#1gogoro Q4 2022 Investor Presentation FEB 16, 2023 gogoro network™#2Gogoro Q4 2022 - Investor Presentation Horace Luke Founder, CEO and Chairman Bruce Aitken Chief Financial Officer 2#3DISCLAIMER 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 performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Gogoro's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this communication include, but are not limited to, statements in the section entitled, "2023 Guidance", such as estimates regarding revenue and Gogoro's revenue generated from the Taiwan market, statements regarding the sufficiency of Gogoro's cash resources, Gogoro's beliefs regarding Gogoro's future operating performance including its ability to grow its subscriber base, projections of market opportunity and market share, potential growth of Gogoro's battery swapping ecosystem in Taiwan and in new markets, timing of Gogoro's launch in India, the capability of Gogoro's technology, Gogoro's business plans including its plans to grow and expand in Taiwan and internationally, the expected use of proceeds from the merger, and statements by Gogoro's founder, chairman, and chief executive officer and Gogoro's chief financial officer. Gogoro's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the impact of the COVID-19 pandemic, risks related to macroeconomic factors including inflation and consumer confidence, risks related to the Taiwan scooter market, risks related to political tensions, Gogoro's ability to effectively manage its growth, Gogoro's ability to launch and ramp up the production of its products and control its manufacturing costs and manage its supply chain issues, Gogoro's risks related to ability to expand its sales and marketing abilities, Gogoro's ability to expand effectively into new markets, foreign exchange fluctuations, Gogoro's ability to develop and maintain relationships with its partners, risks related to operating in the PRC, regulatory risks and Gogoro's risks related to strategic collaborations, risks related to the Taiwan market, China market, India market, and other international markets, expectations relating to the Company's financial results in international markets expectations relating to the Company's financial results in international markets, alliances or joint ventures including Gogoro's ability to enter into and execute its plans related to strategic collaborations, alliances or joint ventures in order for such strategic collaborations, alliances or joint ventures to be successful and generate revenue, the ability of Gogoro to be successful in the B2B market, risks related to Gogoro's ability to achieve operational efficiencies, Gogoro's ability to raise additional capital, the risks related to the need for Gogoro to invest more capital in strategic collaborations, alliances or joint ventures, risks relating to the impact of foreign exchange and the risk of Gogoro having to update the accounting treatment for its joint ventures. The forward looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in Gogoro's filings with the Securities and Exchange Commission ("SEC"), including in Gogoro's Form 20-F for the year ended December 31, 2021, which was filed on May 2, 2022 and in its subsequent filings with the SEC, copies of which are available on our website and on the SEC's website at www.sec.gov. The forward looking statements in this communication are based on information available to Gogoro as of the date hereof, and Gogoro disclaims any obligation to update any forward looking statements, except as required by law. Use of Non-IFRS Financial Measures This presentation and accompanying tables contain certain non-International Financial Reporting Standards as issued by the International Accounting Standards Board (collectively, "IFRS") financial measures including foreign exchange effect on operating revenues, non-IFRS gross profit, non-IFRS gross margin, EBITDA, Adjusted EBITDA. Foreign exchange ("FX") effect on operating revenues. We compare the dollar amount and the percent change in the operating revenues from period to the same period last year using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying revenues performed excluding the effect of foreign currency rate fluctuations. To present this information, current period operating revenues for entities reporting in currencies other than USD are converted into USD at the average exchange rates from the equivalent periods last year. Non-IFRS Gross Profit and Gross Margin. Gogoro defines non-IFRS gross profit and gross margin as gross profit and gross margin excluding share-based compensation expense and exit activities. Share-based Compensation Consists of non-cash charges related to the fair value of restricted stock units awarded to employees. The Company believes that the exclusion of these non-cash charges provides for more accurate comparisons of our operating results to our peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact of share-based compensation expense on its operating results. Gogoro ® Q4 2022 - Investor Presentation 3#4DISCLAIMER Non-IFRS Net Loss. Gogoro defines non-IFRS net loss as net income (loss) excluding share-based compensation expense, the change in fair value of financial liabilities including revaluation of redeemable preferred shares, change in fair value of earnout, earn-in and warrants associated with the merger of Poema, listing expense and onetime non-recurring costs associated with the merger. These amounts do not reflect the impact of any related tax effects. EBITDA. Gogoro defines EBITDA, as net income (loss) excluding interest expense, net, provision for income tax, depreciation, and amortization. These amounts do not reflect the impact of any related tax effects. Adjusted EBITDA. Gogoro defines Adjusted EBITDA, as EBITDA excluding share-based compensation expense, the change in fair value of financial liabilities including revaluation of redeemable preferred shares, change in fair value of earnout, earn-in and warrants associated with the merger of Poema, listing expense and onetime non-recurring costs associated with the merger. These amounts do not reflect the impact of any related tax effects Acquisition-related Expenses. Gogoro incurs acquisition-related and other expenses which consist of costs incurred after the issuance of a definitive term sheet for a particular transaction and include legal, banker, accounting, printer costs, valuation and other advisory fees. Management excludes these items for the purposes of calculating non-IFRS adjusted EBITDA. Gogoro generally would not have otherwise incurred such expenses in the periods presented as part of its continuing operations. The acquisition related expenses are not recurring with respect to past transactions, can be inconsistent in amount and frequency from period to period and are significantly impacted by the timing and magnitude of Gogoro's acquisitions. While these expenses are not recurring with respect to past transactions, Gogoro generally will incur these expenses in connection with any future acquisitions. Listing Expense. In connection with the merger with Poema, the excess fair value of shares issued by Gogoro in exchanged for the net assets of Poema was recorded as listing expense in operating expense. The listing expense for the merger is not recurring with respect to past transactions, can be inconsistent in amount and frequency from period to period and are significantly impacted by the timing and magnitude of the merger. Exit Activities. We have incurred charges in connection with the exit of certain product lines as well as other non-recurring activities. These charges are not representative of ongoing costs to the business and are not expected to recur. As a result, these charges are being excluded to provide investors with a more comparable measure of costs associated with ongoing operations. These non-IFRS financial measures exclude share-based compensation expense, interest expense, income tax, depreciation and amortization, change in fair value of financial liabilities including revaluation of redeemable preferred shares, change in fair value of earnout, earn-in and warrants associated with the merger of Poema, listing expense and onetime non-recurring costs associated with the merger. The company uses these non-IFRS financial measures internally in analyzing its financial results and believes that these non-IFRS financial measures are useful to investors as an additional tool to evaluate ongoing operating results and trends. In addition, these measures are the primary indicators management uses as a basis for its planning and forecasting for future periods. Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for the comparable IFRS financial measures. Non-IFRS financial measures are subject to limitations and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with IFRS. Non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. A description of these non-IFRS financial measures has been provided above and a reconciliation of the company's non-IFRS financial measures to their most directly comparable IFRS measures have been provided in the financial statement tables included in this presentation, and investors are encouraged to review these reconciliations. Gogoro ® Q4 2022 - Investor Presentation 4#5GGR golo gogolo gogoro gola gigora gogoro DO NOT DROP HANDLE WITH CARE Gogoro Q4 2022 - Investor Presentation pogoto gogoro gogoro gogoro DO NOT DROP HANDLE WITH CARE bogoro network 5 LO#6Gogoro Q4 2022 - Investor Presentation CO 6#7DO Gogoro Q4 2022 - Investor Presentation 6 SEC SWAP & GO e ወወወ 98 Go INDIA ZYPP ELECTRIC ANNOUNCED SERIES (B) FIRST CLOSE LED BY gogoro 7#8PUBLIC AND PRIVATE SECTOR INVESTMENTS SPEED-UP ELECTRIC ADOPTION प्रतिषज्ञ प्रमेय वर्धिष्णुर्विश्व afem . "हाराष्ट्रस्य राज्यस्य मुद्रा भद्राय राज ते Government of Maharashtra gogora 00000 CD gogob.network COCO S BELRISE INDUSTRIES DOOOO Electrifying the State of Maharashtra India With a $2.5B Smart Infrastructure Investment Gogoro ® Q4 2022 - Investor Presentation 8#9PILOTS UNDERWAY Gogoro Q4 2022 - Investor Presentation INDIA 8 SINGAPORE + PHILIPPINES + INDONESIA 9#10Gogoro ® Q4 2022 - Investor Presentation FROST & SULLIVAN 2023 BEST PRACTICES AWARD GLOBAL SWAPPABLE BATTERY ELECTRIC SMARTSCOOTER COMPANY OF THE YEAR AWARD 10#11TAIWAN GOGORO NETWORK PENETRATION 1,100,000 825,000 550,000 275,000 8.6% 13% 11.5% 10.9% 10.7% Total Scooter Market Gogoro Taipei City Market share 10% PBGN Market Share PBGN Taipei City Market share 11.5% PBGN Taipei City Market share 20.6% 2020 2021 526k+ Total Subscribers (12/31) Gogoro ® Q4 2022 - Investor Presentation +78.7K 2022 PBGN Registered Units 18.7% POWERED BY + 8.5% PBGN Taipei City Market share gogoro network™ 23.4% 7% 2022 10.7% 2022 PBGN Market Share Data Source: Directorate General of Highways, MoTC, Taiwan 11#12TAIWAN MARKET STATUS UPDATE Electric Two-Wheeler Market 89.8% PBGN Vehicles as Percentage of Total ePTW Full Year 2022 12.0% ePTW as Percentage of Total Vehicles Sold Full Year 2022 10.7% PBGN as Percentage of Total Vehicles Sold Full Year 2022 Gogoro ® Q4 2022 - Investor Presentation Q4 Full Year Gogoro Network Service Expansion GN Revenue (IFRS) $31.4M ↑19.5% YoY $121.6M ↑ 22.2% YoY 2,385+ Locations 15.2% QoQ 1.1M+ Batteries ↑3.8% QOQ 526K+ Subscribers ↑ 4.1% QOQ 380K+ Daily Swaps GN Revenue (On a constant currency basis) $35.4M ↑ 34.6% YOY $129.8M ↑ 30.3% YoY 6.8B+ km Ridden 19.2% QoQ 380M+ Swaps as of 12/31 ↑8.6% QOQ Data Source: Directorate General of Highways, MoTC, Taiwan 12#13TAIWAN GOVERNMENT'S ELECTRIC SCOOTER INITIATIVES $191.5M in subsidies to support the transition to electric two-wheel vehicles. 12% 35% 2022* 100% 70% 2030 2035 2040 2050 Source: "Taiwan's Pathway to Net-Zero Emissions in 2050" by National Development Council, Taiwan. *By November, 2022 Gogoro ® Q4 2022 - Investor Presentation 13#14EV TRANSITION & ADOPTION IN TAIWAN 12% 12% 9% 6% 3% 2.5% 0% 2016 2018 2020 Approx. 1% 2022 Taiwan E-Scooter Penetration Rate India Indonesia E-Scooter Penetration Rate R Gogoro Q4 2022 - Investor Presentation BEEBI OLLISTE Data Source: Directorate General of Highways, MOTC, Taiwan 444 14#15PHASED APPROACH MARKET ENTRY TAIPEI CITY NEW TAIPEI CITY TAICHUNG CITY TAINAN CITY KAOHSIUNG CITY PILOT | ACTIVATION CITY EXPANSION BEGINS ALL MAJOR CITIES Gogoro ® Q4 2023 - Investor Presentation 15#16gogoro IMPACT REPORT Gogoro ® Q4 2022 - Investor Presentation 16#17A LETTER FROM OUR CEO gogoro network 00 D 00 04 14 Gogoro Q4 2022 - Investor Presentation What a difference a decade makes. Ten years ago, few were contemplating the urban energy and transportation transformation or addressing the plight that cities were facing because of air pollution and other negative effects of climate change. But with PM2.5 causing 1.8 million deaths in cities it was clear that we needed to utilize our financial, industrial, and technological capabilities to create accessible sustainable solutions that cities could embrace. We started Gogoro to harness technology innovation to inspire this urban energy and transportation transformation specifically for two-wheel transportation in densely populated cities where we thought the greatest impact could be achieved. We designed an intelligent urban ecosystem to address the urban challenges that were preventing electric two-wheel vehicles from being successful. We created an advanced Smartscooter and Swap & Go battery swapping network that eliminated the need to find parking or wait for a charge. Launched in 2015, the Smartscooter and Gogoro Network have been very successful with more than a half million monthly subscribers, 1 million smart batteries and about 400 million battery swaps. All of this has amounted to Gogoro and its customers avoiding over 600,000 tons of CO2 in the last eight years. I am proud to say that together with our partners and customers we have started an urban sustainability movement in Taiwan that is now gaining ground in new markets across Asia. Today, we are introducing our first Gogoro Impact Report. This report summarizes our commitments and progress in four key strategic areas: Cleaner Planet, Safety & Resilience, Responsible Business and Social Impact. We believe these four areas are key to our success in achieving smarter, cleaner and safer cities. Thank you. Here's to a better world for all of us. Hockley to Horace Luke Founder, chairman and CEO 17#18IMPACT HIGHLIGHTS GHG Emission (Kg-eq.CO2) EMISSION REDUCTION OVER TIME Contributed by raw material and fuel/electricity consumption 125cc Gas Scooter Gogoro Smartscooter -34.8% CO2 Lifetime Riding Distance (KM) Gogoro 2 Series (based on 2020 Taiwan energy mix) 45,000km 125cc Gas Scooter (based on ICE company's official data of fuel efficiency) Gogoro ® Q4 2022 - Investor Presentation ESSEX 4.5 PM 84.4% LESS EMISSION REDUCTION 60 1000 68 LLL NOX Emission of phase 7 ICE 2-wheeler 83.3% LESS 99.9% LESS NHMC Emission of electric 2-wheeler CO 95.4% LESS mg/km EASEX GHG EMISSIONS AVOIDED OVER 10 YEARS 603,000,000м kg 1,330 Central Parks² Yearly CO2 Removal 1. Gogoro Users, Incl. Gogoro Network & GoShare Riders. 2. Sources: Central Park Conservancy. 18#19Q4 & FULL YEAR 2022 BUSINESS HIGHLIGHTS AND FINANCIAL RESULTS Gogoro Q4 2022 - Investor Presentation 8 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 10 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 10 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 19#20Q4 2022 EXECUTIVE SUMMARY gogolo netwo Delivered Q4 '22 Revenue of $95.5M & $107.9M Constant currency basis • Down 20.8% YoY & 10.5% on a constant currency basis as a result of soft overall scooter volume vs Q4 2021. Gogoro Network revenue of $31.4M and $35.4M on a constant currency basis, up 19.5% YoY & 34.6% on a constant currency basis. Executing on our '22 Macro Plans/Strategies Expanding Taiwan channel - Gogoro vehicles available in 509 traditional scooter sales. locations (sales + service capability) in addition to 95 self-owned/ franchised stores. Gogoro and PBGN Market Share in Taipei = 18.7% and 23.4%, respectively for full year 2022 despite the lowest total volume since 2016. Gogoro Q4 2022 - Investor Presentation T Delivered on International Growth Initiatives • . MOU with the State Government of Maharashtra for the deployment of a clean energy ecosystem. MOU with Globe's 917Ventures and the Ayala Group for partnership in the Philippines. Participated in Zypp Electric's most recent funding round to help scale fleet expansion Financial Summary • • Gross margin of 15.0% and non-IFRS gross margin of 17.2%, down 4.3% YoY. Net loss of $12.5M, down from a net loss $14.2M in Q4/2021, primarily due to a $16.4M favorable change in fair value of financial liabilities. Adjusted EBITDA of $9.2M, down from $25.5M in Q4/2021 20#212022 Q4 AND FULL YEAR FINANCIAL RESULTS IFRS Revenue Gross Margin % Net Loss $95.5M 15.0% $12.5M Q4 ↓20.8% YoY ↓6.0% YOY ↓ $1.7M YOY Revenue (On a constant currency basis) $107.9M ↓10.5% YOY Non-IFRS* Non-IFRS Gross Margin % 17.2% ↓ 4.3% YOY Adjusted EBITDA $9.2M ↓ $16.3M YOY FULL YEAR $382.8M 15.1% $98.9M $408.8M 16.8% $41.2M ↑ 4.6% YOY ↓1.6% YOY ↑ $31.5M YOY ↑ 11.7% YOY ↓ 0.1% YoY ↓ $13.7M YOY *Please see a description of these non-IFRS financial measures on slide 2 of this presentation and a reconciliation of the Company's non-IFRS financial measures to their most directly comparable IFRS measures in the financial statement tables included in the Appendix to this presentation Gogoro ® Q4 2022 - Investor Presentation 21#222023 GUIDANCE Gogoro ® Q4 2022 - Investor Presentation 2023 REVENUE $400M - $450M GUIDANCE 22#23gogoro netwo LET'S GO! gogolo potwork Боб 100000 11 11 Q&A 110 00 00 00 gogoro network D D 100 00 1 D DO 00 D 11 10 T DO DO 11 11 DOO 00 DOO OO DOO OO Gogoro Q4 2022 - Investor Presentation 23#24LET'S GO Gogoro Q4 2022 - Investor Presentation 24 24#25Appendix Gogoro ® Q4 2022 - Investor Presentation 25#26Reconciliation of IFRS Financial Metrics to Non-IFRS Reconciliation of Constant Currency Three Months Ended December 31, 2022 2021 IFRS Revenue FX Effect Operating revenues: Revenue excluding FX effect IFRS revenue IFRS revenue YoY change % Revenue excluding FX effect YoY change % Sales of hardware and others $ Gogoro network 64,035 $ 31,431 Operating revenue $ 95,466 $ 8,494 $ 3,958 12,452 $ 72,529 $ 35,389 107,918 $ 94,299 26,294 120,593 (32.1) % 19.5 % (20.8) % (23.1)% 34.6 % (10.5) % Reconciliation of Constant Currency Twelve Months Ended December 31, 2022 2021 IFRS Revenue FX Effect Operating revenues: Revenue excluding FX effect IFRS revenue IFRS revenue YoY change % Revenue excluding FX effect YoY change % Sales of hardware and others $ Gogoro network Operating revenue $ 261,166 $ 121,660 382,826 $ 17,836 8,141 25,977 $ $ 279,002 129,801 408,803 $ $ 266,422 99,587 (2.0) % 4.7 % 22.2% 30.3 % 366,009 4.6% 11.7 % Gogoro ® Q4 2022 - Investor Presentation 26#27Reconciliation of IFRS Financial Metrics to Non-IFRS Reconciliation of Gross Profit and Gross Margin to Non-IFRS Gross Profit and Gross Margin Three Months Ended December 31, 2022 2021 Twelve Months Ended December 31, 2022 2021 Gross profit and gross margin Share-based compensation Exit activities 14,330 1,377 682 15.0% $ 25,265 21.0% 612 57,713 15.1% $ 4,298 61,088 16.7% 612 2,343 Non-IFRS gross profit and gross margin $ 16,389 17.2% $ 25,877 21.5% 64,354 16.8% $ 61,700 16.9% Reconciliation of Net Loss to Non-IFRS Net Loss Three Months Ended December 31, 2022 2021 Twelve Months Ended December 31, 2022 2021 Net loss Share-based compensation (12,532) $ (14,159) $ 11,173 5,038 (98,908) 37,907 (67,362) 5,038 Change in fair value of financial liabilities (16,378) 1,973 (205,938) 7,465 Acquisition-related expenses 4,465 20,855 4,465 Listing expense 178,804 Exit activities 2,275 3,936 Non-IFRS net loss (15,462) (2,683) $ (63,344) $ (50,394) Gogoro Q4 2022 - Investor Presentation 27#28Reconciliation of IFRS Financial Metrics to Non-IFRS Reconciliation of Net Loss to EBITDA and Adjusted EBITDA Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 Net loss Interest expense, net (12,532) $ (14,159) 2,789 2,850 (98,908) $ 9,729 (67,362) 10,463 Provision for income taxes 2 2 EBITDA Depreciation and amortization Share-based compensation Change in fair value of financial liabilities Acquisition-related expenses Listing expense 21,831 25,302 94,807 94,819 12,090 13,993 5,630 37,920 11,173 5,038 37,907 5,038 (16,378) 1,973 (205,938) 7,465 4,465 20,855 4,465 178,804 Exit activities 2,275 3,936 Adjusted EBITDA $ 9,160 $ 25,469 $ 41,194 $ 54,888 Gogoro ® Q4 2022 - Investor Presentation 28