Investor Presentaiton

Strong Financial Profile Driven by Market Growth and Operating Leverage Network Throughput (GWh sold) Revenue (1) ($ in millions) 2,478 1,731 1,117 COVID-19 578 1 245 25 I 15 I 24 69 $905 $596 $326 COVID-19 $166 ---1 $18 i $20 $14 $54 I $1,289 I I I 2019A 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E ■Retail ■Fleet Adj. EBITDA and Operating Costs (1)(2) ($ in millions; costs as % of sales) 2019A 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E Fleet ■MHD Other ■Retail Free Cash Flow ($ in millions) Total 12,61 16,21 332% 260% EVgo Chargers 2,211 3,302 5,088 7,178 9,434 3 2 $507 $440 $278 $331 138% $185 $155 $193 57% $43 $48 37% 25% 21% 19% $60 ($3) ($4) ($42) ($44) $5 ($112) ($126) ($129) ($107) ($15) ($29) ($58) ($43) 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2019A 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E IFCF, Pre-Growth Capex ■FCF, Incl. Growth Capex Adj. EBITDA (1) Operating Costs (2) 1) Note: Engineering & Construction salaries and third-party tech costs are fully expensed; GAAP generally capitalizes a portion of these costs and would otherwise result in an increase to earnings. Certain contractual OEM payments to be received from 2021-2025 have been excluded from Revenue and Adjusted EBITDA in these projections pending determination of appropriate accounting treatment of those payments. To the extent that these payments are excluded from revenue for accounting purposes in those years, those revenues will be deferred and recognized in full in future years. Adj. EBITDA shown excludes D&A included in cost of sales. 2019 actuals include related party revenue. 2) Operating costs include SG&A, total network non-energy costs, and contractual cost reimbursements. EVgo 26

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