Bigbear AI SPAC Presentation Deck

Benchmarking Operational benchmarking - revenue growth and gross margin profiles Total Revenue Growth (FY'21E- FY'22E) Analytics Gross Margin (FY'22E) (¹) 52.4% '22E BIGHEAR.AI 58.5% '22E 62 BIGHEAR.AL BIGBEAR. AI 39.0% '25E BIGBEAR.AI 70.6% '25E BIGHEAR. AI 20.7% 33.9% alteryx c3.al 91.4% 76.4% alteryx ca.al 34.2% CROWDSTRIKE 76.5% CROWDSTRIKE 23.5% 76.6% 24.7% (1) 72.7% elastic everbridge 87.5% elastic everbridge IronNet Palantir snowflake splunk>> 28.7% 73.6% 63.7% 80.8% 21.9% 69.0% 77.6% IronNet Palantir snowflake splunks Peer Average: 38.0% Peer Median: 31.3% 41.0% Telos Peer Average: 73.6% Peer Median: 76.5% MEDIAN 41.2% MEDIAN Telos Refer to Safe Harbor on slides 2 and 3 regarding Segment Gross Profit and Gross Profit Margin reporting. Source: CapIQ and FactSet; Market data as of June 2, 2021. Refer to Safe Harbor on slides 2 and 3 regarding projected financial information with respect to BigBear.ai. 35

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