Opendoor SPAC Presentation Deck

Updated expectations for 2020 Recent financial results $ in millions Homes Sold Total Revenue Adjusted Gross Profit % Margin Total Contribution Profit % Margin Adjusted EBITDA % Margin YTD Sep-19 13,768 $3,485 $226 6.5% $74 2.1% ($159) (4.6%) YTD Sep-20 9,064 $2,334 $173 7.4% $79 3.4% ($71) (3.0%) 3Q19 4,783 $1,211 $80 6.6% $29 2.4% ($53) (4.4%) Note: Adjusted Gross Profit and Adjusted EBITDA are non-GAAP metrics, see reconciliation in Appendix for historical numbers 3Q20 1,232 $339 $33 9.8% $20 5.8% ($21) (6.2%) Updated 2020 outlook Prior 2020E 9,673 $2,455 $172 7.0% $72 3.0% ($141) (5.7%) Updated 2020E 9,750 $2,500 $190 7.6% $90 3.6% ($120) (4.8%) 46

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