Rally SPAC Presentation Deck

Public Market Comparables Vertical SaaS Company Veeva Systems Inc. Ticker VEEV TRMB TYL Trimble Inc. Tyler Technologies Inc. Manhattan Associates Inc. MANH nCino Inc. NCNO Duck Creek Technologies Inc. DCT Olo Inc. OLO Alkami Technology Inc. ALKT Meidan High Low Market Data from FactSet and Capital IQ as of 6/03/22 TEV / Revenue 22E-24E Mkt Cap 2023E 2024E CAGR 29,107 12.1x 10.3x 17.5% 17,167 4.4x 4.1x 7.6% 14,800 7.8x 7.0x 10.5% NM 37.6% 14.5% NM 24.7% 7,922 9.6x NM 3,956 9.8x 7.7x 2,464 6.1x 5.4x 1,720 5.1x 1,297 4.0x 7.0x 12.1x 4.0x NM 3.3x Meidan High Low 6.2x 10.3x 3.3x Marketplace Software 16.0% 37.6% 0.1x Company Bentley Systems Incorporated Guidewire Software Inc. Verra Mobility Corporation ACV Auctions Inc. BigCommerce Holdings Inc. Ticker BSY GWRE VRRM ACVA BIGC Sharing Economy Company Booking Holdings Inc. Airbnb Inc. Uber Technologies Inc. DoorDash Inc. Grab Holdings Limited Lyft Inc. Swvl Holdings Corp. Meidan High Low TEV / Revenue 2023E 2024E 11,035 10.3x 9.4x 6,680 7.3x 6.4x 4.7x 2,578 5.0x 1,340 1.4x 1.1x 1,304 3.7x 3.1x Mkt Cap 4.7x 5.0x 10.3x 9.4x 1.4x 1.1x Ticker BKNG ABNB UBER DASH GRAB LYFT SWVL 22E-24E CAGR 9.9% 11.6% 5.4% 31.3% 21.4% 11.6% 31.3% 0.1x TEV / Revenue Mkt Cap 2023E 2024E 94,891 4.6x 4.0x 76,267 7.1x 5.9x 47,422 1.4x 1.1x 27,044 3.0x 2.5x 9,753 2.5x 1.8x 6,055 0.9x 0.8x 600 2.1x 0.8x 2.5x 7.1x 0.9x 22E-24E CAGR 14.1% 19.6% 21.0% 21.4% 45.7% 22.2% 152.2% 1.8x 21.4% 5.9x 152.2% 0.8x 0.1x rally

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