Q4 2022 Earnings Report

Q4 2022 Results Deliveries Revenue (1) (US$M) +$68M(1) from Business Model Change 268 Q4 2021 Q4 2022 Gross Merchandise Value(2) (US$M) 2,438 2,350 -4% YoY +5% YoY (CC(4)) Q4 2021 Q4 2022 Commission Rate(3) Segment Adjusted EBITDA (5) (% of GMV(1)) 23.8% (US$M) 18.2% % GMV(1) (3.5%) 2.0% Q4 2021 Q4 2022 47 +US$132M (84) Q4 2021 Q4 2022 Note: Deliveries Q4 2022 results include contributions from Jaya Grocer 1. 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" 2. 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 3. Commission Rate represents the total dollar value paid to Grab in the form of commissions and fees from each transaction, without any adjustments for incentives paid to driver- and merchant-partners or promotions to end-users, as a percentage of GMV, over the period of measurement 4. CC stands for Constant Currency. 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. 5. Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. For a reconciliation to the most directly comparable IFRS measure see the section titled "Non-IFRS Reconciliation". 18

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