#1Grab Investor Day 2022 SEPTEMBER 2022#2Agenda Welcome Opening Remarks Strategy Update Tech and Product Mobility and Deliveries Break Grab Financial Group Sustainability Financial Roadmap Q&A Session Douglas Eu Head, Asia Investor Relations Anthony Tan Chief Executive Officer, Co-founder Alex Hungate Chief Operating Officer Hooi Ling Tan Co-founder Suthen Thomas Paradatheth Group Chief Technology Officer Sean Goh Head of Mobility and Deliveries Alex Hungate Chief Operating Officer Cheryl Goh Head of Sustainability and Marketing Peter Oey Chief Financial Officer#3Cautionary Statement FORWARD-LOOKING STATEMENTS. This presentation and the related webcast (together, this "Presentation") contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this Presentation, including but not limited to, statements about Grab's goals, targets, projections, outlooks, roadmaps, estimations, steady-state information, beliefs and expectations, business strategy and plans, objectives of management for future operations of Grab, market sizes, and growth opportunities, are forward-looking statements. Similarly, ESG roadmaps are dependent on future factors, such as continued technological progress and policy support, and also represent forward-looking statements. Some of the forward-looking statements can be identified by the use of forward-looking words, including "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast," "annualized," "illustrative" or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Grab's ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic conditions, in particular as a result of COVID-19 and currency exchange fluctuations; expected growth of markets in which Grab operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described in the "Risk Factors" section of Grab's registration statement on Form F-1 and the prospectus therein, and other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the "SEC"). Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law. "Grab" refers to, unless the context otherwise requires, Grab Holdings Limited and its subsidiaries and consolidated affiliated entities. NON-IFRS FINANCIAL MEASURES. This Presentation includes references to non-IFRS financial measures, which include: Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin and financial information on a constant currency basis. However, the presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as an alternative to, financial measures determined in accordance with IFRS. In addition, these non-IFRS financial measures may differ from non-IFRS financial measures with comparable names used by other companies. Grab uses these non-IFRS financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Grab's management believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of its recurring core business operating results. For example, Grab's management uses: Total Segment Adjusted EBITDA as a useful indicator of the economics of Grab's business segments, as it does not include regional corporate costs. There are a number of limitations related to the use of non-IFRS financial measures. In light of these limitations, Grab provides specific information regarding the IFRS amounts excluded from these non-IFRS financial measures and evaluate these non-IFRS financial measures together with their relevant financial measures in accordance with IFRS. With regard to forward-looking non-IFRS guidance and targets provided in this Presentation, Grab is unable to provide a reconciliation of these forward-looking non-IFRS measures to the most directly comparable IFRS measures without unreasonable efforts because the information needed to reconcile these measures is dependent on future events, many of which Grab is unable to control or predict. See the Supplemental Information from page 105 to 107 of this Presentation for additional important information regarding the non-IFRS financial measures, including their definitions and a reconciliation of these measures to the most directly comparable IFRS financial measures. SUPPLEMENTAL INFORMATION. See the Supplemental Information from page 105 to 107 of this Presentation for additional important information regarding unaudited financial information, industry and market data, definitions of operating metrics, trademarks and tradenames, and rounded numbers contained in this Presentation. 3#4Grab Investor Day 2022 Opening Remarks Anthony Tan CEO & Co-founder#5Southeast Asia's leading superapp 2012 1 Country 1 City 2022 8 Countries 480+ Cities LO 5#6A thriving marketplace that grows alongside our partners Grab US$8.9B earned by our partners in 2021 Grab > 680,000 small merchant-partners joined Grab in 2021 6#7A household name synonymous with local ways of life 1 in 20 people in SEA eat, ride, or pay with Grab monthly 7#8A technology platform that solves problems at an unmatched scale in SEA 2021 rides without incidents 99.99% 2012 2017 2022 A decade of rides & deliveries > 10B Srengseng T Er gl.com AHYTT ETH N Hard LIPDY Ulujami Sukabumi Utara Sk Sukabum Selatan Jakarta, Indonesia 2019 2020 JePalmerah Grogol Utara m TESTO OTTEEN SCHI Cipulir gol Selatan kebayoran Tama Utara Hebayerah Lama Selatan Gunung GEE Games C Karet Tengs TIESU ames 2 Selong AJ Kebon Mela Melawai 12 Muzeump and Points of interest mapped by us > 33M 8#9A resilient business with a clear path to profitability Total Group Revenue (In US$ millions) 122 Q4 2021 +162% Q1 2022 321 Q2 2022 Total Incentives (1) as a proportion of GMV (3) -260bps 13% Q4 2021 Q1 2022 10% Q2 2022 Adjusted EBITDA (2)% as a proportion of GMV (3) Q4 2021 Q1 2022 Q2 2022 (7)% +220bps (5)% Note: 1. Total incentives include consumer and partner incentives. Consumer incentives is an operating metric representing the dollar value of discounts and promotions offered to consumers. Partner incentives is an operating metric representing the dollar value of incentives granted to driver-and merchant-partners. The incentives granted to driver-and merchant-partners include base incentives and excess incentives, with base incentives being the amount of incentives paid to driver-and merchant-partners up to the number of commissions and fees earned by Grab from those driver-and merchant-partners, and excess incentives being the amount of payments made to driver-and merchant-partners that exceed the amount of commissions and fees earned by Grab from those driver-and merchant-partners. 2. Adjusted EBITDA is is a non-IFRS financial measure calculated as net loss adjusted to exclude: (i) net interest income (expenses), (ii) other income (expenses), (iii) income tax expenses, (iv) depreciation and amortization, (v) stock-based compensation expenses, (vi) costs related to mergers and acquisitions, (vii) unrealized foreign exchange gain (loss), (viii) impairment losses on goodwill and non-financial assets, (ix) fair value changes on investments, (x) restructuring costs, (xi) legal, tax and regulatory settlement provisions and (xii) share listing and associated expenses. For a reconciliation to the most directly comparable IFRS measure, see "Supplemental Information." 3.GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement. 9#10We have continued conviction in Southeast Asia's growth potential SEA China USA Online food delivery providing convenience 17% 23% 28% % 2021 Online Penetration (1) SEA China USA On-demand mobility addressing the infrastructure gap 3% 5% 11% % 2021 Online Penetration (2) Source: Euromonitor (2021) Notes: Southeast Asia statistics on this page refer to Indonesia, Singapore, Malaysia, Vietnam, Philippines and Thailand. 1. Based on % of consumer food service that is ordered online (including online ordering for dine-in and takeaway). 2. Based on % of total consumer expenditure on ride-hailing out of expenditure on buses, coaches and taxis, and operation of personal transport equipment 10#11Our competitive moat: The power of our superapp ecosystem Enterprise & Initiatives Mobility Grab Superapp Ecosystem Financial Services Deliveries 11#12Power of the ecosystem: Value-added services to fuel the growth of our merchant-partners عالى UNION اتے الی 201 Gerai Nenek Chek #02-136 Nasi Rawon. Nasi Jenganan Nasi Sambal Goreng. Nasi Ambeng. Lontong FOLLOW US Since 1963 FACEBOOK Gerai Nenek Obek / Singapore Traditional Malay Food Stall / Joined GrabFood in 2021 41 BABAS EN 1941 & 75-82 PASAR BESAR TAMAN TUN TEL 012.676.3264/012-2 Ulam Melayu / Kuala Lumpur, Malaysia Fresh Produce Stall / Joined GrabMart in 2019 FER MAE 0. Touch eWallet 12#13)) PSO GOO kinerIEL Grab Driving towards becoming Southeast Asia's largest and most efficient on-demand platform that enables local commerce and mobility 13#14Grab Investor Day 2022 Strategy Update Alex Hungate Chief Operating Officer#15Driving towards becoming Southeast Asia's largest and most efficient on-demand platform that enables local commerce and mobility Grab Grab Food HE ESP -> 15#16Our key focus areas AT Grab Grab Solidify our category leadership through consumer and partner love Ensure that we are Southeast Asia's most efficient on-demand platform Build financial services capabilities to serve our ecosystem 16#17The power of the ecosystem MTUS (1) using multiple Grab offerings (% of total Group MTUs (¹)) 12% Initial impact from COVID-19 ↓ 48% Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Omicron impact in Q1 2022, but continued to pick up as social restrictions eased Q3 2021 59% Q4 2021 57% Q1 2022 62% Q2 2022 17 Note: 1. MTUs means monthly transacting users, which is defined as the monthly number of unique users who transact via Grab's products, where transact means to have successfully paid for any of Grab's products. MTUs over a quarterly or annual period are calculated based on the average of the MTUs for each month in the relevant period. Q1 and Q2 2022 MTU data is inclusive of OVO MTUS.#18Increasing spend per user In US$ per MTU (1) per annum (GMV per user, net of consumer incentives) 348 2019 428 2020 533 2021 +66% improvement 579 H1 2022 (Annualized) Note: H1 2022 "annualized" assumes same rate of growth in H2 2022 as in H1 2022 1. MTUS means monthly transacting users, which is defined as the monthly number of unique users who transact via Grab's products, where transact means to have successfully paid for any of Grab's products. MTUs over a quarterly or annual period are calculated based on the average of the MTUs for each month in the relevant period. Data is inclusive of OVO. 18#19Improving driver-partner productivity Superapp strategy also drives cross-vertical penetration for driver-partners 69% Two-wheel driver-partners(¹) who do both Mobility and Food (Q2 2022) Note: 1. Based on Indonesia, Vietnam and Thailand driver base 1 2 Multiple initiatives in place to improve platform efficiency and driver-partner satisfaction Improving driver-partner productivity • Unique Geo capabilities • Batching ● Just-in-time allocations Deepening driver-partner loyalty Increasing earnings ● Access to financial services • Upskilling opportunities 19#20Enhancing driver-partner loyalty +11% Trips per transit hour from Q4 2021 to August 2022 +31% YoY increase in average driver-partner earnings per online hour in Q2 2022 >85% Quarterly driver-partner retention rates from Q1 2021 to Q2 2022 20#21Helping merchant-partners to grow Growing income Access to Grab's large network of driver-partners and users 9:41 ← Insights Sales overview Last updated 02:00PM S$ 12,000.00 Gross sales in the past 7 days 23% higher than your weekly average GrabFood 5$ 22,000.00 2k 1k daily avg. 0 29 30 31 GrabPay 5$ 10,000.50 01 02 Customer insights Last updated on Feb14 at 2:00PM 2000+13% Customers in past 7 days all 03 04 > Financial services Access to financial services such as payments & lending services 9:41 Quick Cash Get cash to run and grow your business 1 day after loan approval. It's quick and fuss-free. You can apply for up to $100,000 Minimum loan amount: $10,000 all ? Apply Now This offer is based on your Grab earnings. At a glance Quick ent You will receive the money in your bank account the next day. Get cash to run and grow your business 1 day after loan approval. It's quick and fuss-free. Choose your preferred daily repayment amount and loan tenure Advertising Performance advertising for deliveries 9:41 ← Marketing Overview Under review Ⓒ Diamond marketing package [title of campaign in Zeus] Ongoing Banner Ad: [title of campaign in Zeus] total orders: 5 15% off on Milo Ice [title of campaign in Zeus] total orders: 5 Upcoming Your campaigns Free Delivery on orders above $14 [title of campaign in Zeus] total orders: 5 Banner Ad: [title of campaign in Zeus] Ends in 5 days. starts in 2 days 21#22Strategic initiatives to drive growth Growing GrabUnlimited subscriptions Empowering companies through GrabForBusiness Executing on our Groceries strategy Leveraging Partnerships to drive ecosystem growth Capturing the Advertising opportunity Building Financial Services that support the ecosystem 22#23GrabUnlimited enjoys strong adoption Expanded GrabUnlimited subscription program to five of our core markets (1) Strong adoption with GrabUnlimited driving 19% of Deliveries GMV(2) in Q2 2022 Average GMV for subscribers is 2.4x higher vs. non-subscribers for Food Deliveries (3) Average transactions for subscribers are 2x higher vs. non-subscribers for Food Deliveries (² (4) Note: 1. Indonesia, Malaysia, Thailand, Singapore, and Philippines (Metro Manila only). 2. GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement 3. Average GMV by GU-subscribers on Food compared to non-GU users in the same period (Jun'22, excluding the Philippines) 4. Average transactions by GU-subscribers on Food compared to non-GU users in the same period (Jun'22, excluding the Philippines) Balance SGD51 $7.99 per month G Use Points 67,165 Unlock the best of Grab with Grab Unlimited PAR oo 23#24GrabForBusiness channel is highly effective GrabFor Business B P Dashboard 8 Transport/Express Food/Mart Employees Groups Policies Payments tif Settings. Company Profile Van Transport/Express Company bookings Bookings > > > > Transport 3 Express > > O&T 08:00:54 AM GESAM 40002021 5 Dec 201 D2021. 3D2001 2021 Employee Tyrone Who Jpeg Ro Mga H 01/12/21-21/12/201 Servic 15M Mi Graca Astrob and Car Tar 300 30.00 300 1990 50032100 000 100.00 300 45.00 SGD 22.00 800 8800 SGD 12.00 SGD 44.00 MacBook Pro Faters Payment Method Co Opowe Ce Cush Person V Company Dem PO Persen Grace N Group Genem 9:41 X Tag this Trip Personal Moment Designs Regional Team Trip code (Optional) Trip code (Optional) Enterprise Design Team I confirm that this ride is compliant to my company's travel policy Confirm Empowering companies with seamless control, policy setting, management, and reporting of all business usage of Grab services increase in user spend in 2.3x Mobility after personal users became GFB 2.1x increase in user spend in Food Deliveries after personal users became GFB users(1) Note: 1. Indexed data view for 1H2022 only. Includes business and personal spend after an individual user comes on-board for GrabForBusiness. User spend refers to GMV, and GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement. 24#25Our groceries strategy Supermarket Grocery deliveries (e.g. fresh produce, dairy products) Providing a best-in-class consumer experience through the gray store model in Malaysia (Jaya Grocer) and new partnerships in other markets such as Trans Retail in Indonesia Low customer acquisition cost and drives repeat purchases 30 Pharmacy Mart Sleep Well 44 T KERO WENIGER 100 CARRAWSSA 00 200 DHA 01 21 SPORT 24 High urgency item deliveries (e.g. health and beauty) F UINA 713 tit Strong customer value proposition matching our unique strengths Third-party, marketplace model across all countries with wide merchant selection 25#26Partnerships to digitally enable top brands Coca-Cola x Grab Coca-Cola Grab ORIGINAL TASTE Coca-Cola ca-Col ZERO SUGAR NEW NO CALORI Partnership combines Coca-Cola's extensive offline presence with Grab's large online network to unlock new growth opportunities Starbucks x Grab Grab's first regional agreement covering six markets in Southeast Asia and collaborations across multiple Grab services 26#27Capturing the advertising opportunity Future: Bring all merchant marketing levers into a unified self-service platform 2018 - 2019 Offline fleet advertising 2020 Digital advertising Search and video ads Packaged solutions combining ads and other marketing levers Long-tail merchant self-service platform 2021 2022 and beyond Create an Ad Select ad type To start promoting your business, choose from one of the ad options below. **** Food search ad Customers will see your ad at the top of search results. Food banner ad Customers will see your ad at the top of GrabFood's homepage. 5900 5540 5530 S$10 $50 02 Mar 2020-06 Mar 2020 Food Search Ad 01 Dec 02 Dec 03 Dec 04 Dec 05 Dec Dec Spend Sales Edit audience and duration Active keywords (4) Keyword 12 4 Dec Spend $$10.00 Sales S$46.00 Orders 3 Keyword performance Find out which keywords attract more customers to your business. 7 Dec Keyword Spend (SGD) x0.00 Sales (SGD) x0.00 Orders 10 You are earning 1.5x of what you are spending Nice work! 27#28Coordinated to drive the power of the ecosystem Digibank (1) Leverages Grab ecosystem with capacity to serve stakeholders outside of Grab GrabFin Growing focus on on-platform and ecosystem transactions Products: GrabPay Wallet, Merchant and Driver Lending, PayLater, Scenario Insurance Products (2): Current Accounts, Savings Account, Lending, Other banking products Grab Note: 1. Digital Bank in Singapore launched (September 2022, on a restricted basis) through our Digital Banking JV and has yet to be fully operational, and our Digital Banking JV and a consortium of partners were selected to receive a full digital banking license in Malaysia, subject to meeting all of Bank Negara Malaysia's regulatory conditions. 2. Only deposits product for GXS Singapore has been announced#29Driving profitable growth Enterprise & Initiatives Mobility Grab Superapp Ecosystem Financial Services Deliveries . GrabUnlimited GrabForBusiness • Groceries ● Partnerships ● Advertising ● Financial Services 29#30Grab Investor Day 2022 Building for Sustainable Growth Product & Tech Update Hooi Ling Tan Co-Founder Suthen Thomas Paradatheth Group Chief Technology Officer#31Millions of connections each day made possible by our ecosystem 9:41 32M MTUS (1) Search the Grab app Shop Now + A agoda OC Enjoy 20% OFF your first purchase. Begin your adventure with PayLater Poul oter bu Grob 4M Registered merchant-partners Orders Yolo Raffles City Shopping Centre ✓ $$ 25.67k 1,950.20 Food > 10M transactions daily S$ 52.80 Menu Supplies Marketing Finance Employees Academy 9:41 Improve your business man 5M Registered driver-partners 1. MTUS means monthly transacting users, which is defined as the monthly number of unique users who transact via Grab's products, where transact means to have successfully paid for any of Grab's products Jalan Profe Marina Bay Sands, 10 Bayfront Ave, Singapore 018956 S$8.00 Cash 31#32Our Approach to Tech 1 Hyperlocal 2 Personalized 3 Sustainable Growth 4 Proprietary Technology#33Hyperlocal Tailor-made for SEA Scalable & modular platform Extends regionally, optimized locally 12:19 1 DELIVER TO Macquarie SBI Infrastruct... Q What are you craving? DEALS Up to 20% Off! BNB Nearby Local Heroes: Sweet Treats Go on. Breathe it in. GrabDurian is back! ORDER NOW and more! Bestsellers Halal Islandwide All Cuisines Delivery There are 13 food rewards waiting. View Enjoy these meals under $10 → *$4 OFF delivery with GrabUnlimited. Try now for 10 GIAO TỚI Nhà - Bạn cần tìm gì? Chợ Tết GrabMart. Siêu voucher. giảm đến 10.. Đại tiệc tại gia 690 50% d Deal hoi den 50% 50% 120K FREESHIP MỌI ĐƠN 8110 950.000 1.030.000 .. Siêu thị online giảm ... Freeship mọi đơn hàng SAMTET DU DAY L Giảm ngay Nửa giả Shop 736.500 Shop đỉnh GrabMart Chợ truyền thong/Tap h... Quà Tết 2022 → Nhập FREESHIP22 - miễn phí giao hàng đơn 0Đ T 12.26 1 < ANTAR KE PT. Teleconsult Nusantara Q Kamu lagi mau makan apa nih? Resto Sekitar Resto Premium Up to 60% Resto Legendaris BERTUALAN ARA Terlaris! Gratis Ongkir Rating Terbaik. Semua Makanan Ada 214 reward makanan menunggumu. Takeaway Skip the line, save on fees. Cara lain untuk memesan FRISALAH BUKA PUASA GAK ITU-ITU MULU Diskon s/d Rp50rb 12 April 16 Me Lihat Pesan Untuk Nanti Pesanan Terjadwal 33#34Hyperlocal Evolution from one to many GrabTaxi GrabExpress GrabFood 2012 2015 2018 2014 GrabCar 2017 GrabPay & GrabRewards GrabFinance Lending 2019 2018 GrabAds Offline GrabAds Digital 2019 Grablnvest 2020 2019 2020 GrabMart GrabMerchant 2022 GrabMaps GXS 2022 2022+ GrabAds Self-serve launch 34#351 Hyperlocal Platformization for cost-effective scale Hyperlocalization for unique on-ground needs 35#36Our Approach to Tech 1 Hyperlocal 2 Personalized 3 Sustainable Growth 4 Proprietary Technology#372 Personalized ↑ 23% conversion uplift +380 HIPVAN Marketplace 00010 5530 Discount PRISM $520 Cashback KITH BY CASA Up to 8% Discount TANGS Electronics & Gadgets 5$13 Discount Discover All 5$ta Discount POPSICAL REMIX $$30 Discount 10:51 ◄ Search < Search for store or category Home & Living HiBlendr Electronics & Gadgets Prism Mother & Baby Over Malaysia Astra Baby Babybabes 37#382 Personalized 1500+ experiments per month +380 HIPVAN Marketplace 00010 5530 Discount PRISM $520 Cashback KITH BY CASA Up to 8% Discount TANGS Electronics & Gadgets 5$13 Discount Discover All 5$ta Discount POPSICAL REMIX $$30 Discount 10:51 ◄ Search < Search for store or category Home & Living HiBlendr Electronics & Gadgets Prism Mother & Baby Over Malaysia Astra Baby Babybabes 38#39Our Approach to Tech 1 Hyperlocal 2 Personalized 3 Sustainable Growth 4 Proprietary Technology#403 Sustainable Growth Cost Optimization Driving efficiencies with back-end innovations that shave off time and drive productivity in the deliveries funnel Food prep time Note: 1. Driver wait time reduced in July 2022 vs February 2022 Order ready Allocating a driver-partner Just-in-time Reducing wait-time at merchants Grob → 12 million minutes saved (1) 1202 Batched pick-ups & drop-offs across verticals i.e. food/mart/ parcels ETA to user- via optimized route 40#413 Sustainable Growth Al Promo Targeting Optimizing incentives with Al AC 17% in consumer incentives based on one recently-launched Al optimization initiative 41 Note: Based on the experiments conducted in five core markets during several weeks in August 2022. The incentive saving is estimated based on a recent A/B test to evaluate the impact of our new Al optimization engine. The 7% impact is extrapolated based on the assumption of a full rollout of the tested Al optimization feature to all applicable promos and markets. Sample sizes represent a significant proportion of users in each market.#42Our Approach to Tech 1 Hyperlocal 2 Personalized 3 Sustainable Growth 4 Proprietary Technology#434 Proprietary Technology Credit Scoring ML-driven Credit Scoring to empower our partners Over 50% of driver-partners re-apply for new loans Gill 12:30 ← Cash Loans THB Borrow up to $50,000.00 Get extra cash now! Receive instantly in Cash Wallet Customise your repayment plan Repay automatically Learn More 72% GFin Services (S) Pte Ltd. 1550, Thanapoom Tower, Level 30 New Petchburi Rd., Makkasan, Ratchathewi, Bangkok 10400 Start Applying 43#444 Proprietary Technology Anti-Fraud Systems Example of a real fraud syndicate using fake masks to try to bypass our facial verification 44#454 Proprietary Technology Systems Anti-fraud systems to guard against risk The visual depicts the tool which allows Grab systems to identify collusion between fraudsters using Graph ML algorithms applied on user entities (phone numbers, emails, IP addresses, etc.) 0- KOR 45#464 Proprietary Technology GrabMaps RIS 313 O#474 Proprietary Technology Superior coverage and navigation, built for Metody this region 4x 3x Sukabul Sela lower error rates Ulujami Kemanggisan Jakarta, Indonesia 2019 2020 Grogol Utara more cost- effective Museum Tekstil Slipi Gunung! Kebon Melati Karet Tengsin MUISTY Kauldron Asian Games Asian Para Games 2013 Selong: Karet Museum Satria Mandala Reikinik Museum Sasm Aroka Ahmad Maranand Museum Mohammad Heesni Thamrin Menteng Atas Menteng Dalam Utan Kaytf Utara Kebon Manggis ebet Barat Takarta Golf Club Bali Mester Rawamangun Bidara Cina Cipinang Besar Utara Tize pinang LAVS Jatineg Kaur Cipinang Muara 47#484 Proprietary Technology GrabMaps Extending GrabMaps beyond the Grab Ecosystem 48#49WOLVERH UOB $1577 เลย เกาตัว บ เล็ก มือ ญี่ปุ่น 1 480504 ฮั่วเซ่งเฮง วง บ บ ออา 256 wwww. 18735 25 4400 ฟล 303 op ใน น TRC ตั้งเรีย Solving everyday problems in Southeast Asia 49#50Grab Investor Day 2022 Mobility and Deliveries Sean Goh Head of Mobility and Deliveries#51Our vision is to build Southeast Asia's largest and most efficient on-demand platform that enables local commerce and mobility Invest in product innovation Harness the power of our ecosystem Grow sustainably 51#52Key priorities for Mobility and Deliveries Mobility Rebuild our supply Open new growth avenues through innovation Groo ra Deliveries Accelerate our path to profitability Drive high-quality growth 52#53It starts with better serving our stakeholders Driver-partners 0 Consumers Merchant-partners 53#54Help more driver-partners get back online Widen our reach Stronger conversion Mobile Grab Driver Center Government/NGO partnerships Driver referral programs 9:41 ← Driving is better with friends Driver Referrals Refer and earn up to RM300. Your referral code My Referrals John Tan Refer Now Agungbudi99 NEW Check if your friend needs help activating their account. 9:41 Greater driver-partner onboarding support Revamp in-app driver-partner onboarding What's your mode of transport? This helps us recommend the job type that suits you. ★ I walk Car O Bicycle Need help? Bike Pma 9:41 Grab We've received your application. In the mean time, you can start your training. Need help? Complete training X 5-10 min Documents submitted We'll get back to you within 1-2 working days via the Driver App and SMS Account activated. ⠀ 54#55Encouraging results in rebuilding driver-partner base 2x faster onboarding in Q2 2022 vs. Q2 2021 Notes 1. From Q3 2021 to Q2 2022. 2. Active driver-partners in Q2 2022 vs. Q4 2019. +26% uplift in active driver-partners (1) 77% of pre-COVID-19 levels (2) 55#56Scale through tech-driven efficiency Shorter stops Larger batches Better productivity 56#571 Tech Efficiencies Shorter stops: Online and offline investments Golf (fka 9:41 Fairw D il. Earnings G QUEENSTOWN You're online. Service Type $ 0 My Working Safety Destination. Capital Centre Reminder all Turn on Bluetooth 4.85 ... NEWTO CIRCU More ^ Turning on Bluetooth will help us improve your delivery experience. Real-world signals and partner integrations 12:23 9:41 24 km/h 60 Entrance Near Handy Rd 1 min. 80 m a all Switch to indoor map 01:15 pm Plaza Singapura E 20 Overview High-definition mapping and navigation 9:41 e Quay NES B 8 B Telok Ayer DT18 G A Arriving by 10:45pm Out for delivery! Chat with your driver Ahmad Dhani 4.6 Honda Beat B 3973 SZS Tip to make your driver's day .... -- Contact support EW14 NS26 Raffles Place B Just-in-time' allocation 57#582 Larger batches: Tech-enabled opportunities Demand concentration & shaping Contactless delivery Deliver now John's Burger Joint Distance from you: >0.1 km 130 Lorong mambong 130 lorong mambong singapore 5310 Add Note Delivery options Priority 40 min We'll put your order ahead in the queue. You also get a voucher if it's late. 1x Standard 40 min Saver 50 min Order Summary Total Coffee Edit Place Order 12:5 Change options S$9.50 S$6.50 S$4.50 Add items 10.000 S$18.50 Kreta Ayer Rd Tong Sen St X Nell Rd Temple St smh St Sego St Maxwell Rd Enggor St . 1 Bridge Rd lub St Choon Guan Telok Ayer Shenton Way Stanley St Robinson R Efficient batches through Geolocation optimization 58#59We are on track to deliver tech-driven efficiency 1 Shorter wait 22% reduction in driver-partner wait-time at merchants (1) 2 Larger batches +19% batch rate (1) (2) 3 Less subsidies required to create stable earnings and affordable services Note: 1. From Q4 2021 to Aug 2022. 2. Batched orders defined as completed batched orders as a percentage of overall completed orders (exclusions include takeaway and in-store delivery) Better productivity +11% trips per transit hour(1) 59#60Next, let's take a look at our merchant-partners Driver-partners 0 Consumers Merchant-partners 60#61Digitalize more merchant-partners at 2x the speed Average onboarding time (in days) Merchant-partners onboarded COVID-19 impact 2020 40% Aug 22 (annualized (¹)) 2020 -51% Aug 22 (annualized (2)) Note: 1. August 2022 annualized based on the increase in the number of merchants from year end 2021 to August 2022 to continue in the remaining months of 2022. 2. August 2022 annualized based on the reduction rate from July to August 2022 to continue in the remaining months of 2022. 61#62Empower our merchant-partners to succeed Self-serve advertising Self-serve content and menus Point-of-sale tools and integrations Check out our LA SCH Apta GrabAds: Provide merchant-partners with a self-serve tool to boost their visibility on the platform < Beverages Sports & Energy Juices Iced Tea 20-51.50 Monster Energy 473 ml $2.65 100Plus Isotonic Drink Can 6 X 325ml $4.35 Gatorade Bluebolt 6 X 325ml - $4.35 20 15 TILL TOMORROW 12:30 21 ✓ + Allow merchant-partners to update menu items & prices on-the-go OSS K BELLY ORDER JE LAH! Simplify sales and order management 62#63Finally, let's take a look at our consumers Driver-partners Consumers Wider access Deeper engagement Merchant-partners 63#64Greater access through innovation Accessible channels 9:41 < Where should the driver pick you up? Grob Grab Business account 1. Tap the "" icon 2. Send your current location (or another place) Which best describes your pick- up point? + Sengkaling Water Park Taman Rekreasi Sengkaling UMM 1. Entrance A, Sengkaling Water Park 2. Entrance B, Sengkaling Water Park 1 01 2 17:47W Piloting WhatsApp Mobility bookings in Indonesia Accessible services Hemat GrabBike GrabCar Hemat GrabShare Grab Mart PASAR GrabMart Pasar (local fresh markets) 64#65Deepen engagement with our consumers Unlock more channels and cross-sell across more categories Strengthen our platform's content 9:41 ← GrabFood Delivery Now 11 Jurong West AN Self Pick-Up Q What are you craving? Shop now → all Dine-Out $0 Delivery Islandwide GrabFood Budget Meal Delivery Superstars Fee Fe Ord Deliveries, Pick-up, and Dine-out 9:41 Ayam Goreng Mak Suharti Chinese, Indian, Chicken Delight 4.7 190 ratings 5 2 What people say Taste is great as normal but my chicken thigh was auto replace with breast. 5 Davina Wijaya .... Ayar ayar 4 Richer food reviews, photos, and recommendations 65#66Grab's sustainable platform loyalty strategy: GrabUnlimited Merchant campaigns made exclusive to members GrabRewards differentiated for members → Members spend 2.4x more (1) Ecosystem benefits exclusive to members Note 1. Average GMV by GU-subscribers on Food compared to non-GU users in the same period (Jun'22, excluding the Philippines). GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including 66 any applicable taxes, tips, tolls and fees, over the period of measurement.#67Malaysia Case Study: How these product innovations allowed us to harness the power of our ecosystem to drive sustainable growth 67#68Malaysia Case Study: GrabUnlimited drives cross-sell across our ecosystem Launched pilot in three cities Dec 2021 Jan 2022 Feb 2022 Launched nationwide Mar 2022 Apr 2022 Differentiated rewards for members Introduced 'ecosystem benefits' May 2022 Jun 2022 Jul 2022 Active GrabUnlimited memberships >70% of active members use multiple products 68#69Malaysia Case Study: Our efforts drove strong merchant- and driver-partner growth 1.8x faster driver-partner onboarding in 2022 vs. 2020 1.3x more driver-partners onboarded in 2022 vs. 2020 31% faster merchant-partner onboarding in 2022 vs. 2020 2.2x more merchant-partners onboarded in 2022 vs. 2020 69#70Malaysia Case Study: As a result, we were able to achieve profitability Segment Adjusted EBITDA margin for Mobility (1) Largely in line with steady state margin of 12% Segment Adjusted EBITDA margin for Deliveries (¹) Exceeded steady state margin of 3%+ ... while strengthening our market leadership Note: 1. In August 2022. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 70#71Order food again EX O 14120 9:41 Q Seachte Gabe tume 1800 Enjoy 20% OFF Peyster by Gi Laying a strong foundation for the future of our on-demand platform 71#72Grab Investor Day 2022 Grab Financial Group Alex Hungate Chief Operating Officer#73Coordinated to drive the power of the ecosystem Digibank (1) Leverages Grab ecosystem with capacity to serve stakeholders outside of Grab GrabFin Growing focus on on-platform and ecosystem transactions Products: GrabPay Wallet, Merchant and Driver Lending, PayLater, Scenario Insurance Products (2): Current Accounts, Savings Account, Lending, Other banking products Grab 1. Digital Bank in Singapore has been launched (September 2022, on a restricted basis) through our Digital Banking JV and has yet to be fully operational, and our Digital Banking JV and a consortium of partners were selected to receive a full digital banking license in Malaysia, subject to meeting all of Bank Negara Malaysia's regulatory conditions. 2. Only deposits product for GXS Singapore has been announced 73#74GrabFin already generates ecosystem benefits Cashless Payments 2.9x GrabPay users are 2.9x more likely to use a second Grab product than cash users(1) 。° 1.5x 10+ months retention rates of GrabPay users are 1.5x higher than cash users(2) PayLater +25% TPV per user (PayLater vs. non-PayLater) (3) +22% Transactions per user (PayLater vs. non-PayLater) (3) Driver/Merchant Lending +13% Rides per driver-partner (driver-partner with advances vs. without) (4) +22% Transactions per merchant-partner (merchant-partner with advances vs. without) (5) Insurance +16% Rides per driver-partner (driver-partner with insurance vs. without) (6) +19% Online hours per driver-partner (driver-partner with insurance vs. without) (6) 1. As of Q2 2022 2. For the July 2021 cohort, and after 10+ months of first usage 3. Feb to May 2021 cohorts in Singapore and Malaysia 4. Comparison between a cohort of driver-partners in Malaysia, Singapore, Philippines, and Thailand with an active loan relative to driver-partners in the same countries without an active loan. Comparison spans 5 months post adoption period. Cohort period spans from July and August 2021 (July and September 2021 for Malaysia) 5. Based on Q3 2021 cohorts of merchant-partners in Thailand 6. Comparison between a cohort of driver-partners in Malaysia, and Singapore, with insurance relative to driver-partners in the same countries without an active insurance policy from Grab. Cohort period spans from July and August 2021 (July and September 2021 for Malaysia) 74#75Our advantage in financial services Our advantage Lower cost distribution by embedding in Grab's transactions Lower customer acquisition costs within the ecosystem Lower credit costs and collection advantage through data and technology Reduced KYC and more seamless onboarding process Key examples Provision of Ride Cover, delivery insurance Provision of driver-partner loans Lower loss rate from driver lending; direct collection from platform earnings Rely on data collected from Grab platform 75#76GrabFin: Powering the Grab ecosystem GrabFin is undergoing a strategic shift to focus on serving and monetizing existing Grab consumers, driver- and merchant-partners Focus on ecosystem transactions Our focus areas Focus on contribution positive off-platform transactions Growing focus on credit products Sequential YoY reduction in GrabFin Segment Adjusted EBITDA (¹) losses Note: 1. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 76#77Digibank leverages the Grab ecosystem Consumers Driver- partners GrabPay Seamless payment for a Grab ride or GrabFood order GrabPay Reduces cash receipts for improved safety, efficiency, and risks GrabFin PayLater Better cash flow management Insurance Embedded insurance on a Grab ride Lending Pre-approved cash advances and auto financing Insurance Provides protection, packaged conveniently CASA Interest-bearing GXS Savings account CASA Interest-bearing GXS Savings account Digibank (1) Lending Pre-approved personal loans Lending Pre-approved personal loans 1. Digital Bank in Singapore has been launched (September 2022, on a restricted basis) through our Digital Banking JV and has yet to be fully operational, and our Digital Banking JV and a consortium of partners were selected to receive a full digital banking license in Malaysia, subject to meeting all of Bank Negara Malaysia's regulatory conditions. Only deposits product for GXS Singapore has been announced 77#78GXS X Grab x 9:41 GrabFin Our multi-layered security keeps you safe GrabPay Wallet S$0 Top up Home Financial services Invest Activate GXS Savings Account Scan to Pay Earn more rewards 18 Activity Finance all Insurance B Act Pa Transfer Messages Account Right in your favourite app Sign up for a GXS CASA account right from the Grab app that you already know and love 9:41 GxS Make GXS your primary payment method on Grab? This way, you'll earn extra rewards every time you pay (+ an extra 2500 bonus GrabReward points on your first transaction!) Enable Not Now GXS X Grab, Ultimate Power-Couple Link your GXS account to Grab to make payments seamlessly and enjoy bonus rewards 9:41 ← GXS Savings Account Main Account. 321-321321-3 S$450.00 Add funds Tips Hide details Set as default payment method Launch GXS app Download GXS App For more supercharged ways to save and manage your money all Grab Transactions Top-up to GrabPay Wallet Using GXS Savings Account 1234 $$10.00 > Never break your flow Access and manage your GXS account from the Grab app- secured by a GXS passcode G 8 Payment Methods GXS 1234 SGD 100.00 SGD 500.00 9384 Add Payment Method 100% The easiest way to pay Use your new GXS account to pay for everything you need-food, rides, QR, etc 78#79Access to a large ecosystem across Grab and partners Southeast Asia's leading superapp Dynamic Malaysian conglomerate Select examples HOTELS RESORTS SHANGRI-LA wilmar PPB PROPERTIES Grab KUOK GROUP AGSC Movies Digibank (¹) >120M Retail reach >12M MSME reach Singtel Emtek s!**** Singtel hi! Singteltv GO Select examples ncs//gomo dash innov8 Asia's leading telecoms & digital services player Indonesia's leading media and technology group bukalapak Vidio Select examples SCTV INDOSIAR Note: 1. Digital Bank in Singapore has been launched (September 2022, on a restricted basis) through our Digital Banking JV and has yet to be fully operational, and our Digital Banking JV and a consortium of partners were selected to receive a full digital banking license in Malaysia, subject to meeting all of Bank Negara Malaysia's regulatory conditions. 79#80Focus on growing sustainably 2026 Expected break-even for Digibank operations Launch of Malaysia and Indonesia Digibanks expected in 2023 Losses expected to peak in 2023 Profitability profile expected to improve as lending revenues pick up 80#81Grab Investor Day 2022 Sustainability Cheryl Goh Head of Sustainability and Marketing#82Purpose driven since day 1 2 wa T bal 9-94 OLEKSI and pada promes? - tall x lift+d - [ - zen? ((mathand مع ام - له ما جال Ако пута може и п- околя міки? W LAE MyTeksi Bukit Persekutuan Jaan Selango Travers Lorong 15km: RM16-24 Hiton Kuala Kuala Lumpur KLCC KUALA LUMPUR MYTEKSI HQ MYTEKSI HEADQUARTERS 00 246 TAXIS NEARBY Notes to driver 12:20 PM, Dec 22 Book Now TIP Our unwavering mission: to drive Southeast Asia forward by creating economic empowerment for everyone 82#83Grab's Sustainability Framework 1 2 3 Creating positive social impact Flexible and inclusive gig work in SEA Protecting the environment Our roadmap to carbon neutral by 2040 Responsible business practices Upholding the highest standard in safety Driver- partners -partners Merchant Consumers 83#84Pillar 1: Social Impact Grab is the largest enabler of gig work in Southeast Asia Grab Food Grab Source: International Labour Organization (2021). HONDA 9ar Grab FOOD HONDA Gr FOO Grab Food The informal economy is significantly more prevalent in Southeast Asia (78%) vs. USA (19%) 84#85Pillar 1: Social Impact Strengthening the foundations of gig work Insurance Protection 2016: 100% of driver- partners covered by Grab's personal insurance policy in 6 core markets 2018: Extended this coverage to 100% of delivery-partners Note: 1. Upskilling and training courses do not include mandatory courses. CH Financial Assistance 30% of active partners have an active credit product from Grab +13% more rides vs. those without loans Upskilling & Training Over 780,000 partners completed upskilling courses (1) on GrabAcademy in 2021 US$1M/annually for scholarship and bursaries 85#86Meet Hassan Grab 2357#87Pillar 2: Environment Our journey to Carbon Neutral 2040 1 Electric Vehicles 96% of our total emissions in 2021 is from scope 3 2 Renewable Energy All Grab corporate offices globally powered by 100% Renewable Energy via Renewable Energy Certificates Footprint Optimization 3 Reduce single deliveries via batching, car-sharing and route optimization Carbon Offset Offset what we cannot reduce by 2040 87#88Pillar 2: Environment EV ecosystem still nascent in SEA Grab Electric Vehicle Charging Station Grab Infrastructure Singapore: Sharing driver behavioral insights to help build out EV charging network. Driver-partners enjoy cheaper charging rates. Preparing for electric vehicles transition MG Financing Thailand: EV loans to help driver-partners own their first EV with KBank and MG Automotive. repayment as low as US$6. Gob B4229 SXU Gido Green Power Station MIndonesi trol on ww Grob Cicoonex 1 4 M 5 8 (C) (4 6 9 (4) Vehicle Indonesia: Largest 2-wheel EV rental fleets supported by battery-swap stations with Viar, Kymco, PLN, and Pertamina. Singapore: Piloting of 4-wheel EVs with Hyundai & hybrid vehicles with Toyota Motors on GrabRentals. 88#89Pillar 3: Governance Maintaining the highest safety standards 99.99% Rides occur without incidents (1) YoY improvements: 28% road accidents (1) 38% sexual harrassments (2) 50% sexual assault incidents (3) Note: 1. We define road traffic accidents as any accident caused by the driver-partner that occurs on-trip resulting in physical injury to the driver-partner, passenger and/or a third party. Includes accident data from our mobility and deliveries business segments in Indonesia, Singapore, Malaysia, Vietnam, Thailand, Myanmar, Cambodia and the Philippines. 2. Verbal and non-physical unsolicited sexual advances, requests, or the inappropriate promise of rewards for sexual favours, and verbal bullying or coercion of a sexual nature, which the aggressor or victim could be either consumer, driver or merchant. 3. Unlawful physical acts that are of a sexual nature. This includes attempted or actual penetration or touching or kissing any sexual body part. We also include sexual misconduct to encompass non-verbal and non-physical behaviour used to obtain sexual gratification against another's will or at the expense of another, which the aggressor or victim could be either passenger, driver or merchant. 89#90Comprehensive set of safety features Goal is to achieve 0 preventable incidents Pre-trip Al-powered real-time facial authentication Passenger verification In-app chat and masked communications Driver background checks 9:41 Safety Centre & Emergency Help Drivers' Safety Report & Telematics 'Share My Ride' Active Trip Monitoring Trip Monitoring Audio Recording New On trip il, Earings Do you need help? Your ride ended 5 km away from the destination. Dismiss Call Police Indian Bank of Dina Acan Wars Safety Centre fecha The Fallerar Audio recording Tag to switch on or ofcording wi opticaly when your ride eses Learn more Share Ride Details sand your live location and yand NO an exc Reporta Safety Issue Let us know any safety concerns during your m Emergency Assistance O Post-trip Post-trip feedback 90#91Pillar 3: Governance ESG is part of the Grab Way Grab Longevity of Gig Work Food Community Safety Gr Environmental Sustainability 91#92Grab Investor Day 2022 Financial Roadmap Peter Oey Chief Financial Officer#93Financial Roadmap Driving Sustainable Growth Charting a Clear Pathway to Profitability Maintaining a Strong Balance Sheet Good Evening Balance ² 0 16 Request Pay > SGD 16.40 10 Too Up M to Car Rewards Food O Delivery Trip Planner ((()) Subscription Prepaid Hotels New in GrabRe oints will bever New and better toda Grables 93#94Emerging stronger from COVID-19... Group GMV (1) (In US$ millions) 2,394 Q2 2020 Q3 2020 >2x growth Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 1. GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement. 5,055 Q2 2022 94#95...with a focus on driving sustainable growth Illustrative Segment Adj. EBITDA (¹) Margin% Mobility Deliveries GrabFin Digibank (2) Ads Accelerate growth through new sub-verticals Expected Medium-term Revenue CAGR% Note: Size of the bubbles represents medium-term revenue contribution. 1. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. 2. Target ROES for Digibank 95#96Mobility: Creating balance in a two-sided marketplace Profitability Segment Adj. EBITDA (1) Margin% 12% Steady State Margin Reinvest profits to drive growth Investing for future growth Driving increased penetration to capture a larger market Driving sustainable growth while maintaining 12% steady-state margins Growth Expected Medium-Term Revenue CAGR% Note: 1. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 96#97Deliveries: Tracking towards 3% + segment margins Case study - Malaysia Malaysia Deliveries (ex-Jaya) Segment Adj. EBITDA (1) Structure (As a % of GMV, August 2022) Commission Rate Drive high-quality transactions Full GrabUnlimited launch Total Incentives Revenue Improve operational efficiencies Segment Costs Above steady-state margin Segment Adj. EBITDA Note: 1. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 97#98Financial Services: Optimizing our cost structure Financial Services Segment Adj. EBITDA (1) Peak losses expected as Digibanks launch 2022E 2023E 2024E Digibank Target break-even in 2026 Sequential reduction in Segment Adjusted EBITDA (1) losses 2025E GrabFin 2026E Digibank Losses expected to reduce as lending revenues grow Malaysia and Indonesia digital banks launch in 2023 GrabFin Focus on on-platform and ecosystem lending/ insurance Focus on contribution positive off-platform transactions Note: 1. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 2. For illustrative purposes and indexed to 100 as of 2022E. 98#99Building on strong revenue growth momentum 45%-55% 2023E Group Revenue Growth (Constant Currency(¹) Revenue (US$ Billion) Note: 1. We apply constant currency to forecasts using 2022 monthly exchange rates for our transacted currencies other than the U.S. dollar 0.5 2020 57%-63% CAGR 0.7 1.25-1.30 2021 2022E 2023E 99#100Group Adj. EBITDA Breakeven: H2 2024 Group Adj. EBITDA(1) as a % of GMV Q2 2022 Group Adj. EBITDA Commission Rates Total Incentives Operational Costs Target Group Adj. EBITDA Break-even in H2 2024 Shift in platform mix towards higher commission segments Optimize discretionary spend while investing in product and tech innovation Product innovation to lower cost to serve Enhance cross-vertical penetration Increase customer stickiness Note: 1. Adjusted EBITDA is defined as net loss adjusted to exclude: (i) net interest income (expenses), (ii) other income (expenses), (iii) income tax expenses, (iv) depreciation and amortization, (v) stock-based compensation expenses, (vi) costs related to mergers and acquisitions, 100 (vii) unrealized foreign exchange gain (loss), (viii) impairment losses on goodwill and non-financial assets, (ix) fair value changes on investments, (x) restructuring costs, (xi) legal, tax and regulatory settlement provisions and (xii) share listing and associated expenses. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation."#101Demonstrating clear pathway to profitability Group Adj. EBITDA (1) (US$ Million) H1 2022 (521) H2 2022E (380) 27% HoH improvement in Group Adj. EBITDA (¹) Note: 1. Adjusted EBITDA is defined as net loss adjusted to exclude: (i) net interest income (expenses), (ii) other income (expenses), (iii) income tax expenses, (iv) depreciation and amortization, (v) stock-based compensation expenses, (vi) costs related to mergers and acquisitions, (vii) unrealized foreign exchange gain (loss), (viii) impairment losses on goodwill and non-financial assets, (ix) fair value changes on investments, (x) restructuring costs, (xi) legal, tax and regulatory settlement provisions and (xii) share listing and associated expenses. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 101#102Capital allocation framework Disciplined cash preservation Product and technology innovation Selective on inorganic growth 102#103Financial Roadmap Driving Sustainable Growth Charting a Clear Pathway to Profitability Maintaining a Strong Balance Sheet Driving towards becoming Southeast Asia's largest and most efficient on-demand platform that enables local commerce and mobility 103#104Grab Investor Day 2022 Supplemental Information#105Supplemental Information See the Cautionary Statement at the front of this Presentation for additional information regarding forward-looking statements, unaudited financial information and non-IFRS financial measures. Below is additional important information that you should pay attention to and read in conjunction with this Presentation. Unaudited Financial Information. Grab's unaudited selected financial data for the interim periods of 2022 and 2021 included in this Presentation are based on financial data derived from the Grab's management accounts that have not been reviewed or audited. Non-IFRS Financial Measures Definitions ● Adjusted EBITDA is calculated as net loss adjusted to exclude: (i) interest income (expenses), (ii) other income (expenses), (iii) income tax expenses (credit), (iv) depreciation and amortization, (v) share-based compensation expenses, (vi) costs related to mergers and acquisitions, (vii) unrealized foreign exchange gain (loss), (viii) impairment losses on goodwill and non-financial assets, (ix) fair value changes on investments, (x) restructuring costs, (xi) legal, tax and regulatory settlement provisions and (xii) share listing and associated expenses. Segment Adjusted EBITDA represents the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. Segment Adjusted EBITDA margin is calculated as Segment Adjusted EBITDA divided by Gross Merchandise Value. This Presentation also includes "Pre-InterCo" data, including Pre-InterCo total payments volume (TPV), which does not reflect elimination of intragroup transactions, which means such data includes earnings and other amounts from transactions between entities within the Grab group that are eliminated upon consolidation. Such data differs materially from the corresponding figures post-elimination of intra-group transactions. This Presentation contains forward-looking statements regarding Grab's estimation or expectation of its future revenue on a constant currency basis. The expected constant currency growth rate information provides a framework for assessing how Grab estimates or expects its revenue will perform excluding the effect of foreign currency rate fluctuations. 105#106Supplemental Information Non-IFRS Reconciliation ($ in millions, unless otherwise stated) Loss for the period Net interest expenses Other income Income tax expenses Depreciation and amortization Share-based compensation expenses Unrealized foreign exchange gain Impairment losses on goodwill and non-financial assets Fair value change on investments Restructuring costs Legal, tax and regulatory settlement provisions Adjusted EBITDA Regional corporate costs Total Segment Adjusted EBITA Deliveries Mobility Financial services Enterprise and new initiatives Total Segment Adjusted EBITDA * Amount less than $1 million Note: Q2 2021 and Q2 2022 are based on unaudited numbers. Q2 2022 $ (572) 18 (1) 2 38 111 (4) * 173 1 1 (233) 214 (19) (34) 125 (115) 5 (19) Q2 2021 $ (801) 444 (6) 2 86 106 (4) 3 (60) 16 (214) 200 (14) (20) 90 (85) 1 (14) 1H2022 $ (1,007) 45 (3) 3 72 231 (4) 3 133 1 6 (520) 426 (94) (90) 207 (217) 6 (94) 1H2021 $ (1,467) 864 (11) 3 170 140 (4) 2 (47) 25 (325) 346 21 (24) 205 (163) 3 21 106#107Supplemental Information Operating Metrics. The operating metrics used in this Presentation have the following definitions. Gross Merchandise Value (GMV) represents the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement. GMV is a metric by which Grab understands, evaluates and manages its business, and Grab's management believes is necessary for investors to understand and evaluate its business. GMV provides useful information to investors as it represents the amount of a consumer's spend that is being directed through Grab's platform. This metric enables Grab and investors to understand, evaluate and compare the total amount of customer spending that is being directed through its platform over a period of time. Grab presents GMV as a metric to understand and compare, and to enable investors to understand and compare, Grab's aggregate operating results, which captures significant trends in its business over time. Monthly Transacting User (MTUS) is defined as the monthly transacting users, which is an operating metric defined as the monthly number of unique users who transact via Grab's products, where transact means to have successfully paid for any of Grab's products. MTUs is a metric by which Grab understands, evaluates and manages its business, and Grab's management believes is necessary for investors to understand and evaluate its business. Commission Rate represents the total dollar value paid to Grab in the form of commissions and fees from each transaction, without any adjustments for incentives paid to driver- and merchant-partners or promotions to end-users, as a percentage of GMV, over the period of measurement. Partner incentives represents the dollar value of incentives granted to driver- and merchant-partners. The incentives granted to driver- and merchant-partners include base incentives and excess incentives, with base incentives being the amount of incentives paid to driver- and merchant-partners up to the amount of commissions and fees earned by Grab from those driver- and merchant-partners, and excess incentives being the amount of payments made to driver- and merchant-partners that exceed the amount of commissions and fees earned by Grab from those driver- and merchant-partners. Consumer incentives represents the dollar value of discounts and promotions offered to consumers. Partner incentives and consumer incentives are metrics by which we understand, evaluate and manage our business, and we believe are necessary for investors to understand and evaluate our business. We believe these metrics capture significant trends in our business over time. Industry and Market Data. This Presentation also contains information, estimates and other statistical data derived from third-party sources (including Euromonitor), including research, surveys or studies, some of which are preliminary drafts, conducted by third parties, information provided by customers and/or industry or general publications. Such information involves a number of assumptions and limitations and due to the nature of the techniques and methodologies used in market research, and as such neither Grab nor the third-party sources (including Euromonitor) can guarantee the accuracy of such information. You are cautioned not to give undue weight on such estimates. Grab has not independently verified such third-party information, and make no representation as to the accuracy of, such third-party information. Trademarks and Trade Names. This Presentation contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. Rounding of Numbers. Discrepancies between totals and sums of the amounts listed are due to rounding. Certain amounts and percentages have been rounded; consequently, certain figures may add up to be more or less than the total amount and certain percentages may add up to be more or less than 100% due to rounding. In particular and without limitation, amounts contained in this Presentation have been rounded for the convenience of the audience. In addition, period-on-period percentage changes with respect to our IFRS and non-IFRS measures and operating metrics have been calculated using actual figures derived from our internal accounting records and not the rounded numbers contained in this Presentation, and as a result, such percentages may differ from those calculated based on the numbers contained in this Presentation. 107