Babylon SPAC Presentation Deck

Expect Babylon's Margins to Expand as it Gains Operational Leverage $BN $1.6 $1.4 $1.2 $1.0 $0.8 $0.6 $0.4 $0.2 $0.0 ($0.2) 2019A We Expect Babylon will Grow Profitably... Revenue Gross Margin -Adj. EBITDA (¹) 2020A 2021E Constantly Improving Margins 2022E Source: Management estimates. Notes: 1) Adjusted EBITDA reconciliation in Appendix. 2) In 2020 95% of all bookings across Babylon's geographies were digital (including cancellations). CAGR 2020A-2023E: +166% Increasing Operating Leverage Margin: 23% Margin: 0% Medium-Term Target 2023E Gross Margin ~30% EBITDA Margin ~15% ...By Providing Digital-First End-to-End Care Babylon's highly-accessible, digital-first service will allow it to: Divert patients from expensive Urgent Care to proactive & accessible virtual primary care Avoid expensive downstream costs of chronic conditions by solving healthcare issues earlier ...and Reducing Expensive Delivery Costs Leverage technology and automation to significantly reduce the cost of primary care: Increase in efficiency by automating admin and other lower-value tasks Use digital triage to increase the proportion of interactions served by lower-cost healthcare professionals Reducing costs associated with physical services by solving ~95%(2) of issues via digital consultations 33

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