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Investor Presentaiton

Cost scaling The majority of Green Mobility's cost base is fixed and hence does not scale with revenue Examples of scaling of major costs GREENMOBILITY REPRESENTS A HIGHLY SCALABLE BUSINESS MODEL Development in revenue and costs for Copenhagen operations (indexed) With relatively few variable costs, costs scale much less than revenue Fixed costs to leasing/depreciation One of the largest cost drivers - scales only when expanding fleet Maintenance Does not scale significantly - maintenance must be performed regularly no matter the activity level Salaries Some salaries are variable with activity, however, most salaries do not scale Parking Inverted scaling, that is, costs to parking are lower, the more the cars are used Jan 17 Jan 18 Breakeven expected by year-end 2019 Jan 19 Dec 19E Revenue Copenhagen 20

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