KinderCare IPO Presentation Deck

Effective Management Through COVID With Clear Path Back To Growth Occupancy Rates Quickly Returning to Normal (¹) 72% Industry Avg. enrollment 79% of pre-pandemic levels at September 2021 21% 47% 52% Source Company materas Notes: 1. Occupancy rates represert Class of 21 Same Center 57% 64% 64% Feb 2020A Q2 2020A Q3 2020A Q4 2020A Q1 2021A Q2 2021A Q3 2021A Effective Management through Height of COVID Closed more than 1,000 centers in March 2020 ✓ Kept more than 420 centers open for essential workers Managed costs through furlough, marginal labor costs, etc. Community-Based Center Enrollment Rapidly Increasing Given Evolving Remote Work Styles Re-opened nearly all KCLC centers with occupancy rising at faster pace than at-work centers Beneficiary of faster center enrollment recovery Capitalizing on whitespace created by reduced 20-25% capacity KinderCare Leaming Companies Not for reproduction or distribution without written consent from KinderCare 26

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