#1HELBIZ A single platform for driving forward shared mobility worldwide Proposed merger with GreenVision Acquisition Corp. (Nasdaq: GRNV) February 2021 HELBIZ WE ONLY ONE HAVE ARTH.#2Disclaimer Additional Information and Where to Find It GreenVision Acquisition Corp. ("GRNV") intends to file with the U.S. Securities and Exchange Commission ("SEC") a preliminary proxy statement in connection with the proposed business combination (the "Merger") and will mail a definitive proxy statement and other relevant documents to its stockholders. GRNV's stockholders and other interested persons are advised to read, when available, the preliminary proxy statement, and amendments thereto, and the definitive proxy statement in connection with GRNV's solicitation of proxies for its stockholders' meeting to be held approve the Merger because the proxy statement will contain important information about GRNV, Helbiz, Inc. ("Helbiz") and the Merger. The definitive proxy statement will be mailed to stockholders of GRNV as of a record date to be established for voting on the Merger. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC's website at www.sec.gov or by writing to GreenVision Acquisition Corp., One Penn Plaza, New York, NY 10019, Attn: David Fu, Chief Executive Officer. Participants in the Solicitation GRNV, Helbiz and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of GRNV's stockholders with respect to the approval of the Merger. GRNV and Helbiz urge investors, stockholders and other interested persons read, when available, the preliminary proxy statement and amendments thereto and the definitive proxy statement and documents incorporated by reference therein, as well as other documents filed with the SEC connection with the Merger, as these materials will contain important information about Helbiz, GRNV and the Merger. Information regarding GRNV's directors and officers and a description of their interests in GRNV is contained in GRNV's annual report on Form 10-K for the fiscal year ended December 31, 2019. Additional information regarding the participants in the proxy solicitation, including Helbiz's directors and officers, and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the definitive proxy statement for the Merger when available. Each of these documents is, or will be, available at the SEC's website. Non-GAAP financial measures This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP"), including, but not limited to EBITDA and other metrics derived therefrom. These non-GAAP financial measures are not measures f financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the GRNV's or Helbiz's financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. addition, historical financial measures included in this presentation have not been audited and are subject to review and adjustment accordingly. You should be aware that GRNV's and Helbiz's presentation of these measures may not be comparable to similarly-titled measures used by other companies. The Company's management believes that these non-GAAP, unaudited measures of financial results provides useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations and you should not rely on any single financial measure to evaluate the Company's business. These non-GAAP financial measures are not calculated in accordance with generally accepted accounting principles in the United States ("GAAP") and should not be considered as alternatives to GAAP. These non-GAAP financial measures are included herein because GreenVision and Helbiz believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. Other companies may calculate their non-GAAP financial measures differently, and therefore Helbiz's non-GAAP financial measures may not be directly comparable to similarly titled measures of other companies. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP financial measures due to the inherent difficulty forecasting and quantifying certain amounts that are necessary for such reconciliation. No Offer or Solicitation This presentation is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Transactions and shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Forward Looking Statements This presentation contains "forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "could", "continue", "expect", "estimate", "may", "plan", "outlook", "future" and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to GRNV's and Helbiz's future prospects, developments and business strategies. In particular, such forward-looking statements include statements concerning the timing of the Merger, the business plans, objectives, expectations and intentions of GRNV once the Merger and the other transactions contemplated thereby (the "Transactions") and change of name are complete ("New Helbiz"), and Helbiz's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These statements are based on GRNV's or Helbiz's management's current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside GRNV's or Helbiz's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (2) the inability to complete the Transactions due to the failure to obtain approval of the holder of V or Helbiz or other conditions to closing in the Merger Agreement; (3) the ability of New Helbiz to meet Nasdaq's listing standards (or the standards other secur socurition of the publi stockholders of GRNV any other securities exchange ook of GPNV to retain institutional accredited investors; (5) the risk that the announcement and consumption of the Transactions dit Helbiz's current plans and operations; (6) the age on which securities of the public entity are listed) following the Merger; (4) the inability to complete the private placement of common the ability to recognize the the anticipated benefits of the Transactions, which may be affected by, among other things, competition, the ability of New Helbiz to grow and manage growth profitably, maintain relationships with customers, business partners, suppliers and agents and retain its management and key employees; (7) costs related to the Transactions; (8) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain to necessary regulatory approvals required o complete the Transactions; (9) the possibility that Helbiz and New Helbiz may be adversely affected by other economic, (14) ter of cool arene the incl of comm (5) the rick that the announcement and ument plane disrupts H dators andler itive COMID 10 AL portion to comp A Transactions; (11) the outcome of any legal proceedings that may be instituted against GRNV, Helbiz. New Helbiz or any of their respective directors or officers fol, business, regulatory and/or competitive factors; (10) the impact of COVID-19 on Helhiz's and Now Helhi's bus and/or the ability of the parties to complete the Tronga may De guverse of the Transactions failure to maliza vadina www.w following the announcement the Transactions; and (12) the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments. Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in GRNV's most recent annual report on Form 10-K, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, which are available, free of charge, at the SEC's website at www.sec.gov, and will also be provided in the proxy statement when available. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and GRNV and Helbiz undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, changes expectations, future events or otherwise. This presentation is not intended to be all-inclusive or to contain all the information that a person may desire in considering investment in GRNV and is not intended to form the basis of an investment decision in GRNV. All subsequent written and oral forward-looking statements concerning GRNV and Helbiz, the Transactions or other matters and attributable to GRNV and Helbiz or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Industry and Market Data In this Investor Presentation, Helbiz relies on and refers to information and statistics in the sectors in which it intends to compete. Helbiz obtained this information and statistics from third-party sources believed to be reliable, including reports by market research firms. Helbiz has supplemented this information where necessary with its own internal estimates, taking into account publicly available information about other industry participants and its management's best view as to information that is not publicly available. Neither Helbiz nor GreenVision has independently verified the accuracy or completeness of any such third-party information. Use of Projections. This presentation contains financial forecasts. Neither GreenVision's nor Helbiz's auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation. These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. In this presentation, certain of the above-mentioned projected information has been provided for purposes of providing comparisons with historical data. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Projections are inherently uncertain due to a number of factors outside of GreenVision's or Helbiz's control. Accordingly, there can be no assurance that the prospective results are indicative of future performance of GreenVision, Helbiz or the combined company after the business combination or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. HELBIZ 2#3Company Overview Key Business Lines HELBIZ HELBIZ HELBIZ HELBIZ Mobility Last-mile solutions range from e- scooters and e-bikers to e-mopeds DIESE DIESEL #MOVEWITHDIESEL 8 Unlocking... HELBIZ Notes: 1 Across our platforms as of Jan-21. 2 Based on unaudited financials of the company YOUR AD HERE Advertising Integrated omni-channel advertisement offerings on Helbiz app T 2020 Mobility 4% Revenue 96% Advertising >$4M² 29 Licenses 2.5M Users¹ 2025E 16% 12 Licenses Mobility Revenue 10% $449M 279 Licenses 17 Licenses 74% Advertising New Verticals 3#4A ride for every preference Demographic & pricing for every vehicle type Pricing Avg. trip distance Gender Age HELBIZ T HELBIZ E-Scooter $1 unlock + $0.30/min 1.9 km Male 80% Female 20% age 18-34 HELBIZ E-Bike $1 unlock + $0.30/min 3.9 km Male 40% Female 60% age 25-40 HELBIZ E-Moped $0.26/min 8 km Male 60% Female 40% age 25-55 Unlimited $29.99/mo 4#5Mobility on-demand Scan | Unlock | Ride Pay-As-You-Go $1 to Unlock + $0.30/min* HELBIZ ∞ All-You-Can-Ride $29.99/month * Avg. price across markets Card & Cash Pay with Card & Top-up cash in +50,000 locations E-Scooter 1S Unlock +0.15$/min 6km range 9:41 = 15+ 5+ < 9:41 Reserve NW 11 Ter oo W Flagler St J SW 12 SW 2nd S SW 13th St HELBIZ 92 Chinatown $50.50 HelbizCASH J NETS Scan to Ride HELBIZ Start Ride 11 Food 15+ Ring ADD FUNDS Doubletree by H Grand Hotel Biscayne Bay all? all Reload your account. Get 10% bonus Venetian Cause AUTO-RELOAD IS ON 00 Unlimited Rides. Every day. $29.99/mo Helbiz Unlimited benefits 9:41 15+ Unlimited Free Rides Take unlimited free rides up to 30min per trip every month. Valid Worldwide Whether you are in are Furone USA or Subscribe ($29.99/Mo) NW 12% St NW 11th Ter J NW 6th S S Az HELBIZ J w Flagler S NE 14th Sp J 15+ Grand Hotel Biscayne Bay OP Start Ride 11 Food all Walle 9:41 9:41 E Reserved for: 29:54 Cancel John Doe +5 $25.50 Trips Wallet What's new 29 Hello John! Chinat Take Parking P P 3 550g CO2 saved St#6A Multi-Modal Journey An actual journey right from within our connected ecosystem Helbiz provides an easy, inexpensive and eco-friendly transportation option. With a proprietary ecosystem of vehicles to be integrated with public transportation, Helbiz prioritizes intermodal access. Riders can reserve vehicles in advance, and there will always be a vehicle ready when they arrive at the station. HELBIZ 7:20 AM 7:26 AM 7:33 AM 8:30 AM 8:32 AM 8:42 AM CENIS Aosta Gran Parad NISS T Maumentale ATOWN PORTA VOLTA N YA TENAGLIA Casarese Turin CROCETTA Sandena Maulan San Paolo Ceno ISOLA PORTA GARIBALDI Biella Cessato S M Torre Lombard CENTRO DIREZIONALE PORTA NUDVA Vercelli Principe Seve Camp Ada AL Eran Muse 3 Novara Alessandria LA V 11/18 M Vigeword Starttel Echo Ve Maure Mach Nation CANCHIGLIA Mungum LAZZARE 10 DEMILANO Cana Galimberti VENEZIA M Monte dei Cappuccini Milan ZONA BUENOS AIRES DUINOS Valu DONDO PO Pigazzano LOR TO Plac Padm CHA 6#7Market Penetration #1 Operator, Market Leader & of all people between 18 & 49 first mover in Italy in Key Markets (IT) have our app installed HELBIZ 26% 60% 65% of ALL 2020 Italian city tenders offered, Tender offer success rate in the United States we won 7#8Why the future belongs to Helbiz Key Investment Highlights 1 An Established Market Leader - A well-known brand with deep market penetration 2 A New Regulatory Landscape - Benefitting Helbiz, an experienced and reputable operator with a strong pipeline of licenses 3 Multiple Revenue Streams - Less dependent on rental income 4 A Proven Business Model - Compelling unit economics and clear path to profitability in 2021 5 Market Leading Technology - Our proprietary technology platform 6 An Innovative Multimodal Platform - Broadened reach, value proposition and city integration 7 In-house Operations - A higher level of control over service quality and offerings 8 Multiple catalysts ahead - New licenses expected to be signed in 2021 9 Attractive valuation - Proforma 1.9x 2022 EV/revenue, 7.1 x 2022 EV/EBITDA 10 Transaction includes anticipated $30 million PIPE - Anchored by institutional investors and Helbiz shareholders rolling 100% of their equity HELBIZ 8#9Visionary Management Team Select Team members HELBIZ Salvatore Palella Founder & CEO Serial entrepreneur with Investment and startup experience Giulio Profumo Chief Financial Officer Former investment banker at Rothschild and Citigroup with proven investment and startup experience Past Companies include: HELBIZ Microsoft Uber Jonathan Hannestad Chief Operating Officer Led creation of the Helbiz ecosystem from its inception. Previously founded various software startups. Nemanja Stancic Chief Technology Officer Accredited CTO with extensive portfolio including former 3x MVP at Microsoft Stefano Ciravegna Chief Strategy Officer Former investment banker and PE manager Goldman Sachs and AIG Global Investments airbnb TESLA ORACLE Lorenzo Speranza Chief Accounting Officer Former Executive auditor at Ernst & Young Lime Goldman Sachs Max Pike Head of Growth Former Strategy & Planning at Uber, and head of Operations at Skip Phil Cardenas Head of Trust & Safety Former Head of Global Trust and Safety at both AirBnB and Uber Rothschild & Co Citi EY cíti 9#10Brands partner with Helbiz Helbiz works with a wide range of partners to maximize exposure and user offerings Points of Sale Carrefour PER La grande LIS la Feltrinelli ESSELUNGA MONDADORI HELBIZ Fashion & Entertainment elite LIVE NATION Yamamay CARPISA Rick Owens MIAMI 3 Transportation TELEPASS f TRENITALIA GRUPPO FERROVIE DELLO STATO ITALIANE moovit Universities ALMA MATER STUDIORUM for Zaky AOO UNIVERSITÀ DI BOLOGNA EMORY SAPIENZA UNIVERSITÀ DI ROMA RT UNIVERSITA CATTOLICA del Sacro Cuore ESCP BUSINESS SCHOOL Politecnico Bari + 15 more Payment Providers 支 支付宝 ALIPAY SAMSUNG epay tinaba Banking & Finance BNL GRUPPO BNP PARIBAS YULO ON DEMAND INSURANCE BANCA POPOLARE DI PUGLIA E BASILICATA Sustainability enel G European Recycling Platform 10#11Environmental, Social and Governance (ESG) Fully CO² Neutral by 2022 Completely recycled. Down to the last screw Powered by 100% renewable energy in partnership with Enel 1 HELBIZ Notes: ¹ Enel Green Power's energy generation mix includes all the main renewable resources: wind, solar, hydroelectric and geothermal. Production is 100% sustainable. Social Equity. Enabling people to move around 11#12Micro Mobility is the Future HELBIZ 12#13Car Ownership is Declining Young people are driving less, car ownership on the decline 46.2% Percentage of U.S. licensed drivers in different age groups (in percent)¹ 31.1% 16 Year Old 26% 80.4% HELBIZ Notes: 1 Green Car Congress - Choosing not to drive: A transient or a permanent phenomenon? 65.4% 18 Year Old 1983 2008 62% 2017 91.8% 82% 79.6% 20-24 Year Old 13#14Micro-mobility Opportunity The majority of passenger trips are under 5 miles; on these short trips micro-mobility is cheaper, faster, and more sustainable than rideshare Over 500Billion annual passenger trips in the US and EU are under 5 miles¹ % of sing trips 30% 25% 20% 15% 10% 5% HELBIZ 5 9 13 17 Trip Distance 21 25 29 Notes: US Department of Transportation: 2017 National Household Travel Survey (2018) Price/ $11.0 $9.2 $7.3 $5.5 $3.7 $1.8 1 From 1 to 5 miles MicroMobility offers the greatest savings 2 2 3 - Micromobility 4 5 - Personal Car 2 Barclays - Equity Research - Micromobility Report (20 March 2019) 6 Yellow Cab 7 8 - Ride Hail 9 10 Miles 14#15Increased Micro-mobility Adoption Estimates peg micro-mobility penetration at 8-10% of the >500B short trips, resulting in adoption accelerating faster than rideshare Cannibalization of transportation modes by micro-mobility trips, 2030, by %¹ Private car Other car-based mobility Public Transport Walking / Biking Total HELBIZ 30% 10% 35% 100% 25% Cumulative Rides 10,000,000,000 1,000,000,000 100,000,000 10,000,000 1,000,000 100,000 10,000 1,000 100 10 Micro-mobility Adoption VS Ridesharing 2 Lime BIRD HELBIZ 0 1 2 3 4 5 6 -HELBIZ - Uber Notes: ¹McKinsey - Micromobility: Industry progress, and a closer look at the case of Munich (2019) 2 Barclays - Equity Research - Micromobility Report (20 March 2019) lyA - lyA Lime Uber Years After Launch - BIRD 15#16Favorable Industry Outlook Micro-mobility in USA & Europe is expected to be a $300-$450 Market by 2030. Billion HELBIZ Notes: 1 McKinsey & Company - Micromobility's 15,000-mile checkup (2019) 300 $ Billion 150 $ Billion 16#17Strategy & Execution To win HELBIZ 17#18Securing Licenses Formula for regulatory success We have developed significant knowledge internally and worked with external advisors, navigating the regulatory environment. We engage with regulators and local authorities far more proactively. HELBIZ Helbiz Expertise • Internal knowledge generated by previous experiences & proven track record over several years ● Visible Revenue External Advisory • Local consultants familiar with local authorities Expert knowledge and contacts Win Operating Licenses The right to be the only, or one of few, operators in a given city • Assured revenue • Limited Competition • Predicted future cash flows . . . Track Record Winning licenses gives us an ever-improving track record Easier to win further permits 18#19Securing Licenses We are experts on permits. In a market that is highly regulated we have regulatory superiority. 60% 29 City licenses won of ALL 2020 Italian city tenders offered, we won HELBIZ Atlanta Operations Plan Communication Fleet Design Equity Plan Innovation Total Score Accountability Equipment Design Safety Innovation Equity Plan Labor Sustainability Data Highest Score & License in Atlanta Washington D.C. BOLT Total BIRD 47 20 15 12 18 112 20 4 27 1 15 6 4 13 HELBIZ 90 51 22 13 12 Highest Score & License in Washington D.C. Uber JUMP 15 113 HELBIZ 23 4 35 11 27 18 4 15 SPIN 137 49 22 15 12 6 104 27 4 43 13 13 13 6 17 136 WHEELS O 40 14 13 12 12 91 HOPR 18 4 32 2 18 10 2 16 102 19#20Market leading position in Italy HELBIZ O BIRD WIND voi. HELBIZ App Store Ranking (Travel Category) 1 #1 #4 #7 #11 #37 App Store Rating 4.92 4.92 4.87 4.39 4.89 Funding² Notes: 1. As of October 2020 2. Funding source: Crunchbase 31M 935M 623M 72M 388M Licenses (IT) 17 5 4 7 2 The Italian market leader offering the #1 platform & Customer Experience with the most licenses With a lean structure Helbiz has built an efficient well-run operation that has not only cemented itself as the leading platform, with the #1 customer experience but furthermore Helbiz has been able to secure the majority of all licenses offered so far in Italy. 20#21Market Focus A dedicated focus on the more Profitable Markets. Less competition. More loyalty. Deeper penetration. HELBIZ Population Competitors per city Cost to cover Regulations $/Vehicle/Month Tier 1 Cities +750k +5 Operators $$$$$ Strict & Expensive $100-500 Tier 2 Cities 250-750k 1-2 Operators $$$ Easy to work with & Collaborative $400 21#22Operations Operationally Superior Robust & reliable in-house driver network Flexible and scaleable infrastructure A hyper local approach, on a global scale Licenses & profitability depends on operational efficiency All tools used in our operation are built from scratch to work seamlessly together with our core engine & algorithms Al powered with a human touch HELBIZ HOTEL HELBIZ HELBIZ WICZSAKY HELBIZ Pickup 2409 22#23Innovative tech driven platform 100% Proprietary Technology, developed in-house www HELBIZ Software Focused Dispatch & Driver App A suite of operational tools from drivers app, warehouse and inventory management to our analytics, prediction algorithms and dispatch engine + Eve Core Platform Engine Our proprietary dispatch engine manages our global fleet, priorities and routes tasks to each driver in real-time Our Utilization and prediction engine helps predict and maximize vehicle utilization across cities and platforms. Operations HELBIZ Operational Superiority A hyper local approach, on a global scale Hire, learn from and partner with local companies. Serve each city with best-in-class service quality. In-house drivers, guaranteed service Use in-house teams for on-ground operations to ensure service level and accountability. || Operational Efficiency Increased Revenue Per Vehicle Optimized Fleet Management Reduced Theft & Vandalism 23#24Integrated parking systems in our operating model Innovative solutions to key concerns make us the preferred Shared Mobility Partner Artificial Intelligence Parking Verification 9:41 HELBIZ Wait, we are verifying your parking Uploading photo... A your ride is not ended. Please correct any mistakes and park again Al Powered Parking Verifications Analyzes a user's Parking Photo in real time to ensure compliance with local regulations. ‹) jjj 000 Smart Parking Spots (Patent Pending) This proprietary technology ensures a vehicle is parked within a marked area. Users are guided to the nearest parking spots. - Cities can access a live view and set limits of vehicles per spot. 24#25Outsourced Hardware HELBIZ Strong Relationships with R&D and Manufacturing Partners Enable Steady Supply & Operational Efficiency HELBIZ SEGWAY OKAL UME INTLINES FLL#26Customer Acquisition Strategy 70% Organic 20% Partnerships 10% Direct Advertisement HELBIZ Our strategically placed vehicles act as mobile billboards attracting and converting users while they are in the field & ready to consume our product <$1 Combined Customer Acquisition Cost 26#27Looking Forward HELBIZ 27#28Our Vision HELBIZ HELBIZ HELBIZ Micro-mobility HELBIZ WE ONLY HAVE ONE EARTH. Leverage our customer touch points to cross sell additional higher margin products/ services Take a ride for the en Advertisement Salvatore Paella C $250.00 Pr # HELBIZ KITCHEN Payments & Food Leverage our low CAC, growth, penetration and user base to launch new products expanding into a hyper-vertical platform focused on covering the entire customer journey around a singular vertical - with new services such as: Public Transit Integration & Ticketing HelbizKitchen Food Delivery Native Wallet & Payment System (fintech license in progress in Europe) 28#29Customer Journey Onboard MicroMobility Rapidly onboard and grow user base through fast consumed and low CAC MicroMobility CAC <$1 Retain Keep them riding Boost rides through subscriptions & Incentives to maximize retention, screen time and advertisement potential CLTV +$360/user ¹ HELBIZ Notes: 1 Internal Calculation 2 Is Revolut the Wework of fintech? - Hernaes (21 October 2019) Upsell & Convert Food, Transit & Payments After gaining attention and retention use our platform and incentives to push other products for an integrated daily experience CLTV +$1,250/user ² DOORDASH Revolut N26 29#30Our 6 Growth Strategies Micro-Mobilty Growth Opportunities HELBIZ 1 Grow our Rider base 4 Grow Advertisement Opportunities 2 Expand into New Markets LO 5 Launch new products for hyper vertical penetration Ⓡ 3 Expand MultiModal Offerings 6 Grow Synergy between Platforms 30#31Advertising Advertisement helps to enhance margins, leveraging existing assets HELBIZ $ MOVEWITHDIESEL Unlocking In-App Advertising Full screen unlock advertising, branded map pins and ads triggered as users pass near specific locations. HELBIZ Your Here Parking Hub Displays A network of charging parking hubs with smart connected LED displays with the ability to play video ads. Your Ad Vehicle Branding Large partnerships to co-brand vehicles in specific cities or countries 31#32Incremental Revenue Streams - Advertising Unlock Ads HELBIZ Location Triggered Ads 888 Jelated MINNI Physical Station Ads Unlike other ad platforms, Helbiz interacts directly with consumers and their environment while they are on-the-go We know where users live, work, and how they move around their cities, and can geo-target all users with advertisement when they unlock, ride or pass in near vicinity of specific spots or stores. 32#33Our Financials HELBIZ 33#34Indicative Transaction Overview Key Metrics: Expected pro forma enterprise value of $320.5 million at closing ● Implied pro forma enterprise value of 1.9x 2022E revenue and 7.1x 2022E ebitda Profitability expected in 2021 Pro-Forma Enterprise Value In millions except share price Shares Outstanding Share Price Equity Value (+) debt (-) cash Enterprise Value HELBIZ 40.8 $10.00 $408 7.5 $80 $320.5 Sources GV trust Helbiz PIPE Financing Total Sources Sources Helbiz 73.6% $M 57.5 300 30 387.5 Uses Equity Issued to Helbiz Estimated Transaction Fees Remaining Cash Total Uses Pro-Forma Ownership at Closing Uses PIPE 7.4% GV public shares + rights 19.0% Notes: Included $30 Million PIPE. Assumes no redemptions from GreenVision existing public shareholders. Excludes the impact of GreenVision 5.75 m warrants with a strike price of $11.50 and outstanding compensatory equity awards $M 300 7.5 80 387.5 34#35Attractive Valuation ($ Mill.) $3,196 $807 1.8x-7.1x 2025E Revenue Implied Future Enterprise Value $1,284 HELBIZ $324 Discount Rate: 20% 1.8x-7.1x 2025E Revenue Implied Discounted Enterprise Value Implied EV Based on Comparable Companies Current Trading Values $321 .7x 2025E Revenue Post Money Enterprise Value Transaction Value = 80% Discount = 50% Discount Summary of Approach Applies a range of 1.8x - 7.1x multiples to Helbiz 2025E Revenue to arrive at an Implied Future Enterprise Value. That Future Enterprise Value is discounted 5 years back to today to arrive at an Implied Current Enterprise Value. ● • The applied range of multiples is centered around the median of Helbiz peer group (3.6x) with sensitivity built on both the high and low ends. • Revenue multiple is the appropriate valuation approach based on how industry is valued and based on available data. 35#36Comparable Company Benchmarking Helbiz pro forma valuation at a substantial discount to its public peers HELBIZ 4.0x 1.9x HELBIZ 5.4x Ride Sharing 4.1x Uber Note: revenue multiples as of January 14th 2021. 4.1x 3.0x lyn 6.9x 5.7x facebook 2021 22.5x Advertising 16.8x 18.2x 2022 13.7x Pinterest Google 5.2x 4.5x SnapChat 3.7x Delivery 3.1x GRUBHUB 13.4x 10.7x DOORDASH 36#37Precedent Transaction Analysis Helbiz has proven capital efficiency HELBIZ Helbiz Link Voi Tier Lime CityScoot Bird Dott Wind HQ 些 Total Funding $31M $79M $388M $381M $935M $96M $623M $57M $72M Latest Funding $6M $60M $160M $250M $170M¹ $26M $75M $34M $50M Lead Investors copernicus edisonpartners RAINE SoftBank Uber DEMETER citi SEQUOIA EQT SOURCE CODE CAPITAL Allianz CDPQ prosus HV CAPITAL Licenses Countries 29 12 50 80 86 4 82 15 22 3 .. 3 11 10 29 3 14 5 10 1 Sources: Crunchhbase, Pitchbook, Techcrunch, Reuters, Dealroom, The verge. Note: 1. Funding round done at the height of the COVID-19 pandemic for liquidity purposes. 1 .J 1 .. 1 Vehicle Type बैठ ब्यु 37#38Operating Metrics Projections CAGR: 46.8% 2021-25E 60 12 15 33 2021E HELBIZ 112 45 31 38 2022E Italy Licenses 214 78 47 43 2023E USA 249 111 63 48 2024E Other ¹ 279 146 80 53 2025E CAGR: 31.0% 2021-25E 32,550 2,000 8,200 21,750 2021E Note: 1 Other countries including Spain, France, Greece, UK, Serbia, Canada 34,300 2022E Vehicles 48,338 55,450 5,838 8,200 Scooter 78,213 14,563 8,200 2023E Bike 86,025 16,075 9,950 60,000 2024E Moped 95,863 17,663 9,950 68,250 2025E CAGR: 31.0% 2021-25E 23M 2M 6M 16M 2021E 35M 4M 6M 25M 2022E Scooter Rides 56M 10M 6M 40M 2023E Bike 62M 12M 7M 43M 2024E Moped 69M 13M 7M 49M 2025E 38#39Financial Projections Rapid growth at scale and improving profitability CAGR: 53.9% 2021-25E $80M $64M 2021E HELBIZ $165M $20M $18M $126M 2022E Mobility Revenue ² $290M $32M $30M $228M 2023E Ads $376M $40M $53M $282M 2024E New Verticals $449M $47M $69M $333M 2025E CAGR:67.5% 2021-25E 42% $34M 2021E 46% $75M 2022E Gross Profit Gross Profit 49% $143M 2023E 55% $206M 2024E -Profit Margin $264M 59% 2025E CAGR: 95.0% 2021-25E 16% $13M 2021E 27% $45M 2022E 3 EBITDA ³ EBITDA Note: 1 B2B & Insurance 2 These projections assume an anticipated resolution to the COVID-19 situation and the resulting economic benefits. 3 Non-GAAP numbers. 33% $95M 2023E 39% $145M 2024E EBITDA Margin $190M 42% 2025E 39#40Revenue bridge from FY2020 to FY2021E Of the $80M in revenue FY2021E, $44M are generate from existing licenses and $25M from new licenses 4M FY2020 18M 26M Revenues Italy Revenue from existing licenses Revenue from new licenses 7M 5M 8M USA Other 1 Ads & New Verticals Total 16M HELBIZ Note: 1 Spain & Greece 2 Based on unaudited financials of the company 80M FY2021 Italy USA Other Total Total vehicles FY2020 5,750 2,450 8,200 Vehicle Rollout Vehicles deployed in existing cities 13,300 6,700 20,000 Vehicles deployed in new cities 5,450 2,500 4,600 12,550 Total vehicles FY2021 18,750 9,200 4,600 32,550 40#41Financial Summary in million $ HELBIZ Vehicles Revenue % Growth Gross Profit % Margin EBITDA¹ % Margin Growth Capex % Revenue Note: ¹ Non-GAAP numbers. 2021E 32,550 $80M $34M 42% $13M 16% $18M 23% 2022E 48,338 $165M 105% $75M 46% $45M 27% $17M 10% 2023E 78,213 $290M 76% $143M 49% $95M 33% $36M 12% 2024E 86,025 $376M 29% $206M 55% $145M 39% $35M 9% 2025E 95,863 $449M 20% $264M 59% $190M 42% $46M 10% 41#42Launch Playbook Real Case Study based on Tier 2 city Pescara, Italy (Population: 375,000) In thousands $ 4 weeks to launch Clear path to profitability Infrastructure $0 $ 21 HELBIZ W-4 0 $0 Operating Profit Margin Recruiting $2 W-3 0 1 COGS not including depreciation $0 Warm Up $2 W-2 0 $0 Safety $5 W-1 0 $21 Launch $39 Week 0 (launch) -86% Revenue COGS 11 Trips $62 $61 Week 1 2% 43 Scale $ 109 $84 Week 2 23% 72 $ 166 $ 105 Week 3 37% 102 $228 $128 Week 4 44% 134 42#43Operational unit economics breakdown Break-even analysis with 250 vehicles 100% $ 30,511 Revenue -2% -8% Sim Cards -2% Insurance Sales Commissions -4% -25% Charging electricity HELBIZ Note: % of COGS -7% Scooter refurbishment Warehouse Rent Days of rental in a month. Rides per day Avg ride length Unlock price Price per minute Daily Revenue per scooter Monthly revenue per scooter # Vans # drivers # mechanics -7% Vans rent & fuel Key stats per vehicle -20% -7% Payroll drivers -20% Payroll mechanics 25 2 rides 4.8 min $1.00 $0.30 $4.88 $122.05 2 3 1 Breakeven Depreciation scooters Contribution margin analysis with 750 vehicles $ 201,563 Revenue -2% Sim Cards -19% -2% Insurance Sales Commissions -4% -26% Charging electricity -2% Scooter refurbishment Days of rental in a month Rides per day Avg ride length Unlock price Price per minute Daily Revenue per scooter Monthly revenue per scooter # Vans # drivers # mechanics Warehouse Rent Key stats per vehicle -5% -14% Vans rent & fuel -5% Payroll drivers -22% Payroll mechanics 25 2.5 rides 11 min $1.00 $0.30 $10.75 $268.75 4 6 2 $115,225 Contribution Margin Depreciation scooters 43#44Case Studies HELBIZ 44#45HELBIZ Washington D.C., USA Seamlessly connecting suburbs with the Capital Awarded a permit to operate a fleet of 1,500 e-bikes Continues to serve the local community during the COVID-19 pandemic Operates in neighboring cities of Alexandria and Arlington, Virginia 3,700 2x Vehicles permitted Larger permitted fleet than competitors Growth first 8 months Trips Users 544,953 290,522 10/8 10/29 11/19 12/10 12/31 1/21 2/11 3/4 3/25 4/15 5/6 45#46aco Switzerland HELE 9:41 r Amount €25 Liechtenstein HELI (4 ESSELUNGA HE ▶ PER **** Cash Top-up Load credit onto your Helbiz Wallet through local partners. Have the cashier scan your Barcode, pay the amount due and automatically receive in-app credit. Affiliated Points of Sale SA MERE 0108055348513615211092081114220307299 ento Number 334 2321324 Carrefour ( Find nearest point of sale (max) LOTTOMATICA PUNTOLIS Top-up your Helbiz Wallet in all Esselunga, Iper, Carrefour, Lottomatica, Puntolis and Mondadori points of sale in Italy. MONDADORI Ja STORE ma MEL and WELRIE WEL <f> <P> MIN **** WEL Chioggia *** *E C ***** WELT W Seamlessly transitioning cash payments to a digital world Bridging high-tech solutions and traditional behavior Partners with EPAY, a Euronet Group Company, to gain access to >50,000 physical points of sale for existing services of the Helbiz Ecosystem (Helbiz Mobility, Helbiz Kitchen, Helbiz Insurance and Helbiz Transit) Creates a diversified network of affiliated points of sale to maximize coverage and reach: (Market-leading supermarket chains, Network of local Bars, Bookstore chains, Local direct affiliates and distributors) 2021 Key Objective: To expand our affiliated point of sale network to >100,000 in Italy and leverage the same partners to the U.S. for global coverage and uniform sale strategy. +50,000 Cash Top-up Locations a Sera - Italia peggio di Burundi ed Azerbaijan per l'uso delle carte (2020) 86% Of All Italian transactions are paid with physical currency 27% Of Italians have a Credit Card 46#47Find us on the News Find more on helbiz.com/newsroom PAR FORTUNA CON INSTAGRAM CACCIATORI DI CAMPIONI SPECIALE Forbes COVER STORY Dove va la smart mobility MONOPATTINI BIL MOTO E AUTO ELETTRICHE MUOVERSI NELLE CITTÀ DEL FUTURO UNDER 39 EDUCATION L'ARCHA DELLA SOSTENIBILITA Classifiche HELBIZ HELBIZ LE STRADE ALLEY DALLE TALIAN VALL SILICONA DI HELBIZ Forbes M. 10 FOCUS NUOVI STRUMENTI COMUNICAZIONE MERDE AZ FRANCHISING IL MONOPATTINO DI HELBIZ CONQUISTA IL MONDO yahoo.finance Helbiz Launches E-Scooters in Washington, DC Helbiz, a global leader in micro-mobility, has launched a fleet of innovative new e-scooters on the streets of Washington, DC. RETAR OPPORTUNITA STENPERA RECERELATE TC TechCrunch As Europe slowly unlocks, e-scooter startups, like Helbiz, are wooing with offers To boost its initiative, Helbiz has partnered with the Italian government's COVID-19 Task Force. ECNL Dead to Me HELBIZ ROMA SUDY BORSA RUOTE Nasdaq HELBIZ Ballad P HELBIZ Forbes THE WALL STREET JOURNAL. TC TechCrunch CORRIERE DELLA SERA Il Sole 24 ORE BBC The Washington Post IHUFFPOSTI WIRED Entrepreneur 47#48Why the future belongs to Helbiz Key Investment Highlights 1 An Established Market Leader - A well-known brand with deep market penetration 2 A New Regulatory Landscape - Benefitting Helbiz, an experienced and reputable operator with a strong pipeline of licenses 3 Multiple Revenue Streams - Less dependent on rental income 4 A Proven Business Model - Compelling unit economics and clear path to profitability in 2021 5 Market Leading Technology - Our proprietary technology platform 6 An Innovative Multimodal Platform - Broadened reach, value proposition and city integration 7 In-house Operations - A higher level of control over service quality and offerings 8 Multiple catalysts ahead - New licenses expected to be signed in 2021 9 Attractive valuation - Proforma 1.9x 2022 EV/revenue, 7.1 x 2022 EV/EBITDA 10 Transaction includes anticipated $30 million PIPE - Anchored by institutional investors and Helbiz shareholders rolling 100% of their equity HELBIZ 48#49HELBIZ HELBIZ 黃簧等