Northern Genesis Acquisition Corp. II
Northern Genesis Acquisition Corp. II — SPAC Merger (October 2021)
11 slides from Northern Genesis Acquisition Corp. II's SPAC merger presentation, Oct 19, 2021
Slide 1: The Transition from NGAB to EMBK: Embark's Near-Term Investor Value Proposition
|) emBarK The Transition from NGAB to EMBK: Embark’s Near-Term Investor Value Proposition October 19, 2021
Slide 2: Disclaimer and Forward-Looking Statements
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Slide 3: Summary of Key Considerations
Summary of Key Considerations Embark is a compelling public market story in next-gen mobility — a high-quality business with disruptive technology partnering with an established SPAC franchise in Northern Genesis Acquisition Corp. Il (NGAB) + Unmatched pedigree with high quality existing investors +
Slide 4: Many SPAC Mergers Trade Up Post-Close
Many SPAC Mergers Trade Up Post-Close Trading Performance of Recent SPAC Mergers) win nn nnn nnn nnn nnn nnn ee een top quartile performing SPACs?) * High Quality De-SPAC’s, or SPACs in the top quartile of trading performance, have demonstrated significant share price gains upon closing 29% ° Next g
Slide 5: Embark is a High-Quality De-SPAC
Embark is a High-Quality De-SPAC Large PIPE Providing ¥] Embark’s $200 million PIPE size is 33% larger than the median size of successful SPAC PIPEs Ample Liquidity that have been raised since Embark’s transaction announcement ¥ | Support from experienced SPAC sponsor in Northern Genesis Acquisition
Slide 6: Embark Has Significant Customer Momentum
Embark Has Significant Customer Momentum Embark Opens Reservations to Partner Development Program Carriers Ahead of 2024 Commercial Launch, Securing 14,200 Reservations Erna Kee Bier encated Carinersia purest Detailed Network Assessment (¥] Reservation program announced this month *+ Embark and its
Slide 7: Embark Is Delivering on its Previously Announced Initiatives
Embark Is Delivering on its Previously Announced Initiatives 4 5 Expand Coverage Secure Partner re a. Develop Manufacturing Partnerships to Cs ‘3 Key Initiatives Identified in June 2021 7 Map Through Real Development i Enable Embark Universal Interface (EUI) as Investor Presentation: iS Estate Progr
Slide 8: Embark Day Has Further Substantiated Embark's Positioning
Embark Day Has Further Substantiated Embark’s Positioning What Was Embark Day? Increased Trai g Volume Post Embark Day * Embark Day was Embark’s first official analyst day with participants from the investor, analyst, media and industry communities * Embark offered the opportunity to meet more of th
Slide 9: Equity Research and the Media Are Taking Notice of Embark
Equity Research and the Media Are Taking Notice of Embark Favorable Views of Embark in Recent Research Coverage V¥] Embark has displayed a wide range of capabilities in demos, inspiring optimism about the progress of autonomous trucking ¥| Embark’s autonomous driver handles like an experienced human
Slide 10: Embark Offers Potential For Near-Term Appreciation
Embark Offers Potential For Near-Term Appreciation... Embark is Priced for Growth With Current Discount to Peers 2025E Expected Revenue (Market Capitalization, $US billions) $2,771 wee Embark Represents 60% Discount to Aurora $13,0bn"" Embark Represents 39% $123” Discount to TuSimple co Wemsarx Bsim
Slide 11: Embark believes it has been successfully delivering on its milestones
Embark believes it has been successfully delivering on its milestones and has significant momentum today that should drive shareholder value upon transaction close Embark expects to perform well in the near- to medium-term as Embark’s superior business model and technological capabilities are fully
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