#1Obrivo Investor Presentation April 2022 CROWN PROPTECH#2Disclaimer This presentation is being made in connection with a potential business combination (the "Business Combination") between Crown PropTech Acquisitions ("Crown") and Brivo, Inc. (collectively with its subsidiaries, "Brivo," the "Company," "us," "our," or "we") to a limited number of parties who may be interested in acquiring securities of Crown ("Securities"). RBC Capital Markets, LLC has been engaged by Crown to serve as placement agent (the "Placement Agent") with respect to the offering of Securities to prospective investors in connection with the Business Combination. This presentation is for informational purposes only, and does not constitute an offer to sell or purchase, or the solicitation of an offer to sell, buy, or subscribe for Securities, nor is it a solicitation of any vote or approval in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of Securities in any jurisdiction in contravention of applicable law prior to registration or qualification under the securities laws of any such jurisdiction. Investment in Securities described herein has not been approved or disapproved by the United States Securities and Exchange Commission (the "SEC"), or any other regulatory authority, nor has any authority passed judgment upon or endorsed the merits of Securities or the accuracy or adequacy of the information contained herein. Any representation to the contrary is a criminal offense. Crown and the Company reserve the right to update or supplement the information provided in this presentation. This presentation shall remain the property of Crown. Each of Crown and the Placement Agent reserves the right to require the return of this presentation (together with any copies or extracts thereof) at any time. By its acceptance hereof, each recipient agrees that neither it nor its agents, representatives, directors, or employees will copy, reproduce, or distribute to others this presentation, in whole or in part, at any time without the prior written consent of Crown and that it will keep confidential all information contained herein or otherwise obtained from Crown (in accordance with such recipient's agreement with the applicable Placement Agent to receive such information) and will use this presentation for the sole purpose of evaluating a possible acquisition of Securities and for no other purpose. Any unauthorized distribution or reproduction of any part of this presentation may result in a violation of the United States Securities Act of 1933, as amended (the "Securities Act"). Investors Securities are being offered as a private placement to a limited number of institutional "accredited investors" as defined in Rule 501 under the Securities Act or "qualified institutional buyers" as defined in Rule 144A under the Securities Act and will not be registered under the Securities Act. Securities are being offered in reliance upon the exemption provided by Section 4(a)(2) of the Securities Act, and as such are suitable only as an investment for, and are being offered only to persons who have, directly or through qualified representatives, the ability to evaluate the merits and risks of an investment in Securities and the ability to assume the economic risks involved in such investment. By accepting this presentation, each prospective investor shall be deemed to have represented that it is an institutional accredited investor or a qualified institutional buyer. Furthermore, each investor will be required in connection with the purchase of Securities to make representations confirming its eligibility as a prospective investor and that it is purchasing Securities for its own account and not with a view to their resale or distribution. Accordingly, such Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. Prospective investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act. None of Crown, Brivo or the Placement Agent are responsible for a prospective investors' compliance with any applicable requirements. The transfer of Securities may also be subject to conditions set forth in an agreement under which they are to be issued. Prospective investors should be aware that they are required to bear the final risk of their investment for an indefinite period of time. Crown is not making an offer of Securities in any state or jurisdiction where such offer is not permitted. An investment in the Securities or the securities of the Company is speculative and involves a high degree of risk. Investors must be prepared to bear the economic risks of any investment in the Securities for an indefinite period and be able to withstand a total loss of their investment. Investors should carefully consider their own investigation and due diligence of Crown and/or the Company and the terms of any offering. Prospective investors are not to construe the contents of this presentation, or any prior or subsequent communications from or with Crown, the Company, the Placement Agent or other professionals associated with the Business Combination or the offering of Securities, as financial, legal, tax, or business advice. The Placement Agent is not acting as your advisor or agent. Prior to entering into any Business Combination, you should determine, without reliance upon Crown, the Company, the Placement Agent, or their respective affiliates, the economic risks and merits, as well as the financial, legal, business, tax, and accounting characterizations and consequences of such Business Combination and independently determine that you are able to assume the risks associated with such Business Combination. Each prospective investor should consult with its own attorney and advisors as to the financial, legal, business, tax, accounting and related matters concerning such Business Combination. In this regard, by acceptance of this presentation, you acknowledge that you have been advised that (a) the Placement Agent is not in the business of providing financial, legal, business, tax, or accounting advice, (b) you understand that there will be financial, legal, business, tax, and accounting risks associated with such Business Combination, (c) you should receive financial, legal, business, tax, and accounting advice from advisors with appropriate expertise to assess relevant risks, and (d) you should apprise senior management in your organization as to the financial, legal, business, tax, and accounting advice (and, if applicable, risks) associated with such Business Combination and these disclaimers as to these matters. You confirm that you are not relying upon the information contained herein to make any decision. Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and market share, expectations and timing related to commercial product launches, potential benefits of the proposed business combination and the potential success of Brivo's go-to-market strategy, and expectations related terms and timing the proposed business combination. These statements are based on various assumptions, whether or not identified in this presentation, and on the current expectations of Brivo and Crown's management are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Brivo and Crown. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of Crown or Brivo is not obtained; the lack of third party valuation in determining whether or not to pursue the proposed business combination; failure to realize the anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with respect to Brivo; the risk that the conditions to the financing for the proposed business combination may not be satisfied or waived; the effect of the announcement or pendency of the proposed business combination on Brivo's business relationships, performance and business generally; risks that the proposed business combination disrupts current plans of Brivo and potential difficulties in Brivo employee retention as a result of the proposed business combination; the ability to implement business plans, forecasts and other expectations after the completion of the proposed business combination, and identify and realize additional opportunities; Brivo's ability to attract and retain customers; the combined company's ability to up-sell and cross-sell to customers, including the success of Brivo's customers' development programs, which will drive future revenues; the ability of the combined company to compete effectively and its ability to manage growth; the amount of redemption requests made by Crown's public shareholders; the ability of Crown or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the risk that the combined company's securities will not be approved for listed on the New York Stock Exchange or if approved, that such listing will be maintained; and those factors discussed in Crown's Annual Report on Form 10-K for the year ended December 31, 2021, dated April 12, 2022, the preliminary proxy statement/prospectus of Crown related to the proposed business combination dated April 19, 2022 and, when available, Crown's final proxy statement to be filed with the Securities and Exchange Commission ("SEC"), in each case, under the heading "Risk Factors," and other documents of Crown filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Crown nor Brivo presently know or that Crown and Brivo currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Crown's and Brivo's expectations, plans or forecasts of future events and views as of the date made. Crown and Brivo anticipate that subsequent events and developments will cause Crown's and Brivo's assessments to change. However, while Crown and Brivo may elect to update these forward-looking statements at some point in the future, Crown and Brivo specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Crown's and Brivo's assessments as of any date subsequent to the date made. Accordingly, undue reliance should not be placed upon the forward-looking statements. 2#3Disclaimer (cont'd.) Financial Information This presentation contains projected financial information or forecasts with respect to Brivo. Such projected financial information and forecasts constitute forward-looking statements and are included for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information and forecasts are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the projected financial information and forecasts. See the "Forward-Looking Statements" paragraph above. Actual results may differ materially from the results contemplated by the projected financial information and forecasts contained in this presentation, and the inclusion of such information in this presentation should not be regarded as a representation by any person that the results reflected in such projected financial information and forecasts will be achieved. The projected financial information and forecasts were initially prepared in June 2021 and were updated by Brivo on August 28, 2021. Brivo does not warrant the accuracy, reliability, appropriateness or completeness of the projections to anyone. Neither Brivo's management nor any of its representatives has made or makes any representation to any person regarding the ultimate performance of Brivo after the Business Combination compared to the information contained in the projections, and Brivo does not intend to or undertakes any obligation to update or otherwise revise the projections to reflect circumstances existing after the date when made or to reflect the occurrence of future events in the event that any or all of the assumptions underlying the projections are shown to be in error. Accordingly, the projections should not be looked upon as "guidance" of any sort. Brivo will not refer back to these projections in its future periodic reports filed under Exchange Act of 1934. You can find more information about Brivo's projected financial information and forecasts in Crown's preliminary proxy statement/prospectus related the proposed Business Combination dated April 19, 2022, under the heading "Business Combination Proposal - Certain Brivo Projected Financial Information." In preparing and making the forward-looking statements contained in this presentation, Brivo has made a number of economic, market, and operational assumptions. Notably, statements regarding the Company's future financial performance and related financial projections are, without limitation, subject to material assumptions regarding the Company's ability to economically manufacture and distribute its products at scale and meet its customers' business needs and the Company's ability to successfully execute its growth strategy. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although believed to be reasonable at the time they were made, subject to greater uncertainty. In addition, without limiting the generality of the foregoing, no audit or review has been undertaken by an independent third party of the financial assumptions, data, results, calculations and forecasts contained, presented or referred to in this presentation. You should conduct your own independent investigation and assessment as to the validity of the information contained in this presentation and the economic, financial, regulatory, legal, taxation, stamp duty and accounting implications of that information. All amounts in this presentation are presented in U.S. dollars. Non-GAAP Financial Measures Certain of the financial measures included in this presentation, including, but not limited to, Adjusted EBITDA and Free Cash Flow, have not been prepared in accordance with U.S. GAAP and constitute "non-GAAP financial measures" as defined by the rules of the SEC. Crown and Brivo have. included these non-GAAP financial measures because they believe such measures provide an additional tool for prospective investors to use in evaluating the financial performance and prospects of Brivo or any successor entity of the Business Combination. These non-GAAP financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with U.S. GAAP. In addition, these non-GAAP financial measures do not have any standardized meaning and may differ from non-GAAP financial measures with comparable names used by other companies. See slide No. 31 of this presentation for reconciliation. Using any such financial measures to analyze Brivo's business may have material limitations because such calculations are based on the subjective determination of management regarding the nature and classification of events and circumstances that investors may find significant. Because of these limitations, you should consider these non-GAAP financial measures alongside other financial performance measures, including financial measures determined in accordance with GAAP. Intellectual Property This presentation contains trademarks, service marks, trade names, copyrights, and products of the Company and other companies, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names, copyrights, or products in this presentation s not intended to, and does not, imply a relationship with Crown or the Company, or an endorsement of or sponsorship by Crown or the Company. Solely for convenience, the trademarks, service marks, and trade names referred to in this presentation may appear without the Ⓡ, TM or SM symbols, but such references are not intended to indicate, in any way, that Crown or the Company will not assert, to the fullest extent permitted under applicable law, their rights or the right of the applicable licensor in such trademarks, service marks and trade names. Industry and Market Data This presentation relies on and refers to certain information and statistics based on estimates by Brivo's management and/or obtained from third party sources which the Company believes to be reliable. Neither Crown nor Brivo has independently verified the accuracy or completeness of any such third party information, which involves elements of subjective judgment and analysis that may or may not prove to be accurate. None of Crown, the Company, their respective affiliates, the Placement Agent or any third parties that provide information to Crown, the Company, or their respective affiliates, such as market research firms, guarantees the accuracy, completeness, timeliness, or availability of any information. None of Crown, the Company, their respective affiliates, the Placement Agent, or any third parties that provide information to Crown, the Company, and their respective affiliates, such as market research firms, is responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or the results obtained from the use of such content. Crown and the Company may have supplemented such information where necessary, taking into account publicly available information about other industry participants and the Company's management's best view as to information that is not publicly available. None of Crown, the Company, their respective affiliates, or the Placement Agent gives any express or implied warranties with respect to the information included herein, including, but not limited to, any warranties regarding its accuracy or of merchantability or fitness for a particular purpose or use, and they expressly disclaim any responsibility or liability for direct, indirect, incidental, exemplary, compensatory, punitive, special, or consequential damages, costs, expenses, legal fees, or losses (including lost income or profits and opportunity costs) in connection with the use of the information herein. Changes and Additional Information in Connection with SEC Filing The financial information and data contained in this presentation is unaudited and does not conform to Regulation S-X promulgated by the SEC. In addition, the information in this presentation has not been reviewed by the SEC, and certain information, such as the non-GAAP financial measures referenced above, may not comply in certain respects with SEC rules. As a result, the information in the registration statement or proxy statement that Crown intends to file if the Business Combination proceeds may differ from this presentation in order to comply with SEC rules. Such registration statement or proxy statement, and any other documents prepared or filed with the SEC with such registration statement or proxy statement, may include substantial additional information about Brivo and its business that is not contained in this presentation. Once filed, the information regarding Brivo and its business contained in such registration statement or proxy statement, and any other documents prepared or filed with the SEC with such registration or proxy statement, will update and supersede the information included in this presentation. By accepting this presentation, the recipient will be deemed to have acknowledged and agreed to the foregoing. IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS The proposed business combination will be submitted to shareholders of Crown for their consideration. Crown filed a registration statement on Form S-4 (the "Registration Statement") with the SEC which includes a preliminary proxy statement and will include, when available, a definitive proxy statement to be distributed to Crown's shareholders in connection with Crown's solicitation for proxies for the vote by Crown's shareholders in connection with the proposed business combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Brivo's shareholders in connection with the completion of the proposed business combination. After the Registration Statement has been declared effective, Crown will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed business combination. Crown's shareholders and other interested persons are advised to read the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive proxy statement / prospectus, in connection with Crown's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed business combination, because these documents will contain important information about Crown, Brivo and the proposed business combination. Shareholders may also obtain a copy of the preliminary proxy statement or, once available, the definitive proxy statement as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by Crown, without charge, at the SEC's website located at www.sec.gov or by directing a request to 667 Madison Avenue, 12th Floor, New York, NY 10065, attention: Nikki Sacks PARTICIPANTS IN SOLICITATION Crown, the Company and their respective directors, managers and officers may be deemed participants in the solicitation of proxies of stockholders in connection with the proposed Business Combination. Crown stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors, managers and officers of Crown in Crown's Annual Report on Form 10-K for the year ended December 31, 2021, dated April 12, 2022. Additional information will be available in the definitive proxy statement included in the Registration Statement when it becomes available. 3#4Business Overview Pure play cloud-based, smart building access management company with a diversified, technology-enabled ecosystem. Comprehensive platform delivered through SaaS and loT. Pure play, cloud-based smart building access management company with a diversified, technology-enabled ecosystem Transaction Structure Business combination with Crown PropTech Acquisitions (NYSE: CPTK) CPTK is a publicly listed special purpose acquisition company with $276 million cash in trust; anticipated PIPE of $75 million. (1) Valuation $809 million pro forma enterprise value. Attractively valued entry multiple for an expected high growth business. Capital Structure $302 million(1) pro forma cash on balance sheet and no debt (2) (other than a convertible note) immediately following the closing of the transaction. Ownership Existing Brivo shareholders will be rolling 100% of their equity. Brivo shareholders expected to own 69% of CPTK's common stock post-transaction. (3) Note: See page 36 for a detailed transaction overview. Assumes conditions to the closing of the PIPE transaction are satisfied including satisfaction of a minimum cash condition. (1) Assumes no redemptions. PIPE anticipated to be structured as convertible note. (2) Assumes termination of existing revolver and no entrance into a new revolver. (3) Excludes (i) out-of-the-money warrants, (ii) outstanding unvested founder shares of 2.4mm, of which 1.2mm will vest at $13.00 per share and 1.2mm will vest at $15.00 per share, (iii) outstanding unvested seller earn-out shares of 8.5mm, of which 4.25mm will vest at $13.00 per share and 4.25mm will vest at $15.00 per share, (iv) Convertible Notes PIPE, (v) Convertible Note held by R. Chera, (vi) Brivo rollover options and (vii) Brivo earn-out RSUs. 4#5Crown PropTech Acquisitions Leadership at the forefront of real estate & property technology Management Team Insights 60+ years of combined experience in real estate transactions, branding assets and integrated emerging technologies Acquired and developed billions of dollars of high-profile commercial real estate assets Co-founded ReWyre, tech aggregator and intelligent city master planner that designs and integrates PropTech and mobility solutions Richard Chera Chairman & CEO CROWN ACQUISITIONS R WYRE CROWN Management PROPTECH | Team Dr. Pius Sprenger CFO & Board Member ☑ Deutsche Bank CANTOR Fitzgerald Rasheq Zarif Lead Strategic Advisor Mercedes-Benz LAB1886 Deloitte. Independent Board of Directors 000 1000 Dr. Martin Enderle Lisa Holladay Stephen Siegel Platform Spanning Real Estate Tech Unlock Hidden and/or Board Member Multiple Industry Verticals Ecosystem Lens Unrealized Value Delivery Hero Scout24 ALLMYHOMES Board Member Marriott INTERNATIONAL THE RITZ-CARLTON" TIGER 21 Board Member CBRE Fritz van Paasschen Board Member SONDER starwood Hotels and Resorts Obrivo. 5#6Obrivo. Crown and Brivo Partnership Expected to Accelerate Real Estate Tech Across Global Networks Rapid growth and expanded ecosystem through Crown network • Leveraging Crown's experience and relationships in commercial real estate to expand and scale in B2B market • Opportunity to create synergies with other PropTech businesses and expand SaaS revenue • Access to leading international networks across commercial real estate investors, hospitality partners and REITS Crown team brings powerful and broad experience in real estate technology • Co-founded ReWyre, a technology aggregating platform, that connects developers and technology vendors • Long-term player in global forums strengthening relationships with entrepreneurs, venture capital, developers and brokers for the past 20 years Combination with Crown solidifies Brivo as a category leader in PropTech • Substantial breadth of best-in-class building access management solutions coupled with developed relationships is expected to drive long term portfolio level partnerships • Expects to build upon Brivo's extensive network of 1,500+ global partners and 7,000+ certified technicians to increase market penetration and drive further adoption 6#7Why Crown PropTech loves Brivo Ꭷ brivo Rapidly growing Proptech company revolutionizing the real estate and smart spaces landscape Best-in-class access management platform valuable for enterprise, commercial and multifamily buildings Compelling SaaS-driven business model with strong retention, high operating leverage, and attractive unit economics Large and growing TAM underpinned by strong demand and adoption across attractive end markets Proven go-to-market strategy accelerated by a deep and expansive network of partner relationships Significant synergies with technology adoption across Crown portfolio & relationships 7#81. A differentiated platform brivo BA20300924 e Global View Events BEE Devices Video Reports AC Users Credentials 8 Administrators Configuration Onair Classic Activate Lockdown +414.3% mapbox © Details Critical Event Access Events 144 +44.2% 2381 0 Detalle Detals Office Devices 29 Brivo provides a global view of property assets in a single integrated platform that enables portfolio-wide data collection and response#9Brivo is a comprehensive enterprise, commercial and multifamily solution Obrivo. Event Detail Obrivo Live Video Video Playback B User Details Notes Colgate 000 000 000 000 洳 Access Management Brivo enables multi-site facility access synchronized with corporate identity management systems Smart Apartments A full ecosystem of open solutions to improve convenience, amenities and energy use for MDUS Visual Awareness Brivo fuses access events and sensor data with video augmented by Al to accelerate event response Visitor & Delivery Management Brivo orchestrates access, notifications and tracking for visitors and deliveries Data Analytics Brivo's BI tools allow customers to harness valuable operational insights from their data for real-time response, forensic analysis and data mining 9#10Brivo is the smart space platform for every class of property Complete Smart Space Platform @ SaaS ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ Readers Sensor Control Panels ㅁㅁ Obrivo. A Fit for Every Class of Property Attractive Customer Brivo Sales Acquisition Model 88€ Integrators 00000 Customers ㅁㅁㅁ 0000 0000 0000 0000 0000 0000 0000 ㅁㅁㅁ ㅁㅁㅁ 0000 ㅁㅁㅁ 0000 0000 0000 0000 0000 0000 ☐ ☐ 00 000 ☐ ☐ ㅁㅁ • 10 10#11Brivo is the foundational platform for smart spaces The full breadth of software and hardware devices for smart spaces Mobile Apps Self Office Access Control Integrated Surveillance Video Intercom Guided Tours Smart Apartment Visitor Management Parking Management **.** Access Control Enterprise Dashboard & Analytics Package Delivery 回 י Readers Control Panels Gateways Smart Locks Intercom Cameras Sensor 11 Obrivo.#12Obrivo. The Brivo team has proven ability to execute Steve Van Till Founder & CEO Sapient Consulting John Szczygiel COO SIEMENS Mike Voslow CFO network ns solutions GlobalLogic Jeff Nielsen CTO 3PILLAR santeon.... GLOBAL Innovation forward Mary Clark CMO syniverse synchronoss Kevin Gibbs VP Cloud Operations HOBSONS NOKIA Kerstin Demko VP Marketing sage VERISIGN Dave Williams VP Strategic Sales Honeywell integral technologies Bill Yesnick VP Sales VERINT Honeywell Dean Drako Chairman Barracuda. Your journey secured. EAGLE EYE NETWORKS Supported by 275+ dedicated employees across three offices 12#13Brivo's Key Metrics 300M+ SQFT commercial property under Brivo management 350,000+ Customer doors in daily use Obrivo. 72,000+ Customer buildings on Brivo Access platform Revenue Forecast 2021A-2025E Revenue CAGR +54% $179 $110 $73 $417 Compelling Unit 6.1x LTV/CAC $290 Zero CAC Payback Period Economics Large SaaS Customer 2021A 2022E 2023E 2024E 2025E ■ Subscriptions Hardware Base Subscriptions Represent a Significant Portion of Total Revenues 45,500+ Total Accounts Channel 1,500+ Commercial integrators 58% 52% Leverage Advantage 7,000+ Trained Installers 5,000+ Field Sales Reps 48% 44% 42% 2021A 2022E 2023E 2024E 2025E ■ Subscriptions Industry Leading Retention 121% Net Revenue Retention (2021A) Please refer to "Disclaimer" on Slides 2 and 3 including under the headers "Forward-Looking Statements" and "Financial Information" for the disclaimer regarding the forecasts and projections included in this presentation. 13#14Attractive unit economics drive immediate profitability $0 Total LTV Channel leverage keeps CAC low $(CAC) Expansion SaaS $ LTV $ IoT GM (1) Source: Calculations based on 2021 operating results for Customer Lifetime Value (LTV) and Customer Acquisition Cost (CAC) Obrivo. Immediate CAC payback Strong gross margins on upfront loT sale 6.1x LTV / CAC (1) 14#15Obrivo. The smart space revolution is underway Four major secular trends are driving increasing adoption of smart space solutions PropTech boom Buildings need better digital and connected solutions for access management, tenant experience and ESG Brivo's comprehensive platform is designed to address all of these needs Inflection point for cloud market We expect cloud access will grow 5x in 5 years due to end user demand for building solutions that work like enterprise applications Brivo has benefitted positionally by being ahead of this trend Channel pivot Channel sentiment has swung from 20% to 70% cloud favorability in the past 5 years Brivo's channel is 1,500+ integrators with 5,000+ sales staff and 7,000+ Brivo-certified installers 8+8 New normal, safety & health Hybrid work, health and safety protocols, shared spaces and flex spaces drive higher density of smart space solutions Brivo's platform has added incremental capability along with the changing workplace landscape 15#16Obrivo. A large and growing $70bn market Majority of SaaS opportunity concentrated in Brivo's primary markets Enterprise $15bn Commercial $14bn Adjacencies Multifamily $13bn $42bn $70bn $28bn Products SaaS Total TAM (2021) "Smart Building technology is now seeing a surge of interest and adoption like never before." Metaprop Current State of Smart Buildings May 2021 Source: Data derived from leading third party consultant reports (Omdia, Gartner, Group337, Deloitte, AEW), Yardi, National Multifamily Housing Council, National Association of REITS, S&P Global Intelligence, US Census, Eurostat and EU demographic agencies. 16#172. Meaningful growth opportunity Brivo Snapshot Log Obrivo Global View Data Explorer Events E EL 2 Ever Tracker Journal Snapshot Log Event Classification Devices Vidos Reports Users Credentials Occupancy Management Administrator 0 9:06:55AM 06/03/2021 Side Door Entrance EE Side Entranc Brive H 9:06:55 AM Roman H Brivo's Al-based tools detects and captures compliance violations so that you don't have to#18Brivo's growth levers are repeatable and scalable SaaS {0} 分 Sales Team Expansion Expansion of domestic and international sales teams and roles Customer Success Help customers expand with investments in design, execution, & customer success SaaS Service Expansion Higher recurring revenue per account through new SaaS layers and upsells Product Expansion Tested path for adding new products to existing channels and increasing sales Obrivo. 18#19Obrivo. Land Additional Use Cases • Perimeter entries • Interior doors • Data centers • Secure storage • Parking areas Expand • Identity Management Additional Services Additional Devices • Video Management • Mobile Credentials • Visitor Management • Video Intercom Additional Locations Expand A land and expand growth strategy • Significant increase in Annual Recurring Revenue (ARR) per account • Brivo has significant organic runway within its existing end user base • End users and channel partners realize increasing value from Brivo's end-to-end solutions • Focused commercial efforts to drive market penetration and upselling 19#20Proven results of land and expand Example: Fortune 1000 - Industrial Example: Fortune 1000 - Government Year 1 Year 3 Now Year 1 Year 10 Now 45 831 1,784 $260k ARR 5 582 1,073 $115k ARR (number of connected devices) Example: Fortune 1000 - Technology Year 1 Year 5 Now (number of connected devices) Example: Fortune 1000 - Healthcare Year 1 Year 5 Now 32 107 894 $98k ARR 21 649 905 $64k ARR (number of connected devices) Note: Annual Recurring Revenue (ARR) represents the annualized end of period monthly recurring revenue. Obrivo. (number of connected devices) 20 20#21Brivo serves a large, diversified and global customer base Obrivo. Commercial GEACHERTOF 41,800+ Accounts Multifamily MILL CREEK RESIDENTIAL GREYSTAR® Midwood KI KROMER INVESTMENTS INC. Michaels COMMUNITIES THAT I LIVES 2,800+ Accounts Enterprise WHOLE FOODS NTT informa MARKET DocuSign Okta HomeAdvisor [solidcore] REALOGY PlainsCapital Bank. 800+ Accounts 21 221#22Brivo's large channel is an amplifier Our channel encompasses 7,000+ certified technicians and a 5,000+ person salesforce (1) Long-tenured relationships with largest integrators Johnson Controls ADT STANLEY Since 2003 Since 2003 Since 2008 1,500+ Commercial Integrators Globally More More More Salespeople Channel Partners End Customers (1) Among channel partners for 2021. Obrivo. 22 22#233. Unmatched proven technology @brivo 2 Gotal View 4 Des Expla B Everly 15 9 Video Occupancy Management 1:3219/9 Reports 2:32:41 PM Korba, Sum 3 104 Dedcelle 20 Gracy Mazagent & Bergey Bedcart G Gefred Se A Canfie 2 2790 Overview Oversee 1 UND Overv Soar Lat Brivo provides real-time occupancy data to help tenants and owners optimize the use of their assets most efficiently while minimizing energy consumption in unoccupied spaces to meet sustainability goals#24G COOD SIMPLY Unique, integrated, cloud- based SaaS platform • 4th generation • Enterprise dashboards • Data and analytics • Workflow automation • Highly evolved cyber defenses - ⚫ API Proptech enablement • AI/ML anomaly detection. • Video surveillance • Architectural-grade design BRIVO ACCESS brivo Drive Obrivo Event Tracker briva O 1111 brivo brivo Obrivo 1 144 14 24 224#25Brivo's mobile apps engage users and drive adoption Multiple mobile apps bundle features and capabilities unique for each type of user persona 1:57 Q Search 目 1:57 Event Detail 9:20:05 PM 09/29/2020 Stokes HQ MD DEVICE Lobby 2:38 <Back Discover Gateway Log out The Village 1 7700 Old Georgetown Rd #300 Bethesda, MD 20814 223281 Brivo Maple Apartments EVENT: Camera Motion TIMESTAMP: Q Search SITE: Brivo HQ Brivo Bethesda Elevator Brivo Amsterdam DOOR LOCK Unlocked DOOR/WINDOW SENSOR 1 Status: Closed Video Playback Parking Garage Brivo Paris DOOR/WINDOW SENSOR 2 Status: Closed Server Room Brivo Bethesda SWITCH 1 Off SWITCH 2 Off Obrivo. Tenant Experience Resident Experience User Details Dorothy Taylor Notes There are no notes at this time Management Experience Find a Gateway Discovered No gateways found Your property master code is 223281 Associated Gateways Brivo Smart Home Gateway Brivo Smart Home Gateway * D A 10 Smart H Cartrol Live Abd Integrator Experience 25 25#26Brivo's API ecosystem bridges the physical and digital worlds. Obrivo. Cameras Smart Locks Readers Elevators Cellular Control Panels Obrivo On. 651 144 2381 29 Farking Garage G okta Vertical Integrations: Video | Elevator control | Biometrics | Identity management | Visitor management Intercom | Property management | Co-working | HR management | Health & wellness Diversified and large multi-vendor ecosystem supports competitive advantage 26 26#27Extend Core Capabilities New Investment Priorities Obrivo. Brivo's product roadmap leverages core strengths and service extensions Enterprise CRE Multifamily ACCESS + SMART SPACES VIDEO ANALYTICS + EVENT DATA FUSION VISITOR & DELIVERY EXPERIENCE USER & PARTNER ENABLEMENT AI/ML INSIGHTS & AUTOMATION SMART SPACES Commercial SECURITY OPS TENANT EXPERIENCE EMPLOYEE EXPERIENCE 27 27#28M&A drives growth in adjacent products and services Scoping 50+ opportunities Examining 25+ opportunities Key investment areas • Value-accretive, portfolio expansion opportunities with recurring revenue potential • Select smart IOT device additions • Disciplined and focused approach based on defined strategy and investment criteria • Expansion into international markets growing global presence Obrivo. Prioritizing 3 opportunities $50m + estimated revenue potential Acquisition targeting and integration • Brivo integrated Parakeet technologies in March 2020 and doubled revenue over the previous year • Dean Drako has integrated numerous companies into Barracuda Networks and his other enterprises and brings a strong methodology for target selection and value creation 28#294. Financials Obrivo Event Tracker P Global View 166 Dana Explorer Stays Events All Acces Status Alcatatines LA Devices Trancs C Video FAR'S Raports 225.36 P access Chris Jacob Slick N Users 12-203 PM Pase communication tale Comenal by Cle's R Crede 12:25:36 PM Cepay Tracking Valid access event Jevice Administrators 12:22:35 PM 01/06/2000 Panel comm frontdoor lock New New C 2 New Cent 6 BETWEE 12:39 PM ice Activate acs6000_panel_5 It is unusual for Chris Jacobs to access frontdoor lock at this time. 8406/212 Office frontdoor_lock New Office acs6000_panel_5 New sco Office sf_main entrance New ty C o Office: sf_main_entrance acs6000_panel_5 It is very unusual for Chris Jacobs to access st_main_entrance at this time. acs6000_panel_5 New Brivo uses machine learning to provide continuous anomaly detection of unusual patterns across people and places#302 Transaction proceeds unlock growth 1 Sales Team Expansion Expansion of domestic and international field sales teams and roles Customer Success Help customers expand with investments in design, execution, & customer success 3 SaaS Service Expansion Higher recurring revenue per account through new SaaS layers and upsells 4 Product expansion Proven path for adding new products to the existing channel and increasing sales 5 Reserved / Acquisition (1) Assumes conditions to the closing of the PIPE transaction are satisfied including satisfaction of a minimum cash condition. Obrivo. Estimated use of proceeds $302M Cash to BS (est.)(1) 30 30#31Summary P&L Brivo financial summary and expected forecasts Actual Projected ($ in millions) 2018A 2019A 2020A 2021A 2022E 2023E 2024E 2025E Subscription Revenue Hardware & Other Revenue Total Revenue $17.4 $21.0 $25.5 $31.0 $48.6 $85.3 $149.8 $240.7 25.1 30.2 31.9 42.4 61.5 93.7 140.1 175.9 $42.5 $51.2 $57.4 $73.4 $110.0 $179.1 $289.9 $416.6 YoY Growth (%) 12.1% 27.8% 49.9% 62.8% 61.9% 43.7% Gross Profit $27.2 $32.6 $34.2 $41.9 $69.1 $106.9 $179.9 $267.2 % Margin 64.0% 63.7% 59.5% 57.2% 62.8% 59.7% 62.0% 64.1% Adjusted EBITDA (1) $1.7 $4.5 $8.5 ($0.7) ($4.3) ($3.5) $32.7 $91.9 % Margin 3.9% 8.9% 14.8% NM NM NM 11.3% 22.1% FCF (2) $1.2 ($2.8) ($0.9) ($5.8) ($24.4) ($35.4) $6.4 $52.5 Adjusted EBITDA Reconciliation Actual Projected ($ in millions) Net Income (Loss) 2018A 2019A 2020A 2021A 2022E 2023E 2024E 2025E ($3.1) ($1.2) $1.0 ($9.2) ($15.7) ($17.5) $15.7 $72.8 Income Tax Interest Expense (0.3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.8 1.2 0.9 0.0 0.0 0.0 0.0 Depreciation & Amoritization Adjusted EBITDA (1) 4.3 4.8 5.9 7.3 11.0 13.5 16.5 18.6 Stock Based Compensation 0.2 0.2 0.3 0.3 0.5 0.5 0.5 0.5 $1.7 $4.5 $8.5 ($0.7) ($4.3) ($3.5) $32.7 $91.9 Free Cash Flow Reconciliation Actual Projected ($ in millions) CF From Operations CF From Investing FCF (2) 2018A 2019A 2020A 2021A 2022E 2023E 2024E 2025E 2.8 (1.5) $1.2 2.1 (4.9) ($2.8) 5.2 (6.1) ($0.9) (0.8) (11.6) (18.4) (5.1) ($5.8) (12.8) (16.9) 25.5 (19.0) 75.4 (22.9) ($24.4) ($35.4) $6.4 $52.5 (1) Adjusted EBITDA is a non-GAAP measure. 2020 Adjusted EBITDA includes the benefit of $3.5m PPP funding that flows through the income statement "other income" as a direct offset to operating expense. The PPP loan enabled the Company to maintain its operational scale without having to implement cost cutting measures in response to COVID-19. Obrivo. (2) Cash flows from operating activities less cash flows from investing activities. Please refer to "Disclaimer" on Slides 2 and 3 including sections on Forward-Looking Statements, Preliminary Financial Information and Non-GAAP Financial Measures. 31#32Revenue ($ in millions) ARR(1) Expected high growth platform $34 $60 $111 $187 $290 $73 2021A 2025E Revenue CAGR +54% $179 $110 $290 $417 2021A 2022E 2023E 2024E 2025E Subscriptions Hardware (1) Annual Recurring Revenue (ARR) represents the annualized end of period monthly recurring revenue. (2) Last Twelve Months as of December 31, 2021 across all channel partners. brivo. Please refer to "Disclaimer" on Slides 2 and 3 including sections on Forward-Looking Statements, Preliminary Financial Information and Non-GAAP Financial Measures. CA 121% Net Revenue Retention (2) 2021A 71% ARR CAGR 2021A 2025E 58% Of 2025E revenue from subscriptions 32 32#33Scale and operating leverage drive margins Gross Profit Margin Adjusted EBITDA (1) Margin 79% 60% 72% 64% 2020A 2025E Subscriptions Total 15% 22% 2020A 2025E • Expansion of subscriptions gross profit margin . • Build-out of commercial organization, geographic expansion and ARR expansion within existing end user base • Operating leverage and economies of scale • Continued investments in innovation and R&D (1) Adjusted EBITDA is a non-GAAP measure. Note: 2021A total gross margin is 57% and 2021A subscription gross margin is 69%. brivo. Please refer to "Disclaimer" on Slides 2 and 3 including sections on Forward-Looking Statements, Preliminary Financial Information and Non-GAAP Financial Measures. 33 33#34Brivo + Crown in a perfect storm Cloud adoption Technology SaaS has disrupted every major technology sector • Brivo is a leading cloud native access control provider - hardened and proven • Advanced cloud delivered services to dramatically expand share of wallet/LTV Technology is transforming the property management market Brivo is a full service platform deployed across sectors and geographies • Platform is expected to be expanded for even greater consolidation of capabilities Channel already pivoting to embrace cloud, SaaS • Brivo expects a growing channel in cloud Brivo continues to experience success in the channel The new normal for work & life is accelerating transformation Brivo's proven ability to respond rapidly is driving current business acceleration • Brivo is investing behind these trends with the expectation to capitalize and win Obrivo. Channel Transformation Crown Synergies Rapid growth and expanded ecosystem through Crown network Powerful and broad experience in real estate technology Combination with Crown solidifies Brivo as a category leader in PropTech 34#355. Transaction 72° 0 Thermostats Light Controls Sensors Property managers save energy with Brivo by remotely managing heating, cooling, and lighting based on occupancy#36Transaction overview Proposed Transaction Terms • Pro Forma Enterprise Value of $809mm, representing a transaction multiple of 7.4x 2022E revenues • Excludes earn-out shares and other out-of-the-money dilutive securities 100% equity rollover from existing Brivo shareholders $276mm cash proceeds from SPAC(1) $75mm fully committed PIPE (subject to minimum cash requirements and other conditions) in the form of a Convertible Note $302mm cash proceeds to balance sheet to fund growth (2) Pro Forma Valuation ($ in mm, except for per share price; shares in mm) Brivo Share Price Pro Forma Shares Outstanding(5) Equity Value Less: Assumed Pro Forma Cash Add: Convertible Notes PIPE (6) Enterprise Value Sources ($mm) Brivo Rollover Equity(3) CPTK Cash in Trust (1) Convertible Notes PIPE Investment (6) Existing cash on Balance Sheet(4) Total Sources Uses ($mm) Equity Consideration to Existing Brivo Shareholders (3) Cash to Balance Sheet Cash to Repay Debt(4) Estimated Transaction Expenses Total Uses $715 276 75 2 $1,068 $715 302 16 35 $1,068 $10.00 103.6 $1,036 (302) 75 $809 Pro Forma Ownership @ $10.00 per share (5) Existing Shareholders 69.0% SPAC Equity 26.6% SPAC Sponsor + Anchor 4.4% Note: Transaction structure, consideration and economics based on executed LOI. Assumes no CPTK shareholder redemptions from trust. (1) Assumes no redemptions. brivo. (2) Assumes no redemptions and conditions to the closing of the PIPE transaction are satisfied including satisfaction of a minimum cash condition. (3) Excludes outstanding unvested seller earn-out shares of 8.5mm, of which 4.25mm will vest at $13.00 per share and 4.25mm will vest at $15.00 per share. (4) As of December 31, 2021. (5) Includes 71.5mm existing Brivo rollover shares, 27.6mm Crown shares and 4.5mm Sponsor shares. Excludes (i) out-of-the-money warrants, (ii) outstanding unvested founder shares of 2.4mm, of which 1.2mm will vest at $13.00 per share and 1.2mm will vest at $15.00 per share, (iii) outstanding unvested seller earn-out shares of 8.5mm, of which 4.25mm will vest at $13.00 per share and 4.25mm will vest at $15.00 per share. (iv) Convertible Notes PIPE, (v) Convertible Note held by R. Chera, (vi) Brivo rollover options, and (vii) Brivo earn-out RSUs. (6) Subject to minimum cash requirements and other conditions. 36#37Public comparables – operating benchmarking brivo. Matterport: FORTINET lncino. paloalto LTM % Recurring Rev. (1) 43% 55%(2) 34% (2) 82% (2) 74% (3) Oppfolio 37% (2) 96% (2) Median: 23% GUIDEWIRE Check Point 2 LATCH 39% (3) 76% (2) 72% (2) 20% (2) Gross Margin Revenue Growth Obrivo. CY2022 E 50% 46% 29% 17% 23% 26% 11% 16% 8% 6% Median: 20% A SmartRent HEXAGON 17% (2) 112% 115% 99% 123% 63% CY2023E 48% 26% 20% 21% 20% 16% 19% 12% 5% ¦ Median: 60% VERRA MOBILITY Security and Vertical SaaS Software-enabled Industrial Tech Trimble FORTIVE 40%(4) 41 % (2) 39% (2)(5) 40% (2) Median: 10% 21% 9% 10% 10% ¡Median: 7% 8% 6% 8% 6% Median: 62% 95% CY2022 E 75% 75% 81% 88% 65% 63% 55% 64% 60% 50% 58% 58% 52% 4% 12% Median: 61% Median: 63% 96% 89% 77% 75% 81% CY2023E 60% 61% 65% 60% 66% 51% 59% 53% 58% 18% 21% Source: Brivo Management, company filings, Capital IQ as of 04/14/2022. Note: Companies sorted by CY2022E revenue multiple. (1) Company filings, last twelve months as of current quarter 2021 unless denoted otherwise. (2) Represents CY2021 % subscription/recurring revenue. (3) Represents LTM % subscription/recurring revenue as of 01/31/2022. (4) Represents CY2020 % subscription/recurring revenue. (5) Trimble service revenue includes professional services. Please refer to "Disclaimer" on Slides 2 and 3 including under the headers "Forward-Looking Statements" and "Financial Information" for the disclaimer regarding the forecasts and projections included in this presentation. 37#38Public comparables - multiples benchmarking ค brivo. Matterport FORTINET. lncino paloalto Camp Oppfolio GGUIDEWIRE Check Point Q2 LATCH SmartRent Median: 8.8x; HEXAGON VERRA MOBILITY Security and Vertical SaaS Software-enabled Industrial Tech Trimble Median: 4.8x FORTIVE 13.2x 12.3x 11.6x 11.1x 10.2x 8.8x 8.7x (1) 7.5x CY2022 E 7.4x 6.6x 5.9x 5.1x 4.5x 4.2x 2.7x 2.8x Growth Adj. Revenue Multiples (2) Revenue Multiples brivo. CY2023E CY2022 E CY2023E Median: 7.7x 10.3x 8.9x 9.2x 9.2x 8.8x 7.4x 7.7x 6.3x (1) 5.0x 4.5x 1.4x 1.2x Median: 4.5x 6.9x 4.8x 4.2x 3.9x Median: 0.43x Median: 0.43xi 1.07x 1.15x 0.91x 0.84x 0.76x (1) 0.43x 0.48x 0.25x 0.34x 0.37x 0.24x 0.46x 0.40x 0.15x 0.03x 0.02x Median: 0.38x1 1.30x 0.53x 0.56x 0.62x (1) 0.07x 0.18x 0.35x 0.43x 0.38x Source: Brivo Management, company filings, Capital IQ as of 04/14/2022. Note: Companies sorted by CY2022E revenue multiple. (1) Based on the proposed transaction. (2) Represents Enterprise Value / Revenue / Growth Rate. Median: 0.74x 0.82x 0.84x 0.52x 0.66x 0.26x 0.01x 0.01x Please refer to "Disclaimer" on Slides 2 and 3 including under the headers "Forward-Looking Statements" and "Financial Information" for the disclaimer regarding the forecasts and projections included in this presentation. 38#39Thank You 39