#1goto Go Together, Go Far 2Q 2023 Results August 2023#2Disclaimer & Cautionary Statements Forward-Looking Statements This document may contain forward-looking information or forward-looking statements (collectively, "forward-looking information"). All information contained in this document that is not clearly historical in nature or that necessarily depends on future or subsequent events is forward-looking information prepared as of the date of this document is based upon the opinions and estimates of management as well as the information available to management as of the date of this document. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, expressions and phrases, including negative and grammatical variations thereof, or statements that certain events or conditions "may," or "will" happen, or by discussion of strategy. Forward-looking information is based upon a number of current internal expectations, estimates, projections, assumptions and beliefs that, while considered reasonable by management, are inherently subject to significant business, economic, competitive and other uncertainties and contingencies. Forward-looking information is not a guarantee of future performance and involves known and unknown risks, uncertainties and other factors (including the risks and uncertainties in the Company's consolidated financial statements and Management's Discussion & Analysis available on the Company's website), that may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by such forward-looking information. Any estimates, investment strategies or views expressed in this document are based upon current market conditions, and/or data and information provided by unaffiliated third parties, and are subject to change without notice. To the extent any information in this document was obtained from third party sources, the Company has not independently verified that information, and there is a risk that the assumptions made and conclusions drawn by the Company based on such information are not accurate. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on this forward-looking information and should not be viewed, in and of itself, as any basis for making any investment decision. Non-IFAS Measures GoTo Group uses the following non-Indonesian Financial Accounting Standards (IFAS) financial measures including gross revenues, contribution margin and adjusted EBITDA, to understand and evaluate GoTo Group's core operating performance. However, the definitions of GoTo Group's non-IFAS financial measures may be different from those used by other companies, and therefore, may not be comparable. Furthermore, these non-IFAS financial measures have certain limitations in that they do not include the impact of certain expenses that are reflected in GoTo Group's consolidated financial statements that are necessary to run GoTo Group's business. Thus, these non-IFAS financial measures should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with IFAS. Non-IFAS measurements are not intended to replace the presentation of GoTo Group's financial results in accordance with IFAS. Rather, GoTo Group believes that the presentation of Adjusted EBITDA provides additional information to investors to facilitate the comparison of past and present results, excluding those items that GoTo Group does not believe are indicative of GoTo Group's ongoing operations due to their size and/ or nature. In addition, GoTo Group also presents the Contribution Margin, which may provide additional information to investors in relation to the results excluding non-variable expenses and other income/expenses. Contribution margin and adjusted EBITDA presented herein may not be comparable to similarly entitled measures presented by other companies, who may use and define these measures differently. Accordingly, you should not compare these non-IFAS measures to those presented by other companies. Unaudited Consolidated Financial Information GoTo Group furnished the result for the six months ended June 30, 2023 and 2022. The information for the six months ended June 30, 2023 is extracted from the consolidated financial statements of the Company as of and for the six months ended June 30, 2023 (with consolidated financial information for the six months ended June 30, 2022, that has not been reviewed and not been audited, disclosed as comparative) that has been reviewed in accordance with Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", established by the Indonesian Institute of Certified Public Accountants. The information pertaining to the consolidated financial information for the six months ended June 30, 2022 that is presented in this document has not been audited, reviewed, examined, or applied any procedures on. Accordingly, there are no opinions or any other form of assurance expressed with respect to the period of six months ended June 30, 2022. Furthermore, in this document, GoTo group also furnished the results of the three months ended June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022 and June 30, 2022 which have been prepared by and are the responsibility of management. The consolidated financial information for the three months ended June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022 and June 30, 2022 have not been audited, reviewed, examined, or applied any procedures on. Accordingly, there are no opinions or any other form of assurance expressed with respect to any and all consolidated financial information for the three months ended June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022 and June 30, 2022 presented in this document. Operating Metrics LTM ATU or Last Twelve Months Annual Transacting Users means the number of unique transacting users in the trailing twelve months. GTV or Gross Transaction Value means gross transaction value, an operating measure representing the sum of (i) the value of on-demand services transactions; (ii) the value of e-commerce transactions for product and services; and (iii) the total payments volume processed through our financial technology, excluding any inter-company transactions. goto 2Q 2023 2#3GoTo Group Indonesia's Leading Digital Ecosystem goto 2Q 2023 gojek Mobility goto financial Merchant Solutions Financial Services Food Delivery Payments goto Go Together, Go Far RE Delivery Fulfillment GTL 6 Marketplace + Official Store Digital Goods tokopedia 3#4Key Strategic Focus Financial and Operating Highlights Summary Financials Non-IFAS Reconciliations goto 2Q 2023#5Key Results in 2Q23 Gross Revenue 5.8 IDR Trillion Contribution Margin² 0.7% edia toko As % of GTV4 Ogojek Adj. EBITDA³ (0.8%) As % of GTV4 +6% (2Q22 vs 2Q23) +207 bps (2Q22 vs 2Q23) +203 bps (2Q22 vs 2Q23) Notes: 1. 2. 3. Gross Revenue represents the total Rupiah value attributable to GoTo Group from each transaction, without any adjustments for incentives paid to driver-partners and merchant-partners or promotions to end-users, over the period of measurement Contribution Margin is calculated beginning with net revenues and deducting total cost of revenues, a portion of sales and marketing expenses relating to the promotional excess and product marketing and others consisting of mainly withholding taxes related to sales and marketing expense and other insignificant expenses Adjusted EBITDA is calculated beginning with loss before income tax and adjusting for (i) depreciation and amortization expenses; (ii) finance income; (iii) interest expenses; (iv) loss on impairment of assets of disposal group classified as held for sale; (v) (reversal)/loss on impairment of investment in associates and joint ventures; (vi) loss on impairment of goodwill; (vii) fair value adjustment of financial instruments; (viii) loss on impairment of intangible and fixed assets; (ix) share-based compensation cost; (x) unrealized foreign exchange (gain)/loss from cash remeasurement; (xi) share of net losses in associates and joint ventures; (xii) (gain)/loss on divestment and dilution of investment in associates and joint ventures, net (xiii) dividend income; and (xiv) non-recurring items goto 2Q 2023 4. GTV means Gross Transaction Value representing the sum of the value of transactions within the GoTo ecosystem 5#6Accelerate Integration and Ecosystem Synergies goto 2Q 2023 验 Instant & Same Day Fleet gojek GTL Logistics & Fulfillment tokopedia Payments & Lending goto financial Cash Deposits & Users (Consumers and Merchants) Payments & Lending Accessible & Competitive Cost of Funds Jago 6#7Build Relevant Value Propositions for All Types of Consumers Consumer Type Convenience Consumers (Seek reliability and quality) Budget Consumers (Seek value for money) goto 2Q 2023 0 Strategy O gojek tokopedia Continuously improve GoCar products and service reliability • GoFood GoRide Reliable shipping Balanced category mix and assortment Product Proposition goto financial GoPay e-wallet for seamless payment Focus on product innovation to grow sustainably GoCar Hemat GoFood Hemat GoTransit Multimodal Affordable shipping by GoTo Logistics Discovery of relevant assortments at the right price GoPay App Consumer Lending 7#8Mode Hemat Lower Entry Points for Budget Users 22.321 GPIB Imanuel, Taman Srigunting Tambah Bandeng Juwana GoCar HEMAT Park Mall Semarang Kota Lama Semarang Lower pricing, served by Economical cars Captures consumers who Prioritize affordability Covers all tier-1 cities as of June 2023 Mall Paragon City Semarang wang Sewu Masji Telogorejo Hospital Semaran an profil bisnis 3-7 menit 4 ancasila Rp25.500 GoCar Hemat Rp24.000 7-9 menit 4 Rp29.500 goto 2Q 2023 GoCar GoPay Coins > Voucher Pesan GoCar Hemat Rp24.000+ 9:38 1 9:40 1 I Am Geprek Bensu, Meruya GoFood HEMAT Affordable delivery costs for users willing to accept reduced speed and assortment Increased order density allows Optimized allocation Increased driver partners' Productivity Welcome to Mode Hemat Affordable resto choices, economical delivery. Q What's your craving? Delivery's cheap Popular cuisines Rice Snacks Beverages Fast food Delivery Regular 26 min Change 11.000 Mode Hemat . 5.000 57 min Delivery location Change location Jl. Regensi Lestari | Blok D. 1 No.Kav 21 Add address details to help drivers find your location faster. People's choice for dinner Everyone's enjoying these right now. See all Add address details Notes 0.80 km 38 min 0.83 km 50 min Nasi Goreng Gila Mas I Am Geprek Aciidt, Meruya 4.5 Order as a gift Add an e-card message and share it along with the tracking details. Bensu, Meruya 4.7 Request cutlery or straws Tick only if needed. Let's go green! Paket Nasi Ayam Geprek GoPay 0 64.500 Order with Mode Hemat You'learn 51 XP Yay! You saved 6.000 on this arder Affordable restos near you With just 5k delivery using Mode Hemat. Chacia Mer Curated assortment with low logistics cost Longer ETA and significantly cheaper delivery fee 8#9First of Its Kind Multimodal Transportation Solution in Indonesia KRL and Transjakarta Ticket Purchase Flow Multimodal 10:57 Your ticket is ready! Your QR code to enter Stasiun Rawa Buaya Check Gojek home screen or your order history to find this ticket later. Ok, got it Main Entrance, Plaza Indonesia Edit O Bogor Botanical Garden Transfer at Tangerang + Jakarta Manggarai Station 3 station left until 15 Depok Cileungsi Bekasi Regenc Manggarai Station min Cibinonu Your train line Trip tips Transfer to Cikarang Loop Line O Pangrango Your trip guide GoRide & KRL Rp 34.500 These steps will be updated real time. 1-3 mins Transfer at this station GoRide Rp 275.000 1-5 mins 1 Take Bogor Loop Line Towards Bogor Trans Take Towar Next train: 19:00, 19:25, 19:55 • GoCar Rp 368.500 37mins 4 Gopay Order GoRide & KRL Rp34.500 + Start Route details. Got it End ⚫ Find nearest public transport station • Find the detailed time table • Buy ticket GoRide + commuter train introduced as a new service type Trip guide component to guide users on their multimodal journey goto 2Q 2023 June 2022 Launch of Jakarta Commuter Train (KRL) booking service August 2023 Soft launch of End-to-end multimodal service - a channel to acquire new users and cross sell our Mobility services 9#10GoPay App Launch - Broadens Fintech User Base gopay Increased access to budget consumers and new avenue for monetization through lending Light size app for transfers and payments. 100x free and instant transfers anywhere in Indonesia Always get a special price for pulsa and data packages Automatic expense tracking for better financial planning Multi-layered security five steps to secure your account gopay 100% Perlindungan kuat X Transfer • Rp150.000 + > Limit Rp500.000 Raih promo & Coins Rp800.000 udah terpakai di Juni Q Ketik nama atau nomor HP Transfer Bank ← Laporan Catat pengeluaran Mel 2023 Transfer GoPay Total Jun 2023 Transfer e-wallet Tarik tunai Transfer ke akun sendiri Transfer ke mana aja Transfer → GoPay BNI 0812 2660 4682 Cecelia Mann.. "6669 Gippy 7689 Jo *5378 Boy *0293 Budiman *4268 BCA BCA Mandiri Cecelia Mann.. 3129 Cecelia Mann.. "1234 Pulsa & tagihan Atur tagihanmu di sini Eksplor→ L Sering ditransfer Pulsa Paket data. PLN Internet & TV GRIS Kelola akunmu Abimanyu 0812878881, BCA *7878 Rp900.000 Jun 2023 Jun 2023 Sekarang di minggu ke-4 Grafik pengeluaran mingguan 1-2 3-9 10-16 17-23 24-30 Kategori pengeluaran tertinggi Tagihan Rp280.000 300k 250k 100k 50k goto Note: 2Q 2023 1. As of 10th August 2023 >1mm downloads' with zero marketing budget 10#11Lowering E-commerce Shipping Costs Through GoTo Logistics Net Free Shipping Cost / Order goto 2Q 2023 -15% Reduction Jan 2023 Jun 2023 7:53 Beli Langsung Ini halaman terakhir dari proses belanjamu Pastikan semua sudah benar, ya. :) Barang yang dibeli Unilever Mall Dilayani Tokopedia I BELANIA R Tulis Catatan BEBAS ONGKIR Pepsodent Pencegah Gigi Berlubang- 25g-Isi 10 24% Rp19,800 Rp15.134 Kirim sebagai Hadiah Pengiriman dan pembayaran Utama alamat sendiri × Pilih Kurir GTL (Rp10.000) Estimasi tiba 2 Aug GTL (RP10.000) Estimasi tiba 2 Aug JNE (Rp18.000) Estimasi tiba 2 Aug 1 GTL as lower cost option for paid delivery Further cost efficiency from: Hub and spoke infrastructure to serve high density areas Highly productive driver fleet Efficient batching and routing Volume aggregation among different 3PLs in low density routes 11#12Key Strategic Focus Financial and Operating Highlights Summary Financials Non-IFAS Reconciliations goto 2Q 2023#13Consistent Improvement of Profitability Metrics In IDR Trillions As % of GTV goto 2Q 2023 Group Contribution Margin Group Adjusted EBITDA 2Q22 3Q22 4Q22 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 (2.0) (1.2) +207 bps As % of GTV YoY Improvement (1.3%) 0.6 1.0 (0.6) (0.7%) (0.4%) +30 bps As % of GTV QoQ Improvement 0.4% (1.2) (1.6) (3.1) (3.7) (4.3) 0.7% (2.9%) +203 bps As % of GTV YoY Improvement (2.3%) (1.9%) +23 bps As % of GTV QoQ Improvement (1.1%) (0.8%) 13#14Key Operating Metrics In IDR Trillions goto 2Q 2023 Group GTV -5% Year on Year Growth 150.5 143.7 Group Gross Revenue +6% Year on Year Growth 5.8 5.5 2Q22 2Q23 2Q22 2Q23 3.7% 4.1% As % of GTV 14#15Continued Progress in User Engagement GoTo LTM ATU² in Millions -21% Year on Year Growth GoTo Quarterly Orders in Millions -8% Year on Year Growth GoTo LTM GTV/LTM' ATU² GoTo LTM Orders/LTM1 ATU² in IDR Millions +42% Year on Year Growth 12 Orders/user/year +33% Year on Year Growth 50 67 2Q22 2Q23 Notes: goto 2Q 2023 53 53 690 638 8 38 2Q22 2Q23 2Q22 2Q23 2Q22 2Q23 1. LTM means Last Twelve Months 2. ATU means Annual Transacting Users over the stated period 15#16On-Demand Services In IDR Trillions GTV -9% Year on Year Growth 14.5 gojek goto 2Q 2023 2Q22 Contribution Margin +853 bps As % of GTV Year on Year Growth (0.6) 13.2 2Q23 0.6 Gross Revenue +3% Year on Year Growth 2.9 2.8 2Q22 19.2% Adjusted EBITDA +874bps As % of GTV Year on Year Growth (1.4) 2Q23 21.7% As % of GTV (0.2) 2Q22 2Q23 (3.8)% 4.7% As % of GTV 2Q22 (10.0)% 2Q23 (1.2)% As % of GTV 16#17E-Commerce In IDR Trillions tokopedia GTV -13% (-10% if excl. Mitra Tokopedia) Year on Year Growth 67.3 58.7 Gross Revenue +8% Year on Year Growth 2.2 2.0 goto 2Q 2023 Note: 2Q22 Contribution Margin +201 bps As % of GTV Year on Year Growth (0.9) 2Q22 (1.3)% 2Q23 0.4 2Q22 3.0% Adjusted EBITDA +203 bps As % of GTV Year on Year Growth (1.6) 2Q23 3.8% As % of GTV (0.2) 2Q23 0.7% 2Q22 As % of GTV (2.4)% 2Q23 (0.4)% As % of GTV 1. GTV declined by 10% on 2Q23 year on year excluding deprioritized Mitra Tokopedia business. 17#18Financial Technology In IDR Trillions goto financial GTV +4% Year on Year Growth 87.3 goto 2Q 2023 2Q22 Contribution Margin +45 bps As % of GTV Year on Year Growth (0.4) 90.5 2Q23 (0.0) Gross Revenue +2% Year on Year Growth 0.4 0.4 2Q22 0.4% Adjusted EBITDA +50 bps As % of GTV Year on Year Growth (0.9) 2Q23 0.4% As % of GTV (0.5) 2Q22 2Q23 (0.5)% (0.0)% As % of GTV 2Q22 (1.1)% 2Q23 (0.6)% As % of GTV 18#19Logistics In IDR Trillions GTL Gross Revenue +10% Year on Year Growth goto 2Q 2023 0.6 0.5 Adjusted EBITDA +62% Year on Year Growth (0.3) (0.1) 2Q22 2Q23 2Q22 2Q23 19#20Profitability Guidance Adjusted EBITDA Positive Within 4Q 2023 Порек aplek kopedia tokopedia to FY 2023 Adjusted EBITDA (4.5) - (3.8) Rp trillion goto Note: 2Q 2023 20 1. Based on Public Expose Disclosures and the 4Q22 & FY22 Earnings Presentation, FY2023 Adjusted EBITDA guidance was between negative Rp 5.3 trillion and negative Rp 4.6 trillion. FOMX#21Key Strategic Focus Financial and Operating Highlights Summary Financials Non-IFAS Reconciliations goto 2Q 2023#22Summary Operating & Financial Metrics In IDR Billions, unless otherwise stated On-demand services E-commerce Financial technology For The Three Months Ended June 30, For The Six Months Ended June 30, 2023 2022¹ 2023 2022¹ 13,242 14,491 26,980 28,908 58,685 67,343 121,485 132,478 90,482 87,317 182,003 164,767 Logistics n/a n/a n/a n/a All other segments 718 338 1,029 351 Adjustments and eliminations (19,388) (18,952) Group GTV 143,739 150,537 (39,220) 292,277 (35,969) 290,535 On-demand services 2,880 2,783 5,868 5,452 E-commerce 2,220 2,047 4,480 3,919 Financial technology 399 390 823 728 Logistics 562 510 1,142 1,029 All other segments 29 62 97 116 Adjustments and eliminations (257) (285) (596) (506) Group Gross Revenues 5,833 5,507 Take rate 4.1% 3.7% 11,814 4.0% 10,738 3.7% Incentives to customers (2,281) (3,604) (4,930) Group Net Revenues Total cost of revenues 3,552 1,903 6,884 (7,338) 3,400 (1,222) (1,255) (2,575) (2,471) Sales and marketing expenses² (1,253) (2,616) (2,538) (5,378) Others³ (32) (55) (90) (111) Contribution Margin 1,045 (2,023) 1,681 (4,560) As Percentage of Gross Revenues 18% (37)% 14% (42)% Non-variable expenses (2,436) (5,187) (6,411) Other (expenses)/income (ex. interest exp/ income) (1,318) 271 (1,501) (9,683) 1,360 Group EBITDA (2,709) (6,939) Adjustments 1,501 2,616 (6,231) 3,426 (12,883) 3,701 Group Adjusted EBITDA As Percentage of Gross Revenue (1,208) (21)% (4,323) (78)% (2,805) (9,182) (24)% (86)% goto 2Q 2023 Notes: 1. 2022 figures have been aligned to follow current segment presentation 2. A portion of sales and marketing expenses relating to the promotional excess and product marketing 3. Others consists mainly of withholding taxes related to sales and marketing expenses and other insignificant expenses 4. Non-variable expenses are a portion of sales and marketing expenses, general and administrative expenses, operational and support expenses and product development expenses 22 22#23Key Strategic Focus Financial and Operating Highlights Summary Financials Non-IFAS Reconciliations goto 2Q 2023#24Group Gross Revenues & Contribution Margin Reconciliation In IDR Billions, unless otherwise stated goto Net Revenue For The Three Months Ended 2023 3,552 For The Six Months Ended June 30, June 30, 2022 2023 1,903 6,884 Add: Incentives to customers 2,281 3,604 4,930 Gross Revenues 5,833 5,507 11,814 Net Revenue For The Three Months Ended 2023 3,552 2022 3,400 7,338 10,738 For The Six Months Ended June 30, June 30, 2022 2023 1,903 6,884 2022 3,400 Deduct: Total cost of revenues (1,222) (1,255) (2,575) (2,471) Sales and marketing expenses (1,253) (2,616) (2,538) (5,378) Others² (32) (55) (90) (111) Contribution Margin 1,045 (2,023) 1,681 (4,560) 2Q 2023 Notes: 1. A portion of sales and marketing expenses relating to the promotional excess and product marketing 2. Others consists of mainly withholding taxes related to sales and marketing expenses and other insignificant expenses 24#25Group Adjusted EBITDA Reconciliation In IDR Billions, unless otherwise stated Loss before income tax Add/(Deduct): Depreciation and amortization expenses Finance income Interest expenses EBITDA goto 2Q 2023 For The Three Months Ended June 30, For The Six Months Ended June 30, 2023 2022 2023 2022 (3,322) (7,559) (7,457) (14,185) 673 778 1,379 1,539 (147) (212) (310) (332) 87 54 (2,709) (6,939) 157 (6,231) 95 (12,883) Unrealized foreign exchange loss/(gain) from cash remeasurement 19 (305) 271 (386) Share of net losses in associates and joint ventures 113 143 185 219 Loss/(gain) on divestment and dilution of investment in associates and joint ventures, net 145 5 145 (34) Loss on impairment of investment in associates and joint ventures 218 288 230 288 Loss on impairment of intangible and fixed assets 1 Fair value adjustment of financial instruments 792 (303) 683 (1,359) Share based compensation cost 125 2,264 1,693 4,391 Dividend income Non-recurring items' Adjusted EBITDA (15) (24) (15) (24) 104 548 233 606 (1,208) (4,323) (2,805) (9,182) Note: 1. These non-recurring items also include share based compensation costs - Gotong Royong Program and restructuring costs 25#26Segment Adjusted EBITDA & Contribution Margin Reconciliation In IDR Billions, unless otherwise stated goto 2Q 2023 For Three Months Ended, June 30, 2023 On-demand services E-commerce (623) (705) Financial technology (809) Logistics All other segments Corporate costs Adjustment & elimination (150) 34 189 Segment loss from operations Add/(Deduct): Depreciation and amortization expenses 162 33 49 22 Share-based compensation cost 284 422 240 34 Non-operating income/expenses (26) (20) Non-recurring items Adjusted EBITDA 39 41 12 (164) (229) (508) (94) Add/(Deduct): Recurring cash opex¹ 722 611 471 115 Non-recurring items - variable (21) Allocated corporate costs 65 32 33 2 Non-operating income/expenses 20 Contribution Margin 623 413 (4) 23 Total Consolidated (2,064) ༔8་ -་་ས ་ ་ས 407 673 (22) (833) 125 (46) 11 (226) 104 (1,208) 358 (132) 17 ི་་་8 20 (27) 1,045 2,254 (21) For Three Months Ended, June 30, 2022 On-demand services (2,530) E-commerce (2,105) Financial technology (1,235) Logistics All other segments (272) (104) Corporate costs (1,743) Adjustment & elimination Total Consolidated (7,989) Segment loss from operations Add/(Deduct): Depreciation and amortization expenses 218 41 61 15 35 408 Share-based compensation cost 571 432 241 7 5 1,008 Non-operating income/expenses 76 Non-recurring items 295 5 5 243 Adjusted EBITDA (1,446) (1,627) (928) (250) (64) (8) 778 2,264 76 548 (4,323) Add/(Deduct): Recurring cash opex' 1,082 673 487 107 102 312 (94) 2,669 Non-recurring items - variable (293) =- (293) Allocated corporate cost 102 71 48 6 1 (228) Non-operating income/expenses (76) (76) Contribution Margin (555) (883) (393) (137) 39 0 (94) (2,023) 26 Note: 1. Recurring cash opex mainly consists of personnel, non-variable marketing, IT and other expenses which are not directly attributable to the net revenues.#27Segment Adjusted EBITDA & Contribution Margin Reconciliation In IDR Billions, unless otherwise stated For Six Months Ended, June 30, 2023 On-demand services E-commerce Financial technology Logistics All other segments (1,176) (1,594) (1,505) (334) (32) Corporate costs (1,468) Adjustment & elimination Total Consolidated Segment loss from operations (6,109) Add/(Deduct): Depreciation and amortization expenses 327 69 99 46 Share-based compensation cost 400 729 335 38 Non-operating income/expenses Non-recurring items Adjusted EBITDA (26) (20) 65 64 47 (410) (752) (1,024) (250) བ༅་་འྱི 21 817 1,379 (10) 201 1,693 45 (1) 4 53 233 (17) (352) (2,805) Add/(Deduct): Recurring cash opex¹ 1,433 1,267 976 238 Non-recurring items - variable (21) Allocated corporate costs 124 77 63 6 Non-operating income/expenses 20 Contribution Margin 1,147 591 15 (6) 기 - 1 - 3 - 71 668 (121) 4,532 (21) (271) (45) (25) 55 (121) 1,681 On-demand services (4,832) E-commerce (4,600) Financial technology (2,196) Logistics For Six Months Ended, June 30, 2022 All other segments (554) (227) Corporate costs (3,373) Adjustment & elimination Total Consolidated (15,782) Segment loss from operations Add/(Deduct): Depreciation and amortization expenses 424 76 116 27 72 824 Share-based compensation cost 1,002 832 395 28 28 2,106 Non-operating income/expenses 64 Non-recurring items 295 11 5 295 Adjusted EBITDA (3,111) (3,681) (1,680) (499) (127) (84) 1,539 4,391 64 606 (9,182) Add/(Deduct): Recurring cash opex' 1,971 1,413 861 180 179 508 (133) 4,979 Non-recurring items - variable (293) - (293) Allocated corporate cost 158 114 77 10 (360) Non-operating income/expenses (64) (64) Contribution Margin (1,275) (2,154) (742) (309) 53 0 (133) (4,560) goto 2Q 2023 27 Note: 1. Recurring cash opex mainly consists of personnel, non-variable marketing, IT and other expenses which are not directly attributable to the net revenues.#28goto 2Q 2023 Go Together, Go Far.