Kore SPAC Presentation Deck

Operational Benchmarking (cont'd) 2022E Gross Margin Commentary Compelling scalable and profitable business model fueled by KORE One platform with proprietary IP and market leading loT knowledge ~57% 2022E Gross Margins -28% 2022E Adjusted EBITDA Margins 57.1% KORE 27.9% KORE 81.2% I ptc 34.6% 65.9% ALARM.COM 24.9% Median: 59.2% 59.2% 53.6% Median: 19.9% 19.9% 33.0% 14.3% 77.1% Trimble V VONAGE inseego Ring Central zoom 8x8 2022E Adjusted EBITDA Margin¹ 6.2% Median: 62.5% 32.8% 71.7% 62.5% 14.3% Median: 7.2% 7.2% 56.6% twilio 5.6% ptc Trimble. ALARM.COM V VONAGE inseego Zoom RingCentral bandwidth 8x8 Source: Each Company's respective annual and quarterly reports, IBES Estimates, CapIQ, Bloomberg. Market data as at 15-Mar-2021. (1) Calculation and companies included may use different definitions of Adjusted EBITDA. KORE 50.3% bandwidth 4.7% twilio 37

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