#1Q2 2022 Earnings Call August 2022 Grab#2Disclaimer Forward-Looking Statements This presentation (this "Presentation") and the announced investor webcast 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 and the webcast, including but not limited to, statements about Grab's beliefs and expectations, business strategy and plans, objectives of management for future operations of Grab, and growth opportunities, are forward-looking statements. Some of these 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" 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 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; 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. Unaudited Financial Information and Non-IFRS Financial Measures Grab's unaudited selected financial data for the three months ended June 30, 2022 and 2021 included in this presentation and the investor webcast is based on financial data derived from the Grab's management accounts that have not been reviewed or audited. This presentation and the investor webcast also include references to non-IFRS financial measures, which include: Adjusted EBITDA, Total Segment Adjusted EBITDA and Segment Adjusted EBITDA. 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, we provide 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. This presentation and the investor webcast also includes "Pre-InterCo" data that 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. We mpare the percent change in our current period results from the corresponding prior period using constant currency. We present constant currency growth rate information to provide a framework for assessing how our underlying GMV and revenue performed excluding the effect of foreign currency rate fluctuations. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. Explanation of non-IFRS financial measures: Adjusted EBITDA is a non-IFRS financial measure 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) 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. 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. Adjusted EBITDA margin is a non-IFRS financial measure calculated as Adjusted EBITDA divided by Gross Merchandise Value. 2#3Disclaimer Operating Metrics Gross Merchandise Value (GMV) is 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. 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 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 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 is an operating metric representing 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 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 you are cautioned not to give undue weight on such estimates. Grab has not independently verified such third-party information, and makes no representation as to the accuracy of such third-party information. 3#41 Business Update 2 Financial Results 3 Outlook 4 Non-IFRS Reconciliation Gli Ride | Eat. 26 941 Gra 4#5Business Update Home 9:41 Q Looking for something? Food Balance S$ 52.80 SAMSUNG 4 Order food again Activity Mart Say hello to the pride and joy of your smart home Sponsored by Samsung G The heart of your smart home Introducing the new Farly Nub series Payment Express Transport Use Points 3,800 all Account 늘 SC G 5#6Driving sustainable growth in Q2 2022 Revenue +79% YOY +85% YoY Constant Currency (3) Gross Merchandise Value(1) +30% YOY +34% YoY Constant Currency (3) Gross Merchandise Value(1) per Monthly Transacting User(2) +16% YOY +20% YoY Constant Currency (3) 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. 2. 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 3. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar.#7Business Update Increasing MTUs and engagement levels MTUS (¹) continue to grow, driven by the recovery in Mobility demand... (MTUS(¹) in millions) Q4 2019 Q2 2020 Q4 2020 Q2 2021 32.6 TI Q4 2021 Q2 2022 ...while user engagement levels also continue to improve (% MTUS(¹) split by number of services (²)) 3% 18% 79% 2018 17% 25% 57% 2019 22% 27% 52% 2020 27% 29% 44% 2021 34% 28% 38% Q2 2022 1 ≥ 3 offerings ■2 offerings 1 offering Note: 1. 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. Monthly transacting users (MTUS) over a quarterly or annual period are calculated based on the average of the MTUs for each month in the relevant period. 2. Figures may not add up to 100% due to rounding 7#8Business Update Improvement in margins and unit economics Total incentives (1) as a proportion of GMV(3) 13.0% Q4 2021 11.6% Q1 2022 I I 1 10.4% Q2 2022 Adjusted EBITDA margins (2) as a proportion of GMV(3) (6.8)% Q4 2021 (6.0)% (4.6)% Q2 2022 Q1 2022 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 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. 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. 8#9Mobility Mobility demand continues to recover Mobility GMV (1) (In US$ millions) Q2 2022 Mobility GMV grew +51% YoY and reached its highest level since Q1 2020 Mobility GMV in Q2 2022 is 67% of Q4 2019 levels Initial wave of COVID restrictions Q4 2019 | Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Delta-variant impact Q2 2021 Q3 2021 Note: 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 Omicron impact Q4 2021 Q1 2022 Q2 2022 9#10Mobility Recovery in Mobility margins Mobility Segment Adjusted EBITDA margins (¹) (Mobility Segment Adjusted EBITDA as a % of GMV(2)) Mobility Segment Adjusted EBITDA margins(1) at 12.1% in Q2 2022 In line with expected steady state margins of 12% Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Note: 1. Calculated as Mobility Segment Adjusted EBITDA as a percentage of Mobility GMV. 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. 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 12% Q2 2022 10#11Deliveries Strong focus on improving unit economics Deliveries total incentives (1) as a proportion of GMV(3) 18.2% 16.3% 15.4% Deliveries Segment Adjusted EBITDA Margins (2) (% of Deliveries GMV(3)) (3.5)% (2.2)% Q4 2021 Q1 2022 (1.4)% Q4 2021 Q1 2022 Q2 2022 Note: Deliveries Q1 and Q2 2022 results include contributions from Jaya Grocer 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 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. 2. 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." 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. Q2 2022 11#12Financial Services Enhances Grab's Superapp Financial services increases user engagement and stickiness... 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) ...and drives productivity and satisfaction with our driver-partners 30% +13% 30% of active driver-partners have an active loan from Grab (3)... ...and driver-partners with loans record +13% more rides vs. those without loans (4) Note: 1. As of Q2 2022 2. For the July 2021 cohort, and after 10+ months of first usage 3. Percentage of active driver-partners in Singapore, Malaysia, Thailand, Philippines, Indonesia and Vietnam with an active loan as of May 2022 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) 12#13Financial Results Home 9:41 Q Looking for something? Food Balance S$ 52.80 SAMSUNG 4 Order food again Activity Mart Say hello to the pride and joy of your smart home Sponsored by Samsung G The heart of your smart home Introducing the new Farly Nub series Payment Express Transport Use Points 3,800 all Account 늘 SC G 13#14Q2 2022 Results Consolidated group $ in millions, unless otherwise stated Operating Metrics GMV(3) MTU(4) (millions of users)** GMV per MTU ($)** Partner Incentives (5) Consumer Incentives (6) Financial Measures Revenue Loss for the period Total Segment Adjusted EBITDA(7,9) (non-IFRS) Adjusted EBITDA (8,9) (non-IFRS) Q2 2022 (1) 5,055 32.6 155 212 311 321 (572) (19) (233) Q2 2021 (1) 3,878 29.1 133 172 243 179 (801) (14) (214) YOY% Change 30% 12% 16% 23% 28% 79% 29% (43)% (9)% YOY% Change (Constant Currency(2)) 34% 20% 85% Q2 2022 (1) % of GMV 4% 6% 6% (11)% (0)% (5)% Q2 2021 (1) 4% 6% 5% (21)% (0)% (6)% Note: **Excluding OVO MTUs, our MTUs for Q2 2022 and Q2 2021 would be 29.5 million and 24.7 million respectively, and GMV per MTU would be $172 and $157 respectively 1. Unaudited for Q2 2021 and Q2 2022. 2. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 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. 4. 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. Monthly transacting users (MTUS) over a quarterly or annual period are calculated based on the average of the MTUs for each month in the relevant period. 5. 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 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. 6. Consumer incentives is an operating metric representing the dollar value of discounts and promotions offered to consumers. 7. Total Segment Adjusted EBITDA is defined as the Adjusted EBITDA excluding regional corporate costs. 8. 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. 9. These are non-IFRS financial measures. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 14#15Q2 2022 Results Commission rates Commission rates(2) Deliveries Mobility Financial Services Q2 2022 (1) 20.8% 23.2% 2.7% Q2 2021 (1) 18.0% 23.7% 2.4% YOY ppt Change 2.8% (0.5)% 0.3% Note: Deliveries Q2 2022 results include contributions from Jaya Grocer 1. Unaudited for Q2 2021 and Q2 2022. 2. Commission Rate is an operating metric, representing 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. 15#16Q2 2022 Results Segment Adjusted EBITDA to IFRS Net Loss in millions, unless otherwise stated Total Segment Adjusted EBITDA (2,4) (non-IFRS) Regional Corporate Costs Adjusted EBITDA (3,4) (non-IFRS) Non-cash expenses Cash expenses Loss for the period Q2 2022 (1) (19) {(214) (233) (317) (22) (572) Q2 2021 (1) (14) (200) (214) (546) (41) (801) As a % of GMV, Regional Corporate Costs fell from (5)% in Q2 2021 to (4)% in Q2 2022. Note: 1. Unaudited for Q2 2021 and Q2 2022. 2. Total Segment Adjusted EBITDA is defined as the Adjusted EBITDA excluding regional corporate costs. 3. 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. 4. These are non-IFRS financial measures. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 16#17Q2 2022 Results Net Cash Liquidity $ in millions, unless otherwise stated Cash & cash equivalents Add: Other Long-term Investments Add: Time deposits Add: Cash investments Add: Restricted cash Cash Liquidity (2) Less: Loans and borrowings Net Cash Liquidity As of 30 June 2022 (1) 2,628 112 4,061 773 166 7,740 (2,168) 5,572 As of 31 Mar 2022 (1) 3,215 115 4,006 708 172 8,216 (2,238) 5,978 As of 31 Dec 2021 (1) 4,838 121 3,174 684 153 8,970 (2,175) 6,795 Note: 1. Unaudited for June-30, 2022 and March-31, 2022, For Dec-31, 2021, only loans and borrowings are audited but cash liquidity and net cash liquidity are not 2. Cash Liquidity includes cash on hand, time deposits (>3 months), marketable securities and restricted cash. 17#18Q2 2022 Results Deliveries Gross Merchandise Value(1) (US$M) 2,073 Q2 2021 2,476 +19% YOY +24% YOY (CC(3)) Q2 2022 Commission Rate(2) (% of GMV) 18.0% Q2 2021 20.8% Q2 2022 Note: Deliveries Q2 2022 results include contributions from Jaya Grocer 1. GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement, 2. Commission Rate is an operating metric, representing the total dollar value paid to Grab in the form of commissions and fees from each transaction, without any adjustments for incentives paid to driver- and merchant-partners or promotions to end-users, as a percentage of GMV, over the period of measurement. 3. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 18#19Q2 2022 Results Deliveries Revenue (US$M) 45 Q2 2021 134 +199% YOY +211% YOY (CC(2)) Q2 2022 Segment Adjusted EBITDA(1) (US$M) % of GMV (0.9%) (20) Q2 2021 (1.4%) (34) -US$15M Q2 2022 Note: Deliveries Q2 2022 results include contributions from Jaya Grocer 1 Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 2. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 19#20Q2 2022 Results Mobility Gross Merchandise Value(1) (US$M) 685 Q2 2021 1,035 +51% YOY +55% YOY (CC(3)) Q2 2022 Commission Rate(2) (% of GMV) 23.7% 23.2% Q2 2021 Q2 2022 Note: 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. 2. Commission Rate is an operating metric, representing 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. 3. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 20#21Q2 2022 Results Mobility Revenue (US$M) 118 161 +37% YOY +40% YOY (CC(2)) Q2 2021 Q2 2022 Segment Adjusted EBITDA(1) (US$M) % of GMV 13.0% 90 Q2 2021 12.1% 125 +40% YOY Q2 2022 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. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 21#22Q2 2022 Results Financial services Total Payments Volume (Pre-InterCo)(¹) (US$M) 2,887 1,777 1,110 3,778 +31% YOY +35% YOY (CC(3)) Q2 2021 2,285 1,493 Q2 2022 On-Grab Off-Grab Commission Rate(2) (% of GMV) 2.4% Q2 2021 2.7% Q2 2022 Note: 1. Total Payments Volume (TPV) is defined as the value of payments, net of payment reversals, successfully completed through the Grab platform for the financial services segment. Pre-InterCo means this segment data includes earnings and other amounts from transactions between entities within the Grab group that are eliminated upon consolidation. 2. Commission Rate is an operating metric, representing the total dollar value paid to Grab in the form of commissions and fees from each transaction, without any adjustments for incentives paid to driver-and merchant-partners or promotions to end-users, as a percentage of GMV, over the period of measurement 3. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 22#23Q2 2022 Results Financial services Revenue (US$M) 6 Q2 2021 13 +94% YOY +105% YOY (CC(2)) Q2 2022 Segment Adjusted EBITDA(1) (US$M) % of TPV (2.9%) (85) Q2 2021 (3.1%) (115) -US$31M Q2 2022 Note: 1. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation." 2. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 23#24Q2 2022 Results Enterprise and New Initiatives Gross Merchandise Value(1) (US$M) 34 Q2 2021 52 +51% YOY +54% YOY (CC(3)) Q2 2022 Revenue (US$M) 11 14 +30% YOY +38% YOY (CC(3)) Q2 2021 Q2 2022 Segment Adjusted EBITDA(2) (US$M) % of GMV 3.3% Q2 2021 Note: 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. 2 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." 3. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 9.7% 5 +340% YOY Q2 2022 24#25Q2 2022 Results Incentives $ In millions Deliveries Mobility Financial Services Enterprise & New Initiatives Total As a % of GMV(4) Deliveries Mobility Financial Services Enterprise & New Initiatives Total Q2 2022 Base Excess Consumer Incentives (1) Incentives (2) Incentives(3) 12.0 147.8 221.0 36.9 15.5 26.2 0.1 0.0 28.0 0.0 0.0 35.9 49.0 163.3 311.1 Base Incentives (1) 0.5% 3.6% 0.0% 0.0% 1.0% Q2 2022 Excess Consumer Incentives (2) Incentives (3) 6.0% 8.9% 1.5% 2.5% 0.0% 1.9% 0.0% 69.0% 3.2% 6.2% Total Incentives 380.7 78.7 28.1 35.9 523.4 Total Incentives 15.4% 7.6% 1.9% 69.0% 10.4% Q2 2021 Base Excess Consumer Incentives (1) Incentives (2) Incentives (3) 28.1 117.6 182.7 16.4 9.9 18.4 0.1 0.1 19.1 0.0 (0.1) 22.4 44.7 127.5 242.6 Base Incentives (1) 1.4% 2.4% 0.0% 0.0% 1.2% Q2 2021 Excess Consumer Incentives(2) Incentives(3) 5.7% 8.8% 1.4% 2.7% 0.0% 1.8% (0.3%) 65.0% 3.3% 6.3% Total Incentives 328.5 44.7 19.3 22.3 414.8 Total Incentives 15.8% 6.5% 1.8% 64.7% 10.7% Note: Q2 2021 and Q2 2022 are based on unaudited numbers. 1. Base incentives refer to 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. 2. Excess incentives refer to payments made to driver- and merchant-partners that exceed the amount of commissions and fees earned by Grab from those driver-and merchant-partners. 3. Consumer incentives refer to discounts and promotions offered to consumers. 4. Calculated as a percentage of segment GMV (for Deliveries, Mobility, Financial Services and Enterprise & New Initiatives) and Group GMV (for Total). 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. 25#26Outlook Home 9:41 Q Looking for something? Food Balance S$ 52.80 SAMSUNG 4 Order food again Activity Mart Say hello to the pride and joy of your smart home Sponsored by Samsung G The heart of your smart home Introducing the new Farly Nub series Payment Express Transport Use Points 3,800 all Account 늘 SC G 26#27Outlook Outlook for Q3 2022 Mobility GMV(1) Deliveries GMV(1) Financial Services TPV (Pre-InterCo)(²) $1.05B - $1.10B $2.4B - $2.5B $3.8B - $3.9B Note: 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 2. Total Payments Volume (TPV) is defined as the value of payments, net of payment reversals, successfully completed through the Grab platform for the financial services segment. Pre-InterCo means this segment data includes earnings and other amounts from transactions between entities within the Grab group that are eliminated upon consolidation. 27#28Outlook Outlook for 2022 and Deliveries breakeven 2022 GMV(¹) YoY% growth 2022 Revenue Food Deliveries Segment Adj. EBITDA (3) Breakeven +21 ~ 25% YoY +25~29% YOY CC(2) (Previous: +30 ~ 35% YoY) $1.25B $1.30B (Previous: $1.20B ~ $1.30B) N Q1 2023 (Previous: H1 2023) Q2 2023 (Previous: end-2023) Deliveries Segment Adj. EBITDA (3) Breakeven Note: 1. GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement. 2. CC stands for Constant Currency. We estimate the variance between Constant Currency and Reported Currency growth rates for GMV in 2022 to be c. 4%, taking into consideration the FX translational impacts observed to date. 3. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. 28#29Non-IFRS Reconciliation Home 9:41 Q Looking for something? Food Balance S$ 52.80 SAMSUNG 4 Order food again Activity Mart Say hello to the pride and joy of your smart home Sponsored by Samsung G The heart of your smart home Introducing the new Farly Nub series Payment Express Transport Use Points 3,800 all Account 늘 SC G 29#30Adjusted EBITDA to IFRS Net Loss $ 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 Reconciliation * Amount less than $1 million Note: Q2 2021 and Q2 2022 are based on unaudited numbers. Q2 2022 (1) (572) 18 (1) 2 38 111 (4) * 173 1 1 (233) Q2 2021 (1) (801) 444 (6) 2 86 106 (4) 3 (60) * 16 (214) 30