Credit Suisse Investment Banking Pitch Book

3 Selected companies analysis ($ in millions, except per share values) Company Berkshire Grey (consensus) Berkshire Grey (management) Emerging industrial technology Desktop Metal Fathom Digital Markforged Sarcos Technology and Robotics Velo3D Emerging fulfillment technology AutoStore Symbotic (2) Automation-oriented industrial technology Cognex Hexagon Rockwell Automation Trimble ($ in millions, except per share amounts) 2023E Revenue (1) (2) Metric $101 Low Share price as of 3/22/23 2.0x Selected multiple ranges High $1.16 $1.16 $2.12 $0.64 $0.91 $0.43 $2.23 €21.69 $22.79 $48.41 NOK 1 13.50 $277.63 $48.53 5.0x Equity value 309 309 676 87 177 429 7,009 13,719 Low $201 8,458 29,672 32,085 11,969 Ent. value Mean Median Mean Median (1) Mean Median 250 250 623 402 58 (36) 372 7,328 13,322 8,017 30,022 34,239 13,248 Overall Mean Overall Median (1) Implied enterprise value EV / Revenue CY'23E 2.1x 2.5x High $504 2.6x 2.4x 0.5x NM 3.0x 2.1x 2.5x 10.1x 11.9x 11.0x 11.0x 8.5x 5.3x 3.9x 3.5x 5.3x 4.6x 4.7x 3.3x CY'24E NM 1.5x 2.2x 2.2x 0.5x NM 2.0x 1.7x 2.1x 8.5x 7.8x 8.1x 8.1x 7.5x 5.0x 3.7x 3.3x 4.9x 4.3x 4.0x 3.3x EV / EBITDA Low $260 CY'23E NM NM NM 11.2x NM NM NM 11.2x 11.2x 21.3x NM 21.3x 21.3x 33.5x 14.4x 17.8x 13.8x 19.9x 16.1x 18.7x 16.1x CY'24E NM NM NM 9.8x NM NM NM 9.8x 9.8x 17.6x NM 17.6x 17.6x 25.0x 13.2x 16.7x 13.0x 17.0x 15.0x 15.9x 15.0x Implied equity value High CY'22E-24E CAGR EBITDA NM NM Revenue NM 55.4% $562 15.1% 6.4% 12.4% 137.0% 50.3% 44.3% 15.1% 23.3% 57.2% 40.2% 40.2% 3.0% 4.4% 7.3% 4.2% 4.7% 4.3% 31.3% 13.8% NM NM NM NM NM NM NM 34.3% NA 34.3% 34.3% 5.7% 6.8% 10.7% 5.6% 7.2% 6.2% 12.6% 6.8% Source: Company filings and FactSet as of 3/22/23. Note: Equity value per share based on current shares of 322.2m, including 242.5m common shares outstanding, 20.2m stock options, 19.5m RSUS, 14.8m of Class A common stock warrants, and 25.3m of FedEx warrants. Common shares outstanding include 2.9m unvested RSAs. Stock options exclude 1.1m of Bravo CEO's unvested performance-based options. Assumes a treasury stock method for purposes of calculations. Assumes Bravo cash balance as of 12/31/22 per Bravo management. Includes $6m value attributable to 9.6m and 5.2m public and private warrants outstanding, respectively, at $1.40 cash offer per share. Per Bravo management. EBITDA margin CY'24E NM NM CY¹23E NM NM NM 21.1% NM NM NM 21.1% 21.1% 47.4% 1.2% 24.3% 24.3% 25.5% 36.7% 21.9% 25.4% 27.4% 25.5% 25.6% 25.4% NM 22.1% NM NM NM 22.1% 22.1% 47.9% 13.5% 30.7% 30.7% 30.1% 37.5% 22.3% 25.5% 28.8% 27.8% 28.4% 25.5% Implied equity value per share Low High $0.98 $2.03 7

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