Polestar SPAC Presentation Deck

EBIT margin Revenue, $bn 1.6 2021E EBIT, $bn (60%) (1.0) 3.2 2022E (19%) (0.6) 2021E 2022E Note: Non GAAP metrics. Management estimates based on assumptions regarding Polestar's performance in the geographic regions where it competes, demand for its different car models, its available book of customers and management's vies on market and customer demand going forward. 1. Cash Conversion defined as Free Cash Flow/ EBITDA 2. Free Cash Flow=EBITDA-Tax-ANWC-Capex + Payables Equitisation Source: Company Information, Management estimates 6.7 2023E 1% 0.0 2023E Financial overview Financial summary: breakeven by 2023E and 9% EBIT margin by 2025E 13.2 2024E 5% 0.7 2024E 17.8 2025E 9% 1.6 2025E Gross margin Gross Profit, $bn 9% 0.1 Cash conversion¹ 2021E n.m. 16% (1.6) 2021E 0.5 2022E Adjusted Free Cash Flow², $bn n.m. (1.2) 22% 2022E 1.4 2023E n.m. (0.4) 2023E 20% 2.7 2024E n.m. 0.0 2024E 22% 3.9 2025E 62% 1.3 2025E 34

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