WeWork Investor Presentation Deck

I (1) Growing base of strong, recurring cash flows as locations mature % of total locations Avg. occupancy Location contribution margin % Location contribution margin / desk (annualized) Impact of non-cash straight-line lease cost % Benefit of non-cash amortization of lease incentiv % 144 FY '17 73% 75% 4% $200 24% 7% Non- Mature Locations 288 FY '18 70% 82% 7% $352 22% 5% Represents locations that have been open for greater than 24 months. Excludes India and WeLive locations 346 1H '19 68% 78% 5% $222 21% 5% 53 FY '17 27% 88% Mature Locations (1) 79% of mature locations (89% of mature desks excluding JV's) generated positive location contribution margin 20% $1,275 4% 4% 122 FY '18 30% 90% 22% $1,434 3% 5% I 161 1H '19 32% 88% 21% $1,413 4% 5% 21

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