#1ABOUT Despegar to Acquire Best Day Travel Group#2DISCLAIMER This presentation includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business and our market. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements, including: political, social and macroeconomic conditions in Latin America; currency exchange rates and inflation; current competition and the emergence of new market participants in our industry; government regulation; our expectations regarding the continued growth of internet usage and e-commerce in Latin America; failure to maintain and enhance our brand recognition; our ability to maintain and expand our supplier relationships; our reliance on technology; the growth in the usage of mobile devices and our ability to successfully monetize this usage; our ability to attract, train and retain executives and other qualified employees; and our ability to successfully implement our growth strategies. We operate in a competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and ncertainties that could have an impact on the forward-looking statements contained in this presentation. The words "believe," "may," "should," "aim," "estimate," "continue," "anticipate," "intend," "will," "expect" and similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, capital expenditures, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward-looking statements after the date of this presentation because of new information, future events or other factors, except as required by law. In light of the risks and uncertainties described above, the future events and circumstances discussed in this presentation might not occur or come into existence and forward-looking statements are thus not guarantees of future performance. Considering these limitations, you should not make any investment decision in reliance on forward-looking statements contained in this presentation. This presentation includes industry, market and competitive position data and forecasts that we have derived from independent consultant reports, publicly available information, industry publications, official government information, other third-party sources and our internal data and estimates. Independent consultant reports, industry publications and other published sources generally indicate that the information contained therein was obtained from sources believed to be reliable. The inclusion of market estimations in this presentation is based upon information obtained from third-party sources and our understanding of industry conditions. Although we believe that this information is reliable, the information has not been independently verified by us. Trademarks and service marks appearing in this presentation are the property of their respective holders. This presentation includes data from Euromonitor. Information sourced to Euromonitor is from independent market research carried out by Euromonitor International Limited as part of its annual Passport research. Euromonitor makes no warranties about the fitness of this intelligence for investment decisions. This presentation is strictly confidential, is for informational purposes only and may not be relied upon in connection with the purchase or sale of any security. You may not disclose any of the information contained herein to any other parties without the company's prior express written permission. This presentation is made pursuant to Section 5(d) of the Securities Act of 1933, as amended, and is intended solely for investors that are either qualified institutional buyers or institutions that are accredited investors (as such terms are defined under Securities and Exchange Commission ("SEC") rules) solely for the purpose of determining whether such investors might have an interest in a securities offering contemplated by Despegar.com, Corp. Any such offering of securities will only be made by means of a registration statement (including a prospectus) filed with the SEC, after such registration statement is declared effective. No such registration statement has been declared effective as of the date of this presentation. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 2#3DESPEGAR Best Day Travel Group Key Highlights Best Day TRAVEL GROUP A leading Travel Agency in Mexico, # 2 in brand awareness in Mexico, after Despegar 1 Mexico as Travel Market and Destination -75% of 2019F Revenues from Mexico Four Complementary Business Units with 70% of Online Sales B2C + In Destination Services + White Labels + B2B Hotel Wholesale. Product Mix Aligned with Despegar's Strategy Non Air Products accounted for 95% of 2019F revenues $9 1 Source: Despegar Market Insights Brand Tracking. Unbranded Research On General Population Conducted Through Outsourced Online Panels. Sep-2019 2 2019 Proforma Unaudited forecast Successful Track Record and Strong Business Position $140 million in revenues and $8 million in EBITDA for 2019F² 3#4DESPEGAR Best Day Operates Four Complementary Business Units B2C Focus 2/3 of revenues B2B 1/3 of revenues Source: Estimated 2019 figures Cross-platform Travel Agency Online channel in Mexico, Argentina, USA, Colombia, Brazil and Chile Call Center own operated Asset Light Offline channel with approx. 200 Kiosks in MX In-destination services for Best Day and other customers Presence in Mexico & Dominican Republic Absolut leaders in selling activities in Cancun/ Riviera Maya Partnerships with more than 140 travel companies (USA & CAN mainly) White labels for major travel vendors and Strategic Partnership Customizes and manages the online platform and booking systems of its partners More than 70 partnerships with key players in the market (airlines, hotels, retails stores, banks) Hotel Wholesaler Aggregator Leader in Mexico, Top 3 in Latam +20 years experience BestDay BDTravel Excursions and Travel Services BD TRAVELSOLUTION Better business for travel partners. HotelDO 4#5DESPEGAR Mexico: The Leading LatAm Tourism Market and Seventh International Destination Worldwide México Market Destinatio n ● Description LatAm largest travel market: 1.6x Brazil, 3.7x Argentina and 4.9x Colombia 1 8 of the Top 10 destinations booked by Mexicans were domestic 2 7th most visited country by international tourists in 2018, and the only LatAm country among the Top 183 worldwide Attractive growth in inbound international passenger traffic across Mexican airports: CAGR 2016-2019 = 5.7% 4 US citizens represented 55% of international arrivals, Canadians 12%, Europeans 13% and Latin Americans 16% 5 Over 80 airlines worldwide fly to Cancun Airport 6 BestDay Hotel and Other Travel Products focus, accounting for -95% of revenues Business built around the Mayan Riviera (35% of sales) Destinations services allow presence throughout the customer journey Agreements with key North American and Canadian players 1. Euromonitor 2019 Data. Source Euromonitor 2. Source: Despegar Internal Information (2018) 3. Source: World Tourism Organization - International Tourism Highlights, 2019 Edition 4. Other two being LA and NY. Jan-Nov. 2019 Source: https://www.datatur.sectur.gob.mx/SitePages/TrasnAerea.aspx 5. All international arrivals to MX Jan-Nov. 2019 Source: https://www.datatur.sectur.gob.mx/SitePages/Visitantes%20por%20Nacionalidad.aspx 6. According to Carlos Trueba, Cancun Airport's Director. Source: https://www.reportur.com/mexico/2019/06/13/aeropuerto-cancun-primero-latino-operar-83-aerolineas/ 5#6DESPEGAR Strategic Fit Geographical footprint Considerable increase of Despegar's presence in key market Mexico adding the #2 player in brand awareness among travel agencies Unique Core Competencies 70% of sales online and 95% of Revenues from Hotels, Packages and Other travel Products New Capabilities Enhancing our value proposition to customers with In Destination Services Expanding on our B2B business by stepping up on both Partners and Products. ● ● pote Potential Synergies Enhance B2C vertical profitability by leveraging on Despegar's operational expertise and superior IT product, Marketing expertise and Regional travel content. 6#7DESPEGAR Expected Top and Bottomline Synergies from Integration BestDay Strengthen Mexico as a destination with focus on inbound travel Regional Footprint Operational Leverage B2C Value Proposition Commercial despegar Marketing • Leading OTA in the region . Operations across 20 markets • Best in class fraud & errors strategy • Payment methods • Low cost delivery model • Best in Class UX Experience in the OTA space • Customer centric approach throughout the whole travel journey • Broadest Inventory across the region • Connectivity Agreements with Major International Players (CTRIP, EXPE) • In-house Call Centers with deep industry know-how (different languages). • Leader in Destination Services (Cancun, Riviera Maya & other) • MX - Offering different distribution channels for customers • Hotel Wholesale Services • Commercial Agreements with leading companies • #2 in brand awareness among travel agencies in Mexico "All around" player in MX Significant Operational Leverage Complete Cross Platform Strategy in MX Scale to Strengthen Relationships w/ Partners¹ • Efficient Customer Acquisition & Retention • High performance Marketing Investment • Highest brand awareness in LatAm (1) Strategic Partners: Financial Partners, GDS Companies, Tourism Boards; Travel Partners: Airlines, Hotels and other Travel Products; B2B Partners: API Connections, White Labels, Affiliates Efficient reach to a larger audience#8DESPEGAR Transaction Structure, Valuation Multiples and Timeline Enterprise Value 1 & Stake Acquired Valuation Multiples (over 2019E) 2 Payment Structure 3 Board and Key Executives Expected Closing 136 mUSD 100% ownership stake EV/Revenues: 0.97x EV/EBITDA: 17x 1st Payment - 65% @ Closing 2nd Payment - 6.3% @ 24 months after Closing 3rd Payment - 28.7% @ 36 months after Closing Continuity of the CEO and Key Executives Current Board President will continue as Member of the Board of Best Day Closing expected during 1H20, subject to customary conditions, including approval of relevant antitrust authorities 1: Purchase price will be a result of adjusting Enterprise Value by Net Indebtedness and Target level of Working Capital 2: 2019 estimated figures (Proforma unaudited) 3: 3rd Payment will have upside or downside adjustment based on future Target/ DESP performance, for approximately up to +/- 10% of Enterprise Value 8#9DESPEGAR BestDay Acquisition Adds to Our Competencies and Further Strengthens Our Competitive Levers DISTINCTIVE COMPETENCIES STRONG BRAND SIGNIFICANT SCALE DEEP LOCAL UNDERSTANDING $9 AGILE PLATFORM DYNAMIC CULTURE COMPETITIVE LEVERS Win-Win Value Proposition for Customers and Partners • Efficient Customer Acquisition & Retention • Best-in-Class Digital Product Rapid Adaptation to Local Markets • Low-Cost Delivery Model Uniquely Suited for LatAm • Strong Financial Position to Capture Growth and Lead Consolidation I BestDay Strong Brand High Brand Recognition in Mexico IDeep Local Understanding 35 years of Experience with unique insight into Mexico as destination Significant Scale Consolidates over 6m customers annually Win-Win Value Proposition Increases inventory in higher I value add products, while introducing In Destination Services business 9#10Despegar to Acquire Best Day Travel Group Q&A 10#11THANK YOU! CONTACT INVESTOR RELATIONS Natalia Nirenberg +54 911 2665 4490 [email protected] 11