#1Q3 2021 RESULTS wework#2Disclaimer Forward-Looking Statements Certain statements made in this presentation may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements generally are identified by the words "believe," "project." "expect," "anticipate," "estimate," "intend," "strategy." "future," "opportunity," "plan," "pipeline," "may," "should." "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although WeWork believes the expectations reflected in any forward- looking statement are based on reasonable assumptions, it can give no assurance that its expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and other factors. Such factors include, but are not limited to, WeWork's ability to refinance, extend, restructure or repay near and intermediate term debt; its indebtedness; its ability to raise capital through equity issuances, asset sales or the incurrence of new debt; retail and credit market conditions; impairments; its liquidity demand; changes in general economic conditions, including as a result of the COVID-19 pandemic; delays in customers and prospective customers returning to the office and taking occupancy as a result of the COVID-19 pandemic and the emergence of the Delta variant leading to a parallel delay in receiving the corresponding revenue; and WeWork's inability to implement its business plan or meet or exceed its financial projections. Forward-looking statements speak only as of the date they are made. WeWork discusses these and other risks and uncertainties in its annual and quarterly periodic reports and other documents filed with the U.S. Securities and Exchange Commission. WeWork may update that discussion in its periodic reports or as otherwise required by law, but otherwise takes no duty or obligation to update or revise these forward-looking statements, whether as a result of new information, future developments, or otherwise. Use of Data This presentation contains information concerning WeWork's solutions and WeWork's industry, including market size and growth rates of the markets in which WeWork participates, that are based on industry surveys and publications or other publicly available information, other third-party survey data and research reports commissioned by WeWork and its internal sources. This information involves many assumptions and limitations, there can be no guarantee as to the accuracy or reliability of such assumptions and you are cautioned not to give undue weight to this information. Further, no representation is made as to the reasonableness of the assumptions made by third parties within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. WeWork has not independently verified this third-party information. Similarly, other third- party survey data and research reports commissioned by WeWork, while believed by WeWork to be reliable, are based on limited sample sizes and have not been independently verified by WeWork. In addition, projections, assumptions, estimates, goals, targets, plans and trends of the future performance of the industry in which WeWork operates, and its future performance, are necessarily subject to uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by WeWork. WeWork assumes no obligation to update the information in this presentation. Use of Non-GAAP Financial Metrics This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles in the United States ("GAAP"), including Adjusted EBITDA and Free Cash Flow (including on a forward-looking basis). These financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to net loss or other measures of profitability, liquidity or performance under GAAP. You should be aware that our presentation of these measures may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. WeWork believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about WeWork. WeWork's management uses forward-looking non- GAAP measures to evaluate WeWork's projected financials and operating performance. Reconciliations of historical non-GAAP measures to their most directly comparable GAAP counterparts are included in the Appendix to this presentation. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. India, China and Israel This presentation includes operating metrics (including number of locations, desks, and memberships) relating to WeWork's investments and operations in China and India, which are not consolidated. Therefore, the results of WeWork's operations in China and India are not reflected in the WeWork financial statements and projections set forth in this presentation on a line-by-line basis, as such operations are not conducted through consolidated subsidiaries or controlling interests of WeWork. In June 2021, we closed a franchise agreement and transferred the building operations and obligations of our Israel locations to the franchisee. Israel results of operations have been included through May 2021, and excluded from subsequent projections. Unless otherwise explicitly specified in this presentation, India and China and Israel related metrics are excluded from all calculations. Trademarks This presentation contains trademarks, service marks, trade names and copyrights of WeWork and other companies, which are the property of their respective owners. 11 wework Ⓒ2021 WeWork. Confidential.#3Our core values guide everything we do Our Core Values STR. RIGHT DO THE wirk V TO BE GIVE BETTER Her va ENTRE THING work R. TOGE GRATITUDE 1 P BE KIND Do the right thing. Strive to be better, together. Be entrepreneurial. Give gratitude. Be human, be kind. Our Core Constituents Members 888 Employees 맨 Shareholders Landlords Service Providers#4Global footprint WeWork's flexible workspace solution is disrupting the traditional real estate model on a global scale S Global 764 932k LOCATIONS DESKS Consolidated 631 LOCATIONS 766k DESKS 546k PHYSICAL MEMBERSHIPS 432k PHYSICAL MEMBERSHIPS 32k ALL ACCESS 32k ALL ACCESS USC LatAm Wholly-owned Israel EMEA Consolidated JVs India China Pacific Note: Metrics presented as of September 2021. Effective upon close of the Latin America joint venture transaction, which occurred in September 2021, LatAm is considered a consolidated JV. LatAm JV includes Mexico, Brazil, Colombia, Argentina, and Chile; Peru and Costa Rica remain wholly-owned. Israel was deconsolidated beginning June 2021. Japan Unconsolidated Franchises 3 wework Ⓒ2021 WeWork. Confidential.#5WeWork's opportunity WeWork's scale and innovation is expected to continue leading the flexible workspace market Space-as-a-Service Access 1. ● ● WeWork branded, managed, and operated space provided through existing WeWork leased space, joint ventures, franchises, management agreements Also includes third-party or partner space managed / operated by WeWork + WeWork Workplace technology Provides flexibility of space, time, and portability of cost, as companies demand turnkey solutions Membership base and occupancy projected to normalize to historical levels By year-end 2022, we anticipate growing our footprint by ~60k desks from ~766k desks as of Q3 2021 WIX ORGANON coinbase v NOVARTIS Citi miro ● ● On Demand and All Access monthly subscription enables users to choose when, where, and how they work: All Access: monthly subscription to WeWork spaces around the world On Demand: pay-as-you-go model for non-members 38,000 All Access memberships as of October 2021(1) High margin business leverages WeWork's physical footprint and increases monetization of existing space AMERICAN EXPRESS American Airlines AAdvantage Uber 38k All Access memberships includes 4k other legacy memberships. October figures are preliminary and subject to change. Brex WeWork Workplace ● ● Turnkey solution that enables companies and their employees to seamlessly embrace hybrid and flexible work models Leverages the experience management software that WeWork has built to manage and analyze its own space High margin, recurring SaaS product revenue Multiple partnerships in flight, with commercial expansion planned in 2022 HBC CUSHMAN & WAKEFIELD Ivanhoé Cambridge 4 wework Ⓒ2021 WeWork. Confidential.#6Flexible space is where Retail was at the turn of the century Like e-Commerce in the early 2000s, flexible space is expected to reach critical mass over the next decade U.S. Flexible Workspace Penetration as % of 3.5B office supply RSF (1)(2) Estimated flex space penetration rates have greatly accelerated due to COVID-19 1% 2000 1. 2. 3. 4% E-Commerce as % of retail sales in the U.S.(3) 6% 2010 Pre-COVID (Low) 11% 21% 2% (1) 2020 Pre-COVID (Mid) — Pre-COVID (High) CBRE "Let's Talk About Flex" (2019). Reflects growth of U.S. Rentable Square Footage from year-end 2019 to 2030E. JLL "The impact of COVID-19 on flexible space" (2020). Digital Commerce 360 and U.S. Commerce Dept. In-store sales factor out the sale of items not normally purchased online, such as fuel, automobiles and sales in bars and restaurants. 2021-2030 projections based FTI Consulting "2021 Online Retail Forecast Report." - 33% 30% (2) 22% (1) 2030 13% (1) 7% (1) Post-COVID 5 wework Ⓒ2021 WeWork. Confidential.#7Q3 sales performance Consolidated operations 155k gross desk sales 1. 2. 3. 49% enterprise as a % of physical memberships 9.3m square feet sold (1) 60% physical occupancy including sold memberships(2) 21 mo. average commitment length 32k All Access memberships (3) Note: See "Terms and Definitions" pages for definitions of gross desk sales, enterprise as % of physical memberships, physical occupancy including sold memberships, and All Access memberships. Assuming 60 square feet per desk sold. Includes an incremental 30k net memberships that have been sold and are under contract to move-in in a future period, or move out within the next two months. 32k All Access memberships includes 4k other legacy memberships. 6 | wework Ⓒ2021 WeWork. Confidential.#8October sales performance Consolidated operations 45k gross desk sales 1. 2. 3. 48% enterprise as a % of physical memberships 2.7m square feet sold (1) 61% physical occupancy including sold memberships (2) 21 mo. average commitment length Note: See "Terms and Definitions" pages for definitions of gross desk sales, enterprise as % of physical memberships, physical occupancy including sold memberships, and All Access memberships. October figures are preliminary and subject to change. Assuming 60 square feet per desk sold. Includes an incremental 18k net memberships that have been sold and are under contract to move-in in a future period, or move out within the next two months. 38k All Access memberships includes 4k other legacy memberships. 38k All Access memberships(3) 7 1 wework Ⓒ2021 WeWork. Confidential.#9Market overview Based on Q3'21 leasing activity (2) 123 Market Boston London New York Paris Miami San Francisco Los Angeles WeWork as a % of Market Stock (1) ~2% ~1% ~1% ~1% ~1% ~0.5% ~0.1% Q3 Market Leasing Activity (sq. ft.) (1) 1,440k 2,800k 5,300k 2,300k 780k 2,600k 4,900k Q2 WeWork Leasing Activity (sq. ft.)(2) 170k 730k 1,000k 250k 180k 170k 450k Please refer to "Market Share Methodology and Sources" for additional information on methodology and sources. WeWork leasing activity based on total new desks sold and renewed in each market multiplied by 60 rentable square feet per desk. WeWork's Q3 equivalent percent of traditional leasing activity divided by estimated percent of office stock. Q3 WeWork Leasing Activity (sq. ft.)(2) 330k 1,000k 1,000k 290k 100k 210k 360k Equivalent % of Q3 Traditional Leasing Activity(2) 23% 37% 20% 13% 12% 8% 7% WeWork Leasing as a Multiple of Market Stock(3) 13x 26x 13x 20x 20x 16x 64x 8 wework Ⓒ2021 WeWork. Confidential.#10Q3 2021 financial results Revenue 1. 2. 3. Adjusted EBITDA Operating Cash Flow Free Cash Flow Cash & Cash Equivalents Pro Forma Cash & Cash Equivalents Q2 2021 $593M ($449M) ($618M) ($649M) $1.6B (1) Q3 2021 $661M ($356M) ($380M) ($430M) $1.2B(2) $2.3B(3) Note: See "Terms and Definitions" pages for definitions of Adjusted EBITDA and Free Cash Flow, which are both Non-GAAP measures. Reconciliations of GAAP to Non-GAAP financial metrics can also be found at the end of this presentation. Represents cash & cash equivalents as of 6/30/2021. Includes $844 million of available cash on hand and $750 million currently available under WeWork's Senior Secured Notes facility. Represents cash & cash equivalents as of 9/30/2021. Includes $477 million of available cash on hand and $750 million available under the $1.1 billion in SoftBank Senior Secured Notes. Represents cash & cash equivalents as of 9/30/2021, pro forma for the closing of the business combination with BowX Acquisition Corp. Includes $477 million of available cash on hand as of 9/30/2021, $1,209 million of net cash from the de-SPAC transaction, $550 million available under WeWork's Senior Secured Notes facility, repayment of the $350 million secured commercial paper facility, and $450 million of unused LC capacity as of closing of the business combination with BowX. 9 wework Ⓒ2021 WeWork. Confidential.#11Ownership and capitalization overview Ownership at closing(1) WeWork Stockholders, 80.8% BowX Public Shares, 4.6% BowX Founder Shares, 1.3% C&W Backstop Shares, 2.1% 1. 2. 3. PIPE Shares, 11.2% SoftBank Group affiliates: 44.7% SoftBank Vision Fund affiliates: 11.3% Adam Neumann & affiliated entities: 10.9% All Other WeWork Stockholders: 13.9% Final transaction terms $1,283m total gross cash proceeds - $800m PIPE proceeds $333m SPAC trust proceeds - $150m Cushman & Wakefield backstop investment ● Share count at closing 716 million shares outstanding(2) • 793 million fully diluted shares outstanding(3) ● Note: Please refer to the "Beneficial Ownership of Securities" section and Exhibit 99.2 in the Super 8-K filed 10/27/21 for further detail. Ownership percentages based on 716M outstanding shares only; excludes the impact of outstanding stock options, restricted stock units and common stock warrants Includes 20m Class C common shares Includes 716 million total shares outstanding and 77 million stock options, restricted stock units and common stock warrants 10 | wework Ⓒ2021 WeWork. Confidential.#12Post de-SPAC liquidity update Summary pro forma capitalization table ($M) Cash as of 9/30/21 $477 Net transaction proceeds $1,209 ($350) $1,336 $669 $2,200 $33 $2,902 $1,566 $1,300 Repayment of secured CP facility Pro forma cash Senior notes Senior unsecured notes Subsidiary debt Pro forma funded debt Pro forma net funded debt Pro forma LC facility 1. 2. $477M Cash as of 9/30/21 $750M Available on $1.1B Sr. Secured Notes Facility (1) $1,227M Cash & Unfunded Cash Commitments as of 9/30/21 $259M SPAC Trust Proceeds Net of Transaction Fees and Expenses $800M PIPE Proceeds $150M Cushman & Wakefield Investment Proceeds ($750M) Reduction of $1.1B Sr. Secured Notes Facility $550M New $550M Sr. Secured Notes Facility ($350M) Repayment of $350M Secured CP Facility $1,886M $450M $2,336M 1 Pro Forma Cash and Commitments Unused LC Capacity (2) Reflects $750 million currently available under the $1.1 billion in SoftBank Senior Secured Notes. In the event that the Company elects to repay the $350 million currently outstanding under its LC Debt Facility, $1.1B would be available under the SoftBank Senior Secured Notes. $450 million letter of credit capacity available as of 09/30/21 pro forma for the business combination with BowX and repayment of the $350 million secured CP facility. Pro Forma Cash and Commitments. Incl. Unused LC Capacity 11 1 wework Ⓒ2021 WeWork. Confidential.#13Key performance indicators As of Q3'21, Consolidated includes all regions with WeWork locations outside of China, India and Israel China was included in Consolidated KPIs through Q3'20 Israel was included in Consolidated KPIs through Q1'21 Physical Desks Consolidated Unconsolidated Global Total Physical Memberships Consolidated Unconsolidated Global Total Physical Occupancy Rate Consolidated Unconsolidated Global Total All Access Memberships All Access Memberships Other Legacy Memberships All Access & Other Legacy Memberships Note: October figures are preliminary and subject to change. Q1'19 514k 34k 548k 416k 20k 437k 81% 59% 80% 29k 29k Q2'19 569k 36k 604k 472k 25k 496k 83% 69% 82% 31k w w 31k Q3'19 676k 43k 719k 539k 29k 568k 80% 67% 79% 42k 42k Q4'19 802k 53k 855k 584k 34k 619k 73% 65% 72% 43k 43k Q1'20 916k 57k 973k 611k 40k 650 k 67% 70% 67% 42k 42k Q2'20 936k 58k 994k 543k 34k 577k 58% 59% 58% 35k 35k China included in Consolidated through Q3'20 Q3'20 962k 57k 1,020 k 480k 27k 50 7k 50% 47% 50% 34k 34k Q4'20 865k 166k 1,030 k 387k 89k 476k 45% 54% 46% 7k 6k 13k Israel included in Consolidated through Q1'21 Q1'21 804k 160 k 963k 378k 97k 475k 47% 61% 49% 10 k 5k 15k Q2'21 770 k 168k 937k 386k 110 k 496k 50% 66% 53% 16k 4k 20k Q3'21 766k 165k 932k 432k 114k 546k 56% 69% 59% 28k 4k 32k Oct ¹21 758k 165k 923k 446K 116k 562k 59% 70% 61% 35k 4k 38k 12 | wework Ⓒ2021 WeWork. Confidential.#14Quarterly financial results $ in millions Membership & Services Revenue Other Revenue Total Revenue Location Operating Expenses Pre-Opening Expenses SG&A Adj. EBITDA Q 1'19 A 587 99 $686 (492) (101) (455) ($362) Q2'19A 670 86 $756 (572) (125) (523) ($465) Q3'19 A 743 126 $869 (638) (143) (665) ($577) Q4'19 A 834 86 $919 (721) (131) (606) ($538) Q 1'20 A 892 96 $988 (825) (79) (476) ($393) Q2'20 A 759 55 $814 (794) (74) (343) ($397) Q3'20 A 665 76 $741 (836) (60) (338) ($492) Q4'20 A 612 54 $666 (813) (46) (279) ($472) Note: Financials metrics are excluding ChinaCo and including Israel in all time periods. Includes ventures revenue and expense; as of Q3'21 this includes Powered by We and WeWork Capital Advisors. See "Terms and Definitions" pages for definition of Adjusted EBITDA, which is a Non-GAAP measure. See "GAAP to Non-GAAP reconciliations" page for reconciliation of Net Loss to Adjusted EBITDA. Q1'21A 579 19 $598 (809) (33) (201) ($446) Q2¹21A 565 28 $593 (780) (43) (219) ($449) Q3'21A 627 34 $661 (752) (40) (225) ($356) 13 | wework Ⓒ2021 WeWork. Confidential.#15Terms and definitions Overall Business Definitions: Space-as-a-Service: WeWork's existing flexible workspace business, including incremental growth for WeWork's flexible workspace business. Includes revenues associated with asset-light management or franchise agreements with landlords where WeWork operates the space in exchange for a fee. Included in Membership and Services revenue in our consolidated financial statements. ● Operating KPIs: ● Locations: represents the estimated number of open locations. A location is considered open when it begins to generate revenue. Total Workstations: represents the estimated number of workstations available at open locations (may also be referred to as 'Desks' or 'Physical Workstations'). Physical Memberships: are the number of WeWork physical memberships. Physical Occupancy: is the number of physical memberships divided by total workstations. Physical Occupancy Including Sold Memberships: physical memberships in addition to net memberships that have been sold and are contracted to move-in in a future period or move out within the next two months, divided by total workstations. ● ● ● ● Access: On Demand pay-as-you-go or All Access monthly membership providing an individual with access to over 700 WeWork locations. Included in Membership and Services revenue in our consolidated financial statements ● WeWork Workplace: turnkey third-party flexible workspace management solution leveraging WeWork's property and technology platform. SMB: organizations with less than 500 full-time equivalent employees Enterprise: organizations with greater than 500 full-time equivalent employees Physical Enterprise Membership: represents physical memberships attributable to enterprise members. Enterprise membership percentage represents the percentage of our memberships attributable to these organizations. All Access & Other Legacy Memberships: includes All Access monthly subscription memberships and Other Legacy Memberships. Other Legacy Memberships provide user login access to the WeWork member network online or via the mobile app as well as access to service offerings, among other benefits. New Desk Sales: new members that have signed a contract for now or at a future move-in date and existing members who have signed a contract resulting in additional desk sales now or at a future date. Gross Desk Sales: include new desk sales and renewals. Renewals include all members previously on commitment who continue their membership on a commitment. Renewals do not include month-to-month members. Average Commitment Length: represents base contract terms, excluding the impact of any extension and / or termination options. The commitment lengths disclosed may include periods for which members have an option to terminate their commitments with a less than 10% penalty. 14 | wework Ⓒ2021 WeWork. Confidential.#16Terms and definitions (cont'd) Financial Metrics: ● Location Operating Expenses: include the day-to-day costs of operating an open location and exclude pre-opening costs, depreciation and amortization and general sales and marketing, which are separately recorded. Our most significant location operating expense is lease cost. Lease cost is recognized on a straight-line basis over the life of the lease term in accordance with GAAP. Other location operating expenses typically include utilities, ongoing repairs and maintenance, cleaning expenses, office expenses, security expenses, credit card processing fees and food and beverage costs. Location operating expenses also include personnel and related costs for the teams managing our community operations including member relations, new member sales and member retention and facilities management. Pre-Opening Expense: consist of expenses (including all lease costs, which also include non-cash GAAP straight-line lease cost) incurred before a location opens for member operations. Excludes depreciation and amortization expense and stock-based compensation expense. SG&A: consist of sales and marketing, general and administrative and sourcing, development and other expenses, and certain community support expenses that are necessary to operate our buildings but not directly tied to an individual building. Excludes depreciation and amortization expense, stock-based compensation expense, expense related to stock-based payments for services rendered by consultants, expense related to costs associated with mergers, acquisitions divestitures, and capital raising activities, legal, tax, and regulatory reserves or settlements, and legal expenses related to regulatory investigations and litigations arising from the 2019 withdrawn IPO. Adj. EBITDA: is a non-GAAP measure we define as net loss before income tax (benefit) provision, interest and other (income) expenses, net, depreciation and amortization expense, restructuring and other related cost, impairment /(gain on sale) of goodwill, intangibles and other assets, stock-based compensation expense, expense related to stock-based payments for services rendered by consultants, change in fair value of contingent consideration liabilities associated with acquisitions, legal, tax and regulatory reserves and settlements, legal costs incurred by the Company in connection with regulatory investigations and litigation, and expenses related to costs associated with mergers, acquisitions, divestitures and capital raising activities. Operating Cash Flow: cash flows provided by (used in) operating activities as presented on our consolidated statements of cash flows. Free Cash Flow: is defined as net cash provided by (used in) operating activities less purchases of property and equipment, each as presented in the Company's condensed consolidated statements of cash flows and calculated in accordance with GAAP. 15 wework Ⓒ2021 WeWork. Confidential.#17Market share methodology and sources Market Boston London New York Paris Miamil San Francisco Los Angeles % Market Stock Source as of Q3 2021 Total Boston commercial office square footage of 66m per Jones Lang LaSalle Total Central London commercial office square footage of 281m per Cushman and Wakefield. Total Manhattan CBD commercial office square footage of 464m per Jones Lang LaSalle, published July 2021 Total Paris CBD and La Defense commercial office square footage of 226m per Immostat Total Miami area commercial office inventory of 41m square feet per Jones Lang LaSalle estimate Total San Francisco, Silicon Valley, and Oakland commercial office square footage of 198m per Jones Lang LaSalle estimate Total Los Angeles, Orange County, and San Diego commercial office stock of 367m square feet per Jones Lang LaSalle estimate Market Leasing Activity in Q3 2021 Source Total Boston leasing activity of 1.4m square feet per Jones Lang LaSalle estimate Total Central London office take-up of 2.8m square feet per Cushman and Wakefield Estimate Manhattan leasing activity of 5.3m square feet in Q3 2021 per Cushman & Wakefield Paris CBD and La Defense estimated leasing activity of 2.3m square feet per Immostat Total Miami leasing activity of 775k square feet per Jones Lang LaSalle estimate Total San Francisco, Silicon Valley, and Oakland estimated leasing activity of 2.6m square feet per Jones Lang LaSalle estimate Total Los Angeles, Orange County, and San Diego estimated leasing activity of 4.9m square feet per Jones Lang LaSalle estimate 16 | wework Ⓒ2021 WeWork. Confidential.#18GAAP to non-GAAP reconciliations $ in millions Adj. EBITDA Net loss Income tax (benefit) provision Interest and other (income) expenses, net Depreciation and amortization Restructuring and other related costs. Impairment (gain on sale) of goodwill, intangibles and other assets Stock-based compensation expense Stock-based payments for services rendered by consultants Change in fair value of contingent consideration liabilities Legal, tax and regulatory reserves and settlements. Legal costs related to regulatory investigations and litigations Expense related to M&A, divestitures and capital raising activities Adj. EBITDA Less: China Co Adj. EBITDA Adj. EBITDA Excluding China Co Q1'19 A ($267) 5 (378) 125 145 5 (52) 6 ($411) (48) ($362) Q2'19A ($638) 0 (92) 131 I I 43 5 9 2 15 ($524) (59) ($465) Q3'19A ($1,252) 4 136 157 15 199 31 5 (12) 2 66 ($651) (73) ($577) Q4'19 A ($1,618) 36 144 177 315 136 127 5 (5) 0 68 ($615) (77) ($538) Q 1'20 A ($556) 9 (465) 194 56 275 23 5 (0) 0 9 1 ($449) (56) ($393) Q2'20 A ($ 1,110) 7 76 196 81 280 12 5 (0) 1 12 6 ($436) (39) ($397) Q3'20 A ($999) 6 (38) 198 19 254 9 5 0 0 20 (0) ($527) (35) Q4'20 A ($ 1,168) (2) (105) 191 52 546 7 (7) I 0 12 2 ($472) ($492) ($472) Q1'21A ($2,062) 3 553 184 494 299 54 (2) 7 23 1 ($446) ($446) Q2¹21A ($923) st 4 68 180 (28) 242 4 0 0 (1) 3 ($449) ($449) Q3'21A ($844) (2) 206 171 16 88 4 0 0 3 3 ($356) ($356) 17 | wework Ⓒ2021 WeWork. Confidential.#19GAAP to non-GAAP reconciliations (cont'd) $ in millions Free Cash Flow Net cash provided by (used in) operating activities Less: Purchases of property and equipment Free Cash Flow Q2'21A ($618) (31) ($649) Q3'21A ($380) (49) ($430) 18 wework Ⓒ2021 WeWork. Confidential.