Skillz Investor Presentation Deck

SCENARIO: BOTH USERS PAY WITH REAL & BONUS CASH FOR $1.00 PRIZE • Winner receives $0.94 of Real Cash and $0.06 of Bonus Cash • Skillz receives $0.13 ($0.06 in Rev. Reduction or S&M) ● • Developer receives $0.01 Contest Entry Real Cash Bonus Cash Total Player 1 (Loss) skillz $0.54 $0.06 $0.60 Player (Win) $0.00 $0.00 $0.00 $0.54 $0.06 $0.60 Illustrative P&L Impact Revenue Reduction GMV Prizes End-User Incentives Dev. Profit Share Revenue $1.20 ($1.00) ($0.06) ($0.01) $0.13 Marketing Expense $1.20 ($1.00) $0.00 ($0.01) $0.19 Contest Results Real Cash $0.94 Sales & Marketing Bonus Cash $0.06 Total $1.00 Illustrative Adj. EBITDA $0.13 $0.13 Note: For illustrative purposes, assumes system-wide average developer profit share of 1% GMV and zero marginal tournament cost. User contest entry fees are 90% real cash and 10% bonus cash, unless the user does not have real cash in their account. If Reduction, BC goes into I End-User Incentives ($0.06) If Marketing, BC goes into S&M 45

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