Dave SPAC Presentation Deck slide image

Dave SPAC Presentation Deck

Anticipated Rapid Growth at Scale with Attractive Margins Gross Profit ¹ ($ in mm) % Margin 1 Revenue ($ in mm) Dave $17 Transaction Revenue Service Revenue $76 CAGR: 98% $122 121 $193 22 171 $377 116 262 $533 Rapid scaling and 60% YoY growth through COVID 189 344 2018A 2019A 2020P 2021E 2022 2023E 45% $8 56% $43 62% 57% CAGR: 112% $75 $111 59% 62% $223 $329 2018A 2019A 2020P 2021E 2022E 2023E Proven record of driving significant scale efficiencies; upside beyond forecast Source: Dave Management. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. Additionally, all information in Dave's financial statements for the years ended December 31, 2018 and 2019 are audited, but not to PCAOB standards. ¹ Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions. 26
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