Shift SPAC Presentation Deck

Strong Current Momentum with Accelerating Sales Growth Ecommerce Units Sold, Revenue, and Adjusted Gross Profit per Unit ("Adj. GPU") Resilient Despite Pandemic ($ in Millions, except per unit amounts) Q1 '20A: $2,465 Adj. GPU Revenue $30.0 1,421 Q2 '20A: $2,048 Adj. GPU Q3'20E Units and Revenue in line with guidance $32.4 1,822 July '20A: $1,924¹ August '20A: $1,6592 Q3 '20F: $1,3183 Adj. GPU $58.7-$59.5 2,930-2,940 Q4 '20E: $1,139 Adj. GPU $72.0 3,615 Shelter-in-place orders impacted transactions in March Touchless delivery, PermaSafe recondition, and general ecommerce demand accelerated sales in April Mitigated post-lockdown concerns by slowing inventory acquisitions in March, April and May. We since accelerated acquisitions in June and July to rapidly grow inventory Highly-selective inventory impacted Q2 sales volume, but resulted in strong Adj. GPU Strong demand for product through Q3 driving accelerated growth Total units sold in Q3 were "10% above guidance expecting 4,030 - 4,040 total units, compared to guidance of 3,669 Q1'20A Q2'20A Q3'20EA Q4'20E Note: Reflects ecommerce units. Financials are unaudited. These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. Projections that are considered non-GAAP financial measures are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Adjusted Gross Profit per Unit ("Adj. GPU") is calculated as Adjusted Total Gross Profit divided by the number of ecommerce units. ¹July Adj. GPU of $1,924 is calculated as GAAP Total Gross Profit (unaudited) of $1.6 million divided by 834 ecommerce units sold. July Adj. GPU negatively impacted by $133 of non-repair labor expense. 2August Adj. GPU of $1,659 is calculated as GAAP Total Gross Profit (unaudited) of $1.7 million divided by 1,007 ecommerce units sold. August Adj. GPU negatively impacted by $162 of non-repair labor expense. ³Forecast (F) defined as prior guidance. Estimated Actual (EA) defined as the range of achieved actual results. 11

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