REE SPAC Presentation Deck

Attractive Margin and Free Cash Flow Profile Gross Profit ($ in Millions)¹ Gross Margin (%) (2%) (0) 2021 EBITDA ($ in Millions) ¹ EBITDA Margin (%) 6% (64) 2021 2022 (42) 2021 Free Cash Flow ($ in Millions) ¹ (96) 2022 (124) 2022 RBE Confidential and Proprietary Information (1) 20% 70 2023 (6) (2%) 2023 (100) 2023 26% 10% 710 2024 275 2024 (137) 2024 31% 1,757 2025 16% 904 2025 307 2025 31% 3,247 2026 1,693 16% 2026 770 2026 Reductions in material and labor / overhead as production volume increases Leverage partner manufacturing capabilities Core technology has been already developed, limiting ongoing R&D expenditures Significant operating leverage from SG&A REE only needs to assemble components at its Integration Centers, reducing Capex requirements Cash flow positive by 2025 These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. Metrics that are considered non-GAAP financial measures are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures. For more information about non-GAAP financial measures, see slide 3 35

View entire presentation