Shift SPAC Presentation Deck

Driving a Compelling Unit Economics Story $16,046 Ecommerce ASP¹ $767 Other 2 $212 Wholesale 3 ¹Ecommerce vehicle sales divided by ecommerce units 2Reflects adjusted other gross profit divided by ecommerce units ³Reflects adjusted wholesale gross profit divided by ecommerce units 4Includes depreciation and storage fees 2020E Unit Economics Breakdown ($13,889) Cost to Acquire Inventory 4 ($1,095) Reconditioning Cost ($288) Vehicle Acquisition & Fulfillment 5 ($198) Non-Repair Labor Cost Strong 2020E unit economics grow business with positive unit contribution Increase marketing spend while maintaining positive unit economics $1,554 Adjusted Gross Profit per Unit (Adj. GPU) ($1,544) Customer Acquisition Cost (CAC)6 $10 Adj. GPU - CAC 5Fulfillment includes hourly rate and travel cost for concierge 6Reflects Marketing and advertising, including referrals, branding, website, market research, car listings, creative services, and consulting Note: Metrics shown on a per unit basis divided by ecommerce units. 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 due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. All historical annual GAAP financials shown are audited; quarterly, non-GAAP financials and projections are unaudited. 33

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