Embark Investor Presentation Deck

EMBARK BY THE NUMBERS Corporate Q4 '21 1) 2) 3) 4) (5) $245M Raised in Business Combination (1) 450M Basic Shares Outstanding (4) $20M Q4 Adj. EBITDA Loss (2) EMBARK $34M Q4 Free Cash Flow Spend(3) 2021 $54M 2021 Adj. EBITDA Loss (2) $69M 2021 Free Cash Flow Spend(3) 2022E $125- 140M 2022E Free Cash Flow Spend(3) $245 million reflects net proceeds for all redemptions, fees and expenses. As defined in non-GAAP reconciliation as Free Cash Flow on slide 16. Defined as Free Cash Flow in non-GAAP reconciliations on slide 17. The fourth quarter free cash flow spend includes approximately $12.5 million of prepaid expenses and other working capital adjustments. Fourth quarter free cash flow spend excluding prepaid expenses and other working capital impacts was $21.7 million. As of March 7, 2022. More detail on EMBK shares included on slide 18. Include 5 contractors. - $70- $75M 2022E Share Based Compensation Employees 236 Employees (5) 172 R&D Employees Testing 18 Testing Truck Fleet O DOT Reportable Incidents & Inspection Failures. • 12

View entire presentation