Nextdoor SPAC Presentation Deck

Sustainable growth; additional capital a potential accelerant Annual Summary 2020A $123M 49% Total Revenue % Growth Total ARPU % Growth Operating Expenses % of Total Revenue % Growth Net Loss Non-GAAP Operating Expenses ¹ 1 % of Total Revenue % Growth Adj. EBITDA % Margin Y/Y Margin Improvement 2019A $83M 62% $4.23 10% $158M 191% 70% $(73M) $141M 171% 66% $(59M) (71%) (3%) $4.62 9% $200M 162% 27% $(75M) $174M 141% 23% $(50M) (41%) 31% 2021E $178M 44% $5.93 28% $280M 158% 40% $(103M) $228M 128% 31% $(50M) (28%) 13% 2022E $249M 40% $6.47 9% $352M 142% 26% $(103M) $294M 118% 29% $(45M) (18%) 10% Current model does not assume additional capital Additional funding can significantly accelerate growth Long Term Target Margins: Adjusted EBITDA Margins of ~40% Forward looking estimates are subject to change. Actual figures may be materially different. For a reconciliation of non-GAAP financial measures to GAAP, see appendix. 1. Non-GAAP Operating Expenses includes cost of revenue, sales and marketing, research and development and general and administrative expenses, excluding depreciation and amortization, stock-based compensation and acquisition-related costs. 35

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