Cannae SPAC Presentation Deck slide image

Cannae SPAC Presentation Deck

Paysafe: Transaction Overview Paysafe/FTAC II closed its merger on 3/30/21 and Paysafe now trades under the ticker PSFE 0 Eight research firms have launched coverage on PSFE to date, all with Buy/Outperform ratings and average 12-month price target of $16.72 Financial Overview (In Millions) (Unaudited) Revenue Gross Profit (excluding depreciation and amortization) Net loss attributable to the Company Adjusted EBITDA $ December 2020 $ 2020 359.7 (2) Integrated payments peers: Shift4, Repay and Paya. (3) Traditional payments peers: Global Payments, FIS and Fiserv. 230.3 $ 112.8 $ (51.1) $ $ 2021 377.4 226.4 (49.1) Paysafe stock performance relative to S&P 500 and public peers since 12/4/20 12/7/20 Announcement of Foley Trasimene / Paysafe deal 113.2 August 2021 Source: Public company filings and market data as of 8/5/2021. See page 26 for EBITDA reconciliation. (1) eCommerce peers: PayPal and Nuvei. eCommerce¹: 34.1% S&P 500: 20.8% Integrated Payments²: 7.4% Paysafe stock down -3.1% 1 since 12/4/20 to $10.29 Traditional Payments³: -11.3% Cannae Investment Summary Investment Date Total Invested Capital Current Ownership Current Value Current Gain 2020 $496.6M total / including $491.9M (or $9.10 per share) and $4.7M (or $0.58 per warrant) $576.1M CH $79.5M / 1.2x CANNAE HOLDINGS, INC. The business combination successfully closed on 3/30/2021 Cannae invested $150M via a Forward Purchase Agreement and an additional $350M in connection with the PIPE Cannae also purchased $4.7M of private placement warrants 54.0M shares (~7.5% ownership) and 8.1M warrants Subscription fee to Cannae is netted out to arrive at cost basis of $496.6M Gross market value of Cannae's investment is -$576.1M based on PSFE stock price of $10.29 and warrant price of $2.46 as of 8/5/2021 Mark-to-market gain on investment is currently $79.5M or 1.2x before taxes and fees CANNAE HOLDINGS INVESTOR PRESENTATION AUGUST 2021 | 19
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