Embark SPAC Presentation Deck

Compelling Unit Economics for Both the Carrier and EMBARK Embark Autonomous Revenue Per Mile Gross Revenue Last Mile Reimbursement Embark COGS Per Mile Cost of Goods Sold (1) Gross Profit(1) Gross Margin(1) NORTHERN GENESIS II $0.44/Mile $0.12/Mile $0.26/Mile ~69% Source: Embark / Northern Genesis II Management (1) Represents 2025E. Gross profit includes drayage rebates. 500 Miles: Net Revenue $0.31/Mile 1000 Miles: Net Revenue $0.38/Mile Guardian System Includes: Monitor Bandwidth Cost Update Bandwidth Cost Update Subscription Cost Guardian Employee Includes: Salaries Benefits Overhead Costs YP02815 26

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