Shift SPAC Presentation Deck

Initiatives Driving Improved Unit Economics, Setting the Stage for Growth Rationalized Inventory Decreased Retail-to-Wholesale¹ volumes drive increased margins Wholesale Units % Decrease in wholesale units as a 19% percentage of total units in Q2 2020A compared to 2019A Value Segment 2Shift defines Value segment cars as those with > 80,000 miles or > 8 years old ³Based on May 2020 other adjusted gross profit per unit average of $850 Launched Value segment to efficiently target the full spectrum of used car market Value as a % of Units Sold² Of revenue in 29% 1H 2020A were Value Cars Financing & Vehicle Protection Enhanced unit economics as bundling increased attach rates Other Adjusted Gross Profit per Unit ~84% Increase in other adjusted gross profit per unit in May over 2019A average³ Note: 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. ¹Shift defines Retail-to-Wholesale as acquired ecommerce vehicles that are sold via Wholesale 22

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