#1Matterport November 6, 2023 | Third 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 the impact of Matterport's restructuring announced in July 2023 and 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 highlights 808 $ 000 3 Q3 subscription revenue reached $22.9 million, up 20% year-over-year & above guidance range Q3 total revenue of $40.6 million, above the high end of guidance range Total subscribers increased to 887,000, up 35% year-over-year Q3 Non-GAAP Loss Per Share of $0.04, a 56% improvement year-over-year Spaces Under Management increased to 11.1 million, up 28% year-over-year Announced expanded Procore integration & deepened relationship with Autodesk Beta release of new Al-powered insights trained with Matterport's massive spatial data library 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 27" 7" 32'4" 8'10" 6'4" 12' 1"#4Our pioneering technology has set the standard for a decade... Matterport transforms buildings into data. 16'8" 12'8* 7' 10' 3' 10" 13'6" 2'8" 11'9' 25' 10" 6'11" 2¹8" and we are raising the bar for the future 8' 6" 8'9" 8' 3" Our spatial data increases the value of every building.#5Strong growth continues in Spaces Under Management & paid subscribers 12.0 10.0 8.0 6.0 4.0 2.0 0.0 4.9 $162M run-rate revenue Spaces Under Management (millions) 5.6 6.2 6.7 7.3 8.0 8.7 9.2 9.9 10.5 11.1 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 11.1M Spaces Under Management 1000 750 500 250 0 331 404 54 H| 51 439 49 1Q21 2Q21 3Q21 503 55 Subscribers (thousands) 562 58 616 35B Sq ft managed 657 701 63 62 64 III 4Q21 1Q22 2Q22 3Q22 4Q22 Notes: Run-rate revenue is the annualized value of total revenue for the three months ended September 30, 2023. Spaces Under Management, square feet managed are as of September 30, 2023. Unaudited Total Subscribers -Paid Subscribers 771 67 827 887 71 1Q23 2Q23 3Q23 80 70 60 50 40 5#6Growing global customer base with low customer concentration 100+ Enterprise accounts with >$50K ARR across diverse verticals Real Estate REDFIN CENTURY 21 ENGEL&VÖLKERS RE/MAX RE/MAX JLL kw JLL AEC BURNS MCDONNELL Gilbane Hines 170+ Countries 25%+ of Fortune 1000 Travel & Hospitality agoda vacasa HYAITⓇ airbnb Repair & Insurance BELFOR (0) Nationwide Service Master <10% of subscription revenue from top 10 customers Industrial & Facilities SIEMENS DANONE ONE PLANET. ONE HEALTH INVISTA H&M GP Georgia-Pacific#7SIEMENS A global manufacturing and technology powerhouse Tour the Siemens Facility Challenges Enable internal stakeholders and customers to perform thorough review of production and assembly line setups for as long as necessary, without disrupting operations Conducting meetings during a production without noise, physical safety, and accessibility issues Results Eliminated time, noise, and space constraints of in-person group meetings on the production floor • Enabled key stakeholders to perform comprehensive review and visual analyses of assembly line design setup and process optimization remotely, improving manufacturing flexibility while fostering collaboration and communication Remotely monitor plant operations through visualized display and context of critical data from real-time loT systems DANONE ONE PLANET. ONE HEALTH A global food and beverage company Case Study Link Challenges • Strict safety and quality protocols mean that all visitors who wish to enter the production facilities must undergo safety and quality awareness training and wear protective clothing • Distributed, global employee base In-person site visits were time consuming & expensive Results Reduced travel and the company's carbon footprint with 50% decrease in in-person site visits by company personnel Hundreds of employee hours saved annually Improved understanding of manufacturing plant conditions and requirements in meetings • Weeks of time savings for equipment installations Enhanced training with high-quality virtual factory tours .#8MatterportⓇ The next generation of digital twins is here. Automated measurements and layouts now available for digital twins. ● Bedroom 95 sq ft 11-7" x 9 1 Launch Video Automated Measurements: Now when you create a Matterport digital twin, room dimensions - and soon to include ceiling height - are labeled automatically. Instant Layouts: Instantly see the layout of your property. With one click, you can easily transition between 2D and 3D layouts of your space, including labeled room names, wall segments and more. Kitchen 138 sq ft 15' 6" x 10' 10" Bath... Introducing the next generation of intelligent digital twins with new Al-powered capabilities that bring even more information and insights to our customers: Laundry 31 sq ft 65 x 5'9" Dining Room 195 sq ft 15' 10" x 13' 3 Primary Bedroom. 156 sq ft 15' 10 x 10 8 Closet... Customization: Every room in Layouts is fully editable with a simple, point-and-click tool to adjust walls, openings, and room names. Automated Property Reports: Detailed and downloadable property reporting that includes a summary of your space and a room-by-room breakdown of area and dimensions, including Multiple Listing Service (MLS) data. 8#9Financial Overview 9#10Largest sequential increase in subscription revenue growth in the last 2 years in 3023 Notes: Unaudited Subscription Revenue ($ millions) $25.0 $20.0 $15.0 $13.8 $10.0 $5.0 $15.3 $15.7 $16.5 1Q21 2Q21 3Q21 4Q21 $17.1 $18.4 1Q22 2Q22 $19.0 $19.3 3Q22 $19.8 $20.9 $22.9 III 4Q22 1Q23 2Q23 3Q23 10#11Strong growth in total revenue over the long term Notes: Revenue in millions 2023 guidance as of November 6, 2023 Unaudited $46 2019 $86 2020 CAGR ~36% $111 2021 $136 2022 $157 - $159 2023 Guidance Range 11#12Step function improvement in Non-GAAP loss per share reflecting commitment to profitability Notes: Non-GAAP Loss per share Unaudited 3Q22 $(0.09) 4Q22 $(0.09) 1Q23 $(0.07) 2Q23 $(0.07) 3Q23 $(0.04) 43% Q/Q Improvement 56% Y/Y Improvement 12#13Subscription revenue grew 20% 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 September 30, 2023 2022 22,850 28 9,936 7,828 40,642 77% 100% 35% 23% 56% 38,982 (16,088) (11,956) 18,981 21 10,015 8,976 37,993 72% 100% 35% 13% 48% 46,028 (27,650) (26,923) 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 ARR of >$91M 800 bps improvement in Non-GAAP Gross Margin, driven by meaningfully enhanced subscription & product margins Non-GAAP Net loss improved by 56% 13#14Cash used in operations improved 62% YoY on strong revenue growth and improved operating leverage ($000s) Consolidated Balance Sheet Data: Cash and cash equivalents Short-term and long-term investment Working capital (1) Property and equipment, net Total assets Total liabilities (2) Warrants liability Total stockholders' equity Notes: Unaudited September 30, 2023 80,142 349,563 400, 199 32,821 589,206 48,911 239 540,056 December 31, 2022 (1) Working capital is defined as current assets less current liabilities (2) Total liabilities do not include warrants liability that are presented at period-end fair market value and listed separately in the table 117,128 359,774 468,954 30,559 640,395 55,681 803 583,911 Cash used in operations was $15.5 million in Q3, 62% improvement YoY, including one time restructuring payment of $2.9M Strong balance sheet with $430 million in cash and investments No debt#15Raising Revenue & Non-GAAP loss per share guidance for Q4 and full year 2023 driven by continued strong demand for digital twins, combined with robust gross margins and continued operating discipline Notes: Total revenue (in millions) Subscription revenue (in millions) Year-over-year growth Non-GAAP loss per share Weighted average fully diluted shares outstanding (in millions) Q4 2023 Guidance $39 - $41 $23.0 - $23.3 19% -21% $(0.05) - $(0.03) 308 FY 2023 Guidance $157 - $159 $86.5 - $86.8 17% - 18% $(0.23) - $(0.21) 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 15#16Business highlights BEEC 808 200 & 0 NO 35B square feet managed, 11.1M digital twins, 100X Rest of Market in digital twins 887,000 subscribers with 25% of Fortune 1000 companies as customers 20% subscription revenue growth Non-GAAP Gross Margin up 800 bps 56% improvement in Non-GAAP loss per share Cloud platform serving Enterprise & SMB across diverse vertical markets - real estate, AEC, facilities management, travel & hospitality, and insurance Leveraging Al across Cortex, Property Intelligence, and Genesis technologies to drive increased revenue per account Accelerating path to profitability with cash flow from operations breakeven expected in 2024 Notes: As of September 30, 2023 TAM estimate from Savills World Research and the Company Unrivaled Al-powered technology platform and proprietary data library MatterportⓇ Massive, unpenetrated TAM Market leader digitally transforming the built world I Accelerating subscription revenue growth Commitment to operating on a profitable basis Global, blue chip customers spanning diverse end markets#17The Seinfeld Apartment Presented by Hulu The Seinfeld Apartment 2015 WW The Seinfeld Apartment 129 West 81st Street, 5A, New York City NY 10024 CSA Explore more spaces at: https://matterport.com/discover View Space ∞ {] Help Ten Matterport#18Appendix#19GAAP to Non-GAAP reconciliation - Net Loss and Loss per Share (in thousands, except per share amounts) GAAP net loss Stock based compensation-related charges (1) Restructuring charges (2) Acquisition-related costs (3) Amortization expense of acquired intangible assets Change in fair value of warrants liability (4) Non-GAAP net loss GAAP net 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 loss per share, basic $ Notes: Unaudited $ $ $ Three Months Ended September 30, 2023 2022 (44,754) $ 29,721 3,147 443 (513) (11,956) $ (0.15) $ (0.15) $ (0.04) $ 303,432 (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 severance and other employee separation costs, and cease use charges for operating lease right-of-use assets due to reduction of leased office spaces. (3) Consists of acquisition transaction costs. (4) Consists of the non-cash fair value measurement change for private warrants. (58,259) 30,671 222 443 (26,923) (0.20) (0.20) (0.09) 286,458 19#20GAAP 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 Add: Restructuring 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 Notes: Unaudited 9/30/2023 $ 2,106 68% 100% 32% 15% 19,897 49% 15,471 28 3,211 1,187 82 501 - 5 Three months ended 152 151 2,997 17,582 28 3,445 1,839 22,894 GP% 7% 77% 100% 35% 23% 56% 9/30/2022 $ 12,389 21 3,462 519 16,391 1,285 33 669 1,987 13,674 21 3,495 1,188 18,378 GP% 65% 100% 35% 6% 43% 5% 72% 100% 35% 13% 48% 20#21GAAP 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 Add: Restructuring charges Total non-GAAP gross profit and gross margin GAAP research and development expenses Less: Stock based compensation-related charges Less: Restructuring charges Less: Amortization expense of acquired intangible assets Non-GAAP research and development expenses GAAP selling, general and adminstrative expenses Less: Stock based compensation-related charges Less: Restructuring charges Less: Acquisition-related costs Less: Amortization expense of acquired intangible assets Non-GAAP selling, general and adminstrative expenses GAAP loss from operations Add: Stock based compensation-related charges Add: Restructuring charges Add: Acquisition-related costs Add: Amortization expense of acquired intangible assets Non-GAAP loss from operations Notes: Unaudited 9/30/2023 19,897 2,689 308 22,894 15,577 5,919 600 270 8,788 53,719 21,113 2,239 173 30,194 (49,399) 29,721 3,147 443 (16,088) Three months ended 9/30/2022 16,391 1,987 18,378 19,084 6,453 270 12,361 56,293 22,231 222 173 33,667 (58,986) 30,671 222 443 (27,650) 21