#1Ⓒ2020 ChargePoint, Inc. -chargepoin+ SWITCHBACK Driving the Electrification of Mobility +#2Disclaimer FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this presentation (this "Presentation") are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics, projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of ChargePoint, Inc.'s ("ChargePoint") and Switchback Energy Acquisition Corporation's ("Switchback") management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of ChargePoint and Switchback. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; risks relating to the uncertainty of the projected financial information with respect to ChargePoint; the inability of the parties to successfully or timely consummate the potential business combination between ChargePoint and Switchback and related transactions (the "Proposed Business Combination"), including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the stockholders of Switchback or ChargePoint is not obtained; the failure to realize the anticipated benefits of the Proposed Business Combination; risks related to the rollout of ChargePoint's business and the timing of expected business milestones; ChargePoint's dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; ChargePoint's ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, ChargePoint's financial record keeping system, and ChargePoint's accounting staffing levels; ChargePoint's current dependence on sales of charging stations for most of its revenues; overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; potential adverse effects on ChargePoint's revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by ChargePoint; the effects of competition on ChargePoint's future business; risks related to ChargePoint's dependence on its intellectual property and the risk that ChargePoint's technology could have undetected defects or errors; the amount of redemption requests made by Switchback's public stockholders; the ability of Switchback or the combined company to issue equity or equity- linked securities or obtain debt financing in connection with the Proposed Business Combination or in the future and those factors discussed in Switchback's final prospectus dated July 25, 2019, Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and any subsequently filed Quarterly Report on Form 10-Q, in each case, under the heading "Risk Factors," and other documents of Switchback filed, or to be filed, with the Securities and Exchange Commission ("SEC"). If any of these risks materialize or Switchback's or ChargePoint's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Switchback nor ChargePoint presently know or that Switchback and ChargePoint currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Switchback's and ChargePoint's expectations, plans or forecasts of future events and views as of the date of this Presentation. Switchback and ChargePoint anticipate that subsequent events and developments will cause Switchback's and ChargePoint's assessments to change. However, while Switchback and ChargePoint may elect to update these forward-looking statements at some point in the future, Switchback and ChargePoint specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Switchback's and ChargePoint's assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither ChargePoint, Switchback, nor any of their respective affiliates have any obligation to update this Presentation. USE OF PROJECTIONS This Presentation contains projected financial information with respect to ChargePoint. Such projected financial information constitutes forward-looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See "Forward-Looking Statements" paragraph above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. Neither Switchback's nor ChargePoint's independent auditors have audited, reviewed,#3Disclaimer Cont'd compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. IMPORTANT INFORMATION FOR INVESTORS AND SHAREHOLDERS In connection with the Proposed Business Combination, Switchback will be required to file a registration statement (which will include a proxy statement/prospectus of Switchback) and other relevant documents with the SEC. Stockholders and other interested persons are urged to read the proxy statement/prospectus and any other relevant documents filed with the SEC when they become available because they will contain important information about Switchback, ChargePoint and the Proposed Business Combination. Stockholders will be able to obtain a free copy of the proxy statement/prospectus (when filed), as well as other filings containing information about Switchback, ChargePoint and the Proposed Business Combination, without charge, at the SEC's website located at www.sec.gov. PARTICIPANTS IN SOLICITATION Switchback, ChargePoint, and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Switchback's stockholders in respect of the Proposed Business Combination and the other matters set forth in the proxy statement/prospectus. Information regarding Switchback's directors and executive officers is available under the heading "Directors, Executive Officers and Corporate Governance" in its Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on March 30, 2020. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus relating to the Proposed Business Combination when it becomes available. FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Securities Act of 1933, as amended. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any proxy statement/prospectus or registration statement to be filed by Switchback with the SEC. Some of the financial information and data contained in this Presentation, such as EBIT, EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Switchback and ChargePoint believe these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to ChargePoint's financial condition and results of operations. ChargePoint's management uses these non-GAAP measures for trend analyses, for purposes of determining management incentive compensation and for budgeting and planning purposes. Switchback and ChargePoint believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing ChargePoint's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in ChargePoint's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non- GAAP financial measures. In order to compensate for these limitations, management presents non- GAAP financial measures in connection with GAAP results. INDUSTRY AND MARKET DATA Although all information and opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, ChargePoint and Switchback have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. Some data is also based on the good faith estimates of ChargePoint and Switchback, which are derived from their respective reviews of internal sources as well as the independent sources described above. This Presentation contains preliminary information only, is subject to change at any time and, is not, and should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your engagement with ChargePoint and Switchback. TRADEMARKS AND TRADE NAMES ChargePoint and Switchback own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with ChargePoint or Switchback, or an endorsement or sponsorship by or of ChargePoint or Switchback. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear with the Ⓡ, TM or SM symbols, but such references are not intended to indicate, in any way, that ChargePoint or Switchback will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names. 3#4Transaction Summary Summary of Proposed Transaction + Founded in 2007, ChargePoint has built one of the world's leading electric vehicle (EV) charging networks Delivers a fully integrated EV charging solution, with a comprehensive portfolio of hardware, software and services + ChargePoint to be capitalized with cash necessary to bolster positions in existing markets and to fund European growth, ChargePoint as a Service™ and Hardware and Software R&D + Switchback (NYSE:SBE) has $317M of cash in trust account + Transaction expected to fully fund business model through cash flow positive Capital Structure + ChargePoint shareholders rolling 100% of their equity + >$450M proceeds net of debt elimination and transaction fees to fund growth (assuming no redemptions) + PIPE size of $225M¹ Valuation + Enterprise value of $2.4B + Attractive entry multiple relative to EV ecosystem Switchback has identified ChargePoint, the #1 brand in EV charging, as the company best positioned to continue leading the growth in charging infrastructure required by the world's transition to electric mobility -chargepoin+ Leadership -chargepoin+ (1) Together, Scott McNeill and Jim Mutrie will purchase $2.0M of stock in the PIPE on the same terms as the PIPE investors, in addition to the $2.0M of stock purchased on the same terms as the public in SBE's IPO. 2020 ChargePoint, Inc. Pasquale Romano Director President & CEO Rex Jackson CFO SWITCHBACK Scott McNeill Director CEO & CFO Jim Mutrie Director CCO & GC#5+ +1 1+1 1+1 + 1+1+1+ Ⓒ2020 ChargePoint, Inc. + EV ONLY -chargesole+ Site Host: Fortune 10 Workplace Meet the New Fueling Network#6Passenger Audi Fleet FLATKO LOUNGE 2020 ChargePoint, Inc. VISION Move All People and Goods on Electric Power CITROËN Cadillac € AFFIVAL chanje INVESTMENT OPPORTUNITY The Index for the Electrification of Mobility (FIAT) Ford GILLIG DAIMLER VS HYUNDAI KENWORTH IR67 NLP NEW FLYER (KIN LAND- -ROVER NISSAN PACCAR MITSUBISHI VERFÜGBAR + NISSAN PEUGEOT PROTERRA RIVIAN polestar T O SCANIA IMANI RIVIAN ŠKODA VOLVO WORKHORSE -chargepoin+ TOYOTA .and more. Frank M VOLVO 6 Homburg#7Executive Summary W!!!! EV ONLY chargapon Site Host: Public Library HOUR PARKING ELECTRIC VEHICLES ONLY The Trend The electrification of mobility is undisputed, with consumers and fleets adopting at record rates The Market Our addressable market is massive... every place vehicles park, in North America and Europe The Product We sell charging software, stations and services. Software attach = 100%. We do not monetize energy or driver utilization. The Business Model Selling to businesses makes for capital- light growth. We expect significant revenue and margin expansion ahead.#8Investment Highlights Massive Total Addressable Market + EVS projected to be 9.9% of new vehicles sold in 2025 and 29.2% in 2030 in the U.S. and Europe (compared to 2.6% in 2019)1 + EV charging infrastructure investment projected to be -$190B by 2030² Winning Business Model + As EV penetration grows, we grow. Monetization not tied to energy or utilization. + Vertically integrated, complete portfolio of networked solutions + Platform technologies provide major advantages in fleet applications 1 Source: BloombergNEF Electric Vehicle Outlook 2020 (Passenger Vehicles) 2 Source: BloombergNEF Electric Vehicle Outlook 2020 2020 ChargePoint, Inc. Strong Competitive Moats + Significant level of capital raised to date has powered differentiation (R&D and go to market engine) AMERICAN ELECTRIC POWER DAIMLER QUANTUM ENERGY PARTNERS Chevron CPP + >4K customers; high switching costs INVESTMENT BOARD SIEMENS + Deep ecosystem integrations, open network with broad reach Market Model Moats -chargepoin+ Strong Capital-Light Growth + Continued EV adoption across segments Growth + Minimal capex required to scale + Recurring revenue streams provide strong financial visibility + Company revenue grew 60% YOY in 2019 and projected at 60% CAGR from 2021 to 2026 8#9Fueling Fundamentals At Home, At Work and Around Town PREFERENCE Large Battery EVs LOCATION Where Drivers Live, Work and Play PARADIGM Mostly Top Up While Parked MONETIZATION Businesses (Site Hosts) in Control (set price/free) EV Site Host: Apartment Complex, 2 Ports of Charging Shown © 2020 ChargePoint, Inc. Market CHARGEPOINT RECURRING REVENUE = Installed Base x Annual Subscriptions Model Moats Growth -chargepoin+: CHARGEPOINT REVENUE POTENTIAL OF ELECTRIFICATION = Total Vehicles x EV % x Port Attach % x Market Share x ASP 9#10Major Markets Committed to Electrification Technology Apple CarPlay™ auto Alphabet ^ androidauto 2020 ChargePoint, Inc. WAYMO Uber lyn mytaxi TNCs NEW FLYER RIVIAN polestar T Automotive B GM GILLIG Volkswagen Ford KENWORTH NISSAN Elli DAIMLER enel x Energy Exelon edp Sempra Energy e.on drax eDF AMERICAN ELECTRIC POWER TOTAL bp C Essential Charging Platform Partner Market Oil & Gas Eni Chevron Model IBERDROLA Trapeze fleetcarma. ExxonMobil GEOTAB Moats REPSOL verizon connect -chargepoin+: Fleet Systems Growth 10#11ChargePoint Growth Directly Proportional to EV Penetration Passenger EV Sales 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 2011A 2012A 2013A 2014A 2015A 2016A 2017A 2018A ChargePoint Annual NA Port Sales Source: Historical EV sales from Inside EVs and Baum. Future EV sales projections from BNEF. © 2020 ChargePoint, Inc. ChargePoint Estimated $1B Revenue at 3% EV Penetration Tan COVID-19 Impact 2019A 2020F 2021F 2022F 2023F -Passenger EV Sales 10% EVS 2024F 2025F 2026F Market Commercial Ports 160,000 140,000 120,000 100,000 80,000 60,000 40,000 Model 20,000 Moats Growth -chargepoin+ Additional Tailwinds + Fossil fuel bans + Transit electrification dates + Incentive programs + All major auto OEM brands committed to electric + Further EV cost reductions with advances in battery technology 11#12Corporate Timeline Positioned to Continue to Scale AC -chargepoin+M 2007-2012 Commercial Workplace Retail & Hospitality 1.9K Ports (116K EVS) -chargepoin+ AC DC Residential - Commercial Workplace Retail & Hospitality Commercial Properties Education Fueling & Convenience ASSURE SERVICE 2013-2016 Fleet - Sales Service & Motorpool Single Family Multi Family 36K Ports (1.2M EVS) -charge AC n 1 EV Source: European Alternative Fuels Observatory, North America and Europe. Ports and EVs sold through Dec 2019. © 2020 ChargePoint, Inc. DC Residential ASSURE SERVIC FAM 2017-20201 Commercial Workplace - Retail & Hospitality Commercial Properties - Education Fueling & Convenience Fleet Sales Service & Motorpool - Delivery & Logistics Shared Mobility Single Family Multi Family 114K Ports (3.4M EVS) HIB • -charge Market AC DC Model ASSURE with Moats -chargepoin+: ΠΕΙΞΗ ΤΗ ===|||| Growth Forward + Accelerate new products + Invest incrementally in Marketing & Sales + Fund more CPaaS (Commercial and Fleet) • + Expand European footprint + Enable strategic acquisitions 12#13Market Site Host: Fortune 10 Workplace Model Business Model and Investment Level Set Us Apart Moats Charging Is Essential Businesses and fleets are investing in charging solutions ChargePoint Capital Is Focused on Winning Free of monetizing energy or drivers, our capital is focused on + Research & Development: Complete solutions, all use cases; investment keeps us steps ahead + Marketing & Sales Engine: Enables us to reach site hosts first + Policy: Ensures competition, innovation, choice Growth Network Effects Are Significant A superior experience makes us preferred by site hosts and drivers + Hosts expand as adoption grows + Strong channel established + Drivers rely on us as the largest and highest quality network#14Commercial Products AC DC Мо Charging Stations 3 Lines of Business We Sell Hardware, Recurring Software and Services Fleet Products 2020 ChargePoint, Inc. AC DC Residential Products Charging Stations Software as a Service (SaaS) Assure Annual Subscription Annual Subscriptions (Parts & Labor Warranty) -chargepoin+ -chargepoint C -chargepoint Traditional CapEx Purchase SaaS Annual Subscriptions ASSURE SERVICE SaaS Vehicle Scheduling & Fueling Optimization Subscriptions Single Family ChargePoint® Home Charger + Sold with Lifetime Subscription + Utility Plans for Managing Home Use or OpEx Purchase and SaaS Energy Management Subscriptions CPaaS ChargePoint as a Service™ (Bundles SaaS, Charging Stations and Assure Subscription) Market -chargepoin+ Multi Family M Professional Services for Design/Build & Construction Model Moats -chargepoin+ Multi Family Charging Solution + Monthly Fee Billed to Tenant ASSURE SERVICE Growth Assure Pro Annual Subscription (Parts & Labor Warranty) + Additional Charges for Power Consumed (Property Owner Sets Pricing) 14#15Site Hosts Buy to Reach Business Goals Workplace & Commercial Properties | Education | Fueling & Convenience Healthcare | Hospitality & Retail | Parking Commercial Fleet Residential Fortune Top 50 Companies 2018 2020 ChargePoint, Inc. Reduce expenses Generate direct and indirect income Attract employees, tenants, customers and visitors Achieve ESG objectives Delivery & Logistics | Sales Service & Motorpool Shared Mobility Manage operating costs (fueling and maintenance) Meet government mandates and regulations Minimize risk and future-proof operations Achieve sustainability goals 62% of Fortune Top 50 Use ChargePoint Single Family | Multi Family Increase convenience with app-controlled, at-home charging (Single Family) Gain control and visibility with software controlled smart charging Reduce cost by charging at off-peak hours Achieve sustainability goals Market D Model 10 ...and Drivers Rely on Us + Easily find, view and access charging stations $0.30 Moats + Roam across networks + View all activity and cost (for both at home and public charging) in one place C -chargepoin+: 9:08 49 56m • 51. 64 21m 52 . 35M Charging Activity MAR $43 Deg De 4.50 80m 7.6- Growth 8h0m 1,6m 8h0 1.45. ChargePoint EV Charging Made Easy ✰✰✰✰✰ 4.6, 4.2K $19 $1,62 $1.56 $1.70 $1,79 $0.71 $1.51 $0.92 15#16Product Portfolio Leverage One Portfolio Serves Many Geos and Segments [ -chargepoin+ + AC DC мо 2020 ChargePoint, Inc. + North Atlantic Ocean One comprehensive portfolio deployed globally, with modest regional variations as needed ASSURE SERVICE Portugal 3765 144 ] 11136 4234 72575 14 Egypt Commercial Business North America + Proven model, de facto leader + Expected gross margin in the 40s Fleet Business Market Residential Business North America + Scaling Multi Family and direct-to-consumer channels + Utilities expanding their residential programs + Common product powers Fleet and residential Model Moats North America and Europe + Largest contributor to growth + Stabilization of new products expected to yield improved gross margin + Excess commercial capacity available to fleet (off-hours charging) Growth -chargepoin+ Europe + Large addressable market + Billings growth > North America as we capture share + Global product in 2021 expected to drive up margin + Leasing Company path to market Europe + Leasing Company path to market includes home and work charging solutions 16#17Our Winning Formula AC DC Hardware AVAILABLE EV CHARGING ONLY WIMANE 2020 ChargePoint, Inc. + + Upfront payment for initial purchase + High land-and-expand pattern consistent with electric vehicle penetration + Long term expected life -chargepoin+ Software + + Recurring SaaS model, 100% attach to hardware + Revenue recognized ratably during contract periods + Minimums with annual renewal ASSURE SERVICE Market Services Model Moats Growth -chargepoin+ + Parts & labor warranty + Recurring model + Revenue recognized ratably during contract periods 17#18AC Мо 2020 ChargePoint, Inc. Complete Hardware Portfolio Powered by Software AVAILABLE -chargepoin+ Market DC Model Moats -chargepoin+ Growth Comprehensive Hardware Portfolio Delivers + Solutions for every use case, all vehicle types and brands + High efficiency in power and footprint + Modular, scalable, secure architecture designed for serviceability + Unparalleled quality; advanced testing (vehicle, functional, climate, environment) for long-term reliability + Options for site hosts to use custom branding Software Enables + Control of who can use stations and when + All vehicles to get charged on time + Multiple vehicles to share power + Drivers to get in line when ports are occupied + Proactive and remote diagnosis + Power management to avoid demand charges 18#19Already Integrated to the Ecosystem Automotive Platforms 09:51 | Maps Nearby Stations 1 ELUMINOCITY Exit No Status AC- Free 0.6 mi 2 DC CORRIDOR Available DC Fast $0.9 mi 3 THE NOBLE o Spotify ▷I © 2020 ChargePoint, Inc. KONE ▷I DC Fast 0 ✔ 31 C Calendar ChargePoint Podcasts d Phone News Consumer Platforms ev charging stations in... Charging Station go Charging Station ***** 10 En St, San Gallos Closes soon 9:30 pm CHAMO Combo 1 1772 -chargepoint: Charging www. 2. SemaConnect Charging Station No ratings or revi 985 E San Carlos Ave, San Carlos 01772-654KW 3. ChargePoint Charging Station 6044444( 500 Cipper bren Open 24 hours X D A Volta Available 12 · "Alexa, ask ChargePoint if my car is plugged in." amazon Market Fleet Platforms Model VOYAGER 80123 4567 81452 7 VEHICLE NO 4527 ABC CORPORATION TAURUS 123 XYZ VOYAGER Moats -chargepoin+ wex FLEET ACCOUNT NO 0000 00 123456 7 PREFIX NO CARD NO 000000 0001-1 00/00 ABC INC VEHICLE DESC Growth Roaming Integrations with Other Charging Networks EVBOX flo greenlots electrify EVgo america wex 19#20Commercial Workplace & Commercial Properties Healthcare 3M A DAIMLER Thousands of Brands Choose ChargePoint Select Customers Participating in the New Fueling Network GM Genentech Microsoft PIXAR Education COLUMBIA UNIVERSITY RUTGERS (DELL) Fidelity NASA ELEVEN ROLLS ROYCE THE GEORGE WASHINGTON UNIVERSITY Consumer mastercard. NETFLIX Fueling & Convenience salesforce Chevron 2022 2020 ChargePoint, Inc. f MERCK SAP WAMBERS 401 VE UC San Diego pplegreen INSTAVOLT Kum&Go MAVERIK Wawa G&M Allergan tranan Sutter Health Alta Bates Summit. Medical Center Hospitality & Retail Best Western KOHL'S Sheraton NORWALK The lat DISNEY Holiday HYAIT Inn` REGENCY MARRIOTT BONVOY SOUTH COAST PLAZA SWEDISH UCI UCSF Walgreens Westfield Parking ABM ACC JOHN MUIR HEALTH PARK FAST PARK BARK The Ritz-Carlton JOSEPH MERCY HALLI SYSILM SAFEWAY. Stop&Shop WHOLE FOODS InterPark Park P 1717 SEVENONESEVEN TARGET. SYLVAN PARKING Fleet Delivery & Logistics BNSF FedEx RAILWAY PORT AUTHORITY NY NJ AIR LAND RAIL SEA REPUBLIC SERVICES GSA 672 Sales Service & Motorpool ASU THE CITY OF COLUMBUS FPL Port of LONG BEACH ComEd. An Exelon Company NYC OUC .gov MTS M SFMTA IKEA The Reliable One USC UC San Diego Port of Stockton CALIFORNIA CITY of BOSTON EconEdison PEPSICO PG&E BT DENVER THE WILL HIGH CITY TECO ENERGY CITY OF VANCOUVER ANCHERA COMPANY Shared Mobility ACC arriva bigblue bus A lyft a De company stm Uber W WAYMO Market Residential Multi Family The ALLIANCE RESIDENTIAL COMPANY Equity Residential SOBRATO Organization IRVINE COMPANY AvalonBay COUNELS Model UDR Moats MN -chargepoin+ ABOZZUTO SARES REGIS Growth ESSEX GREYSTAR 720PHITY TESTING EnBW Gulf Go-to-Market Partners ALD CKW. drax Rexel Brookfield Properties LEVITON. 20#21One Network, Many Branding Opportunities CREATING A CLEANER FUTURL apoin+ OTE 2020 ChargePoint, Inc. RISE UP EV ONLY HOL FOOD ELEVEN hargepoin ELEVEN LAPPARE TE WAKA -chargepoin+ EV CHARGING ONLY -chargepoint: fast charger Wir Fres 21#22Lifetime Value Proven Account Expansion Fortune 50 Company Annual Spend Fortune 50 Company Annual Spend Fortune 500 Company Annual Spend $1.5M $1.8M $0.2M $1.3M $33K $2.3M $1.6M $108K $3.1M $3.4M $506K $146K Year 1 Year 2 Year 3 Year 4 5.7X Cumulative Spend 27.8X Cumulative Spend 24.1X Cumulative Spend Top 25 Customers 14.0X Cumulative Spend $5M $10M Quarter 1 $16M $22M Source: Management Data. Cumulative spend expansion rates calculated by dividing cumulative billings (FY2017 - FY2020) by FY2017 billings. 2020 ChargePoint, Inc. $28M Market $33M $38M $48M Model $56M Moats -chargepoin+ $60M $63M Customer expansion reflects ongoing software and warranty subscriptions as well as increased hardware purchases as EV penetration grows Growth $66M Quarter 12 22#23Revenue Ratio -chargepoin+ ASSURE SERVICE Illustrative Unit Economics: CT4000 Dual-Port Station with Software and Assure Source: Management data. Actual station lifetime can vary. © 2020 ChargePoint, Inc. Year 1 Year 2 Year 3 ~1:1 Upfront and Recurring Revenue ■Hardware Revenue Year 4 Year 5 Software Revenue Year 6 Assure Revenue Market Year 7 13% 36% 51% Model Total Revenue Moats -chargepoin+ Recurring Growth Upfront 23#24Winning North America, Expanding in Europe Market Share Networked L2 Charging* 73% 7X Closest Competitor 10% Charge Point Blink Shell 8% 4% 3% 2% SemaConnect EV Connect ■ Volta 1750 23 450 52 1270 848 27 - 1282 05 444 38 12 Mexic 1341 18 (4 4834 2044 2427 3222 148 397 18 20 Cuba Puert 8 3 191 Norwegian Sea 70 Spain 330 Ireland 3762 Portugal (144) 143 73362 11034 4092 Market 203 3 896 139 26 8 873 2 Turkey + Operating in 16 European markets Partnerships with energy retailers and leasing solution providers - 133,868 ports accessible via roaming integrations Model *Refers to connected charging of certain specifications (208-240 Volt, 40 Amp circuit. 6.2 - 7.6 kW), 4-5 hours to charge a 100mi range battery, typically serving 3+ drivers per day Source: AFDC (North America). Excludes single-family residential charging ports. 2020 ChargePoint, Inc. Moats #1 Brand in North America, A Blueprint for Growth + De facto North America leadership in all-purpose AC charging Operating across all verticals Integrated into where people live, work, play Growth -chargepoin+ 24#25Unparalleled Leadership Team Pasquale Romano Rex Jackson President & CEO CFO Board of Directors + Seasoned leadership team with years of tech and category skills + 750+ employees including 40% technical staff + Diversified talent base with operations in US, NL, UK, DE, MX, CN Roxanne Bowman Operating Executive, NMS Capital Michael Linse Managing Director, Linse Capital Colleen Jansen CMO 2020 ChargePoint, Inc. Michael Hughes CRO Bruce Chizen Former CEO, Adobe Senior Advisor, Permira Funds Richard Lowenthal Co-Founder, ChargePoint Chris Burghardt MD, Europe intuit Axel Harries Head of CASE/EVA, Daimler AG Pasquale Romano President and CEO, ChargePoint Bill Loewenthal SVP, Product AVAYA Barracuda hp in Microsoft NIO poly Uber yahoo! Jeffrey Harris Venture Partner, Quantum Energy Partners Eric Sidle SVP, Engineering Neil Suslak Managing Partner, Braemar Energy Ventures -chargepoin+ Lawrence Lee SVP, Operations & Services First Solar. Gigamon Mark Leschly Managing Partner, Rho Capital Partners, Rho Ventures Rick Wagoner Former Chairman and CEO, General Motors 25#261+1 1+ + 1+1 1+1+1+ + + Ⓒ2020 ChargePoint, Inc. +-+ -+ ya Site Host: Port of Stockton, With Yard Tractor Shown Financial Models DANNAR#27Scaling With EV Penetration ChargePoint Ports Shipped (Annual) 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 17,640 COVID-19 Impact 24,384 32,136 31,623 50,724 80,046 209,298 140,087 425,060 286,941 2017A 2018A 2019A 2020F 2021F 2022F 2023F 2024F 2025F 2026F $M $2,500 $2,000 $1,500 $1,000 $500 $66 $92 Notes + Port counts include Multi Family home charging (part of Commercial business) ports but exclude single family home charging ports + ChargePoint FY runs 2/1-1/31. CY reflected for simplicity; financials do not reflect CY adjustments. + Historical numbers are unaudited and subject to change 2020 ChargePoint, Inc. ChargePoint Revenue COVID-19 Impact $147 $135 $198 $346 $602 -chargepoin+ $984 $1,427 $2,069 2017A 2018A 2019A 2020F 2021 2022F 2023F 2024F 2025F 2026F 27#28Revenue Diversity $M $2,000 $1,600 $1,200 $800 $400 $135 By Vertical $198 $346 $602 $984 $1,427 $2,069 2020F 2021F 2022F 2023F 2024F 2025F 2026F NA Commercial EU Commercial Global Fleet & Other $135 By Type $198 $346 $602 Note: ChargePoint FY runs 2/1-1/31. CY reflected for simplicity; financials do not reflect CY adjustments. 2020 ChargePoint, Inc. $984 $1,427 $2,069 2020F 2021F 2022F 2023F 2024F 2025F 2026F Networked Charging Stations Subscriptions & Support Other Services $135 By Geography $198 $346 -chargepoin+ $602 $984 $1,427 $2,069 2020F 2021F 2022F 2023F 2024F 2025F 2026F North America Europe 28#29Gross Margin Improves as Product Releases Stabilize and Software Revenue Grows 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 38% 2017A 20% 2018A 13% 2019A Actuals Q1 '20: 20% Q2 '20: 24% 24% 2020F 31% 2021F Notes + Historical numbers are based on GAAP. Forecast does not include stock-based compensation. + ChargePoint FY runs 2/1-1/31. CY reflected for simplicity; financials do not reflect CY adjustments. + Historical numbers are unaudited and subject to change. 2020 ChargePoint, Inc. 36% 2022F 37% 2023F 41% 2024F 41% 2025F -chargepoin+ 42% 2026F 29#30Substantial OpEx Leverage Acceleration $M © 2020 ChargePoint, Inc. $600 $500 $400 $300 $200 $100 -146% $96 137% $125 Operating Expenses 103% 104% $154 $152 $140 97% $192 Notes + *Temporary COVID cost reductions include salary cuts and bonus elimination. + Historical numbers are based on GAAP. Forecast does not include stock-based compensation. + ChargePoint FY runs 2/1-1/31. CY reflected for simplicity; financials do not reflect CY adjustments. + Historical numbers are unaudited and subject to change. $226 $268 $321 44% 65% 33% $417 29% $542 26% 2017A 2018A 2019A 2020F 2021 2022F 2023F 2024 2025 2026F -chargepoin+ Temporary COVID Cost Reductions OpEx Incl. Cost Reductions OpEx Excl. Cost Reductions 30#31Long-term Financial Summary Strong Growth and Long-term Profitability Fiscal Year Approximate Calendar Year Revenue YOY Growth Gross Profit Gross Margin % Total Operating Expenses Adjusted EBITDA Adjusted EBITDA Margin % Note: Dollars in millions 2020 ChargePoint, Inc. FY21 2020 $135 $33 24% $140 $(97) NM FY22 2021 $198 46% $62 31% $192 $(121) NM FY23 2022 $346 75% $124 36% $226 $(93) NM FY24 2023 $602 74% $225 37% $268 $(36) NM FY25 2024 $984 63% $400 41% $321 $86 9% FY26 2025 $1,427 45% $591 41% $417 $178 12% FY27 2026 $2,069 45% $878 42% $542 $340 16% -chargepoin+ -60% revenue CAGR between 2021 and 2026 Contemplated transaction expected to fully fund business model through cash flow positive 31#321+1 1+ + 1+1 ++ 1+1+1+ Ⓒ2020 ChargePoint, Inc. +-+ -chargepoint VERFÜGBAR + Site Host: Dealership, Fast Charging in Europe Transaction Summary ELE Frankfurt a. M. B. Homburg 651 Darmstadt#33Detailed Transaction Overview $2.4B Enterprise Value | $225M PIPE Transaction Highlights Cash Sources Valuation Capital Structure + Switchback has -$317M in cash held in the trust account + PIPE size of $225M + $2.4B EV with strong balance sheet + Attractive valuation versus EV ecosystem +-$650M in cash on balance sheet (assuming no redemptions) to fund growth and expansion Pro Forma Ownership at $10.00/ Share (2) PIPE Investors 7.4% SBE Investors 10.3% Founders' Shares 2.0 % Existing ChargePoint Shareholders 80.4% Sources SBE Shares (1) OSBE Cash in Trust PIPE Total Sources Cash and Cash Equivalents (from de-SPAC) (+) ChargePoint Cash on Balance Sheet Net Cash Equity Value Enterprise Value Ownership Breakdown Existing ChargePoint Shareholders (1) SBE Investors PIPE Investors Sources and Uses $M $ 2,450 317 225 $ 2,992 Uses Equity Consideration to ChargePoint Shareholders Cash to Balance Sheet Debt Repayment Transaction Fees Total Uses Pro Forma Capitalization -chargepoin+ Pro Forma Ownership Shares (M) 245.0 31.4 22.5 6.0 304.9 $M $ 2,450 458 35 49 $ 2,992 $ 458 190 $ 648 $ 3,049 $ 2,401 % 80.4 % 10.3 7.4 2.0 100.0 % Founders' Shares (3) Equity Ownership (1) Equity value to ChargePoint's existing shareholders is calculated as 245.0 million Switchback shares, using a $10.00 pro forma share price, on a fully diluted basis (excluding unvested options and restricted stock, and assuming a net share settlement calculation for ChargePoint's outstanding warrants and vested options). Certain ChargePoint equityholders also will receive an earnout at the closing of the transaction for shares that will vest upon the occurrence of certain triggers, including three separate share price achievements (9.0 million shares would be payable based on achievement of each of $15.00, $20.00, and $30.00 weighted average closing sale prices over a period of at least 10 days within any 20 consecutive trading day period in the 5 years following closing). At closing, Switchback will issue approximately 211.8 million shares and will assume (a) warrants to acquire approximately 39.2 million shares of its common stock, with a weighted average purchase price of $6.74, (b) approximately 21.6 million vested options, with a weighted average exercise price of $0.61 and (c) approximately 18.2 million unvested equity awards, with a weighted average exercise price of $0.72. (2) Pro forma ownership structure based on PIPE of $225 million, assuming no redemptions. Excludes public and private warrants and ChargePoint unvested equity awards and restricted stock. (3) Excludes 900 thousand founders' shares subject to earnout based on achievement of $12.00 price per share over a period of at least 10 days within any 20 consecutive trading day period within 5 years of the closing of the transaction. Ⓒ2020 ChargePoint, Inc. 33#34Public Comparable Universe -chargepoin+ LORDSTOWN P (1) Market data as of 21-Sep-2020. 2020 ChargePoint, Inc. EV Ecosystem TESLA Software Powered Solutions PELOTON $40B+ Current Market Value of Recent Select SPAC Transactions¹ Energy Technology e ENPHASE. NIKOLA ⒸHYLIION I ALARM.COM I solaredge I CANO 0 1 + Pure-play EV exposure + CapEx heavy business model + Ecosystem player with defensible moats + Recurring revenue streams provide visibility + ESG-friendly category + Attracts premium valuation -chargepoin+ LUMINAR Velodyne 34#35Discounted Future Enterprise Value Transaction Expected to Fully Fund to EBITDA Positive Note: Dollars in millions 2020 ChargePoint, Inc. Future $ 18,622 ~460 % Midpoint Premium $ 8,276 4.0x - 9.0x 2026E Revenue Discounted $ 9,258 ~180 % Midpoint Premium $ 4,115 Discounted 5 Periods at 15% Post-Money $ 2,400 Enterprise Value -chargepoin+ 35