#1Emerald Holding, Inc. June 2022#2Notes EMERALD Forward-Looking Statements This document contains certain forward-looking statements regarding Emerald Holding, Inc. (the "Company"), including, without limitation, the Company's ability to continue staging live events and scale its business beyond pre-COVID levels; the Company's 2022 event revenue expectations; and the Company's ability to recover proceeds under its current event cancellation insurance policy and the timing and amount of any such insurance recoveries. These statements are based on management's current expectations as well as estimates and assumptions prepared by management that, although they are believed to be reasonable, are inherently uncertain. These statements involve risks and uncertainties outside of the Company's control that may cause actual results to differ materially. In particular, statements regarding the potential continuing impact of the pandemic outbreak of COVID-19 on the Company's business and the expected return to organic growth; outcome of the Company's litigation against the insurers under the Company's event cancellation insurance policies and; projected recurring revenue from customer retention rates are each forward-looking statements. See "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise, or with respect to ongoing insurance recovery amounts. 2#3THE DISCOVERY ENGINE FOR B2B COMMERCE EMERALD#4Investment Highlights EMERALD Post-Pandemic Recovery Play in Live Events: Emerald plans to scale its business beyond pre-pandemic baseline through new products and services; 25% of planned 2022 trade shows expected to exceed pre- pandemic revenues. Accelerating Underlying Organic Growth: The launch and acquisition of new events, content and technology are generating additive, fast-growing revenue streams. • Evolved strategy to build out year-round offering for both commerce and engagement: Emerald introduced Xcelerator, a new business unit focused on building brands with the goal of curating year-round communities in emerging and high-growth markets, such as mental health and Web3, through face-to-face and digital experiences. Substantial Free Cash Flow Generation: Attractive Free Cash Flow yield on an as-converted basis based on expected $70 million of free cash flow in 2022 Seasoned Management Team: Emerald led by experienced management team with deep industry and public company expertise.#5Emerald is in the Connections Business A changing workforce and evolving work styles require a new approach havaianas VANS THE WALL Emerald's Proprietary Building Blocks 150+ Events | 1.9MM Active Customers | 15MM Website Visitors TRANSITIONING TO VIRTUAL SELL-IN EMERALD BOARDRIDERS HUNTINGTON SURF SPORT the Beach Connections - B2B trade shows and conferences that bring together industry-specific communities Neig Process Flow Planning 1. PREPARE 2. CREATE - Content B2B websites and publications that provide industry specific business news and information Commerce - SAAS software enabling B2B buying and selling 5#6Creating an Integrated Omni-channel B2B experience Emerald is uniquely positioned as B2B commerce is evolving EMERALD Traditional unidirectional model is transforming to an integrated multi-directional omni channel B2B experience Traditional Model Emerald Model Events High acquisition cost and channel specific investments Limited buyer insight, and Events Social 3rd Party 3rd limited to buying channel Social Party Customer Customer (Buyer & Seller) Digital Direct & Retail Fragmented, disjointed, ad hoc experiences and access Direct Digital & Retail Maximize investment across channels Multi-directional Buyer/Seller Dynamic increases overall transaction value Deep Buyer & Seller insights power "matching" and commercial opportunities 60#7• • Discovery Engine Drives Tangible Outcomes The new workforce and work styles require a new approach Emerald's NEW Capabilities Discovery Engine Data-driven understanding of customers' unique needs and expectations Insight into the transaction moment unlocking preferences and purchase intent Predictive modeling and machine learning to inform meet, learn, transact recommendations EMERALD Emerald's Building Blocks 150+ Events | 1.9MM Active Customers | 15MM Website Visitors Al Recommendations Drive Success Connections Content Commerce </> Outcomes Qualified and Ready To Purchase Build awareness Reach the right prospects Generate qualified leads Generate meetings Educate and build buyer intelligence Generate opportunities that lead transactions Access contracts with open POS Enable repeat transactions Improved NPS scores Customer acquisition growth Improved retention Increased cross-selling 7#8Emerald Uses Technology to Facilitate the Customer Journey Proprietary solutions paired with technology partnerships uniquely position Emerald Content and Event Management Sentiment and Context eCommerce AA Core Services 01-6) Co-B Remote Live Remote On-demand Attendee Live EMERALD CMS Content Management 見 SmartTech |||| ΑΙ |||| |||| Customer Data Hub Intent & Demographic Al Recommendations Matchmaking Transaction and Subscription Engine 3D Virtual Showrooms Immersive Engagement Å User Experience n Face-2-Face Always-On Augmented Expos Augmented Talks 8#9The Emerald "Discovery Engine" Support customers from the time they engage with our content to the time they walk our event floors and beyond EMERALD We are leveraging our proprietary assets to create a repeatable and scalable B2B commerce platform Discovery Engine Attendees and exhibitors seek connections, information, and product Deeply immersive shared experiences Live, remote live and remote on demand way to meet, learn, and transact Year-round brand driven content transaction & subscription engine Lead Generation Retention Content Generation F2F Events Discovery Engine Customer Insights Digital / Hybrid Events Transactional Data#10Three Pillars of Value Creation Emerald's focus is on maximizing value of operations and expanding offerings EMERALD Customer Centricity Holistic Consolidated Customer Database 3-year Brand Operating Plans Across Portfolio Value-Based Pricing Structure 365-Day Engagement 365-Day Customer Engagement Scaled B2B Marketplace Increased Cadence of Online and Hybrid Events Portfolio Optimization Emerald Xcelerator Targeted Accretive M&A 10 10#11Acquisitions and New Event Launches Driving Portfolio Optimization Strategic expansion into high growth industries and categories Targeting high growth industries including mental health, decentralized finance, and cannabis • New Event Launches mentera Launching in 2023 Community platform for creating relationships across the mental health ecosystem Foster connections between mental health innovators and corporate leaders seeking solutions for their organizations and employees Decentralization D2 Deciphered • Launching in October 2022 Educational platform that bridges business and Web3 innovation Connects C-suite financial and technology executives with blue chip Web3 companies providing decentralized solutions December 2020 elastic By PlumRiver B2B e-commerce SaaS platform Recent Acquisitions EMERALD December 2021 MJBiz Leading B2B media company in the cannabis industry with portfolio of media brands + widely attended annual expo SIALI INSPIRE FOOD BUSINESS • Launched March 2022 Food services event co- located with International Pizza Expo 176 exhibiting companies + 4,600 attendees December 2020 EDSpaces The Future of Educational Facilities Leading national trade show focused on educational spaces and equipment April 2021 SUE BRYCE EDUCATION Subscription-based photography business education and e-learning service + conference November 2021 AV-iQ Leading product database and integrator service provider for commercial AV 11#12Financial Results EMERALD#13COVID Recovery Driving Significant Re-Acceleration of Business Revenue per event is returning to normalized levels ($ in Millions) 31 trade shows in 1Q22, compared to 5 in 1Q21 Qualified attendees and exhibiting companies trending toward pre-COVID levels Several Q1 events have exceeded pre-COVID revenues • 2021 marked a return to positive free cash flow(1) (1) See slide 19 of this presentation for a reconciliation of Free Cash Flow $127.4 $145.5 2020 2021 ($ in Millions) Revenue $12.9 EMERALD $98.5 1Q '21 1Q '22 Free Cash Flow(1) $83.4 ($41.1) 2020 2021 $0.6 $29.8 1Q '21 1Q '22 13#14First Quarter 2022 Highlights and Current Liquidity Position Emerald experienced year over year growth across all categories as recovery momentum continues • Revenues of $98.5 million Net Income Diluted income per share of $0.07 ($ in Millions) Earnings Results • Net income of $22.6 million . Adjusted EBITDA of $54.4 million (1) Highlights and Developments Balance Sheet Free cash flow of $29.8 million (2) . Hosted 31 in-person trade shows . Received $28.8 million of insurance claim payments for canceled events $22.6 1Q'21 1Q'22 ($15.3) • Continue to actively pursue collection of Adj. EBITDA (1) remaining unpaid amounts of filed ($ in Millions) insurance claims for 2020 and 2021 . $254.4 million of cash • Full capacity on $110 million revolving credit facility ($2.5) . Repurchased 0.3 million shares at an average price of $3.63 per share (1) See slide 18 of this presentation for a reconciliation of Adjusted EBITDA (2) See slide 19 of this presentation for a reconciliation of Free Cash Flow EMERALD Diluted Income (Loss) Per Share ($ in Millions) $0.07 1Q'21 1Q'22 ($0.33) Free Cash Flow(2) ($ in Millions) $54.4 $29.8 $0.6 1Q'21 1Q'22 1Q'21 1Q'22 14#15Insurance Update EMERALD#16Update on Emerald's Event Cancellation Policy and Coverage Active Claims Processing Ongoing; Substantial Payments to Date by Insurers EMERALD • Claims Submissions. Emerald continues to pursue full recovery of $347.5 million for event cancellation claims related to the COVID-19 pandemic in 2020 and 2021. • The Company has submitted claims related to impacted or cancelled events previously scheduled to take place in 2020 and 2021 of $166.8 million and $180.7 million, respectively . Claim Payments to Date. • Through March 31, 2022, insurance claim payments received total $213.1 million, of which $89.1 million was received in 2020, $95.3 million was received in 2021 and $28.8 million was received in the first quarter 2022 Emerald's renewed event cancellation insurance policies for the year 2022 do not cover losses due to event cancellations caused by the outbreak of communicable diseases, including COVID-19. The aggregate limit for the Company's renewed 2022 primary event cancellation insurance policy is $100.0 million No assurance on final amount of insurance proceeds. While there is no assurance that the insurance carriers will agree that all of Emerald's claims submitted will be covered under the policy, we believe substantially all claims relating to shows that have been cancelled or postponed due to COVID-19 to date should qualify as covered losses with respect to Emerald's event cancellation insurance given the similarity of facts and circumstances to the initial approved claims. 16#17Appendix EMERALD#18Adjusted EBITDA UNAUDITED RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA EMERALD Three Months Ended March 31, 2022 2021 (dollars in millions) (unaudited) 22.6 Net income (loss) Add (deduct): Interest expense (15.3) Benefit from income taxes Goodwill impairment charges (1) Intangible asset impairment charges (2) Depreciation and amortization expense Stock-based compensation expense (3) Deferred revenue adjustment(4) Other items(5) Scheduling adjustments Adjusted EBITDA 3.9 (2.2) 6.3 1.6 14.3 2.1 0.2 5.6 4.0 (8.3) 11.8 3.0 0.9 1.2 0.2 $ 54.4 (2.5) (1) For the three months ended March 31, 2022 and 2021, goodwill impairment charge represents non-cash charges of $6.3 million and zero, respectively, for goodwill in connection with the Company's interim testing of goodwill for impairment. (2) Intangible asset impairment charges for the three months ended March 31, 2022 and 2021 represent non-cash impairment charges of $1.6 million and zero, respectively, for certain definite-lived intangible assets in connection with the Company's interim testing of intangibles for impairment. (3) Represents costs related to stock-based compensation associated with certain employees' participation in the 2013 Stock Option Plan ("2013 Plan"), the 2017 Omnibus Equity Plan (the "2017 Plan") and the 2019 Employee Stock Purchase Plan (the "ESPP"). (4) Represents deferred revenue acquired in the Plum River Technologies ("Plum River") acquisition that was marked down to the acquisition date fair value due to purchase accounting rules. If the business had been continuously owned by us throughout the quarter periods presented, the fair value adjustments of $0.2 million and $0.9 million for Plum River for the three months ended March 31, 2022 and 2021, respectively, would not have been required and the revenues for the three months ended March 31, 2022 and 2021, would have been higher by $0.2 million and $0.9 million, respectively. (5) Other items for the three months ended March 31, 2022 included: (i) $4.3 million in expense related to the remeasurement of contingent consideration, (ii) $0.4 million in non-recurring legal, audit and consulting fees, (iii) $0.8 million in transition costs in connection with previous acquisitions and (iv) $0.1 million in transition expenses. Other items for the three months ended March 31, 2021 included: (i) $0.2 million in transaction costs in connection with the Plum River LLC and EDspaces acquisition transactions; (ii) $0.6 million in non-recurring legal, audit and consulting fees and (iii) $0.4 million in expense related to the remeasurement of contingent consideration. 18#19Free Cash Flow UNAUDITED RECONCILIATION OF NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES TO FREE CASH FLOW EMERALD Net Cash Provided by (Used in) Operating Activities Less: $ Capital expenditures Free Cash Flow Three Months Ended March 31, Year Ended December 31, 2022 2021 2021 2020 (dollars in millions) (unaudited) 33.0 $ 1.6 $ 90.0 $ 3.2 29.8 1.0 6.6 0.6 $ 83.4 $ (37.1) 4.0 (41.1) 19