#1talk space 9:41 00:15 all Analyst Day Presentation talk space Rooms Helpful tips Jennifer Liu Therapist, MS LCSW I'm glad you decided to take this step and get support. There... How do I start? Tip 1/6 Tools 03:20 Andrew321 ✓ 8:10 AM > What should I expect from m therapist? Tip 2/6 Clinical progress Your assessment is due Friday, May 16 Live video sessions Next session scheduled for 5PM, Thursday, May 29 Exercises Alleviate stress and improve your coping skills > ● > ● > Jennifer Liu Working today Jennifer I'm glad you decided to take this step and get support. There are some times we need more support than others and it's a really healthy sign that you are able to recognize this as one of those times for yourself. I'd like to start off with getting to know you a bit better and understanding what made you decide to reach out now. May 15, 8:10 AM ✔✔ Message Jennifer... 4:40 I'm new start. It and cha March 2021 I'm t relat perm Let Jennifer know you ready for her to reply#2Disclaimer About this Presentation This presentation (this "Presentation") has been prepared for use by Hudson Executive Investment Corp. ("Hudson") and Groop Internet Platform, Inc. (d/b/a Talkspace) (the "Company") in connection with their proposed business combination (the "Business Combination"). This presentation is for informational purposes only and may not be reproduced or redistributed, in whole or in part, without the prior written consent of Hudson and Talkspace. The information contained herein does not purport to be all-inclusive and none of Hudson, the Company or their respective affiliates makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this Presentation. This Presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of Hudson, the Company, or any of their respective affiliates, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. You should not construe the contents of this Presentation as legal, tax, accounting or investment advice or a recommendation. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein to the extent you deem necessary. Forward Looking Statements Certain statements in this Presentation may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Hudson's or the Company's future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. 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. These forward- looking statements are based upon estimates and assumptions that, while considered reasonable by Hudson and its management, and the Company and its management, as the case may be, are inherently uncertain. Nothing in this Presentation 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. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Hudson nor the Company undertakes any duty to update these forward-looking statements. Non-GAAP Financial Measures This Presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP") including, but not limited to, EBITDA and certain ratios and other metrics derived there from. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company's financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company's Presentation of these measures may not be comparable to similarly-titled measures used by other companies. The Company believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In addition, certain monetary amounts, percentages and other figures included in this Presentation have been subject to rounding adjustments. Certain other amounts that appear in this Presentation may not sum due to rounding. Use of Projections This Presentation contains financial forecasts with respect to the Company's projected financial results, including revenue. The Company's independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, they did not express an opinion or provide any other form of assurance with respect there to for the purpose of this Presentation. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective 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 the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of the Company or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this Presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Industry and Market Data In this Presentation, Hudson and the Company rely on and refer to certain information and statistics obtained from third-party sources which they believe to be reliable. Neither Hudson nor the Company has independently verified the accuracy or completeness of any such third-party information. The Company and Hudson have supplemented this information where necessary with information from discussions with the Company's clients and their own internal estimates, taking into account publicly available information about other industry participants and Company's and Hudson's management's best view as to information that is not publicly available. Additional Information Hudson has filed with the SEC a registration statement on Form S-4 (the "Registration Statement") that includes a proxy statement/prospectus. The Registration Statement is not yet effective. This Presentation does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. Hudson's stockholders and other interested persons are advised to read, when available, the Registration Statement, including the proxy statement/prospectus, and other documents filed in connection with the proposed Business Combination, as these materials will contain important information about the Company, Hudson and the Business Combination. When available, the definitive proxy statement and other relevant materials for the proposed Business Combination will be mailed to stockholders of Hudson as of a record date to be established for voting on the proposed Business Combination. Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC's website at www.sec.gov, or by directing a request to: Talkspace, Broadway #607, New York, NY 10025. Participants in the Solicitation Hudson and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Hudson's stockholders in connection with the proposed Business Combination. Information about Hudson's directors and executive officers and their ownership of Hudson's securities is set forth in the Registration Statement. Additional information regarding the interests of those persons and other persons who may be deemed. participants in the proposed Business Combination may be obtained by reading the proxy statement/prospectus regarding the proposed Business Combination. You may obtain free copies of these documents as described in the preceding paragraph. t#3t Today's presenters Oren Frank Co-founder and Chief Executive Officer McCANN Deb Adler SVP Network and Quality UnitedHealthcare® Mark Hirschhorn President, Chief Operating and Financial Officer OTELADOC. Dr. Neil Leibowitz Chief Medical Officer OPTUM™ Roni Frank Co-founder, Clinical Services - amdocs Sam Braunstein Chief Marketing Officer Higher ne A shared course for success Gil Margolin Chief Technology Officer - amdocs Michaela Yule Chief of Staff BAIN & COMPANY 2#4t Agenda Time 11:00 am - 11:10am 11:10am-11:30am 11:30am - 11:50am 11:50am - 12:10pm 12:10pm - 12:30pm 12:30pm 12:35pm 12:35pm 12:55pm 12:55pm 1:15pm. 1:15pm 1:45pm 1:45pm - 2:05pm - Duration 10 minutes 20 minutes 20 minutes 20 minutes 20 minutes 5 minutes 20 minutes 20 minutes 30 minutes 20 minutes Topic Introductions Strategic Overview Our Business: B2C Our Business: B2B Technology Platform Session break Clinical & Provider Network Creating Shareholder Value Financial Overview Concluding Remarks and Q&A Speaker(s) Oren Frank & Roni Frank Oren Frank & Michaela Yule Sam Braunstein Mark Hirschhorn Gil Margolin Deb Adler & Dr. Neil Leibowitz Mark Hirschhorn Mark Hirschhorn Oren Frank#5t Behavioral health care accessible for all#6t talkspace Therapy for all LO 5#7Strategic overview Why behavioral health and why Talkspace? talk space#8t Behavioral health is a vital service with an enormous TAM 70+ million Americans suffer from mental illness, spread across all ethnic, socio-economic and age ranges True Global TAM Illustrative fully-treated global TAM1 International TAM Domestic TAM >48,000 Americans died of suicide in 2018, the 10th leading cause of death in the U.S. -$496bn -$283bn $138bn $76bn 2020 $192 billion Of annual lost wages and lost productivity in U.S. as a result 60% of Talkspace members reported they are in therapy for the first time Source: Mordor Intelligence, NAMI; ¹ TAM number calculated by taking the global TAM of those who receive treatment divided by the % of the total treatable population who receive care 7#9t COVID has only illuminated and accelerated a second pandemic - The behavioral health crisis 3x Prevalence of depression symptoms in the U.S. since beginning of COVID pandemic The Washington Post Covid-19 has shed light on another pandemic of depression, anxiety and grief. TC Prioritizing tech in 2021 will be the path to pandemic recovery for mental health. 60% Of adults reported their mental health had gotten worse since pandemic lockdown NEWS Mental health care has become even more crucial with the traumas of 2020 - but resources are stretched thin. The New York Times China Long Avoided Discussing Mental Health. The Pandemic Changed That. Source: Washington Post as of November 2020, Tech Crunch as of January 2021, NBC as of December 2020, New York Times as of December 2020, https://www.cidrap.umn.edu/news- perspective/2020/09/depression-triples-us-adults-amid-covid-19-stressors, https://workplace insight.net/preparing-for-a-mental-health-epidemic-is-a-shared-responsibility/#10t Talkspace at a glance: A leading virtual behavioral health platform 2021E financial snapshot $125M net revenue Company snapshot >2M Members served to date #1 Branded virtual therapy provider 1 -64% y/y rev. growth >40M Covered lives¹ -3,000 Providers 1 -64% gross margin ~51,000 Active members ¹,2 68% Of members saw improvement in symptoms³ Source: Brand Health Tracking Study (February and July 2020); 1 As of 02/28/21; 2 Includes B2C and B2B active members; 3 DellaCrosse, M., Mahan, K., Hull, T.D., The Effect of Messaging Therapy for Depression and Anxiety on Employee Productivity. Journal of Technology in Behavioral Science. (2018). 6#11t Talkspace is a purpose-built full behavioral health solution Easy, quick and affordable access to care Technology designed to ensure clinical outcomes at scale Subscriber-based model to drive member utilization and care continuity 4 A network where providers are motivated to practice Open new care channels across B2C, payors, employers and beyond talk space A brand presence built to promote and destigmatize behavioral healthcare 10#12t Tech-enabled solution uniquely positioned to address full spectrum of clinical care across all channels ginger Psychotherapy Psychiatry B2C / B2B Tech platform Provider credentialing standards Integrated peer reviewed clinical outcomes Brand awareness talkspace ✓ ✓ ✓ ✓ betterhelp X (Teladoc) ✓ x O X / ✓ O O Extensive Limited X No presence Lyra x ✓ O O Source: Talkspace market study and Company internal estimates (taking into account publicly available information about other industry participants and Company's and Hudson's management's best view as to information that is not publicly available) 11#13t We believe the future of behavioral health is Talkspace's pure-play, full-stack platform Assessment Navigator *Not exhaustive Match Intake Today Future expansion* Psychotherapy Psychiatry Self-Service & digital solutions (e.g. meditation) Chronic managed care Substance use disorder Virtual therapy and psychiatry adjacencies Wellness and mindfulness platforms Collaboration Any entry point / channel Outcomes Artificial intelligence + Machine learning + Natural language processing → Quality, Engagement, Risk Assessment Referrals, Match, Monitoring, Predictive Interventions Maintenance Core Developing Discharge 12#14Talkspace is its own behavioral health category: Differentiated leadership in the consumer market 9:41 25:03 O OO < 9:41 talk space What type of service are you looking for? Allt Online Therapy On-going support from a licensed therapist. Psychiatry Evaluations and psychiatry medication management. Couples Therapy Relationship-centered therapy that connects you and your partner. Teen Therapy Specialized therapy for ages 13-17 Continue 00 Continue Continue Continue R all talk space#15Our members are at our center to 14#16t B2C model overview Monthly therapy subscription plans Messaging Plus Text, video and audio messaging $65/week + Messaging Premium 1 As of 02/28/21 Text, video and audio messaging +1 Live Video $79/week Messaging Ultimate Psychiatry and prescription management Fee per session Text, video and audio messaging +4 Live Videos $99/week ● Couples Text, video and audio messaging +4 Live Videos $99/week Initial consultation: $199 Teens Text, video and audio messaging $65/week Follow-up: $125 Robust growth B2C Active Members -20,000 2019A -32,000¹ Current Sustained high growth in Direct To Consumer member base 15#17t The leading brand in digital behavioral health Therapy is my safe space to talk through my past and my present. DEMI LOVATO Mental Health Advocate Michael Phelps X talk space Source: July 2020 Brand survey - 800 U.S. Consumers, 18-49 year olds 1 Measurement of aided awareness Brand awareness¹ talk space MDLIVE dr. on demand II betterhelp Teladoc. HEALTH Top U.S. behavioral telehealth brands 16#18ace ALTH& ERICANS Intear A powerful multi-channel marketing and branding strategy Optimized Go-To-Market Approach Leverages Earned and Paid Media Position as trusted authority in digital behavioral health M YO BR t talk space AL HEALTH & AMERICANS talkspace a OR B W Organic Social Media Awareness and Strategy THROUGH? Brand awareness Generate mental health awareness across multiple social media platforms 口 Liked by katie_yang_and 3,178 others kspace Repost @ddlovato So so so excited for o see what I'm working on with Talkspace talk space MENTAL YOUNG BREAKDOWN OF talkspace n LTH & RICAN! ROUGH? Liked by norzors and 490 others talkspace Repost @m_phelps00: "It's almost the end of what's been a challenging year and I know so many of us have struggled with our mental, more View all 4 comments December 29 2020 fo Social media engagement Public Relations and Media Impact Create buzz and brand awareness ( THE OPRAH MAGAZINE SUBSCRIBE SIGN IN 10 of the Best Online Therapy Platforms Help is just a video chat, text, or call away. Bly Samantha Vincenty Mar 3, 2011 Here are 10 of the best online therapy platforms out there today, and a summary of each to help determine which is best for you. Talkspace Accepts insurance: Yes Growth in high-intent prospects Online therapy covered by insurance Check your eligibility HIPAA Focus by Geographic and Demo Targets SSL Attract interest across various demographics and settings 3328 Insurance and Employer Partnership Activations Engage B2B members via B2B2C Marketing THE KEY TO SUCCESS? GOOD MENTAL HEALTH business.talkspace.com talk space FOR ALL THERAPY Brand recognition OUT FRONT Interest across user segments Blog and Organic Content Communicate, connect, and share content with >1mm unique visitors each month 90 WUSA STARTING THERAPY olkspace PETCHIATRY wise.com CONVIURESCE Dealing with extreme loneliness during the coronavirus outbreak PLHOO MWYA, DELU DEPRESSION While loneliness is a common human emotion, during the global coronavirus pandemic many of us are feeling acutely, severely alone - an extreme loneliness that we may never have experienced before. Whatha sinna ne are sharinet weer enana dina inclitrun the remain is in i mandinn hres Deep engagement Clinical Expertise Establish touchpoints with users across all mediums via our Clinical Council of Experts Considering race and culture when it comes to mental health Practitioner credibility 17#19t Deep knowledge of member behavior and needs Broad-based awareness campaigns Targeted acquisition tactics Member conversion Linear and Digital TV Podcast / Radio . Streaming Services / OTT SEM (Google, Bing, Apple) Affiliates & partnerships • Prospect target audience by demographics Contextual targeting by key indicators First-time free trials • Promotions Social Media (FB, IG, Pinterest) Content marketing • Influencer marketing OOH Billboard . Mobile In-App publishers • Custom user-journeys crafted based upon intent • Optimized plan recommendations . Word of mouth referrals Therapist consultation . Preference-driven therapist matching Guiding members through the funnel at each step of the journey 18#20t Broad, sustained and positive media coverage Bloomberg "If we talk about behavioral health, it was very broken before Covid, the level of access and the quality of the outcomes were subpar. We always thought that virtual care is a particularly good fit for behavioral health care, even before Covid." January 13, 2021 Rolling Stone "One well-reviewed tele therapy option, used even by celebs like Michael Phelps and Demi Lovato, is Talkspace, a subscription-based therapy service. Not only is it accessible, with the ability to reach out to a therapist 24/7, but affordable too." February 20, 2021 CNBC "What's unique about the business that Oren and Roni have built is that it's a purpose-built technology company really designed to meet the unmet medical needs in behavioral health. And it does so by improving access, it actually reduces cost to the consumer." January 13, 2021 InStyle "Talkspace, a popular online therapy app, has created a free, private therapist-led support group for those affected by racial trauma, as well as financial assistance for therapy in the Black community." June 12, 2020 WSJ "Talkspace, which connects users to therapists via video and text, says it has seen a 65% rise in demand. As the pandemic grinds on, the company is seeing people's concerns change." April 26, 2020 TODAY "An app, like Talkspace, has a lot of support built into its plans, including special programs to help you handle COVID-19 stress." March 19, 2020 19#21Q&A break 9:41 25:03 O OO < 9:41 talk space What type of service are you looking for? Allt Online Therapy On-going support from a licensed therapist. Psychiatry Evaluations and psychiatry medication management. Couples Therapy Relationship-centered therapy that connects you and your partner. Teen Therapy Specialized therapy for ages 13-17 Continue 00 Continue Continue Continue R all talk space#22Talkspace is its own behavioral health category: Clear value proposition and traction with B2B clients talk space#23t A comprehensive mental health solution is a key priority for the workplace today 9 of 10 employees (92%) report some level of anxiety from the pandemic ● 91% Employees believe employers should care about emotional health 414 Only one-third (32%) say they can balance working from home and other responsibilities The need is creating outspoken demand amongst employees 85% Employees considered behavioral benefits when evaluating a new job Source: Willis Towers Watson, Mental health in the workplace: The coming revolution (McKinsey 2020) Fewer than half of respondents (46%) say their company is making it easier to access and use employee benefits ) 60% Employers starting, continuing, or expanding behavioral health offerings 66 The challenges presented by this crisis highlight the demand for cross- functional collaboration to truly address employee needs....financial concerns calls on business heads to demonstrate leadership by navigating the organization through chaotic times. 99 Willis Towers Watson 22#24Rapidly expanding B2B client base The B2B segment quickly grew to >70 clients and >40MM commercial covered lives across plans and employers Health plans Representative clients Talkspace value proposition Key stats t . ● ● OPTUMⓇ Cigna. Humana. PREMERA Source: Springer 2018 issue anxiety remission BLUE CROSS ♥aetna™ Employee Assistance Program (EAP) acts as "catch-all" for behavioral health and work/life issues +36% increase in work productivity Provides personalized treatment plans Behavioral Health (BH) allows members to access care under existing insurance plans Employers Google Blackstone accenture e expedia group VERITAS JUSTWORKS. Behavioral health becomes a focus of concern and attention for employers Employees become more productive over the long- term Employers can see higher employee retention rates 50% less hours of work missed +68% increase in activities outside of work 23#25t B2B clients across the spectrum - Every kind of enterprise client is served Channel partners to distribute B2B services Employee Assistance Program Care through employer plan aetna™ Humana OPTUM Cigna. Average price per session: $70 Behavioral Health Care through in-network providers Cigna. + Fee per session PREMERA BLUE CROSS OPTUM Average price per session: ~$70 Psychiatry and prescription management ● Initial consultation: $1801 1B2B Psychiatry pricing shown as an average, true amount varies by provider type and payer; 2 As of 02/28/21 Direct to Employer Care direct from employer benefits Blackstone Google accenture Unlimited use, PEPM model ($ varies) ● Follow-up: $1051 Robust growth Total B2B covered lives (mm) ~2 >40 2 Q1'19 Current Impressive client growth success despite only recently launching 24#26t B2B case studies → Cigna. ● In response to the COVID-19 pandemic, Cigna needed to enable simpler and more convenient access to an expanded suite of virtual behavioral support services Implemented Talkspace in less than 3 weeks and in May 2020, Talkspace became an in-network provider for Cigna Cigna launched a program focused on PR, education and direct marketing +62% Improvement on one or more clinical scales (e.g. PHQ, GAD) ~96% Of members were immediately matched with an available provider +287% Growth in new registered users within 2 months It stops being so much about when the clock told you you needed to get help. It's there when you need it. That was a really major part for us. 66 Cigna MD, Behavioral Solutions PREMERA Source: Company prepared B2B customer case studies BLUE CROSS Example reporting metrics 5,000+ Members registered for Talkspace within the first 10 weeks . ● ● Majority of Premera's members located in geographies with significant behavioral healthcare provider shortages Premera needed to increase member access to care In April 2019, Talkspace became an in-network provider for the Premera behavioral health network, offering members psychiatric and psychotherapy services 59% Showed improvement on one or more clinical scales 98% Of members were immediately matched with a provider After in-person therapy didn't fit...I apprehensively decided to try this platform. It's really helped me work through the program while maintaining my normal day-to-day schedule. 66 Premera member 25#27t B2C and B2B drive each other 26#28Q & A break talk space#29Talkspace is its own behavioral health category: Purpose-built technology platform Therapy tools O 9... 4 9:41 Live video sessions Next session scheduled for SPM, Thursday, Nov 7 Therapy exercises Build healthy and empowering habits Your journey Follow the steps and stages of therapy Inhale < Sharon Sharon Adams Hurst Working today By signing up for Talkspace you have made a really meaningful choice. know it can be an overwhelming decision but therapy can help you become a happier you. 9:41 Dec 12 11:30AM Smas Yeah, I'm going through a lot and it's been a struggle. I felt like I had to talk to a professional but my schedule is so busy. +Message Sharon... I can't wait to get started! Sharon has been notified Expect a reply by 20m Exercises Understanding past experiences identify patterns Gain new insights Record thoughts Sensory awareness 2 minutes Increase awareness improves concentration 15 Il Reduces stress Overcoming worry 0 9:41 9:41 How did the situation make you feel? 11-4 None-low Begin You can choose more than one. Happy Energized Next 12 Moderate Proud D X Orateful 16-12 Moderately SOVOM 30-27 Savors Your depression score is 12/27 Your score indicates an increase in your symptoms of moderate depression, Experiencing increased symptoms after starting therapy is fairly common. You're likely paying more attention to how you're < Long-term goals Clinical progress Reduce overall frequency, intensity, and duration of the anxiety so that daily functioning is not impaired. Short-term objectives Discuss progress with your therapist. If you that you've accomplished an objective, let therapist know so you can set new ones together. 9:41 talk space Identify, challenge, and replace bias fearful self-talk with positive, realis and empowering self-talk Leam and implement problem-solv and decision-making skills Verbalize an understanding of the cognitive, physiological, and behav components of anxiety and its treatment Marked as achieved on May 18, 2019 I'm going to focus on... Brushing my teath Svei VP Watering my plants 222 O Do Eating a moul#30t Talkspace's evidence-based quality platform Clinical Quality Working Alliance Outcome Measures Client Reviews Discharge Results Better Outcomes Personalized Care Lower Costs Intake Talkspace Core Matching Algorithm Recommendations Engine Transcript Analysis Machine Learning Insights Generator Match Provider Techniques Condition-Based Programs Predictive Tools Outcome Trends Engagement Patterns Evidence-Based Therapy Alliance Treatment Progress Provider Network Integration Provider Score Onboarding Orientation Quality Control 29#31t Robust technology platform drives differentiated care model The journey 1 Screening / intake 2 3 Match Treatment 4 Outcomes 6 5 Discharge Maintenance Technology engaged Robust, data-supported provider network Proprietary matching algorithm and quality control Machine learning-driven tools and programmatic / predictive therapy Outcome trends and engagement patterns Clinical progress tracker and data-driven discharge results Personal digital care tools Impact Highly specialized, reliable expertise Personalized matches to suit specific needs and preferences Meaningful clinical outcomes Outcomes visualization tools become iterative in treatment journey Data results to enable and reinforce positive next step Providing better therapy at scale - truly managed care Talkspace platform improves through use, constantly bolstering the value added to users 30#32t We believe our technology delivers a best-in-class customer experience Find provider 9:41 Finding the right match 12 questions - 2min Finding a great therapist begins with learning about what brings you to therapy and some basic information about you and what you're looking to achieve. Begin Personalized matches to suit specific needs and preferences Guaranteed response time 9:41 Sharon Sharon Adams Hurst Working today Mar 12, 11:30 AM By signing up for Talkspace you have made a really meaningful choice. I know it can be an overwhelming decision but therapy can help you become a happier you. 4:40 Yeah, I'm going through a lot and it's been a struggle. I felt like I had to talk to a professional but my schedule is so busy. I can't wait to get started! +Message Sharon.... Let Sharon know you're ready for her to reply Delivered Secure, reliable messaging with a licensed provider 0 Multi-platform capability 9:41 25:03 all Live video sessions with providers across mobile and desktop Digital navigation and triage 9:41 Clinical progress Symptom tracker Depression None - Low While you do not have symptoms, therapy can still help reduce stress and shift habits that are keeping you stuck. Apr 29 May 20 Learn more Apr 8 Long-term goals 12/27 Jun 10 All Reduce overall frequency, intensity, and duration of the anxiety so that daily functioning is not impaired. Goal-setting, guidance, and personalized treatment plans Obse Comp Disor Likely Your sc of OCD is need sympta Apr 8 Learn r Recoc accep coper feelin depre 31#33Member platform demo talk space Welcome to Talkspace 9:41 25:03 OO 9:41 Tools Rooms How do I start? Tip 1/6 Helpful tips Jennifer Liu Therapist, MS LCSW I understand how this would impact your mood. It's really... Live video sessions Next session scheduled for Friday, October 2 Clinical progress Your assessment is due Monday, October 5 to Exercises Alleviate stress and improve your coping skills 12:00 PM> What should expect from n therapist? Tip 2/6 Private & Secure AICPA SOC 2 Formes Reports HIPAA COMPLIANT SECURE SSL 32#34t Provider tools and interfaces drive provider efficiency Seamless mobile interface 9:41 < Agenda AGENDA Chart O First steps Andrew321 Agree on steps and goals Case Treatment Progress report Feedback Diagnostic profile Your client's diagnostic profile is ready for reveiw Feedback Chat Clinical Dismiss Show profile Complete progress report It's time to summarize the progress your client has made in the past 14 days. Start 9:41 CLINICAL Chart Case Andrew321 Diagnostic profile Treatment planner all Chat Clinical Your client's diagnostic profile is ready Outcome measures Show profile No treatment plan has been created Create a treatment plan No outcome measures assessments scheduled Easy to navigate dashboards talk space Attrition 5% clients left in last 30 days Upcoming live sessions (6) Date and time FRI, JUN 5 New clients Joined 20 min ago All ID= ID= 70 Andrew321 Room: 20580 User: 92120 Consultation 4 Sophie42 Room: 20580 User: 92120 10:00AM - 10:30AM Last activity James_may Room: 20580 User: 92120 John45_re Room: 20580 User: 92120 5 min ago MONTHLY Last activity ID Carrie Room: 1149333 User: 1057138 Waiting 15 min. 0 Paying 18 Waiting Last Active = 5 min ago 32 min ago March 8 Paying clients 18 Total paying March 12 ID= Stephanie Room: 1149333 User: 1057138 Follow-up Status Reply by 48 Reply by Session has started Source 45min overdue CT matched 2 Non engaging Join session Cancel. Status Paying Source Status Plan name a 9h 10min overdue - Extension until 10PM 1/3 Reply By misses this week. Reply on time to meet your client's expecations. Health Advocate EAP 3 Sessions Messaging Therapy.... Everyday 1/3 Reply By misses this week. To prevent negatively impacting your payout, please reply on time the rest of this week. Reply within 59min Keep it up, you've replied on time this week! Search Reply by 10PM Keep it up, you've replied on time this week! Leslie O'Stein CURRENT STATUS +Show Plan name 33#35t Provider platform demo talk space Welcome to Talkspace for Clinicians 9:41 Diagnostic profile An analysis suggests the following profile based on: themes, language markers, clinical research, and comparative text analysis. Review in conjunction with your clinical expertise to help guide treatment. Depression all Generalized Anxiety Disorder 50% Other Anxiety Disorder Obsessive Compulsive Disorde Trauma 42% Substance Use ab.. Bipolar Disorder 24% 50% Eating Disorder 91% 24% Feedback Feedback AGENDA Agenda 100% 0:41 E Treatment Chart Progress report First steps Agree on steps and goals Diagnostic profile Your client's diagnostic profile is ready for reveiw Dismiss Complete progress report It's time to summarize the progress your client has made in the past 14 days Andrew321 Case Show profile Start Chat all Clinical Private & Secure organization AICPA SOC 2 Formentors HIPAA COMPLIANT SECURE SSL 34#361 t Complete and unique data set enables superior service to all stakeholders 2.1 M Registered member database Members Understand members' psychographics to predict needs to deliver higher care and preempt risky behaviors 9:41 < Diagnostic profile An analysis suggests the following profile based on: themes, language markers, clinical research, and comparative text analysis. Review in conjunction with your clinical expertise to help guide treatment. Depression www Generalized Anxiety Disorder Other Anxiety Disorder Trauma 24% Obsessive Compulsive Disorder Substance Use 50% Bipolar Disorder 42% ... - - 50% Close Update diagnosis 9:41 < Chart Came Conditions Recurentx ↑ Presenting problems Anxiety Depression x Andrew321 Clinical 123 @ Major depressive disorder Mild circadian rhythm sleep disorder Shift work tyne brief osychotic disorder QWERTYUIOP ASDFGHJKL ZXCVBNM Chat space return 2 80M Anonymized messages Text, audio, photo, video Clinicians Facilitate and augment provider care to enable better member / provider relationship and ensure optimal provider utilization 0.012 0.006 0.005 0.0075 0.0050 0.0025 0.0000 0.095 0.085 0.0225 0.0200 Category: Absolutist 0.0020 0.0015 0.0010 0.0005 Category Anx Category Death Category I Category: Negemo MAM 0.0175m -20 -10 0:065 0060 n_messages_from_crisis_response 00400 00375 00350 0.009 EM 0.008 0.007 0:006 0.028 0026 0024 Category Swear AN AVD 10 0175 0170- 0165 0160 0.048 0047 Category: Affect 0046 Category: Article Category Feel Category: Insight Category: Pronoun Category crisis score Mutom -20 -10 n_messages_from_crisis_response 0.006 0:005 0.004 0012 0010 0.008 as 0.50 0.49 0016 0014 0012 0.006 0.004 RANDOM CRISIS ROOM RANDOM NON CRISIS ROOM ¹ Matches specific behavioral traits and qualities of members to preferences and actions Category: Anger Kur Category: Certain Category: Funct Category: Negate Category: Sad May www Category: raw score -20 -10 n messages_from_crisis response 3 1.9M Psychographic measurements ¹ 0.6 200 Payors Improve costs of care significantly through improved quality and reliability of service Tenure Payout Model: Payment rate as a function of client tenure 600 tenure (days) 1000 monthly customer revenue_per_therapist payout per therapist per month baseline payout per therapist_per_month_default_model Average monthly therapist payout 4 250K Clinical diagnostics scale score delta Employers Better anticipate employee behavioral needs to improve efficiency and satisfaction at an organizational level 50 Alcoholism PHO-9-Suicidality Stress 300 150 days since baseline Depression Quality of Life 150 days since baseline 200 200 0 50 Anxiety Personality Disorders Substance User 100 150 days since baseline Mania Sleep Issues 100 150 days since baseline 200 200 35#37t Machine learning features constantly enhance member experience Andrew32 Yeah It's hard not to fixate. Especially when I'm sick. Risk Intelligence Increased risk of suicide attempt due to indication of Preparatory actions. Attempt Preparatory actions Ja Ideation Self-injurious behavior Recommended protocol Suggested Response I know it can be hard to get out of your head when you feel like you are doing something wrong. It can be hard to do that when you feel like you are doing something wrong. What do you think you can do when you start to feel that way? Rating***** Accuracy 78% 6 Based on Andrew32 personality profile Instead of I need you to tell me, use more thoughtful language like, Would you be able to describe, or Do you remember. x Ignore ✓ Replace x Ignore ✓ Send Hi Andrew, I'm happy to hear that therapy is giving your some determined to support you in getting a better understanding c depressed. I need you to tell me any situations that could hav Identify Risk Drive higher quality dialogue ... + E. Maximize 5 engagement Analyze history of member interactions Draw inferences from member profile and robust dataset Supplement with clinical input 2 Increase understanding of member Provide feedback to provider Predictors of Outcome Improve care plan 4 3 An Andrew32 Client Characteristics • Traits: Basic needs, beliefs, behaviors States: Emotions, Symptoms, Urges, Stuck points Confide exercise completion spotty steever Revealed dynamics: Level of therapeutic resistance, response to 2020-08-21 15vention e Engagement & Sentiment We can better determine the best treatment approach through the traits, states, and revealed dynamics of clients Weekly words 2,150 Treatment Intelligence Client identified in Action SoC and 6% clinical outcome improvement in the past. 21 days. Suggested treatment plan intervention: Presenting problems Anxiety Depression Gender Age Outcome Male 32 93% likelihood of completing treatment course. Interventions Anxiety interventions Help the client gain insight into the notion that worry may function as a form of avoidance of a feared problem and that it creates acute and chronic tension. Refer the client to a physician for a psychotropic medication consultation. Very positive Add goal Andrew32 As you know I've been feeling really low energ pretty depressed overall. Messaging you is he but even still, I'm in a bad place. Not sure if it' because of recent events or something else. I'm not getting much sleep either 36#38t Security and privacy by design ● ● ● Confidentiality Infrastructure Fully cloud-based systems Strong information security program with SOC 2 Type 2 compliance Access control Talkspace web and mobile apps access data using secure APIs, providing additional protections for data access ● Integrity Encryption All data encrypted in transit (using TLS 1.2 or higher) and at rest (using AWS' KMS, AES 512) ● Strong privacy program Software Notable third-party software used in development Secure coding practices Dedicated Data Privacy Officer with 20+ years of HIPAA experience Formal documented privacy management program Privacy by design approach promotes patient privacy in every stage of product development Availability SOC 2 TYPE 2 AICPA SOC People Information Security Officer responsible for implementing and monitoring security measures for the platform / ecosystem HIPAA SHITECH COMPLIANCE 37#39Q & A break Therapy tools O 9... 4 9:41 Live video sessions Next session scheduled for SPM, Thursday, Nov 7 Therapy exercises Build healthy and empowering habits Your journey Follow the steps and stages of therapy Inhale < Sharon Sharon Adams Hurst Working today By signing up for Talkspace you have made a really meaningful choice. know it can be an overwhelming decision but therapy can help you become a happier you. 9:41 Dec 12 11:30AM Smas Yeah, I'm going through a lot and it's been a struggle. I felt like I had to talk to a professional but my schedule is so busy. +Message Sharon... I can't wait to get started! Sharon has been notified Expect a reply by 20m Exercises Understanding past experiences identify patterns Gain new insights Record thoughts Sensory awareness 2 minutes Increase awareness improves concentration 15 Il Reduces stress Overcoming worry 0 9:41 9:41 How did the situation make you feel? 11-4 None-low Begin You can choose more than one. Happy Energized Next 12 Moderate Proud D X Orateful 16-12 Moderately SOVOM 30-27 Savors Your depression score is 12/27 Your score indicates an increase in your symptoms of moderate depression, Experiencing increased symptoms after starting therapy is fairly common. You're likely paying more attention to how you're < Long-term goals Clinical progress Reduce overall frequency, intensity, and duration of the anxiety so that daily functioning is not impaired. Short-term objectives Discuss progress with your therapist. If you that you've accomplished an objective, let therapist know so you can set new ones together. 9:41 talk space Identify, challenge, and replace bias fearful self-talk with positive, realis and empowering self-talk Leam and implement problem-solv and decision-making skills Verbalize an understanding of the cognitive, physiological, and behav components of anxiety and its treatment Marked as achieved on May 18, 2019 I'm going to focus on... Brushing my teath Svei VP Watering my plants 222 O Do Eating a moul#40Session break Therapy tools O 9... 4 9:41 Live video sessions Next session scheduled for SPM, Thursday, Nov 7 Therapy exercises Build healthy and empowering habits Your journey Follow the steps and stages of therapy Inhale < Sharon Sharon Adams Hurst Working today By signing up for Talkspace you have made a really meaningful choice. know it can be an overwhelming decision but therapy can help you become a happier you. 9:41 Dec 12 11:30AM Smas Yeah, I'm going through a lot and it's been a struggle. I felt like I had to talk to a professional but my schedule is so busy. +Message Sharon... I can't wait to get started! Sharon has been notified Expect a reply by 20m Exercises Understanding past experiences identify patterns Gain new insights Record thoughts Sensory awareness 2 minutes Increase awareness improves concentration 15 Il Reduces stress Overcoming worry 0 9:41 9:41 How did the situation make you feel? 11-4 None-low Begin You can choose more than one. Happy Energized Next 12 Moderate Proud D X Orateful 16-12 Moderately SOVOM 30-27 Savors Your depression score is 12/27 Your score indicates an increase in your symptoms of moderate depression, Experiencing increased symptoms after starting therapy is fairly common. You're likely paying more attention to how you're < Long-term goals Clinical progress Reduce overall frequency, intensity, and duration of the anxiety so that daily functioning is not impaired. Short-term objectives Discuss progress with your therapist. If you that you've accomplished an objective, let therapist know so you can set new ones together. 9:41 talk space Identify, challenge, and replace bias fearful self-talk with positive, realis and empowering self-talk Leam and implement problem-solv and decision-making skills Verbalize an understanding of the cognitive, physiological, and behav components of anxiety and its treatment Marked as achieved on May 18, 2019 I'm going to focus on... Brushing my teath Svei VP Watering my plants 222 O Do Eating a moul#41Talkspace is its own behavioral health category: Clinical network pioneering data-driven quality of care and efficiency talk space#42Provider testimonial JSJAUT WERELD BEIS CREW TAME JOU David and Goliath Malcolm Gladwell JOYCE CAROL OATES Option B THE GIRL WITH T DRAGON TATT The Gift 45345 Amy Cirbus, PhD, LMHC, LPC LV to#43t Unparalleled network quality and adequacy Robust growth Active providers -1,300 Jun'19 Unparalleled value proposition Flexibility and convenience Efficiency -3,000 Current Professional development $ Income Unmatched presence and quality Access -3,000 providers across all 50 U.S. states Experience 100% of providers with a Masters degree or higher Diversity 84% female, 16% male 26% people of color 8 years average years of experience per provider 21 clinical specialties 31% under age 35 42#44t Hybrid network model benefits both Talkspace and providers Benefit to talk space Benefit to Provider ● Employed (W-2) Tight quality control Cost and revenue visibility Single brand Steady stream of new customers Workday flexibility Leverage brand and infrastructure Efficient platform supports provider focus on clinical performance Create a steady income from home Become a Talkspace provider ● Independent (1099) Lower cost structure Speedy onboarding Easy to scale Additive to existing practice Opportunity for higher pay Flexible schedule Join our growing provider network! 43#45t Providers' capacity management ensures network scalability Predictive, real time, state level capacity dashboard 4000 Count Distinct Applicants " 30 25 20 15 10 5 0 State AL OK NV MI TX AL Network mission Deliver timely access, high quality, evidence based care to Talkspace members, at scale NY sam Monthly Applications My rhit Created a unim January 20 February March April Combined utilization of W2/1099 41.50% 31,18% 37.50% 35.69% 55.11% 19.95% 65.88% 30.60% 70.92% 44.76% 63.28% May Forde Ca Deut Massachusetts M Mamad June Available capacity of W2/1099 1,830 707 675 589 July 333 318 307 MTD Apps by State (not including null) Therapist Applicants - Marketing Channel The Applicas Con Distin Applicants August September October November Created At Month December Capacity per state January 21 african-american 72.95% asian 14.75% hispanic 10.66% caucasian 0.82% multiracial 0.82% February 9h ago March 3 Automated, fast, efficient provider enrollment Talkspace- All time Remote 5005 applicants in process Application-P... 4172 0 Actions Filters- Sort Filter by Label Filter by Check Check Status Filter by Data Collection Status- Actions Actions Application-P.... 119 Actions Robin McKinney [email protected] Background C... 53 Saimira Janchi Kazemi [email protected] Katheryn Puente [email protected] Tammy Clark 0 [email protected] Actions Paige Kelso-nak [email protected] Background C... 3 Phone + +1786-268-0108 Status +1314-650-6839 Contracting Document Signing Contracting D 127 +1206-422-443 Contracting-H ********old flo.... 415 0 Download App 9 Move To In Trai... Application-C 7 Q Seath applicants Contracting-Headshot photo collection and Provider Manual waiting for completion Application-Prerequisites completed Background Check (Tasker Pro): Clear +1702-622-7556 Received Checkr Consent: SSN WIl signed by Robin McKinney (Applicent) Talkspace Network New Provider Agreement signed by Robin McKinney (Applicant) NOA signed by Robin McKinney (Applicant) 0/2 Documents Approved Clean file Does not have iOS device (don't send app center invite) Flagged file Application-C... 0 Contracting-Headshot photo colaction and Provider Manusi waiting for completion Application-Prerequisites completed Background Check (Tasker Pro): Clear Received Checkr Content: SSN Tpace Network-New Provider Agreement opened by Saimirs Alanchi Kazemi (Applicant) NOA opened by Solmirs Jianchi Kami(Applicant +1949-293-2716 W opened by Solmimanchi Kazemi (Appliant) wo signed by Salmira Jilanchi Kazemi (Applicant) NDA signed by Salmira Jilanchi Kazumi (Applicer) Talkspace Network-New Provider Agreement signed by Salmira Janchi Kazemi(Applicant) 0/2 Documents Approved Clean file Does not have iOS device (don't send app center invite) Flagged f O signatures needed Verification 5 Contracting-Headshot photo collection and Provider Manual waiting for completion Application-Prerequisites completed Background Check (Tasker Pro Clear Received Checkr Consent: SSN Turkspace Network-New Provider Agreement opened by Katheryne Puentes (Applicant) NDA unopened by Katheryn Puentes (Applicant WB unopened by Katherine Punites (Applicant) Talkapace Network New Provider Agreement signed by Katheryne Puentes (Applicant) NOA signed by Katheryne Puentes (Applicant) Clean file WS signed by Katheryne Puentes (Applicant) 03 Decuments Approved Does not have iOS device (don't send app center invite) Flagged file Contracting-Headshot photo collection and Provider Manual waiting for completion Application-Prerequisites completed Background Check (Tacker Pro): Clear Received Checkr Consent: SSN Takspace Network-New Provider Agreement opened by Tammy Clark (Applicant)NDA unopened by Tammy Clark(Applicant W3 unopaced by Tammy Clark (Applicam W9 signed by Tammy Clark (Applicent) Takspace Network-Niew Provider Agreement signed by Tammy Clark (Applicant) NDA signed by Tammy Clark (Applicant) 0/2 Ducuments Approved idle 2 days Clean file Does not have iOS device (don't send app center invite) Flagged file Contracting-Headshot photo collection and Provider Manual waiting for completion Application Prerequisites completed Backgmund Check (Tasker Pro): Clear Received Checker Consent: SSN WS signed by Paige Kalso-Znak (Applicant) NOA signed by Paige Kelsa-Znak (Applicant) Talkspace Network - New Provider Agreement signed by Paige Kelso-Znak (Applicant) 0/2 Documents Approved idle 3 days Clean file Verifications... 184 Create Test Applicant Date Landed Oct 19, 2020 Oct 19, 2020 Oct 19, 2020 Oct 17, 2020 Oct 16, 2020 44#46t Ensuring highest standards of clinical quality Embedded evidence-based workflow 9:41 Clinical progress Q avg % change between 1st and 2nd surveys Symptom tracker Depression None - Low While you do not have symptoms, therapy can still help reduce stress and shift habits that are keeping you stuck. Apr B Apr 29 Learn more: -40% -30% Assessment due Complete your assessment to track your symptoms. Due Friday, Jul 5 Start assessment -20% -10% 0% May 20 -20.85% Dec 14 -3% 12/27 Jun 10 All ... - - -22.25% Dec 21 Obse Comp Disor Likely of OCD is need sympto Apr 8 Learn I -18.16% Dec 28 -19.63% 9:41 Jan 4 0-4 None-low Ope Mild 10-14 Moderato 12 Moderate Your depression score is 12/27 Your score indicates an increase in your symptoms of moderate depression. Experiencing increased symptoms after starting therapy is fairly common. You're likely paying more attention to how you're feeling and are more aware of whatever symptoms are arising. With the support of your therapist, you can learn techniques to reduce symptoms over time-so be sure to check in with them about your results. Progress tracking Goals and objectives ; Avg. Depression Frequency Improvement, 1st to 2nd Survey 6m ago Outcome changes are measured against first-survey results from three weeks ago. Hence, a second survey taken in the last week of May is measured against a survey taken in the first week of May. -50% -18.99% Discussion points What does my score mean? What are some strategies I can practice. to manage my symptoms better? Lately I've been feeling... Jan 11 15-19 Moderately sovere Discuss with your therapist 20-27 Severa Done -22,20% -20.08% -19.97% Jan 18 Jan 25 date of second survey 9:41 Feb 1 Long-term goals Clinical progress Reduce overall frequency, intensity, and duration of the anxiety so that daily functioning is not impaired. Short-term objectives Discuss progress with your therapist. If you feel that you've accomplished an objective, let your therapist know so you can set new ones together. Identify, challenge, and replace biased, fearful self-talk with positive, realistic, and empowering self-talk all- Learn and implement problem-solving and decision-making skills Verbalize an understanding of the cognitive, physiolog and behavioral components of anxiety and its treatment Marked as achieved on May 18, 2019 -22.66% Recog accep cope feelin depre Feb 8 Outcome measures -19.63% Feb 15 -21.37% -22.639 Feb 22 Mar Real-time, performance-based therapist scorecard looker GeoGe Therapist Score Simplified 09-10-18 FILTERS (1) VISUALIZATION Theaper Score Fin Not G First Name 5.00 4.50 4.00 3.50 3.00 Therapist Score Final Next Gen First Name is not null Theapest Score Next Gen hame Thengst Score Fal Next Gan Therapist 10 October Therapist Therapist Retention Rank New State 527200 MO 238454 CA 54012 NY 1032459 NY B41210 CA 5532 CA 822522 IN TARSZY CA 947232 TK 1001110 OC 877900 OK 194133 AK 809725 1084610 NC 889148 VA 1084643 L 70918 TN MO 545525 CA SABRE NO 25399 NO tertion a Now Therap Phase Provider (20 Provider Pronder Provider Provider Provider Provider (20 Provider G Provider Provider Provider Provider (20 Phosing Out Provider Provider (25 Provider Provider Provider Provider Provider Provider (2) 4.42 4.43 (avg periodic rating: 4.36 4.49 4.48 Therapa Scae Therapist Score Het Gen Gen Overall Cat Retention Caf Percentile Percentile November 89.35 93.34 92.0 95 29 93.70 1641 LXI D 94.09 83.17 75.62 75.36 90.38 93.81 886 80.53 87.41 91.0 94.81 2 4.44 Browse 4.51 100.00 11.91 15.359 10:20 10:08 99.94 99.11 99.93 99:47 99.90 94.90 44.70 99.89 HM 19.44 1961 35.50 19:56 11.35 10.4 26.41 Explore Therapie Soare Fal Next Gel Retention am Om Ca Count 4.45 33 48 47 43 20 18 December ST 50 48 43 45 n 24 18 29 35 20 41 Develop The Score Therapa Scare Theap Score Finalet Theap Score Final Next Gen Final Next Gen Gen Overall Therapist Next Gen Num Om Ram Service Score Ce Count Rooms First Message Rate Percentile 44.32 61.35 40,97 18.34 4001 40.19 12:40 65.07 60.48 47.78 27,97 82.08 62.01 31.24 7147 64,00 71.41 44:38 50 204 147 4.39 4.40 4.38 4.37 40 45 50 29 90 106 32 100 45 308 30 150 S 41 2.596 rows from cache just now 1.19 6.12 MIS January ¹21 date of therapist check-in 06.32 90.33 52.00 51.54 92.14 54.03 1265 6.18 24.86 85.34 75.20 5176 45.14 4.47 M32 4.32 4.34 90.36 23 10 22 16 1 3 20 29 21 14 8 8 33 12 1 $ Avg Therapist Rating: Periodic Check-ins Avg daily therapist rating score via periodic Therapist Check-in Wizard responses. Therapist Score ud Het lien Quality Score Cof Percen 4.45 4.41 4.43 83.33 3.33 8133 8133 February 81.33 83.33 8133 1333 83.33 83.33 83.33 1.39 89.55 89.39 83.39 21.33 83.33 113 Q2 Explore from Here The Scon Fru Next Gen Founded Complaints Last 24 4.43 4.42 D 9 D 0 . D D |- 4.38 8h agc 4.47 4.30 March 45#47t Science-based approach driving meaningful clinical outcomes Clinical case study Talkspace treatment efficacy 12 10 8 6 4 2 0 T . Pre ● ■PHQ-9 T ■GAD-7 Talkspace treatment efficacy Published study of 10,718 participants Study length of 1.5-3 months T 68% of patients improved or remitted Post T Average patient age 35 Based on PHQ-9, GAD-7 results Clinical standard for measuring depression and anxiety symptoms, respectively A focus on clinical excellence 10 Peer-reviewed studies DOI: 10.1002/jclp.22718 RESEARCH ARTICLE Patterns of utilization and a case illustration of an interactive text-based psychotherapy delivery system George C. Nitzburg¹,2 Barry A. Farber¹ JOURNAL OF MEDICAL INTERNET RESEARCH Original Paper ● WILEY Message Delivery for the Treatment of Posttraumatic Stress Disorder: Longitudinal Observational Study of Symptom Trajectories Matteo Malgaroli", PhD; Thomas Derrick Hull23*, MS; Shannon Wiltsey S Two-way messaging therapy for depression and anxiety: longitudinal response trajectories Thomas D. Hull¹¹, Matteo Malgaroli, Philippa S. Connolly, Seth Feuerstein and Naomi M. Simon² BMC Psychiatry Open Access Check for updates Identifying therapist conversational actions across diverse psychotherapeutic approaches Fei-Tzin Lee*, Derrick Hull, Jacob Levine¹, Bonnie Ray, Kathleen McKeown* "Columbia University, Department of Computer Science Talkspace Additional 2020 NIMH grants • $3.9M grant with University of Washington to conduct a randomized control trial evaluating the efficacy of messaging therapy Source: Hull, T.D., Malgaroli, M., Connolly, P.S. et al. Two-way messaging therapy for depression and anxiety: longitudinal response trajectories. BMC Psychiatry 20, 297 (2020) $3.7M grant with University of Washington that examines strategies for enhancing digital behavioral health care 46#48Q & A break talk space#49Creating shareholder value talk space#50Multiple levers for continued rapid growth ● ● Expand user base and drive engagement 71 O Expand base through driven brand awareness Drive member engagement beyond episodic care Expand partnerships Expand base and penetration of existing B2B clients Add new B2B client relationships International expansion Highly exportable platform capabilities 30mm ¹+ near-term international addressable patients ● M&A ... AMD Multiple adjacency areas to enter Further expand care capabilities t 1% prevalence of mental health and substance abuse disorders in each country (2017 data provided by https://ourworldindata.org/mental-health#prevalence-of-mental-health-and-substance-use-disorders) multiplied by 2020 total country population (https://www.nationsonline.org/oneworld/population-by-country.htm), prevalence figures are as follows - UK: 15%, Canada: 16%, South Africa: 13%, Australia: 18%, New Zealand: 19% 49#51t Expand highly-engaged core user base Continue driving brand awareness and member engagement Expand member base f Love is finding common ground in couples therapy (0) Love is improving just for yourself in therapy THE OPRAH MAGAZINE O VOGUE Fortune DEMI talkspace Utilize brand awareness for further penetration Transition existing user base in need of psychiatry services Expand provider network and capabilities Continue penetrating large base of potential members currently suffering without access Highest brand awareness ¹ relative to competitors 80% talk space 36% of members viewed Talkspace as more effective than traditional, F2F therapy MDLIVE II Brand awareness of Talkspace of Americans are open to seeing a therapist dr. on demand 83 betterhelp 98% of members viewed Talkspace as more convenient than traditional therapy 42% Teladoc BEALTH of Americans have seen a therapist at some point in their lives Source: July 2020 Brand survey - 1,200 U.S. consumers, 18-49 y.o.; Hull, T.D., Mahan K. A Study of Asynchronous Mobile-Enabled SMS Text Psychotherapy. Journal of Telemedicine and e-Health, Vol. 23, No. 3; "Americans Feel Good About Counseling"; ¹ Measurement of aided awareness 50#52t Diverse pathways to continued B2B growth Address embedded members in existing B2B clients Cigna. Google Blackstone Client A Humana. B2B lives covered growth (2019) At launch Client B Client C accenture 3,000 -34K ~1.7mm 1 As of 12/01/20; 2 As of 02/28/21 Current¹ -126K ~2.4mm ~4.8mm ● ● ● Add new B2B clients B2B lives covered growth (mm) - 2 >40 Q1'19 Current ² Partner with additional regional and national health plans Accelerate outbound marketing efforts in order to further penetrate B2B segment Leverage broker and consultant relationships to reach additional clients Continue penetrating college / university market Expand capabilities 1 Extend member retention through self-service care products 2 Further establish and grow psychiatry Expand into sleep & wellness 4 Integrate platform with other providers 5 Offer service at a global scale 51#53Clear global expansion opportunity Near term targets - $215bn global behavioral health TAM Illustrative TAM Estimated English-speaking addressable population 30mm ¹+ Rationale Highly exportable platform capabilities Near-term focus on English speaking countries Clear perspective on regulatory and clinical requirements Note: TAMs reflect 2020 estimates; Source: Mordor Intelligence (2020), NAMI, OurWorld in Data t 1% prevalence of mental health and substance abuse disorders in each country (2017 data provided by https://ourworldindata.org/mental-health#prevalence-of-mental-health-and-substance-use-disorders) multiplied by 2020 total country population (https://www.nationsonline.org/oneworld/population-by-country.htm), prevalence figures are as follows - UK: 15%, Canada: 16%, South Africa: 13%, Australia: 18%, New Zealand: 19% 52#54t Optimally positioned for M&A opportunities across behavioral health landscape Chronic managed care Virtual therapy and psychiatry adjacencies Case study: lasting acquisition lasting Lasting is for two. Are you the first to join? I'm first! *You'll get a code to share I'm joining my partner Keep Going You're on session 4 of 5 Let's Exercise: Your Emotional Calls Foundations Start Now My Series Start a new topic or revisit past sessions Foundations 5 Sessions talk space Steve, 4 of 5 Becca, 4 of 5 Comparisons available for sessions 3 and 4 Emotic 13 Sessio Steve, 2 c Becca Becca ha Share Se Emotional Connection SERIES: 13 SESSIONS Let's Assess: Your Connection Let's Learn: Emotional Connection Next 4 Minutes Let's Exercise: Your Experience 4 Let's Exercise: Sacrifice Substance use disorder Wellness and mindfulness platform Address price sensitive users and expand member base Upsell product to current users to drive ARPU Provide low acuity solution as de-escalating from therapy 53#55Overview of financials talk space#56t Financial performance highlights Attractive ket trends Embedded growth opportunities Efficient customer profitability metrics Unique economic model Capital deployment • Demand for behavioral services driving widespread insurance coverage • Positive regulatory outlook with loosening cross-state credentialing • COVID acted as accelerant to underlying behavioral market tailwinds ● ● ● ● ● ● ● ● Additional Members from both existing and new B2B clients Increased awareness & engagement increased utilization Psychiatry and new product rollouts create meaningful growth opportunity ● Waning from high-cost social media channels driving lower CAC Expansion of service lines driving increased customer duration and LTV Strong forward year visibility into B2B sales / member base Low marginal cost to support new members Highly predictable visit utilization patterns Low long-term capital intensity and high free cash flow conversion Effective framework for capital deployment • Platform to capitalize on industry dynamics expected to offer acquisition opportunities to build membership, capabilities and service offerings • Continue to create and realize opportunities to build deeper penetration with health plans and align on strategy 55#57t Exceptional financial profile with strong growth trajectory Net revenue ($mm) | Growth (%) $18 2017A $76 2020A 100% Net revenue ($mm) | Growth (%) $125 $29 2021E 64% 2018A 61% 55% CAGR $205 62% CAGR 2022E 64% $38 2019A 33% $285 2023E 39% $76 2020A 100% $50 2020A 65% Gross profit ($mm) | Gross margin (%) $80 2021E 64% Gross profit ($mm) | Gross margin (%) 52% CAGR $129 $8 2022E 63% 2017A 47% $176 2023E 62% $14 2018A 49% 82% CAGR ($22) 2020A $20 2019A 51% We have not provided a reconciliation of EBITDA to GAAP net income (losses) on a forward-looking basis due to the potential variability, limited visibility and unpredictability EBITDA¹ ($mm) | EBITDA margin (%) ($12) 2021E $14 $50 2022E 7% 2020A 65% $42 2023E 15% 56#58t Financial outlook Near-to-medium term growth and margin expectations Revenue growth Gross margin expansion EBITDA margin expansion ● ● ● ● ● ● Rapid growth in both B2B and B2C segment Strong growth in new clients coupled with high retention of existing accounts Increasing awareness and engagement driving utilization growth in membership base Expansion driven by product mix shift towards higher-demanded video therapy plans and B2B segment Alignment towards market-level provider rates coming from historical highs. As LTV increases, usage of rebates and discounts per dollar of revenue earned for first- time users diminishes Operating margin improvement driven by low infrastructural and marginal cost to support new members Mix shift towards B2B segment meaningfully lowers marketing and customer acquisition costs Robust technology platform creates operational automation opportunities to reduce overhead over time 57#59t Profit and loss snapshot ($ in millions) Net revenue % growth Gross profit % margin Operating expenses EBITDA¹ 2017A $18 8 47% (23) (14) HISTORICAL 2018A $29 61% 14 49% (34) (20) 2019A $38 33% 20 51% (49) (29) 2020A $76 100% 50 65% (72) (22) FORECAST ..................... ... ▶ 2021E $125 64% 80 64% (93) (12) ¹ We have not provided a reconciliation of EBITDA to GAAP net income (losses) on a forward-looking basis due to the potential variability, limited visibility and unpredictability 2022E $205 64% 129 63% (114) 14 2023E $285 39% 176 62% (134) 42 58#60t Financial statement presentation Income Statement Revenues Commentary We generate revenues from the sale of monthly membership subscriptions to our therapy platform, payments from consumers and their respective insurance companies and annually contracted platform access fees paid to us by our enterprise clients for the delivery of therapy services to their members or employees ● ● We recognize consumer subscription revenues ratably over the monthly subscription period, beginning when therapy services commence ● We recognize contracted minimum revenue from our enterprise clients from the commencement of their contract term through the annual period We also recognize revenue as services are performed under contracts that do not provide for a contracted annual minimum fee Revenues are recognized when we satisfy our performance obligation to provide virtual behavioral healthcare services which occurs over the period under contract, when our consumers have access to our platform. Revenue is recognized in an amount that reflects the consideration that is expected in exchange for the service Revenue growth is generated from increasing our membership subscriptions, contracting with enterprise clients and health plans. As of February 28, 2021, we had ~51,000 total B2C and B2B active members, 10 health plan clients (covering over 40 million lives) and 72 enterprise clients We have demonstrated continued revenue growth during 2019 and 2020 as a direct result of the increased penetration of the direct-to-consumer market, and the Company's 2018 entry into the commercial insurance and enterprise sales markets The Company's Net revenues grew ~100% from $38.2 million for the year ended December 31, 2019 to $76.2 million for the year ended December 31, 2020 59#61t Financial statement presentation (cont'd) Income Statement Cost of revenues Research and development expenses Clinical operations expenses Commentary • Comprised of therapist payments and hosting costs Largely driven by the size of our provider network that is required to service the growth of our customer base, in addition to the growth of our health plan and enterprise clients ● ● ● ● ● We designed our business model and our provider network to be scalable and to leverage a hybrid model of both employed practitioners and independently contracted practitioners to support multiple growth scenarios. While we expect increased investments to support accelerated growth and the required investment to scale our provider network, we also expect increased efficiencies and economies of scale Includes personnel and related expenses for software development and engineering, information technology infrastructure, security and privacy compliance and product development (inclusive of stock-based compensation for our research and development employees), third-party services and contractors related to research and development, information technology and software- related costs R&D expenses will increase on an absolute dollar basis as we continue to grow our platform and product offerings; however, the anticipated corresponding future revenue growth is expected to result in lower research and development expenses as a percentage of revenue Clinical operations expenses are associated with the management of our provider network of therapists. Such costs are comprised of costs related to recruiting, onboarding, credentialing, training and ongoing quality assurance activities (inclusive of stock-based compensation for our clinical operations employees), costs of third-party services and contractors related to recruiting and training and software-related costs We expect clinical operations expenses will increase on an absolute dollar basis as we continue to grow our provider network and product offerings 60#62t Financial statement presentation (cont'd) Income Statement Sales expenses Marketing expenses Commentary • Consist primarily of employee-related expenses, including salaries, benefits, commissions, travel and stock-based compensation costs for our employees engaged in sales and account management We expect our sales expenses to increase as we continue to invest in the expansion of our health plan and enterprise business. We expect to hire additional sales personnel and related account management personnel to properly service our increasing client base, to develop additional growth opportunities within existing clients and to develop new market opportunities ● ● ● Consist primarily of advertising and marketing expenses for consumer acquisition and retention, as well as personnel costs, including salaries, benefits, bonuses, stock-based compensation expense for marketing employees, third-party services, contractors and customer service team Also include third-party software subscription services, third-party independent research, participation in trade shows, brand messaging and costs of communications materials that are produced for our clients to generate greater awareness and utilization of our platform among our health plan and enterprise clients ● • Consumer marketing expenses are primarily driven by investments to grow and retain our consumer base and may fluctuate as a percentage of our total revenue from period to period due to the timing and extent of our advertising and marketing expenses 61#63t Financial statement presentation (cont'd) Income Statement General & administrative Income taxes Commentary Consist primarily of personnel costs, including salaries, benefits, bonuses and stock-based compensation expense for our executive, finance, accounting, legal and human resources functions, as well as professional fees, occupancy costs, and other general overhead costs We expect to incur additional general and administrative expenses in compliance, legal, investor relations, director's and officer's insurance, and professional services following the completion of the business combination related to our compliance and reporting obligations as a public company We also anticipate that as we continue to grow as a company our general and administrative expenses will increase on an absolute dollar basis. However, we expect our general and administrative expenses to decrease as a percentage of our total revenue over the next several years ● ● ● ● ● ● Our taxes on income consists primarily of foreign income taxes related to income generated by our subsidiary organized under the laws of Israel As we expand the scale of our international business activities, any changes in the U.S. and foreign taxation of such activities may increase our overall provision for income taxes in the future We have a full valuation allowance for our U.S. deferred tax assets, including federal and state NOLs. We expect to maintain this valuation allowance until it becomes more likely than not that the benefit of our federal and state deferred tax assets will be realized through expected future taxable income in the United States 62#64Company highlights t 1 talkspace 5 2 4 Pure-play solution to vast unmet medical needs with huge TAM accelerated by COVID 3 Purpose-built platform designed to optimize outcomes for patients, clinicians and payors Sizeable credentialed providers' network addressing a wide spectrum of clinical needs Scalable technology stack driven by robust behavioral data set Science-based approach leads to meaningful clinical outcomes Hudson Executive / Talkspace partnership further accelerates growth • Deep enterprise relationships in health care and other industries ● Public market and M&A expertise 63#65Talkspace is a preeminent digital behavioral health platform This is just the beginning for us Our goal is to become a full stack one-stop shop behavioral health provider, able to serve any user's needs across their care journey#66Thank you 66 What I admire most about Talkspace is their mission to provide Therapy for All and bring more awareness to the importance of mental and behavioral health. Demi Lovato, Singer, Songwriter, Activist, Mental Health Advocate#67Appendix 7 talk space#68t Hudson Executive Investment Corp. overview Founder / Managing Partner of Hudson Executive Capital Former CFO / Vice Chairman of J.P. Morgan and Head of Americas Investment Banking 35-years of M&A leadership, including some of largest Healthcare transactions HUDSON EXECUTIVE CAPITAL HEC is an investment firm that helps drive portfolio company strategy through active engagement with management Dedicated investment team with deep knowledge of public market positioning Leverage CEO network for guidance on investments HEC, along with Doug Braunstein and Doug Bergeron, is a co-sponsor of the SPAC Doug Braunstein Doug Bergeron Select HEC investments AtriCure Corindus A Siemens Healthineers Company HeartWare® natera tivity ● ● Managing Partner of Hudson Executive Capital 35-year successful FinTech track record including 12 years as CEO of VeriFone, during which time enterprise value grew from $50 million to over $5 billion Tech investor and mentor to management teams CEO network: Select Healthcare Executives Marc Casper: President, CEO and Director • Stephen Hemsley: Former CEO and current Chairman Alan Miller: Founder, Chairman and CEO Fred Eshelman: Former Chairman and CEO Paul Ormond: Former Chairman and CEO Thermo Fisher SCIENTIFIC UNITEDHEALTH GROUP UHS PPD HCR Manor Care 67#69Pro forma capitalization and ownership Estimated transaction sources & uses¹ ($mm) Sources SPAC Cash in Trust Hudson Executive Capital Forward Purchase PIPE Total cash sources Uses Cash to balance sheet Secondary proceeds Estimated transaction expenses ¹ Total cash uses $414 $25 $300 $739 $250 $444 $45 $739 Post-money valuation at close ($mm) PF Transaction Illustrative Talkspace Share Price PF Shares Outstanding Total Equity Value (+) Debt at close (-) Cash at close PF Enterprise Value PF EV / 2021E Net Revenue PF EV / 2022E Net Revenue Illustrative post-transaction ownership2 HEIC sponsor FPA 4% 2% PIPE 18% HEIC shareholders 25% Existing Talkspace shareholders 51% t 1 Transaction expenses are an estimate; 2 Total pro forma shares outstanding includes 83.9 million rollover equity shares, 41.4 million for HEIC public investors, 30.0 million from PIPE, 7.2 million SPAC sponsor shares, and 2.5 million from HEIC forward purchase agreement. Assumes no redemptions, no management awards and does not include impact of dilution from 20.7 million public warrants, 10.3 million private warrants, and 1.3 million FPA warrants. 1.6 million SPAC sponsor share vest when the stock reaches $12 and 1.6 million share at $15 $10 165.0 $1,650 $0 ($250) $1,400 11.2x 6.8x 68#70Valuation benchmarking to peers '19A-¹22E Revenue CAGR EV / Revenue EV Gross Profit 75% 11.3x 17.7x³ 3 6.9x talk space Talkspace premium / (discount) to peers 11.0x talkspace 3 Talkspace premium / (discount) to peers 24.4x 38% 17.8x GoodP 26.0x (53%) / (61%) 19.0x GoodPx (35%) / (45%) 32% 16.7x 13.0x 44.5x amwell (32%) / (47%) 31.5x amwell (65%) / (69%) 16.7x 68% 25.0x 12.7x ● TELADOC. (32%) / (46%) 2021 18.8x 2021 Core Peers Median: 16.7x 2022 Core Peers Median: 12.9x OTELADOC. (36%) / (47%) 2022 3.7x 20% 2.6x 7.5x SOC Telemed" 205%/162% 2021 Core Peers Median: 25.5x 2022 Core Peers Median: 18.9x 4.9x SOC Telemed" 12.2x 104% / 94% 24% 9.8x Disruptive Healthcare¹ 22.9x (7%) / (29%) 18.9x Disruptive Healthcare¹ (23%) / (42%) 14.4x t Source: FactSet as of 03/05/21; 1 Disruptive Healthcare includes mean of: Accolade, DexCom, Health Catalyst, Health Equity, Inspire Medical, iRhythm, Novocure, Oak Street, One Medical, Phreesia, Veeva; 2 High Growth Internet includes mean of: Chegg, Etsy, Fiverr, Match, Shopify, Upwork, Zoom; 3 Represents PF HEC multiples 49% 20.9x 11.8x High Growth Internet² (21%) / (41%) 17.1x High Growth Internet² (15%) / (36%) 69#71Legal and regulatory talk space#72t Regulatory environment ● ● ● Regulatory reforms Traditionally, intimate nature of behavioral health care has placed a regulatory burden on teletherapy CMS expanded services and waived barriers to coverage of tele therapy video and messaging platforms States issuing waivers to allow cross-state practicing of tele-therapy services In many cases, reimbursement rates have improved California published guidelines to promote effective sharing of behavioral health information 80 New telehealth services temporarily approved by CMS in response to COVID-19 Outlook "[Patients] pointed to the rapid responses from state and federal agencies by way of relaxed regulations as essential to their early and ongoing success with virtual care" - National Council for Behavioral Health "Increased sharing of data will better inform the current state of a person and will allow for proactive identification of potential behavioral health issues before they arise" - Deloitte 71#73t Licensing & credentialing as first step towards full practice management services Goals of credentialing process 2 3 Timely processing of applications Safety of clients and quality to care Access to care Types of providers credentialed ✓ Licensed Ph.D./Psy.D. ✓ Masters-level licensed social workers (LCSW, LISCW etc.) ✓ Marriage & family counselers Masters level licensed counselers (LPC, LPCC, etc.) Psychiatrists (MD/DO) ✓ Nurse practitioner & prescriptive authority Physicians assistants. Credentialing process Credential Ongoing maintenance ● In-house credentialing quality control committee Utilize Cred Simple vendor Confirms: Education & training State licensure Disciplinary actions or sanctions Insurance coverage Liability claims Credentials reviewed annually Ongoing live monitoring of liability claims, disciplinary actions and new state lincenses 72#74talk space