Hypebeast SPAC Presentation Deck

Operational Benchmarking: Public Comparables FY 2020-21E Revenue Growth FY 2021E EBITDA Margin HYPEBEAST 28.7% Hypebeast Buzzfeed 21.6% 23.7% Hypebeast 10.4% 17.4% NY Times 15.3% Buzzfeed NY Times Media Median: 23.7% 17.8% Warner Music Median: 15.3% 19.6% Warner Music 89.1% S4 Capital 15.9% S4 Capital 59.3% Playboy 13.1% Inventory eCommerce 42.0% Median: 42.0% Mytheresa 9.7% 50.5% Playboy Mytheresa Revolve Median: 10.6% 11.5% Revolve Source: Buzzfeed Press Release; CapitallQ as of 3/22/2022. * Based on Hypebeast projected revenue of not less than US $112 million for the Fiscal Year Ending March 31, 2022. ** Based on historical interim financial results for the period ended September 30, 2021 published on December 8, 2021. 21.5% 52.7% Stitch Fix TheRealReal Marketplace & ReCommerce 23.2% Median: 33.8% 25.5% 33.8% Poshmark 1stdibs.com ThredUp Median: 0.6% 1.1% nm nm nm nm Stitch Fix TheRealReal Poshmark 1stdibs.com ThredUp 34.8% Farfetch 0.2% Farfetch 28.0% Moncler 41.7% Moncler Luxury Median: 28.0% nm Richemont Median: 20.9% 20.9% Richemont nm V.F. Corp 11.1% V.F. Corp 32

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