Babylon SPAC Presentation Deck

Case Study: Rapidly Scaled and Reduced High Cost Care Utilization by Centene HSH Members Babylon has Achieved Rapid Engagement with the Home State Health (HSH) Member Population... Home State Health - Illustrative Penetration Over Time Penetration 20% 5% % households signed up 2) 3) 4) 5 months HSH VBC penetrated (1) -20% (2) of member households in 5 months As of Q2 2020 Oak Street Health indicated less than 5% penetration (1) of total patients in its existing markets 1 year Time Source: Management reporting, Oak Street Health corporate presentation (October 2020). Notes: 1) ...and Early Evidence Suggests Babylon's Value Based Care Reduces Unplanned ER Visits... Home State Health - ER Visit Reduction Mar-21 Feb-21 Jan-21 Dec-20 Nov-20 Oct-20 31% Within 5 months Babylon obtained at least 1 registration from 584 of 3,169 households in its assigned population. Based on responses in the Alternative Health Choices survey (as part of consultation booking flow). Includes all VBC contracts in the US (i.e. Fresno, Home State Health). 47% 33% 44% 40% 50% Patients that booked digital consults said they would have used ER or Urgent Care (³) if Babylon's services had not been available ..Thus, Enabling Cost Savings and Driving the Profitability Increase Babylon VBC (4) – Gross Margin Improvement + 820 bps + 1,211 bps Q4-20 vs. Oct-20 Q1-21 vs. Oct-20 Babylon defines penetration as the receipt of registration from a household in its covered population. Oak Street Health and other companies in our industry may calculate penetration and similarly titled measures differently, which could reduce the usefulness of penetration as a tool for comparison. 74

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