Harley Davidson SPAC Presentation Deck

1: RAPIDLY GROWING MARKET Large Core Addressable Market With Significant Upside MOTORCYCLE GLOBAL EV UNIT PENETRATION 15 $2.5B 2021 6% Global Electric Motorcycle Total Addressable $28B Market (TAM), 2021E-30E $3.2B 2022 8% $4.0B 2023 9% $6.1B 2024 14% $7.7B 2025 15% $10.3B 2026 $12.3B 17% '21-30 TAM CAGR of 26% 2030 Auto EV Adoption Forecast at 40-55% Across Regions 2027 $15.7B 19% 2028 $17.9B 23% 2029 24% $20.4B 2030 25% Source: Management estimates. Note: Global electric motorcycle TAM includes light/medium/heavy motorcycles and 3-wheelers only. Excludes scooters and 4-wheelers. Includes North America, Europe, China and Rest of Asia. Upside reflects high EV adoption case. UPSIDE CASE BASE 11112 DOD

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