PitchSend

Naver Mergers and Acquisitions Presentation Deck

Ⓒ Re-commerce is a large, fast-growing and dynamic market U.S. online re-commerce market growth $63B 2021 $80B 2022E +20% $97B 2023E $113B 2024E $130B 2025E 2.1x 1.8x 16x 1.3x 1.0x Growth by market dimension INDEX RELATIVE TO 2021 2021 2022E Includes most product categories Apparel (including Jewelry, Shoes, and Accessories), Electronics, and Home (including Furniture). excludes entire rental market and used car sales/Source: Activate reCommerce Consumer Survey, Activate analysis 2023E 2024E Total Online Re-commerce TAM 2.05x Total Online Re-commerce Buyers 1.39x Annual Orders/ Buyer 1.22x Avg Online Order Value 1.21x 2025E

View entire presentation