Opendoor SPAC Presentation Deck

COVID-19: Systems built to react quickly to changing market conditions Paused offers First offers sent (#) Note: 15,192 Feb-20 7,362 Mar-20 Apr-20 Adjusted Gross Margin is a non-GAAP metric, see reconciliation in Appendix Inventory ($M) De-risked balance sheet $1,019 Feb-20 $172 Jul-20 Adjusted Gross Margin (%) Maintained margins 5.6% 4Q19 7.1% 1Q20 6.9% 2Q20 61

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