ChargePoint SPAC Presentation Deck
Disclaimer Cont'd
compiled or performed any procedures with respect to the projections for the purpose of their
inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided
any other form of assurance with respect thereto for the purpose of this Presentation.
IMPORTANT INFORMATION FOR INVESTORS AND SHAREHOLDERS
In connection with the Proposed Business Combination, Switchback will be required to file a
registration statement (which will include a proxy statement/prospectus of Switchback) and other
relevant documents with the SEC. Stockholders and other interested persons are urged to read the
proxy statement/prospectus and any other relevant documents filed with the SEC when they
become available because they will contain important information about Switchback, ChargePoint
and the Proposed Business Combination. Stockholders will be able to obtain a free copy of the
proxy statement/prospectus (when filed), as well as other filings containing information about
Switchback, ChargePoint and the Proposed Business Combination, without charge, at the SEC's
website located at www.sec.gov.
PARTICIPANTS IN SOLICITATION
Switchback, ChargePoint, and their respective directors and executive officers and other persons
may be deemed to be participants in the solicitations of proxies from Switchback's stockholders in
respect of the Proposed Business Combination and the other matters set forth in the proxy
statement/prospectus. Information regarding Switchback's directors and executive officers is
available under the heading "Directors, Executive Officers and Corporate Governance" in its Annual
Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on March 30, 2020.
Additional information regarding the participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise, will be contained in the proxy
statement/prospectus relating to the Proposed Business Combination when it becomes available.
FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES
The financial information and data contained in this Presentation is unaudited and does not
conform to Regulation S-X promulgated under the Securities Act of 1933, as amended.
Accordingly, such information and data may not be included in, may be adjusted in or may be
presented differently in, any proxy statement/prospectus or registration statement to be filed by
Switchback with the SEC. Some of the financial information and data contained in this
Presentation, such as EBIT, EBITDA and EBITDA Margin, have not been prepared in accordance
with United States generally accepted accounting principles ("GAAP"). Switchback and
ChargePoint believe these non-GAAP measures of financial results provide useful information to
management and investors regarding certain financial and business trends relating to
ChargePoint's financial condition and results of operations. ChargePoint's management uses these
non-GAAP measures for trend analyses, for purposes of determining management incentive
compensation and for budgeting and planning purposes. Switchback and ChargePoint believe that
the use of these non-GAAP financial measures provides an additional tool for investors to use in
evaluating projected operating results and trends in and in comparing ChargePoint's financial
measures with other similar companies, many of which present similar non-GAAP financial
measures to investors. Management does not consider these non-GAAP measures in isolation or
as an alternative to financial measures determined in accordance with GAAP. The principal
limitation of these non-GAAP financial measures is that they exclude significant expenses and
income that are required by GAAP to be recorded in ChargePoint's financial statements. In
addition, they are subject to inherent limitations as they reflect the exercise of judgments by
management about which expense and income are excluded or included in determining these non-
GAAP financial measures. In order to compensate for these limitations, management presents non-
GAAP financial measures in connection with GAAP results.
INDUSTRY AND MARKET DATA
Although all information and opinions expressed in this Presentation, including market data and
other statistical information, were obtained from sources believed to be reliable and are included in
good faith, ChargePoint and Switchback have not independently verified the information and make
no representation or warranty, express or implied, as to its accuracy or completeness. Some data
is also based on the good faith estimates of ChargePoint and Switchback, which are derived from
their respective reviews of internal sources as well as the independent sources described above.
This Presentation contains preliminary information only, is subject to change at any time and, is
not, and should not be assumed to be, complete or to constitute all the information necessary to
adequately make an informed decision regarding your engagement with ChargePoint and
Switchback.
TRADEMARKS AND TRADE NAMES
ChargePoint and Switchback own or have rights to various trademarks, service marks and trade
names that they use in connection with the operation of their respective businesses. This
Presentation also contains trademarks, service marks and trade names of third parties, which are
the property of their respective owners. The use or display of third parties' trademarks, service
marks, trade names or products in this Presentation is not intended to, and does not imply, a
relationship with ChargePoint or Switchback, or an endorsement or sponsorship by or of
ChargePoint or Switchback. Solely for convenience, the trademarks, service marks and trade
names referred to in this Presentation may appear with the Ⓡ, TM or SM symbols, but such
references are not intended to indicate, in any way, that ChargePoint or Switchback will not assert,
to the fullest extent under applicable law, their rights or the right of the applicable licensor to these
trademarks, service marks and trade names.
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