Plastiq SPAC Presentation Deck

IQ Key Assumptions Relating to Projected Financial Information of Plastiq The projected financial information is based on Plastiq's estimates and assumptions tied to its past performance for existing products and its expected performance for new products. Card volume and revenue assumptions can move significantly based on the macro economy. The projected financial information assumes an expansion of Plastiq's penetration into small and medium businesses across the United States. 1. 2. 3. 4. 5. 6. 7. 8. 9. Card volume is based on Plastiq's ability to continue to be productive with its marketing spend, drive sales efficiency and continue to execute on its ability to land new customers and retain the customers it has. The launch of Plastiq's recurring SaaS solution and Short-Term financing, both in March 2022, are not expected to be material to 2022 or 2023 volume, net revenue or gross profit. Both products are expected to be less than 10% of Plastiq's total 2023 net revenue. Transaction expenses associated with third party interchange and processors are projected to be flat to favorable in 2023. Plastiq expects a diversification of its existing revenue drivers in 2023 which in turn will have a favorable impact to its gross margin. Headcount is the number one expense for Plastiq, and its ability to attract and hire new talent is critical for all of its functions, especially in Sales and Marketing as Plastiq invests to grow these functions. The projected financial information assumes an expansion of Plastiq's employee base to a location with lower costs allowing us to achieve profitability in Plastiq's long-term model. Plastiq's business is capital intensive and its ability to raise funds to support its operations is critical to Plastiq's ability to meet the investments required in its financial model. The projected financial information assumes that Plastiq will receive at least $100M in net cash proceeds as a result of the transaction with Colonnade, after accounting for redemptions of Colonnade public shares. The successful expansion of Plastiq' business may require future M&A, although the projected financial information in this presentation does not include the impact of any acquisitions. The projected financial information also reflects numerous estimates and assumptions with respect to industry performance, general business, economic, regulatory, market and financial conditions and other future events, as well as matters specific to Plastiq's business, all of which are difficult to predict and many of which are beyond outside of Plastiq's control. Plastiq's financial projections constitute forward-looking information and are subject to risks and uncertainties including those set forth in the risk factors included in the appendix. 37

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