Navitas SPAC Presentation Deck

Summary Historical Financials and Projections Fast transition to new generation of products is driving 20%+ YoY cost reductions in 2021. 44% 46% Q1' 21 33% FY2020¹) FY2021 46% FY2021 gross margin O Navitas Semiconductor 2021 50% Gross margin (%) 4% 51% FY2022 FY2023 2% Add'l New Generations Integration I 53% 55% FY2024 FY2025 2% 1% Supply Volume chain Pricing optimization (Net ASP) T 55% FY2026 55% FY2026 gross margin Source: Company materials. (1) Based on unaudited FY2020 financial statements. (150%) 0.2% ($18) ($23) ($19) FY2020¹ FY2021 $0.0 FY2020 (84%) (1) 3.9% $1.1 (28%) FY2021 7.4% EBITDA ($mm) $5.1 FY2022 7% Fabless Model - Capital expenditure ($mm) $12 FY2022 FY2023 FY2024 FY2025 #% 3.8% 16% $6.9 FY2023 $50 3.6% $11.1 FY2024 22% % of Revenue $102 2.8% $12.6 Navitas 25% $162 FY2026 2.9% $18.7 FY2025 FY2026 32

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