Shift SPAC Presentation Deck

Sustained Adjusted Gross Profit Growth ($ in Millions) 4.1% $5 2018A 4.0% $7 2019A 7.9% $15 2020E 9.2% $37 2021E 13.0% 11.0% $90-$110 2022E Key Growth Drivers Tech Platform Optimize pricing model and drive higher funnel conversion Days to Sale Improve inventory selection to drive down Days to Sale Reconditioning Improve efficiency Third-party sourcing and partnerships Scale capacity in new and existing markets Other revenue Continued improvements as volumes scale Note: Reflects adjusted gross profit, which excludes a non-cash contra-revenue adjustment primarily associated with Lithia warrant milestones. For a reconciliation of adjusted gross profit to its most directly comparable GAAP financial measure see page 44 of the Presentation. These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. Metrics that are considered non-GAAP financial measures are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. All historical annual GAAP financials shown are audited; quarterly, non-GAAP financials and projections are unaudited. 30

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