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Investor Presentaiton

Comparables - EV/EBITDA Multiples EV/2019P EBITDA & EV/2020P EBITDA DD3 ACQUISITION CORP. Betterware 2019 EBITDA Margin Direct Selling US Retailers Mexican Retailers 27% 15% 7% 7% 16% 16% 15% 19% 16% 11% 13% 11% 11% 25% 14% 16% 13% I 15.4x I 13.3x 11.6x 11.3x 9.7x 9.6x 8.5x 8.6x 7.4x 6.2x 6.3x 6.0x 4.6x 4.7x 8.6x I 7.0x 1 Betterwarej Amway AVON Tupperware natura HERBALIFE. USANA NU SKIN 0.4x0.3x 18.6x 18.0x 4.7x 4.6x 14.4x 13.7x 12.3x 12.1x 11.7x 11.0x HOME DEPOT 6.3x 6.1x 14.3x 13.1x 11.5x 11.4x 11.4x 9.3x 7.3x 6.7x 6.7x 6.6x LOWE'S newell The Container Store Walmart. OXXO Liverpool® BRANDS Kimberly-Clark Grupo Sanbornis Growth Adjusted - EV/EBITDA 2019P & EV/EBITDA 2020P5 Direct Selling 1.7x1.8x 1.6x1.4x 1.0x0.8x 1.0x0.8x 0.7x 0.6x Betterware Amway¹ Tupperware NU SKIN HERBALIFE. 9.4x 9.2x AVON newell BRANDS natura USANA Source: Capital IQ, Thomson Eikon, equity researchs and DD3 assumptions as of July 19, 2019 1. Amway Malaysia 2. Walmart de Mexico y Centroamerica; 3. Oxxo's value calculated as the residual value of Femsa minus its other subsidiaries 4. Includes financial business 5. Growth adjusted EV/EBITDA formula: EV/EBITDA multiple divided by '18-21 EBITDA CAGR 24 US Retailers Mexican Retailers 2.8x 0.7x 2.7x 2.2x 2.1x 1.6x1.4x 1.4x 1.3x 1.0x1.0x 0.9x 0.7x 0.6x0.5x 0.7x Liverpool OXXO Walmart Grupo Sanborns НОМЕ The Container Store LOWE'S Kimberly-Clark DEPOT
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