FlexJet SPAC Presentation Deck

Valuation Benchmarking EV / 2022E EBITDA 10.8x (1)(2) FLeXJET EV / 2023E EBITDA Source: (1) (2) 27.4x HERMES PARIS 24.7x HERMES PARIS Luxury Consumer Brands Median: 14.7x 21.3x 18.1x 14.7x HEAVEN X BRUNELLO CUCINELLI Luxury Consumer Brands Median: 13.4x 13.4x 13.8x BRUNELLO CUCINELLI LVMH 12.7x LVMH 8.2x KERING 7.6x KERING Copa High End Membership Travel Median: 11.3x 12.5x VAILRESORTS 11.5x 10.0x High End Membership Travel Median: 10.0x VAIL RESORTS MARRIOTT VACATIONS WORLDWIDE 8.5x MARRIOTT VACATIONS WORLDWIDE 9.3x Asset-light logistics Median: 9.0x DSV 12.0x 9.1x C.H. ROBINSON C.H.ROBINSON Asset-light logistics Median: 11.5x 11.8x 8.9x DSV LANDSTAR 11.7x LANDSTAR 6.9x Expeditors 9.6x Expeditors Subscription Models/ Shared Economy Median: 21.3x 24.3x airbnb Public company filings and Broker Estimates from FactSet as of 10/4/2022. 2022E metrics represent forward looking statements. See the Disclaimer for further discussion of our forward-looking statements. 2022E Adj. Mgmt. EBITDA representative of projected Management 2022E EBITDA adjusted to include impact of Sentient Jet hourly pricing policy changes and normalization of customer credits. Please refer to page 40 for additional information. FLEXJET.COM 35 21.2x I @ airbnb 18.3x NETFLIX Subscription Models / Shared Economy Median: 19.1x 19.1x NM Uber Uber 16.3x NETFLIX

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