Embark SPAC Presentation Deck

Financial Projections NORTHERN GENESIS II Autonomous Miles Driven (miles in millions) Miles Driven % of Total 2,374 2024E Margin 1.1% Revenue ($ in millions) 867 2024E Gross Profit ($ in millions) 584 2024E 67% Source: Embark / Northern Genesis II Management 7,432 2025E 3.3% 2,771 2025E 1,915 2025E 69% 2026+ Serviceable Mile Opportunity ~236 Billion+ Phase 2 ~174 Billion+ Miles Phase 1 ~62 Billion+ Miles Long-Term Gross Margin Target ~74% Long-Term EBITDA Margin Target 30%+ 27

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