Q4 2022 Earnings Report

Q4 2022 Results Consolidated group Q4 2022 (1) Q4 2021 (1) YoY% Change YoY% Change (Constant Currency(2)) Q4 2022 (1) Q4 2021 (1) $ in millions, unless otherwise stated % of GMV Operating Metrics GMV (3) 4,997 4,501 11% 20% MTU (4) (millions of users)** 33.6 29.6 14% GMV per MTU ($)** 149 152 (2)% 6% Partner Incentives (5) 174 218 (20)% 3% 5% Consumer Incentives (6) 238 365 (35)% 5% 8% Financial Measures Revenue (7) 502 122 310% 346% 10% 3% Loss for the period (391) (1,100) 64% (8)% (24)% Total Segment Adjusted EBITDA (8,10) (non- IFRS) 112 Adjusted EBITDA (9,10) (non-IFRS) (111) (113) (305) NM 2% (3)% 63% (2)% (7)% Note: **Excluding OVO MTUS, our MTUS for Q4 2022 and Q4 2021 would be 31.3 million and 26.0 million respectively, and GMV per MTU would be $159 and $173 respectively 1. Unaudited for Q4 2021 and Q4 2022. 2. We calculate constant currency by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the US. dollar. 3. GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the period of measurement 4. Defined as the monthly transacting users, which is an operating metric defined as the monthly number of unique users who transact via Grab's products, where transact means to have successfully paid for any of Grab's products. MTUS over a quarterly or annual period are calculated based on the average of the MTUs for each month in the relevant period 5. Partner incentives is an operating metric representing the dollar value of incentives granted to driver-and merchant-partners. The incentives granted to driver- and merchant-partners include base incentives and excess incentives, with base incentives being the amount of Incentives paid to driver and merchant-partners up to the amount of commissions and fees earned by Grab from those driver- and merchant-partners, and excess incentives being the amount of payments made to driver- and merchant-partners that exceed the amount of commissions and fees earned by Grab from those driver and merchant-partners. 6. Consumer incentives is an operating metric representing the dollar value of discounts and promotions offered to consumers. 7. Deliveries revenues benefited by $68 million in Q4 2022 due to a business model change for certain delivery offerings in one of our markets from being an agent arranging for delivery services provided by our driver-partners to end-users, to being a principal whereby Grab is the delivery service provider contractually responsible for the delivery services provided to end-users. For the impact of the change in business model on our revenues for prior period financials, see the section titled "Business Model Change Impact on Group Revenue" 8. Total Segment Adjusted EBITDA is a non-IFRS financial measure, representing the sum of Adjusted EBITDA of our four business segments. 9. Adjusted EBITDA is defined as net loss adjusted to exclude: (i) net interest income (expenses), (ii) other income (expenses), (ii) income tax expenses, (iv) depreciation and amortization, (v) stock-based compensation expenses, (vi) costs related to mergers and acquisitions, (vii) unrealized foreign exchange gain (loss), (viii) impairment losses on goodwill and non-financial assets, (ix) fair value changes on investments, (x) restructuring costs, (xi) legal, tax and regulatory settlement provisions and (xii) share listing and associated expenses. 10. These are non-IFRS financial measures. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation," 13

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