Q4 2022 Investor Presentation FEB 16, 2023 Horace Luke Founder, CEO and Chairman Bruce Aitken Chief Financial Officer Gogoro ® Q4 2022 – Investor Presentation 2 DISCLAIMER Forward-Looking Statements: This communication contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements generally relate to future events or Gogoro's future financial or operating performan ...

Financial Performance - Fourth quarter revenue was $95.5 million, down 20.8% year-over-year, while full year revenue reached $382.8 million, up 4.6% year-over-year[1][2][3] - Fourth quarter net loss was $12.5 million, an improvement from a net loss of $14.2 million in the same quarter last year; full year net loss was $98.9 million, up from $67.4 million[7][8] - Adjusted EBITDA for the fourth quarter was $9.2 million, down from $25.5 million year-over-year; full year adjusted EBITDA was $41.2 million, down from $54.9 million[9] - Gross margin for the fourth quarter was 15.0%, down from 21.0% in the same quarter last year; full year gross margin was 15.1%, down from 16.7%[4][6] - The net loss for the twelve months ended December 31, 2022, was $98,908 thousand, compared to a net loss of $67,362 thousand in 2021, reflecting an increase in losses of 46.9%[35] - Operating revenue for the year was $382,826 thousand, reflecting a year-over-year increase of 4.6% from $366,009 thousand in 2021[41] Revenue Sources - Fourth quarter network revenue was $31.4 million, up 19.5% year-over-year, with total subscribers exceeding 526,000, a 16.8% increase from the previous year[2][3] - The Gogoro network generated $121,660 thousand in revenue, with a year-over-year growth of 22.2% from $99,587 thousand[41] Cash and Assets - The company has a cash balance of $236.1 million at the end of 2022 and extended a $200 million credit facility to December 2025, positioning itself well for future investments[10] - Gogoro's cash and cash equivalents increased to $236,100 thousand as of December 31, 2022, up from $217,429 thousand in 2021, marking an increase of 8.6%[31] - Gogoro's total current assets as of December 31, 2022, were $397,905 thousand, an increase of 11.2% from $358,030 thousand as of December 31, 2021[31] Expenses and Liabilities - Research and development expenses increased to $12,369 thousand for the three months ended December 31, 2022, compared to $8,802 thousand in the same period of 2021, representing a rise of 40.5%[35] - Total liabilities decreased to $574,449 thousand as of December 31, 2022, down from $720,687 thousand in 2021, indicating a reduction of 20.3%[31] Future Outlook - The company expects 2023 revenue to be between $400.0 million and $450.0 million, representing an anticipated increase of 4.5% to 17.6% compared to 2022[11] - The company plans to transition from pilot deployments in India and Indonesia to commercial deployments in 2023, aiming to drive greater revenue[1] Market Challenges - The company faced challenges in the Taiwan scooter market, with total scooter sales down 9.3% year-over-year, impacting hardware sales[3] Non-Recurring Expenses - The company incurred acquisition-related expenses that are not recurring and are expected to be incurred in connection with future acquisitions[23] - Gogoro's listing expense related to the merger with Poema was recorded as a non-recurring operating expense, significantly impacting the financial results[24] - The company recognized a listing expense of $178,804 thousand during the reporting period[38] Cash Flow - Cash used in operating activities was $(64,790) thousand for the twelve months ended December 31, 2022, a decrease from cash provided by operations of $80,794 thousand in 2021[38] - The company reported net cash used in investing activities of $(101,102) thousand, compared to $(41,518) thousand in the previous year[38] - Cash provided by financing activities was $186,396 thousand, a significant increase from $61,764 thousand in 2021[38]

Gogoro Inc. (NASDAQ:GGR) Q3 2022 Results Conference Call November 10, 2022 7:00 AM ET Company Participants Bruce Aitken - CFO Michael Bowen - ICR Horace Luke - CEO Conference Call Participants Bill Lin - JP Morgan Operator Welcome to the Gogoro Inc. Q3 Earnings Call. This session will be recorded. I would like to introduce Bruce Aitken, CFO of Gogoro. Who will kick us off. Bruce Aitken Thanks Operator, and thanks to everyone for taking the time to join us today. I'm Bruce Aitken, CFO of Gogoro, and I'm plea ...

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