#12021 Investor Presentation February 10, 2021 Uber#2Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA as percentage of revenue, and Adjusted Costs and expenses. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management's internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business. There are a number of limitations related to the use of non- GAAP financial measures. In light of these limitations we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP. For more information on these non-GAAP financial measures, please see the section titled "Non-GAAP Reconciliations" included at the end of this deck. 2#3Forward Looking Statements This presentation may contain forward-looking statements regarding our future business expectations, which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward- looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "objective," "ongoing," "plan," "potential," "predict," "project," "should," "target," "will," or "would" or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: the outcome of a legal appeal in the UK regarding the classification of Drivers and a related tax case before the UK tax authority, developments in the COVID-19 pandemic and the impact on our business and operations, competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation and other legal and regulatory developments and proceedings, particularly with respect to our relationships with drivers and delivery persons. In addition, other potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent quarterly report on Form 10-Q for the quarter ended September 30, 2020 and subsequent annual reports, quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this presentation is as of the date hereof and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of such date. We undertake no duty to update this information unless required by law. 3#4Contents 01 2020 Review Strong execution in a challenging environment 02 Uber today Global platform addressing a massive opportunity 03 Mobility Undisputed global leader 04 Delivery Global scale and local leadership 05 Freight Disrupting freight brokerage 06 Financial model & equity investments 07 Board & Sustainability#501 2020 Review Strong execution in a challenging environment#62020 was a year like no other.#7We moved rapidly to focus the company towards growth opportunities while securing our future Jan' 20 Careem acquisition closed Divested Uber Eats in India for ownership stake in Zomato Apr' 20 Uber Direct and Uber Connect launched Mar' 20 COVID-19 impacts begin May 20 8 sub-scale Delivery markets exited Headcount reduction impacts nearly 25% of Uber's workforce $1 billion run-rate fixed costs reduction commitment Jul' 20 Postmates acquisition announced Grocery expansion begins Acquired Routematch Divested JUMP for ownership stake in Lime $1 billion Senior Notes offering completed Aug' 20 Autocab acquisition announced Sep' 20 $500 million Senior Notes refinancing Uber Freight in Europe divested for ownership stake in Sennder Uber found "fit and proper" to operate in London Oct' 20 Uber Freight raises $500M in funding from Greenbriar SK Telecom joint- venture announced Nov' 20 Proposition 22 passes in California Uber Reserve launched Dec' 20 Postmates acquisition closed Announced ATG and Uber Elevate divestitures for ownership stakes in Aurora Innovation and Joby Aviation resp. $1.15 billion Convertible Senior Notes offering completed#8Focus on core opportunities Portfolio at end of year Mobility Delivery Divested ATG, Elevate, Freight Europe and Jump (Micro-mobility) in 2020 Employee headcount down to 19K from 27K at the beginning of the year Freight#9Steadily recovering from pandemic impacts with a leaner cost base Gross Bookings ($B) 10.9 4.7 15.8 Q1'20 Mobility 3.0 7.0 10.2 Q2'20 Delivery 5.9 8.6 14.7 Q3'20 Uber 6.8 10.1 17.2 Q4'20 Adj. EBITDA ($M) 581 (313) (612) Q1'20 Mobility 50 (232) (837) Q2'20 Delivery 245 (183) (625) Q3'20 Uber 293 (145) (454) Q4'20#10We focused on doing our part in safely moving what mattered in 2020 We put safety first... Tech innovations New policies & standards Education & awareness 231 Million mask verifications 99.5% of trips have no reported issues We supported drivers & delivery people by committing... 30 Million masks/face covers distributed $24 Million in financial assistance 600K canisters of Clorox Disinfecting Wipes We supported our communities by committing... 10 Million free rides & meals 10 Million rides for vaccine access 54 countries 200 partnerships#11In 2021, we will help the world move again Committed 10 million free or discounted rides to help make sure that transportation is not a barrier to getting the vaccine Advocating for drivers to be prioritized with other frontline workers for vaccine access More to come... Partnerships to improve vaccine access Uber's partnerships so far include Moderna and Walgreens#1202 Uber today Global platform addressing a massive opportunity#13Go Get ← bont Circle Chinatown → West Philly k Bay East Village Upper East Side st 4th Go→ Meetings in midtown. Wynwood Little Havana → Bananas Blueberries Milk Lincoln Park → McCarren Park → Washington Square Park Soho Little Italy → Broadway eese Pad Thai U District as Blueberries Milk Li Little Italy - Pad Thai Blueberries Par One membership to do more for less arren Park → Washington Square Park → Soho adway Dumbo West 4th Capitol Hill Tacos Bagels Burritos Meatballs Wings Bacon Egg Cheese strict →Lodo→ Georgetown → Dupont Circle → Chinatown → West Philly → Wynwood Little Havana → Bananas Lincoln Park The Loop → Back Bay → East Village → Upper East Side → McCarren Park → Washington Square Park aly Broadway → Dumbo → West 4th → Capitol Hill → Tacos Bagels Burritos Meatballs Wings Bacon Egg ai U District →) Lodo→ Georgetown → Dupont Circle Chinatown → West Philly → Wynwood → Little Havana → Bar erries Milk Lincoln Park The Loop Back Bay → East Village → Upper East Side → McCarren Park→ Washington etown Loop Get Eats from uptown. gton Square Park → Soho Bacon Egg Cheese mbo apit o Georgetown →Dupont Circle Chinatown → West Phoy Wynwood → Little Havana → Bananas o → Little Italy → Broadway → Dumbo → West 4th → Capitol Hill → Tacos Bagels Burritos e Pad Thai Meatballs Wings U District → Lodo→ Georgetown →Dupont Circle → Chinatown → West Philly → Wynwood → Little Ha as Blueberries Milk Lincoln Park The Loop Backy→ East Village Upper East Side → McCarren Park → e Parkoho → Little taly → Broadway → Dumbo → Wes Capitol Hill →Tacos Bagels Burritos Meatballs on E a Barlante Uber Passict Lodo→George Dupont Circle > Chinatown → West Philly → Wynwo lueberries Mur Lincoln Park The Lo ngton Square Park → Soho Little Italy Broadway → Du Back Bay → East Village Upper East Side → McCarre West 4th → Capitol Hill → Tacos Bagels Burritos pont Circle Chinatown We Philly Wynwood Little Havana Bananas Blueberries k Bay Fast Village U →McCarren Park → Washington Square Park → Soho → st 4th Go etown Loo mbo Get do→ Georgetown → Dupont Circle → Milk Lincoln Park → Little Italy → Broadway - Cheese Pad Thai U District - ananas Blueberries Milk Lin Park → Soho → Little Italy - Cheese Pad Thai ← Wynwood Little Havana → Bananas Blueberries ParkOne membership to do more for less carren Park → Washington Square Park → Soho - adway Dumbo → West 4th Tacos Bagels Burritos Meatballs Wings Bacon Egg Cheese istrict →Lodo→Georgetown →→Dupont Circle → Chinatown → West Philly → Wynwood → Little Havana → Bananas Lincoln Park → The Loop → Back Bay → East Village → Upper East Side → McCarren Park Washington Square Park aly → Broadway →Dumbo → West 4th → Capitol Hill → Tacos Bagels Burritos Meath Wings Bacon Egg ai U District → Lodo→ Georgetown → Dupont Circle → Chinatown → West Philly → Wyn Little Havana → Bar erries Milk Lincoln Park → The Loop → Back Bay → East Village → Upper East Side → McCo Park → Washington S Little Italy → Broadway → Dumbo → West 4th → Capitol Hill → Tacos Bagels Burrit alls Wings - Pad Thai U District →Lodo→Georgetown → Dupont Circle → Chinatown → West P pod → Little Ha Blueberries ← Milk Lincoln Park → The Loop Back Bay → East Village → Upper Eas arren Park → W ←Meatballs →Wynwo McCarre Burritos as e Parkpho→ Little Haly → Broadway →Dumbo → West 4th → Capitol Hill →Tacos ← Ba on E a Bara Uber Pass strict Lodo→Georgetown → Dupont Circle → China MIRLincoln Park → The Loop → Back Bay → East Village ngton Square Park → Soho→Little Italy → Broadway →Dumbo → West 4th → Capitol Hill no se Your - Your weekly essentials. Wall Street Home Broadway La Défense Chatham Square Times Square The office Piccadilly Market Street Madison Square Battersea JFK Houston Street + ARD Manicure Noodle soup Chicken wings 3 775 T IRECT PC IT 77 PEN 21 GITT caras Chocolate cake Family pizza CVS pharmacy Caesar salad BBQ ribs Cheeseburgers IKEA assembly Red wine Hot and sour soup EUROWA L#14Unlocking a massive market Mobility TAM $5T+ All passenger vehicle & public transport trips in 175 countries Delivery TAM Freight TAM $5T+ $3.8T Global spend on Retail restaurants, Home Delivery, Takeaway, Drive Thru, Eat-in Grocery spend in markets serviced Please see Uber's S-1 for more details on Mobility, Food Delivery and Freight TAM definitions, as well as details on Serviceable Addressable Market (SAM). Grocery TAM of $2.7T is defined as 2020 total consumer spend on grocery in markets serviced. Global trucking logistics costs#15Uber Mobility #1 in every major region in which we operate Region US & CA LatAM Europe ANZ MEA India Region Russia / CIS Southeast Asia China Category position¹ > 65% > 65% > 65% > 65% > 65% ~50% Ownership stake³ ~35% of Yandex Taxi ~16% of Grab ~15% of Didi Owned operations² Minority owned affiliates 1. Percentages are based on our internal estimates of Gross Bookings using available information as of Jan 31, 2021 2. Includes countries acquired as part of Careem acquisition 3. Ownership stakes as of December 31, 2020 before adjusting for employee options, if any. In Q1'21, Uber sold $207 million of Didi shares and also entered into a definitive agreement to sell an additional $293 million of Didi shares. If completed, the shares sold in Q1'21 will represent approximately 8% of our Didi shares as of December 31, 2020#16Uber Delivery Largest global food delivery operations (ex-China)¹ Uber has the category leader position in countries delivering a majority of international Gross Bookings including Australia, Japan, France, Portugal, Mexico and many others - international markets represent 60% of Uber's Delivery Gross Bookings Post footprint rationalization in 2020, Uber is now in a clear #1 or #2 position nearly in the entirety of our footprint Region Russia / CIS Southeast Asia China India Ownership stake ~35% of Yandex Taxi ~16% of Grab ~15% of Didi ~10% of Zomato 1. Based on majority owned operations' Gross Bookings 2. Includes countries acquired as part of Careem acquisition where regulatory approval has been obtained Large, global scale with local leadership Owned operations² Minority owned affiliates#17Delivery provided a natural hedge to Mobility in 2020 Gross Bookings $19B 50% CAGR $34B '16 '17 $50B '18 $65B -11% YoY $58B '19 ¹20 Gross Bookings, Trips are FY 2020. MAPCs, Drivers, Merchants are as of Q4 2020 1. Gross Booking YoY growth rates shown in constant currency 2. Monthly Active Platform Consumers 3. YoY growth excluding exited markets $58B 93M Gross Bookings Delivery +109% YoY¹ 5B Trips MAPCs² Delivery +66% YoY³ 3.5M Drivers 675K Merchants#18Leveraging our unique assets to launch, scale, and optimize our businesses Leading technology Differentiated, proprietary demand prediction, dispatching, matching, payments, pricing, routing, and safety technologies are utilized across all segments Brand recognition Named a top 100 brand; leverage brand and reach to launch and scale new businesses Product expertise Set the standard for powering on-demand movement, and provide users with a safe, intuitive, and continuously improving experience Operational excellence Regional on-the-ground operations enable better support for platform users, enhance relationships with cities and regulators, and accelerate new product launches Massive network Massive, efficient, and intelligent; our network becomes smarter with every trip, utilizing data to power movement at the touch of a button Scale efficiency Our global scale provides significant operational cost and efficiency advantages#19Common tech stack enables rapid scaling of new verticals Uber's tech stack drives lower costs, higher development velocity, and better cross promotion and retention of consumers and drivers Shared components experiment, maps services, safety etc. Trip fulfillment platform Shared driver/ courier app Common tech Uber Eats integration on Uber app Common U4B features for Mobility and Delivery#20Membership a key priority in 2021 Competitively differentiated and strong consumer proposition 5M+ Members as of 2020* Launched in 16 countries in 2020, rolling out to more geographies in 2021 Consumers gain access to benefits across Mobility and Delivery Uber benefits from increased consumer loyalty and spend *As of 12/31/2020 Go → Street Broadway Bowery-Chatham Sqwuare-Canal Stre Washingto Hanover Square Tompkins Square Park Verdi Squa-Disco Chicken Wings -Family Pizza -CVS Pharmacy pick up ed Donut -Hot and Sour Soup -Tonkot nood delivery Tonkotsu Ramen Wall Street- reet-Avenue of the Americas Duffy and eats orders -Big Mac with fries Plu Cheeseburger Baklava -Red wine w m Yum Soup Wall Street Broadway Bowery- hue of the Americas Duffy Street Hanover Square Big Mac with fries Plus free delivery Chicken Wings ( Go where you need to go Original Glazed D and get the things you need Tangen Houston St delivered to your doorstep your des an pick up - Caesar Salad -Cheese ginal Glazed Donut Hot and Sour Soup -Tonkot nood Tom Yum Soup W Stre Washington Square Park Houston Street-Avenue of the Americas Pizza - CVS Pha orders -Big Mac with fries up -Tonkotnood Churc men Wall Street-Broadway SPOVED ricas Duffy Street-Hand Warm Banana Pudding O ery Chatham Sqwuare Canal Stre Wash re-Tompkins Square Park Verdi Squa- Now there's one membership to get the most from rides, eats, and grocery delivery with Uber. ← en Wings y Street Plus free delivery ( eseburger -Baklava -Red wine Warm Banana Pudding pup Wall Street Broadway-Bowery-Chatham Square Canal Stre Wa ericas Duffy Street-Hanover Square Tompkins Square Park Verdi So CVS Pharmacy p Warm Banana P Try one month free → d Sour Soup -Toni Washington Square Park Housta Avenue of the Americas D di Square-Discount on all your rides and eats orders Big Mac with fries armacy pick up -Caesar Salad ger Baklava -Red wine W Uber Pass $24.99/mo Go more, get more, do more--for less with one membership. III Savings on every ride Uber Pass has you covered-you save 10% off on every Uber X ride and Comfort and 15% off on premium rides. Free delivery on Uber Eats Enjoy a $0 delivery fee and 5% off Uber Eats orders in your city. $15 minimum order (not including taxes and fees) applies. Other fees apply. Free grocery deliveries Enjoy $0 delivery fee on grocery orders over {$} (not including taxes and fees. Available in select cities. Priority support Enjoy faster response times from experienced support agents. Only $9.99/mo Join Eats Pass for unlimited free delivery 0000 Save big at restaurants. Get a $0 delivery fee plus 5% off orders over $15, even when it's busy. Plus, enjoy a $0 delivery fee on grocery orders over $30. Cancel your membership at any time-no penalties, no fees. Learn more Taxes and fees do not apply to order minimums. Other fees apply. View terms and conditions#21Redesigned Uber app improves cross platform usage Redesigned app rolled out globally to iOS in Q3 and Android in Q4 2020 Uber app drove over 10% of Uber Eats first time trips in Q4 2020, and well over $1 billion of run-rate Delivery Gross Bookings ||| In this together Restaurants are opening and delivering with Uber Eats Order now Ride Go again Order Food Home 199 Richmond St W $77.20 Grocery Schedule#22Uber continues to lead Mobility & Delivery app downloads globally 10 Most Downloaded Travel Apps in 2020 Worldwide #1 #2 #3 #4 #5 Uber Booking @ Uber 95M Google Maps 88M Google Earth 61M Booking.com 50M Airbnb 42M #6 Grab App downloads are excluding China Source: Apptopia #7 #8 #9 # 10 Make better decisions with mobile intelligence from apptopia.com lyft H Grab 32M AutoNavi Maps 31M inDriver 27M Lyft 24M Hello Travel 23M 2 apptopia Top 10 Food Delivery Companies by App Downloads in 2020 Worldwide #1 #2 #3 #4 #5 Uber Uber Eats 92M JUST EAT ifood Delivery Hero 53M Just Eat Takeaway 52.5M DoorDash 45M iFood 22M #6 #7 #8 #9 #10 Make better decisions with mobile intelligence from apptopia.com zomato ? Zomato 20M Deliveroo 17M Rappi 16M Glovo 15M Swiggy 14M apptopia#23U4B Delivery expansion deepened corporate engagements U4B Gross Bookings Mix (Dec '19 and '20) 100% 2019 Mobility Delivery 35% 65% 2020 Eats on U4B grew 30X in 2020 (indexed to Feb '20 pre-COVID levels) 5x 20x 30x Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Uber for Business (U4B) Gross Bookings only declined 25% YOY despite a 51% YoY decline in U4B Mobility business in Dec'20, as Eats on U4B expanded 30X through 2020. Eats on U4B now represents 35% of U4B Gross Bookings and we expect to continue to invest aggressively in this large and growing opportunity. When business travel recovers, we expect U4B to drive strong growth for Uber.#2403 Mobility Undisputed global leader 146% Of 2020 Gross Bookings#25Rigorous cost management drove improving profitability Mobility Gross Bookings ($B), %'s YOY* 15 10 LO 5 0 29% 25% 22% 20% *YOY Growth %'s are in constant currency (3)% (73)% (50)% (47)% Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Mobility Adjusted EBITDA ($M) 800 600 400 200 0 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Mobility Adj. EBITDA EBITDA Margin (% of GBs) 6% 4% 2% Mobility delivered positive EBITDA through 2020 with healthy incremental margins from the bottom in Q2 despite significant topline headwinds As Mobility continues to recover, we expect Mobility to be the profit engine for Uber in 2021#26COVID impacts moderating in recent lockdowns Recovery in NYC was impacted by a new wave of cases, but impacts well below Q2 120% 90% 60% 30% 2/29: First reported COVID-19 case in NYC 3/7: Gov. Cuomo declares a "State of Emergency" in NY State 3/17: Uber's "Pool" service is suspended. Lyft and Via follow suit shortly after. New COVID Cases - 6/8: NYC Phase 1 begins NYC Trips, YoY 7/6: NYC Phase 3 begins 6/22: NYC Phase 2 begins. Outdoor dining permitted. 9/23: 7-day positivity reaches 1.0% and continues to grow throughout Q4 9/21: In-person learning resumes 11/19: Public schools close (reopen 12/7 through end of Q4) 9/30: Indoor Dining Resumes 1/13 1/27 2/10 2/24 3/9 3/23 4/6 4/20 5/4 5/18 6/1 6/15 6/29 7/13 7/27 8/10 8/24 9/7 9/21 10/5 10/19 11/2 11/16 11/30 12/14 12/11: Indoor dining banned#27Markets beginning to return to growth January 2021 Gross Bookings YoY¹ (Indexed) 116% Taiwan 1. YOY growth %'s are in constant currency 89% Brazil 89% New Zealand 83% Hong Kong 82% Australia Mobility recovers as movement restrictions ease. Two of the largest Mobility markets - Brazil and Australia were down only 10-20% YoY in January. In these markets, most use-cases other than Airport trips are more than 80% recovered.#28Social and workday+commute usage recovering fast in reopening markets January 2021 Gross Bookings YoY (indexed) by use case¹ (Average across Brazil, Australia, New Zealand, Taiwan and Hong Kong) 104% Social 1. YOY growth %'s are in constant currency 94% Workday + Commute 27% Airport Social usage and Workday+ Commute usage has recovered over 90% and over 80% respectively in all markets. Airport usage remains depressed with a wide range - Taiwan and Hong Kong are less than 10% recovered, while Brazil and New Zealand are 50% recovered.#29Expanding the category in 2021 and beyond Hailables (Taxi/Auto/Moto) Focus markets: Emerging markets Hailable (Taxi/Auto/Moto) products continued their strong progress into Q4 with 50% QOQ growth. Taxi, in particular, was one of our few Mobility products that grew YoY, recording over 20% growth. New products & segments Focus markets: Established developed markets Uber Reserve, Green, Hourly and Rentals Address new us cases and consumer preferences. Uber Reserve in particular, opens up the livery opportunity and unlocks sparse, non-urban areas. Uber for Business & Transit Focus markets: All U4B to address evolving business travel and broader corporate use cases, while leveraging deeper platform engagements with Eats. Continuing to expand multi-modal "Transit and Uber" product. Deepening engagements with Transit agencies around the world through Routematch assets. Expansion markets Focus markets: Greenfield opportunity Germany, Spain, Italy, South Korea, Japan, Argentina We will continue to invest in these untapped opportunities in several top 10 GDP countries, with over $30B of annual taxi receipts.#3004 Delivery Global scale and local leadership 152% Of 2020 Gross Bookings#31Delivery is following the Mobility playbook Run-rate Gross Bookings^ ($B) Run-rate Gross Bookings* ($B) 50 40 30 20 10 0 M1 M10 M20 Mobility GBs Delivery $10B Nov'18 Delivery $30B May 20 M30 M40 Delivery $40B Nov 20 Delivery GBs Mobility $30B Sep'15 Mobility $10B Sep'15 M50 M60 M70 Leveraged existing infrastructure brand, operations, and technology to expand rapidly 50 40 30 20 10 0 1Q16 1Q17 Uber Delivery Delivery Hero 1Q18 *Annualized Gross Bookings run-rate based on monthly gross bookings ^Annualized Gross Bookings run-rate based on quarterly Gross Bookings; 2020 Gross Bookings annualized from reported Gross Bookings/Gross Food Sales/Gross Merchandise Value/Gross Order Value. Grubhub DoorDash 1Q19 Q120 Just Eat Takeaway And built the largest food delivery company in the world, excluding China#32Delivery tapped into growth opportunities while improving margins in 2020 Delivery Gross Bookings ($B), %'s YOY¹ 12 8 4 0 117% 98% 77% 73% 54% 1. YOY%'s shown on a constant currency basis 113% 135% 128% Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Delivery Adjusted EBITDA ($B), %'s YOY¹ 0 (100) (200) (300) (400) (500) Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Delivery Adj. EBITDA EBITDA Margin (% of GBs) 0.0% -2.5% -5.0% -7.5% -10.0% -12.5% In 2020, Delivery saw strong structural tailwinds and Uber executed to capture outsized growth. At the same time, we continued towards segment EBITDA breakeven, with nearly half of our Delivery markets EBITDA profitable in Q4'20. We remain committed to achieving Delivery EBITDA breakeven in 2021.#33Significant progress made in 2020 Delivery MAPCS* 55% YoY Q1'20 73% YoY Q2'20 *Delivery MAPCs and YoY figures exclude exited markets 80% YoY Q3'20 66% YoY Q4'20 Delivery Active Merchants 450K Q1'20 Q2'20 Q3'20 675K Q4'20#34Profitable markets demonstrate long-term potential Delivery Gross Bookings and Adjusted EBITDA margins Q4'20 profitable markets cohort vs. investment markets cohort Gross Bookings $2.5B ~+100% YoY Profitable markets Investment markets Q4'19 $7.5B ~+150% YoY Q4'20 Adjusted EBITDA margin (% of GB) -5% 4% Profitable markets Q4'19 -11% Investment markets Q4'20 -3% Note: Profitable markets include the 15 markets that were Delivery EBITDA profitable in Q4'20, and investment markets represent the rest of Delivery's existing footprint. Gross Bookings and Adjusted EBITDA exclude exited markets. Delivery made significant progress towards EBITDA breakeven in 2020. Market level trends demonstrate a strong investment case, with the 15 profitable markets in Q4'20 generating over $100 million in Delivery EBITDA (4%+ of GB), while growing 100% YoY. Investment markets improved EBITDA margins by a similar magnitude YoY, while delivering 150% YoY growth.#35Growth bets ramping in 2021 23:47 ← Stores Q Search Stores 145 Richmond St W, Toronto, ON M5H 2L2,... Robert's List Organic Less than 2 hours Rexall In 90 minutes New stores H&M Tomorrow, 12pm THE BODY SHOP Tomorrow, 11am Grocery and New Verticals exited 2020 at over $1.5B in run-rate Gross Bookings Delivered with Uber Postmates Uber Direct, Connect and Postmates DaaS addressing additional delivery opportunities 9:41 mexican 56 Pickup Dine-in Price Results for "mexican" Taco Land Sponsored 0 $$ Mexican Wraps 20-30 Min 4.8 (108) Taco World $$ Mexican Wraps 20-30 Min Home 19+(109) Search $2.50 Fee 250 500 A Orders all Dieta Sponsored Account Ads rolled out to six countries in 2020 and was adopted by nearly 44k active restaurants#36Grocery and New Verticals Over $1.5B annualized run- rate Gross Bookings in Q4 2020 and we expect further expansion in 2021. MORTO WILLIAMS THE FRESH MARKETPLACE Wawa @ Sainsbury's UPER Muffato H&M galp cencosud DECATHLON (McColl's) Francfranc THE BODY SHOP Ⓡ D'AG NYC SEIYU COSTCO WHOLESALE FRESCO Más Walmart ca Rexall™ Longo's Gristedes LAWSON brodo GRUPO BIG metro ELEVEN 2 RD Raia Drogasil S.A.#37Uber Direct Uber Direct powers on-demand local delivery of anything. Frictionless and flawless. Uber Direct, Connect and Postmates DaaS* expand the opportunity beyond Uber's marketplace apps - improving utilization of our courier network, and increasing selection and choice for consumers. * Delivery as a Service SHAKE SHACK 300 Nimble PICKUP Pague Menos FAST SHOP Walmart H MAC sweetgreen ELEVEN#3805 Freight Disrupting freight brokerage 12% Of 2020 Gross Bookings#39Technology is accelerating industry transformation Outsourcing logistics to 3PL¹ 3PL growing at double digits & rapidly taking share from private fleets 3PL Penetration of Total Freight Market² 12% 8% 4% 0% 2000 13% CAGR (2000-2018) 2003 2006 2009 2012 2015 1. 3rd-party logistics 2. Armstrong & Associates, Uber Analysis 3. Uber Freight Industry Survey of 71 shippers (Aug 2019) 2018 Tech accelerating consolidation Shippers streamlining vendors ³ Market Share of Top Providers 25% 2007 Remaining providers 4. Transport Topics, Armstrong & Associates, Uber Freight analysis 5. Logistics Management article by Evan Armstrong; early "adapters" are brokers that evolve to changing market conditions before the majority of other players 35% 2020E Top 10 providers Freight is benefiting from market tailwinds and leading the tech transformation. "Shippers now expect a best-in-class digital experience [...] Early 'adapters' who build liquidity will reap rewards in the form of valuable freight platforms” 5 ARMSTRONG & ASSOCIATES, INC.#40Freight's technology unlocked a powerful Lower carrier costs Better carrier utilization 1. Electronic Logging Device 2. Transportation Management System 3. Based on second half 2020 versus first half 2020 Lower shipper price Lower ops costs has flywheel More reliable service More loads Automated network More carriers Marketplace 50%+ of loads now offered in bundles, maximizing carrier utilization and reducing empty miles. Bundling has also already reduced deadhead miles by 23%, helping to alleviate CO2 emissions. Efficiency Reached 78% of loads auto-tracked with the help of partnerships with ELD providers¹. Service Integrated with top 5 largest TMS2 players to provide shippers real-time pricing and capacity, serving shippers' evolving procurement needs. Triple digit growth of loads moved through our Shipper API channel ³.#41Adoption & continued investment showcase the value of Uber Freight's platform Working with 8.2K shippers, including 300 Enterprise¹ shippers LG MORTON SALT LAND LAKES → COLGATE-PALMOLIVE LAGUNITAS BREWING COMPANY Nestle SECOND HARVEST FOOD RESCUE KRONOS ABInBev Ocean Spray Heineken niagara 1. Enterprise segment defined as customers with at least $1B in revenue 2. YoY growth rate based off fiscal year 2020 versus fiscal year 2019 Recognized for service excellence & innovation in 2020 FREIGHTWAVES FOURKITES SAP Food MORTON SALT Logistics American Logistics Aid Network Mobilizing for Emergency Response $1.3B 2020 exit run-rate. 37% YoY growth² 71K Carriers that have joined our digital fleet on the #1 most downloaded freight brokerage app $500M Series A investment by Greenbriar Equity Group expected to further scale our offerings and provide runway for continued product innovation#4206 Financial model & equity investments#43Adjusted EBITDA breakeven in 2021 on track Adjusted EBITDA, % Revenue Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 (31%) (23%) (16%) (16%) Consistent QoQ margin improvement on Mobility impact COVID-19 (19%) (44%) Announced $1B+ in cost cuts (22%) (14%) Achieve quarterly profitability 2021 25% Long-term target Proactive cost management and divestitures; Ongoing Mobility improvements recovery and Delivery margin Long-term target model Adjusted EBITDA margin (% Revenue) Revenue take rate (% GB) Mobility 25% 15% Delivery Uber 45% 30% 25% Mobility achieved 30% EBITDA margin pre-COVID, and we expect actions taken in 2020 to drive structural margin improvements in 2021 and beyond. Delivery made significant EBITDA margin improvements in 2020, even as Uber invested to address growth opportunities. In Q4 2020, 15 of 32 Delivery markets were profitable. We remain committed to achieving Delivery segment EBITDA breakeven in 2021.#44Healthy liquidity position, with equity stakes providing further optionality Liquidity Position $6.8B $1.2B $5.6B ST Investments Unrestricted Cash Equity Stakes $9.8B $0.4B $1.0B $2.3B $6.8B *Amounts as of Q4 2020 and does not reflect sale of $207 million of Didi shares completed in Q1'21, and agreement to sell an additional $293 million of Didi shares that has not yet been completed. If completed, the aggregate Didi shares sold in Q1'21 will represent approximately 8% of our Didi shares as of December 31, 2020. Other Yandex Grab DiDi#45Investments in leading Mobility and Delivery assets Provides app-based transportation services, including taxi hailing, private car hailing, social ride-sharing and bike sharing; on-demand delivery services; and automobile services, including sales, leasing, financing, maintenance, fleet operation, electric vehicle charging and co-development of vehicles with automakers. Largest operator in China and operates globally. DiDi Grab Yandex Taxi zomato Lime Provides on-demand ride-hailing services for taxis, private cars, and motorbikes; food delivery; and financial services via a mobile app. Currently the largest combined ridesharing and food delivery platform in South East Asia. Provides on-demand ride-hailing services as well as food delivery services in Russia and CIS countries with some presence in EU & Africa. Yandex has invested heavily in Grocery (Lavka) and car-sharing (Drive). Provides a mobile-based restaurant discovery platform enabling users to rate and review restaurants and create personal networks for recommendations; offers online ordering, food delivery, table reservations and premium restaurant subscription services; and began grocery delivery amid the COVID-19 outbreak. Leading food delivery operator in India and operates globally. Provides a micro-mobility sharing platform offering dock-free electric scooters, electric bikes, electric mopeds, and normal pedal bikes. Users find and unlock dockless vehicles via a mobile app which knows the location of available vehicles via GPS. Lime is the largest player in the shared micro-mobility space globally. * Ownership stakes as of December 31, 2020 before adjusting for employee options, if any, and based on amount of shares invested. ~15% ~16% ~35% <10% ~23% stake stake stake stake stake#46Investments in advanced technologies Developer of autonomous vehicle technology designed to create self-passenger vehicles, light commercial vehicles, and heavy-duty trucks across a range of applications. The company's uses advanced machine learning software and multiple sensor hardware to deliver the benefits of self-driving technology safely, quickly, and broadly. Aurora JOBY AVIATION Developer of fully electric vertical take-off and landing (eVTOL) passenger aircraft optimized to deliver air-transportation-as-a- service. The company leverages composite airframe design and fabrication, aerodynamic analysis, electric motor development, and battery pack design to develop aircraft with zero-emissions. 1. Ownership stake as of closing of ATG transaction in January 2021 * Minority stake not disclosed externally ~26% stake¹#4707 Board & Sustainability#48Diverse and Experienced Board Ronald Sugar (Chair) Former Chairman & CEO, Northrop Grumman Age: 72 Board Tenure: Since Jul' 18 Committees: Nominating & Governance (Chair); Compensation Dara Khosrowshahi CEO, Uber Technologies Age: 51 Board Tenure: Since Sep' 17 Committees: None Revathi Advaithi CEO, Flex Ltd. Age: 53 Board Tenure: Since Jul' 20 Committees: Audit Wan Ling Martello Co-Founder & Partner, BayPine; Former EVP, Nestle Age: 62 Board Tenure: Since Jun' 17 Committees: Nominating & Governance; Compensation Ursula Burns Former Chairman and CEO, VEON Age: 62 Board Tenure: Since Oct' 17 Committees: Nominating & Governance; Audit H.E. Yasir Al-Rumayyan Governor, Saudi Arabia's Public Investment Fund Age: 50 Board Tenure: Since Jun' 16 Committees: Audit Robert Eckert Partner, FFL Partners; Former CEO, Mattel Age: 66 Board Tenure: Since Mar' 20 Committees: Nominating & Governance; Compensation John Thain Former Chairman and CEO, CIT Group Age: 65 Board Tenure: Since Oct' 17 Committees: Audit (Chair) Amanda Ginsberg Former CEO, Match Group Age: 51 Board Tenure: Since Feb' 20 Committees: Audit David Trujillo Partner, TPG Capital Age: 45 Board Tenure: Since Jun' 17 Committees: Nominating & Governance; Compensation (Chair)#49Diverse and Experienced Board Board Tenure 0-1 Yrs 1-4 Yrs 4+ Yrs 1 3 6 Board Profile 90% Independent Skills & Experience 40% Gender Diverse Global Company Leadership Financial Expertise Consumer and Digital Experience Innovation, Tech, and High-Growth Experience Govt., Policy, and Regulatory Experience 30% Ethnically Diverse 5 6 7 9 10#50Uber is committed to sustainability as we reimagine the way the world moves for the better and work to make real life easier to navigate for everyone. Local Impact Platform safety User privacy Driver/ delivery person well-being Ethics & compliance Cybersecurity Diversity, equity, inclusion & culture COVID-19 response Climate change#51Selected 2021 ESG commitments & priorities Support communities in driving recovery from COVID-19 Advance our efforts to be a fully zero-emission platform by 2040 Preserve flexibility and improve the quality and experience of independent work Innovate and invest in safety technology as we pursue industry leadership in safety Follow through on our commitment to become an anti-racist company internally and for the advancement of our stakeholders Be a trusted steward of our users' and employees' personal data Learn more about our approach to these issues in Uber's 2020 ESG Report and on our website.#52Non-GAAP reconciliations#53Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Mobility Delivery Freight All Other ATG and Other Technology Programs Corporate G&A and Platform R&D Adjusted EBITDA Add (deduct): Legal, tax, and regulatory reserve changes and settlements Goodwill and asset impairments/loss on sale of assets Restructuring and related charges (credits), net Gain (loss) on lease arrangement Acquisition, financing and divestitures related expenses Accelerated lease costs related to cease-use of ROU assets COVID-19 response initiatives Depreciation and amortization Stock-based compensation expense Other income (expense), net Interest expense Loss from equity method investments Provision for (benefit from) income taxes Net income (loss) attributable to non-controlling interest, net of tax Net income (loss) attributable to Uber Technologies, Inc. Uber Q4 2020 Earnings Dec 31 '19 $742 (461) (55) (67) (130) (644) ($615) (12) (101) (243) 15 (101) (9) (25) (5) ($1,096) Mar 31 '20 $581 (313) (64) (63) (108) (645) ($612) (19) (193) (10) (24) (128) (277) (1,795) (118) (12) 242 10 ($2,936) Three Months Ended Jun 30'20 $50 (232) (49) (23) (91) (492) ($837) (38) (16) (382) (7) (19) (48) (129) (131) (44) (110) (7) (4) (3) ($1,775) Sep 30'20 $245 (183) (73) (104) (510) ($625) (76) 6 12 (14) (80) (18) (138) (183) 151 (112) (8) (23) 19 ($1,089) Note: In the second quarter of 2020, Other Bets, which previously consisted of the Company's JUMP business whose divestiture was announced in May, is no longer a reportable segment. Historical results of the former Other Bets segment are included within All Other. Dec 31 '20 $293 (145) (41) (72) (489) ($454) 92 (32) 14 (43) (22) (16) (180) (236) 63 (118) (7) (23) (6) ($968)#54GAAP to Non-GAAP Reconciliations (Unaudited) $ in Millions GAAP Cost of Revenue Goodwill and asset impairment/loss on sale of assets COVID-19 response initiatives Acquisition, financing and divestitures related expenses Non-GAAP Cost of Revenue Non-GAAP Operating Expenses GAAP Operations and support Restructuring and related charges Goodwill and asset impairment/loss on sale of assets COVID-19 response initiatives Acquisition, financing and divestitures related expenses Stock-based compensation Non-GAAP Operations and support Uber Q4 2020 Earnings Dec 31 '19 1,605 $1,605 $506 (2) (23) $481 Mar 31 '20 1,491 (5) $1,486 $503 (5) (25) $473 Three Months Ended Jun 30'20 924 (10) (22) (4) $888 $582 (187) (6) (7) (10) (11) $361 Sept 30 '20 1,298 (16) (1) $1,281 $365 6 (2) (2) (16) $351 Dec 31 '20 1,441 (13) $1,428 $369 10 (1) (20) $358#55Continued: GAAP to Non-GAAP Reconciliations (Unaudited) GAAP Sales and marketing Restructuring and related charges Acquisition, financing and divestitures related expenses COVID-19 response initiatives Stock-based compensation Non-GAAP Sales and marketing GAAP Research and development Restructuring and related charges Acquisition, financing and divestitures related expenses Stock-based compensation Non-GAAP Research and development GAAP General and administrative Legal, tax, and regulatory reserve changes and settlements Goodwill and asset impairment/loss on sale of assets Restructuring and related charges Acquisition, financing, and divestitures related expenses Accelerated lease costs related to cease-use of ROU asssets Loss on lease terminations Stock-based compensation Non-GAAP General and administrative Uber Q4 2020 Earnings Dec 31 '19 $1,251 (4) (13) $1,234 $608 (4) (136) $468 $647 (2) (71) $574 Mar 31 '20 $885 (14) $871 $645 (167) $478 $859 (19) (193) (71) $576 Three Months Ended Jun 30 '20 $736 (22) (13) (10) $691 $584 (86) (5) (72) $421 $565 (5) (87) (7) (38) $428 Sept 30 '20 $924 (11) $913 $493 (102) $391 $711 (74) (11) (80) 12 (54) $504 Dec 31'20 $1,038 1 (1) (13) $1,025 $483 2 (7) (136) $342 $531 117 (32) 1 (34) (22) (67) $494#56Net Income (loss) and Adjusted EBITDA as a % of Revenue $ in Millions Revenue Net income (loss) attributable to Uber Technologies, Inc. Net income (loss) as a percentage of Revenue Mobility Revenue Mobility Adjusted EBITDA Mobility Adjusted EBITDA as a % of Revenue Delivery Revenue Delivery Adjusted EBITDA Delivery Adjusted EBITDA as a % of Revenue Uber Q4 2020 Earnings Dec 31 '19 3,747 (1,096) (29.3%) 3,050 742 24.3% 418 (461) (110.3%) Mar 31 '20 3,248 (2,936) (90.4%) 2,467 581 23.6% 527 (313) (59.4%) Three Months Ended Jun 30 '20 1,913 (1,775) (92.8%) 788 50 6.3% 885 (232) (26.2%) Sep 30 '20 2,813 (1,089) (38.7%) 1,364 245 18.0% 1,136 (183) (16.1%) Dec 31'20 3,165 (968) (29.3%) 1,471 293 19.9% 1,356 (145) (10.7%)