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Investor Presentaiton

sea connecting the dots Reconciliation Between GAAP and Non-GAAP EBITDA Note: Financial figures are unaudited. US$ Thousands Other Services Operating income/(loss) Depreciation and amortization Other Services Adjusted EBITDA 4Q 2020 4Q 2021 FY 2020 FY 2021 (14,335) 1,667 (12,668) (59,138) 2,279 (56,859) (49,006) 9,455 (39,551) (177,633) 7,422 (170,211) Group Operating income/(loss) (357,325) (442,075) (1,303,325) (1,583,060) Net effect of changes in deferred revenue & related cost 259,107 (266,399) 939,816 240,109 Depreciation and amortization 53,098 83,537 180,248 279,032 Share-based compensation Total Adjusted EBITDA 93,847 48,727 132,797 (492,140) 290,246 470,324 106,985 (593,595) Sea 4Q2021 & FY2021 Results | 15
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