Porch SPAC Presentation Deck

Diverse, quality, and reoccurring revenue leads to targeted 25% long-term Adjusted EBITDA margins 23% Revenue Gross Profit 11% 66% 2021E Revenue Distribution ■ B2B -Recurring SaaS Generated Company Fees ■B2B2C (Moving Services) - Reoccurring Transaction Fees via Companies B2B2C and B2C (Post-Move Services) -Reoccurring and Non-Reoccurring Transaction Fees Contribution Margin Adjusted EBITDA Margin 2018PF 100% 81% 7% -79% 2019PF 100% 83% 19% -52% 2020E 100% 78% 36% -14% 2021E 100% 81% 44% 6% Long-Term (targeted 100% 80% 50% 25% (1) B2B includes recurring fees paid by Companies to Porch for SaaS and other services. (2) B282C (Moving Services) includes revenue predominantly related to selling consumers insurance, moving, security and TV/internet with the vast majority of these consumers being provided to Porch on a reoccurring basis by companies. (3) 8282C and B2C (Post-Move Services) includes revenue predominantly related to connecting consumers with contractors across home maintenance and improvement projects with these consumers originating from both 1) companies on a reoccurring basis, and 2) direct- to-consumer channels. Copyright 2020 Porch.com. All rights reserved Porch 25

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