Playboy SPAC Presentation Deck

PLAYBOY 2020 D $3 с B A Organic Growth To $100M+ of Adjusted EBITDA Target by 2025 27 $69 $4 $54 $131 2020E Adjusted Revenue 5-YEAR ADJUSTED EBITDA BRIDGE ($MM)¹ $84 A Sexual Wellness Growth $13 B Highly achievable organic target where acquisitions can further accelerate growth. Gaming & Lifestyle $55 C Style & Apparel $13 D Beauty & Grooming Growth $296 $111 2025E Adjusted Revenue COGS $37 Segment OPEX $46 G&A $3 D&A $104 2025E Adjusted EBITDA ¹Model assumes all organic growth; does not factor in inorganic growth opportunities; Minimal CapEx expected, resulting in high free cash flow conversion *See non-GAAP to GAAP reconciliations at the end of the presentation. A Sexual Wellness: KEY GROWTH ASSUMPTIONS Introduction of new CBD, wipes, condoms and lubricant products • Sale of lingerie and bedroom accessories through Yandy.com Customer segmentation tools better understand and target customers Higher average price points Cross selling across various customer segments ● B Gaming & Lifestyle: • Roll out digital O&O gaming assets and cross-sell to adult and Yandy customers Expand gaming licensing deals across new geographies and types of games c Style & Apparel: Expand licensing business to new geographies and product categories Execute in geographies where Playboy partner with established companies that have market pull, political connections and local market expertise . D Beauty & Grooming: Playboy-branded men's and women's skincare and grooming products Women's beauty product line

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