Clover Health SPAC Presentation Deck

Direct Contracting Expands Our Addressable Market Illustrative PCP Medicare Patient Mix(¹) Medicare Advantage 64% Original Medicare ($660bn+)(²) 36% Ideally, 1 PCP can serve up to 400 Medicare Patients Expansion through physicians, not consumers New program for Original Medicare (OM) beneficiaries Contract with PCPs, adding thousands of lives to the platform through a single contract Costs will be managed by Clover, based on an economic construct similar to MA Success via technology-driven value proposition for physicians Medicare Advantage 73k 2021E 200k+ (1) Based on current MA penetration. (2) Market size represents 2025E (3) According to a leading physician group practice focused on serving seniors, their per physician patient panels are about 400 patients. Average Clover Lives Covered >200k lives already under contract 139k 2023E 450k+ 28

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