#1MONDEE Investor Presentation #1 IN August 2023#2Safe Harbor Statement (Under the Private Securities Litigation Reform Act of 1995) Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by words such as: "believe," "can", ""may," "expects," "intends," "potential," "plans," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding the Company's future growth, performance, business prospects and opportunities, strategies, expectations, future plans and intentions or other future events are forward looking statements. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Management believes that these forward-looking statements are reasonable as and when made. However, the Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the ability to implement business plans and forecasts, the outcome of any legal proceedings that may be instituted against the Company or others and any definitive agreements with respect thereto, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees, the ability of the Company to maintain compliance with Nasdaq's listing standards, and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's subsequent filings with the SEC. There may be additional risks that the Company does not presently know of or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. In light of the significant uncertainties in these forward-looking statements, you should not rely upon forward-looking statements as predictions of future events. Except as required by law, Mondee undertakes no obligation to update publicly any forward-looking statements for any reason. Market and Industry Data This presentation includes market and industry data and forecasts that the Company has derived from independent consultant reports, publicly available information, various industry publications, other published industry sources, and its internal data and estimates. Independent consultant reports, industry publications and other published industry sources generally indicate that the information contained therein was obtained from sources believed to be reliable. Although the Company believes that these third-party sources are reliable, it does not guarantee the accuracy or completeness of this information, and the Company has not independently verified this information. The Company's internal data and estimates are based upon information obtained from trade and business organizations and other contacts in the markets in which the Company operates and management's understanding of industry conditions. Although the Company believes that such information is reliable, it has not had this information verified by any independent sources. Non-GAAP Measurements In addition to disclosing financial measures prepared in accordance with generally accepted accounting principles in the United States (GAAP), this presentation and the accompanying tables include adjusted EBITDA non-GAAP net income, and non- GAAP EPS. These non-GAAP financial measures are not calculated in accordance with GAAP as they have been adjusted to exclude the effects of stock-based compensation expenses, provision for income taxes, and the impacts of depreciation and amortization. Mondee defines adjusted EBITDA as net loss before depreciation and amortization, provision for income taxes, interest expense (net), other income net, stock-based compensation, and gain on forgiveness of PPP loans. Non-GAAP net income (loss) is defined as net loss before the impacts of amortization of intangibles, provision for income taxes, stock-based compensation, and one-time items. Non-GAAP net income (loss) per share is defined as non-GAAP net income (loss) on a per share basis. See "Reconciliation of GAAP to Non-GAAP Financial Measures" for a discussion of the applicable weighted-average shares outstanding.Mondee believes these non-GAAP financial measures provide investors and other users of its financial information consistency and comparability with its past financial performance and facilitates period-to-period comparisons of its results of operations. With respect to adjusted EBITDA and non-GAAP net loss/ income, Mondee believes these non-GAAP financial measures are useful in evaluating the Company's profitability relative to the amount of revenue generated, excluding the impact of stock-based compensation expense and other one-time expenses. Mondee also believes non-GAAP financial measures are useful in evaluating its operating performance compared to that of other companies in its industry, as these metrics eliminate the effects of stock-based compensation, which may vary for reasons unrelated to overall operating performance.Mondee uses these non-GAAP financial measures in conjunction with traditional GAAP measures as part of its overall assessment of the Company's performance, including the preparation of its annual operating budget and quarterly forecasts, and to evaluate the effectiveness of its business strategies. Mondee's definition may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish this or similar metrics. Thus, Mondee's non-GAAP financial measures should be considered in addition to, not as a substitute for, nor superior to or in isolation from, measures prepared in accordance with GAAP. These non-GAAP financial measures may be limited in their usefulness because they do not present the full economic effect of Mondee's use of stock-based compensation. The Company compensates for these limitations by providing investors and other users of its financial information a reconciliation of the non-GAAP financial measure to the most closely related GAAP financial measures. However, Mondee has have not reconciled the non-GAAP guidance measures disclosed under "Financial Outlook" to their corresponding GAAP measures because certain reconciling items such as stock-based compensation and the corresponding provision for income taxes depend on factors such as the stock price at the time of award of future grants and thus cannot be reasonably predicted. Accordingly, reconciliations to the non-GAAP guidance measures are not available without unreasonable effort. Mondee encourages investors and others to review its financial information in its entirety, not to rely on any single financial measure and to view non- GAAP net loss/ income and non-GAAP net loss/ income per share in conjunction with net loss and net loss per share. Trademarks This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SMO or ® symbols, but Mondee will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. 2#3Second Quarter 2023 Results MONDEE#4Disrupts Travel with Revolutionary Al Platform MONDEE Travel experts Influencers Travelers Organizations MONDEE © 2023 All Rights Reserved | 4#5Abhi - Al Travel Marketplace Book in social platform of choice Global content hub 2.0 Enhanced content for air, hotel, car, cruise, packages, ancillaries Build itineraries $ First-in-kind CRUISE PLATFOR M MOBILE APP Seamless desktop to mobile experience Collaborate with friends or family to book travel 20+ Currencies and languages Experience Abhi, First Fully Integrated Al Travel Assistant Engages with users in meaningful conversations Understands complex questions Offers comprehensive responses Provides personalized suggestions Completes bookings and makes changes to existing bookings Abhi can create a custom travel experience guide W d Cuentice Have A w DAY 1 Mykonos WLY AN Little Venice La Vic area of Mylene that is located on the went is known for its co baldings, streets, and charming trans The ama is also populse weth twartata, who come to stay the the Agan Sea and the LUOK do on the strade et Myth of the town cente The ansis 14 Sec W dan style bublings all the The su want. These ings are really while with ble trim, and they have balconies that overlook th of The area is a popraw to the views of the Argesn Sea and the senses Location LM Lindle Vexine is a charming ace of Mykanos that in full of land is a great place to visit Joaking or a unique and memorable experime with he will soon and cafes MONDEE Prasad, we are curated inay for you with love, in order to you have the opportunity to mak you will ever 0 What is the trendiest beach club in Greece right now for someone in their 30s who likes house music? If you're looking for a trendy beach club in Greece that plays house music, then you should check out Cavo Paradiso. It's located on the island of Mykonos and is known for its beautiful beaches, its lively atmosphere, and its amazing house music. T Mese Explore Your 5 Day Trip to Mykonos, Greece DAY 1 MYKONOS Support 11. 11.11.2014 Tip Mykonos DAY 2 Delos Mykonos 14 Prasad Gundumogula 02/11/2023 12:06 PM 1:40 (T) Paradise Beach DAY DEL Hag Greece right ho likes house music? 02/11/2023 12:03 PM each club in Greece ou should check out the island of beautiful beaches mazing house mmer long and is a nd tourists alike se choose Main needs or talk to our WAS T#6Chairman's Message Prasad Gundumogula Founder, Chairman, and Chief Executive Officer 1 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. 2 Excluding contingent earn-outs. Mondee's second quarter 2023 ("Q2 23") accomplishments in key areas were marked by... Delivered Strong Q2 23 Results, Despite International Travel only ~88% Recovered Gross revenue of ~$708 million, 112% of second-quarter 2022 (Q2 22's) $635 million. Net revenue of ~$57 million, 124% of Q2 22. Adjusted EBITDA¹ of ~$4.4 million, 118% of Q2 Q22. ● ● ● Launched Al-Powered Travel Marketplace, Investing to Support Adoption Stat-of-the-art unified Al cloud platform for travel experts, freelancers, influencers, and agencies. Net-gen conversational commerce with omni-channel social interface. Cruises launched along with enhanced global air, hotel, cars, packages, and ancillary content. Mobile app, multi-currency and -language support, self-service, and many other new features. ● ● ● ● Skypass, Consolid, and Interep Acquisitions, Continued Third Wave of Acquisitions August acquisition of Skypass for ~4X 2022 adjusted EBITDA². In May 2023 acquired Consolid and Interep for approximately ~4X and ~3X 2022 adjusted EBITDA². January 2023 acquisition Orinter for ~4X 2022 adjusted EBITDA². ● ● ● Russell 2000 Addition and Secondary Offering Joined Russell 2000 Index as the largest travel-tech addition. Secondary offering by existing shareholders, increased trading volume and institutional participation. Enhanced Leadership and Marketing Teams Welcomed Miten Mehta as Head of Al solutions and Geetika Gupta as Chief People Officer. Enhanced world-class marketing team with prior experience at Amazon, Google, and Microsoft. ● ● 6#7Mondee M&A Strategy and Year-to-Date Acquisitions Rationale U Accelerate Organic Growth Synergies پر Accretive Valuation MONDEE M&A Strategy ORINTER A MONDEE COMPANY • Expanding presence in key markets • Accelerating organic growth • Delivering synergies • Transacting at accretive valuations ● ● Unique product, distribution and tech Faster than developing components internally Realizing revenue and cost synergies Acquiring companies that improve Mondee's metrics at accretive valuations Acquisition interep Acquisition ✓ Expands content and distribution in Brazil and Latin America ✓ Access to Orinter's direct hotel contacts ✓Leverage Orinter's distribution of 4,800+ travel experts ✓Orinter enjoys 13% take rate and 30% EBITDA margin VIAJAR ✓Purchase price of ~$40 million implies multiple of -4X Orinter's 2022 EBITDA of $9.3 million ✓ Expands luxury content and distribution in Brazil and Latin America ✓ Access to Interep's direct hotel contacts ✓Leverage Interep's local expertise and distribution of 3,100 active travel experts ✓Natural expansion to Mondee's geographic footprint to growth regions throughout the globe CONSOLID ✓Interep enjoys 9.5% take rate and 28% EBITDA margin México ✓Purchase price of $8.9 million implies multiple of 3.2X Interep's 2022 EBITDA of $2.8 million Acquisition ✓ Expands content and distribution in Mexico and Latin America ✓ Access to Consolid's direct hotel contacts ✓Cross Selling opportunities ✓ Revenue and cost synergies through the deployment of Mondee's superior tech ✓Leverage Consolid's local expertise and distribution of 1,000 customers globally ✓Consolid generated adjusted EBITDA of $1M+ in 2022 THE SKYPASS ✓Purchase price of approximately $4 million, implies an EBITDA multiple of 4X GROUP Acquisition ✓ Expands distribution to SMBs and international corporations ✓ Access to Skypass's hotels, cruises, vacation packages, recreational travel, and humanitarian ✓Leverages Skypass's local expertise and distribution of SMBs and International consulting firms ✔Skypass generated adjusted EBITDA of $4M in 2022 ✓Purchase price of approximately $15M imples an EBITDA multiple of ~4X#8Second Quarter 2023 Financial Highlights -$708M | 12% Gross Revenue and Growth ¹ 721K+ | 31% Transactions and Growth All figures as of and for the quarter ended March 31, 2023 unless otherwise noted 12Q23 Compared with 2Q22 -$57M | 24% Net Revenue and Growth1 2 As a percentage of net revenue 3 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. ~$4.4M | 8% Adjusted EBITDA and Adjusted EBITDA Margin2,3 8.0% | 12% Take Rate and Growth 8#9Balance Sheet Summary ($ millions, except share numbers) Cash, Cash Equivalents and Restricted Short-Term Investments Total Debt Redeemable Preferred Stock Diluted Shares Outstanding June 30, 2023 $57.9 (includes $8.9 of restricted cash) $153.8 (includes $8.3 of current portion of LTD) $89.0 84.7#102023 Guidance and Long-Term Model ($ millions) Take Rate Net Revenue YOY Growth Sales, Marketing and Other Expenses Adjusted EBITDA % Margin 2019A 5.5% $93 24% 59% $13 14% 2022A 7.4% $159 71% 72% $12 ($16 including deferred items¹) 7% (10% including deferred items¹) 2023E² $245-250 55% $25-30 11% 1 See bridge in slide 27 and Form 8-K filed on April 10, 2023 2 These long-term targets are forward-looking, are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. Nothing in this presentation should be regarded as a representation by any person that these objectives will be achieved and the Company undertakes no duty to update its objectives as circumstances change. Long-Term Target² Double-digit 30%+ 30%+ 10#11Full Presentation MONDEE#12We Have a Proven C-Suite Team Aligned to Execute Our Vision Executive team with 125+ years of combined experience in the travel and hospitality industry Prasad Gundumogula Chairman, Chief Executive Officer, and Founder Serial entrepreneur. Founder of Metaminds, Explore Trip, LogixCube, POD Technologies with successful exits Jim Dullum Chief Operations Officer Experienced travel and technology executive and entrepreneur. Former EDS (an HP company), BTI Americas, Citicorp Yuvraj Datta Chief Commercial Officer Experienced travel executive focused on supplier and revenue management, Skylink Orestes Fintiklis Vice Chairman and Chief Corporate Strategy and Business Development Officer Founder and Managing Director of Ithaca Capital. Former CEO of ITHAX Acquisition Corp. Kymber Lowe Chief Marketing Officer Experienced marketing executive. Former Microsoft, Amazon, Lifelock, and VISA Geetika Gupta Chief People Officer Experienced global talent management and organizational development executive, Accenture Jesus Portillo Chief Financial Officer Experienced global CFO. Former WPP, ThriveDX, Illumno Venkat Pasupuleti Chief Technology Officer Experienced CTO and entrepreneur. Former Avesta, Zoom Interview, Eze Technologies Meredith Waters General Counsel Experienced corporate attorney. Former Apple Inc., Kirkland & Ellis LLP 12#13Enabling the Modern Travel Ecosystem Content Suppliers Airlines Discounted Content Long-term Contracts Real-time Pricing Data RMS Integration Hoteliers Wholesalers 500+ Airlines 1M+ Hotels, Vacation Rentals, Rental Cars ¹As of May 31, 2023. Inclusive of Management estimates Ancillary Providers MONDEE Software $ Fintech One of the Largest in North America Wholesale Airfare¹ 80% International Leisure Experiential ↑ Travel Experts Content Consumers Access to Curated Supply Modern Tech Platform SaaS Tools to Operate Efficiently Significant Cost Savings Corporations BA Inn SMB SMB's & Nonprofits ~60K B2B Customers¹ 125M+ Closed User Group Access¹ Consumers 13#14We Are Disrupting the Massive Global Assisted / Affiliated Travel Market Mondee's gross revenue total addressable market is primarily the $1T and growing assisted/affiliated travel market Global Travel Spending:~$2.1T (2023E) Self Service Good GUIS • Retail Prices Low Tech No Touch ● ● Metasearch trivago ¹Based on management estimates. Sources: PhocusWright, IBIS, Management Estimates KAYAK Airline, Hotel, Car Rental Sites Marriott. ADELTA OTAS →Expedia® Booking.com ~$1.0T 49% Mix ~$1.1T 51% Mix MONDEE ~50/50 business / leisure mix¹ ~50/50 domestic / international mix¹ Many users transact on both sides Travel Agencies Clubs & Closed User Groups Gig Economy Workers loal SMB AA SMBs & Businesses Travel Management Companies (TMCs) Assisted/Affiliated Poor GUIS • Legacy ● ● ● Low Tech High-Touch Service 14#15A Leading B2B2C Tech Platform to Travel Ecosystem Legacy Distribution Technology Platforms Suppliers Airlines F Hoteliers Wholesalers Ancillary Providers 000 E 20 G/FOR ● 1444 L HING 319/ COMAND XXXX. COMAND. XXXX*** COMAND COMAND XXXX COMAND COMAND GOMAND.XXXX - COMAND XXXX COMAND XXXX Travel Agent Incomplete content (e.g., no low-cost carriers, no alternative accommodations) • Text-based; not extendable to mobile • Lack of modern messaging capabilities • Credit-card focused for payments Inability to link search results and marketing messaging Mondee helps suppliers optimize inventory and utilize excess capacity w WR25 BO Mondee's Platform United Airlines Lot Polish Airlines ARTS ww12 www125PM MacBook Ar Uso $459.78 Ch Beled USD $754,5 Select 7 Fede 52m 1000 L L T My > The night s Time Drone 5- Se StarD Comprehensive global content • Modern user experience, extendable to mobile M • Full suite of communication tools - integrated phone, email, SMS, and chat • Fintech platform, tailored to the travel market • Multi-channel marketing platform Consumers Travel Agents Corporations SMB's & Nonprofits A A SMB Consumers (subscription members) Mondee helps customers modernize technology, gain access to broader content, and narrowcast their distribution 15#16Pre-Pandemic Record of Rapid Growth and Market Share Expansion Mondee is building on a track record of exponential profitable growth, disruptive market penetration and delivering on key operating metrics since launching its initial modern operating system. 5.4M Air Transactions 23% Adjusted EBITDA Margin in 2019 $171M Organic + Inorganic Revenues in 2019 $40M Adjusted EBITDA in 2019 50M Daily Searches $3B Gross Sales through the Marketplace 40% and 62% Organic and Inorganic CAGR's, 2015-2019 Hotel, Car, Cruise, Ancillary Expansion MONDEE founded 2011 TRIPPRO Launch¹ 25 2015 Market share² (%) 1.9 62% CAGR, incl. M&A 48 2016 2.2 40% Organic CAGR 54 2017 Net Revenue ($Millions) 2.4 Sources: Mondee financials, PhocusWright ¹In conjunction with the launch of TripPro, Prasad Gundumogula led a management buyout of the business and became CEO 2Market share defined as Mondee's gross revenue as a proportion of gross revenues generated from B2B airfares for the North American market 3Midpoint of 2023 guidance 75 2018 3.5 2.4x Market share growth 170 77 93 2019 4.6 Ĵ 69 2020 93 2021 2019 $70b NA wholesale Airfare market 159 2022 248 2023E Acquisitions Organic Growth 16#17Compelling Economic Model with Diversified Revenue Streams Pre COVID 2022 LT Target Nă International Travel Recovery¹ (Especially China) 69% 100% ¹Source: OAG.com, relative to 2019 Take Rate ~4-5% 7.4% Double Digits Air Transaction Mix -50% Consumer Economics Markup 100% ~80% Net Revenue Mix Supplier Economics Commissions GDS/NDC Fintech No Inventory Risk No Supplier Concentration No Customer Concentration Strong Network Effects Diversified Revenues Ancillaries Subscriptions 17#18The Gig Traveler is Setting the Pace for Social Commerce in Travel Needs and Requirements Intermediaries and Distribution Solutions: services Products and Aggregated Content Accessibility to inventory Pricing/Fare Transparency Travel Affiliates SMES, Corporate Ⓒ 199 Pre-2000s Boomers Personal computing Travel Agents Managed Travel Electronic Web Payment Price Sensitive Self-Service Support Search-based Content Ⓒ 2010s Gen X Online Cloud Privacy 2020s Self Serviced Travel Millennials "Bleisure" Personalization Experiential Groups Online Support Content Travel Experts Mobile Shifting Influence Levels Gig Traveler Influencers Cost-Sensitive Return-to-Travel Al & Machine Learning 2025s Gen Z Real-Time, Always On FOMO Curated Content Multi-Tasker/Role Functionality Content Curators Member-Based Travel Conversational Commerce Social Commerce 18#19We Are Unlocking Multiple B2B2C Growth Drivers Market Gain Market Share Air Hotels Car Rentals International Travel Recovery Ne China and other markets MONDEE New Content & Technology Experiential Content 4 Cruises Tours Concerts/Events Enhanced Monetization Fintech Digital Cards Subscriptions Additional Geographies LATAM India Europe New Distribution Social Commerce Local Experts Influencers Gig Economy Inorganic Growth Content Technology Distribution Social Commerce 19#20Demonstrated Track Record of Recovery and Product Expansion FOUNDATIONAL ACQUISITIONS CONTENT: AIR $25M 2011-2014 TRIPPRO DISTRIBUTION: TRAVEL AGENTS GEOGRAPHIES: NORTH AMERICA OUTBOUND 1. Pro Forma for 2019 and 2020 acquisitions. 2.2Q23 TTM. Note: Figures denote Net Revenues LAUNCHED MODERN TECH PLATFORM $170M¹ O $93M 2015-2018 EXPANSION ACQUISITIONS HOTELS & CAR RENTAL GIG ECONOMY SMBs & MEMBER ORGANIZATIONS 2019 tripplanet LAUNCHED CLOSED USER GROUP BRAND 2020 Nasdaq: MOND 2021 PUBLICLY LISTED ON NASDAQ CRUISES & THEME PARKS $181M² INTERNATIONAL OUTBOUND 2022 INFLUENCERS 2023 ALL TRAVEL CONTENT CLOSED GROUPS GLOBAL TRANSFORMATION 20#21Proven Ability to Execute On Synergistic Acquisitions Mondee has been successful in executing and maximizing the value of acquisitions, regardless of market conditions 1 2 3 4 2011 FOUNDATIONAL ACQUISITIONS Skylink One of the largest North American consolidator serving India Exploretrip Retail flight business and technology platform cFares Metasearch engine C&H One of the largest North American consolidator serving Asia 5 6 7 2012 2013-18 TransAm One of the largest North American wholesaler serving South America and the South Pacific Hariworld Consolidator focused on the Middle East and Southeast Asia Aavan Vacations Tour company with extensive content 1 2 3 4 2019 EXPANSION ACQUISITIONS LBF Travel Retail travel company with extensive call center operations Hotelwiz Hotel content hub Bookingwiz Marketing and ad platform for travel Avia Travel Travel club platform 5 7 2020 2021-22 Cosmopolitan Travel Services One of the largest and fastest growing North American wholesaler Leto Travel Canadian consolidator Rocketrip Corporate travel incentives platform 3 THIRD WAVE OF ACQUISITIONS 2023+ Orinter Brazil and LATAM hotel, Air, transportation wholesaler Consolid Mexico hotel, Air, transportation wholesaler Interep Brazil luxury hotel, Air, transportation wholesaler Content Technology Distribution 21#22Financial Overview MONDEE#232022 Financial Highlights $2.2B | 130% Gross Revenue and Growth¹ 2.1M+ Transactions All figures as of and for the year ended December 31, 2022, unless otherwise noted 1 2022 Compared with 2021 2 As a percentage of net revenue 3 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. $159M | 71% Net Revenue and Growth¹ 7.2% Take Rate $11M | 7% Adjusted EBITDA and Adjusted EBITDA Margin2,3 ($16M | 10% EBITDA including deferred items³) 1,283 bps Adjusted EBITDA Margin Expansion 1,3 23#24We Accelerated Our Growth Despite Slower Market Recovery in International Travel $1,658 2019 Annual Gross Revenue ($ millions) $450 2020 CAGR: 118% $966 2021 $2,223 2022 Average Net Revenue Per Transaction (ARPT) ($) $27 2019 $65 Take Rate Improvements 2020 $71 2021 $75 2022 24#25Driving Towards Growing Profitability Adjusted EBITDA and Margin ($ millions) 14% 23%1) $401 $13 2019 (37%) ($24) 2020 (6%) ($5) 2021 ¹ Represents EBITDA and margin pro-forma of acquisitions done in 2019 and 2020. 2 See Appendix of this presentation for non-GAAP reconciliation tables 3 Midpoint of 2023 guidance 4 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables 7%² $122 2022 11%³ $28 3 2023E Drivers of Margin Expansion Market Share Gain Take Rate Expansion Operating Leverage Fintech & Subscription Products Disciplined, Accretive M&A#26We are Supported by Improving Operating Leverage Cash Based Opex as % of Net Revenue: 92% Annual Cash Based Opex ($ millions) $86 2019 Personnel 154% $102 2020 MONDEE Sales & Marketing 1 Excludes stock-based compensation expense of $17K, $15K, $4M, and $62M in 2019, 2020, 2021, and 2022, respectively. 2 Also excludes a one-time $2.1 million restructuring expense. G&A 120% $112 2021 Information Technology Other 101% $161 2022² 26#27We Are a Travel Market Leader with a Superior Combination of Growth and Margin 2024E Revenue Growth + 2024E EBITDA Margin 56% MONDEE 53% AMADEUS Source: Wall Street estimates via CapitalIQ as of 8/10/23 49% airbnb 45% BOOKING HOLDINGS 42% Trip.com AMERICAN EXPRESS 35% GLOBAL BUSINESS TRAVEL 32% make my trip 31% e expedia group 30% Sabre 30% Rule of 40 Tripadvisor 27#28Key Investment Highlights Disrupting the Massive Global Travel Market Next-Gen Travel Tech Platform Proven Leadership Team I Significant Barriers to Entry 13 9 Multiple Levers of Growth Profitable Growth with Expanding Margins 28#29Appendix MONDEE#30Travel Industry Update Mondee is well positioned in the current macro environment with 80% North America outbound international travel, mostly leisure. $ Industry wide labor shortages, which impacted air and hotel supply as well as prices early in the year, are abating and expected to return to normal levels by year end. TOT v E Eo 2Q23 North America domestic air ~101% ¹ recovered to 2019 levels, international only ~88%.1 China reopened for in-bound travel in January 2023, which provides ongoing tailwind. Supply is expected to expand with airline fleet and hotel property additions. For example, Air India and United's recent purchase of hundreds of new aircraft and Hilton's brand additions. Gen Zs and Millennials now represent largest travel purchasing and influence. New social media driven curation capabilities are required in travel marketplaces to meet this demand. Earlier headwinds of higher prices and recession fears are also abating. By the end of the summer, we expect a more normal travel environment in which Mondee continues to thrive. 1OAG.com 2023 vs 2019 cumulative domestic and international scheduled air seats as of 6/30/2023 30#31Post-Nasdaq-Listing Capital Structure Improvements Raised $85M of Preferred Equity Growth Capital announced on 9/29/22 Purchased 12M $ $ Public Warrants via Tender Offer Process announced on 10/21/22 Enables Mondee to execute aggressive M&A strategy Limits potential dilution and simplifies capital structure Use of proceeds Cash on Balance Sheet to Support Organic Growth Plans 100% of public warrants retired Creates value for common shareholders Working Capital and FinTech optimization Focuses long-term investors attention on the common equity 31#32Mondee Leverages its Content Flywheel and Tech Platform to Revolutionize Social Travel Ability to Customize t!t Social Commerce Mobile First ZE Enabling Gig Economy in Travel Expert-Based Community Model MONDEE Tr O K One-Stop Shop S Access to Experts High Quality Experiences Pre-Curated Offering 32#33Without Mondee, Booking a Curated Trip is a Neverending Headache The average person searches 20+ sites when planning a curated trip StubHub Lufthansa UNITED tkts SEAT GEEK TURKISH AIRLINES VIVidseats RESY DELTA Tickets OpenTable Air Emirates Reservations thefork a Tripadvisor.company tock airbnb HILTON WORLDWIDE Lodging Tours/ Experiences HYATT (viator Marriott Car Rental Vrbo Tours 8 LOCALS AVIS enterprise TURO Hertz GET YOUR GUIDE Budget LOOK 33#34Board of Directors with Diverse Experience Mondee's Board of Directors with diverse and extensive experiences in public companies. Prasad Gundumogula Chairman, Chief Executive Officer, and Founder Orestes Fintiklis Vice Chairman and Chief Corporate Strategy and Business Development Officer Roopa Purushothaman Chief Economist, Head of Policy Advocacy, Tata Sons Private Limited Asi Ginio Co-Founder, Former CPO, COO, CEO, Tourico Holidays Inc. Noor Sweid Founder, General Partner, Global Ventures Mona Aboelnaga Kanaan Managing Partner, K6 Investments LLC Pradeep Udhas Co-Founder, Senior Advisor, KPMG India 34#35Reconciliation of GAAP to Non-GAAP Financial Measures 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 462,931 549,729 591,760 533,110 2,137,530 665,173 721.464 8.1% 7.2% 6.6% 6.9% 7.2% 7.1% 8.0% 479,595 634,695 600,500 508,062 2,222,851 699,237 707,766 39,067 45,656 39,753 35,008 159,484 49,929 56,771 190% 94% 74% 71% 28% 24% 17% 17% (13)% (12)% 43% 14% KEY METRICS Transactions Take rate Gross revenue Net revenue Yo Y Growth QoQ Growth ADJUSTED EBITDA RECONCILIATION Net income (loss) Interest expense (net) Stock-based comp exp Payroll tax expense related to stock- based compensation Depreciation & amortization Restructuring expense Changes in fair value of Warrant liability Legal expense Income tax provision Gain on forgiveness of PPP loan Warrant transaction expense M&A costs Other expenses (income), net Change in FV of acquisition earnout Other non-recurring expenses Sale of export incentives Adjusted EBITDA Adjusted EBITDA margin Deferred items Supplier contract renegotiation² Chargeback recoveries Total Adjusted EBITDA Total Adjusted EBITDA margin FY22 1Q22 2Q22 3Q22 4Q22 1Q23 (5,577) (2,113) (64,321) (18,227)| (90,238) (12,915) 6,102 6,467 7,129 6,319 80 81 55,236 6,645 26,017 7,870 62,042 2,561 2,817 2,769 ||||||5 54 236 (2,009) | | 2,963 2,130 (683) 321 3,627 3,756 9.3% 1 151 (915) 1,080 (760) 3,221 412 791 744 (484) 326 (624) 760 (117) 3,855 8.2% 9.7% (0.3)% 2,768 989 3,640 10.4% 11,770 2,542 108 744 127 (2,009) 326 (308) (760) 760 11,121 7.0% 2,768 989 14,878 9.3% 3,386 1,529 21 662 699 279 (322) 171 216 4,157 8.3% 2Q23 (14,608) 8,125 4,804 86 3.803 (168) (393) 577 2,008 264 (984) 530 394 4,438 7.8% MONDEE © 2023 All Rights Reserved | 35#36Reconciliation of GAAP to Non-GAAP Financial Measures ADJUSTED NET INCOME RECONCILIATION Net Income (loss) Stock-based comp exp Amortization - intangibles Income tax provision One-time expenses Adjusted Net Income (Loss) Deferred items Supplier contract renegotiation² Chargeback recoveries³ Total Adjusted Net Income (Loss) ADJUSTED EPS RECONCILIATION Net income (loss) Common shares outstanding Net loss per share (EPS) Adjusted net income (loss) Diluted shares outstanding Adjusted EPS Total adjusted net income (loss) Diluted shares outstanding Total adjusted EPS 4Q22 1Q22 2Q22 3Q22 (5,577) (2,113) (64,321) (18,227) 80 81 55,236 6,645 1,584 1,584 1,586 236 321 (484) 1,584 54 168 (2,683) 1,675 2,492 (3,691) (2,895) (5,505) (7,988) 2,768 989 (4,231) FY22 1Q23 2Q23 (90,238) (12,915) (14,608) 62,042 2,561 4,804 6,338 1,584 1,961 127 699 2,008 1,651 (20,080) 2,768 989 (16,323) 2,662 (5,409) 1Q22 2022 3Q22 4Q22 FY22 1Q23 (5,577) (2,113) (64,321) (18,227) (90,238)| (12,915) 60,800 60,800 72,463 82,266 69,082 83,749 (0.09) (0.03) (0.89) (0.22) (1.31) (0.15) (3,691) (2,895) (5,505) (7,988) (20,080) (5,409) 94,600 94,600 94,600 83,866 91,917 83,749 (0.04) (0.03) (0.06) (0.10) (0.22) (0.06) (4,231) (16,323) 83,866 91,917 (0.05) (0.18) 810 (5,025) 2Q23 (14,608) 77,198 (0.19) (5,025) 84,685 (0.06) 4Net loss per share (EPS) for 2023 excludes cumulative dividends allocated to preferred stock holders Note that our definition of adjusted EBITDA, adjusted net income (loss), and adjusted EPS have been modified. Please see our 10-Q filing for more information. MONDEE © 2023 All Rights Reserved | 36