Analyst Day Presentation

60 61 P&L SUMMARY Revenue % Growth Gross Profit % Gross Margin Adjusted EBITDA % Margin 1. 2. 2018A Historical Financials $48.4 11.0% $39.0 $1.4 2.9% Audited 2019A $56.3 16.3% 50% YOY Revenue Growth driven primarily by growth and scaling of CTV $45.8 81.3% ($5.2) -9,2% 2020A $68.8 45% Revenue is generated on CTV up from 40% in H1 2020 22.2% $56.4 82.0% $2.6 3.8% 2021E $94.8 37.8% $76.8 81.0% $7.2 7,6% Projections 2022E 81% $130.1 37.2% 95% $105.4 81.0% No quantitative reconciliation of EBITDA to the most directly comparable GAAP financial measure has been provided for projections because management cannot reliably predict all of the necessary components of the GAAP finandal measure without unreasonable effort Adjusted EBITDA indudes add-back of stock-based compensation from 2018-2020, stock-based compensation not projected for 2021-2023 H1 2021 STRONG PERFORMANCE $15.6 12.0% Gross Profit Up from 79% Gross Profit in H12020 2023E CTV Revenue YOY Growth $177.3 36.3% $143.6 81.0% 82% -85% $34.6 Long-Term Margins 19,5% ($ in millions) BUSINESS MODEL ASSUMPTIONS Growth ✓ Organic X Non Organic New Clients ✓ Linear Growth X Accelerated Shift Pricing ✓ Stable x Upside Upsell ✓Similar Rates of Adoption X Accelerated Adoption Global U.S. Focus X Accelerated Global Growth INNOVID 5% Adjusted EBITDA¹ Margin significant improvement from (25%) loss in H1 2020 67% YOY growth in revenue from our non-U.S. customers 1. Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures. Non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as substitute for an analysis of INNOVD results as reported under GAAP See Appendic for a recondliation of Adjusted EBITDA and Adjusted EBITOA Margin to the nearest financial measures reported under GAAP

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