#1view#22 Disclaimer General This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. The information contained in this presentation (this "Presentation") has been prepared to assist interested parties in making their own evaluation with respect to the proposed transaction (the "Transaction") between CF Finance Acquisition Corp. II ("CFII") and View, Inc. ("View"), and for no other purpose. This Presentation is subject to updating, completion, revision, verification and further amendment. None of CFII, View, or their respective affiliates has authorized anyone to provide interested parties with additional or different information. No securities regulatory authority has expressed an opinion about the securities discussed in this Presentation and it is an offense to claim otherwise. The information contained herein does not purport to be all-inclusive. Nothing herein shall be deemed to constitute investment, legal, tax, financial, accounting or other advice. Confidentiality The purpose of this Presentation is to provide information to assist in obtaining a general understanding of CFII, View and the Transaction. This information is being distributed to you on a confidential basis. By receiving this information, you and your affiliates agree to maintain the confidentiality of the information contained herein and that no portion of this Presentation may either be reproduced in whole or in part and that neither this Presentation nor any of its contents may be given or disclosed to any third party without the express written permission of CFII and View and that the information contained herein is subject to the terms of any confidentiality agreement entered into with CFII and View. Any reproduction or distribution of this Presentation, in whole or in part, or the disclosure of its contents, without the prior written consent of CFII and View is prohibited. By accepting this Presentation, each recipient agrees: (i) to maintain the confidentiality of all information that is contained in this Presentation and not already in the public domain, and (ii) to use this Presentation for the sole purpose of evaluating the Transaction. Forward-Looking Information This Presentation contains certain forward-looking statements within the meaning of the federal securities laws with respect to the Transaction, including statements regarding the anticipated benefits of the Transaction, the anticipated timing of the Transaction, future financial condition and performance of View and expected financial impacts of the Transaction (including future revenue, pro forma enterprise value and cash balance), the satisfaction of closing conditions to the Transaction, the PIPE transaction, the level of redemptions of CFII's public stockholders and the products and markets and expected future performance and market opportunities of View. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "scales," "representative of," "valuation," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this Presentation, including but not limited to: (i) the risk that the Transaction may not be completed in a timely manner or at all, which may adversely affect the price of CFII's securities, (ii) the risk that the Transaction may not be completed by CFII's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CFII, (iii) the failure to satisfy the conditions to the consummation of the Transaction, including the approval of the merger agreement by the stockholders of CFII, the satisfaction of the minimum trust account amount following any redemptions by CFII's public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the Transaction, (v) the inability to complete the PIPE transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vii) the effect of the announcement or pendency of the Transaction on View's business relationships, operating results, and business generally, (viii) risks that the Transaction disrupts current plans and operations of View, (ix) the outcome of any legal proceedings that may be instituted against View or against CFII related to the merger agreement or the Transaction, (x) the ability to maintain the listing of CFII's securities on a national securities exchange, (xi) changes in the competitive and regulated industries in which View operates, variations in operating performance across competitors, changes in laws and regulations affecting View's business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Transaction, and identify and realize additional opportunities, (xiii) the potential inability of View to increase its manufacturing capacity or to achieve efficiencies regarding its manufacturing process or other costs, (xiv) the enforceability of View's intellectual property, including its patents and the potential infringement on the intellectual property rights of others, (xv) the risk of downturns and a changing regulatory landscape in the highly competitive industry in which View operates, and (xvi) costs related to the Transaction and the failure to realize anticipated benefits of the Transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the registration statement on Form S-4 discussed above and other documents filed by CFII from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and View and CFII assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither View nor CFII gives any assurance that either View or CFII, or the combined company, will achieve its expectations. Financial Information The financial and operating forecasts and projections contained herein represent certain estimates of View as of the date thereof. View's independent public accountants have not examined, reviewed or compiled the forecasts or projections and, accordingly, does not express an opinion or other form of assurance with respect thereto. Furthermore none of View or its management team can give any assurance that the forecasts or projections contained herein accurately represents View's future operations or financial condition. Such information is 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. Accordingly, there can be no assurance that the prospective results are indicative of the future performance View or that actual results will not differ materially from those presented in these materials. Some of the assumptions upon which the projections are based inevitably will not materialize and unanticipated events may occur that could affect results. Therefore, actual results achieved during the periods covered by the projections may vary and may vary materially from the projected results. Inclusion of the prospective financial information in these materials should not be regarded as a representation by any person that the results contained in the prospective financial information are indicative of future results or will be achieved. Use of Non-GAAP Financial Matters This Presentation includes certain forward-looking non-GAAP financial measures with respect to View's expected future performance. These non-GAAP measures are an addition, and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of our liquidity. Not all of the information necessary for a quantitative reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is available without unreasonable efforts at this time. View believes that these forward-looking non-GAAP measures of financial results provide useful supplemental information about View. View's management uses these forward-looking non-GAAP measures to evaluate View's projected financial and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore View's non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Industry And Market Data This Presentation has been prepared by View and includes market data and other statistical information from third-party sources. Although CFII and View believes these third-party sources are reliable as of their respective dates, none of CFII, View, or any of their respective affiliates has independently verified the accuracy or completeness of this information. Some data are also based on View's good faith estimates, which are derived from both internal sources and the third-party sources described above. None of CFII, View, their respective affiliates, nor their respective directors, officers, employees, members, partners, stockholders or agents make any representation or warranty with respect to the accuracy of such information. Additional Information and Where to Find It This Presentation relates to the Transaction. This Presentation does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. CFII intends to file a registration statement on Form S-4 with the SEC, which will include a document that serves as a prospectus and proxy statement of CFII, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all CFII stockholders. CFII also will file other documents regarding the Transaction with the SEC. Before making any voting decision, investors and security holders of CFII are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the Transaction as they become available because they will contain important information about the Transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by CFII through the website maintained by the SEC at www.sec.gov. The documents filed by CFII with the SEC also may be obtained free of charge upon written request to CF Finance Acquisition Corp. II, 110 East 59th Street, New York, NY 10022.. Participants in Solicitation CFII, View and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from CFII's stockholders in connection with the Transaction. A list of the names of such directors and executive officers and information regarding their interests in the business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph. view#3Transaction Summary 3 Transaction Highlights Transaction Size Valuation Capital Structure Ownership ● ● ● ● ● CF Acquisition Corp II (Nasdaq:CFIIU) is a publicly listed special purpose acquisition company with $500mm in cash to be deployed PIPE size of $300mm $1.6bn EV post-merger with a strong balance sheet Attractive valuation with unique technology, proven product, leading real estate customers and massive TAM Transaction provides an available $750mm to retire existing debt, fund operations and accelerate growth¹ No additional equity capital requirements expected between now and achieving free cash flow¹ ~59% existing shareholder equity roll over, -27% SPAC and founder shares, -14% PIPE investors Cantor Fitzgerald believes View, Inc. represents a unique opportunity to revolutionize the property technology industry with a proven product and a strong management team ¹Assumes no redemptions from CF Acquisition Corp II trust account view#4● ● Overview of Sponsor ● 4 Howard Lutnick Chairman and Chief Executive Officer Cantor Fitzgerald Joined Cantor Fitzgerald in 1983 and was appointed President and CEO in 1991. Named Chairman in 1996 Chairman and CEO of BGC Partners, Inc. (NASDAQ: BGCP), Executive Chairman of Newmark Group, Inc. (NASDAQ: NMRK) and Chairman and CEO of CF Finance Acquisition Corp. and CF Finance Acquisition Corp. Longest serving CEO of any U.S. Federal Reserve Primary Dealer Acquired Newmark Knight Frank in 2011 and created 4th largest US real estate services firm Cantor Fitzgerald, founded in 1945, is a leading Investment Bank led by a highly experienced executive team in Howard Lutnick, Chairman and CEO and Anshu Jain, President. Cantor is a leading SPAC franchise and the top SPAC underwriter in 2019 Cantor is the largest broker- dealer private partnership on Wall Street with over $300 trillion of financial transactions annually covering more than 5,000 fixed income and equities clients; Cantor is 1 of 24 Primary Dealers of U.S. Treasuries CANTOR Fitzgerald Cantor's Financial and Real Estate Services businesses have over 12,000 employees primarily across Cantor Fitzgerald, BGC Partners, Inc. (NASDAQ: BGCP) and Newmark Group, Inc. (NASDAQ: NMRK) Newmark Group, Inc. is a fast growing, full-service commercial real estate business with leading advisory and financing services and over 500 million square feet in property and facility management worldwide view#5Overview of View Executives LO 5 Dr. Rao Mulpuri Chairman Chief Executive Officer Built View from the ground up over the last 12 years Novellus Systems - President of Novellus Systems Japan VP/GM, Integrated Metals Business. Ph.D. and MS in Materials Engineering, Boston University BE, Mechanical Engineering, Manipal Institute of Technology Advanced Management Program, Harvard Business School 84 patents issued and applied Board memberships Executive board, Silicon Valley Leadership Group Advisory board, College of Engineering, Boston University Advisory board, Stanford CARE ● ● Vidul Prakash Chief Financial Officer 25 years of finance & operations experience scaling private and public companies SunPower Corporation - Chief Accounting Officer and CFO of the technologies business Honeywell, KPMG, Deloitte MBA, Columbia University BS, Chemical Engineering, Indian Institute of Technology Advisory board member Deming Center, Columbia University Graduate School of Business view#6Product Overview click here to watch - TINT LEVEL 1 HODE OVERRIDE 4:47M CONTROL 215 BDR 2 ZONE#7Investment highlights Huge addressable market Greater than $1 trillion annual market¹ Secular megatrends driving adoption ESG/climate change, human experience, health and wellness, smart buildings Disrupting an industry ripe for innovation Proprietary technology, multi-decade advantage and leadership Delighted customers, proven product benefits Proven health benefits, 10x return for owners, 60x return for tenants Dominant player in high growth market >80% market share2, 75M SF of installations and design wins. High barriers to entry 1,050 patents³, 12 years and $1 billion in R&D, precision manufacturing Highly attractive financial model High margin, high growth, significant economies of scale ¹Reflects potential addressable market for dynamic glass based on View's analysis of IHS Markit global construction data 2Reflects View's estimate of current dynamic glass market share based on View installs and publicly available records of competitor installs. ³Includes patents and patent applications view#8Humans are an outdoor species Everyone craves a view of the outdoors#9Source: 10% Time spent outside H ♥ U.S. Environmental Protection Agency. 1989. Report to Congress on indoor air quality: Volume 2. EPA/400/1-89/001C. Washington, DC. 8 90% Time spent inside buildings#10Glass is a magical material, it's a wall you can see through Excessive daylight causes heat and glare FIRDA#11Nobody likes blinds Block views Trap heat Collect dust and germs - Source: 59% of the entire window area is covered by blinds Urban Green Council, the U.S. Green Building Council of New York, December 2013 LLL MUSEUM OF OBSOLETE TECHNOLOGY Jim. 1:51 "Look kids! In the old days they used these things to keep sunlight out of buildings. It's called a 'blind'."#12View responds intelligently to the environment 12 view 118 BETON Executive Conference Roam West Wing Accounting Intelligen Smart Glass Semiconductor nano-coating ● Network ● ● Intelligent tinting Individually IP addressable Software ● Processing and compute High bandwidth data Wired power Predictive algorithms Remote management • iOS and Android app ● view#13Select customers 13 Workplace CenturyLink FedEx Google Hewlett Packard Enterprise INDEPENDENT BANK NETFLIX REGENERON Uber Healthcare H Alberta Health Services erlanger Medical Group 1+ HUMBER RIVER HOSPITAL inding KAISER PERMANENTE Methodist Le Bonheur Healthcare Stanford HEALTH CARE Education ASTARIZONA STATE 989 Duke UNIVERSITY East Carolina ANIVEBRITY Oregon State University UMASS UNIVERSITY OF TORONTO Airports bostonlogan Charlotte Douglas INTERNATIONAL AIRPORT DFW LGA DALLAS F IN ERNA IONAL AIRPORT LAGUARZIA AIRPURI TAKE OFF WITH US Memphis PKL AL PROS **: O'HARE INTERNATIONAL AIRPORT SFO Real Estate BainCapital REAL ESTATE CALSTRS. P GREYSTAR The Durst Organization J.P. Morgan nuveen A TIAA Company Olx FIORID PORTMANHOLDINGS Principal SCHNITZER WEST TAVISTOCK -GROUP- TRS AVENT SYSTEM OF TEGAS Trammell Crow Company USAAⓇ view#14Customer Experiences - click here to watch#15First 'complete product' defines an industry 15 Apple ● ● Durable touch display User friendly Integrated camera App store Tesla ● >300-mile range Safe family car Super charging stations Superior driving experience View ● ● ● Product performance Highly durable User experience Ease of installation view#16Journey to 'complete product' 2012 ● ● Gen 1 ● 16 Initial manufacturing scale up 75 patents Successful completion of 50-year lifetime 5' x 10' panels manufactured Patents include issued patents and patent applications 2013 ● Gen 2 ● Larger panels, improved clear color 100 patents Manufacturing scaled First large project shipped 2015 Gen 3 ● 300 patents Largest panel size: 6' x 10' Reduced amber color • Optimized glare control: 0.5% ● Improved tint color neutral 2020 ● ● Gen 4 ● 1,050 patents Gray/neutral color product 'High-Definition' clarity AI/ML algorithms Glass break sensor Ready for mainstream view#17Building a sustainable future architecture Buildings generate more GHG emissions than the entire transportation industry¹ 2030 Accelerating demand for net zero buildings driven by corporate ESG and government regulation Growing number of LEED certified projects² Cumulative total LEED Certified Projects 17 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 2000 2001 U.S. GREEN BUL BUILDING LEED CERTIFIED USGBC 2002 2003 NG COUNCIL 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sustainability benefits with View 20% HVAC and lighting energy savings3 10% Peak energy reduction³ 12018 Global Status Report, Global Alliance for Buildings and Construction. 2USGBC global public records. 3Representative efficiency analysis for a typical View installation view#18DW Improving human health and productivity LATES 18 Cornell University SUNY The State University of New York I ILLINOIS UNTY ULUNOS AT URNA CHANPAON 51% Reduced eyestrain¹ 37 mins More sleep3 63% Fewer headaches¹ 42% Higher cognitive ability3 ᎾᎾ 77% Less likely to report depression² 21% Increased productivity4 ¹ Cornell University. Hedge A and Nou D. (2018). Worker Reactions to Electrochromic and Low-E Glass Office Windows. Ergonomics International Journal, 2(7): 000167. DOI: 10.23880/eoij-16000166. 2 University of Illinois Urbana-Champaign and SUNY Upstate Medical University. Woo M, MacNaughton P, Lee J, Tinianov B, Satish U, Boubekri M. Impact of Daylight and Views on Physical and Emotional Wellbeing of Office Workers. Journal of Environment & Behavior, In Press. 3 University of Illinois Urbana-Champaign and SUNY Upstate Medical University. Boubekri M, Lee J, MacNaughton P,Woo M, Schuyler L, Tinianov B, Satish U. The Impact of Optimized Daylight and Views on Sleep Duration and Cognitive Performance of Office Workers. International Journal of Environmental Research and Public Health, 2020, 17(9). 4 University of Illinois Urbana-Champaign and SUNY Upstate Medical University. MacNaughton P, Woo M, Tinianov B, Boubekri M, Satish U. Economic Implications of Access to Daylight and Views in Office Buildings from Improved view Productivity. Journal of Applied Social Psychology, In Press. Researchers derived productivity results from cognitive scores and US Department of Labor salary source data. Note: Authors include View employees.#19Delivering attractive ROI to developers and tenants 19 Value creation for developer View premium¹ Blinds elimination, HVAC downsizing Net investment Rent increase Building area Increase in NOI Cap rate Value creation $5,200,000 ($2,140,000) $3,060,000 $3/SF 500,000 SF $1,500,000 5% $30,000,000 10x return on investment Value creation for tenant ($1.5M) $3.3M Incremental rent Space utilization, energy and maintenance 60X benefits $87.5M ¹ View premium = Total cost of View ($6M) + Installation cost ($0.4M) - Cost of traditional glass($1.2M). 100K SF of Glass; 21% productivity benefit of View. Representative of a typical View installation. Productivity view#20Triple bottom line 20 People Proven health and wellness 51% Reduced eyestrain and headaches¹ 37 min More sleep² Planet Sustainable and efficient 20% Energy savings 10% More usable space E FIR DO 400 100 100 30% 40400 %0 Profit 100 $pr Productivity and asset value $5% $ G 40 400 21% Higher productivity3 100% NNOTATION SODITION BRANDING Higher rent and asset value EAS MARKETING SUCCESS MANAGMENT ¹ Cornell University. Hedge A and Nou D. (2018). Worker Reactions to Electrochromic and Low-E Glass Office Windows. Ergonomics International Journal, 2(7): 000167. DOI: 10.23880/eoij-16000166. 2 University of Illinois Urbana-Champaign and SUNY Upstate Medical University. Boubekri M, Lee J, MacNaughton P,Woo M, Schuyler L, Tinianov B, Satish U. The Impact of Optimized Daylight and Views on Sleep Duration and Cognitive Performance of Office Workers. International Journal of Environmental Research and Public Health, 2020, 17(9). 3 University of Illinois Urbana-Champaign and SUNY Upstate Medical University. MacNaughton P, Woo M, Tinianov B, Boubekri M, Satish U. Economic Implications of Access to Daylight and Views in Office Buildings from Improved view Productivity. Journal of Applied Social Psychology, In Press. Researchers derived productivity results from cognitive scores and US Department of Labor salary source data. Note: Authors include View employees.#21Significant investment and progress in scale-up 21 Olive Branch, MS panel manufacturing 1.3 million SF facility Scales to $1 billion annual revenue $400 million invested to date Robust process resulting in high yield 12 million data points collected on each panel 12 www.w CO#22Manufacturing - click here to watch#23Targeting greater than $1 trillion opportunity North America building window glass consumption (Billion SF) 23 2 2020 $120B¹ TAM 2.2 2025 2.5 2030 Global building window glass consumption (Billion SF) ¹Reflects potential addressable market for dynamic glass based on View's analysis of IHS Markit global construction data 20 2020 $1.2T¹ ΤΑΜ 22 2025 Historically, products reach 5% adoption in 3-10 years 25 2030 view#24Tailwinds/Industry Trends 24 Sustainability ● ● Human Experience Humans spend 90% of time inside buildings Inside-out vs Outside-in ● Health and Wellness Healthier buildings for physical and mental wellbeing Awareness in post-COVID environment ● ● Corporate/Investor ESG trends Regulation Smart Buildings Intelligent, connected buildings Edge computing, user experience ● ● 2334926 MAIN#25View becoming mainstream Real estate ecosystem being converted 25 Compelling product Strong value proposition delivering on health, productivity and asset value Customer obsession Strong customer advocacy, end-user driven stickiness Owner and C-level relationships Industry leaders embracing View technology Execution at scale Manufacturing capacity, direct sales, market footprint Ecosystem experience Top general contractors, glaziers and architects built with View WELL#26View has built a strong delivery ecosystem Construction stakeholders that have designed with and installed View 26 Architects 9 of Top 10 General Contractors 8 of Top 10 Glaziers 9 of Top 10 Architect Source: Building Design+Construction's 2019 Giants 300 Report; GC Source: Engineering News Record Top 400 Contractors 2020 List; Glazier Source: Glass Magazine's Top 50 Glaziers List 2020 view#27View is installed in all major markets in North America 27 Vancouver Seattle San Francisco Los Angeles Salt Lake City San Diego Denver Dallas Austin Memphis Chicago Toronto Washington DC Charlotte Atlanta Orlando Boston New York view#28View is the market leader in smart glass 28 Cumulative Smart Glass Design-Wins, $M $500M $250M $OM 2016 2017 2018 2019 2020 YTD View design-win backlog¹: $560M 23M SF of buildings across 500+ projects 52M SF of buildings in progress across 250+ projects >80% Market share² ¹Design-wins: View products designed into customer building with signed letter of intent that includes quantity, price and delivery date. 2Reflects View's estimate of current dynamic glass market share based on View installs and publicly available records of competitor installs. view#29Design-win backlog exceeds revenue required to achieve profitability 29 Targeted Opportunity Design-win backlog $560M + Sales pipeline $1.7B Design-win: View designed into customer building with LOI including quantity, price and delivery date Projected Revenue $75M 2021 (E) $216M 2022 (E) view#30High barriers to entry 30 Technology leadership 1,050 patents 365 patents issued. 685 patent applications 12 years of R&D Complete product Hardware, controls, software Execution at scale End-to-end ownership Vertically integrated $1.8B Net capital invested. $400M Invested in manufacturing Market position 75M SF Buildings installed and committed Direct relationships With building owners and C-level Top 20 North America markets with View dedicated teams view#31Target Financial Model Revenue Growth (Year over Year) Gross Margin R&D SG&A Operating Margin 31 >100% 65% 10% 15% 40% ● ● ● ● ● ● 127% CAGR over next 5 years supported by a large TAM, growing design wins, repeat business and strong pricing High gross margins driven by economies of scale, improving factory metrics and purchasing efficiencies Significant investment in next generation products to maintain competitive advantage Supporting investments in SG&A to drive massive global adoption and profitability Strong pricing and high gross margins at scale Significant operating leverage with growth Industry leading operating margins view#32Revenue ($M) Strong growth powers a highly profitable business $2,000 $1,600 $1,200 $800 $400 32 $0 Revenue Growth 2020 to 2025 $31 $75 $216 $470 $949 <1% TAM $1,892 2020(E) 2021(E) 2022(E) 2023(E) 2024(E) 2025(E) Margins (%) Path to High Margins Contribution Margin (%) Gross Margin (%) ■EBITDA Margin (%) 50% 0% 2020(E) Positive contribution margin today 2021(E) Gross Margin+ 2022(E) High Long-Term Margins EBITDA+ 2023(E) 2024(E) 2025(E) 2025 Forecast 73% Contribution Margin 59% Gross Margin 39% EBITDA Margin view#33Factory economies of scale Fixed costs: labor, overhead, depreciation Capacity utilization Automation Labor productivity COGS/SF Indexed to 2020 100% 33 0% 2020(E) 2021(E) Fixed Costs/SF 2022(E) Variable Costs/SF Variable costs: materials, freight, warranty Product standardization Improved factory yield Purchasing efficiencies ● ● 2023(E) Total Costs/SF 2024(E) Gross Margin (%) 59% Gross Margin 2025 2025(E) 100% 75% 50% 25% 0% view#34Summary Financials Revenue % YoY Growth Contribution Margin % of Revenue % YoY Growth Gross Profit % of Revenue OPEX SG&A % of Sales R&D % of Sales EBITDA % of Revenue 34 Forecasts exclude stock-based compensation 2020(E) $31 $1 2% ($87) $62 $66 ($192) 2021(E) $75 138% $35 47% ($52) $65 $70 ($162) 2022(E) $216 189% $146 67% $40 18% $74 34% $76 35% ($82) 2023(E) $470 117% $333 71% 129% $201 43% $85 18% $99 21% $64 14% 2024(E) $949 102% $668 70% 101% $434 46% $139 15% $124 13% $253 27% 2025(E) $1,892 99% $1,379 73% 106% $1.113 59% $278 15% $190 10% $735 39% view#35Pro forma equity ownership (US $ in Millions, Unless Otherwise Stated) Sources & Uses Sources SPAC Cash in Trust PIPE Capital View Rollover Equity Total Sources ● Uses $500 View Rollover Equity $300 35 $1,254 $2,054 Payment of Debt Like Items Deal Expenses Cash to Balance Sheet Total Uses $1,254 $277 $50 Commentary on Use of Proceeds Proceeds from the transaction will be used to retire debt and to add cash to View's balance sheet for working capital, growth capex and other general corporate purposes. The transaction is expected to announce in November 2020. $473 $2,054 Pro Forma Valuation Pro Forma Shares Outstanding Equity Value Cash Debt Enterprise Value Pro Forma Ownership 59% 23% 4% 14% SPAC Public SPAC Founders PIPE View 214 $2,140 $(528) $15 $1,628 Assumes no redemptions from CF Acquisition Corp II trust account and assumes new shares issued at a price of $10.00. Pro forma share count includes 50.0mm SPAC shares, 1.1M SPAC Founder Private Placement shares, 7.5mm SPAC founder shares, 30.0mm PIPE shares and 125.4mm shares to existing View shareholders (includes current View options and warrants based on treasury stock method). Excludes impact of 17.0mm warrants with a strike price of $11.50, impact of 5.0m deferred Founder Shares, which will be subject to a stock-price based earn-out (2.5mm at $12.50, 1.25mm at $15.00 and 1.25mm at $20.00) and impact of management equity earnouts, incentive awards and public company share plan as detailed in appendix. Cash estimated as of Q4 2020, excluding potential redemptions from existing SPAC shareholders. view#36Transformation of large industries 36 Market Leaders Retail amazon 14% Market share $1.5T Market capitalization Transportation. Uber 4% Market share $65B Market capitalization Automobile TESLA 1% Market share $400B Market capitalization ¹Reflects potential addressable market for dynamic glass based on View's analysis of IHS Markit global construction data Real Estate view <1% Market share¹ view#37Applications on View Smart Building Platform View Applications Smart Building App Store 37 /// Transparent Displays 4 Digital Twin Building, Sensors, Network Nodes Power 24v DC Personalized Health + 모 View OS Distributed Containers Edge Computing Digital Security TLS v1.2, 128AES-256SHA Crypto View Network OT Network Data Gbps Linear Coax Ethernet, Fiber + View Smart Glass | Digital Skin www 5G 5G Connectivity Al/Machine Learning RNN, MRT, AER, TLSG, RTLS Compute x86 & ARM cores, GB RAM, TB SSDs view#38New Products click here to watch — Rao Mulpuri CEO VIEW#39View intrinsic value significantly above transaction value Comparable Valuation Sensitivity Analysis ~80% discount to relative valuation 39 Transaction Value $8.9bn midpoint $1.6bn Pro Forma Enterprise Value $10.6bn $7.1bn 20.0x - 30.0x 2025 EBITDA¹ Enterprise Value Discounted Back 4 Years at 20% Discount Rate 2025E EBITDA: $735 million ¹ Range of multiples reflects data from selected publicly traded comparable companies $13.3bn $5.3bn +/- 25% EBITDA Summary of Approach Applies a range of multiples to View's 2025E EBITDA ($735 million) to arrive at an implied future Enterprise Value. The future Enterprise Value is discounted back to December 31, 2020 at 20% to arrive at an implied discounted Enterprise Value. Current valuation provides opportunistic entry point view#40Investment highlights Huge addressable market Greater than $1 trillion annual market¹ Secular megatrends driving adoption ESG/climate change, human experience, health and wellness, smart buildings Disrupting an industry ripe for innovation Proprietary technology, multi-decade advantage and leadership Delighted customers, proven product benefits Proven health benefits, 10x return for owners, 60x return for tenants Dominant player in high growth market >80% market share², 75M SF of installations and design wins. High barriers to entry 1,050 patents³, 12 years and $1 billion in R&D, precision manufacturing Highly attractive financial model High margin, high growth, significant economies of scale ¹Reflects potential addressable market for dynamic glass based on View's analysis of IHS Markit global construction data 2Reflects View's estimate of current dynamic glass market share based on View installs and publicly available records of competitor installs. ³Includes patents and patent applications view#41Consolidated Balance Sheet (in thousands) 41 Assets Current assets Cash and cash equivalents Short term investments Accounts receivable Inventories Prepaid and other current assets (1) Total current assets Property and equipment, net Restricted cash Other assets Total assets Liabilities, redeemable convertible preferred stock and stockholders' equity Liabilities Accounts payable Accrued compensation Deferred revenue Debt Redeemable convertible preferred stock warrant liability Other liabilities Total liabilities Redeemable convertible preferred stock (2) Stockholders' equity Common stock (3) Additional paid-in capital Accumulated deficit Total View stockholders' deficit Total liabilities, redeemable convertible preferred stock and stockholders' deficit Sept 30, 2020 $109,089 8,533 6,021 7,692 131,335 289,433 10,450 2,780 $433,998 $7,985 13,871 169 262,418 21,775 67,818 $374,036 1,812,678 7 83,195 (1,835,918) (1,752,716) $433,998 Year Ended December 31 2019 $138,218 32,866 12,147 7,049 31,925 222,205 278,595 8,456 5,192 $514,448 $18,489 9,233 1,197 163,376 19,479 63,814 $275,588 1,812,724 7 60,349 (1,634,220) (1,573,864) $514,448 2018 $126,545 7,336 3,806 6,957 144,644 131,980 9,633 47,917 $334,174 $10,584 9,893 1,075 57,010 21,228 35,248 $135,038 1,512,915 6 30,531 (1,344,316) (1,313,779) $334,174 (2) par value $0.0001, 9,652,026,330 shares authorized; 5,222,852,052, 5,223,031,714 and 4,541,213,532 shares issued and outstanding on September 30, 2020, December 31, 2019 and December 31, 2018, respectively (3) par value $0.0001; 11,303,106,892, 11,303,106,892 and 11,303,106,892 shares authorized on September 30, 2020, December 31, 2019 and December 31, 2018, respectively; 72,507,152, 71,000,340 and 59,127,606 shares issued and outstanding on September 30, 2020, December 31, 2019 and December 31, 2018, respectively The financial statement information and data of View contained herein have been derived from the financial statements of View that are currently subject to audit in accordance with the rules of the Public Company Accounting Oversight Board ("PCAOB") and may be updated or modified in the final audited financial statements in the proxy statement with respect to the meeting of CFII's stockholders relating to CFII's business combination with View and the related registration statement on Form S-4. Accordingly, such information and data may not be included in or may be presented differently in any proxy statement/prospectus or registration statement to be filed by CFII with the SEC. (1) Includes restricted cash of $1,000, $2,000 and $0 at September 30, 2020, December 31, 2019 and December 31, 2018, respectively view#42Consolidated Statements of Comprehensive Loss (in thousands) 42 Revenue Costs and expenses: Cost of sales (1) Research and development (2) Selling, general an administrative (3) (Gain) loss from legal settlement Total costs and expenses Loss from operations Other expenses, net: Interest and other income Interest and other expense Change in fair value of redeemable convertible preferred stock warrant liability Loss on extinguishment of debt Other expense, net Loss before provision of income taxes Provision for income taxes Net loss Other comprehensive loss Comprehensive loss YTD - Sept 30, 2020 $24,539 91,825 50,344 62,835 205,004 (180,465) 536 (19,442) (2,296) (21,202) (201,667) (31) (201,698) $(201,698) Year Ended December 31 (2) Research and development stock-based compensation was $3,971 in the nine months ending September 30, 2020 and $4,113 and $671 in 2019 and 2018, respectively (3) Selling, general and administrative stock-based compensation was $16,953 in the nine months ending September 30, 2020 and $21,879 and $4,934 in 2019 and 2018, respectively 2019 $24,324 179,674 77,696 72,904 (22,500) 307,775 (283,451) 5,593 (10,705) 1,749 (3,040) (6,402) (289,853) (51) (289,904) $(289,904) 2018 $20,175 142,646 33,655 81,219 20,708 278,228 (258,053) 167 (31,914) (80,338) (71,362) (183,447) (441,500) (441,500) $(441,500) The financial statement information and data of View contained herein have been derived from the financial statements of View that are currently subject to audit in accordance with the rules of the Public Company Accounting Oversight Board ("PCAOB") and may be updated or modified in the final audited financial statements in the proxy statement with respect to the meeting of CFII's stockholders relating to CFII's business combination with View and the related registration statement on Form S-4. Accordingly, such information and data may not be included in or may be presented differently in any proxy statement/prospectus or registration statement to be filed by CFII with the SEC. (1) Cost of sales stock-based compensation was $1,654 in the nine months ending September 30, 2020 and $3,084 and $578 in 2019 and 2018, respectively view#43Consolidated Statement of Cash Flows (in thousands) 43 Operating activities: Net loss Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization Loss on sale of property and equipment Loss on extinguishment of debt Change in fair value of redeemable convertible preferred stock warrant liability Accrued interest expense and amortization of debt discount Stock-based compensation Legal settlement Loss contingencies Changes in operating assets and liabilities: Net cash used in operating activities Investing activities: Purchases of property and equipment, other assets Proceeds from sale of property and equipment Purchase and maturities of short-term investments, net Net cash used in investing activities Financing activities: Proceeds from issuance of convertible notes Proceeds from draws related to lines of credit, net of issuance costs Repayment of debt obligations Payments of obligations under capital leases Proceeds from redeemable convertible preferred stock issuance, net of issuance costs Proceeds from exercise of common stock warrants, issuance of common stock upon exercise of stock options Payments made to repurchase redeemable convertible preferred stock Net cash provided by financing activities Net (decrease) increase in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, beginning of year Cash, cash equivalents and restricted cash, end of year Supplemental disclosure of cash flow information: Cash paid for interest Noncash investing and financing activities: Issuance of convertible redeemable preferred stock upon conversion of debt and accrued interest Change in accounts payable balance related to purchase of property and equipment Property and equipment acquired under capital lease Asset retirement obligations included in property and equipment YTD - Sept 30, 2020 $(201,698) 17,643 2,295 1,767 22,578 33,736 (123,679) (34,711) 32,866 (1,845) 100,000 (1,714) (1,118) 222 97,389 (28,135) 148,674 $120,539 $7,977 $(8,616) Year Ended December 31 2019 $(289,904) 24,379 3,040 (1,749) 3,523 29,076 (22,500) 24,471 (4,351) (234,015) (119,793) (32,866) (152,659) 145,981 (44,750) (2,613) 299,809 743 399,170 12,496 136,178 $148,674 $10,422 $7,921 $781 2018 $(441,500) 18,770 1,377 71,362 80,338 (2,673) 6,183 708 (44,709) (310,144) (65,937) 100 (65,837) 258,409 (401,498) (1,899) 796,638 1,265 (175,264) 477,651 101,670 34,508 $136,178 $72,169 401,046 $2,124 $3,035 $760 The financial statement information and data of View contained herein have been derived from the financial statements of View that are currently subject to audit in accordance with the rules of the Public Company Accounting Oversight Board ("PCAOB") and may be updated or modified in the final audited financial statements in the proxy statement with respect to the meeting of CFII's stockholders relating to CFII's business combination with View and the related registration statement on Form S-4. Accordingly, such information and data may not be included in or may be presented differently in any proxy statement/prospectus or registration statement to be filed by CFII with the SEC. view#44view#45Appendix GAN#46● Leadership Dr. Rao Mulpuri Chairman Chief Executive Officer Built View from the ground up over the last 12 years Novellus Systems, President of Novellus Systems Japan and VP/GM, Integrated Metals Business Ph.D. and MS in Materials Engineering, Boston University; Advanced Management Program, Harvard Business School 46 Vidul Prakash Chief Financial Officer 25 years of global finance and operations experience SunPower, Force 10 Networks, KPMG, Deloitte, Honeywell MBA, Columbia University; BS, Chemical Engineering 8 Rahul Bammi Chief Business Officer 25 years of P&L, Sales, Product, M&A, Business Strategy and Engineering experience Lumileds, KLA, Hynix, National Semiconductor, Motorola MBA, Stanford University. MS and BE, Chemical Engineering € Dr. Martin Neumann SVP of Operations 10+ years at View Leadership roles in technology, business development, customer success and operations scale up Ph.D., MS and BS in Nuclear Engineering, University of Illinois at Urbana-Champaign Nitesh Trikha SVP of Technology 24 years of software, networking, cloud products development experience Cisco, July Systems BS Computer Engineering, National Institute of Technology Karnataka view#47View Board of Directors Tom Cheung Partner, SoftBank Investment Advisors. Formerly: Deutsche Bank, Oakdale Capital, Insight Partners 47 Nigel Gormly Former Head, International Direct Investment, New Zealand Super Fund. Formerly: Fonterra Dr. Rao Mulpuri Chairman and CEO, View, Inc. Harold Hughes Former CEO, Rambus, wine.com, Pandesic. Former CFO of Intel Tom Patterson Managing Partner, Madrone Capital Partners. Formerly: Weston Presidio, McKinsey & Company Tom Leppert Former CEO, Kaplan, The Turner Corporation, Castle & Cooke Properties. Mayor of Dallas 2007-2011 Bill Veghte Former CEO, SurveyMonkey, COO, HP, SVP, Microsoft Windows view#48View Advisory Board Dr. Joseph Allen Director, Healthy Buildings Program, Harvard T.H. Chan School of Public Health Dr. Daniel Kraft Founder and Chair, Exponential Medicine, Stanford University School of Medicine 48 Dr. Toby Cosgrove Former President and CEO, Cleveland Clinic Tom Kinton Former CEO, Massachusetts Port Authority Dr. Deepak Chopra Author, wellness advocate, Chopra Foundation Gina Marie Lindsey Former Executive Director, Los Angeles World Airports Dr. Satyen Deb Inventor, Electrochromic Glass, Former Researcher, NREL Matt Rogers Co-Founder, Nest (Google), Senior Engineer, Apple Rick Fedrizzi CEO, International Well Building Institute, Former CEO USGBC Moe Tanabian Vice President, GM - Azure Edge Devices, Microsoft Jeff Fegan Former CEO, DFW International Airport Luis Vidal CEO, Luis Vidal + Architects view#49Post-Combination Incentive Based Compensation Plans ● ● ● Company Equity Incentive Plan • 15,000,000 shares, plus assumed existing stock plan of View, Inc. (31,131,907 issued and unissued) and shares attributable to Management Equity Earnout 49 Management Options Grant Under Company Equity Incentive Plan • 5,000,000 shares ● 4-year vesting with 25% cliff vesting on first anniversary of closing and monthly ratable vesting thereafter ● • Management Equity Earnout Plan 12,500,000 shares • 50% upon each of $15 and $20 trading price per share Earned shares to be granted under the Equity Incentive Plan as RSUS with 4-year vesting ● ● ● CEO Performance Stock Option Plan Vests 2,500,000 shares for each 100% increase in share price above $10 • Maximum of 25,000,000 over 10 years. ● ● ● Shares received upon exercise subject to an 18-month lock-up from vesting date View's CEO will not be eligible for new equity or equity-based awards for 2 years post-closing view#50Representative customer examples Regeneron Overstock.com ● Tech company HQ Employee productivity Humber River Hospital Patient experience Infection control Lifescience company HQ Innovation, sustainability, and health Greystar ● Multifamily residential Faster lease-up, higher income FedEx ● ● ● Logistics company Energy efficiency Health and wellness benefits Tavistock PC: USGBC View is fleet-wide design Differentiation with tech enabled experience ● DFW Airport The Durst Organization ● Airport wide retrofit Passenger experience 100% increase in concession sales ● PC: Tavistock NYC renovation Leasing differentiation in competitive market#51Representative case studies 51 SFO Airport ● ● $900K in capex savings Saved money on Day 1 Saves energy, reduces the carbon footprint and helps get LEED rating Schnitzer West ● ● H 12% higher rent than pro forma 926 tons of carbon emissions avoided $300K saved in HVAC downsizing Henbart LLC ● 16% higher rent after renovation $450K greater revenue $350K in capex savings view#52Representative case studies 52 ● ● BlueSky Properties JALA 10% more space utilization Widespread views of downtown Vancouver from every angle Employee health and wellbeing Overstock.com Company values 2% productivity increase at $2M/year Attracts and retains employees Boston Logan Airport Eliminated external louvers, mechanical sunshades, and fritted glass for clear views and capex savings Created a space for 40M passengers with no glare and maximum views view