Porch SPAC Presentation Deck

Valuation Benchmarking EV / 2021E Revenue 4.4 x Porch The indicative Transaction valuation is attractive on an absolute and on a relative basis EV / 2021E Gross Profit 5.4 x Porch Real Estate Software Median: 13.2x 13.2 x 14.6 x Oppfolio Costar Group 21.6 x @ppfolio Median: 18.2x 18.2 x CoStar Group 6.0 x REALPAGE 9.6 x ..REALPAGE High Growth / High Margin Software(¹) 16.8 x 10.0 x 21.9 x 8.8 x alteryx Hubspot the TradeDesk zendesk 18.5 x Median: 13.4x alteryx Median: 15.3x 12.1 x 28.4 x HubSpot the TradeDesk 11.5 x zendesk Sources: Company filings and S&P Capital IQ. Note: Market data as of July 22, 2020. (1) High Growth/High Margin Software competitive set defined as companies with greater than 20% projected 2021 Y-O-Y revenue growth and greater than 75% gross margins. Copyright 2020 Porch.com. All rights reserved Home Services Marketplace 4.1 x ANGI HOMESERVICES ANGI HOMESERVICES Porch 40

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