Investor Overview November 2023

7 3. Large and Underpenetrated Market (Community WiFi Dramatically Expands Market Opportunity - Continued) Community WiFi | New Large Market Unit Economics - based on 200 Unit Apartment Community ر رده ☑ Unit Economics (200 Unit Apartment) $250 - $300K Cash Expense to Deploy WiFi WiFi Per Unit 2 $ Per $70 Unit Cost Monthly Revenues ↑ 20% IRR for REIT/Mgmt Co $10-15 Resident SmartRent Monthly Revenues + SmartRent is the only company offering a total solution to the multifamily market + The majority of our customers are looking to deploy their own WiFi vs. working with traditional ISPs. + Expect strong growth in 2025 from WiFi due to long lead and deployment cycles ◆ SmartRentⓇ

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