S&p Global Inc. · NYSE:SPGI
S&p Global — Mobility Global — Investor Day (May 2026)
116 slides from S&p Global's investor day presentation, May 12, 2026
Slide 1: Investor Day 2026
Investor Day 2026 Investor Day was held on May 12, 2026 This presentation has been updated as of June 1, 2026
Slide 2: Welcome
Welcome Tejal Engman Head of Investor Relations MOBILITY GLOBAL 2
Slide 3: Disclaimer
Disclaimer This presentation (this “Presentation”) has been prepared solely for informational purposes from information supplied by or on behalf of Mobility Global, Inc (“Mobility”) and S&P Global, Inc (“SPGI”). None of Mobility, SPGI, or any of its subsidiaries, stockholders, partners, members, aff
Slide 4: Agenda
Agenda TIME SESSION SPEAKER 08:30 – 09:30 Registration, Demos & Product Showcase 09:30 – 09:35 Welcome & Introduction Tejal Engman, Managing Director, Investor Relations 09:40 – 10:10 Strategic Vision Bill Eager, Chief Executive Officer 10:10 – 10:35 B2B Solutions Deep Dive Joe LaFeir, Presi
Slide 5: Mobility Global
MOBILITY GLOBAL 5
Slide 6: Strategic Vision
Strategic Vision Bill Eager Chief Executive Officer MOBILITY GLOBAL 6
Slide 7: Our Mission
Our Mission To provide the trusted information that helps billions of people build, sell, and own vehicles with more confidence. MOBILITY GLOBAL 7
Slide 8: Three takeaways from today
Three takeaways from today Enormous Unmatched Clear market assets opportunity MOBILITY GLOBAL 8
Slide 9: Agenda
Agenda INTRODUCTION TO MOBILITY GLOBAL CORE STRATEGIC ASSETS VISION AHEAD COMPELLING VALUE PROPOSITION MOBILITY GLOBAL 9
Slide 10: Mobility Global today: Scaled industry leader
MOBILITY: OVERVIEW Mobility Global today: Scaled industry leader TOTAL REVENUE SUBSCRIPTION REVENUE $1.75B 81% REVENUE BY SEGMENT REVENUE BY CUSTOMER TYPE REVENUE BY GEOGRAPHY 35% 20% 17% B2B Solutions OEM & Supplier International 18% Financial / Consumer / Other 65% 83% CARFAX U.S. 62% Dealer (B2B
Slide 11: Mobility Global at a glance
MOBILITY: OVERVIEW Mobility Global at a glance FY25 BUSINESS HIGHLIGHTS REVENUE GROWTH 8.5% 40.6% 40K+ 8.6% CAGR Revenue Adj. EBITDA Dealer $1,750 growth Margin Customers $1,613 $1,485 100% 94% 53M+ Top 40 Top 100 Car Care Users OEMs Suppliers 2023 2024 2025 MOBILITY GLOBAL 11
Slide 12: Accelerating industry demand for data and intelligence
MOBILITY: OVERVIEW Accelerating industry demand for data and intelligence Mobility Global is uniquely positioned to capture that demand AFFORDABILITY INCREASING REGULATION Growing RISING CONSUMER DEMAND FOR INFORMATION demand for GEOPOLITICS AND TARIFF VOLATILITY data and SUPPLY CHAIN DISRUPTION int
Slide 13: Uniquely positioned across the entire automotive ecosystem
MOBILITY: ASSETS— CUSTOMER NETWORK Uniquely positioned across the entire automotive ecosystem PLAN SHOP FINANCE SUPPLY NEW VEHICLE CONSUMER LIFECYCLE LIFECYCLE 90M SELL 1.5B+ BUY NEW VEHICLES VEHICLES ANNUALLY IN OPERATION SELL BUILD MARKET SERVICE MOBILITY GLOBAL 13
Slide 14: Creating and shaping categories for 100 years and counting
MOBILITY: OVERVIEW Creating and shaping categories for 100 years and counting CREATING MULTIPLE BUILDING A SCALED ACCELERATING THROUGH AI, CATEGORIES INDUSTRY LEADER DATA LEADERSHIP Launch of CARFAX New Launched “Show Me The Car Listings CARFAX” ad campaign Polk Polk acquisition of CARFAX IHS acquir
Slide 15: Agenda
Agenda INTRODUCTION TO MOBILITY GLOBAL CORE STRATEGIC ASSETS VISION AHEAD COMPELLING VALUE PROPOSITION MOBILITY GLOBAL 15
Slide 16: Four core strategic assets powered by AI = compounding advantage
MOBILITY: ASSETS Four core strategic assets powered by AI = compounding advantage 1. PROPRIETARY DATA ESTATE 2. TRUSTED LEADING BRANDS Vast contributing network Proprietary analytics and tools Continuous customer feedback loops Independent, trust earned over decades 4. DEEPLY EMBEDDED IN ECOSYSTEM 3
Slide 17: Deepest, most valuable proprietary data estate in automotive
MOBILITY: ASSETS — DATA Deepest, most valuable proprietary data estate in automotive >90% Revenue from unique data, proprietary IP and analytics Vast contributing Massive, Proprietary analytics and Continuous customer network of partners proprietary datasets tools feedback 177K 92K+ 60B 126M+ 215M 2
Slide 18: Our trusted, leading brands define their categories
MOBILITY: ASSETS — BRAND Our trusted, leading brands define their categories B2B Solutions CARFAX 90% of Key Decision Makers 96% believe automotive Total in-market Mastermind is Awareness “needed in their dealerships”1 85% Car Fox mascot “Show me the 100 Years CARFAX” Recognition of trusted data ste
Slide 19: Unmatched scale and reach across the automotive ecosystem
MOBILITY: ASSETS — CUSTOMER NETWORK Unmatched scale and reach across the automotive ecosystem PLAN SHOP 100% 23M+ Top 40 Global OEMs Monthly Unique Visitors to CARFAX US Website and App FINANCE SUPPLY 17 NEW VEHICLE 94% CONSUMER Of Top 20 Top 100 Global Financial Institutions LIFECYCLE Automotive LI
Slide 20: Embedded in customer decisions and workflows
MOBILITY: ASSETS — EMBEDDED Embedded in customer decisions and workflows Planning Solutions Marketing & Sales CARFAX Solutions MOBILITY GLOBAL 20
Slide 21: Agenda
Agenda INTRODUCTION TO MOBILITY GLOBAL CORE STRATEGIC ASSETS VISION AHEAD COMPELLING VALUE PROPOSITION MOBILITY GLOBAL 21
Slide 22: Our mission
Our mission To provide the trusted information that helps billions of people build, sell, and own vehicles with more confidence. MOBILITY GLOBAL 22
Slide 23: Three areas of focus
Three areas of focus Infuse AI everywhere Accelerate time-to-market and drive relentless efficiencies Unify Mobility Global Expand market position Bring together our talent, operations, Deepen core penetration, unlock new and data into one single, powerful solutions, and scale globally foundation MO
Slide 24: Unifying Mobility Global
MOBILITY: VISION — ONE MOBILITY Unifying Mobility Global Streamlined operations World-class team Commercial engine • Consolidated teams • New BoD and ELT • Shared customer view • Standardized workflows • Central AI Desk • Harmonized go-to-market • Integrated systems • ~3,500 highly talented people •
Slide 25: Infusing AI everywhere to accelerate growth and drive efficiency
MOBILITY: VISION — AI EVERYWHERE Infusing AI everywhere to accelerate growth and drive efficiency Drive Amplify data Supercharge Pioneer productivity signals core revenue AI-native solutions • Automated core workflows • Optimized data estate • AI-embedded existing solutions • Purpose-built agentic t
Slide 26: Expanding market position through three growth vectors
MOBILITY: VISION—GROWTH Expanding market position through three growth vectors Core Growth New Solutions International Deepen penetration Deploy predictive Extend our proven, and increase share of wallet intelligence highly profitable U.S. capabilities for smarter decisions Cross-sell Leverage local
Slide 27: Growth vectors unlocking a $78B TAM opportunity
MOBILITY: VISION—GROWTH PLATFORM Growth vectors unlocking a $78B TAM opportunity Already in-flight priorities address $40B core + extended TAM TAM Breakdown $78B ADJACENT Aftermarket services 2025 TAM P&C claims & repair $38B Engineering, cost solutions $40B EXTENDED Digital Ads Sell My Car CORE + E
Slide 28: Agenda
Agenda INTRODUCTION TO MOBILITY GLOBAL CORE STRATEGIC ASSETS VISION AHEAD COMPELLING VALUE PROPOSITION MOBILITY GLOBAL 28
Slide 29: A compelling investment
MOBILITY: VALUE PROPOSITION A compelling investment RIGHT TEAM AND SETUP TO EXECUTE OPERATING IN … LEADING WITH … WITH FOCUS … A massive, expanding market Category-defining data intelligence Unify Mobility Global and brands Infuse AI everywhere Expand market position Indispensable value to customers
Slide 30: Framework for investor value creation
MOBILITY: VALUE PROPOSITION Framework for investor value creation Predictable Organic Margin Compounding Dividend Consistent M&A as an Revenue Growth Expansion EBITDA Growth Distributor Capital Returns Accelerant 7.5-10% +50bps 8-11% 20-25% 75%+ Additional annually annually after Adj. EBITDA growth
Slide 31: B2B Solutions
B2B Solutions Joe LaFeir President, Mobility Business Solutions MOBILITY GLOBAL 31
Slide 32: 100 Years of Trust
100 Years of Trust Embedded in the Decisions that Matter MOBILITY GLOBAL 32
Slide 33: Agenda
Agenda INTRODUCTION TO B2B SOLUTIONS CORE STRATEGIC ASSETS KEY GROWTH DRIVERS MOBILITY GLOBAL 33
Slide 34: Diversified, resilient and subscription-led revenue
B2B: OVERVIEW Diversified, resilient and subscription-led revenue FY25 REVENUE BREAKDOWN B2B REVENUE $608M REVENUE BY TYPE REVENUE BY BUSINESS LINE REVENUE BY GEOGRAPHY 18% 26% 21% Transactional Strategy & Planning International 82% 74% 79% Subscription Marketing & Sales United States MOBILITY GLOBA
Slide 35: B2B Solutions at a glance
B2B: OVERVIEW B2B Solutions at a glance FY25 BUSINESS HIGHLIGHTS REVENUE GROWTH 100% 13B+ 4.5% Top 40 Global Transaction CAGR OEMs Records $608 $557 $574 ~ 832M 99% VINs Tracked Global Vehicle Production Covered 2023 2024 2025 MOBILITY GLOBAL 35
Slide 36: Leading positions across the new vehicle lifecycle
B2B: OVERVIEW Leading positions across the new vehicle lifecycle PLAN SHOP 100% 23M+ Top 40 Global OEMs Monthly Unique Visitors to CARFAX US Website and App FINANCE SUPPLY 17 NEW VEHICLE 94% CONSUMER Of Top 20 Top 100 Global Financial Institutions LIFECYCLE Automotive Suppliers LIFECYCLE 90M SELL 1.
Slide 37: The intelligence backbone of global automotive
B2B: OVERVIEW The intelligence backbone of global automotive Powering where the industry plans, markets and sells Planning & Strategy Marketing & Sales What will be built, sold and invested in Who is buying, what model, from whom, 5 to 15+ years out at what price – today • Every question that moves
Slide 38: Agenda
Agenda INTRODUCTION TO B2B SOLUTIONS CORE STRATEGIC ASSETS KEY GROWTH DRIVERS MOBILITY GLOBAL 38
Slide 39: Four core strategic assets, powered by AI
B2B: ASSETS Four core strategic assets, powered by AI 1. PROPRIETARY DATA ESTATE 2. TRUSTED LEADING BRANDS 832M unique vehicles tracked across the Polk industry benchmark since 1920 global parc Deep human expertise 126M US households modeled for purchase prediction 4. DEEPLY EMBEDDED IN ECOSYSTEM 3.
Slide 40: Unmatched breadth and depth of data
B2B: ASSETS—DATA Unmatched breadth and depth of data Strategy & Planning Marketing & Sales SEGMENT BREADTH OF DEPTH OF VEHICLE DATA HOUSEHOLD AND TRANSACTIONAL DATA COVERAGE COVERAGE COVERAGE CONSUMER DATA Pricing and VIN-spec Transaction Details Light vehicle 145+ 80M+ Mileage Household Demographic
Slide 41: Trusted brands and leading expertise = industry gold standard
B2B: ASSETS—BRAND Trusted brands and leading expertise = industry gold standard Industry Leading Experts Trust and engagement with key decision makers REFERENCE FOR PUBLICATIONS 145+ countries covered REFERENCE OF THE INDUSTRY — WHENEVER THEY MAKE CLAIMS globally “Winner of 2026 Loyalty “America’s b
Slide 42: Powerful network effects from a scaled data moat
B2B: ASSETS—CUSTOMER NETWORK Powerful network effects from a scaled data moat OEM Network Supplier Network 100% 100% Usage by Top Usage by Top 40 40 Global OEMs Automotive Suppliers 1. Independent View 90% 2. Industry Point of Reference 3. High Value Interactions 94% of Industry Volume 4. Bidirectio
Slide 43: Deeply embedded in the automotive ecosystem
B2B: ASSETS—EMBEDDED Deeply embedded in the automotive ecosystem Planning Selling Post-sell Cycle + Capacity Planning Sales Operations Fitments and ACES Most OEM (100% of Top 40) Most OEM 90% Dealer Groups Major Parts and aftersales players Suppliers (94% of Top 100) Market Activation Financial Inst
Slide 44: Agenda
Agenda INTRODUCTION TO B2B SOLUTIONS CORE STRATEGIC ASSETS KEY GROWTH DRIVERS MOBILITY GLOBAL 44
Slide 45: Powerful secular trends driving demand
B2B: GROWTH Powerful secular trends driving demand Affordability crisis Increase in incentives Loyalty is harder to defend Strategy & Planning Marketing & Sales OEMs + Suppliers OEMs + Dealers Cycles compressing Vehicle complexity Powertrain shifts Tariffs and supply exploding and compliance chain v
Slide 46: Serving a growing $18B TAM
B2B: GROWTH Serving a growing $18B TAM Strategy & Planning B2B Solutions TAM Marketing & Sales Engineering Dealer workflows ADJACENT Cost solutions $18B ADJACENT CDP 2025 TAM Procurement intelligence Data Studio Scenario modeling $14B Canada, Europe, Australia EXTENDED CORE + EXTENDED TAM EXTENDED F
Slide 47: Strong growth opportunities on the B2B roadmap
B2B: GROWTH Strong growth opportunities on the B2B roadmap $14B TAM IN B2B (CORE + EXTENDED)1 Core Growth New AI-Driven Products International Expansion Adoption Growth AI FAST Platform China Across OEMs, suppliers and dealers Enhance planning solutions Grow with OEMs domestically and as they intern
Slide 48: automotiveMastermind: Predicting and converting the next buyer
B2B: GROWTH—CORE EXAMPLE automotiveMastermind: Predicting and converting the next buyer automotiveMastermind AI-powered Behavior Prediction Scores WHO 56k+ is in market? Sales professionals depend on automotive Mastermind1 WHEN will they purchase? 53 10% Increase in customer loyalty2 WHAT vehicle do
Slide 49: FAST: Conquering planning complexity with AI
B2B: GROWTH—NEW SOLUTIONS EXAMPLE FAST: Conquering planning complexity with AI 85K+ FAST Vehicle Variants Assessed AI-powered Forecasting and Extremely manual Seamlessly Simulation Tool 80% workflows Time Savings Slow planning cycles $100k+ Customer productivity gain per Disconnected planner per yea
Slide 50: Data Studio: Turning data misalignment into opportunity
B2B: GROWTH—NEW SOLUTIONS EXAMPLE Data Studio: Turning data misalignment into opportunity Data Studio unites users and data in a secure Tierless environment, delivering Complex Relationships AI-ready data services, robust analytics, and audience activation Aligned Processes ENTERPRISE PLATFORM WITH
Slide 51: B2B: Industry leadership and accelerating growth with AI
B2B: SUMMARY B2B: Industry leadership and accelerating growth with AI Proven Financial Model Trusted by Sector Leaders $600M+ Revenue 100% Usage by Top 40 OEMs 82% Subscription Revenue 94% Usage by Top 100 Suppliers Embedded in all top suppliers, OEMs and dealers enables growing module attach Accele
Slide 52: Break
BREAK MOBILITY GLOBAL 52
Slide 53: Mobility Global
~—,» Mobilit ro Global” MOBILITY GLOBAL
Slide 54: CARFAX
CARFAX Scott Fredericks President, CARFAX MOBILITY GLOBAL 54
Slide 55: People have questions at every stage of the Consumer Lifecycle
People have questions at every stage of the Consumer Lifecycle. CARFAX has answers they trust. SHOP BUY Which cars are a What's this car's good deal? history? SERVICE SELL What’s about Am I leaving money on to break? the table? MOBILITY GLOBAL 55
Slide 56: Agenda
Agenda INTRODUCTION TO CARFAX CORE STRATEGIC ASSETS KEY GROWTH DRIVERS MOBILITY GLOBAL 56
Slide 57: Diversified, resilient and subscription-led revenue
CARFAX: OVERVIEW Diversified, resilient and subscription-led revenue FY25 REVENUE BREAKDOWN1 CARFAX REVENUE $1,142M REVENUE BY TYPE REVENUE BY PRODUCT & INTERNATIONAL REVENUE BY GEOGRAPHY 19% 38% 15% Transactional Advantage International 26% Financial / Consumer / Other 81% 85% Subscription 22% Unit
Slide 58: CARFAX at a glance
CARFAX: OVERVIEW CARFAX at a glance FY25 BUSINESS HIGHLIGHTS REVENUE GROWTH 96% 38B+ ~11% Total in-market Vehicle history CAGR $1,142 awareness records $1,039 $928 40K+ 53M+ Dealer Car Care customers customers 2023 2024 2025 MOBILITY GLOBAL 58
Slide 59: Leading positions across the consumer lifecycle
CARFAX: OVERVIEW Leading positions across the consumer lifecycle PLAN SHOP 100% 23M+ Top 40 Global OEMS Monthly Unique Visitors to CARFAX US Website and App FINANCE SUPPLY 17 NEW VEHICLE 94% CONSUMER Of Top 20 Top 100 Global Financial Institutions LIFECYCLE Automotive Suppliers LIFECYCLE 90M SELL 1.
Slide 60: Core strategic assets powering continuous product innovation
CARFAX: OVERVIEW Core strategic assets powering continuous product innovation + New Solutions Showroom Listings International opportunities to expand in Canada, Europe and Service Marketing beyond Coordination Car Care 2019 launch Predictive Reliability Car Listings ‘Sell My Car’ 2014 launch Vehicle
Slide 61: Agenda
Agenda INTRODUCTION TO CARFAX CORE STRATEGIC ASSETS KEY GROWTH DRIVERS MOBILITY GLOBAL 61
Slide 62: Four core strategic assets, powered by AI
CARFAX: ASSETS Four core strategic assets, powered by AI 1. PROPRIETARY DATA ESTATE 2. TRUSTED LEADING BRANDS 38B vehicle history records 96% total in-market awareness 85% mascot recognition 177K+ data sources Unrivaled data + a self-reinforcing network 4. DEEPLY EMBEDDED IN ECOSYSTEM 3. UNMATCHED C
Slide 63: Unique data and proprietary IP built over forty years
CARFAX: ASSETS—DATA Unique data and proprietary IP built over forty years VH Records 38B DRIVE TO INCREASE TRANSPARENCY 33B 38+ BILLION Vehicle History Records >90% 26B 177,000+ Data Sources Revenue from unique 92,000+ Service Shops data, proprietary 23B IP and analytics 6,300+ Police Agencies 21B 1
Slide 64: A self-reinforcing network built over decades
CARFAX: ASSETS—DATA A self-reinforcing network built over decades Every participant contributes data. Every participant gets value in return. CARFAX POLICE & GOVT. AGENCIES Data Estate DEALERS & SERVICE SHOPS 6.3K agencies 92K+ partners 177K+ Contribute service history. Contribute accident data. Sou
Slide 65: Trusted, iconic brand with unmatched reach
CARFAX: ASSETS—BRAND Trusted, iconic brand with unmatched reach 96% TOTAL IN-MARKET 85% “CAR FOX” MASCOT 53M+ CAR CARE #1 MOST VISITED ~ 54M SEMRUSH AWARENESS RECOGNITION AUDIENCE AUTOMOTIVE REPORTED VISITS1 WEBSITE (US)1 1 1. SEMRUSH, AS OF FEBRUARY 2026 MOBILITY GLOBAL 65
Slide 66: Deeply embedded in customer workflows
CARFAX: ASSETS—CUSTOMER NETWORK Deeply embedded in customer workflows 95 workflow tool integrations. 140+ marketing partners. Embedded across the automotive ecosystem Dealer: 95 Integrations Financial: 17 of Top 20 Integrations OEM CPO: 36 Integrations CARFAX INTERNAL PARTNER DATA AS OF APRIL 2026.
Slide 67: Show me the CARFAX
CARFAX: ASSETS—EMBEDDED “Show me the CARFAX” CARFAX => Transparency => Confidence = More transactions “Show me Show them the the CARFAX! Consumers Pull CARFAX!" Dealers Push to provide CARFAX from dealers CARFAX to consumers Acquire the right cars consumers want Find right car at right price Build c
Slide 68: CARFAX delivers proven value
CARFAX: ASSETS CARFAX delivers proven value Dealers Financial Institutions Consumers 29% More service visits ~50% Loan default risk reduction 92% VHR CSAT 39% More loyal customers Faster Fraud Detection Avoid costly hidden problems ~9% Faster inventory turn1 More accurate loan underwriting Maximize
Slide 69: Agenda
Agenda INTRODUCTION TO CARFAX CORE STRATEGIC ASSETS KEY GROWTH DRIVERS MOBILITY GLOBAL 69
Slide 70: Secular trends make CARFAX more essential
CARFAX: GROWTH Secular trends make CARFAX more essential Rising New and Used Vehicle Prices1 Vehicles are staying on the road for longer1 US Average Vehicle Age (years) NEW CAR $53,192 10.0 10.7 11.2 12.0 12.5 USED CAR $28,377 2010 2015 2020 2025 2030 $ 12YRS Both at or near all-time highs All-Time
Slide 71: Serving a growing $60B TAM
CARFAX: GROWTH Serving a growing $60B TAM TAM Breakdown $60B ADJACENT Aftermarket services 2025 TAM P&C claims & repair $34B Shop management F&I marketing $26B EXTENDED Digital Ads Sell My Car CORE + EXTENDED TAM $18B Internationalization $8B CORE TAM CORE Vehicle History Car Listings $8B Car Care 1
Slide 72: Key growth vectors
CARFAX: GROWTH Key growth vectors $26B TAM (Core & Extended)1 Core Growth New Solutions International Expansion Higher adoption and retention Service Marketing Coordination Canada Across all solutions Dealers reduce wasted Continue to roll out CARFAX solutions marketing spend including Car Care Valu
Slide 73: Lifetime Dealer Program: Increasing customer LTV
CARFAX: GROWTH—CORE EXAMPLE Lifetime Dealer Program: Increasing customer LTV Solving CAR LISTINGS Driving Low Service 1,600 SHOP 19ppt 19ppt1 Dealers sign ups LiftininReturn Returnfor forService in Retention since Q4'25 Lift Service Year 1 in Year 1 Lack of quality used inventory 293 293 Monthly Mon
Slide 74: Expanding from vehicle history to reliability
CARFAX: GROWTH—CORE EXAMPLE Expanding from vehicle history to reliability MOBILITY GLOBAL 74
Slide 75: The international opportunity: Massive whitespace
CARFAX: GROWTH—INTERNATIONAL EXAMPLE The international opportunity: Massive whitespace FY25 Vehicles in Operation by Region1 CANADA ~28M US EMEA APAC ~292M ~506M ~612M 1. MOBILITY GLOBAL INTERNATIONAL MARKET REPORTING (IMR) DATA MOBILITY GLOBAL 75
Slide 76: CARFAX: Built Over 40 Years. Just Getting Started.
CARFAX: SUMMARY CARFAX: Built Over 40 Years. Just Getting Started. Proven Financial Model Key Differentiators $1B+ Revenue 96% Total in-market awareness 81% Subscription Revenue 38B+ Vehicle history records 40K+ Dealer customers 53M+ Car Care Customers International Expansion Core + New Solutions In
Slide 77: Data, Technology & AI
Data, Technology & AI Jeremy Morehouse Head of AI Office MOBILITY GLOBAL 77
Slide 78: Ever increasing customer need for data
DATA/TECH/AI: OVERVIEW Ever increasing customer need for data Consumers Dealers LLM-based search to find affordable vehicles Intelligent solutions that convert leads more without surprises … AI is exploding quickly and drive margin … demand OEM/Suppliers for our data F&I Technology that enables smar
Slide 79: Bringing intelligent data to customers
DATA/TECH/AI: OVERVIEW Bringing intelligent data to customers Unique proprietary data Our advantage • 177K+ contributory sources • VIN-level, precise and current • Not in public domain • 40+ years longitudinal history • Predictive power from breadth MOBILITY GLOBAL 79
Slide 80: Leading AI capabilities built over nearly a decade... and just getting started
DATA/TECH/AI: OVERVIEW Leading AI capabilities built over nearly a decade... and just getting started AI Consumer Market Predictions Personalized Recommendations Advanced NLP Decoding VHR Video Over 100 dedicated data scientists MCP Listings AI-ready data sets Enhanced and AI experts Spark Plug laun
Slide 81: Four AI engines driving growth and productivity
DATA/TECH/AI: AI ENGINES Four AI engines driving growth and productivity Our capabilities are growing exponentially with AI 4 3 New Growth 1 2 Core Product Opportunities AI-native products with predictive insights, agentic Supercharge monetization Data Amplification AI embedded in all core Productiv
Slide 82: AI-based productivity scaling operating leverage
DATA/TECH/AI: AI ENGINES—PRODUCTIVITY AI-based productivity scaling operating leverage Examples of recent and continuing enhancements 84% 10-15% Customer Ops Efficiency Engineering & Ops In production • AI resolves most inbound chats/emails • Accelerated engineering velocity across our at scale • Hu
Slide 83: Extracting more signal for customers via AI
DATA/TECH/AI: AI ENGINES—AMPLIFICATION Extracting more signal for customers via AI Example: AI Car Fox delivering enriched, accurate and up-to-date reports Data amplification enabled Ingest Enrich / Decode AI Car Fox Raw Records NLP / DocAI / Image / etc. AI real-time rendering Lineage / drift / gap
Slide 84: Supercharging products with compounding intelligence
DATA/TECH/AI: AI ENGINES—PRODUCT SUPERCHARGE Supercharging products with compounding intelligence Example: Market Response Model simulates incentive spend scenarios for OEMs Core Product Supercharge Ingest Enrich / Decode Models Market Response Model Raw Records NLP / DocAI / Image / etc. Forecasts,
Slide 85: Unlocking new agentic growth modes via AI
DATA/TECH/AI: AI ENGINES—NEW GROWTH Unlocking new agentic growth modes via AI Example: Agent-powered Dealer Valuation Engine New Growth Opportunities Ingest Enrich / Decode Models Agents Internal agents as a Raw Records NLP / DocAI / Image / etc. Forecasts, Guardrails / eval / SLA data product disco
Slide 86: Unified enterprise AI Data Fabric accelerating value creation
DATA/TECH/AI: AI ENGINES Unified enterprise AI Data Fabric accelerating value creation Powering our growth and profitability engines Connected data Data fabric layer Unified AI-ready across assets (top 5 components) platform Outcomes CARFAX CARFAX • Supercharged signals US Canada Active metadata int
Slide 87: Accelerating growth and efficiency through AI
DATA/TECH/AI: SUMMARY Accelerating growth and efficiency through AI AI is driving We have an irreplicable 01 demand for 02 proprietary data moat decision-grade data Intelligent 03 Proven AI at scale 04 Data Engine Four AI engines for 05 growth + leverage 06 Ready for agentic AI MOBILITY GLOBAL 87
Slide 88: Financial Framework
Financial Framework Matt Calderone Chief Financial Officer MOBILITY GLOBAL 88
Slide 89: Mobility Global financial highlights
Mobility Global financial highlights 1. Resilient, compounding growth engine 2. High-margin, scalable business model 3. Strong balance sheet and cash flow generation 4. Disciplined approach to capital deployment 5. Compelling investor value proposition 6. On track for mid-2026 public-company launch
Slide 90: An organic growth engine – continuing to compound in 2026
1. RESILIENT, COMPOUNDING GROWTH ENGINE An organic growth engine – continuing to compound in 2026 ($ IN MILLIONS) Revenue Organic Growth 8.6% 8.5% 7.5-9% • Consistent, above-market organic growth across (%) $ 1,750 industry cycles $ 1,613 $ 1,485 • >80% subscription-based revenue provides stability,
Slide 91: Track-record of consistent, above-market growth
1. RESILIENT, COMPOUNDING GROWTH ENGINE Track-record of consistent, above-market growth Mobility Organic Growth(2) 10% 11% 14% 11% 10% (2%) 18% 10% 9% 9% 9% Industry Growth(3) 6% 0% (2%) 1% (1%) (15%) 4% (8%) 13% 2% 2% 1,750 1,613 REVENUE ($MM)(1) 1,485 1,351 1,247 1,074 1,052 979 836 719 529 585 20
Slide 92: Subscription-based model provides revenue predictability
1. RESILIENT, COMPOUNDING GROWTH ENGINE Subscription-based model provides revenue predictability • CARFAX subscriptions sold across 40K+ dealers and other end-customers • B2B solutions anchored by long-standing OEM and dealer enterprise agreements with 81% 19% subscription-based contract terms • Ant
Slide 93: Business is increasingly diversified
1. RESILIENT, COMPOUNDING GROWTH ENGINE Business is increasingly diversified TOTAL REVENUE INTERNATIONAL REVENUE $1.75B 17% REVENUE BY BUSINESS LINE REVENUE BY CUSTOMER TYPE 9% 25% 20% B2B Planning CARFAX Advantage OEM & Supplier 26% 17% 18% B2B CARFAX Financial Financial / Consumer / Marketing & Sa
Slide 94: High-margin business with upside potential
2. HIGH-MARGIN, SCALABLE BUSINESS MODEL High-margin business with upside potential Adj. EBITDA1 Margin (%) 40.3% 40.8% 40.6% • High value solutions with strong unit economics—across core offerings $ 711 $ 658 • Capacity to self-fund growth investments— $ 598 through scale, efficiency, operating leve
Slide 95: Strategic assets yield structural economic advantages
2. HIGH-MARGIN, SCALABLE BUSINESS MODEL Strategic assets yield structural economic advantages 1. PROPRIETARY DATA ESTATE 2. TRUSTED LEADING BRANDS Contributory network = lower data acquisition Brand = significant value for dealers costs Lower marginal cost of customer acquisition Established, AI-rea
Slide 96: Near-term investment in building standalone public company, followed by ~50bps annual margin expansion target
2. HIGH-MARGIN, SCALABLE BUSINESS MODEL Near-term investment in building standalone public company, followed by ~50bps annual margin expansion target Building Standalone Foundation… … and Driving Margin Expansion • Expected incremental ~$20-25M in run-rate costs to • Higher-value products built from
Slide 97: Solid Free Cash Flow generation and conversion
3. STRONG BALANCE SHEET, CF GENERATION Solid Free Cash Flow 1 generation and conversion ($ IN MILLIONS) Margin2 25.3% 25.5% 26.3% Capex 1.2% 0.9% 1.4% • Expect one-time stand-up / transition (% of Rev.) cost3 of ~$75-100M over 12-18 months $ 461 • Medium-term effective tax rate of $ 412 25-27%, lowe
Slide 98: Strong Balance Sheet and efficient capital structure
3. STRONG BALANCE SHEET, CF GENERATION Strong Balance Sheet and efficient capital structure Anticipated Starting ~$2B $500M Capital Structure Senior Unsecured Notes expected to be Revolving Credit Facility issued prior to launch in place Target Starting Cash ~$1.9B1 ~$200M1 One-Time Cash Payment Cas
Slide 99: Shareholder-friendly capital allocation framework
4. DISCIPLINED APPROACH TO CAPITAL ALLOCATION Shareholder-friendly capital allocation framework Organic Dividends Share Repurchases M&A Investment In AI-powered solutions Payout ratio of Disciplined approach; Tuck-ins to accelerate to support incremental 20-25% of Net Income beginning in 2027 organi
Slide 100: Targeting 7.5-10% medium-term annual organic revenue growth
5. INVESTOR VALUE PROPOSITION Targeting 7.5-10% medium-term annual organic revenue growth Core: (Value + Volume) New Solutions International Expansion • Higher adoption & retention • Service Marketing • Europe and Canada CARFAX • Capture full value • Sell my Car • Upsell • Showroom Listings • Master
Slide 101: Framework for investor value creation
5. INVESTOR VALUE PROPOSITION Framework for investor value creation Predictable Organic Margin Compounding Dividend Consistent M&A as an Revenue Growth Expansion EBITDA Growth Distributor Capital Returns Accelerant 7.5-10% +50bps 8-11% 20-25% 75%+ Additional annually annually after Adj. EBITDA growt
Slide 102: On-track for mid-2026 public company launch
6. LAUNCH TIMELINE / MILESTONES On-track for mid-2026 public company launch OCT JAN APR MAY MAY MAY 12 Initial Form Leadership Meetings with Revolving Form 10 Investor 10 Filing announced Rating Agencies Credit Facility Public Flip and Day Board Announcement MOBILITY GLOBAL 102
Slide 103: Q&A Session
Q&A Session Bill Eager Chief Executive Officer Matt Calderone Chief Financial Officer Scott Fredericks President, CARFAX Joe LaFeir President, Mobility Business Solutions MOBILITY GLOBAL 103
Slide 104: Experienced leadership team
Experienced leadership team Decades of industry and public company experience Bill Eager Matt Calderone Scott Fredericks Joe Lafeir Chief Executive Chief Financial President President Officer Officer CARFAX Mobility Business Solutions Tasha Matharu Martin Metzker Larissa Cerqueira Joedy Lenz Chief L
Slide 105: Key Takeaways
Key Takeaways Bill Eager Chief Executive Officer MOBILITY GLOBAL 105
Slide 106: Recap: Three takeaways from today
Recap: Three takeaways from today Enormous Unmatched Clear market assets opportunity MOBILITY GLOBAL 106
Slide 107: Appendix
Appendix MOBILITY GLOBAL 107
Slide 108: Free Cash Flow generation & conversion
Free Cash Flow generation & conversion 2023 2024 2025 ($ IN MILLIONS) Adj. EBITDA $598 $658 $711 (-) One-Time Adjustments (30) (23) (40) Free Cash Flow Margin 25.3% 25.5% 26.3% (-) Interest, Net (17) (14) (13) (-) Provision for Income Taxes (61) (76) (106) Capex 1.2% 0.9% 1.4% (+) Prov. for Losses
Slide 109: Bridge from 2025A net income to Adjusted EBITDA
Bridge from 2025A net income to Adjusted EBITDA ($ IN MILLIONS) $ 21 $ 20 $2 $ 711 $ 22 $(3) $ 310 $ 106 $ 220 $ 13 Net Interest, Provision D&A SBC Transaction Severance Legal Other 1 Adj. EBITDA 2 Income Net for Income Costs Charges Settlement Taxes Recovery 1. OTHER PRIMARILY INCLUDES A STATUTORY
Slide 110: Non-GAAP Financial Measure Definitions
Non-GAAP Financial Measure Definitions TERM DEFINITION Adjusted EBITDA is defined as our U.S. GAAP net income adjusted to exclude (1) interest, (2) provisions for taxes on income, (3) depreciation and amortization, (4) stock-based compensation, (5) transaction costs associated with the stand-up of t
Slide 111: Historical financials summary 2023 - 2025
Historical financials summary 2023 - 2025 ($ IN MILLIONS) FY23A FY24A FY25A Total Revenue 1,485 1,613 1,750 % Growth 8.6% 8.5% (-) Expenses and allocations (939) (1,005) (1,101) % of Revenue 63.2% 62.3% 62.9% EBITDA 546 608 649 % Margin 36.8% 37.7% 37.1% (+) Stock Based Compensation (SBC) 20 28 22 (
Slide 112: Historical financials summary Q1 2025 - Q1 2026
Historical financials summary Q1 2025 - Q1 2026 ($ IN MILLIONS) Q125A Q225A Q325A Q425A Q126A Total Revenue 420 439 445 445 455 (-) Expenses and allocations (259) (266) (263) (313) (296) % of Revenue 61.5% 60.5% 59.1% 70.3% 65.1% EBITDA 162 173 182 132 159 % Margin 38.5% 39.5% 40.9% 29.7% 34.9% (+)
Slide 113: Reconciliation of non-GAAP financial measures 2023 - 2025
Reconciliation of non-GAAP financial measures 2023 - 2025 ($ IN MILLIONS) FY23A FY24A FY25A Net income 163 208 220 Interest, net 17 15 13 Provision for taxes on income 61 76 106 Depreciation and amortization 307 309 310 Stock-based compensation 20 28 22 Transaction costs - - 21 Employee severance ch
Slide 114: Reconciliation of non-GAAP financial measures Q1 2025 - Q1 2026
Reconciliation of non-GAAP financial measures Q1 2025 - Q1 2026 ($ IN MILLIONS) Q125A Q225A Q325A Q425A Q126A Net income 58 65 72 25 55 Interest, net 3 3 3 3 3 Provision for taxes on income 23 27 29 27 23 Depreciation and amortization 78 78 78 78 78 Stock-based compensation 5 4 6 6 4 Transaction cos
Slide 115: Reconciliation of non-GAAP financial measures
Reconciliation of non-GAAP financial measures ($ IN MILLIONS) 03/31/2026 Debt 2,000 Less cash and cash equivalents (150) Net debt 1,850 LTM 03/31/26 Adj. EBITDA 724 Gross Leverage Ratio 2.8 Net Leverage Ratio 2.6 MOBILITY GLOBAL 115
Slide 116: Mobility Global
Mobility Global