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Investor Presentaiton

EV Charging is 21st Century Infrastructure • EV charging bears striking similarities with other 21st century infrastructure classes, like cell towers and data centers Market Cap of Cell Towers 5 Years Ago: $87bn Today: $206bn • These similarities include: SBA >> $31bn Rapid growth underpinned by a huge TAM CAGR: $87bn 19% • Attractive unit level return on invested capital CC CROWN CASTLE AMERICAN TOWER" $103bn $73bn • Recurring revenue streams Importance of site selection Market Cap of Data Centers • Use of data & technology 5 Years Ago: $31bn Today: $127bn • Corporate & commercial clients • A reflection of investor demand for these assets is evidenced by the market capitalization of the cell tower and data center sectors: ~$330bn C CORESITE $6bn CyrusOne $8bn QTS switch $5bn $4bn $31bn CAGR: 32% DIGITAL REALTY EQUINIX $60bn $41bn EV Charging is 21st Century Infrastructure and is Poised to Grow Rapidly with the Broader EV market Source: FactSet as of 3/24/21. EVgo 30
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