#1Matterport February 22, 2023 | Fourth Quarter 2022 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 Record Q4 total revenue of $41.1 million, up 52% year-over-year, better than guidance Record Q4 subscription revenue of $19.3 million, up 17% year-over-year, better than guidance Total subscribers increased to 701,000, up 39% year-over-year Spaces Under Management increased to 9.2 million, up 37% year-over-year John Deere selected Matterport's Digital Twin Platform and 3D capture technology ~50% of Q4 subscription revenue from outside of real estate 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 Mar Matterport www#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) B $165M run-rate revenue 28B Sq ft managed 177 countries with digital twins Paid Subscribers 254 44 4Q20 66% CAGR 503 55 4Q21 701 64 4Q22 Spaces Under Management (millions) 100x Rest of Market 4.3 4Q20 Notes: Run-rate revenue is the annualized value of total revenue for the three months ended December 31, 2022. Spaces Under Management, square feet captured and countries are as of December 31, 2022. Unaudited 6.7 4Q21 9.2 4Q22 5#6Global, Blue Chip Customers Spanning Diverse End Markets 24% of Fortune 1000 are customers Selected Customers JOHN DEERE BMOM airbnb DIOR CHOICE HOTELS® blueground 6#7JOHN DEERE John Deere uses Matterport's Digital Twin Platform and 3D capture technology to build a virtual Operations Center for remote management of over 60 facilities across North America, South America, Europe and Asia With Matterport's digital twin platform, John Deere employees can remotely access any facility's digital twin to track assets and materials, monitor vehicles, and integrate real-time loT data streams Collaboration takes place in real-time within the digital twin to improve productivity while reducing the need for costly site visits "We're proud to support John Deere on its journey to reinvent manufacturing operations. Our digital twin platform enables companies to reap real productivity gains and cost savings by digitizing operations for more efficient maintenance, remote monitoring and improved decision making." Jay Remley, Matterport Chief Revenue Officer DEERE TUFF 570G#8ESG: Creating a model of sustainability for our company & our customers Environmental We are driven to reduce our carbon footprint and safeguard the planet for future generations. CO₂ Social We are dedicated to empowering our employees, our customers, and our communities. The average digital twin creator avoids around 1.31 tonnes of CO2e a year Governance We are committed to sound governance and ethical conduct that upholds the law. RECYCLED 60% of our paper, cardboard, metal, and plastics in 2021. Our first annual Environmental, Social and Governance (ESG) report can be found here. For more information about our commitment to sustainability, visit http://www.matterport.com/esq Matterport customers prevented O CO₂ 374,312 total tCO2e emissions in 2021 by using digital twins. On average, each digital twin avoids ~0.15 tonnes of CO2e from being emitted. The equivalent of driving a personal car for 444 miles.#9Financial Overview 9#10Subscription and product revenue continue to reach new records Notes: Revenue in millions Unaudited $16.5 4Q21 17% growth $19.3 4Q22 SUBSCRIPTION REVENUE $6.6 4Q21 107% growth PRODUCT REVENUE $13.6 4Q22 10#11$46 2019 Notes: Revenue in millions Unaudited Total revenue CAGR ~37% $86 2020 $111 2021 $136 2022 $153 - $169 2023 Guidance range $17.1 1Q22 Subscription revenue $18.4 2022 $19.0 3Q22 $19.3 4Q22 $19.3-$19.5 1Q23 Guidance range 11#12Total revenue grew 52% 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 December 31, 2022 2021 19,281 27 8,267 13,566 41,141 75% 100% 26% -14% 36% 43,493 (28,784) (26,562) 16,517 284 3,732 6,554 27,087 78% 100% 28% -11% 50% 39,034 (25,546) (25,086) Year Ended December 31, 2022 2021 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 73,789 97 27,268 34,971 136,125 74% 100% 34% -7% 45% 179,993 (118,828) (116,667) 61,275 4,761 12,592 32,546 111,174 77% 100% 27% 24% 57% 109,288 (46,037) (46,940) Subscription revenue grew 17% Services revenue grew 122% Product revenue grew 107% 4Q22 gross margin includes $5.0 million expense related to Pro2 inventory 12#13Fortress balance sheet with $477M cash and investments ($000s) 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 Total liabilities (2) Public and Private Warrants liabilities Contingent earn-out liability Total stockholders' equity December 31, 2022 117,128 359,774 468,954 30,559 640,395 55,681 803 583,911 December 31, 2021 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 139,519 528,590 468 404,376 14,118 719,176 34,463 38,974 377,576 268,163 13#14Guidance for Q1 and full year 2023 projects continued revenue growth & improving loss per share Notes: Revenue (in millions) Year-over-year growth Subscription Revenue (in millions) Non-GAAP loss per share Weighted average fully diluted shares outstanding (in millions) Q1 2023 Guidance $34 - $36 19% -26% $19.3 - $19.5 ($0.09) - ($0.11) 293 2023 Guidance $153 - $169 12% -24% $84.5 - $86.5 ($0.32) - ($0.36) 300 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 14#15Business 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 December 31, 2022 TAM estimate from Savills World Research and the Company III MMI >$327T Global Real Estate Assets 20B Spaces Globally <0.1% Digital Penetration 100X Rest of Market in digital twins 28B square feet managed 9.2M digital twins New cloud platform for enterprise Launched all new Pro3 camera 3B+ 3D Data Points 701K Subscribers 177 Countries 24% of Fortune 1000 52% Y/Y Q4 total revenue growth 122% Y/Y Q4 services revenue growth 107% Y/Y Q4 product revenue growth Prior Experience: Apple, Google, Salesforce, Mailchimp, 8x8 15#16Appendix#17GAAP to Non-GAAP reconciliation - Net Loss and Loss per Share Three Months Ended December 31, GAAP net loss Stock based compensation expense (1) Acquisition-related costs (2) Transaction cost (3) Amortization expense of acquired intangible assets Change in fair value of common stock warrant liabilities (4) Change in fair value of contingent earn-out liability (5) Impairment of investment Payroll tax related to contingent earn-out share issuance (6) Non-GAAP net loss GAAP net loss per share attributable to common stockholders, basic and diluted Non-GAAP net loss per share attributable to common stockholders, basic and diluted GAAP weighted-average shares used to compute net loss per share, basic and diluted 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 SOGENNE $ Represents 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 $ $ $ 2022 (60,350) $ 33,140 443 (888) 1,093 (26,562) $ (0.21) (0.09) 289,164 289,164 $ $ 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 Consists of the transaction costs associated with warrants instrument issuance 2021 (160,990) $ 68,847 887 24,194 41,976 (25,086) (0.66) (0.10) 244,678 244,678 $ $ $ 2022 Fiscal Year Ended December 31, (111,339) 152,788 1,294 1,411 (27,035) (136,043) 1,093 1,164 (116,667) (0.39) (0.41) 283,585 283,585 $ $ $ $ 2021 (338,060) 100,844 887 565 48,370 140,454 (46,940) (2.58) (0.23) 131,278 70,561 201,839 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 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-related costs, transaction costs, impairment of investment, 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 loss per share attributable to common stockholders, basic and 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. 17#18GAAP 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 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 12/31/2021 12/31/2022 12,985 27 67% 100% 24% -23% 1,980 (3,159) 11,833 29% 1,494 137 1,245 2,876 7% 14,479 75% 27 100% 26% 2,117 (1,914) -14% 14,709 36% 12,306 284 471 (1,813) 11,248 548 592 1,100 2,240 75% 100% 13% -28% 42% 8% 12,854 78% 284 100% 1,063 28% -11% (713) 13,488 50% 12/31/2022 Fiscal year ended 49,530 67% 100% 97 8,276 30% (6,057) -17% 51,846 38% 4,820 907 3,592 9,319 54,350 74% 97 100% 34% -7% 45% 7% 9,183 (2,465) 61,165 12/31/2021 46,521 4,761 2,546 6,143 59,971 790 880 1,610 3,280 47,311 4,761 3,426 7,753 63,251 76% 100% 20% 19% 54% 3% 77% 100% 27% 24% 57% 18#19GAAP to Non-GAAP reconciliation - Loss from Operations Non-GAAP Reconciliation - Loss from Operations ($000s) Three months ended 12/31/2022 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: 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 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 11,833 2,876 14,709 18,421 7,833 270 10,318 55,779 22,431 173 33,175 (62,367) 33,140 443 (28,784) 12/31/2021 11,248 2,240 13,488 27,780 18,804 8,976 78,748 47,803 887 30,058 (95,280) 68,847 887 (25,546) Fiscal year ended 12/31/2022 51,846 9,319 61,165 85,025 35,365 1,065 505 48,090 242,306 108,104 1,294 346 659 131,903 (275,485) 152,788 1,294 1,411 1,164 (118,828) 12/31/2021 59,971 3,280 63,251 55,379 25,733 29,646 152,360 71,831 887 79,642 (147,768) 100,844 887 (46,037) 19