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Cazoo SPAC Presentation Deck

Robust unit economics drive operational leverage Gross Profit (£m] Margin Total Europe UK 1 000 [2%] n/a (2%) [3] 2020E 000 6% n.m.(¹) 6% 44 42 2021F 3 (1) 8% 1% 9% 159 155 2022F 4 10% 4% 12% 401 42 359 2023F 000 13% 15% 746 162 583 2024F FY21-24 CAGR 156% 289% 141% (50%) 2020E EBITDA margin [%] UK profitable by 2023 [20%)] 2021F [7%] 2022F [1%) 2023F 3% 2024F UK Europe Note: 2020 financial information and data is unaudited, based on draft statutory accounts, and subject to change. Forward-looking projections are for illustrative purposes and should not be relied upon as being necessarily indicative of future results. [1] GP margin not representative as all of Europe 2021E gross profit is from subscription; Europe retail roll out to begin at start 2022. Metrics that are considered non-IFRS financial measures such as EBITDA margin are presented on a non-IFRS basis without reconciliations of such forward-looking non-IFRS measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. CAZOO Investor Presentation - March 2021 32

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