Missfresh IPO Presentation Deck

Ge 优鲜 Solid Economy Model with Clear Path to Profitability Lowest Fulfillment Expenses as % of Revenues among Peers Fulfillment Expenses (In RMB mn; percentage as % of total net revenues) 35% 1,239 2018 31% 又好又快 1,833 2019 26% 1,577 2020 Fulfillment Expenses per Order (In RMB; percentage as % of total net revenues) 23.5 8.7% 13.2% 5.4% 7.8% 2018 19.3 5.5% Other fulfillment expenses DMW operational expenses (excl. rental) QC center operational expenses (excl. rental) DMW and QC rental and D&A expenses 19.8 13.3% 4.5% 7.7% 2019 Through our strong Al and data analysis capabilities, we have achieved best-in-class and ever improving fulfillment efficiency 4.3% 10.9% 3.0% 7.7% 2020 27

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