Embark Investor Presentation Deck

NON-GAAP RECONCILIATION: FREE CASH FLOW SPEND Embark Trucks, Inc. Free Cash Flow (in thousands, except share and per share data) Net cash used in operating activities (GAAP) Capital expenditures Truck deposits, net of returns One time transaction related cost(¹) Free cash flow (Non GAAP) EMBARK $ $ Three Months Ended December 31, 2021 (33,191) $ (973) 2020 (6,826) $ (722) (10) (34,164) $ (7,558) $ (1) Represents one time transaction related costs, which are not expected to recur in the future. Years Ended December 31, 2021 (66,049) $ (3,353) (353) 1,000 (68,755) $ 2020 (19,130) (2,181) 768 (20,543) • 17

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