Polestar SPAC Presentation Deck

Polestar 3 and SPA 2 platform expected to drive Capex 2021-2022E Capex need from main carlines of the business plan expected to tail off towards 2025E Next generation expected Capex in 2024E- 2025E driven by next generation platform and first top hat derivate Note: Management estimate based on past projects and experiences, assumptions regarding a competitive cost level, customer preferences and the legal, regulatory incentive environment Source: Business Plan, Management estimates Financial overview Capex spend to fund investments required for future model launches Capex by type, $bn 0.7 0.5 0.2 2021E ■ Property, Plant & Equipment 0.5 0.6 2021E 0.3 0.2 2022E Research & Development, $bn (cash spend) 0.4 2022E 0.5 0.2 0.3 2023E Intangibles 0.3 2023E 0.7 0.3 0.4 2024E 0.4 2024E 0.7 0.4 0.2 2025E 0.5 2025E 35

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