Porch Group, Inc. · NASDAQ:PRCH

Porch — Merger or Acquisition (October 2021)

20 slides from Porch's merger presentation, Oct 27, 2021

1. Slide 1: Love your home. M&A and Investor Update Presentation

   Love your home. For moving and improving and everything in between. M&A and Investor Update Presentation October 27, 2021 Copyright 2021 Porch.com. All rights reserved

2. Slide 2: Presenters

   Presenters Matt Ehrlichman Marty CEO & Founder, Heimbigner Porch Group CFO, Porch Group Joshua Steffan VP and Group GM, Inspection and Real Estate Copyright 2021 Porch.com. All rights reserved 2

3. Slide 3: Disclaimers

   DISCLAIMERS Forward-Looking Statements Certain statements in this presentation may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to futur

4. Slide 4: Business Update

   Business Update Copyright 2021 Porch.com. All rights reserved 4

5. Slide 5: Porch Unlocks Mortgage Industry With Acquisition of Floify

   Porch Unlocks Mortgage Industry With Acquisition of Floify Mortgage and Loan Officer Earliest Access to Homebuyers Recurring Revenue Model Point of Sale Software Within Porch Ecosystem With Strong SaaS KPIs Copyright 2021 Porch.com. All rights reserved 5

6. Slide 6: Porch, the Vertical Software Platform for the Home

   Porch, the Vertical Software Platform for the Home Vertical Software Insurance (SaaS + Transaction) (Carrier, Agency & Warranty) Copyright 2021 Porch.com. All rights reserved 6

7. Slide 7: Porch is a Leading Software Provider in Key Home Verticals

   Porch is a Leading Software Provider in Key Home Verticals #1 Inspector ERP / CRM(1) #1 transaction management software for title companies(1) #1 Moving Labor + Full Service(1) A Leading Mortgage Automation and Point-of-Sale Solution(1) (1) Based on Porch management estimates of relative market shar

8. Slide 8: Porch Has Early Access to High-Intent Homebuyers

   Porch Has Early Access to High-Intent Homebuyers Everyone else Porch knows homebuyers Major move-related purchase Customer info becomes are moving ~6 weeks before the decisions​ begin to be made public (available to everyone else) move due to unique early access​ via USPS Mortgage Title file Engages

9. Slide 9: Floify Deep Dive

   Floify Deep Dive Copyright 2021 Porch.com. All rights reserved 9

10. Slide 10: Floify Dramatically Streamlines the Mortgage Process for Borrowers

    Floify Dramatically Streamlines the Mortgage Process for Borrowers Easy data inputs Checklist Improved consumer mortgage experience eSign Copyright 2021 Porch.com. All rights reserved 10

11. Slide 11: Floify Makes Mortgage Companies and Loan Officers More Efficient

    Floify Makes Mortgage Companies and Loan Officers More Efficient Sales tracker Loan officer point-of-sale software Borrower disclosure management Copyright 2021 Porch.com. All rights reserved 11

12. Slide 12: Floify by the Numbers

    Floify by the Numbers Exceptional SaaS Metrics ~100% 10.5x 130% 143% Q2-21 Net Revenue Q2-21 Large(2) Recurring Revenue 1H-21 LTV / CAC(1) Retention (NRR) Customer NRR Efficient and Rapid Growth 71% $10M $15M $0M Q2-21E YoY ARR September '21 2022 Revenue Outside Growth ARR (Expected) Capital Raised

13. Slide 13: Floify's Strong Track Record of Growth and Profitability

    Floify’s Strong Track Record of Growth and Profitability Summary Financials ($M) Revenue EBITDA $15.0 $10.0 $6.1 $4.1 $3.0 $1.5 $1.0 $0.0 $0.0 $0.1 2018 2019 2020 2021E 2022E 1) Per company financials and management estimates Copyright 2021 Porch.com. All rights reserved 13

14. Slide 14: Significant Growth Levers to Support Strong Historical ARR growth

    Significant Growth Levers to Support Strong Historical ARR growth Launch Transaction Expand S&M Launch Additional Expand POS Monetization Operations Modules Functionality Introduce homebuyers Increase S&M spend Expand Floify+ Rollout of recently utilizing Floify to Porch’s launched mobile app Insura

15. Slide 15: Floify Helps Companies Operate More Effectively

    Floify Helps Companies Operate More Effectively(1) “If you want to be a better 79% 91% loan officer or if you want your customers and your Loan Officers Reported Closing Reported Reduced Loans 1-10 Days Faster Workload referral partners to perceive you to be a well-organized, efficient loan officer,

16. Slide 16: Floify Has a Large Total Available Market

    Floify Has a Large Total Available Market Industry Loan officers(1) Monthly applications(2) TAM(3) $1BN+ ~184K ~1.7M ~10K ~77K $15M 1) Floify count as of July, 2021; Industry data from Conference of State Bank Supervisors 2020 MLO Report 2) Floify represents average number of completed loan applicat

17. Slide 17: Floify Offers an Attractive Entrance to the Mortgage Space

    Floify Offers an Attractive Entrance to the Mortgage Space Transaction Summary • Definitive Agreements signed: October 27, 2021 • Total closing consideration of $86.5M represents ~5.75X 2022 estimated $15M revenue • Consideration includes: • $76.5M of cash at closing • $10M in Porch stock at closing

18. Slide 18: Closing

    Closing Copyright 2021 Porch.com. All rights reserved

19. Slide 19: Porch Group Investment Highlights

    Porch Group Investment Highlights 1 1. Vertical software leader to key home service companies with low churn and high NPS 2 2. Large and ideal consumer audience provided via software companies, with low acquisition costs 3 3. Unique, substantial, and valuable property data 4 4. Large insurance opera

20. Slide 20: Thank you

    Thank you Copyright 2021 Porch.com. All rights reserved

Porch Group — Merger or Acquisition (October 2021) on 6ix