Embark Investor Presentation Deck

NON-GAAP RECONCILIATION: ADJUSTED EBITDA Embark Technology, Inc. Reconciliation of Adjusted EBITDA (in thousands) (unaudited) Net loss Interest income and expense, net Depreciation and amortization EBITDA Stock-based compensation expense Change in fair value of warrant liabilities Adjusted EBITDA EMBARK Three Months Ended March 31, 2021 $ $ 2022 (18,447) (8) 871 (17,584) 16,602 (22,156) (23,138) $ (8,482) 30 222 (8,230) 562 $ (7,668) • 14

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