KinderCare IPO Presentation Deck

Occupancy Growth: Strong Market Opportunity Consistent Historical Occupancy Growth (¹) 58% 61% 63% 66% 69% 69% 69% Source: BLS. BMO Research Reports Childcare Exchange MCH Notes: Occupancy rates represent Same Centers, 2019 includes Rainbow centers 72% 47% 64% Market Growth Pathway to Higher Occupancy (U.S. Private Expenditure) Reduced Industry Capacity KinderCare Primed to Take Share 4.7% CAGR $10.5B 2012 $15.2B 2019 20-25% Industry reduction due to COVID The market continues to see a historic shortage of supply relative to demand KinderCare Leaming Companies Not for reproduction or distribution without written consent from KinderCare 29

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