Privia Health : PRVA Investor Presentation - December 2021

Empowering Physicians

TRANSFORMING HEALTHCARE

Investor Presentation

December 2021

Disclaimer

Forward-Looking Statements

This presentation contains forward-looking statements that express the Company's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in filings with the Securities and Exchange Commission ("SEC"), including those under "Risk Factors" therein. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date made. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Use of Non-GAAP Financial Information

In order to provide investors with greater insight, promote transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making, the Company supplements its condensed consolidated financial statements presented on a GAAP basis herein with certain non-GAAP financial information, including: Care Margin; Platform Contribution; Platform Contribution margin; Adjusted EBITDA; and Adjusted EBITDA margin. Reconciliations of these non-GAAP measures to their most directly comparable GAAP measures are included in the financial schedules in the Appendix of this presentation, as well as in the Company's quarterly financial press releases and related Form 8-K filings with the SEC. This information can be accessed for free by visiting www.priviahealth.com or www.sec.gov.

Management has not reconciled forward-lookingnon-GAAP measures to its most directly comparable GAAP measure of Operating Income and Net Income. This is because the Company cannot predict with reasonable certainty and without unreasonable efforts the ultimate outcome of Care Margin, Platform Contribution, Adjusted EBITDA or Adjusted Net Income, Adjusted Net Income Per Share due to market-related assumptions that are not within our control as well as certain legal or advisory costs, tax costs or other costs that may arise. For these reasons, management is unable to assess the probable significance of the unavailable information, which could materially impact the amount of the future directly comparable GAAP measures.

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What is Privia Health?

Privia Health is building the leading next generation physician organization and care delivery network

Our revolutionary business model is comprised of three interdependent elements:

• Single TIN Medical Group
• Risk-BearingEntity
• Tech-EnabledClinical and Performance Operations Platform

We partner with all provider types, regardless of affiliation or ownership, in all reimbursement models across all geographies

Our value-basedcare platform has proven success across the risk-bearing spectrum as we accelerate the movement of providers into risk-basedarrangements

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Privia Health: Investment Highlights

Proven and Scalable for All Provider Types, Patients & Reimbursement Models

Profitable,

Capital-Efficient Profile

Multiple Drivers for Future Growth with a Large TAM

Aligned with Provider Financial Success while Preserving Ownership Structure

Comprehensive

Technology Solution Built

for Providers

Highly Experienced

Executive and Physician

Leadership Team

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Moving Markets Toward Value-Based Care At Scale

Enter	Organize	Drive	Transition to
Market	Providers	Improvements	Value & Risk

 Align with anchor	 Form high	 Advance practice	 Succeed in various
medical groups and		performance	management,	value-based care
health systems to		medical groups	patient engagement	models (MSSP,
transition markets			and value-based	Medicare Advantage,
to value-based care		Develop network of	care initiatives	Commercial, etc.)
		leading primary
		care providers and
		specialists

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