Polestar Investor Presentation Deck

$mn Total volume (number vehicles sold) % growth Total revenue % growth COGS Gross profit EBIT EBITDA Capex2 % of revenue Adjusted Unleveraged Free Cash Flow Appendix Summary financial items 2021 29k¹ 185% 1,337 119% (1,336) 1 (995) (756) (505) (38%) (1,282) 2022E 50k 74% 2,460 84% (2,130) 330 (910) (730) (900) (37%) (1,730) 1. Polestar delivered 28,677 vehicles during the year ended December 31, 2021 of which 2,836 vehicles included buy-back agreements and 2,081 internal vehicle deliveries. 2. Capex defined as capitalised investments in tangible and intangible assets (externally acquired and internally generated) excl. capitalised leases. 2023E 124k 148% 6,550 166% (5,240) 1,310 (150) 160 (550) (8%) (740) 2024E 225k 81% 13,020 99% (10,590) 2,430 400 880 (700) (5%) (160) 2025E 290k 29% 17,590 35% (13,880) 3,710 1,340 1,910 (660) (4%) 1,130 41

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