Navitas SPAC Presentation Deck

GaN Addresses 10% of Net Zero CO₂ Challenge 2 IRENA International Renewable Energy Agency Transforming Energy Roadmap Target 2050 26 Gt CO₂ reduction GaN Efficiency Reduces Emissions Renewable electricity Improved efficiency and demand reduction Non- addressable O Navitas Semiconductor 2021 4.6% 40.4% 5.4% 18.6% 31.0% (2) 1.2 Gt (³) 1.4 Gt (4) GaN addresses 2.6 Gt CO₂ reduction annually ■ ■ I ...and Accelerates Adoption of Clean Technology (5) Electricity demand is projected to double from 21 PWh to 42 PWh GaN is more efficient than Si at converting energy Increasing efficiency reduces emissions Electricity Impact Global demand for electricity projected to be ~42 PWh (5) by 2050 GaN improves electricity (6) efficiency by 5% Navitas Seeks To Provide Climate Change Solutions Source: Company information, DNV GL, EPA, IEA, International Renewable Energy Agency (IRENA) (1) Assumes Transforming Energy Scenario from IRENA's Reaching Zero with Renewables report. (2) Non-addressable segment includes use of renewable heat and biomass, synthetic fuels / feedstocks and carbon dioxide removal measures. (3) Assumes 58.9% renewable electricity emissions reduction attributable to non-solar generation and 25% GaN share of Si replacement. (4) Assumes 10% demand reduction, 50% efficiency improvement and 50% GaN share of Si replacement. ■ Navitas Carbon Impact (7) GaN addresses 33 Gt of CO₂ cumulatively through 2050 Total potential energy efficiency savings (8) ~$120B (5) Projected growth from 2015 to 2050 from IRENA's Global Energy Transformation: A Roadmap to 2050 report (p40). (6) Assumes Si efficiency of 87.5% and GaN efficiency of 92.5%. (7) Assumes a constant adoption ramp between 2025 and 2050. (8) Derived from demand and energy efficiency CO₂ reduction of 1.4 Gt; assumes a $0.12 / kWh cost of electricity and a carbon to energy ratio of 0.00071 tons / kWh, aligned with the EPA's marginal emission rate. 24

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