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Investor Presentaiton

Short Distance Footprint in Markets with Significant Growth Potential Blade sees significant opportunity to grow within its existing footprint, while taking share from land and sea alternatives Market Snapshot: Vancouver <> Nanaimo and Victoria Market Snapshot: Nice <> Monaco Competition BLADE Mode Ferry / Seaplane Rotorcraft Trip Length 1 - 4 hours (1) 20 40 minutes Annual Pax 11 million+(2) ~100,000* Trip Price $18 $319(3) From $175 Mode Trip Length Annual Pax Market Snapshot: Manhattan <> JFK and EWR Airports Competition Ground Up to 2 hours 27 million(7) BLADE Rotorcraft 5 minutes ~12,000* From $195 Competition BLADE Mode Trip Length Train / Car 30 90 minutes Rotorcraft 7 minutes Annual Pax ~6 million+(4) Trip Price $5-$85(5) ~45,000* From $215(6) Mode Market Snapshot: Mumbai <> Pune Competition Car/Train BLADE Rotorcraft Trip Length 2.5 4.5 hours 40 minutes Annual Pax ~33 million (9) Trip Price $2 - $42(10) <1,000* From $125 Trip Price (8) NYC Taxi $52+ UberX $150+ Black Car $175+ Passenger Service MediMobility Operations *Note: Blade annual passenger volumes for Vancouver and Nice are pro forma for the acquisitions of Helijet, Monacair, Héli Sécurité, and Azur Hélicoptère, and reflect 2019 seat volumes assuming Blade had owned the businesses beginning January 1, 2019. Manhattan annual passengers based on Blade Airport seats flown in 2019. India annual passenger count reflects 2019 seat volumes of the Blade India joint venture 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Seaplane trip length inclusive of estimated 25 minutes for check-in. Ferry trip length considers drive from downtown Vancouver to Tsawwassen terminal and from Swartz Bay terminal to downtown Victoria Source: BC Ferry Fiscal 2020 Annual Report. Annual passengers reflect total number of travelers on BC Ferry's Route 1 (Vancouver to Victoria) Lower end represents BC Ferry base fare from Vancouver Tsawwassen to Victoria Swartz Bay terminal for individual adult with no vehicle. Upper end represents same-day, peak-hour seaplane fare from Vancouver to Victoria inclusive of luggage allowance Source: Harvard Business School Institute for Strategy & Competitiveness. Annual passengers approximated based on ~5.8 million annual visitors to Monaco, the vast majority of whom travel to the Principality via Nice Lower end represents SNCF base fare from Nice Saint-Augustin to Monaco Monte-Carlo train station. Upper end represents weekend afternoon Uber Berline (Uber Black) fare from Nice airport to Monaco as of July 2022 Reflects 2023 fare of 195 Euro inclusive of VAT Source: Big Three consultancy hired by the company, management analysis. Source: Big Three consultancy hired by the company, management analysis. Represents pre-COVID 2019 figures NYC Taxi price reflects NYC Taxi and Limousine Commission flat fare from Manhattan to JFK. UberX & Black Car prices reflect peak-hour pricing from Hudson Yards to JFK as of July 2022 Source: The Times of India, "Road to Pune has more takers than train, plane" (2009) Lower end represents Indian Railways base fare from Mumbai Chhatrapati Shivaji Terminus to Pune Railway Station. Upper end represent cost of driving self-owned car for 150km, approximated at $0.28 / kilometer (Times of India estimate 2017) BLADE 16
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