Azerion SPAC Presentation Deck

Trading update Q3 2021 trading update €m Platform revenue o/w Premium Games o/w Remaining platform Adj. EBITDA % margin azerion Q3'20 41.9 10.5 31.4 5.8¹ 13.8% Q3'21 83.5 26.0 57.5 17.4² 20.8% Total growth 99% 148% 83% 201.5% Organic growth 55% 45% 59% Key highlights ■ ■ Strong results in Q3 2021 driven by organic growth and also acquisitive growth Net revenue for the quarter amounted to EUR 83.5m, an increase of EUR 41.6m, 99.2% compared to Q3 2020 (EUR 41.9m). EUR 18.4m driven by acquisitions made in 2021, EUR 23.2m (equivalent to 55% organic growth) across Platform and Premium Gaming Adjusted EBITDA amounted to EUR 17.4m, an increase of EUR 11.6m or 201.5% compared to Q3 2020 (EUR 5.8m) Adjusted EBITDA margin improvement to 20.8% from 13.8% in Q3 2020 mostly driven by operational efficiencies and the contribution by our Habbo Hotel NFT pilot All activities have continued to perform well throughout Q3 2021 During Q3 2021, Azerion acquired 3 companies, Admeen, KMobile and Sublime Note: Unaudited figures, as published in Interim Report Q3 2021. Any adjustments following from the audit of the 2020 financial statements are not included. (1) This does not include 'other gains and losses' which for the three months ended 30 September 2020 consisted of a €0.7 million loss. (2) This does not include 'other gains and losses' which for the three months ended 30 September 2021 consisted of a €1.0 million loss. 42

View entire presentation