Cazoo Investor Presentation Deck slide image

Cazoo Investor Presentation Deck

$630m convertible provides cash balance to support continued execution of the strategy Size Security Key Terms Use of Proceeds PF Cash Balance Investors [1] Market data as of 09-Feb-22 CAZOO Investor Presentation $630 million • Convertible senior unsecured notes, convertible into Class A ordinary shares of Cazoo, offered as a private placement ● Ranking: Senior unsecured obligations and rank pari passu with any other senior unsecured indebtedness • Maturity: 5 years • Coupon: 2.0% • Conversion Price: $5.00 (which represents approximately a 20% premium to the trailing 5 trading day VWAP of the shares][¹] • Provisional Call Right: Non-callable for 3 years, provisionally callable thereafter at 150% of conversion price without make-whole At closing, a Current Report on Securities and Exchange Commission ["SEC"] Form 6-K will be filed with the SEC which will describe the investment in additional detail, including exhibits with copies of associated transaction documentation. • The Company receives gross proceeds of $630 million which are intended to be used to support the Company's continued growth and expansion strategy, for general corporate purposes and to pursue strategic opportunities that may arise • The new proceeds, combined with Cazoo's existing cash and cash equivalent position of ~$260 million as of December 31, 2021, will leave the Company with a pro forma cash balance approaching $900 million following the Transaction • The Transaction is led by new investor Viking Global Investors alongside participation from several existing shareholders including Mubadala Investment Company, D1 Capital and Willoughby Capital as well as other new and existing investors 10
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