Skillz SPAC Presentation Deck

BUSINESS MODEL skillz GAMER 1 YOU WIN! GAMER 2 YOU LOSE $0.60 Entry Fee $0.60 Entry Fee $1.20 ($1.04) $0.16 x 95% $0.15 $0.11 GMV Dev Profit Share, Prizes & Incentives Revenue (14% take-rate) Gross margin Gross profit Operating expenses (1) $0.04 Contribution (25% margin) (1) Includes all operating expenses (fixed and variable) except for user acquisition costs. Based on 2019 actual margin structure. 16

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