#1Mondee Investor Presentation January 2024#2Safe Harbor Statement (Under the Private Securities Litigation Reform Act of 1995) Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by words such as: "believe," "can", ""may," "expects," "intends," "potential," "plans," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding the Company's future growth, performance, business prospects and opportunities, strategies, expectations, future plans and intentions or other future events are forward looking statements. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Management believes that these forward-looking statements are reasonable as and when made. However, the Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the ability to implement business plans and forecasts, the outcome of any legal proceedings that may be instituted against the Company or others and any definitive agreements with respect thereto, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees, the ability of the Company to maintain compliance with Nasdaq's listing standards, and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's subsequent filings with the SEC. There may be additional risks that the Company does not presently know of or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. In light of the significant uncertainties in these forward-looking statements, you should not rely upon forward-looking statements as predictions of future events. Except as required by law, Mondee undertakes no obligation to update publicly any forward-looking statements for any reason. Market and Industry Data This presentation includes market and industry data and forecasts that the Company has derived from independent consultant reports, publicly available information, various industry publications, other published industry sources, and its internal data and estimates. Independent consultant reports, industry publications and other published industry sources generally indicate that the information contained therein was obtained from sources believed to be reliable. Although the Company believes that these third-party sources are reliable, it does not guarantee the accuracy or completeness of this information, and the Company has not independently verified this information. The Company's internal data and estimates are based upon information obtained from trade and business organizations and other contacts in the markets in which the Company operates and management's understanding of industry conditions. Although the Company believes that such information is reliable, it has not had this information verified by any independent sources. Non-GAAP Measurements In addition to disclosing financial measures prepared in accordance with generally accepted accounting principles in the United States (GAAP), this presentation and the accompanying tables include adjusted EBITDA non-GAAP net income, and non-GAAP EPS. These non-GAAP financial measures are not calculated in accordance with GAAP as they have been adjusted to exclude the effects of stock-based compensation expenses, provision for income taxes, and the impacts of depreciation and amortization. Mondee defines adjusted EBITDA as net loss before depreciation and amortization, provision for income taxes, interest expense (net), other income net, stock-based compensation, and gain on forgiveness of PPP loans. Non-GAAP net income (loss) is defined as net loss before the impacts of amortization of intangibles, provision for income taxes, stock-based compensation, and one-time items. Non-GAAP net income (loss) per share is defined as non-GAAP net income (loss) on a per share basis. See "Reconciliation of GAAP to Non-GAAP Financial Measures" for a discussion of the applicable weighted-average shares outstanding. Mondee believes these non-GAAP financial measures provide investors and other users of its financial information consistency and comparability with its past financial performance and facilitates period-to-period comparisons of its results of operations. With respect to adjusted EBITDA and non-GAAP net loss/ income, Mondee believes these non-GAAP financial measures are useful in evaluating the Company's profitability relative to the amount of revenue generated, excluding the impact of stock- based compensation expense and other one-time expenses. Mondee also believes non-GAAP financial measures are useful in evaluating its operating performance compared to that of other companies in its industry, as these metrics eliminate the effects of stock-based compensation, which may vary for reasons unrelated to overall operating performance. Mondee uses these non-GAAP financial measures in conjunction with traditional GAAP measures as part of its overall assessment of the Company's performance, including the preparation of its annual operating budget and quarterly forecasts, and to evaluate the effectiveness of its business strategies. Mondee's definition may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish this or similar metrics. Thus, Mondee's non-GAAP financial measures should be considered in addition to, not as a substitute for, nor superior to or in isolation from, measures prepared in accordance with GAAP. These non-GAAP financial measures may be limited in their usefulness because they do not present the full economic effect of Mondee's use of stock-based compensation. The Company compensates for these limitations by providing investors and other users of its financial information a reconciliation of the non-GAAP financial measure to the most closely related GAAP financial measures. However, Mondee has have not reconciled the non-GAAP guidance measures disclosed under "Financial Outlook" to their corresponding GAAP measures because certain reconciling items such as stock-based compensation and the corresponding provision for income taxes depend on factors such as the stock price at the time of award of future grants and thus cannot be reasonably predicted. Accordingly, reconciliations to the non-GAAP guidance measures are not available without unreasonable effort. Mondee encourages investors and others to review its financial information in its entirety, not to rely on any single financial measure and to view non-GAAP net loss/ income and non-GAAP net loss/ income per share in conjunction with net loss and net loss per share. Trademarks This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SM O or symbols, but Mondee will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. Ⓡ 2#3Full Presentation#4We Have a Proven C-Suite Team Aligned to Execute Our Vision Executive team with 125+ years of combined experience in the travel and hospitality industry Prasad Gundumogula Chairman, Chief Executive Officer, and Founder Serial entrepreneur. Founder of Metaminds, Explore Trip, LogixCube, POD Technologies with successful exits Orestes Fintiklis Executive Vice Chairman Founder and Managing Director of Ithaca Capital. Former CEO of ITHAX Acquisition Corp. Jesus Portillo Chief Financial Officer Experienced global CFO. Former WPP, ThriveDX, Illumno Jim Dullum Chief Operations Officer Experienced travel and technology executive and entrepreneur. Former EDS (an HP company), BTI Americas, Citicorp Miten Mehta CMO &Chief Of Al Solutions Experienced in transforming customer journeys and digital experiences. Former Google and Fractal Venkat Pasupuleti Chief Technology Officer Experienced CTO and entrepreneur. Former Avesta, Zoom Interview, Eze Technologies Yuvraj Datta Chief Commercial Officer Experienced travel executive focused on supplier and revenue management, Skylink Geetika Gupta Chief People Officer Experienced global talent management and organizational development executive, Accenture Meredith Waters General Counsel Experienced corporate attorney. Former Apple Inc., Kirkland & Ellis LLP 4#5Enabling the Modern Travel Ecosystem Content Suppliers Discounted Content Long-Term Contracts Real-Time Pricing Data RMS Integration 0000 HOTEL Airlines Hoteliers Wholesalers Ancillary Providers 500+ Airlines 1M+ Hotels, Vacation Rentals, Rental Cars 1As of May 31, 2023. Inclusive of management estimates Mondee Software Fintech Experiential Content Consumers ↑ Access to Curated Supply Modern Tech Platform SaaS Tools to Operate Efficiently Significant Cost Savings SMB Travel Experts Corporations SMB's & Consumers Nonprofits One of the Largest in North America Wholesale Airfare¹ 80% International Leisure ~65K B2B Customers¹ 125M+ Closed User Group Access¹ 5#6We Are Disrupting the Massive Global Assisted / Affiliated Travel Market Mondee's gross bookings total addressable market is primarily the $1T and growing assisted/affiliated travel market Global Travel Spending: ~$2.1T (2023E) Self Service • Good GUIs • Retail Prices • Low Tech • No Touch Metasearch trivago KAYAK Airline, Hotel, Car Rental Sites Marriott. DELTA 1Based on management estimates. Sources: PhocusWright, IBIS, Management Estimates OTAS Expedia® Booking.com ~$1.0T 49% Mix ~$1.1T 51% Mix Mondee SMB ~50/50 business / leisure mix¹ ~50/50 domestic / international mix¹ Many users transact on both sides Travel Agencies Assisted/Affiliated . Poor GUIs • ⚫ Legacy Clubs & Closed • User Groups Low Tech Gig Economy Workers SMBs & Businesses Travel Management Companies (TMCs) • High-Touch Service 6#7A Leading B2B2C Tech Platform to Travel Ecosystem Suppliers Airlines श्री Hoteliers Legacy Distribution Technology Platforms COMAND COMANDXXXX COMAND 225 COMAND... XXXX COMAND COMAND COMANDXXXX**** COMAND- COMAND... XXXX Travel Agent e Mondee's Platform Диков ср Hello, Abhi here Trace Experiences with The Cutting Ege Gracie Al Cheb for Marble Tripe MONDEE The future of travel. Now. Trips Consumers Travel Agents Corporations Wholesalers A Ancillary Providers E • Incomplete content (e.g., no low-cost carriers, no alternative accommodations) • Text-based; not extendable to mobile • Lack of modern messaging capabilities • Credit-card focused for payments • Inability to link search results and marketing messaging . Comprehensive global content • Modern user experience, extendable to mobile - • Full suite of communication tools integrated phone, email, SMS, and chat ⚫ Fintech platform, tailored to the travel market • Multi-channel marketing platform SMB's & Nonprofits SMB Consumers (subscription members) Mondee helps suppliers optimize inventory and utilize excess capacity Mondee helps customers modernize technology, gain access to broader content, and narrowcast their distribution 7#8Compelling Economic Model with Diversified Revenue Streams Ná Pre COVID International Travel Recovery¹ Take Rate Air Transaction Mix Net Revenue Mix (Especially China) ~4-5% 100% ~80% 2022 69% 7.4% LT Target 100% Double Digits 1Source: OAG.com, relative to 2019 ~50% No Inventory Risk No Supplier Concentration No Customer Concentration Strong Network Effects Consumer Economics Markup Supplier Economics Commissions Diversified Revenues GDS/NDC Fintech Ancillaries Subscriptions 8#9Pre-Pandemic Record of Rapid Growth and Market Share Expansion Mondee is building on a track record of exponential profitable growth, disruptive market penetration and delivering on key operating metrics since launching its initial modern operating system. Net Revenue ($Millions) Daily Searches Acquisitions Organic Growth $3B 170 Gross Bookings through the Marketplace 62% CAGR, incl. M&A 77 5.4M Air Transactions 23% Adjusted EBITDA Margin in 2019 $171M Organic + Inorganic Revenues in 2019 50M 40% and 62% Organic and Inorganic CAGR's, 2015-2019 $40M Adjusted EBITDA in 2019 3 210 40% Organic CAGR 159 TripPro 93 93 75 Launch¹ 69 Mondee founded 48 54 25 Hotel, Car, Cruise, Ancillary Expansion 2011 Market share² (%) 1.9 2.2 2.4 3.5 4.6 2019 $70b NA wholesale Airfare market 2.4x Market share growth Sources: Mondee financials, PhocusWright 1 In conjunction with the launch of TripPro, Prasad Gundumogula led a management buyout of the business and became CEO 2 Market share defined as Mondee's gross bookings as a proportion of gross bookings generated from B2B airfares for the North American market 3 Proforma 2023 guidance 10 10#10The Gig Traveler is Setting the Pace for Social Commerce in Travel Solutions: Products and services Intermediaries and Distribution Needs and Requirements Pre-2000s Boomers 2010s 2020s Gen X Millennials Aggregated Content Accessibility to Inventory Pricing/Fare Transparency Price Sensitive Self-Service Support Search-Based Content "Bleisure" Groups Online Support Travel Affiliates SMES, Corporate Travel Agents Managed Travel Travel Experts Self Serviced Travel Electronic Web Payment Cloud Privacy Personal Computing Online Mobile 2025s Gen Z Shifting Influence Levels Gig Traveler Personalization Experiential Content Real-Time, Always On FOMO Curated Content Multi-Tasker/Role Functionality Influencers Content Curators Cost-Sensitive Return-to-Travel Al & Machine Learning Member-Based Travel Social Commerce Conversational Commerce 11#11Abhi - Al Travel Marketplace MOBILE APP Seamless desktop to mobile experience Build itineraries G יון Mondee Roundtrip Oneway Multicity R From SFO, San Francisco To LHR, London 20+ Currencies and languages First-in-kind CRUISE PLATFORM Abhi, the First Fully Integrated Al Travel Assistant Engages with users in meaningful conversations Understands complex questions Offers comprehensive responses Provides personalized suggestions Completes bookings and makes changes to existing bookings Support- Prasad Gundumogula - Bag What is the trendiest beach club in Greece right now for someone in their 30s who likes house music? now for someone in their 30s who likes youre looking for a to ach club in Greece ou should check out If you're looking for a trendy beach club in Greece that plays house music, then you should check out Cavo Paradiso. It's located on the island of Mykonos and is known for its beautiful beaches, its lively atmosphere, and its amazing house music. the island of is beautiful beaches, amazing house mmer long and is a and tourists alike. ease choose Mein vel needs or talk to our Depart 02/16/2022 Travelers 1 く Return 02/23/2022 Class ΣΕ Business + Add Traveler Search Flights → Global content hub 2.0 Enhanced content for air, hotel, car, cruise, packages, ancillaries Abhi can create a custom travel experience guide Map MONDEE Prasad, we have cated Iteracy for you with you have the portant to mak mes that you wil DAY 1 MYKONOS Explore Your 5 Day Trip to Mykonos, Greece 5 days trip to My д Book in social platform of choice Home Cruise Collaborate with friends or family to book travel Day Trip Mphares, Ge DAY 1 Little Venice Satle N Mykonos el of Mykorun the in the waterfront. It is lens to colorful dings and charming The popular with tout of the Aegean Sex and MIKE JOJO Ë the teen center Thea Venetias style traildings that line the Talliacs are typically white with bluetrin and they have balconies that owook the The trees at Lake area and Madis The and eaks theamsets Litle Venice is a charming area ef Mykonos that is locking lar a unique and menarable experience Lasation utes C DAY 2 Delos Mykonos Acties to do w Paradise Beach Chora Delos DAY DEL#12We Are Unlocking Multiple B2B2C Growth Drivers Mondee Market New Content & Technology New Distribution Gain Market Share International Travel Recovery Experiential Content Enhanced Monetization Additional Geographies Social Commerce Inorganic Growth Air Hotels Cruises Car Rentals China and other markets Tours Concerts/Events Fintech Digital Cards Subscriptions LATAM India Europe Local Experts Influencers Gig Economy Content Technology Distribution Social Commerce 13#13Demonstrated Track Record of Recovery and Product Expansion $184M² $25M $170M¹ $93M TRIPPRO FOUNDATIONAL LAUNCHED MODERN ACQUISITIONS TECH PLATFORM EXPANSION ACQUISITIONS Tripplanet LAUNCHED CLOSED USER GROUP BRAND Nasdaq: MOND PUBLICLY LISTED ON NASDAQ CONTENT: AIR HOTELS & CAR RENTAL CRUISES & THEME PARKS DISTRIBUTION: TRAVEL AGENTS GIG ECONOMY SMBS & MEMBER ORGANIZATIONS INFLUENCERS GEOGRAPHIES: NORTH AMERICA OUTBOUND INTERNATIONAL OUTBOUND 2011-2014 2015-2018 2019 2020 2021 2022 2023 1. Pro Forma for 2019 and 2020 acquisitions. 2. Proorma 3Q23 TTM. Note: Figures denote Net Revenues ALL TRAVEL CONTENT CLOSED GROUPS GLOBAL TRANSFORMATION 14#14Proven Ability to Execute On Synergistic Acquisitions Mondee has been successful in executing and maximizing the value of acquisitions, regardless of market conditions 1 jFOUNDATIONAL ACQUISITIONS EXPANSION ACQUISITIONS 2011 2012 2013-18 2019 2020 2021-22 Skylink One of the largest North American consolidators serving India 2 Exploretrip Retail flight business and technology platform TransAm LBF Travel 5 1 5 One of the largest North Retail travel company Cosmopolitan Travel Services American travel companies serving South America and the with extensive call center operations South Pacific One of the largest and fastest growing North American travel company 2 Hariworld Hotelwiz 9 2 Leto Travel Consolidator focused on Hotel content hub 6 Canadian consolidator the Middle East and Southeast Asia THIRD WAVE OF ACQUISITIONS 2023+ Orinter Brazil and LATAM hotel, air, transportation travel company Consolid Mexico hotel, air, transportation travel company 3 Interep Brazil luxury hotel, air, cFares Aavan Vacations Bookingwiz Rocketrip 3 7 3 7 transportation travel Metasearch engine Tour company with Marketing and ad platform extensive content for travel Corporate travel incentives platform company 4 Skypass International corporate and C&H 4 One of the largest North American consolidators serving Asia Avia Travel 4 Travel club platform Content Technology Distribution 5 SMB travel company Purplegrids Al Platform 15#15Mondee M&A Strategy and Year-to-Date Acquisitions Rationale . Mondee M&A Strategy Expanding presence in key markets Accelerating organic growth Delivering synergies Transacting at accretive valuations ORINTER Acquisition A MONDEE COMPANY interep Acquisition CONSOLID México Acquisition THE SKY ASS Acquisition Expands content and distribution in Brazil and Latin America Expands luxury content and distribution in Brazil and Latin America Expands content and distribution in Mexico and Latin America ✓ Natural expansion of Mondee's geographic footprint to growth regions throughout the globe GROUP Expands distribution to SMBs and international corporations ע Accelerate Organic Growth Unique product, distribution and tech • Faster than developing components internally ✓ Access to Orinter's direct hotel contacts Leverage Orinter's distribution of 4,800+ travel experts ✓ Access to Interep's direct hotel contacts Leverage Interep's local expertise and distribution of 3,100 active travel experts Access to Consolid's direct hotel contacts ✓ Leverage Consolid's local expertise and distribution of 1,000 customers globally ✓ Access to Skypass's hotels, cruises, vacation packages, recreational travel, and humanitarian Leverages Skypass's local expertise and distribution of SMBS and international consulting firms Synergies Realizing revenue and cost synergies ✓Cross-selling opportunities ✓ Revenue and cost synergies through the deployment of Mondee's superior tech کر Accretive Valuation Acquiring companies that improve Mondee's metrics at accretive valuations Orinter enjoys 13% take rate and 30% EBITDA margin Purchase price of $40 million implies multiple of 4X Orinter's 2022 EBITDA of $9.3 million Interep enjoys 9.5% take rate and 28% EBITDA margin Purchase price of $8.9 million implies multiple of 3.2X Interep's 2022 EBITDA of $2.8 million ✓Consolid generated adjusted EBITDA of $1M+ in 2022 Purchase price of approximately $4 million implies an EBITDA multiple of 4X Skypass generated adjusted EBITDA of $4M in 2022 Purchase price of approximately $15 million implies an EBITDA multiple of ~4X 16#16Financial Overview#17Third Quarter 2023 Financial Highlights 1,2 696K | 18% | 47% Transactions, Reported Growth, and Proforma Growth $597M | 2% | 15% Gross Bookings³, Reported Growth, and Proforma Growth $55M | 35% 166% Net Revenue, Reported Growth, and Proforma Growth ~$5.5M | 54% Adjusted EBITDA and Growth Adjusted EBITDA Margin of 10.1% 4,5 9.1% | 35% Take Rate and Growth 1 All figures as end of the quarter ended September 30, 2023 unless otherwise noted, and 3Q23 compared with 3Q22 2 On a proforma basis, excluding LBF divestiture 3 Gross Bookings was previously called Gross Revenue; 4 As a percentage of net revenue 5 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. 18#182022 Financial Highlights $2.1B | 122% Gross Bookings and Growth¹ $159M 71% Net Revenue and Growth¹ $11M | 7% Adjusted EBITDA 2,3 and Growth¹ 2.1M+ Transactions All figures as of and for the year ended December 31, 2022, unless otherwise noted 12022 compared with 2021 2 As a percentage of net revenue 3 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. 7.4% Take Rate 1,283 bps Adjusted EBITDA Margin Expansion 1,2,3 19#19We Accelerated Our Growth Despite Slower Market Recovery in International Travel Annual Gross Bookings ($ millions) CAGR: 118% $1,658 $450 $966 $2,149 Average Net Revenue Per Transaction (ARPT) ($) $27 $65 Take Rate Improvements $75 $71 2019 2020 2021 2022 2019 2020 2021 2022 20 20#20Driving Towards Growing Profitability Drivers of Margin Expansion Adjusted EBITDA and Margin ($ millions) 14% (37%) (6%) 7%² 12%3 23%¹ $40¹ $13 ($5) 2019 ($24) 2020 2021 1 Represents EBITDA and margin pro-forma of acquisitions done in 2019 and 2020. 2 See Appendix of this presentation for non-GAAP reconciliation tables 3 Proforma 2023 guidance 4 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables $122 $253 2022 2023E Market Share Gain || Take Rate Expansion Operating Leverage Fintech & Subscription Products Disciplined, Accretive M&A 21 21#21We are Supported by Improving Operating Leverage Annual Cash Based Opex ($ millions) $102 $86 2019 Mondee $112 $161 2020 2021 20222 Personnel Sales & Marketing G&A Information Technology Other 1 Excludes stock-based compensation expense of $17K, $15K, $4M, and $62M in 2019, 2020, 2021, and 2022, respectively. 2 Also excludes a one-time $2.1 million restructuring expense. 22 22#22Balance Sheet Summary ($ millions, except share numbers) September 30, 2023 Cash, Cash Equivalents and Restricted Short-Term Investments $47.9 (includes $8.0M of restricted cash) Total Debt Redeemable Preferred Stock Shares Outstanding $155.5 (includes $10.3M of current portion of LTD) $92.5 85.7 23#23LBF Divestiture¹ YTD ($ thousands) FY2022 1Q23 2Q23 3Q23 2023 Reported Net Revenue 159,484 49,929 56,771 54,532 161,232 Divested LBF Net Revenue ¹ (32,784) (4,519) (2,226) = (6,745) Proforma Net Revenue 126,700 45,410 54,545 54,532 154,487 % YOY Growth 54% 56% 66% 59% Reported Adjusted EBITDA 11,881 4,157 4,438 5,501 14,096 Divested LBF Adjusted EBITDA (5,314) (4,372) (881) (5,252) Proforma Adjusted EBITDA 17,195 8,529 5,319 5,501 19,349 Proforma Margin 14% 19% 10% 10% 13% 1 LBF was divested on July 1, 2023 24 14#24Proforma 2023 Guidance and Long-Term Model ($ millions) Take Rate Net Revenue YoY Growth 2019A 2022A Proforma 2022¹ Proforma 2023E¹ Long-Term Target² 5.5% 7.4% Double-digit $93 $159 $127 ~$210 24% 71% NA 66% 30%+ Adjusted EBITDA $13 $12 $17 ~$25 YoY Growth % Margin NA 45% 14% 7% 14% 12% 30%+ 1 Proforma excludes LBF as of January 1, 2022 and January 1, 2023 2 These long-term targets are forward-looking, are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. Nothing in this presentation should be regarded as a representation by any person that these objectives will be achieved and the Company undertakes no duty to update its objectives as circumstances change. 25#25Valuation Expansion Opportunity¹ Despite a higher growth profile, Mondee trades at a discount to peers Mondee EaseMyTrip.com airbnb make my trip amaDeus Average EV/Revenue 1.8x 10.1x 6.7x 4.7x 5.2x 6.7x EV/EBITDA Revenue Growth 12.9x 26.0x 18.6x 30.2x 13.7x 22.1x 16% 20% 11% 17% 13% 13% Implied Mondee Stock Price at Same Revenue Multiple² $33 $17 $11 $8 $9 $11 1 Data source: Capital IQ as of 11/27/23; Numbers are rounded and are based on calendar 2024 Street means as of 11/17/23 2 Implied Mondee stock prices are based on peer's EV / Revenue Multiples 3 Mondee (MOND) actual stock price as of 11/27/23 26#26Key Investment Highlights Disrupting the Massive Global Travel Market Significant Barriers to Entry 24 Next-Gen Travel Tech Platform Proven Leadership Team Multiple Levers of Growth 13 Profitable Growth with Expanding Margins#27Contact Mondee Investor Relations We would welcome the opportunity to schedule a call to answer any questions you may have. e email IR at [email protected] Learn more at www.investors.Mondee.com 28#28Appendix#29Chairman's Message on Q3 2023 Results Prasad Gundumogula Founder, Chairman, and Chief Executive Officer Mondee's third quarter 2023 ("Q3 23") accomplishments in key areas were marked by... Delivered Strong Q3 23 Results • Net Revenue of $54.5M, up 35% from prior-year quarter, and 66% proforma excluding LBF. Adjusted EBITDA of $5.5M, up 54% from prior-year quarter. Take Rate of 9.1%, up 35% from prior-year quarter. External Drivers to Gross Bookings Growth International leisure travel from North America to China continues to improve. ⚫ The Latin American market remains resilient, while travel to the Middle East may be impacted by recent events. Mondee's business model is resilient to potential softening of the North American travel market. Enhancing Al-Powered Travel Marketplace • Expanding distribution to new-era intermediaries, i.e., social-media influencers, freelancers, and concierge services. Global content hub expansion, including hotels, cruises, and packages. Innovative Al Acquisition; Focus on Integration and Synergies • • Acquisition of Purplegrids for 1.9 million shares, adds a leading Al platform and an elite Al team. Focusing on integrating recent acquisitions, capitalizing on cross-selling opportunities and synergies, and strengthening core business and next-gen Al-powered platform. Other Positive Developments Inaugural share repurchase program on September 21, 2023. • July divestiture of non-core, non-performing LBF unit, enhancing profitability. • • Added to the S&P Total Market Index (TMI) on September 15, 2023. • Transformative rebranding on October 11, 2023. 1 Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. 30#30Travel Industry Update 1,2,3 Mondee is well positioned in the current environment with 80% North America outbound international (mostly leisure) travel, our agile distribution model and leading Al platform. North America air sales at 2019 levels, average fares moderating from prior post-COVID highs. Industry infrastructure constraints remain, primarily personnel, but are now easing. China-led Asia market continues to rebound, though airline capacity lags. Latin American market is running ahead of 2019, especially in hotel and vacation rentals, with airline capacity fully recovered. Hotel demand remains strong, supporting higher room rates. Alternative accommodation demand still growing and remains strong, vacation rentals beginning to stagnate. Labor shortages remain an issue for capacity growth. Travel industry continues to recover to its mega-trend track. Pent-up demand is moderating and demand softening slightly in some markets while others remain strong. ¹Airline Reporting Corporation 2023 vs 2022 and 2019 US point-of-sale domestic and international ARC carrier scheduled air sales and tickets as of 6/30/2023 2Skift State of Travel Master Deck July 2023 3 CruiseLines International Associations: 2022 State of the Cruise Industry Outlook; Statista Report: Revenue of the Cruises Market Worldwide 2018 to 2027; Cruise Industry Worldwide: Facts & Statistics Cruise industry almost back to 2019 level, expected to exceed it in 2024. Pre-cruise and on-board ancillary spend higher than air fares, enabling packaged experiences opportunities. Millennials and GenZs more important, >80% planning to cruise now. Market demographics evolving quickly. Year-over-year increases in combined business-leisure travel. Increasing consumer use of experts and intermediaries. 31#31Millions ($) Billions ($) 30 25 20 15 10 5 Travel Industry Update 1,2,3 ARC Air Sales 8 7 6 Global Travel Health Index Score by Region (Weighted Average) Asia Pacific ― Europe 120 110 100 90 80 - Latin America Middle East and Africa -North America 2019 Hotel Occupancy vs ADR 70 3 60 2 50 1 40 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan- Mar- May- Sep- Nov- Jul-2202 2022 2022 2022 2022 2022 Jan- 2023 Mar- 2023 May- 2023 2020 -2023 -2022 2019 ARC Air Transactions 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2027 Global Spending by Travelers Combining Business with Leisure (in USD Billion) 2021 $150 Post Covid Growth vs 2019 levels ADR leads occupancy Share of Bookers Using a Travel Advisor to Book Their Cruise $360 44% 38% ¹Airline Reporting Corporation 2023 vs 2022 and 2019 US point-of-sale domestic and international ARC carrier scheduled air sales and tickets as of 6/30/2023 2Skift State of Travel Master Deck July 2023 ³Cruise Lines International Associations: 2022 State of the Cruise Industry Outlook; Statista Report: Revenue of the Cruises Market Worldwide 2018 to 2027; Cruise Industry Worldwide: Facts & Statistics 68% 2021 ADR Occupancy 2022 69% 66% Traditionalists Boomers Gen X Millenials Gen Z 32#32Mondee Leverages its Content Flywheel and Tech Platform to Revolutionize Social Travel Ability to Customize t!t Expert-Based Community Model One-Stop Shop Social Commerce Mobile First Enabling Gig Economy in Travel m « Mondee Access to Experts High Quality Experiences Pre-Curated Offering 33#33Post-Nasdaq-Listing Capital Structure Improvements Raised $85M of Preferred Equity Growth Capital announced on 9/29/22 Purchased 12M Public Warrants via Tender Offer Process announced on 10/21/22 $ $ Enables Mondee to execute aggressive M&A strategy Use of proceeds Cash on balance sheet to support organic growth plans 100% of public warrants retired Working capital and fintech optimization Limits potential dilution and simplifies capital structure Creates value for common shareholders Focuses long-term investors' attention on the common equity 34#34Lufthansa UNITED Without Mondee, Booking a Curated Trip is a Neverending Headache The average person searches 20+ sites when StubHub planning a curated trip TURKISH AIRLINES DELTA SEAT GEEK Tickets tkts Vividseats RESY H Air Emirates airbnb HILTON WORLDWIDE HYATT Marriott Lodging Vrbo AVIS Budget Car Rental enterprise TURO Reservations Tours/ Experiences OpenTable GET YOUR GUIDE thefork a Tripadvisor company tock Viator Tours By LOCALS Hertz (KLOOK 35#35Board of Directors with Diverse Experience Mondee's Board of Directors with diverse and extensive experiences in public companies. Prasad Gundumogula Chairman, Chief Executive Officer, and Founder Orestes Fintiklis Vice Chairman and Chief Corporate Strategy and Business Development Officer Asi Ginio Co-Founder, Former CPO, COO, CEO, Tourico Holidays Inc. Mona Aboelnaga Kanaan Managing Partner, K6 Investments LLC Roopa Purushothaman Chief Economist, Head of Policy Advocacy, Tata Sons Private Limited Noor Sweid Founder, General Partner, Global Ventures Pradeep Udhas Co-Founder, Senior Advisor, KPMG India 36#36Reconciliation of GAAP to Non-GAAP Financial Measures KEY METRICS Transactions Take rate Gross bookings Net revenue YoY Growth QoQ Growth ADJUSTED EBITDA RECONCILIATION Net income (loss) 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 462,931 549,729 591,760 533,110 2,137,530 665,173 721,464 695,694 8.5% 7.5% 6.9% 6.9% 7.4% 7.5% 8.4% 9.1% 459,091 606,475 583,388 499,847 2,148,801 668,079 679,244 597,451 39,067 45,656 40,513 34,248 159,484 49,929 56,771 54,532 71% 190% 94% 77% 3% 17% 17% (11)% (15)% 28% 24% 35% 46% 14% (4)% Interest expense (net) 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 (6,991) (2,113) (64,608) (16,526) (90,238) (12,915) (14,608) (20,099) 6,102 6,467 7,129 6,319 26,017 7,870 8,125 8,497 Stock-based compensation expense 80 81 55,236 6,645 62,042 2,561 4,804 2,974 Payroll tax expense related to stock- based compensation Depreciation & amortization 2,817 Restructuring expense 2,769 2,963 3,221 2,130 412 11,770 2,542 3,386 1,529 86 140 3.803 4,165 (168) 239 Changes in fair value of Warrant liability (683) 791 108 21 (393) (744) Legal expense 744 744 662 577 785 Income tax provision 54 Gain on forgiveness of PPP loan 236 (2,009) 321 (484) 127 699 2,008 381 (2,009) Warrant transaction expense 326 326 M&A costs 279 264 545 LBF US divestiture and transition service expense 9,327 Other expenses (income), net (14) (155) 1,060 (603) 288 (322) (984) (138) Change in fair value of acquisition earnout liability 165 (760) 19 (20) (596) 171 530 (593) Other non-recurring expenses 394 22 Sale of export incentives 760 Adjusted EBITDA 2,213 4,516 Adjusted EBITDA margin 5.7% 9.9% 3,567 1,585 8.8% 4.6% 760 11,881 7.4% 216 4,157 4,438 5,501 8.3% 7.8% 10.1%#37Reconciliation of GAAP to Non-GAAP Financial Measures ADJUSTED NET INCOME RECONCILIATION Net Income (loss) Stock-based compensation expense Amortization intangibles Income tax provision One-time expenses 168 Adjusted Net Income (Loss) 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 (6,991) (2,113) (64,608) (16,526) (90,238) (12,915) (14,608) (20,099) 80 81 55,236 6,645 62,042 2,561 4,804 2,974 1,585 1,584 1,584 1,585 6,338 1,960 2,329 2,458 54 236 321 (484) 127 699 2,008 381 (2,683) 1,675 2,492 1,651 2,878 1,204 9,581 (5,104) (2,895) (5,792) (6,288)|(20,080) | (4,817) (4,263) (4,705) ADJUSTED EPS RECONCILIATION Net Income (Loss) Cumulative Dividends Allocated to Preferred Stockholders Net loss attributable to common stockholders Common shares outstanding Net loss per share (EPS)¹ Adjusted Net Income (Loss) Cumulative Dividends Allocated to Preferred Stockholders Adjusted net income (loss) attributable to common stockholders Diluted shares outstanding Adjusted EPS 2 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 (6,991) (2,113) (64,608) (16,526) (90,238) (12,915) (14,608) (20,099) (47) (2,276) (2,323) (2,478) (2,686) (2,859) (6,991) (2,113) (64,655) (18,802) (92,561) (15,393) (17,294) (22,958) 60,800 60,800 72,463 82,266 67,369 83,749 77,198 77,926 (0.11) (0.03) (0.89) (0.22) (0.29) (5,104) (2,895) (5,792) (6,288) (20,080)|(4,817) (4,263) (4,705) (1.37) 7) (0.18) (0.23) (47) (2,276) (2,323) (2,478) (2,686) (2,859) (5,104) (2,895) (5,839) (8,564) (22,403) (7,295) (6,949) (7,564) 60,800 60,800 72,463 82,266 69,082 83,749 77,198 77,926 (0.08) (0.05) (0.08) (0.10) (0.32) (0.09) (0.09) (0.10)#38Reconciliation of GAAP to Non-GAAP Financial Measures LBF US Divestiture PROFORMA³ FY22 Gross bookings 2,148,801 Divested LBF US gross bookings Proforma gross bookings 244.167 1,904,634 611,746 1Q23 668,079 56.333 2Q23 679,244 3Q23 597,451 29.781 649,463 597,451 YoY growth 52% 23% 15% QoQ growth 36% 6% (8)% Proforma take rate 6.7% 7.4% 8.4% 9.1% Net revenue 159,484 49,929 56,771 54,532 Divested LBF US Net Revenue 32.784 4,519 2,226 Proforma net revenue 126,700 45,410 54,545 54,532 YoY growth 54% 56% 66% QoQ growth 54% 20% ―% Adjusted EBITDA 11,881 4,157 4,438 5,501 Divested LBF US adjusted EBITDA (5,314) (4,372) (881) Proforma adjusted EBITDA 17,195 8,529 5,319 5,501 Adjusted EBITDA Margin 13.6% 18.8% 9.8% 10.1% Net income (loss) (90,238) (12,915) (14,608) (20,099) Divested LBF US net income (loss) Proforma net income (loss) (9,142) (5,296) (1,303) (81,096) (7,619) (13,305) (20,099) Divested LBF US Adjusted EBITDA Reconciliation FY22 1Q23 2Q23 3Q23 Divested LBF US net income (loss) (9,142) (5,296) Depreciation & amortization 685 172 (1,303) 172 One-time expenses 3,143 752 250 Divested LBF US adjusted EBITDA (5,314) (4,372) (881) 'Net loss per share (EPS) includes cumulative dividends allocated to preferred stock holders. 2 Adjusted loss per share for 2022 and 2023 interim periods are updated by including the impact of cumulative dividends allocated to preferred stock holders and the anti-dilutive effect of diluted shares. 3 The unaudited pro forma financial information presented the results of operations as if the divestiture of LBF US was consummated on January 1, 2022. These unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the company would have been if the divestiture had occurred at the beginning of the period presented, nor are they indicative of future results of operations.