Skillz SPAC Presentation Deck

APPENDIX: COMPARABLE COMPANIES BENCHMARKING 2020E - 2022E Revenue CAGR 60% 57% 30% 0% 30.0x 15.0x skillz 0.0x 60.0x Skillz 0.0x 6.2x 30.0x.......... Skillz 6.4x 45% 27.9x 40% DraftKings Shopify MercadoLibre 49.9x 12.4x Shopify DraftKings 38% www.me 26.3x 10.4x Wix 17.1x 35% Snap 9.5x Snap 16.0x 35% 8.9x Roku EV/2022E Revenue 33% 15.3x Skillz Shopify DraftKings Square Mercado Libre Roku Note Factset, Company Filings, Thomson, Market Data as of July 28, 2020. EV means Enterprise Value 1. Skillz implied multiples based on a $3.5Bn pre-money equity value Pinterest Square MercadoLibre Etsy EV/2022E Gross Profit 7.7x 15.2x 28% Tencent 7.4x Paypal 15.1x Paypal 24% Wix 7.2x Roku 15.1x Wix PERING 21% Tencent 7.1x Square 15.0x Snap 19% Etsy 6.8x Tencent 11.1x Etsy Peer Median: 33% 18% Paypal Peer Median: 7.7x 6.7x Pinterest Peer Median: 15.2x 9.3x Pinterest 34

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