Satellogic SPAC

SELECTED PEER OPERATIONAL AND VALUATION BENCHMARKING REVENUE GROWTH ADJ. EBITDA MARGIN¹ EV / REVENUE 269% 113% SATELLOGIC BLACK SKY 54% Langen 22% 29% 27% 28% 29% elastic stack mongoDB Palantir snowflake splunk> sumo logic airbnb DALADOG 46% N/M SPACE ECONOMY 95% SATELLOGIC BLACK SKY 480% 2.3x 2.8x 2.1x AST ASTA ASTRA MOMENTUS ROCKET LAB Aspire (21-24E 373% 31% SATELLOGIC BLACK SKY ASTA ASTRA MOMENTUS ¹24E 3.5x 56% ASTRA 1.3x 87% MOMENTUS EV/2024E Average: 294% Median: 373% 424% 26% 107% Michaladapte 18% 14% 14% 7% alteryx QPalantin elastic stack mongoDB. 10.0x Average: 45% Median: 36% 41% ROCKET LAB Aspire Average: 7.8x Median: 3.0x 27.6x 2.6x alteryx ROCKET LAB Aspire 8.9x alteryx Source: Company filings and FactSet as of 06/30/2021 Note: N/M denotes "not meaningful" due to no available data or negative values; 1 EV based on current SPAC share price applied to PF capital structure 1 Adj. EBITDA is a non-GAAP measure. See reconciliation of historic measure in Appendix SATELLOGIC DATA & ANALYTICS /SaaS 28.9x FEE DALADOG 15.5× 1% 26.4x elastic stack mongoDB 30% 32.3x 62% QPalantir Average: 30% Median: 28% 1% 24% 19% Average: 11% Median: 11% 11% 21-23E snowflake splunk> N/M '23E sumo logic airbnb Average: 22.1x 47.6x Median: 21.0x 25% 8.9x 8.5x 18% EV/2022E CATEGORY CREATORS 14.6x snowflake splunk> sumo logic airbnb 35% 10% 9.1x 15% 28% 27% 12% 36% NETFLIX PELOTON ROKU shopify T 7.3x 6.9x 15% Average: 29% Median: 29% 37% 16.7x NETFLIX PELOTON ROKU shopify Average: 17% Median: 15% 14% 29% NETFLIX PELOTON ROKU shopify 21% T TESLA Average: 13.7x Median: 11.2x 29.9x 11.2x T CONFIDENTIAL 62

View entire presentation