Slide 1: 4th Quarter and FY 2022 Business Update
© Wejo Ltd. 4th Quarter and FY 2022 Business Update April 2023 1
Slide 2: Disclaimer (1/2)
© Wejo Ltd. Disclaimer (1/2) 2 Disclaimer This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between TKB Critical Technologies 1 (“TKB”)
Slide 3: Use of Projections
© Wejo Ltd. Use of Projections The financial and operating forecasts and projections of Wejo contained in this Presentation represent certain estimates of Wejo as of the date thereof. Wejo’s independent public accountants have not examined, reviewed or compiled the forecasts or projections and, acco
Slide 4: Please review our Form 10-K and Earnings Call Replay
© Wejo Ltd. Please review our Form 10-K and Earnings Call Replay for more information, which are available on our website 4
Slide 5: Wejo Business Update
C O N N E C T E D V E H I C L E D A T A I N S I G H T S Wejo Business Update
Slide 6: Great progress towards $100 million financing
© Wejo Ltd. 6 $20 million PIPE investment from new strategic partner1 $57 million Retained in TKB’s Trust2 Great progress towards $100 million Gaining a new strategic partner as an anchor investor reflects confidence in Wejo’s ability to accelerate the business Financing 1. This is a non-binding LOI
Slide 7: 2022 Operational Accomplishments
© Wejo Ltd. 7 Increased customer base Ventured into new markets Improved our platform capabilities Delivered Strong KPIs While lowering our cost base 2022 Operational Accomplishments
Slide 8: Customer and Market Expansion
© Wejo Ltd. Customer and Market Expansion Expansion into the public sector where we landed several DOT customers Moved into the insurance market with relationships with Ford and Sompo Launched RTTI that delivers valuable road traffic insights in real time Expanded our EV Intelligence Platform with P
Slide 9: Positioned to Deliver in 2023
© Wejo Ltd. Positioned to Deliver in 2023 Already booked $10M rolling 4 quarter backlog, resulting in 30- 40% of our revenue guidance Current pipeline makes up an additional 30-40% of our revenue guidance Entered into non-binding LOI for $20 million from anchor strategic investor* On track to close
Slide 10: Financials & Key Performance Indicators (KPIs)
C O N N E C T E D V E H I C L E D A T A I N S I G H T S Financials & Key Performance Indicators (KPIs)
Slide 11: Strong Performance Through Q3 Fuels Accelerated Growth Profile
© Wejo Ltd. Strong Performance Through Q3 Fuels Accelerated Growth Profile Gross Bookings ($M) 11 Next 4Q Backlog Runoff ($) Financial Metrics are as of December 31, 2022 YTD numbers may not add up due to rounding Net Revenue ($M) Annual Recurring Revenue ($M) 2021 YTD 2022 YTD % Q1 0.31 0.57 +84% Q
Slide 12: Target Operating Model at Scale
© Wejo Ltd. Target Operating Model at Scale $8.4M $20M-30M $200M 2022 Actuals 2023 Guidance 2 - 3+ Years Net Revenue $(97)M $(45)M-(55)M $25M-50M 2022 Actuals 2023 Guidance 2 - 3+ Years Adjusted EBITDA 12 Gross margins will expand as Wejo scales driving profitability ‘22 turns positive, significant
Slide 13: Wejo Historic and Forecasted Financials
© Wejo Ltd. Wejo Historic and Forecasted Financials Net Revenue Forecast ($M) $(68) $(97) $(45)-(55) $0-10 $32 $124 2021A 2022A 2023E 2024E 2025E 2026E Adjusted EBITDA Forecast ($M) Historical Annual Recurring Revenue ($M) $3.1 $3.1 $4.6 $5.3 $7.3 $8.2 $8.3 $9.7 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 20