Polestar Investor Presentation Deck slide image

Polestar Investor Presentation Deck

4 Scalable, flexible and operational Flexibility to scale production rapidly with demand, using already operational plant ecosystem Access to global plants with ~750k capacity³ Higher return on capital vs. peers Polestar can fully capitalize on Geely/Volvo Cars synergies where it sees best fit Capital intensity % of total assets/2021A revenue¹ -109p.p 41% Average150% Polestar¹ 101% 115% European Global EV Premium Player OEM 1 1.2025E capital intensity % used for Polestar. Please refer to slide 42 for additional information on financials. 2. For group. Investment highlights Polestar aims to be the most capital efficient EV premium/luxury brand globally 232% 3. Excluding potential capacity of potential European production site. Source: Company information, Management estimates. 187% Regional EV European² Player Premium OEM 2 117% European Premium OEM 3 Independent Board and arm's length contracts Adherence to OECD guidelines for intra-company dealings Most contracts are evergreens and negotiated on a cost-plus basis 3-year manufacturing capacity reserve planning and annually re- confirmed Board of Directors Polestar / Volvo Cars executive alignment meeting Product Creation Steering Committee PC Polestar business office Industrial Steering Committee M&L Commercial Steering Committee Operation 24
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