Quanergy SPAC Presentation Deck

Comparison with other LIDAR SPACS Revenue Dependence on Automotive Free Cash Flow Burn to Breakeven Pro Forma Enterprise Value at SPAC Announcement (1) QUANERGY Velodyne 2025E 18% 2021E-2023E ($90) $1.1B 2025E ~80% 2020E - 2021E ($90) $1.6B LUMINAR 2025E 91% 2021E - 2023E ($328) $2.9B AEVA 2025E 78% 2021E-2023E ($260) $1.8B INNOVIZ TECHNOLOGIES 2025E 93% 2021E-2024E ($303) $1.0B OUSTER 2025E ~17% 2021E-2022E ($144) $1.6B AAEYE 2025E N/A 2021E-2023E ($226) $1.6B Note: Other LiDAR provider data from publicly-available SPAC investor presentations. Velodyne and Ouster automotive mix is estimated based on project and revenue mix charts, respectively, in their SPAC investor presentations. AEye enterprise value is as amended on 5/3/21. AEye free cash flow is not disclosed so EBITDA is shown instead. (1) Quanergy pro forma enterprise value reflects the proposed deal value. All other enterprise value statistics are as of the date of the LiDAR providers' SPAC investor presentations. QUANERGY 28

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