Embark Investor Presentation Deck

EMBARK HAS GROWN WHILE CONTINUING TO MANAGE FREE CASH FLOW SPEND Free Cash Flow Spend Growth $34.2M Reported Free Cash Flow Spend in Q4 2021 $21.7M EMBARK ($12.5) M Q4 2021 FCF Spend (Ex NWC) $24.8M $4.9M $19.9M Q1 2022 Change in Net Working Capital $19.9M Reported Free Cash Flow Spend in Q1 2022 Headcount Growth 236 64 172 Total: +32% R&D: +43% 12/31/21 Headcount R&D G&A 312 66 246 3/31/22 Headcount • 10

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