Future Of Work Opportunity & Quarterly Financial Results

Transformed Operating Structure WeWork has overhauled its business operations and cost structure, right-sized its real estate portfolio and refined its value proposition Streamlined Operations and Expenses - Reduced location operating expenses by $600M on an annualized, per square foot basis (1) - Cut SG&A expenses by $1.7B on an annualized, run-rate basis (2) - Divested all non-core businesses Optimized Portfolio - Over 230 full lease exits and 460 lease amendments from the beginning of 2020 through Q2 2022 - Achieved an estimated $500M+ in annualized rent savings as a result of our portfolio optimization efforts (1) - Franchise and other management agreements in China, India, Israel and Latin America where local capital and expertise can strengthen WeWork's international business Strengthened Value Proposition - Outsized growth vs commercial office market - Sequential growth in occupancy and revenue since April 2021 show continued momentum All Access memberships reached 62,000 as Enterprise clients and SMBs alike continue strong adoption - Launching technology platform for operators and occupiers to manage their space, becoming a true end-to-end solution for modern workplace needs 1. As of Q4 2021 compared to Q4 2019 2. As of Q2 2022 compared to Q4 2019 5 wework ©2022 WeWork

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