Opendoor Investor Presentation Deck

Investment highlights Massive, highly fragmented market Superior consumer experience Highly differentiated, purpose-built platform Proven playbook for growth at scale Attractive unit economics Durable financial profile across market cycles Significant runway and upside ahead $2.3T Existing home sales >80 Seller NPS 100% Automated offers 83% 4-yr revenue CAGR 240bps Structural margin improvements 21 Consecutive qtrs of +CM $50B+ Revenue opportunity <1% Online penetration >35% True seller conversion 13x More efficient than agent 48 Markets and growing 100%+ Levered unit-levels returns ~3.65x Inventory turns per year 7-9% Long-term CM 42

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