NextNav SPAC Presentation Deck

Financial projections overview $ IN MILLIONS Total revenue % Growth (-) COGS Gross margin % Margin (-) R&D (-) SG&A EBITDA % Margin (-) A Working capital (-) CapEx Unlevered free cash flow % Margin Source: Management estimates. 2021E $2 NM (2) $0 18% (26) (18) ($44) NM 6 (1) ($39) NM 2022E $24 857% (6) $18 75% (38) (23) ($43) (182%) 4 (1) ($40) (168%) 2023E $75 215% (47) $28 37% (46) (31) ($49) (66%) 10 (67) ($107) (142%) 2024E $162 115% (103) $59 36% (55) (40) ($37) (23%) (267) ************************ ($295) (182%) 2025E $308 90% (132) $176 57% (65) (50) $61 20% 7 (49) ****************************** $19 6% 2026E $506 64% (138) $367 73% (76) (59) $233 46% 2 (11) *********************** $224 44% N NEXTNAV Expected long- term gross profit margin of ~85% Expected long-term EBITDA margin of ~70% Future capex spend mainly limited to maintenance capex Significant cash generation after TerraPoiNT network deployment 27

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