Investor Presentaiton

Robust unit economics drive operational leverage Gross Profit [£m] EBITDA margin (%) Margin Total FY21-24 (2%) 6% 8% 10% 13% CAGR Europe | n/a n.m.(1) 1% 4% 8% UK || [2%] 6% 9% 12% 15% 746 156% 162 289% (20%) 401 42 583 141% 159 359 4 44 155 3 42 [1] [3] 2020E 2021F 2022F 2023F 2024F UK Europe (50%) UK profitable by 2023 3% [1%] [7%] 2020E 2021F 2022F 2023F 2024F Note: 2020 financial information and data is unaudited, based on draft statutory accounts, and subject to change. Forward-looking projections are for illustrative purposes and should not be relied upon as being necessarily indicative of future results. (1) GP margin not representative as all of Europe 2021E gross profit is from subscription; Europe retail roll out to begin at start 2022. Metrics that are considered non-IFRS financial measures such as EBITDA margin are presented on a non-IFRS basis without reconciliations of such forward-looking non-IFRS measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. CAZOO Investor Presentation - March 2021 32

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