Porch SPAC Presentation Deck

Investment Highlights loão 8 (2) (3) Large Addressable Market >$200B addressable TAM that will continue to expand Software + Transaction Business Model Software for companies provides consistent, reoccurring, and highly scalable business-to-business-to- consumer (B2B2C) transaction revenue $9 Defensible Moat Creates a Sustainable Advantage Software for home service companies provides early access to homebuyers and unique data about the home Strong Unit Economics 30x LTV/CAC Inspector SaaS Companies Unique Access to Valuable Demand 65% of US Homebuyers in platform 6 weeks pre-move date Attractive Financial Results 49% Expected 3 year revenue CAGR 78% 2020E Gross Margins 25% targeted long-term Adj EBITDA margins (1) For the period Aug 2019 through Jan 2020, 65.4% of US residential properties bought or sold in the period were processed through the Porch system by Contracted Recurring Companies (source: US Census Bureau and National Association of Realtors). This definition applies throughout this presentation On average, inspections occur 6 weeks prior to a homebuyer moving into their new home. Source: Elie Mae For the period Q3 and Q4 2019. LTV is calculated by taking total contribution margin after CAC, divided by the number of customers, and then multiplied by the average expected life of an account, capped at 5 years. CAC is the Customer Acquisition Cost and represents all variable costs (sales and marketing) required on average to acquire a new company. The LTV/CAC shown here is for an average inspection company Porch acquires. (4) Based on 2018 pro forma through 2021E Porch revenue. Copyright 2020 Porch.com. All rights reserved Porch 7

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