NextNav SPAC Presentation Deck

Operational benchmarking CY2021E CY2026E REVENUE CAGR 189% N NEXTNAV 46% CY2026E UFCF CONVERSION CY2026E EBITDA MARGIN 95% 400% (1) N NEXTNav Anterix™ ΝΑ ΝΑ Anterix™ 629% (2) (1) Reflects CY2020E - CY2022E Revenue CAGR. (2) Reflects CY2024E-CY2026E Revenue CAGR. (3) Reflects CY2021E - CY2025E Revenue CAGR. 11% (4) ARCHER otonomo 100% MEDIAN: 235% (3) (4)(5) 272% 21% (4) 198% LUCID (4)(5) 100% MEDIAN: 90% 13% 80% Matterport otonomo LUCID Sources: CapIQ and Bloomberg research consensus estimates, company filings. Market data as of 06/03/21. Note: UFCF Conversion defined as EBITDA less Capex divided by EBITDA. 57% Matterport (4) Reflects CY2025E EBITDA Margin / UFCF Conversion. (5) Assumes no capex; capex not publicly disclosed. (6) UFCF projections remain negative through 2026E. (3) 29% 24% ARCHER 296% 40% Joby LUMINAR 97% (2) Nitt 96% 50% (4) 94% MEDIAN: 38% 38% D 20% MEDIAN: 92% 91% 23% DOORDASH 21% 88% LUMINAR DOORDASH Uber 23% Uber 40% NM (6) Joby Y2020E - CY2022E REVENUE CAGR MEDIAN: 8% 14% gogo 39% 98% interdigital 900 MHz wireless 9% CY2021E UFCF CONVERSION Recent tech fwd SPACs T 38% N NEXTNAV 81% 7% gogo desh MEDIAN: 72% 21% 66% dish Wireless 0% interdigital. 34% 55% T Customer verticals 29

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