Dave Investor Day Presentation Deck

Our Model has Powerful Unit Economics Da Cohort Return Profile (Dec '18 Cohort - 3 yr Return) December 2018 Acquisition Spend Cumulative Non-GAAP Variable Profit ~7.5X Return ($0.7M) Dec-18 $4.9M Dec-21 ABCD Our marketing engine and unit economics drive strong returns Currently managing to 12-18 month payback Growth model orientation towards Transacting Members expected to increase ARPU & new cohort returns Note: Cohort Non-GAAP Variable Profit calculated as monthly cohort total non-GAAP Operating Revenues multiplied by calendar month non-GAAP Variable Profit margin; see Glossary for non-GAAP definitions 51

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