Mondee Investor Presentation Deck

Attractive Valuation Relative to Comps Comparables are trading at ~9-19x 2023 EV/EBITDA adjusting for capex. The implied valuation for Mondee represents a deep discount to comparables, despite Mondee's much higher historic growth rate. 2023F EV/(EBITDA- CapEx¹) Multiple² 2023F EV/EBITDA¹ Multiple² 2023F P/E¹ Ratio Revenue CAGR, 2015-19 (%) Sources: Public filings, Capital IQ Notes: 10.0x MONDEE Organic 9.5x MONDEE Organic 9.0x 40.0 1. Market data as of 8 August 2022 2. On a fully-diluted basis, excluding Earnout and Warrants. 6.3x MONDEE Organic + Acquisitions 6.1x MONDEE Organic + Acquisitions 5.6x 62.0 B2E Corporate 14.9x ctm 12.6x ctm 22.0x 17.7 12.9x BOOKING HOLDINGS 11.9x BOOKING HOLDINGS 16.2x 13.0 OTA 8.7x e expedia group 6.6x e expedia group 11.1x 16.0 18.8x AMADEUS 12.8x AMADEUS 22.5× 10.1 GDS MONDEE 16.8x Sabre 13.7x Sabre nm 7.6 Ⓒ2022 All Rights Reserved | 37

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