Investor Presentaiton

How Blade Creates Value via M&A: Trinity Air Medical Case Study Since acquiring Trinity, Blade has significantly accelerated growth in the business, enhancing returns for shareholders • Blade acquired Trinity in September 2021 for $23mm Quarterly Revenue ($ in millions) • Trinity's trailing twelve-month revenue prior to acquisition were approximately $17.8mm(1), and had grown at an approximate 29% compound annual growth rate since 2019 $30 $25 Post-acquisition, Trinity was able to leverage Blade's brand, aircraft operator network, and technology- enabled logistics and customer service, to accelerate organic growth and materially increase the size of its. customer base In the year ended December 31, 2022, the combined Blade/Trinity Medical segment generated $71.8mm in revenue, approximately 4x Trinity's trailing twelve- month revenue prior to acquisition, and generated $5.1 million in Segment Adjusted EBITDA $20 $15 $10 $5 Actual combined Blade + Trinity MediMobility Organ Transport revenues Illustrative Blade + Trinity revenues assuming historical Trinity revenue growth rate(2) Trinity standalone pre-acquisition revenues $0 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 1. Note: Definition of all non-GAAP numbers and reconciliation to GAAP numbers are provided in the Appendix of this presentation Trinity's trailing twelve months ended June 30, 2021 revenues were $17.8 million; a non-GAAP reconciliation is provided in the Appendix of this presentation Estimated based on Trinity's historical pre-acquisition compound annual revenue growth rate of -29% from 2019-2021 2. BLADE 28

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