Bird SPAC Presentation Deck

(331%) (88%) (126%) || (191%) 2018A Multiple operational drivers to achieve future profitability BIRD ADJUSTED EBITDA MARGIN (399%) (51%) (7%) H1 2019A H2 2019A H1 2020A H2 2020A 2021P 2022P Note: Adjusted EBITDA margin is a non-GAAP metric. See appendix for reconciliation. 18% 2023P Revenue Drivers Gross Margin Drivers Operating Expense Leverage KEY DRIVERS New cities and regions Fleet Manager unlocks long-tail Variable FM cost structure Allows for winter profitability R&D Increased scale and automation Increased utilization Rebound post-COVID Lower city-level overhead Reduced service centers and labor Ops Data-driven, systematized operations New form factors Bird Bike Vehicle improvements Longer vehicle life and fewer repairs G&A Scale 28

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