 19#20INDIA SOURCED INDIA MANUFACTURED 20 Gogoro Q3 2023 - Investor Presentation#21GOGORO EXPERIENCE CENTER IN MAKATI, PHILIPPINES- RIDE YOUR ST UPE SPO Gogoro Q3 2023 - Investor Presentation EAUTIFUL gogo 21#22Q3 2023 FINANCIAL RESULTS Gogoro Q3 2023 - Investor Presentation 11 11 1 100 1 10 11 2800 22 22#232023 Q3 FINANCIAL RESULTS IFRS Revenue Gross Margin Net Loss $91.8M 18.3% $3.1M Non-IFRS* Revenue (On a constant currency basis) Non-IFRS Gross Margin Adjusted EBITDA $95.6M 19.2% $13.1M 10.2% YOY ↑ 0.9% YoY ↓ $59.5M YOY 6.5% YOY ↓0.8% YOY ↑ $3.9M 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 Q3 2023 - Investor Presentation 23#242023 GUIDANCE Gogoro Q3 2023-Investor Presentation 2023 REVENUE $340M - $370M - GUIDANCE 24#25gogoro netwo gogolok gog 11 11 Q&A 11 11 DO 00 DO D 10 00 DO 110 00 00:00 gogob 11 10 DO DOO 10 00 100 10 10 11 10 000 Gogoro Q3 2023 - Investor Presentation 25#26LET'S GO Gogoro Q3 2023 - Investor Presentation 26#27Appendix Gogoro ® Q3 2023 - Investor Presentation 27 27#28Reconciliation of IFRS Financial Metrics to Non-IFRS Reconciliation of Constant Currency Operating revenues: Sales of hardware and others Battery swapping service Total Three Months Ended September 30, 2023 2022 IFRS Revenue FX Effect Revenue excluding FX effect IFRS revenue IFRS revenue YoY change % 58,147 33,603 2,709 1,102 60,856 34,705 71,754 30,428 (19.0)% 10.4% Revenue excluding FX effect YoY change % (15.2)% 14.1% 91,750 3,811 $ 95,561 $ 102,182 (10.2%) (6.5%) Reconciliation of Constant Currency Nine Months Ended September 30, 2023 2022 IFRS Revenue FX Effect Operating revenues: Revenue excluding FX effect IFRS revenue IFRS revenue YoY change % Sales of hardware and others Battery swapping service 159,111 99,205 9,041 168,152 197,131 5,261 104,466 90,229 (19.3) % 9.9% Total $ 258,316 $ 14,302 $ 272,618 287,360 (10.1%) Gogoro ® Q3 2023 - Investor Presentation Revenue excluding FX effect YoY change % (14.7)% 15.8% (5.1%) 28#29Reconciliation of IFRS Financial Metrics to Non-IFRS Reconciliation of Gross Profit and Gross Margin to Non-IFRS Gross Profit and Gross Margin Gross profit and gross margin Share-based compensation Exit activities Non-IFRS gross profit and gross margin Three Months Ended September 30, 2023 2022 Nine Months Ended September 30, 2023 2022 16,783 18.3% 801 17,809 17.4% 40,344 15.6% $ 1,003 2,066 43,383 15.1% 2,921 17,584 19.2% 1,661 $20,473 20.0% 1,661 42,410 16.4% $ 47,965 16.7% Reconciliation of Net (Loss) Income to Non-IFRS Net Loss Three Months Ended September 30, 2023 2022 Net (loss) income (3,088) $ 56,393 Share based compensation 9,027 11,353 Change in fair value of financial liabilities (19,142) (85,755) Acquisition-related expenses Listing expense Exit activities Non-IFRS net loss Gogoro ® Q3 2023 - Investor Presentation $ ($13,203) $ Nine Months Ended September 30, 2023 (49,332) $ 22,325 2022 (86,376) 26,734 (16,232) (189,560) 20,855 178,804 1,661 1,661 (16,348) (43,239) $ (47,882) 29#30Reconciliation of IFRS Financial Metrics to Non-IFRS Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Net (loss) income (3,088) 56,393 $ Interest expense, net 2,533 1,651 (49,332) 6,594 (86,376) 6,940 Depreciation and amortization 23,814 23,895 73,293 72,976 EBITDA 23,259 81,939 30,555 (6,460) Share-based compensation 9,027 11,353 22,325 26,734 Change in fair value of financial liabilities (19,142) (85,755) (16,232) (189,560) Acquisition-related expenses 20,855 Listing expense 178,804 Exit activities 1,661 1,661 Adjusted EBITDA 13,144 $ 9,198 $ 36,648 $ 32,034 Gogoro ® Q3 2023 - Investor Presentation 30