#1Matterport August 10, 2022 | Second Quarter 2022 Earnings 1#2Disclaimers Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of federal securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "forecast," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions (including the negative versions of such words or expressions). Forward-looking statements in this presentation generally relate to Matterport's potential and future performance, including its strategic focus, development of new services, adoption or success of new technologies and applications and anticipated results. 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 Matterport's ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities in the industry in which Matterport competes. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Matterport from time to time with the U.S. Securities and Exchange Commission. 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 Matterport assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Matterport does not give any assurance that it will achieve its expectations. Use of Projections This presentation contains financial forecasts ("guidance") and other forecasted financial information with respect to certain financial measurements of Matterport, including but not limited to revenue, subscription revenue, and loss per share. Such information constitutes forward-looking information, and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such guidance and such other 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 such guidance and such other financial information. See "Forward-Looking Statements" paragraph above. Accordingly, there can be no assurance that such guidance or such other financial information are indicative of the future performance of Matterport or that actual results will not differ materially from those presented in such guidance or such other financial information. Inclusion of such guidance and such other financial information in this presentation should not be regarded as a representation by any person that the results contained in such guidance or such other financial information will be achieved. Industry and Market Data In this presentation, Matterport relies on and refers to information and statistics regarding the sectors in which Matterport competes and other industry data. Matterport obtained this information and statistics from third-party sources, including reports by market research firms. Although Matterport believes these sources are reliable, Matterport has not independently verified the information and does not guarantee its accuracy and completeness. Matterport has supplemented this information where necessary with information from discussions with Matterport customers and Matterport's own internal estimates, taking into account publicly available information about other industry participants and Matterport's management's best view as to information that is not publicly available. Trademarks and Trade Names Matterport owns or has rights to various trademarks, service marks and trade names that it uses in connection with the operation of its business. This presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this presentation is not intended in, and does not imply, a relationship with Matterport, or an endorsement or sponsorship by or of Matterport. Solely for convenience, the trademarks, service marks and trade names referred to in this presentation may appear without the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that Matterport will not assert, to the fullest extent under applicable law, its rights or the right of the applicable licensor in these trademarks, service marks and trade names. Non-GAAP Financial Measures Matterport has provided in this presentation certain financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). We believe that the presentation of non-GAAP financial information provides important supplemental information to management and investors regarding financial and business trends relating to our financial condition and results of operations. The presentation of these non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. For further information regarding these non-GAAP measures, including the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, please refer to the "Appendix" section of this presentation. 2#3Recent business highlights Q2 Subscription revenue up 20% year-over-year, better than guidance Non-GAAP loss per share of $0.12, better than guidance Continued focus on Enterprise customers as the company enhances overall Enterprise platform capabilities Acquired VHT Studios to accelerate adoption of digital twins for real estate $562 million cash and investments and no debt Exited Q2 with record product backlog Notes: For the definition of non-GAAP loss per share and a reconciliation to their most directly comparable financial measures prepared in accordance with GAAP, please see the appendix. Unaudited Matterport Matterport 3#4Matterport is the clear market leader in an expanding global market $114M run-rate revenue 24B Sq ft captured 177 countries Paid Subscribers Subscribers (thousands) 52% Growth 404 51 2Q21 616 62 2Q22 Spaces Under Management (millions) 100x Rest of Market Notes: Run-rate revenue is the annualized value of total revenue for the three months ended June 30, 2022. Spaces Under Management, square feet captured and countries are as of June 30, 2022. Unaudited 5.6 2Q21 8.0 2Q22 4#523% of Fortune 1000 are now customers 2Q20 2Q21 Cumulative free-to-paid subscriber conversions Free-to-Starter subscriptions Free-to-Professional subscriptions and above 2Q22 Continued strong conversion of free-to-paid subscribers demonstrates that Matterport delivers value Continued growth in new Enterprises joining Matterport platform NETFLIX P&G TEMPUR+ SEALY SPARROW PARTNERS CANOA livit Switzerland Tourism 5#6Digital twins drive revenue, operating excellence and ESG goals Top-line drivers Extent to which organizations agree that the below are the key drivers of their digital twin investments Bottom-line drivers ESG Reducing time to market Introducing new business models Customer-centricity Increasing sales Saving costs Improving operational efficiency Simplifying workflows and process complexities for employees Technological advancement Increasing employee safety Improving sustainability efforts Improving reputation among Employees and prospective employers Source: Capgemini Research Institute, Digital Twins survey, September-October 2021, N=1,000 organizations. 61% 56% 67% 65% 60% 62% 64% 73% 71% 79% 77% 6#7Travel & Hospitality case studies demonstrate revenue increase and cost savings vacasa KLM LINDNER Vacasa achieves a 12% boost in vacation rental bookings with Matterport digital twins. KLM transforms ground operations with Matterport, resulting in cost savings and smaller carbon footprint. Lindner Hotels saw 25% more online engagement using Matterport. 1 EXIT 1 Help Teims Matterport 7#8Delivering Enterprise class functionality to Fortune 1000 customers Building long term roadmap for Enterprise customers, starting with these foundational elements Manage tens of thousands of users and spaces from your Matterport Enterprise account, all in our enhanced secure cloud Security, Privacy and Compliance SOC2 compliance and 3rd party audits Encryption in transit and at rest Matterport infrastructure is hosted within a secure enterprise grade environment Single sign-on - powered by SAML 2.0 authentication CCPA, GDPR, and PIPEDA compliance Reporting & Audit logs Audit trail of key account activity Structured business reports of subscription usage and performance Disaster recovery, backup and restoration of accounts User and Space Management API connected workflow for space management Private Model Embed - Embed Enterprise spaces into your secure websites and portals Enterprise level support, professional services for implementation 8#9Matterport acquired VHT Studios to accelerate adoption of digital twins for real estate Positions the company closer to customers Matterport + QVHT STUDIOS TM TM Digital Twin Leadership • Extend Matterport's industry leadership with a new approach for real estate promotion use case across RRE, extensible to CRE, and T&H Opportunity to drive greater penetration of Matterport digital twins within VHT's existing customers • Opportunity to cross-sell VHT solutions into Matterport's existing customers Extend VHT digital marketing solutions globally 9#10VHT has blue chip Enterprise client base, including 7 of the top 10 brokers in the United States 17 of the company's top 20 customers have used VHT's services for past 19 years Selected customers: dreamtown @properties BEW BAIRD & WARNER I BERKSHIRE HATHAWAY HomeServices Century 21 Coach REALTORS COLDWELL BANKER COMPASS corcoran corcoran group real estate d'aprile properties Douglas Elliman REAL ESTATE Edina Realty kw KELLERWILLIAMS. Fannie Mae RE/MAX Sotheby's HOULIHAN LAWRENCE SINCE 1888 oward HUDSON HOMES Real Estate Services Windermere REAL ESTATE 10#11Matterport's immersive digital twins drive value for all parties in real estate 82% 94% Gen Z 83% Millennials 63% Gen X would switch to an agent offering 3D tours Source: National Association of Realtors 2019 Home Buyers and Sellers Generational Trends Report Redfin case study REDFIN 71% 87% of buyers said they would purchase a home sight unseen if the listing had a 3D tour of sellers found 3D tours to be more accurate than listing photos 11#12Financial Overview 12#13Subscription and services revenue setting new records Notes: Revenue in millions Unaudited $15.3 2Q21 20% growth $18.4 2Q22 Subscription Revenue $2.9 2Q21 74% growth $5.0 2Q22 Services Revenue 13#14Subscription revenue continues to grow sequentially every quarter Notes: Revenue in millions Unaudited $15.7 3Q21 $16.5 4Q21 $17.1 1Q22 $18.4 2Q22 $18.5 - $18.8 3Q22F Guidance range 14#15Subscription revenue represented 65% of total revenue in Q2 ($000s) Revenue: Subscription License Services Product Total revenue Non-GAAP Gross Margin Subscription License Services Product Total non-GAAP GM% Total non-GAAP operating expenses Non-GAAP loss from operations Non GAAP net loss Three Months Ended June 30, 2022 2021 18,386 26 5,013 5,056 28,481 72% 100% 44% -37% 48% 48,796 (35,136) (35,294) Notes: Unaudited For the definition of non-GAAP gross margin, loss from operations and net loss and a reconciliation to their most directly comparable financial measures prepared in accordance with GAAP, please see the appendix 15,281 2,099 2,879 9,244 29,503 78% 100% 21% 35% 61% 23,027 (5,176) (5,608) Subscription and services combined grew 29% Record product backlog exiting Q2 Transitory supply chain. costs impacted product and total gross margin Company tapering growth in opex investments 15#16Fortress balance sheet with $562M cash and investments to fuel continued growth Notes: Unaudited Consolidated Balance Sheet Data: Cash and cash equivalents Short-term and long-term investment Restricted cash equivalent Working capital Property and equipment, net Total assets Long-term debt, net of current portion Total liabilities (2) Public and Private Warrants liabilities Contingent earn-out liability Total stockholders' equity June 30, 2022 113,923 448,142 462,381 25,750 689,532 56,634 1,691 631,207 December 31, 2021 (1) Working capital is defined as current assets less current liabilities (2) Total liabilities do not include public and private warrant liabilities and contingent earn-out liability that are presented at period-end fair market value and listed separately in the table 139,519 528,590 468 404,376 14,118 719,176 34,463 38,974 377,576 268,163 16#17Guidance for full year and Q3 projects continued growth in subscription revenue Recurring subscription revenue is expected to continue to comprise majority of total revenue Revenue (in millions) Subscription Revenue (in millions) Non-GAAP loss per share Weighted average fully diluted shares outstanding (in millions) Q3 2022 Guidance $35 - $37 $18.5 - $18.8 ($0.13) - ($0.15) 288 FY 2022 Guidance $132 - $138 $73 - $74 ($0.46) - ($0.50) 286 17#18Business highlights Massive, unpenetrated $240B+ TAM Market leader fueling the digital transformation of the built world Unrivaled software & data platform with significant expansion opportunities Global, blue chip customers spanning diverse end markets Rapid growth and continued net expansion revenue Proven leadership team with large-scale platform experience Notes: As of June 30, 2022 TAM estimate from Savills World Research and the Company >$327T Global Real Estate Assets 20B Spaces Globally <0.1% Digital Penetration 100X Rest of Market in SUM 24B Square Feet Captured 8.0M Spaces Captured 3B+ 3D Data Points 11 Years of R&D 616K+ Subscribers 177 Countries 20% Subscription revenue growth Sub revenue is 65% of total revenue Prior Executive Experience: Apple, Google, Salesforce, & Mailchimp 18#19Appendix#20GAAP to Non-GAAP reconciliation - Net Loss and Loss per Share GAAP net income (loss) Stock based compensation expense (1) Acquisition-related costs (2) Amortization expense of acquired intangible assets Change in fair value of common stock warrant liabilities (3) Non-GAAP net loss GAAP net income (loss) per share attributable to common stockholders: Basic Diluted Non-GAAP net loss per share attributable to common stockholders, basic and diluted GAAP weighted-average shares used to compute net income (loss) per share, basic Weighted-average effect of potentially dilutive securities (4) GAAP weighted-average shares used to compute net income (loss) per share, diluted Excluded anti-dilutive weighted-average potential shares of common stock in calculating non-GAAP loss per share Adjustment for common stock issued in connection with the Merger (5) Non-GAAP weighted-average shares used to compute net loss per share, basic and diluted (2) (4) (5) Consists primarily of non-cash share-based compensation related to the Company's stock incentive plans and earn-out arrangement Consists of acquisition transaction costs Three Months Ended June 30, 2022 2021 (64,634) 32,889 900 265 (4,714) (35,294) (0.23) (0.23) (0.12) 283,405 283,405 283,405 (6,209) 601 (5,608) (0.15) (0.15) (0.03) 41,348 41,348 127,499 168,847 Consists of non-cash fair value measurement change for public and private warrants Consists of the potentially dilutive effect of employee equity incentive plan awards Consists of non-GAAP adjustment of unweighted average common stock issued and converted from Matterport, Inc.'s (now known as Matterport Operating, LLC) previously issued and outstanding shares of convertible preferred stock and common stock warrants prior to the completion of the merger Non-GAAP Financial Measures ted to exclude stock-based This presentation includes the non-GAAP financial measures non-GAAP net loss and non-GAAP net loss per share, basic and diluted. We define non-GAAP net loss as net income (loss), compensation expense, fair value change of warrants liabilities, acquisition transaction costs, and amortization of acquired intangible assets, in order to provide investors and management with greater visibility to the underlying performance of Matterport's recurring core business operations. In order to calculate non-GAAP net loss per share, basic and diluted, we use a non-GAAP weighted-average share count. We define non-GAAP weighted-average shares used to compute non-GAAP net loss per share, basic and diluted, as GAAP weighted average shares used to compute net income (loss) per share attributable to common stockholders, dilutive, adjusted to reflect the shares of Matterport's Class A common stock exchanged for the previously issued and outstanding shares of redeemable convertible preferred stock and common stock warrants of Matterport, Inc. (now known as Matterport Operating, LLC) in connection with the recently completed merger, that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability and exclude anti-dilutive weighted-average potential shares of common stock in calculating non-GAAP loss per share. 20#21GAAP to Non-GAAP reconciliation - Gross Margin Non-GAAP gross profit and gross margin: $ in thousands GAAP gross profit and gross margin: Subscription License Services Product Total GAAP gross profit and gross margin Add: Stock based compensation expense Subscription License Services Product Total Non-GAAP Gross profit and gross margin: Subscription License Services Product Total non-GAAP gross profit and gross margin Three months ended 6/30/2022 $ 12,277 26 1,844 (2,434) 11,713 1,019 383 545 1,947 13,296 26 2,227 (1,889) 13,660 GP% 67% 100% 37% -48% 41% 7% 72% 100% 44% -37% 48% 6/30/2021 $ 11,897 78% 2,099 100% 589 20% 35% 3,229 17,814 60% - 7 13 17 37 11,904 2,099 602 GP% 3,246 17,851 1% 78% 100% 21% 35% 61% 21#22GAAP to Non-GAAP reconciliation - Loss from Operations Non-GAAP Reconciliation - Loss from Operations $ in thousands GAAP gross profit and gross margin: Add: Stock based compensation expense Total non-GAAP gross profit and gross margin GAAP research and development expenses Less: Stock based compensation expense Less: Amortization expense of acquired intangible assets Less: Tax impact related to contingent earn-out share issuance Non-GAAP research and development expenses GAAP Selling, general and adminstrative expenses Less: Stock based compensation expense Less: Acquisition-related costs Less: Tax impact related to contingent earn-out share issuance Non-GAAP Selling, general and adminstrative expenses GAAP loss from operations ADD: Stock based compensation expense ADD: Acquisition-related costs ADD: Amortization expense of acquired intangible assets ADD: Tax impact related to contingent earn-out share issuance Non-GAAP loss from operations Three months ended 6/30/2022 11,713 1,947 13,660 21,518 8,025 265 13,228 59,385 22,917 900 35,568 (69,190) 32,889 900 265 (35,136) 6/30/2021 17,814 37 17,851 7,090 96 6,994 16,501 468 16,033 (5,777) 601 (5,176) 22