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Revenue ($M) Strong growth powers a highly profitable business $2,000 $1,600 $1,200 $800 $400 32 $0 Revenue Growth 2020 to 2025 $31 $75 $216 $470 $949 <1% TAM $1,892 2020(E) 2021(E) 2022(E) 2023(E) 2024(E) 2025(E) Margins (%) Path to High Margins Contribution Margin (%) Gross Margin (%) ■EBITDA Margin (%) 50% 0% 2020(E) Positive contribution margin today 2021(E) Gross Margin+ 2022(E) High Long-Term Margins EBITDA+ 2023(E) 2024(E) 2025(E) 2025 Forecast 73% Contribution Margin 59% Gross Margin 39% EBITDA Margin view

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