#1Matterport May 10, 2022 | First 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 in the industry in which Matterport competes, and identify and realize additional opportunities. 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, year-over-year subscription revenue growth 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.#3Recent business highlights Notes: Unaudited Q1 Total subscribers up 70% year-over-year Q1 Spaces under management up 49% year-over-year Q1 Subscription revenue up 24% year-over-year Matterport Axis™, a motorized mount for smartphones, is now available for purchase Total $104 million proceeds raised through warrant exercises Total real estate market value expanded to $327 trillion, from $230 trillion START SCAN Matterport#4появи 3640 AL LY 9.801 2040 FIXED AXO HOR ELECT PLUG STR PAR GUNER Estimates from Savills World Research and the Company S UNDER CAS EN INM The $327T global building stock still remains largely offline VOC NN-AIR RANGE MON BREAKFAST Ra 11-4 x 10-1 70 2,2 HOT FILL AC DC 2:3" 113-5 11918 STUB-OUT FLUMB PERT ICE MAKER 40° CPNG/ BEARING WALE PANTRY DESK ه هی داره 85 & PLUMBAY kanis FUTURS HS WOOD 59025 24 21.4, 131-61 LITE - 770 HAIR BOG L 4 Billion Buildings Largest asset class in the world $327T in total property value 20 Billion Spaces Digitization of the built world is the largest new frontier in decades Offline & Undervalued $100B's in unrealized utilization and operating efficiencies#5Matterport is the clear market leader in an expanding global market $114M run-rate revenue 22B Sq ft captured 177 countries Paid Subscribers Subscribers (thousands) 70% Growth 331 49 1Q21 562 58 1Q22 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, 2022. Spaces Under Management, square feet captured and countries are as of March 31, 2022. Unaudited 4.9 1Q21 7.3 1Q22#622% of Fortune 1000 are now customers Matterport for iPhone launch 1Q20 Matterport for Android launch 1Q21 Cumulative free-to-paid subscriber conversions Free-to-Starter subscriptions Free-to-Professional subscriptions and above 1Q22 Continued strong conversion of free-to-paid subscribers through 1022 Enterprises entering and converting through freemium channel 美聯物業 MIDLAND REALTY **** HI Colliers reckitt THE WAREHOUSE GROUP savills PERRY ELLIS pepperfry vmware HEALTHTRUST 6#7A camera for every space Fast, easy digital twins from any device feica PRECISION Leica BLK360 LiDAR-based capture in all environments CIJE Matterport O HIGH RESOLUTION Matterport Pro2 Hi-res imagery accuracy, fast capture FREE & INS NT Smartphone No-cost approach to adopt Matterport Insta360 ONE X THETA FAST & PORTABLE 360 Cameras Quick, easy affordable capture C Matterport FULLY MANAGED Capture Services Comprehensive and convenient approach to accurate capture#8Matterport Axis now available Revolutionary motorized mount that works with a smartphone to capture 3D digital twins of any physical space with increased speed, precision, and consistency Enterprises can now cost-effectively scale up their efforts to create high-fidelity digital twins at multiple locations simultaneously via employees and their smartphones 4:26. 1914 START SCAN 0 < Matterport#9BIM for Enterprise Support for large-scale projects, comprising millions of square feet of physical space to manage Adds business-friendly BIM analysis, insights and reporting to any project Enterprise customers can visualize, verify and quantify equipment across multiple facilities at once Seamless integration with Autodesk Revit to model as-built conditions allowing facilities managers to validate their existing environments Level 1 Room Schedule Room Name Bar Bar Storage Bathroom 101 Bathroom 102 Bathroom 103 Bathroom 106 Bathroom 105 Breakroom Business Center Circulation Cooking Station Dishwashing Station Elev 1 Elev 2 Eleva Elev 4 Elev Foyer 1 Engineering Engineering Office Entry Fire Control Room Fitness Center Food Service Food Service Office Food Storagi HO Office Laundry Lockers Lounge MECH Room Men Restroo Men WC Men's Resti Office Area Interior SF) 185 SE 41SF 38 SF 61SF 57 SF 60 SF 30 SF 255 SF 3.913 SF 475 SF 235 SF 107 SF 100 SF 94 SF 102 SF 172 SF 234 SF BSF 123 SP 210 F 475 SF 334 SF 147SF Level 1 Aerial View ⒸGross SF Deductible S Usable SF Existin Ceiling Height 7:0² 7:24 7'1" 725 82 8'0 80 Viore M 11:3 14'0 8'10 B 10 28,350 Sqf 570 Sqf 27,780 Su Location information Street Address Office Room Plaza Ballroom 1 Plaza Ballroom 2 Total Floors Digitizen Floor No's Digitized Datel) Digitized % Digitized 78 SF 748 SP 1.035 5 Plaza Ballroom 3 752 SF Pool Equipment Room 54 SF Pool/SPA Reception Desk Reception Office Restaurant Boom 101 3.131 SF 514 SF 318 SF 3.027 SP Room 102 Room 103 Room 104 Hoom 106 Storage Storage 01 Storage 02 Storage 04 Vending F 367 382 SF 359 SF 441 SP Sales & Catering Office 322 SF Stair A1 110 SF Stair B1 105 SF 99% 447 SF 394 SF 111 SF 77 SF 51 SF 125 SF 36 SF BO 100 100 100 7'8" 114 76 12 5 80 Open to above 80 72 81 72 81 72 Not Scaned Not Scaned 6071 80' 14'0 14'0 82 15:1 82 9:0 10 5 3/11/2021 Sample 9-Story Hotel LE Digitized Key Plan SAMPLE Property Square Footage (SF) Total Gross SF (Digitized) Total Usable SF Total Deductable SF Total Basement SF Total Exterior Terrace SF 3/11/2021 Sample 9-Story Hotel contrato Location Report 179.202 Sqf Coject this documented information may be dadd to any third party decling and the coffee wat onto the actor pomp of the information Phot to any robion or cont of the location the g by the the this on design el The share the fold verby 178,608 Sof 2.894 So Thandhafting LLC t of contact the ne of this port2020 rated Project LLC 3/11/2021 Location Report#10Rapidly expanding enterprise adoption across the largest property markets in the world Midland Holdings in Greater China to use Matterport digital twins for its entire portfolio of properties New partners in Brazil: Guandalini Posicionamento and PARS to drive AEC and Enterprise growth New partners in India: Active360, Shaikh Tech India and Pan India Consultants Notes: TAM estimate from Savills World Research and the Company Canada 96M US 935M UK 173M Brazil 540M Germany 214M France 167M China 3.7B India 3.5B Australia 64M Japan 324M Top 10 TAM countries represent a total of 10B spaces 10#11Strengthened executive team to position the company for continued growth Tom Klein Chief Marketing Officer Mailchimp Deepti Illa VP, Global Integrated Marketing Google, Ring Central Ali Jayson VP, Product Marketing Uber, Peloton Florence Shaffer VP, Strategy & Operations Chief of Staff to CEO Estée Lauder, Burberry 0 Ben Corser Managing Direction, Asia Pacific Microsoft, SAP Rob Hines Managing Director, Americas Symantec, Salesforce, Oracle 11#12Financial Overview 12#13Subscription revenue setting a new record Notes: Revenue in millions Unaudited $13.8 1Q21 24% growth $17.1 1Q22 13#14Subscription revenue has grown sequentially every quarter Notes: Revenue in millions Unaudited 2.3x growth over 8 quarters $7.5 $10.0 1Q20 2Q20 $11.6 3Q20 $12.5 4Q20 $13.8 1Q21 $15.3 2Q21 $15.7 $16.5 3Q21 4Q21 $17.1 $18.0 - $18.3 1Q22 2Q22F Guidance range 14#15Subscription gross margin remains stable at 75% ($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, 2022 2021 17,141 23 3,973 7,373 28,510 75% 100% 34% 2% 51% 41,676 (27,258) (27,888) 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 13,800 2,260 2,689 8,180 26,929 76% 100% 25% 40% 62% Subscription revenue represented 60% of total revenue in Q1 Services revenue increase driven by growth in Capture Services and in app purchases Significant investments in R&D 18,450 and SG&A as we continued to (1,697) scale our business (2,214) 15#16Simplified capital structure with $600M 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 (1) 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 (deficit) March 31, 2022 92,996 506,991 387,154 21,946 721,901 55,858 6,405 659,638 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 as period-end fair market value and separately listed 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 Q2 shows continued strong growth in subscription revenue Recurring subscription revenue is expected to continue to comprise majority of total revenue Revenue (in millions) Subscription Revenue (in millions) Year-over-year Subscription Revenue growth Non-GAAP loss per share Fully diluted shares outstanding (in millions) Q2 2022 Guidance $28.5 - $30.5 $18.0 - $18.3 18% - 20% ($0.13) - ($0.15) 284 FY 2022 Guidance $125 - $135 $80 - $82 31% -34% ($0.47) - ($0.52) 285 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 March 31, 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 22B Square Feet Captured 7.3M Spaces Captured 3B+ 3D Data Points 10 Years of R&D 562K+ Subscribers 177 Countries 24% Subscription revenue growth Sub revenue is 60% of total revenue Prior Executive Experience: Apple, Google, eBay, & Salesforce 18#19Appendix#20GAAP to Non-GAAP reconciliation - Net Loss and Loss per Share (2) (3) (6) (7) 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) 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 GAAP weighted-average shares used to compute net income (loss) per share, basic Weighted-average effect of potentially dilutive securities (6) 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 Adjustment for common stock issued in connection with the Merger (7) Non-GAAP weighted-average shares used to compute net loss per share, basic and diluted 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 March 31, 2022 2021 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 (2,872) 658 (2,214) (0.07) (0.07) (0.01) 39,632 39,632 127,499 167,131 Consists of non-cash fair value measurement change for public and private warrants Represents the non-cash fair-value measurement change related to our earn-out liability Represents the payroll tax related to Earn-out shares issuance and release 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 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), adjusted to exclude stock-based compensation expense, fair value change of warrants liabilities, fair value change of earn-out liabilities, payroll tax related to contingent earn-out share issuance, 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 3/31/2022 $ 11,879 23 990 (983) -13% 69% 100% 25% 42% 11,909 1,022 % 354 1,133 2,509 9% 12,901 75% 23 100% 1,344 34% 150 2% 14,418 51% 3/31/2021 $ 76% 10,549 2,260 100% 654 24% 3,265 16,728 62% 40% 6 8 11 25 10,555 2,260 % 3,276 16,753 0% 76% 100% 662 25% 40% 62% 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 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) 3/31/2021 16,728 25 16,753 6,025 138 5,887 13,058 495 12,563 (2,355) 658 (1,697) 22