Travel & Mobility: Company Presentation by Vikram Chopra, Cars24 at the NOAH Conference 2018 in London, Old Billingsgate 30-31 October 2018.

2. Three Conferences, One Mission: Empower the European Digital Ecosystem
To provide a physical marketplace
that facilitates funding of
digital European companies
at all stages
Mission Mission Mission
To promote Israel - European
relationships and enable funding
To bring together future-shaping
executives and investors active
across segments driven
by digital revolution
Connecting
Capital with
Entrepreneurs
Connecting European
Champions
and Challengers
Connecting Israel’s Startups
with Large Corporates
and Investors
30-31 October 2019
Old Billingsgate, London
13-14 June 2019
STATION Berlin
9-10 April 2019
Hangar 11, Tel Aviv

3. Source: https://focus2move.com/world-car-market/
India poised to be 3rd largest car market in the world

4. Number of Used Cars Sold (millions)
64% 65%
67%
69%
71%
72%
80%
36%
35%
33%
31%
29%
28%
20%
0
2
4
6
8
10
12
14
2015A 2016A 2017E 2018E 2019E 2020E 2025E
$20
$23
$28
$33
$39
$46
# of Cars Sold in millions
Market Size in $ billions
B2C Market
C2C Market
15%
CAGR
18%
Source: Indian Blue Book, India Pre-owned Car Market Report, 2016 and industry estimates.
3.3
3.8
4.4
5.0
5.8
6.6
12%
CAGR
15%$94
11.7
Massive room for growth
22
35
60
0
10
20
30
40
50
60
70
2015A 2020E 2025E
Passenger Cars Per Capita
US/Germany/UK
at 500+
1,18
1,35
1,47
1,00
1,10
1,20
1,30
1,40
1,50
2015A 2020E 2025E
Used vs New Car Ratio
Developed
nations at 3+
Large and growing used car market - A $100 billion opportunity

5. A unique opportunity for CARS24
Cars24 Value AddCar Owner Pain Points Cars24 Value Add Dealer Pain Points
Supply Availability
Access to 100’s of Cars through
Location Agnostic Online Platform
Market Calibrated Pricing
Fair and Transparent Inspection
with 100% Guarantee
Price Calibration
Title Check100% Guaranteed Paperwork
Financing Available through
Partners
Inspection
Reliability
Access to
Credit
Selling Price Text
Seamless Appointment Booking
and Instant Payment
Full Documentation Responsibility
Trust
Convenience
Title Transfer
TextInstant Auction with 100s of Dealers
Best Price Guarantee; Scientific
Inspection Process
Instant Auction with 100s of
Dealers

6. Insert Boman TV ad

7. We own the transaction - car owner sells to CARS24
✓ 100 branches in top 15
cities
✓ Not more than 15 min
away from a consumer
✓ Fair and honest
inspection: in-house
training and evaluation
team
✓ Proprietary inspection
app - Scientific process
using tools and
technology
✓ Proprietary auction app -
Instant auction with
thousands of dealers pan
India
✓ Best price derived via
competition amongst large
dealer network
✓ Instant Payment
✓ Full documentation managed
by CARS24
2 Mins 24 Mins 24 Mins 12 Mins
Book Appointment at a
Branch
Scientific Inspection Live Online Auction Transaction Closure

8. 100 branches across 15 cities | Tons of raving reviews

9. We own the transaction – zero friction acquisition channel for a dealer
View auctions on the app
✓Hundreds of auctions
happening through the
day
✓Several tools for dealers
to discover right cars
✓All kinds of cars
Participate in auctions
✓Short 24 min real
time and online
auctions to discover
the price
Doorstep car delivery
✓Fully online transaction process
✓Dealer gets door step delivery
with full documentation
✓60 day working capital finance
facility from CARS24
Frictionless process, least effort sourcing way

10. Over 25,0000 dealers in India – small & fragmented mom & pop shops

11. Dealers are highly engaged & hooked on to our auction platform
Active users on app
792
506
368
104
# of active dealers
1-10 Mins 10-60 Mins 60-180 Mins >180 Mins
Average time on app/day
• Large network: 2000+ dealers buy cars every
month
• Inter-state transactions dominant: Half of these
transactions happens across cities ranging from 200
miles to 1000 miles +
• Network deeply penetrated in India: Network of
dealers spread across more than 100 cities
• Dealers super engaged: They collectively spend
150,000+ hours on app every month
• Massive financing opportunity: One out of every
3 cars sold to dealer is short term financed by
CARS24
0
500
1000
1500
2000
2500
Daily Weekly Monthly
1645 1835 2014

12. Transactions growing rapidly as network effect gets stronger
0
5000
10000
15000
20000
25000
30000
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Cars per quarter since launch
More dealers
Better liquidity
More sellers (car owners)

13. Phase 1: Winning the supply | Phase 2: India’s largest auto company

14. A
Backed by the best partners
Founders of Fiat Chrysler & FerrariAmerican venture capital firm
APOLETTO
DST- Yuri Milner’s Founders Fund

16. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
25+ successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
December 2014
October 2014 May 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2
and its Shareholders
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE
October 2016
July 2018
December 2016
®
The NOAH Advisors Core Banking Team
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
Exclusive Financial Advisor to
PromoFarma and its shareholders
Financial Advisor to Silver Lake
Investment in
by
September 2018
August 2017
Financial Advisor to 10bis and its shareholders
Financial Advisor to EMK Capital
Acquisition of a Majority Stake in
by
at a valuation of $200m
Marco Rodzynek
Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Analyst
Lukas Schlund
Analyst
Sale of 100% in
to
Sale of 100% in
for €135m to
10Bis