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 $40 $35 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 trailing twelve-months ended June 30, 2023, the combined Blade / Trinity Medical segment generated $103.0mm in revenue, approximately 6x Trinity's trailing twelve-month revenue prior to acquisition $30 $25 $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 Q2'23. 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 1. 2. BLADE 30 50

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