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Waldencast SPAC

Our products outperform competitors across key attributes Hydrate Luxe® vs competitors Instrumental assessment Hydration 60 Score on Grading Scale 40 20 0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 *P<0.05 vs comparators. H 15 min 30 min OBAGI Nu-Derm® System vs competitors Comparative efficacy at 24 weeks Perioral fine wrinkles 1 hr Mottled hyper- pigmentation LLL 3 hr L 2 hr Laxity Periocular wrinkles 8 hr Sallowness Hydrate Luxe ■ Premium retail competitor ■ Med space competitor 1 ■ Med space competitor 2 ■ Prescription Skin Therapy System ■ Tretinoin ■Hydroquinone ■Over-the-counter (OTC) regimen OBAGI Nu-CilTM vs physician-dispensed competitor % mean improvement in clinical grading (expert grader assessment) from baseline 60 40 20 0 。 8 8 8 8 8 70 60 50 40 Pro-C 20% vs competitor Consumer preference 30 20 23.1 10 0 32.7 Week 8 23.1 Pro-C 20% serum 46.2 Week 12 36.5 53.8 Week 16 Leading competitor ■ Physician-dispensed competitor ■OBAGI Nu-Cil™ 39
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