Babylon Investor Day Presentation Deck

Operational Leverage and Increased Scale Underpins the Route to Profitability... 56 Technology & SG&A costs as a % of revenue (unaudited)(¹) 285% 150% 135% Q3-2020 137% 44% 92% 112% Q4-2020 73% 39% 253ppt 116% 79% 38% Q1-20212) Q2-2021 Technology costs 92% 57% 36% 86% 65% 21% Q4-2021 Q3-2021 SG&A costs 32% 22% 10% Q1-2022 Operational leverage and scalability of digital platform underpins route to profitability 128ppt SG&A margin and 125ppt technology margin improvement since Q3 2020 Notes: (1) Technology costs is Research & development expenses and Platform & application expenses. Technology costs and SG&A costs as percentages of revenue have been calculated excluding the one-off $28.4m revenue from Q1 2021. (2) $28.4m of one-off upfront revenue recognition in connection with a software licensing arrangement in Q1 2021. babylon

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