Babylon Investor Presentation Deck

13 Operational Leverage and Increased Scale Underpins the Route to Profitability Technology & SG&A costs as a % of revenue (unaudited) 285% 150% 135% Q3-2020 137% 44% 92% Q4-2020 Decrease as % 112% 73% 39% revenue 199 ppt Q1-2021 (¹) ■ Technology costs 116% 79% 38% Q2-2021 92% 57% 36% Q3-2021 ■SG&A costs Operational leverage and scalability of digital platform underpins route to profitability 85ppt SG&A margin and 114ppt technology margin improvement since Q3-20 Notes: (1) $28.4m of one-off TELUS licensing revenue recognized in Q1-21. Technology costs and SG&A costs as percentages of revenue have been calculated excluding the one-off $28.4m revenue from Q1-21 86% 65% 21% Q4-2021 FY2022E babylon

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