Investor Presentation

INSPIRATO 5. Growth Luxury vacation rental management market is ripe for consolidation Incumbents Local and Niche Companies Thousands of local, micro players with less than 20 properties under management Scaled Platforms airbnb vacasa Luxury Travel Subscription INSPIRATO End User Experience • Insufficient marketing Inconsistent user experience Limited service offering Owner Experience Inefficient High fees Narrow margins • Vrbo Volume offering-oriented Vacation roulette Limited service offering Exclusively managed and controlled residences Branded, highly curated luxury experience Personalized, in-destination service Visitor roulette . Inflexible, with high fees Unpredictable revenues Attractive, high-end clientele Certainty of fixed lease income Asset protection and preservation CONFIDENTIAL 33

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