Investor Update

Delivering Profitable Growth Drivers of Free Cash Flow as % of Adjusted EBITDA Adjusted EBITDA → Profit growth from high 30s % to 40% (3-year CAGR) → Cash taxes increase as profitability grows in select markets Interest & Taxes → Reduce cost of debt as credit improves and earn income on growing investment base Operational Working Capital → Modest use of cash, generating continued leverage → Driven by expense growth and by timing related to consumer collections and earner payouts Changes to → Uber owns and operates a captive insurance company Cash flows attributable to reserve growth are typically restricted, and not available for daily operations, but earn investment income Primarily driven by US Mobility Trip growth and the cost of insurance Insurance Reserves¹ → → Capital Expenditures → Asset-light business model, generating continued leverage → Improvement driven by facilities rationalization and transition from on-premise to cloud hosting Uber | Investor Update 1. Insurance Reserves are an accrual for estimated future claim payments related to insurance risk retained by Uber. Reserves are accrued as Trips are completed and incurred on a per mile basis. The reserve balance is accrued losses net of payments made for resolved claims 74

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