Credit Suisse Investment Banking Pitch Book

2 Review of Bravo projected cash needs Cash balance over time ($ in millions) Quarterly / Annual cash burn(1). Source: (1) ($157) ($107) ($45) ($30) ($33) ($25) ($29) ($24) ($30) ($21) ($28) ($11) $171 $64 $19 2023: ($133) ($11) FY'21 FY'22 Q1 Q2 ($44) 2023 ($68) Bravo management. Defined as NOPAT + D&A - capex +/- change in NWC. I 2024: ($104) ($97) Q3 Q4 Q1 Q2 ($121) ($151) ($172) Q3 Q4 2024 ($12) ($17) 2025: ($68) ($200) ($212) ($224) ($241) 2025 ($14) $4 Q1 Q2 Q3 Q4 Q1 ($5) $0 2026: ($14) Q2 ($255)($250) ($255)($255)($258) ($3) 2026 $23 ($10) 2027: $32 ($235) ($246) Q3 Q4 Q1 Q2 Q3 Q4 Total financing requirements $23 2027 ($223) | Draft | 4

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