OnesSpaWorld SPAC

FIVE REASONS WE LOVE OSW ■ Undisputed Global Leader in the Highly Attractive Maritime Health & Wellness Industry Growing 84% market share in the outsourced maritime health & wellness market, 10x the size of its closest competitor Cruise industry grows by building new ships and has seen 20+ years of consecutive passenger growth OSW is the beneficiary of continually increasing emphasis on health & wellness by consumers - ■ Differentiated Business Model That Cannot Be Replicated Robust infrastructure and processes required to operate and maximize revenue across global network of floating facilities OSW's recruitment and training platform staffs its spa and fitness centers at over 1,100 global ports with highly-trained professionals fulfilling complex language, cultural and modality-specific training requirements Staggered contracts with every major cruise line prevent potential competitors from achieving scale required to compete - ONESPAWORLD AT SEA. ON LAND. ■ Uniquely Visible and Predictable Growth OSW benefits from cruise industry's dependable captive audience of over 25M consumers that consistently fill ships at >100% occupancy rates through all economic conditions Cruise capacity growth is highly visible and predictable, with published global order books reflecting 5+ years of growth OSW's ~5-year, fleet-wide contracts entitle it to operate on new ships launched during the contract term ~85% of 2020 maritime revenues from cruise line banners and resorts in OSW's current contract portfolio ■ Exceptional ~90% After-Tax Free Cash Flow Conversion¹ Cruise operators fund the build-out, maintenance and refurbishment of OSW's onboard spas - minimal capex required OSW is a Bahamian company earning a substantial portion of its revenue in international waters, resulting in an effective cash tax rate of ~2% ■ Successful Public Company Team Working Together for Over 15 Years Internally developed senior team with over 150 years of combined industry experience 1. Adjusted After-Tax Unlevered Free Cash Flow calculated as (Adjusted EBITDA - Avg. of 2015-20 Capex - Cash Taxes) / EBITDA. 3

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