Bigbear AI SPAC Presentation Deck

Multiple Growth Vectors Contracted and near-term opportunities provide visibility into achieving forecasted growth Execute on Existing Backlog -Existing contracts provide secured growth and position BigBear.ai for future wins through proven performance 83% of 2021E Revenue in Backlog BIGBEAR.AI Pursue Near-Term Opportunities - Leverage deep relationships and past performance to immediately pursue identified contracts 93% combined historical win rate -100% historical recompete win rate ~90 Near-Term Opportunities Identified Collectively Worth ~$4.5B Expand Presence in Commercial Market - Continue recent momentum to penetrate targeted industry verticals ail EEEEEA $109B+ Total Addressable Market (1) Opportunities for Inorganic Growth and Horizontal Expansion "Continue to identify and acquire strategic M&A targets "Accelerate growth through opportunities in cyber analytics and federal civilian agencies "This additional upside has not been factored in the near-term company projections K KY 25+ Potential M&A Targets Identified (1) Source: NextFed and International Data Corporation Market Analysis. Refer to Safe Harbor on slides 2 and 3 regarding projected financial information with respect to BigBear.ai. 22

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