#1Matterport May 9, 2023 | First Quarter 2023 Financial Results 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 Q1 total revenue of $38.0 million, up 33% year-over-year, above high end of guidance Q1 subscription revenue reached record $19.8 million, up 16% year-over-year, above high end of guidance Total subscribers increased to 771,000, up 37% year-over-year Spaces Under Management increased to 9.9 million, up 36% year-over-year Announced GA of AWS loT TwinMaker integrations, new integration with Autodesk Construction Cloud, and Digital Pro Q1 Non-GAAP Loss Per Share of $0.07, $0.03 better the guidance midpoint 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 19 57.1 TONER per G 44.4 RFI: Glass Door Specs Can you provide the technical specs to confirm durability and glass impact? Open in Autodesk Construction Cloud#4Our pioneering technology has set the standard for a decade... Today, Matterport transforms buildings into data. 16'8" 12'8* 7' 10' 3' 10" 13'6" 2'8" 11'9' 25' 10" 6'11" 28" and we are raising the bar for the future 8' 6" 8'9" 8' 3" Tomorrow, our data will increase the value of every building.#5Matterport is the market leader in an expanding global market Subscribers (thousands) 9 $152M run-rate revenue 9.9M Spaces under management 30B Sq ft managed Paid Subscribers 331 49 1Q21 53% CAGR 562 58 1Q22 771 67 1Q23 Spaces Under Management (millions) 100x Rest of Market Notes: Run-rate revenue is the annualized value of total revenue for the three months ended March 31, 2023. Spaces Under Management, square feet managed are as of March 31, 2023. Unaudited 4.9 1Q21 7.3 1Q22 9.9 1Q23 5#6*As of April 20, 2023 X MI (-:-) ™M WW/ 88 SPACES UNDER MANAGEMENT Learn more at matterport.com/blog#7New integration with AWS IOT TwinMaker With the AWS lOT TwinMaker and Matterport integration, developers can now leverage Matterport technology to combine existing data from multiple sources with real-world data to create a fully integrated digital twin. All of this is done in a fraction of the time-and at a fraction of the cost-of traditional means, giving customers unprecedented spatial data insights that help them manage their operations more efficiently than ever before. Incoming data: Operational and maintenance history Statistical and physics-based models Real-time process data Video feeds Real-time loT sensor data Matterport Capture Matterport Cortex Al Deep learning neural network that creates robust 3D spatial data and a fully automated image processing pipeline. Chiller Motor #5 RPM AWS loT Sitewise Amazon Timestream Matterport Customer's SaaS Account 09-01-0007 AWS IOT Twinmaker Matterport Showcase SDK JAL SDK Properties transform X 1.304 Property Name 7.1.187 2 10.646 Grafana ↑↓ Twinmaker Scene Viewer + Edit Mode ↑↓ H Matterport DIE#8New integration with Autodesk Construction Cloud AUTODESK + Matterport® Announced a new integration with Autodesk Construction Cloud - a portfolio of software and services that combines advanced technology, a builders network and predictive insights for construction teams - making it easier for project teams using Matterport and Autodesk Build® to collaborate within critical project management workflows. 64 RFI: Glass Door Specs Can you provide the technical specs to confirm durability and glass impact? Open in Autodesk Construction Cloud +RFI Matterport#9Global, blue chip customers spanning diverse end markets 25% of Fortune 1000 are customers Selected Customers TrueValue TESCO DOORDASH GRAINGER a □ Abbott I R Architects West 9#10Digital Pro: A complete and affordable package for all property marketing needs Floor Plan Present properties in a simple layout to help illustrate flow. Preview Video A short preview of your listing-great for social media. LALA 1110 25+ Photos Enhanced photographs to capture immediate interest. Matterport 3D Tour A digital twin enables viewers to virtually tour the property from anywhere at anytime. 10#11Financial Overview 11#12Subscription revenue continues to reach new records Notes: Revenue in millions Unaudited $17.1 1Q22 16% growth $19.8 1Q23 Subscription Revenue $4.0 1Q22 119% growth Services Revenue $8.7 1Q23 12#13Strong growth in total revenue continues Notes: Revenue in millions Unaudited $46 2019 $86 CAGR ~37% 2020 $111 2021 $136 2022 $155 - $169 2023 Guidance Range 13#14Improving Non-GAAP loss per share Notes: Non-GAAP Loss per share Unaudited $0.00 -$0.05 -$0.10 1Q22 -$0.10 2Q22 -$0.12 3Q22 -$0.09 4Q22 -$0.09 1Q23 -$0.07 14#15Total revenue grew 33% year-over-year ($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 March 31, 2023 2022 19,847 27 8,704 9,416 37,994 74% 100% 29% 17% 49% 42,002 (23,240) (20,510) 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 17,141 23 3,973 7,373 28,510 75% 100% 34% 2% 51% 41,676 (27,258) (27,888) Subscription revenue up 16% Services revenue up 119% Product revenue up 28% 15#16Strong balance sheet with $456M cash and investments ($000s) Consolidated Balance Sheet Data: Cash and cash equivalents Short-term and long-term investment Working capital() Property and equipment, net Total assets Total liabilities (2) Public and Private Warrants liabilities Total stockholders' equity March 31, 2023 144,315 311,884 453,514 31,701 619,533 48,872 581 570,080 December 31, 2022 117,128 359,774 468,954 30,559 640,395 55,681 803 583,911 Notes: Unaudited (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 16#17Raising guidance for Q2 and full year 2023 driven by strong customer adoption & continued focus on operating efficiency Notes: Total revenue (in millions) Year-over-year growth Subscription revenue (in millions) Non-GAAP loss per share Weighted average fully diluted shares outstanding (in millions) Q2 2023 Guidance $38 - $40 33% - 40% $20.7 - $20.9 ($0.09) - ($0.07) 297 FY 2023 Guidance $155 - $169 14% -24% $84.5 - $86.5 ($0.31) -($0.27) 299 Matterport is not able to provide a reconciliation of non-GAAP loss per share to GAAP loss per share because Matterport does not provide specific guidance for the various exclusions adjusted from net loss. These items have not yet occurred, are out of Matterport's control and/or cannot be reasonably predicted. As a result, reconciliation of the non-GAAP guidance measures to GAAP is not available without unreasonable effort, and Matterport is unable to address the probable significance of the unavailable information 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 across revenue line items Proven leadership team with large-scale platform experience Notes: As of March 31, 2023 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 digital twins 30B square feet managed 9.9M digital twins Cloud platform for enterprise 3B+ 3D Data Points 771K Subscribers 25% of Fortune 1000 33% Y/Y Q1 total revenue growth 119% Y/Y Q1 services revenue growth Prior Experience: Apple, Google, Salesforce, Mailchimp, 8x8 18#19Appendix#20GAAP to Non-GAAP reconciliation - Net Loss and Loss per Share GAAP net income/(loss) Stock based compensation-related charges (1) Acquisition-related costs (2) Amortization expense of acquired intangible assets Change in fair value of warrants liability (3) Change in fair value of contingent earn-out liability (4) Payroll tax related to contingent earn-out share issuance (5) 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 Weighted-average shares used to compute GAAP net income (loss) per share, basic Weighted-average effect of potentially dilutive securities (6) Weighted-average shares used to compute GAAP net income (loss) per share, diluted Excluded anti-dilutive weighted-average potential shares of common stock in calculating non-GAAP loss per share Weighted-average shares used to compute non-GAAP net loss per share, basic and diluted Three Months Ended March 31, 2023 (53,842) 33,111 443 (222) (20,510) (0.18) (0.18) (0.07) 293,074 293,074 293,074 2022 71,904 56,088 172 260 (21,433) (136,043) 1,164 (27,888) 0.26 0.23 (0.10) 275,199 37,233 312,432 (37,233) 275,199 (1) Consists primarily of non-cash share-based compensation expense related to our stock incentive plans and earn-out arrangement, and the employer payroll taxes related to stock our options and restricted stock units. (2) Consists of acquisition transaction costs. (3) Consists of the non-cash fair value measurement change for public and private warrants. (4) Represents the non-cash fair-value measurement change related to our earn-out liability. (5) Represents the payroll tax related to Earn-out shares issuance and release. (6) Consists of the potentially dilutive effect of employee equity incentive plan awards. 20#21GAAP to Non-GAAP reconciliation - Gross Margin Non-GAAP gross profit and gross margin: ($000s) GAAP gross profit and gross margin: Subscription License Services Product Total GAAP gross profit and gross margin Add: Stock based compensation-related charges Subscription License Services Product Total Non-GAAP Gross profit and gross margin: Subscription License Services Product Total non-GAAP gross profit and gross margin 3/31/2023 Three months ended 12,885 27 2,460 1,040 16,412 1,705 - 94 551 2,350 65% 100% 28% 11% 43% 6% 14,590 74% 27 100% 2,554 29% 1,591 17% 18,762 49% 3/31/2022 11,879 23 990 (983) 11,909 1,022 354 1,133 2,509 12,901 23 1,344 150 14,418 69% 100% 25% -13% 42% 9% 75% 100% 34% 2% 51% 21#22GAAP to Non-GAAP reconciliation - Loss from Operations Non-GAAP Reconciliation - Loss from Operations ($000s) GAAP gross profit and gross margin: Add: Stock based compensation-related charges Total non-GAAP gross profit and gross margin GAAP research and development expenses Less: Stock based compensation-related charges 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-related charges Less: Acquisition-related costs Less: Amortization expense of acquired intangible assets 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-related charges 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 3/31/2023 16,412 2,350 18,762 18,273 7,879 270 10,124 54,933 22,882 173 31,878 (56,794) 33,111 443 (23,240) 3/31/2022 11,909 2,509 14,418 26,002 13,054 260 505 12,183 70,849 40,525 172 659 29,493 (84,942) 56,088 172 260 1,164 (27,258) 22