GLAAM Company Overview

APPENDIX NON-IFRS RECONCILIATION ($M) Net Income (Loss) (+) Depreciation & Amortization (+) Finance Cost (Income)¹ (+) Other Expense (Income)² (+) Corporate Income Tax Benefit (+) Bad Debt Expenses (+) Employee Share Compensation Cost (+) Litigation Costs EBITDA / Adjusted EBITDA EBITDA / Adjusted EBITDA Margin 2019A 2020A 2021A 2022A $2 ($22) ($60) ($8) 5 2 4 3 ล (3) (2) 5 39 10 1 4 (4) (2) 13 0 0 $9 ($8) ($10) $1 19% (55%) (110%) 6% Note: Company financials are presented as audited K-IFRS 2019 and 2020; PCAOB audited IFRS 2021 and 2022. Financial information based on a KRW:USD exchange rate of 1,245:1 for 2019 and 2020; 1,145 for 2021, and 1,292 FOR 2022. EBITDA is presented for 2019A and 2020A. The Company defines EBITDA as net income before interest, taxes, depreciation and amortization. Adjusted EBITDA is presented for 2021A and 2022A. The Company defines Adjusted EBITDA for such periods as net loss before depreciation and amortization, finance income, finance cost, other income, other expense, corporate income tax benefit, bad debt expense, employee share compensation cost, inventory disposal, and litigation costs, adjusted for (i) certain non-recurring, infrequent, or unusual items that management believes do not reflect the Company's core operating performance and (ii) certain items that may be recurring, frequent or usual, but that do not reflect the Company's core operating performance and do not and will not require cash settlement. 1. Gain from discharge of indebtedness was recognized from conversion of convertible bonds to equity which occurred in 2021 and 2022. 2. The amount includes $5,144,961 of recognition of gain from goods returned from previous year's sales GLAAM PRIVATE AND CONFIDENTIAL // 49 ◉CAPTIVISION

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