Paya SPAC Presentation Deck

Potential to Grow EBITDA Margins Additionally, Paya's cash conversion is in line with leading peers '21E Adjusted EBITDA Margin 45% 1. 2. RPAY 97.8% RPAY 36% FOUR 97.3% FOUR 33% EVOP '21E Adjusted Cash Conversion %¹,2 93.4% paya Source: Company filings, FactSet (7/16/20), Company management Note: Paya 2021E Adjusted EBITDA includes incremental public company costs Adjusted Cash Conversion calculated as Adjusted EBITDA less adjusted capital expenditures and capitalized development IIIV capital expenditures estimated as 2019A capital expenditures (excluding RBOS) as % of revenue applied to 2021E revenue Long-term upside potential for 35%+ margins 29 35%+ 28% paya 92.9% IIIV 28% IIIV 78.9% EVOP paya

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