#1CAZOO Search. Drive. Smile. Investor Presentation Q4 and FY2021 April 2022#2Disclaimer Forward-Looking Statements The statements contained or referred to in this Presentation may include "forward-looking statements" within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of Cazoo may differ from actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this Presentation, including but not limited to: (1) realizing the benefits expected from the business combination with Ajax I (the "Business Combination"); (2) achieving the expected revenue growth and effectively managing growth; (3) executing Cazoo's expansion strategy in Europe; (4) acquiring and integrating other companies; (5) achieving and maintaining profitability in the future; (6) having access to suitable and sufficient vehicle inventory for resale to customers and for Cazoo's subscription offering and reconditioning and selling inventory expeditiously and efficiently; (7) expanding Cazoo's subscription offering; (8) increasing Cazoo's service offerings and price optimization; (9) effectively promoting Cazoo's brand and increasing brand awareness; (10) expanding Cazoo's product offerings and introducing additional products and services; (11) enhancing future operating and financial results; (12) acquiring and protecting intellectual property; (13) attracting, training and retaining key personnel; (14) complying with laws and regulations applicable to Cazoo's business; (15) successfully deploying the proceeds from the Business Combination; and (16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the registration statement on Form F-1 and the prospectus included therein filed by Cazoo Group Ltd. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the disclosure included in other documents filed by Cazoo from time to time with the Securities and Exchange Commission (the "SEC"). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cazoo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Cazoo gives no assurance that it will achieve its expectations. Industry and Market Data This Presentation includes market data and other statistical information from sources believed by Cazoo to be reliable, including independent industry publications, governmental publications or other published independent sources. Some data is also based on the good faith estimates of Cazoo, which in each case are derived from its review of internal sources as well as the independent sources described above. Although Cazoo believes these sources are reliable, Cazoo has not independently verified the information and cannot guarantee its accuracy and completeness. Financial Information; Certain of the financial information and data contained in this Presentation has not been prepared in accordance with International Financial Reporting Standards as adopted by the International Accounting Standards Board. You should review Cazoo's audited financial statements, which are included in the company's filings with the SEC. Use of Guidance and Projections Any financial information in this Presentation (including specifically guidance and projections) that are forward-looking statements are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Cazoo's control. While such information, guidance and projections are necessarily speculative, Cazoo believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. All subsequent written and oral forward- looking statements concerning Cazoo or other matters and attributable to Cazoo or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements. Trademarks This Presentation contains trademarks, service marks, trade names and copyrights of Cazoo and of other companies, which are the property of their respective owners. CAZOO Investor Presentation 2#3Contents CAZOO Investor Presentation Progress to date The size of the opportunity Financial performance and near-term trends Guidance and long-term targets 3#4What we have achieved over the last 2 years Retail Units Sold 60,000+ In-house Reconditioning Sites 11 Countries of Operation 5 Reconditioning Capacity p.a. ~250k Total Subscribers 10,000+ Total Employees 4,500+ ★★★★ Trustpilot 18k+ Reviews 4.8/5.0 CAZOO UK Brand Awareness 80%+ Note: Vehicles sold and Subscribers since launch in Dec 19, as of Apr 22. Employees, reconditioning sites as of Apr 22, UK Brand Awareness as of Mar 22 per Engage Brand Tracker. Reconditioning capacity in the UK 120k+ cars today in 10 locations with potential to reach 250K+ p.a. CAZOO Investor Presentation 4#5Progress over the last 12 months Launched fully integrated subscription service Grown from 1 to 11 in-house reconditioning sites across UK and EU CAZOO Investor Presentation Taken UK reconditioning fully in house SEN Launched Cazoo in France and Germany Launched direct car buying channel Acquired great businesses & teams in Italy and Spain 5#6We are addressing a massive market opportunity TAM >£300bn TAM 1st 5 target countries £100bn+ £200bn+ "Big 4" 000€ # of used car transactions per annum ~8m ~18m ~£175bn Rest of Europe ~13m £475bn+ EU TAM ~39m Medium and Long Term Targets Market Share Retail Units Retail GPU GP Potential UK 3% ~240k £2k Medium Term Big 4 1% ~180k £1.5k ~£480m '£270m ROE Total ~420k ~£750m Long Term Total 5% ~2m £3k ~£6bn Source: OC&C estimate for Europe and UK retail Used Cars market in 2019 and number of used cars sold per annum as of 2018. OC&C, CCFA, L'Argus, KBA, DAT, UNRAE, Autobiz, Faconauto, Febiac, Statistik Austria, VWE, Samar, Omnipret, ACEA, UNECE, World Bank, SMMT. Management estimates for future projections and market share at scale. Note: These forward-looking projections are for illustrative purposes and should not be relied upon as being necessarily indicative of future results. CAZOO Investor Presentation 6#7Headline FY2021 results Total Units Sold 49,853 Total Units Sold FY 2021 233% YOY Growth (1) Note: Financial information and data is unaudited and subject to change.. CAZOO Investor Presentation Revenue (¹) £668m Revenue FY 2021 312% YoY Growth UK Retail GPU(1) £427 UK Retail GPU FY 2021 +£656 YOY Growth 7#8Near-term UK Retail GPU impacted by investments but clear pathway of GPU growth to come Price and desirability investments at launch of retail buying channel Metal margin per vehicle when sold Jul 2021 Aug 2021 Sept 2021 Oct 2021 Nov 2021 Dec 2021 Month of vehicle purchase CAZOO Investor Presentation UK Reconditioning near-term inefficiencies and investments Reconditioning cost per vehicle |||| Jul 2021 Aug 2021 Sep 2021 Oct 2021 Nov 2021 Month of vehicle sale Current quarter Retail GPU is determined by costs incurred in the previous quarter(s) Dec 2021 8#9The building blocks to increase GPU Retail GPU (¹) (£) Current Retail GPU More purchasing direct from consumer Greater reconditioning efficiencies ܕܐܐ Improving # of days to sale Increasing finance attachment rate Retail GPU Improvements Growing ancillary revenue streams ~ 2,000 Medium Term GPU Target Note: Forward-looking projections are for illustrative purposes and should not be relied upon as being necessarily indicative of future results. (1) Retail GPU defined as retail and ancillary gross profit divided by retail units sold. CAZOO Investor Presentation. Bringing financing in-house Additional Improvements 9#10Performance and guidance Retail units sold £ d Revenue Retail GPU (1) 2020 12.1k £162m £(229) 2021 34.7k £668m 312% YoY Growth £427 2022 Guidance 100k+ £2bn+ ~200% YoY Growth ~£900 Note: Forward-looking projections are for illustrative purposes and should not be relied upon as being necessarily indicative of future results. 2021 financial information and data is unaudited and subject to change. (1) Retail GPU for 2020, 2021, and 2022 is UK only. CAZOO Investor Presentation Long Term Target ~2m ~£40bn ~£3k CAZOO Search. Drive. Smile. 10#11Summary CAZOO We have accomplished an enormous amount in the two years since launch We have established a market leading platform, team, brand, and infrastructure in the UK We are incredibly well positioned to capture the huge opportunity across the UK and EU We have put all the building blocks in place and have great momentum into 2022 and beyond! Investor Presentation 11#12Appendix CAZOO Investor Presentation 12#13Established market leading operations and logistics in the UK CAZOO Investor Presentation Cazoo Customer Centre Vehicle Preparation Centre Head Office Support Centre Cazoo Hubs CAZOO 260 CAZ60 CAZOO In-House Reconditioning Capacity 120k+ cars per annum in the UK today from 10 locations with potential to reach 250k+ cars per annum Best-in-class operations & UK-wide infrastructure Customer Centres 21 open Collection, distribution, storage, servicing, brand & engagement Delivery Infrastructure ~250 fleet of car transporters Unique delivery & collection experience that delights customers 13#14Solid operations and logistics in the EU GEFCO Rennes GEFCO Bordeaux GEFCO Quievrechain GEFCO Nanteuil GEFCO Toulouse Mosolf Hambach GEFCO Blyes GEFCO Signes CAZOO Investor Presentation BLG Hamburg Mosolf Ketzin AKB Lüdersfeld * Mosolf Glauchau BLG Neuss Mosolf Überherrn BLG Kelheim O Mosolf Kippenheim Buch Santander Ciempozuelos Córdoba Valencia Barcelona Tarragona Vehicle Preparation Centre Head Office Support Centre Cazoo Hubs Milan Reggio Emilia 14#15Executed key M&A to enhance capabilities and expand TAM Jul-2020 |||| IMPERIAL CARS Expand infrastructure and retail locations across the UK CAZOO Investor Presentation Jan-2021 DROVER Expand into subscription offering and into France via acquisition of leading car subscription platform in UK and France Feb-2021 smart fleetsolutions Move reconditioning capabilities in-house via acquisition one of the UK's leading reconditioning specialists Feb-2021 CLUNO Expand into Germany via acquisition of one of Europe's leading car subscription platforms Sep-2021 cazana Boost Cazoo's data capabilities and enhance technical capabilities Sep-2021 SMH Fleet Solutions DELIVERING EXCELLENCE Expand operations and infrastructure in the UK, supporting acceleration of move in-house of reconditioning capabilities Oct-2021 VANS 365 Expand into vehicles, commercial a new customer proposition Nov-2021 SWIPCAR Expand into Spain via acquisition of leading Spanish consumer car subscription player Jan-2022 brumbrum C'È L'AUTO PER TE, FIDATI. Expand into Italy via acquisition of leading Italian digital used car retail & subscription player 15#16UK used car market UK used car transactions || 7.6 7.6 2005 2006 7.5 2007 Source: Auto Trader and Society of Motor Manufacturers & Traders (SMMT) CAZOO Investor Presentation 7.1 2008 6.9 2009 Total number of transactions (millions) 7.0 2010 7.0 2011 7.0 2012 7.2 2013 7.4 2014 7.6 2015 8.2 8.1 2016 2017 7.9 7.9 2018 2019 6.8 7.5 16