#1mondee Investor Presentation November 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, SMⒸ 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#3V Third Quarter 2023 Results#4Chairman's Message on Q3 2023 Results Prasad Gundumogula Founder, Chairman, and Chief Executive Officer ¹ Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. Mondee's third quarter 2023 ("Q3 23") accomplishments in key areas were marked by... Delivered Strong Q3 23 Results Net Revenue of $54.5M, up 35% from prior-year quarter, and 66% proforma excluding LBF. Adjusted EBITDA of $5.5M, up 54% from prior-year quarter. Take Rate of 9.1%, up 35% from prior-year quarter. ● External Drivers to Gross Bookings Growth International leisure travel from North America to China continues to improve. The Latin American market remains resilient, while travel to the Middle East may be impacted by recent events. Mondee's business model is resilient to potential softening of the North American travel market. ● Enhancing Al-Powered Travel Marketplace Expanding distribution to new-era intermediaries, i.e., social-media influencers, freelancers, and concierge services. Global content hub expansion, including hotels, cruises, and packages. ● ● Innovative Al Acquisition; Focus on Integration and Synergies Acquisition of Purplegrids for 1.9 million shares, adds a leading Al platform and an elite Al team. Focusing on integrating recent acquisitions, capitalizing on cross-selling opportunities and synergies, and strengthening core business and next-gen Al-powered platform. ● ● Other Positive Developments July divestiture of non-core, non-performing LBF unit, enhancing profitability. Inaugural share repurchase program on September 21, 2023. Added to the S&P Total Market Index (TMI) on September 15, 2023. Transformative rebranding on October 11, 2023. ● ● 4#5Travel Industry Update ¹,2,3 Mondee is well positioned in the current environment with 80% North America outbound international (mostly leisure) travel, our agile distribution model and leading Al platform. ¹Airline Reporting Corporation 2023 vs 2022 and 2019 US point-of-sale domestic and international ARC carrier scheduled air sales and tickets as of 6/30/2023 2Skift - State of Travel Master Deck July 2023 ³Cruise Lines International Associations: 2022 State of the Cruise Industry Outlook; Statista Report: Revenue of the Cruises Market Worldwide 2018 to 2027; Cruise Industry Worldwide: Facts & Statistics North America air sales at 2019 levels, average fares moderating from prior post-COVID highs. Industry infrastructure constraints remain, primarily personnel, but are now easing. China-led Asia market continues to rebound, though airline capacity lags. Latin American market is running ahead of 2019, especially in hotel and vacation rentals, with airline capacity fully recovered. Cruise industry almost back to 2019 T level, expected to exceed it in 2024. Pre-cruise and on-board ancillary spend higher than air fares, enabling packaged experiences opportunities. Millennials and GenZs more important, >80% planning to cruise now. v Hotel demand remains strong, supporting higher room rates. Alternative accommodation demand still growing and remains strong, vacation rentals beginning to stagnate. Labor shortages remain an issue for capacity growth. Travel industry continues to recover to its mega-trend track. Pent-up demand is moderating and demand softening slightly in some markets while others remain strong. Market demographics evolving quickly. Year-over-year increases in combined business-leisure travel. Increasing consumer use of experts and intermediaries.#6Third Quarter 2023 Financial Highlights ¹,2 696K | 18% | 47% Transactions, Reported Growth, and Proforma Growth $597M | 2% | 15% Gross Bookings³, Reported Growth, and Proforma Growth ~$5.5M | 54% Adjusted EBITDA and Growth Adjusted EBITDA Margin of 10.1% 4,5 ¹ All figures as end of the quarter ended September 30, 2023 unless otherwise noted, and 3Q23 compared with 3Q22 2 On a proforma basis, excluding LBF divestiture 3 Gross Bookings was previously called Gross Revenue; 4 As a percentage of net revenue 5 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. $55M | 35% 166% Net Revenue, Reported Growth, and Proforma Growth 9.1% | 35% Take Rate and Growth 6#7LBF Divestiture¹ ($ thousands) Reported Net Revenue Divested LBF Net Revenue¹ Proforma Net Revenue % YOY Growth Reported Adjusted EBITDA Divested LBF Adjusted EBITDA Proforma Adjusted EBITDA Proforma Margin ¹ LBF was divested on July 1, 2023 FY2022 159,484 (32,784) 126,700 11,881 (5,314) 17,195 14% 1Q23 49,929 (4,519) 45,410 54% 4,157 (4,372) 8,529 19% 2Q23 56,771 (2,226) 54,545 56% 4,438 (881) 5,319 10% 3Q23 54,532 54,532 66% 5,501 5,501 10% YTD 2023 161,232 (6,745) 154,487 59% 14,096 (5,252) 19,349 13% 7#8Balance Sheet Summary ($ millions, except share numbers) Cash, Cash Equivalents and Restricted Short-Term Investments Total Debt Redeemable Preferred Stock Shares Outstanding September 30, 2023 $47.9 (includes $8.0M of restricted cash) $155.5 (includes $10.3M of current portion of LTD) $92.5 85.7 8#9Proforma 2023 Guidance and Long-Term Model ($ millions) Take Rate Net Revenue YOY Growth Adjusted EBITDA YoY Growth % Margin 2019A 5.5% $93 24% $13 14% 2022A 7.2% $159 71% $12 7% Proforma 2022¹ $127 ΝΑ $17 ΝΑ 14% Proforma 2023E¹ ~$210 66% ~$25 51% 12% ¹ Proforma excludes LBF as of January 1, 2022 and January 1, 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%+ 9#10V Full Presentation#11We 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 11#12Enabling the Modern Travel Ecosystem Airlines Content Suppliers Discounted Content Long-Term Contracts Real-Time Pricing Data RMS Integration 0000 Hoteliers Wholesalers 500+ Airlines 11 1M+ Hotels, Vacation Rentals, Rental Cars ¹As of May 31, 2023. Inclusive of management estimates Ancillary Providers Software mondee One of the $ Fintech 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 SMB's & Nonprofits ~65K B2B Customers¹ SMB 125M+ Closed User Group Access¹ Consumers 12#13We Are Disrupting the Massive Global Assisted / Affiliated Travel Market Mondee's gross bookings total addressable market is primarily the $1T and growing assisted/affiliated travel market Self Service • Good GUIs • Retail Prices • Low Tech No Touch ¹Based on management estimates. Sources: PhocusWright, IBIS, Management Estimates Metasearch trivago KAYAK Airline, Hotel, Car Rental Sites Marriott. ADELTA OTAS Expedia® Booking.com Global Travel Spending: ~$2.1T (2023E) ~$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 SMB Travel Agencies Clubs & Closed User Groups Gig Economy Workers SMBs & Businesses Travel Management Companies (TMCs) Assisted/Affiliated Poor GUIS Legacy • Low Tech High-Touch Service ● 13#14A Leading B2B2C Tech Platform to Travel Ecosystem Suppliers Airlines 都 Hoteliers Wholesalers Ancillary Providers 000||| +8 1000 ● Legacy Distribution Technology Platforms ● 38 244 24 24 125 TENG OF 13/ COMAND"="XXXX DEVEM SE COMANDXXXX 24 25 25 25 25 1 COMAND COMAND. XXXX COMAND COMAND COMAND XXXX 422/ COMAND.XXXX..... COMAND... XXXX B 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 Mondee's Platform Hello, Abhi here a Comprehensive global content • Modern user experience, extendable to mobile MONDEE The future of travel Now Trips • Full suite of communication tools - integrated phone, email, SMS, and chat Q • Fintech platform, tailored to the travel market • Multi-channel marketing platform Consumers Travel Agents Corporations SMB's & Nonprofits SMB Consumers (subscription members) Mondee helps customers modernize technology, gain access to broader content, and narrowcast their distribution 14#15Compelling Economic Model with Diversified Revenue Streams Pre COVID 2022 LT Target N International Travel Recovery¹ (Especially China) ¹Source: OAG.com, relative to 2019 69% 100% Take Rate ~4-5% 7.2% 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 Cubscriptions 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 $3B Gross Bookings through the Marketplace 40% and 62% Organic and Inorganic CAGR's, 2015-2019 Hotel, Car, Cruise, Ancillary Expansion Acquisitions Organic Growth mondee founded 2011 Market share2 (%) TripPro Launch¹ 25 1.9 48 2.2 Sources: Mondee financials, PhocusWright 1 In conjunction with the launch of TripPro, Prasad Gundumogula led a management buyout of the business and became CEO 2 Market share defined as Mondee's gross bookings as a proportion of gross bookings generated from B2B airfares for the North American market 3 Proforma 2023 guidance 62% CAGR, incl. M&A Net Revenue ($Millions) 40% Organic CAGR 54 2.4 75 3.5 2.4x Market share growth 170 77 93 4.6 69 2019 $70b NA wholesale Airfare market 93 159 210 16#17The Gig Traveler is Setting the Pace for Social Commerce in Travel Needs and Requirements Intermediaries and Distribution Solutions: Products and services Aggregated Content Accessibility to Inventory Pricing/Fare Transparency Travel Affiliates SMES, Corporate Ⓒ W Pre-2000s Boomers Personal Computing Travel Agents Managed Travel Electronic Web Payment 2010s Gen X Price Sensitive Self-Service Support Search-Based Content Online Cloud Privacy "Bleisure" Groups Online Support 2020s Self Serviced Travel Mobile Millennials Travel Experts Shifting Influence Levels Gig Traveler Personalization Experiential Content Influencers Cost-Sensitive Return-to-Travel Al & Machine Learning Real-Time, Always On FOMO 2025s Gen Z Curated Content Multi-Tasker/Role Functionality Content Curators DU Member-Based Travel Conversational Commerce Social Commerce 17#18Abhi - Al Travel Marketplace Build itineraries MOBILE APP Seamless desktop to mobile experience Ⓒ Roundtrip From SFO, San Francisco Depart TO LHR, London mondee 02/16/2022 Travelers 81 Oneway Book in social platform of choice Home Return Multicity Search Flights → 02/23/2022 class Business 20+ Currencies and languages + Add Traveler Cruise & Collaborate with friends or family to book travel First-in-kind CRUISE PLATFORM Global content hub 2.0 Enhanced content for air, hotel, car, cruise, packages, ancillaries Engages with users in meaningful conversations Abhi, the First Fully Integrated Al Travel Assistant 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 www O My Vi ay Trip to Myan DAY 1 Little Venice. Little Venice ima acee of Mysother is located on the wat in for a col bukiet w streets and chamsteg The als with tourists, who onder that the Aegean fee and the s Mykonos Ma Lattle Venice cated on the we Mykamas aul amutt af dustuyz ceniene Thama named after the Vesti-le laid that the wat dinge asyly with trid they have taloon took the The and they The enjoy the as the Aegean Sex and the s Locatie Vice area and with a stand pol pa ft teatas, Little Venice aming and of Mon that is Oct of character it is a great place to visit if you lektro be a pued ontocable expense M WWW COME Ma Po What is the trendiest beach club in Greece right now for someone in their 30s who likes house music? MONDEE>>> Prasad, p Support - 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. Explore Your 5 Day Trip to Mykonos, Greece DAY 1 MYKONOS Prasad Gundumagula - DAY 2 Delos Mykonos Baller now for someone in their 30s who likes w if you're looking for a troch club in Greece. ou should check out the island of DAY DEI 2009-12 Chora Bog s beautiful beaches, amazing house mmer long and is a and tourists alike ease choose Main vel needs or tak to our#19We Are Unlocking Multiple B2B2C Growth Drivers mondee Market Gain Market Share Air Hotels Car Rentals International Travel Recovery Nă China and other markets New Content & Technology Experiential Content H Cruises Tours Concerts/Events Enhanced Monetization 20 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 CONTENT: FOUNDATIONAL ACQUISITIONS AIR DISTRIBUTION: TRAVEL AGENTS $25M 2011-2014 1. Pro Forma for 2019 and 2020 acquisitions. 2. Proorma 3Q23 TTM. Note: Figures denote Net Revenues TRIPPRO GEOGRAPHIES: NORTH AMERICA OUTBOUND LAUNCHED MODERN TECH PLATFORM $170M¹ O $93M 2015-2018 EXPANSION ACQUISITIONS HOTELS & CAR RENTAL GIG ECONOMY SMBs & MEMBER ORGANIZATIONS 2019 2020 tripplanet LAUNCHED CLOSED USER GROUP BRAND CRUISES & THEME PARKS INFLUENCERS INTERNATIONAL OUTBOUND 2021 Nasdaq: MOND PUBLICLY LISTED ON NASDAQ 2022 $184M² 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 JFOUNDATIONAL ACQUISITIONS Skylink One of the largest North American consolidators serving India Exploretrip Retail flight business and technology platform cFares Metasearch engine C&H One of the largest North American consolidators serving Asia 5 6 7 2012 2013-18 TransAm One of the largest North American travel companies serving South America and the South Pacific Hariworld Consolidator focused on the Middle East and Southeast Asia Aavan Vacations Tour company with extensive content 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 Technology 5 6 7 2020 Distribution 2021-22 Cosmopolitan Travel Services One of the largest and fastest growing North American travel company Leto Travel Canadian consolidator Rocketrip Corporate travel incentives platform 1 3 4 3 THIRD WAVE OF ACQUISITIONS 2023+ Orinter Brazil and LATAM hotel, air, transportation travel company Consolid Mexico hotel, air, transportation travel company Interep Brazil luxury hotel, air, transportation travel company Skypass International corporate and SMB travel company Purplegrids Al Platform 21#22Mondee M&A Strategy and Year-to-Date Acquisitions Rationale ע Accelerate Organic Growth Synergies Accretive Valuation mondee M&A Strategy 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 ORINTER A MONDEE COMPANY 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 interep. Acquisition ✓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 of Mondee's geographic footprint to growth regions throughout the globe CONSOLID ✓ Interep enjoys 9.5% take rate and 28% EBITDA margin Mexico ✓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 ✓Purchase price of approximately $4 million implies an EBITDA multiple of 4X THE SKY ASS 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 $15 million implies an EBITDA multiple of ~4X 22#23V Financial Overview#242022 Financial Highlights $2.2B | 130% Gross Bookings 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 24#25We Accelerated Our Growth Despite Slower Market Recovery in International Travel $1,658 2019 Annual Gross Bookings ($ millions) $450 2020 CAGR: 118% $966 2021 $2,223 2022 Average Net Revenue Per Transaction (ARPT) ($) $27 2019 $65 2020 Take Rate Improvements $71 2021 $75 2022 25#26Driving Towards Growing Profitability Adjusted EBITDA and Margin ($ millions) 14% 23%1¹ $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 Proforma 2023 guidance 4 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables 7%² $12 2 2022 12%³ $25 3 2023E Drivers of Margin Expansion di Market Share Gain |↔| Take Rate Expansion Operating Leverage Fintech & Subscription Products Disciplined, Accretive M&A 26#27We are Supported by Improving Operating Leverage Cash Based Opex as % of Net Revenue: 92% Annual Cash Based Opex ($ 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 2022 2 27#28Valuation Expansion Opportunity¹ Despite a higher profitable-growth profile, Mondee trades at a discount to peers EV/Revenue EV/EBITDA Revenue Growth EBITDA Margin Revenue Growth + EBITDA Margin Implied Mondee Stock Price at Same Revenue Multiple² mondee 1.4x 9.1x 47% 16% 63% $3³ EaseMyTrip.com 11.0x 28.4x 20% 39% 59% $24 airbnb 6.1x 16.8x 11% 36% 48% $13 make my trip 4.6x 29.7x 17% 16% 32% $10 1 Data source: Capital IQ as of 11/10/23; Numbers are rounded and are based on calendar 2024 Street means as of 11/10/23 2 Implied Mondee stock prices are based on peer's EV / Revenue Multiples 3 Mondee (MOND) actual stock price as of 11/10/23 AMADEUS 5.0x 12.8x 13% 39% 52% $11 BOOKING HOLDINGS 4.1x 13.3x 25% 30% 55% $9 Average 6.2x 20.2x 17% 32% 49% $14 28#29Key Investment Highlights Disrupting the Massive Global Travel Market Significant Barriers to Entry Next-Gen Travel Tech Platform Proven Leadership Team Multiple Levers of Growth 13 Profitable Growth with Expanding Margins#30V Appendix#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 LA $ $ 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#32Billions ($) Millions ($) Travel Industry Update¹,2,3 8 7 6 3 2 1 0 -2023 30 25 20 15 10 5 Jan 0 Feb Mar ▪ 2022 Apr ARC Air Sales 2019 May Jun Jul Jan Feb Mar Apr May Jun ARC Air Transactions Aug Jul Aug Oct Sep Nov Dec Sep Oct Nov Dec 120 110 100 90 80 70 60 50 40 Jan- 2022 2027 2021 Global Travel Health Index Score by Region (Weighted Average) Asia Pacific Mar- 2022 - Europe May- 2022 -Latin America Jul-2202 $150 Sep- 2022 - Middle East and Africa Global Spending by Travelers Combining Business with Leisure (in USD Billion) Nov- 2022 $360 Jan- 2023 ¹Airline Reporting Corporation 2023 vs 2022 and 2019 US point-of-sale domestic and international ARC carrier scheduled air sales and tickets as of 6/30/2023 2Skift - State of Travel Master Deck July 2023 ³Cruise Lines International Associations: 2022 State of the Cruise Industry Outlook; Statista Report: Revenue of the Cruises Market Worldwide 2018 to 2027; Cruise Industry Worldwide: Facts & Statistics -North America Mar- 2023 38% Traditionalists May- 2023 44% 2019 Boomers Share of Bookers Using a Travel Advisor to Book Their Cruise 68% Hotel Occupancy vs ADR Gen X 2020 Post Covid Growth vs 2019 levels ADR leads occupancy 66% 2021 Millenials Occupancy ADR 2022 69% Gen Z 32#33Mondee Leverages its Content Flywheel and Tech Platform to Revolutionize Social Travel Ability to Customize t!t Social Commerce Mobile First ا کار Enabling Gig Economy in Travel >>>>> >>>> Expert-Based Community Model mondee 17 «« «« FF v One-Stop Shop 0 Access to Experts High Quality Experiences Pre-Curated Offering 33#34Without 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 Tripadvisorcompany tock airbnb HILTON WORLDWIDE Lodging Tours/ Experiences HYATT (viator Marriott Car Rental Vrbo TOUTS LOCALS AVIS enterprise TURO Budget Hertz GET YOUR GUIDE (LOOK) 34#35Board 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 35#36Reconciliation of GAAP to Non-GAAP Financial Measures KEY METRICS Transactions Take rate Gross bookings Net revenue YoY Growth QoQ Growth ADJUSTED EBITDA RECONCILIATION Net income (loss) Interest expense (net) Stock-based compensation expense 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 LBF US divestiture and transition service expense Other expenses (income), net Change in fair value of acquisition earnout liability Other non-recurring expenses Sale of export incentives Adjusted EBITDA Adjusted EBITDA margin 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 462,931 549,729 591,760 533,110 2,137,530 665,173 721,464 695,694 8.5% 7.5% 6.9% 6.9% 7.4% 7.5% 8.4% 9.1% 459,091 606,475 583,388 499,847 2,148,801 668,079 679,244 597,451 39,067 45,656 40,513 34,248 159,484 49,929 56,771 54,532 190% 94% 77% 3% 71% 28% 24% 35% 17% 17% (11)% (15)% 46% 14% (4)% 1Q22 2Q22 3Q22 4Q22 (6,991) (2,113) (64,608) (16,526) 6,102 6,467 7,129 6,319 80 81 55,236 6,645 2,817 2,769 ||||| (14) 165 236 (2,009) T 2,963 3,221 11,770 2,130 412 2,542 (683) 791 744 321 (484) 326 (155) 1,060 (603) (760) 19 (20) FY22 1Q23 2Q23 3Q23 (90,238) (12,915) (14,608) (20,099) 26,017 7,870 8,125 8,497 62,042 2,561 4,804 2,974 760 2,213 4,516 3,567 1,585 9.9% 8.8% 4.6% 5.7% 108 744 127 (2,009) 326 288 (596) 760 11,881 7.4% 86 3,386 3,803 1,529 (168) 21 662 699 279 (393) 577 2,008 171 264 (322) (984) 140 4,165 239 (744) 785 381 545 9,327 (138) 530 (593) 394 22 216 4,157 4,438 5,501 8.3% 7.8% 10.1%#37Reconciliation of GAAP to Non-GAAP Financial Measures ADJUSTED NET INCOME RECONCILIATION Net Income (loss) Stock-based compensation expense Amortization - intangibles Income tax provision One-time expenses Adjusted Net Income (Loss) ADJUSTED EPS RECONCILIATION Net Income (Loss) Cumulative Dividends Allocated to Preferred Stockholders Net loss attributable to common stockholders Common shares outstanding Net loss per share (EPS)¹ Adjusted Net Income (Loss) Cumulative Dividends Allocated to Preferred Stockholders Adjusted net income (loss) attributable to common stockholders Diluted shares outstanding 2 Adjusted EPS 81 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 (6,991) (2,113) (64,608) (16,526) (90,238) (12,915) (14,608) (20,099) 80 55,236 6,645 62,042 2,561 4,804 2,974 1,584 1,584 1,585 6,338 1,960 2,329 2,458 236 321 (484) 127 699 2,008 381 (2,683) 1,675 2,492 1,651 2,878 1,204 9,581 (20,080) (4,817) (4,263) (4,705) 1,585 54 168 (5,104) (2,895) (5,792) (6,288) 1Q22 2022 3Q22 4Q22 FY22 (6,991) (2,113) (64,608) (16,526) (90,238) (47) (2,276) (2,323) (6,991) (2,113) (64,655) (18,802) (92,561) 60,800 60,800 72,463 82,266 (0.89) (0.23) 67,369 (0.11) (0.03) (1.37) (5,104) (2,895) (5,792) (6,288) (20,080) (47) (2,276) (2,323) (5,104) (2,895) (5,839) (8,564)|| (22,403) 60,800 60,800 72,463 82,266 69,082 (0.08) (0.05) (0.08) (0.10) (0.32) 1Q23 2Q23 3Q23 (12,915) (14,608) (20,099) (2,478) (2,686) (2,859) (15,393) (17,294) (22,958) 83,749 77,198 77,926 (0.18) (0.22) (0.29) (4,817) (4,263) (4,705) (2,478) (2,686) (2,859) (7,295) (6,949) (7,564) 83,749 77,198 77,926 (0.09) (0.09) (0.10)#38Reconciliation of GAAP to Non-GAAP Financial Measures LBF US Divestiture PROFORMA³ Gross bookings Divested LBF US gross bookings Proforma gross bookings YoY growth QoQ growth Proforma take rate Net revenue Divested LBF US Net Revenue Proforma net revenue YoY growth QoQ growth Adjusted EBITDA Divested LBF US adjusted EBITDA Proforma adjusted EBITDA Adjusted EBITDA Margin Net income ( loss) Divested LBF US net income (loss) Proforma net income (loss) Divested LBF US Adjusted EBITDA Reconciliation Divested LBF US net income (loss) Depreciation & amortization One-time expenses Divested LBF US adjusted EBITDA FY22 2,148,801 244.167 1,904,634 2 6.7% 159,484 32,784 126,700 11,881 (5,314) 17,195 13.6% 1Q23 668,079 56.333 611,746 52% 36% FY22 (9,142) 685 3.143 (5,314) 7.4% 49,929 4,519 45,410 54% 54% 4,157 (4,372) 8,529 18.8% (90,238) (12,915) (9,142) (5.296) (81,096) (7,619) 1Q23 (5,296) 172 752 (4,372) 2Q23 679,244 29.781 649,463 23% 6% 8.4% 56,771 2,226 54,545 56% 20% 4,438 (881) 5,319 9.8% (14,608) (1,303) (13,305) 2Q23 (1,303) 172 250 (881) 3Q23 597,451 = 597,451 15% (8)% 9.1% 54,532 54,532 66% -% 5,501 5,501 10.1% (20,099) = (20,099) 3Q23 ||||| 1 Net loss per share (EPS) includes cumulative dividends allocated to preferred stock holders. Adjusted loss per share for 2022 and 2023 interim periods are updated by including the impact of cumulative dividends allocated to preferred stock holders and the anti-dilutive effect of diluted shares. 3 The unaudited pro forma financial information presented the results of operations as if the divestiture of LBF US was consummated on January 1, 2022. These unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the company would have been if the divestiture had occurred at the beginning of the period presented, nor are they indicative of future results of operations.