Playboy SPAC Presentation Deck

PLAYBOY 2020 28 Summary: Playboy Investment Highlights 1 234 5 Iconic Global Consumer Platform Highly Profitable Business Model Massive Growth Opportunity In O&O M&A Acceleration Opportunity World Class Management Team ● Business model and efficient marketing strategy enables meaningful margin expansion as growth accelerates • Drives low-cost product development, reduced CAC, and increased customer LTV ● ● ● One of the world's most iconic global consumer lifestyle brands with massive global reach Diversified portfolio of products/services in four high-growth consumer categories $3B in annual global consumer spend against the Playboy brand across 180 countries ● Approximately $400M of contracted cashflows provide significant reinvestment opportunity Proven execution expanding from licensing to O&O product model Well-positioned to scale portfolio of owned brands and enhance capabilities via strategic acquisitions Accelerates top-line growth and EBITDA expansion Over $180M of NOLs expected to provide significant tax shield against acquired income Track record of acquiring and growing businesses to generate significant returns for investors 2020 on track to grow adjusted revenues by approximately 70% and double adjusted EBITDA • Grown Yandy ~37% YoY in the first six months post acquisition

View entire presentation