Investor Presentaiton

Target Embodies DDMX's Investment Thesis and Meets Original Criteria DD3 ACQUISITION CORP. Betterware Betterware is a fast growing, mid-cap company with solid fundamentals and significant upside potential to materialize in the public markets Attractive Industry Clear Strategy Differentiation Outstanding Financial Performance Considerable Growth and Efficiency Opportunities " " ■ Mexico is the 7th largest direct-to-consumer market with ~US$6bn annual revenue, and ~5% annual growth Well-suited to Mexico's geographic, demographic and economic dynamics; i) small communities scattered across the country, low retail penetration and unique last mile logistics, ii) emerging middle-income consumers, and iii) high consumer confidence Resilient to external economic adversities given low average sales price to consumers and sources of income for sales reps Full control on its ~400k distributors and associates network, backed by a robust market intelligence unit that tracks daily performance and target budgets New product development drives repeat purchase rate Big data analytics and market research provides constant support to management 2015-'18 CAGR in Net Company Sales and EBITDA of 37% and 41% in USD terms, respectively Well-above industry margins with a ~60% gross margin and ~27% EBITDA margin in 2018 Asset-light structure with minimal capex requirements, yields FCF conversion of ~62%¹ Strong balance sheet with positive working capital and low leverage levels at 0.8x² Well-identified underserved market segments to support Betterware's continuous double-digit growth Potential to enhance balance sheet flexibility by financing new campus, inorganic growth, or refinance debt Further investment in digital transformation to accelerate growth Replicable and scalable model to other LatAm markets, both organically and through add-on acquisitions Attractive Valuation and Transaction Considerable EV/2019P EBITDA discount to direct-to-consumer peers, significantly enriched when adjusted for growth FCF yield of 9.0% in 2020P vs peers average of 6.0%, in addition to double-digit EBITDA growth Existing Betterware shareholders to remain as operating owners of ~80%³ of the consolidated business after closing the transaction 1. As a % of EBITDA in 2020P 2. Net Debt to EBITDA ratio as of June 2019 3. Assuming no redemptions from trust account Source: WFDSA and Management 5

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