GROWTH STRATEGY

FINANCIAL OVERVIEW Financial Results and Projections Marketplace Management Revenue ($ in Millions) CAGR: 59% $113 Marketplace Transactions CAGR: 127% Appreciate 6,679 $57 $45 2,308 $28 $28 $26 813 $56 568 $25 $22 $19 2020A 2021A 2022E 2023E 2020A 2021A 2022E 2023E Gross Profit ($ in Millions) Gross Profit EBITDA Gross Margin EBITDA Margin $64 57% 53% 50% 46% $24 $14 $13 2020A 2021A 2022E EBITDA (¹) ($ in Millions) $23 20% 9% 3% 1% $4 $1 $0 2023E 2020A 2021A 2022E 2023E Note: See slide 43: Financial Model Assumptions (1) 2020A and 2021A represent Adjusted EBITDA figures; see slide 46: EBITDA Reconciliation Private & Confidential 35

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