Uber Mergers and Acquisitions Presentation Deck

Strategic Rationale 01 Capacity constraints and climbing transportation costs forcing shippers to adapt their operations $4T¹ Global freight TAM globally World is run by trucks 6%² Estimated transportation spend CAGR through '24 US trucking costs rising faster than GDP 1. Armstrong & Associates, Inc., "Third-Party Logistics Market Results And Trends for 2016" (2016) 2. AT Kearney Analysis. 3. Armstrong & Associates (DTM only) 2 14%² Estimated MT Fees CAGR through '24 11%³ 3PL outsourcing CAGR through last 20 years Shippers are accelerating their adoption of technology and outsourced logistics 13

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